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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Sun Tzu who wrote (95916)10/16/2025 2:47:45 PM
From: ajtj991 Recommendation

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Sun Tzu

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Half of the regional banks that are reporting are taking hits for fraud. I can't recall a time when that's happened.

This all started with the First Brands bankruptcy on Sept. 29. They reported $10-billion in assets and $50-billion in liabilities. They pledged the same receivables to more than one creditor and got away with it until the tariffs smacked them upside the head.

Somehow companies are able to work things like they're Chinese real estate companies and get away with it.

Covenant light loans didn't end up making this problem. No covenant / receivable loans finally did it.
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