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Legalize the Constitution |
The “Ace” is Texas shutting JPM out of underwriting up to $58 billion in municipal bonds! Virtue signaling just got expensive. _______________________________________________________ despite them | ||
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Fire begets Fire |
 "Pacifism is a shifty doctrine under which a man accepts the benefits of the social group without being willing to pay - and claims a halo for his dishonesty." ~Robert A. Heinlein | |||
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To all of you who are serving or have served our country, Thank You |
Nelson of the simpsons enter one's head... ha ha | |||
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Touche' | |||
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Member |
https://www.dallasnews.com/bus...urting-its-business/ "Hospital deal The law is already crimping new business for JPMorgan. This week, JPMorgan was replaced by UBS Group AG as the underwriter of a bond issue for Texas’s Decatur Hospital Authority, a local agency, according to a bond filing Thursday. The authority is an arm of a 7,000-person Texas city that operates Wise Health System. Decatur is the seat of Wise County and is about 65 miles northwest of Dallas. In July, the agency disclosed that it was planning to have JPMorgan serve as senior managing underwriter on a financing that could include the sale of up to $150 million of bonds. Due to the legislation, JPMorgan Chase & Co. won’t bid on business with public entities in Texas, a key market where the bank underwrote $3.6 billion of municipal debt sales in 2020. The authority cited “uncertainty related to the implementation of new legislation passed by the State of Texas,” though it didn’t specify which law. Todd Scroggins, chief financial officer for Wise Health, didn’t respond to a request for comment, nor did a hospital spokesperson." ____________________ | |||
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| Gracie Allen is my personal savior! |
Uncertainty. "Wait. You didn't just pass something symbolic, you actually mean it?" Yeah, Jamie. And it couldn't have happened to a nicer guy. Are you still sure you don't want to take a cut in your $13 million a year paycheck? You know, for the good of the company? | |||
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| Peace through superior firepower  |
Would someone please explain to me just exactly what is "underwriting municipal-bond deals"? Is that like when Moe Greene took Fredo in because the Corleone Family bankrolled his casino, and the Molinari Family on the coast guaranteed his safety? Is anybody sleeping with the fishes? "Muni-Bond"? Is that like James Bond except now it's a chick? I have questions | |||
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| Legalize the Constitution |
I’ve got a brown belt in Google Fu. “Underwriting” is the process through which an individual or institution takes on financial risk for a fee.
The Underwriting Process _______________________________________________________ despite them | |||
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Texas sure has their shit together on many, many things!! If we could just get other states to follow suit. | |||
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| Peace through superior firepower |
What's the vig on that? Anybody need their knees broke? I know some guys. They're like Earl Scheib. They'll beat anybody's ass for 99.95. | |||
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| Legalize the Constitution |
Well I don’t know, brother, but I DO know that JP Morgan & Chase doesn’t have to worry about it. Not in Texas anyway _______________________________________________________ despite them | |||
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His Royal Hiney |
It goes from 0.74% for bond issues over $75 million to 3.1% for issues under $10 million. "It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946. | |||
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| On the wrong side of the Mobius strip  |
NO UPS and NO EXTRAS!! And $10 in free body and fender repairs. | |||
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Member |
Outstanding Texas and thank you! No car is as much fun to drive, as any motorcycle is to ride. | |||
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quarter MOA visionary |
Awesome news!  | |||
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Drill Here, Drill Now |
Good news but lazy reporting. Constitutional carry made all the headlines but the 2021 legislative session had over a dozen Second Amendment wins. Article should’ve stated that this is about senate bill 19 (Prohibits government entities from contracting with businesses that "discriminate against the firearm or ammunition industries) that was passed this year and took affect September 1. For all y’all who don’t know, here is a good 3 sentence summary of our unique legislative schedule:
Ego is the anesthesia that deadens the pain of stupidity DISCLAIMER: These are the author's own personal views and do not represent the views of the author's employer. | |||
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goodheart |
OK, I found a link in a Yahoo News article to what JPMC has done to offend Texas:
In 2019, he was resisting efforts to get Chase to stop financing firearms companies:
Link _________________________ “ What all the wise men promised has not happened, and what all the damned fools said would happen has come to pass.”— Lord Melbourne | |||
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semi-reformed sailor |
Niceeeeeee. I love Texas "Violence, naked force, has settled more issues in history than has any other factor.” Robert A. Heinlein “You may beat me, but you will never win.” sigmonkey-2020 “A single round of buckshot to the torso almost always results in an immediate change of behavior.” Chris Baker | |||
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Last night on the local news it was reported someone got shot in both knees, I figured someone missed a payment.  Collecting dust. | |||
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yus guys got it all wrong. it's legal bookmaking. they make it on the spread. The vig is 8-10% plus maybe a couple of extra "fees" just for good measure. | |||
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