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The Institutional Risk Analyst


AI, Automobiles & Great Cities
If it’s artificial, then it’s not intelligent.
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Jun 6, 20236 min read


Crypto Crash Signal End of Fintech?
Despite all the hyperbole, the great crypto fraud was a small game, like the party poker that many crypto enthusiasts share in common
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Nov 25, 20229 min read


QE = Supranormal Credit Risk
Given the demand for safe assets, the true risk free rate today is probably less than zero. Ponder that Chairman Powell
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Jun 12, 20227 min read


Update: Upstart Holdings & Cross River Bank
If investors and partner banks don’t want to buy UPST loans at current market rates, then the game is over in an originate to sell model
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Jun 2, 20227 min read


Profile: NexBank Capital, Inc.
Among the ten largest mortgage specialization banks, NexBank had among the best equity returns in Q3 2021
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Feb 10, 20226 min read


Profile: Cross River Bank
Bottom line, when a bank seems to be doing much better than other banks, there is usually a reason and that reason is almost always bad
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Jan 19, 20226 min read


Q4 Earnings | Big Banks & QE
In the short-run rising interest rates and spreads will help bank earnings. But where is the next credit hot spot?
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Jan 12, 20228 min read


Mortgage Crises Yesterday and Today
As we move into Q4 2021 earnings, keep your eyes peeled for news of restructuring of urban commercial commercial and multifamily properties
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Jan 4, 20226 min read
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