TLDR; $MCB is opening 800+ Bank Accounts per day via a program manager with marketing materials “FDIC Insured, No Social Security Required, Send Money to Columbia in Minutes!, Illegal? #Selfie” and found an unmet, underbanked need.
BAAS is a Reg Arb gamble. Banks didn’t want to keep up with KYC/AML compliance costs boosted earnings outsourcing to unregulated (Defi) fintechs neobanks. Now 23.5% of the $MCB deposit base.
$OKE Reports More Cap Ex than Adjusted Ebitda.
$OKE Reports Dividend Coverage Ratio of .78.
This is before... Cap Ex.
Jun 27, 2020 • 23 tweets • 6 min read
Corporate and Municipal Bond issues reached an all-time high in the four months preceding the great bear market top of 1930 $HYG
Odd-lot investors outweighed sellers in early 1930.
A phenomenon which became pervasive throughout the 1930s.
Leading Corporations experienced 15 to 20% increases in the number of their stockholders.
U.S Steel Stockholders increased from 117,956 to 141,907
