CYA
Simplify Tail Risk Strategy ETFstockNYSE
InactiveMar 7, 2024
0.5093USD+1.718%(+0.0086)182,782
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That request seems extreme, but almost everything an underwriter asks for is "required" by either law and/or company policy for loans. The underwriter has some leeway on things, but after Covid (and the GFC) guidelines have become very strict, hence sometimes "dumb" requests for "verification" of things.
My better half was an underwriter for years, extremely smart (tongue out at SuccessfulPen...Ha), and would always try to work around things legally, if possible, but guidelines have just become very strict and underwriters would get "dinged" if company's had to repurchase loans because investors declined to buy for small/stupid reasons.
It's turned into a CYA for everyone with mortgage loans...
sentiment 0.695
Bro Occam's razor.
Not complicated. Stuff started to really leak when Trump got his ass kicked and lost all his power.
So now govt is CYA.
sentiment -0.817
Yea definitely. But I wonder the fact all this seems to be coming out more now and gaining traction is right after Trump lost significant power from midterms is truly a coicidence.
It's possible a lot of CYA is going on behind the scenes for a future that doesn't involve him.
sentiment 0.842
Or Trump lost significant power during midterms and people are beginning to CYA of a future without him.
sentiment -0.128
It sounds like Kessler only told them to proceed with their investigation as a desperate legal CYA move. The Nvidia attorney mentioning him by name is going to implicate him big time if this ends up being a massive cover-up.
Equally damning is the fact that Trump knew about this and did nothing… But I don’t think anyone’s surprised by that tbh
sentiment 0.134
Also notable is the timing. All this started coming out immediately after Trump lost significant power in the midterms.
There could be a lot of CYA now behind the scenes.
sentiment -0.128