Clo Puns

First of all. I have no idea of anything. I eat crayons and add some crayons for special flavor.

I am not in any kind a financial advisor. As well I am not liable for the information provided in the following. I'll just post some links and you decide what you want to do, as always.

Burry's bookshelf

We all know that Michael Burry was visited by the SEC to stop tweeting about bubbles, hyperinflation, yadda yadda. In the meantime, his twitter is deleted (was deleted?). Dead end.

Before this happend, his profile picture changed into a book shelf - wayback machine, i love you. deleted over there in r/GME - and everybody was like, "wTf iS tHiS biG sHoRt iN jAPanEsE???"

I don't know, but the books on the right hand side were kicked off.

Besides that, I was digging in CLOs: basically CDOs (wrinkles from 2008 The Big Short, gotcha) but instead of MBS (mortgage backed securities from subprime debtors), they are filled with leveraged loans/subprime debtor companies. Investopedia Introduction - so, same shit as 2008? Pretty, yes.

Go and read this Guggenheim Paper about CSOs (Collateralized Synthetic Obligations, basically derivatives on CLOs): Guggenheim Paper: The Rise of Collateralized Synthetic Obligations: Beware the Rhyme of History and here is some background on CSOs vs CLOs

Anatomy of a CSO

"Well, this sounds pretty like pre-2008, dont y'all think so?"

Then have a look at this beauty: Source

Comparison of CDOs vs CLOs.

Market for leveraged loans is rising. The stuff is set-up in tranches. Covenants and debt coverage weaken (20% is up to a debt-EBITDA-ratio of more than 6x!). Equity tranches are held by HFs a

TLDR: The issue with CDOs in 2008 may be reoccuring with CLOs now. Economic conditions due to COVID are causing hyperamortization (zombie) loans between real estate trusts and real estate developers to fail. These failing loans are being sold to banks to be used in CLOs. The DTC will be conducting a stress test of the CMBS market on Monday and we should keep our eyes peeled for information that could impact the MOASS.

Thanks for clicking on this! How are you? Did you drink enough water? Go get some water.

This post will hopefully bring to light some seriously messed up stuff in the market and draw parallels to the 2008 crisis we have not yet seen. This is not financial advice, just a smooth brained, crayon munching, ape who likes punching drywall and using the internet.

Full Transparency, this was originally posted on another subreddit but since r/amcstock doesn't allow cross posting I figured I would drop a whole new post for you guys over here. I am the original author.

Inspiration

Based on some Michael Burry tweet and a youtube video I started to think of possible connections between Ladder Capital and Citadel. When I looked I found something potentially much scarier. All the points here are publically avilable via Ladder Capital's 10-k report for 2020.

Ladder Capital

Ladder Capital is self decribed as "We are an internally-managed real estate investment trust (“REIT”) that is a leader in commercial real estate finance. We originate and invest in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. Our investment activities include: (i) our primary business of originating senior first mortgage fixed and floating rate loans collateralized by commercial real estate with flexible loan structures; (ii) investing in investment grade securities secured by first mortgage loans on commercial real estate; and (iii) owning and operating commercial real estate, including net leased commercial property" Via Ladder Capital's 2020 10-K filing

Essentially, they are the people who give loans to the people who give loans to people to buy real estate, very fancy.

But they do have one other component that really struck my eye.

"As part of our commercial mortgage lending operations

I'm curious to understand how CLOS creates accessor functions. E.g. in the below, the accessor functions id and input-text are automatically created. There must be some sort of macro expansion (I'm assuming), but I would love to have a simple example of how its done so that I can copy that code and create my own "additional" functions for particular lisp objects (not necessarily tied to CLOS).

(defclass input ()
  ((id :accessor id
       :initform nil
       :initarg :id)
   (text :accessor input-text
	      :initform :null
	      :initarg :text)))

I have read

- Touretzky's 'A Gentle Introduction to Symbolic Computation' and

- Grahams 'Ansi Common Lisp'.

I wanted to proceed with Peter Seibel's 'Practical Common Lisp', but somehow I feel more like learning a bit more about CLOS right now, so I thought about reading Keene's Guide to CLOS before Practical CL.

Is this a good idea? Any objections?

I have some CLO from the airdrop back in 2018 and I can't seem to send it anywhere. Does anyone know how to transfer to another wallet?

They have grown out of most of their quirky word salads (they used to think they ate "mapples", because we'd always ask them if they wanted "some apples" but as they got older they slowly lost them all, but not Clo.

Me: are you folding your laundry? Ian: almost done! Only 1 more clo!

Like the title says, I already have most of my CLO in the Cold Staking contract and it is still about 3 weeks away from yielding a reward (this is my first time staking CLO so I my claimable reward is still at 0). I would like to add more to the contract, but when I click "start staking" I get a warning saying I will lose any unclaimed reward if I proceed. Since I don't have any reward to claim will adding CLO to the contract cause any problems? Will I loose my staking progress if I proceed? Any guidance is greatly appreciated! Cheers!

I've never done an OCLO but I've wondered which combinations of cogs make for the hardest battle.

So to those who have beaten multiple OCLOs, out of the 6 possible combinations for the Litigation team, which ones are the hardest and easiest?

Hi I successfully submitted the withdrawal of my CLO to my trust wallet. Transaction failed, dunno why, address is correct, and I cant submit it again "Withdrawals are temporarily disabled on your account. Please contact us via this form.".

Ticket ID 819688

Any reason why it is suspended?

Update: issue resolved in 2 days, had to send document for address validation again, after the validation the transfer was successful.

TLDR: The issue with CDOs in 2008 may be reoccuring with CLOs now. Economic conditions due to COVID are causing hyperamortization (zombie) loans between real estate trusts and real estate developers to fail. These failing loans are being sold to banks to be used in CLOs. The DTC will be conducting a stress test of the CMBS market on Monday and we should keep our eyes peeled for information that could impact the MOASS.

Thanks for clicking on this! How are you? Did you drink enough water? Go get some water.

This post will hopefully bring to light some seriously messed up stuff in the market and draw parallels to the 2008 crisis we have not yet seen. This is not financial advice, just a smooth brained, crayon munching, ape who likes punching drywall and using the internet.

Full Transparency, this was originally posted on another subreddit but since r/amcstock doesn't allow cross posting I figured I would drop a whole new post for you guys over here. I am the original author.

Inspiration

Based on some Michael Burry tweet and a youtube video I started to think of possible connections between Ladder Capital and Citadel. When I looked I found something potentially much scarier. All the points here are publically avilable via Ladder Capital's 10-k report for 2020.

Ladder Capital

Ladder Capital is self decribed as "We are an internally-managed real estate investment trust (“REIT”) that is a leader in commercial real estate finance. We originate and invest in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. Our investment activities include: (i) our primary business of originating senior first mortgage fixed and floating rate loans collateralized by commercial real estate with flexible loan structures; (ii) investing in investment grade securities secured by first mortgage loans on commercial real estate; and (iii) owning and operating commercial real estate, including net leased commercial property" Via Ladder Capital's 2020 10-K filing

Essentially, they are the people who give loans to the people who give loans to people to buy real estate, very fancy.

But they do have one other component that really struck my eye.

"As part of our commercial mortgage lending operation