I’ll start.
Walt. All starts and ends with him on why we couldn’t benefit from generous rate environments. Absolutely butchered employee moral as a topping on the cake.
12 replies (most recent on top)
@oqe+1nIg7Mio the management of this lay off has been so bad. They announced it, in a vague manner, and mentioned a long time frame for execution. Even if a corporate communication team intended to spread anxiety and fear within a company, they couldn't have done a better job.
The buck does stop with Walt - isn't his tenure up next year - did they renew him? Or are they just making sure he does all the dirty deeds before they pay him out!
The buck stops at Walt.
But also his corporate communication team might be making him look bad.
Who cares who should go on the EC - that will never happen they go against each other. All pieces of sh$t who don't have a back bone and can't form a sentence or show their face
@yis+1nIg7Mio - look dude, I’ve seen you post on Reddit with almost these exact same words. If we learned everything from Reddit then didn’t we learn it from you, ergo you’re wrong? Also come on dude, when your sardonic posting style is so annoying it is noticeable anonymously, you know you need to change your game up.
@gkm+1nIg7Mio No, it’s not like that at all. I don’t think you understand anything about alm.
That’s like saying an NFL team lost because it rained outside and because they didn’t prepare one way or the other it isn’t their coach or owners fault
@gjm+1nIg7Mio No. They didn’t make any kind of bet. To be pedantic, that’s the issue. They base bond purchases on market expectations which are based on fed fund futures.
It’s difficult to explain to a bunch of desktop support people who have learned everything they know about finance through Reddit, but no, they did not make bets on interest rate moves. They took the mid point, and the entire market were caught out by the pace of rates. If anything, the criticism should be that they didn’t try to anticipate rate moves. I don’t expect a bunch of antiwork readers to be able to understand this nuance.
They just borrowed 2.5 billion @ 5% because they made a good bet?
That’s pretty funny. What happened to the coiled spring when interest rates rose? They made a horrible bet
The policy has always been to not take a speculative view on rates. Go back and look at fed funds futures rates, literally nobody saw the pace to rate increases coming. Criticize them all you want for communications, but the idea they they made some kind of bad bet on bonds is just wildly incorrect.