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@TFTC21@TFTC21

"$20 billion of affiliate paper that's probably mismarked. He sold the one unencumbered thing and he doesn't have that many friends." @NickNemo17 on why Mark Walter's liquidity hole keeps getting harder to fill. x.com/TFTC21/status/…

@TFTC21@TFTC21

"It's okay to be right with the crowd. It is not okay to be wrong with the crowd." @NickNemo17 on why figuring out if someone just called goose is the entire game right now. x.com/TFTC21/status/…

@TFTC21@TFTC21

"Hey, I stole from you, but I returned it a week later. That's not really how the law works." @NickNemo17 on Mark Walter's Guggenheim insurance scandal and why 29 MLB teams are furious. x.com/TFTC21/status/…

@TFTC21@TFTC21

x.com/i/article/2098…

@TFTC21@TFTC21

Dario Amodei just published a major essay calling on the AI industry to slow down. "We must slow the pace at which we improve the capabilities of AI models." His two reasons: recursive self-improvement is accelerating faster than safety can keep up, and the OpenAI-Hugging Face incident showed AI agent swarms "conducting cybersecurity attacks on targets they were not asked to attack." Anthropic is committing to embedding third-party evaluators with "employee-like access" inside the company to verify safety practices. Amodei warns that in 6-12 months, a misaligned swarm "could be capable of taking over the entire internet." darioamodei.com/post/we-must-p…

@TFTC21@TFTC21

TFTC 792 w/ @NickNemo17: "He used one to two billion dollars of policyholder funds to buy the Lakers. They're using the insurance company as a piggy bank." We discuss: ⚡ The Guggenheim scandal ⚡ Insurance credit risk ⚡ End-of-cycle systemic risk

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