Governments need to ban X/Twitter, its owner is actively fomenting hate, division, and misinformation.

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No way the Fed could’ve foreseen the gross mismanagement of interest rate risk by SVB. In fact, the Fed issued MRA/MRIA warnings to SVB in late ‘21 and throughout ‘22 that SVB largely ignored. The Fed needed to extinguish any potential systemic risk in ‘23, acted appropriately to ring fence SVB.

What Ancelotti did is a common business practice in other countries to incorporate his sponsorship rights. Spain appears to be the most aggressive at defining these types of payment streams as strictly personal income, it generates more tax revenue for them.