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1. Sick Burn, Bro (sickburnbro@poa.st)'s status on Friday, 01-Dec-2023 06:28:05 JST Sick Burn, Bro
   Only 700 billion unrealized losses? Just put it on the federal debt, only a few months worth.
   • Woggy's Zeonic Frolicks likes this.
   • Dr. Sex, Ph.d, Esq. (doctorsex@nicecrew.digital)'s status on Friday, 01-Dec-2023 06:28:00 JST Dr. Sex, Ph.d, Esq.

     in reply to

     • Santa Noodle ☦️
     • PeachySummer
     I spend every waking moment of my life in enemy territory
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   • Santa Noodle ☦️ (bowsacnoodle@poa.st)'s status on Friday, 01-Dec-2023 06:28:01 JST Santa Noodle ☦️

     in reply to

     • Dr. Sex, Ph.d, Esq.
     • PeachySummer
     @doctorsex @PeachySummer @sickburnbro how do you do fellow daywalker
   • Dr. Sex, Ph.d, Esq. (doctorsex@nicecrew.digital)'s status on Friday, 01-Dec-2023 06:28:02 JST Dr. Sex, Ph.d, Esq.

     in reply to

     • Santa Noodle ☦️
     • PeachySummer
     Sorta. Companies categorize income and expenses in various "buckets". One of the reasons this happens is because income can only be recognized as it is earned. Now, that sounds confusing, but think of it this way:
     Say you're running a construction company. You get 25 million for a contract to build some project. You take the money, but you haven't finished building the project, so you havent "earned" it yet. But, you still need to record the fact that you got (or will get) 25 million dollars. So you put that under "unrealized income/earnings"
   • Dr. Sex, Ph.d, Esq. (doctorsex@nicecrew.digital)'s status on Friday, 01-Dec-2023 06:28:02 JST Dr. Sex, Ph.d, Esq.

     in reply to

     • Santa Noodle ☦️
     • Dr. Sex, Ph.d, Esq.
     • PeachySummer
     T. Brown belt in the jewish martial art of finance
   • PeachySummer (peachysummer@nicecrew.digital)'s status on Friday, 01-Dec-2023 06:28:03 JST PeachySummer

     in reply to

     • Santa Noodle ☦️
     So girl math.
     Something I wasn't gonna buy was on sale so I saved money.
   • Santa Noodle ☦️ (bowsacnoodle@poa.st)'s status on Friday, 01-Dec-2023 06:28:04 JST Santa Noodle ☦️

     in reply to

     • PeachySummer
     @PeachySummer @sickburnbro Not sold. Holding the bag as it were. Could also be depreciation related, which is wizardry accounting to pay less taxes but unlikely.
   • Sick Burn, Bro (sickburnbro@poa.st)'s status on Friday, 01-Dec-2023 06:28:04 JST Sick Burn, Bro

     in reply to

     • Santa Noodle ☦️
     • PeachySummer
     @BowsacNoodle @PeachySummer unrealized means "stuff we haven't had to actually account for, but probably will"
     
     So if you buy a officer tower for $100 million, and the value changes to $30 million, but you are still holding it, you have an unrealized loss of $70 million.
   • PeachySummer (peachysummer@nicecrew.digital)'s status on Friday, 01-Dec-2023 06:28:05 JST PeachySummer

     in reply to
     What does unrealized even mean in this context 😭
   • EvilSandmich (evilsandmich@poa.st)'s status on Friday, 01-Dec-2023 06:28:52 JST EvilSandmich

     in reply to

     • Santa Noodle ☦️
     • PeachySummer
     @sickburnbro @BowsacNoodle @PeachySummer The only thing keeping the current plate in the air is the Fed's cash-for-trash loan scheme that's (lol) set to expire in a few months
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   • Santa Noodle ☦️ (bowsacnoodle@poa.st)'s status on Friday, 01-Dec-2023 06:28:53 JST Santa Noodle ☦️

     in reply to

     • PeachySummer
     @sickburnbro @PeachySummer I'm guessing this is a non-GAAP based reporting then? Granted most of the good stuff always is.
   • Sick Burn, Bro (sickburnbro@poa.st)'s status on Friday, 01-Dec-2023 06:28:53 JST Sick Burn, Bro

     in reply to

     • Santa Noodle ☦️
     • PeachySummer
     @BowsacNoodle @PeachySummer this is what the article says, so if you get your hands on the FDIC's data you can get more info
   • Woggy's Zeonic Frolicks (washedoutgundampilot@poa.st)'s status on Friday, 01-Dec-2023 06:30:01 JST Woggy's Zeonic Frolicks

     in reply to

     • Santa Noodle ☦️
     • EvilSandmich
     • PeachySummer

     @EvilSandmich @sickburnbro @BowsacNoodle @PeachySummer geez don't worry man the federal reserve or whatever can just extend the program another few months

     (our government is run like a vaper working the register at hot topic: "ah just wait until they almost charge-off your debt and then offer to pay $50 bucks for a year and you're fine, they'll let you charge on it again")