Wrestleknownothing

You will not want to hear this, but I have them coming in 12th with 36 plus bonus.

I always found that sixth place to be odd. He lost to Nick Lee by 1 when Lee was destroying everyone else. He lost to Sebastian Rivera by the same 3-2 score. I thought he was third best last year, but then he went and lost to Cole Matthews in the fifth place match. Hard to explain.

Let me take a crack at this. All banks work pretty much the same way. They take either maturity risk (i.e. borrow short-term and lend long-term), credit risk, or both. This can be done very riskily or not. To mitigate some of that risk some banks also pursue fee based businesses. But an old school, traditional bank activity is to take deposits (borrow short-term) and pay little or no interest on those deposits. They then make longer-term loans to businesses and individuals (mortgages, for example). Long-term rates tend to be higher than short-term rates, so they make money on the spread. But there is a basic problem all banks need to manage. The deposits can leave at any time, but they do not have the right to call the loans. If all depositors want all of their money back at the same time, every single bank in the world will become insolvent. They can make the most prudent, intelligent loans ever that are all money good and it still will not matter. They have to wait to get their money back, but depositors do not. One way to manage this risk is to have diversified sources of depositors. Open branches everywhere, offer toasters and pens, advertise locally and nationally, etc. That way all depositors are less likely to act as a single group. Silvergate and Signature were two large bankers for the crypto industry. Their deposits were tightly tied to the health of crypto as many of their customers were crypto exchanges who needed access to the traditional financial system. When crypto exchanges faced massive withdrawals, they took their deposits en masse. It no longer mattered what their loans looked like. Ditto for Silicon Valley Bank, except substitute private equity funded start ups for crypto. With start up money drying up they turned from net depositors to net withdrawers. SVB also failed to manage their maturity risk appropriately so that when the mark-to-market value of their loans (i.e. long dated treasuries and agency mortgage bonds) went down their capital ratio shrunk. Private equity investors noticed and told all their clients to pull their deposits. When the heard moves, there is not much that can be done (especially if you have mis-managed this risk). Ultimately, it was the combination of losing non-diversified deposits and higher interest rates (which decreased the current value of assets, but not necessarily the future value) that got all three. Unless other banks have made similar mistakes, then they have not much to worry about, except that all banks survive on depositor confidence - just ask George Bailey.

care to make a wager....never mind

How wild is it that the returning finalists at 197 are the #14 and #9 seeds this year?

Including himself if you are implying he will win.

How is this for strange, but true? Jones and Lewnes both lost to a Hofstra wrestler in the first round.

oops. forgot to mention the year. 2009.

You got me curious. The last #1 seed to lose in the first round was not that long ago. Mack Lewnes 165 for Cornell went 0-2. And neither guy who beat him made All-American. Also interesting, Lewnes went 4th, 0-2, 2nd, 4th. So I doubt he was a fluke #1.

Depends. What is Twitter?

The 15 minute edit window is not a good imahe either.

On HR they are saying it is Connor McGonagle from Lehigh who is out. He was the 11 seed. Not sure if they re-seed or not.

Pinfall

1933 had five pinfalls in eight weight classes. 1955 also had five pinfalls, but in ten weight classes. But bouts were longer then. For example, one of the 1933 pinfalls occurred at 12:12. In the 10 weight, 7 minute era (1982 to present) the most was two pinfalls in 1987 and again in 2011. The shortening of matches led to a big drop in finals pinfalls. It has been three tournaments without a pinfall in the finals. If there are none this year it will tie the longest streak of tournaments without a pinfall (1974-1977, 1994-1997, 2003-2006).

I cannot read the article as it is behind the paywall so it is difficult to assess your quote, but their money is not gone. SVB has a classic maturity mismatch (the definition of a bank), took a lose selling some long term bonds and foolishly tried a recapitalization a day after Silvergate announced their own problems. SVB depositors panicked and asked for too much of their deposits back.

How did you get this picture of me?

De-compactify is my new favorite word.

The irony keeps piling up. Not only did I use ironic correctly, but you incorrectly posted an article about the incorrect use of irony. Are you starting to see the irony? I doubt it.

Ironic that you say you can't look at one situation and then look at one situation. I am not looking at one situation. I am looking at the totality of all situations. And when you do that you see that Big 10 wrestlers get seeded higher in spite of their loses.

Think about that for a second. The post I was responding to said that the Big 10 gets screwed by wrestling each other, but Brooks' lose was a non-conference match.

Nice. Safe travels. I am jealous. Not going this year.

Is here Alaska?

Is that you, Kevin?

I think the actual quote was: "Sometimes the Lord brings you low, the rest of the times it is my ankle pick." - Cael Sanderson

But the RBY one was in private.