Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

On Deck Capital (NYSE: ONDK)

Market Insanity

The Most Dangerous Bank in America

“Having used government guaranteed deposits to, in my opinion, turn itself into a giant and highly levered junk bond fund, BOFI investors now have massive exposure (believed to represent roughly 150% of tangible equity) to opaque loan pools.”

Read More