#Ban Bet Lost
/u/aidane656 made a bet that QS would go to 25.0 within **1 week** when it was 16.088 and it did not, so they were banned for a week.
Their record is now 0 wins and 1 losses
[**Join WSB Discord**](https://discord.gg/wsbverse) | [**⚔**](https://www.reddit.com/r/KarmaCave/)
Demand. SOFR is still a market-set rate.
It is generally not supposed to go above IORB for long, because when it does banks can arbitrage them back to parity, so IORB is considered a ceiling. SOFR spikes above IORB when there is high demand for cash or collateral.
SOFR has been going above IORB at quarter ends for "window-dressing"---essentially everyone trying to get a good balance sheet snapshot for their 10-Qs. The spike in mid-Sept was to pay corporate taxes. But now? There is no obvious innocuous explanation, so it's probably related to regional banks and private credit: JEF, FITB, ZION, WAL, OWL, KKR, BX, etc.
Bro has QS in his portfolio. $9bn market cap. No product and basically on coat tail of China. Not sure if they'd high quality and cash gloe generating stock. Op is cooked