Project 1999 - the i dont care about politics anymore thread

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Quote:

Originally Posted by Horza (Post 3587613)

Honestly blows my mind you guys keep doubling down on esoteric bullshit only people who are already guaranteed Republican votes can even comprehend despite the disastrous results.

8,545 posts, NOT counting RnF posts.

https://i.imgur.com/3MotkxY.jpg

Quote:

Originally Posted by Jobaber (Post 3587599)

To big to fail is bullshit lol

It led to the economic collapse they are trying to avoid today.

These institutions are the reason we have the crisis, to big to fail just keeps the crisis going.

Agree 100%

Quote:

Originally Posted by Jobaber (Post 3587599)

To big to fail is bullshit lol

It led to the economic collapse they are trying to avoid today.

These institutions are the reason we have the crisis, to big to fail just keeps the crisis going.

It is bullshit, but its also reality

there are a bunch of corporations which are so integral to our economy that we as a nation cannot allow to cease operations.

they know that they have us by the balls, so there is zero incentive to be better at their jobs.

i absolutely believe that these businesses maneuvered themselves into this position on purpose, its fuckin' smart from their point of view.

Quote:

Originally Posted by Botten (Post 3587545)

Trump administration has a hand in the failure yet again.

SVB CEO Greg Becker lobbied the government to relax some Dodd-Frank provisions on regional lenders in 2015. Trump did in 2018.

the bank p. much collapsed because they went all in on mortgage backed securities like its 2007 all over again when interest was near 0% under trump... what's it now under brandon, 4.57%? i'm not speculating, they were trying to sell off these securities a week ago.
if u don't get that the federal interest rate rapidly increasing so much under biden is what led to this you might be economically illiterate lolz.

Quote:

Originally Posted by Patrece (Post 3587401)

No wonder they couldn't get anyone to buy this bank. People saw all the LGBT crap loans on their books and purple hair secretaries in the foyer and did a 180

but that's not quite right either, the lgbt crap startups the bank invested in were actually doing really well under trump and i also think right up until the collapse, that's why they had such an excess of money to dump into mortgage backed securities in the first place. think about it, these are the businesses set to replace your local family run stuff when the great reset accelerates. netflix and grubhub ghost kitchen type stuff.

Quote:

Originally Posted by Horza (Post 3587613)

Honestly blows my mind you guys keep doubling down on esoteric bullshit only people who are already guaranteed Republican votes can even comprehend despite the disastrous results.

"biden is doing bad"

TRUMP PASTE REE TRUMP PUTIN SIMP TRUMP PASTE PASTE TRUMP SIMP!

Quote:

Originally Posted by Trexller (Post 3587633)

the entire idea of how a publicly traded company works is fucked, you see it time and time again especially as advanced aged gamers. company goes public, shareholders get independently rich then fuck off to cancun, business is not allowed to operate in any way other than whatever way squeezes maximum dollars out of the economy for their shareholders. ford vs dodge is the only example i need, one of the first things you'll learn if you study corporate law:

harvard's tl;dr: https://corpgov.law.harvard.edu/2021...pened-and-why/

Quote:

Dodge v. Ford is one corporate law’s iconic decisions, regularly taught in law school and regularly cited as one of corporate law’s core shareholder primacy decisions. Ford Motor slashed its dividend in 1916 and minority stockholders—the Dodge brothers—successfully sued Ford Motor Company for a big dividend payout. Ford had justified skipping the dividend because he sought to do well for employees and America’s car buyers, with corporate profits a secondary motivation. The court largely rejected Ford’s justifications for holding back the dividend.

but yeah this root issue is why libertarianism is fucked. any worthwhile political ideology has to address corporate tyranny and crony capitalism these days.

Quote:

Originally Posted by Horza (Post 3587603)

No idea what your Fox buzzwords are going on about, but Republicans are the ones who overwhelmingly supported repealing these regulations.

Just keep screaming groomer and losing elections :p

republicans and democrats are two sides of the same chocolate coin, which meets kosher dietary restrictions.

Jib and the rest of the seditionist peanut gallery seem extra testy today, they don't usually threaten to beat the shit out of me with a metal baseball bat just because Trump lost.

Quote:

Bill Ackman predicts more bank runs from Monday
1h ago

SVB FINANCIAL GROUP
SIVB
▼‎-60.41%‎

Billionaire investor Bill Ackman expects more bank runs from Monday morning after Silicon Valley Bank, the California-based subsidiary of SVB Financial Group (NASDAQ:SIVB), collapsed following what turned out to be the largest bank run in U.S. history.

Bill Ackman was the cocksucker who's name i couldn't remember who tweeted out SVB should get a bailout lol