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I wonder if a lot of politicians go broke when their careers take a downswing, a la professional athletes.
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Feb 14, 2016 17:37
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All these broke politicians are a national security risk. The probability of them selling out the country for pocket change is a considerable matter of concern.
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Feb 14, 2016 19:36
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Not a Children posted:I wonder if a lot of politicians go broke when their careers take a downswing, a la professional athletes. Not really (in the modern age, it basically did happen to president Grant). A lot of politicians had better-paying careers before they went into politics, and even if they didn't, there are a lot of options available for ex-politicians who want to make money.
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Feb 14, 2016 19:42
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I didn't want to judge Rubio too harshly, a lot of people in debt got hosed over by the system or unfortunate personal circumstances. But holy poo poo $80k speedboat and $50k Audi, I have no sympathy.
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Feb 14, 2016 20:05
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Not a Children posted:I wonder if a lot of politicians go broke when their careers take a downswing, a la professional athletes. being in politics is like a professional athlete in college, you get the fame not the money, when you are done you get the money.
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Feb 14, 2016 21:07
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Jmcrofts posted:I didn't want to judge Rubio too harshly, a lot of people in debt got hosed over by the system or unfortunate personal circumstances. But holy poo poo $80k speedboat and $50k Audi, I have no sympathy. Rubio also ran up tens of thousands of dollars in personal expenses on a company card issued to him by the Republican party. http://thinkprogress.org/politics/2015/11/05/3719535/rubio-credit-card/ He's the living embodiment of bad with money. Quite rich but also flat broke. However much money he earns, he manages to spend even more. The great thing about being rich and bad with money, as opposed to poor and bad with money, is that there are no consequences.
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Feb 14, 2016 21:18
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BWM: Deutsche Bank with only 0.1% equuity in their positions. They are carrying out a buy back of $5b bonds. This will increase their equuity to 0.11%. They'll be fine so long as there isn't a financial disaster in Europe or China. China's foreign reserves are just about depleted and their economy is loaded up on debt, including 4-5 times the potential bad debt of the subprime collapse. http://www.stuff.co.nz/business/world/76893478/china-a-ticking-time-bomb quote:China's system is even more precarious when we realise that, even at the biggest banks, loans are not made to borrowers based upon their ability to repay. Instead, loan decisions are political decisions made by the state. Devian666 fucked around with this message at 03:03 on Feb 15, 2016 |
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Feb 15, 2016 03:00
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Is there a word filter for equity now?
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Feb 15, 2016 03:05
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No I did that deliberately; Deutsche Bank has trillions of a euros in horse loans.
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Feb 15, 2016 03:21
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Devian666 posted:No I did that deliberately; Deutsche Bank has trillions of a euros in horse loans. May not be joking....
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Feb 15, 2016 05:32
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Kayne West has managed to get himself $53m in debt. $46m from failed clothing lines. http://www.zmonline.com/spy/kanye-west-in-53-million-of-debt/ Presumably the other $7m was spent on in-app purchases. http://thedishh.com/kanye-west-north-already-has-a-spending-problem
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Feb 15, 2016 10:19
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Devian666 posted:Kayne West has managed to get himself $53m in debt. $46m from failed clothing lines. That, can't be normal. A lot of celebrities make their own clothing lines and many of those products bomb, but they don't put their own money up. At the very least you'd think Kayne had the pull and influence to incorporate and not sign anything making himself personally responsible to the debt.
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Feb 15, 2016 12:36
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Luckily Kim is worth a bajillion and this isn't really a problem for him. Rich people debt problems.
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Feb 15, 2016 12:52
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Virigoth posted:Luckily Kim is worth a bajillion and this isn't really a problem for him. Rich people debt problems. You mean unfortunately.
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Feb 15, 2016 14:28
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Krispy Kareem posted:That, can't be normal. A lot of celebrities make their own clothing lines and many of those products bomb, but they don't put their own money up. At the very least you'd think Kayne had the pull and influence to incorporate and not sign anything making himself personally responsible to the debt. Kanye West may have various debt obligations totaling $53 million but that probably does not mean his net worth is negative $53 million
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Feb 15, 2016 14:37
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Virigoth posted:Luckily Kim is worth a bajillion and this isn't really a problem for him. Rich people debt problems. How is she worth so much? What, exactly, does she do? I guess all I need to do is make a sextape and I'll get rich & famous too, right? It worked for Kim Kardassian and Paris Hilton.
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Feb 15, 2016 15:03
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BloodBag posted:How is she worth so much? What, exactly, does she do? I guess all I need to do is make a sextape and I'll get rich & famous too, right? It worked for Kim Kardassian and Paris Hilton. They already had money from family, then used that money to put themselves into the consumer's eye and marketed products and brands around themselves. Nice gig if you can get it.
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Feb 15, 2016 15:05
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BloodBag posted:How is she worth so much? What, exactly, does she do? I guess all I need to do is make a sextape and I'll get rich & famous too, right? It worked for Kim Kardassian and Paris Hilton. Her mobile game somehow brought in $200m in revenue
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Feb 15, 2016 15:56
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You can get rich for being famous and vice versa. A vicious cycle, to be sure.
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Feb 15, 2016 15:59
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Hashtag Banterzone posted:Her mobile game somehow brought in $200m in revenue It turned out to be far less. They were using some really fanciful projections (like assuming it'd have Farmville levels of addiction). I read that each Kardashian makes roughly 15 million a year from the reality show. They can also make millions in appearance fees. During her peak, Paris Hilton made about 10 million a year just doing that. They'll fly out to open a supermarket in Dubai or some poo poo for a quarter of a million dollars.
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Feb 15, 2016 16:13
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Krispy Kareem posted:It turned out to be far less. They were using some really fanciful projections (like assuming it'd have Farmville levels of addiction). I hate the culture that the US exports. gently caress this poo poo is so stupid.
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Feb 15, 2016 17:39
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Krispy Kareem posted:It turned out to be far less. They were using some really fanciful projections (like assuming it'd have Farmville levels of addiction). Please tell me they used run rate. 
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Feb 15, 2016 17:49
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tumblr hype man posted:Please tell me they used run rate. Every time I hear that term I twitch. It's corporate BWM.
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Feb 15, 2016 17:53
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BloodBag posted:I hate the culture that the US exports. gently caress this poo poo is so stupid. Culture isn't exported, it's imported.
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Feb 15, 2016 17:55
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How low can you go? Kanye West claims to be $53m in debt, and asks Mark Zuckerberg for help http://www.theguardian.com/music/2016/feb/15/kanye-west-53m-debt-mark-zuckerberg-larry-page-martin-shkreli https://twitter.com/kanyewest/status/698926987281371136 r0ck0 fucked around with this message at 18:11 on Feb 15, 2016 |
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Feb 15, 2016 17:55
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Dr. Eldarion posted:Every time I hear that term I twitch. It's corporate BWM. Run rate works for cost savings.
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Feb 15, 2016 17:58
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Subjunctive posted:Culture isn't exported, it's imported. Our people are now buying your blue jeans and listening to your pop music. We fear the rest of the world will succumb to the influence of your culture.
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Feb 15, 2016 18:12
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r0ck0 posted:How low can you go? Eat the rich
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Feb 15, 2016 18:36
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dammit Yeezy, that's some Late Registration poo poo
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Feb 15, 2016 18:38
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BEHOLD: MY CAPE posted:Kanye West may have various debt obligations totaling $53 million but that probably does not mean his net worth is negative $53 million Ding Ding Ding... It is said how the press was unable to accurately communicate the above to the public. Debt isn't intrinsically bad, when you're rich it is a powerful tool
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Feb 15, 2016 18:41
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Foma posted:Ding Ding Ding... It is said how the press was unable to accurately communicate the above to the public. Debt isn't intrinsically bad, when you're rich it is a powerful tool When the 'press' is actually 'some idiot posting a blog page of rich assholes' tweets', I think it's not much of a stretch to think they don't understand financial terms. I bet they actively shy away from too much money to avoid more taxes too.
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Feb 15, 2016 18:49
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Tigntink posted:Our people are now buying your blue jeans and listening to your pop music. We fear the rest of the world will succumb to the influence of your culture. I'm not American; basically nobody imports my country's culture.
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Feb 15, 2016 18:50
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The real hilarity is that his ideas have led to 53 million in debts, and he wants a billion invested in his ideas. Sounds like a good investment.
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Feb 15, 2016 19:11
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I wonder if there's going to be an airbnb bubble in Houston now that Oil & Gas is going tits-up. Interesting read on the Houston reddit: herequote:I purchased the home coming back from an oil & gas assignment, and lived there for just over a year. After...ahem...losing the oil & gas gig, I was a little panicky about shouldering the mortgage. When I finally did get another job, I couldn't afford the house but couldn't stomach the idea of paying a realtor 5 figures to sell it for me. He says that he's making $6,000 in revenue a month on this unit. The only wrinkle I can see comes from the same direction the ridesharing wrinkles come from: Insurance. quote:Most insurers ambiguously cover / do not cover AirBnB tenants. So, you can get a landlord policy, but then when you make a claim you may end up hearing that "sorry, but you were running a business, and we don't cover commercial liability." He goes on to handwave that point away and links to an insurance agency specifically for this type of thing.... and then doesn't use it because it's expensive. It's okay because quote:Either way, AirBnB says they have your back with a million dollar policy. Don't the ridesharing firms say that and go on to weasel their way out of paying for anything? So, housesharing economy...BWM?
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Feb 15, 2016 19:17
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BloodBag posted:Don't the ridesharing firms say that and go on to weasel their way out of paying for anything? AirBnB offers two things: $1M in liability coverage for claims brought by the guest, and $1M "host guarantee" for damage to the accommodation by a guest. Reading over the policy, the exclusions seem reasonable enough to me (cash, pets, crops, damage caused by war, etc). I hadn't read the policies in detail until today, and I've never used the service, so you may be aware of some wrinkle that I'm not!
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Feb 15, 2016 19:36
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The host guarantee doesn't cover bed bugs, apparently gently caress bed bugs
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Feb 15, 2016 19:49
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Seems to me that airbnb bubble would be burst pretty quickly, because if there's less demand for housing in Houston/more businesses going under, who's going to be renting all of these airbnbs anyhow?
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Feb 15, 2016 19:51
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Nail Rat posted:Seems to me that airbnb bubble would be burst pretty quickly, because if there's less demand for housing in Houston/more businesses going under, who's going to be renting all of these airbnbs anyhow? People don't rent AirBnB where they live, so presumably people visiting from other less-petro places for a bit of downmarket disaster tourism.
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Feb 15, 2016 19:56
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Nail Rat posted:The real hilarity is that his ideas have led to 53 million in debts, and he wants a billion invested in his ideas. Sounds like a good investment. The real hilarity is anyone taking what Kanye posts on Twitter even remotely at face value
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Feb 15, 2016 20:00
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Barry posted:The real hilarity is anyone taking what Kanye posts on Twitter even remotely at face value You're right, whatever he tweeted about is probably far worse. We may even see someone repossess his $750k of gold toilets.
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Feb 15, 2016 20:16
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