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Stravag posted:Bitch im laughing harder now 
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Mar 12, 2023 21:02
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Nuclear Tourist posted:Joke's on them, my retirement plan is already "work until I drop dead". Ditto. If I’m lucky it’ll be more like “work part time on interesting projects” and less “I have to work at Walmart / grocery store to keep a roof over my head and gas in the car to run to the food bank” But my mindset since I was 16 was that any safety net will be inadequate for me in my old age.
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Mar 12, 2023 21:58
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haha yall think we'll get to get old
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Mar 12, 2023 22:15
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shame on an IGA posted:haha yall think we'll get to get old
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Mar 12, 2023 22:15
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In an early episode of the Rooster Teeth Podcast, Gus was talking about how shortly after they became a real company they had a retirement planner come in and give a talk. Gus told the planner that his retirement plan was to die at 40. "What happens if you don't?" "I dunno. Buy a shotgun?" Gus is 45 now so I guess he changed his retirement plan.
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Mar 12, 2023 22:27
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Nuclear Tourist posted:Joke's on them, my retirement plan is already "work until I drop dead". And I'm genX, if I'm that hosed, I can barely conceive how bad its going to get for younger generations.
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Mar 12, 2023 22:29
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Solidarity to my fellow genX wage slaves. Work will set us free.
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Mar 12, 2023 23:12
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facialimpediment posted:For about 30 seconds, I was thinking "hmm... why are only the $250K deposits insured, how the gently caress do businesses handle banking?" I immediately snapped out of it once I thought about what banks would actually do with that deposited money if they knew there would be an inevitable federal takeover and bailout of all the companies with those accounts. This and the jokes and photoshops after are one of the reasons I’m still on twitter. People will self-own on there until the place is fully gone.
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Mar 12, 2023 23:20
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https://twitter.com/BrendanPedersen/status/1635044322692468736 Reading between the lines, this likely means that SVB probably didn't get a buyer, but there's likely enough on-hand to cover all of the depositors (but still likely gently caress over the investors/shareholders). Or, FDIC has a backstop from the Federal Reserve and they're all fine with printing the money. I'll need a few more hours to come up with a solid opinion. This sounds like the edge of a bailout, but not quite, and they're making a lot of Federal Reserve money available to banks to prevent more bank runs for tomorrow and onwards. And it doesn't really fix the problem of these regional banks getting deregulated in the first place and VC bros having so much ability to kill things. meh, I guess also, Signature Bank, basically the one bank that was legally allowed to do crypto things in the USA, has officially been unwound and closed, so this is a definite net good: https://twitter.com/edzitron/status/1635045477992517632 Edit: early opinion is still meh, VCs won and got a bailout funded by increased FDIC fees/taxes, but VCs are still hosed because their capital is toast due to the Fed's interest rates anyways. And the Fed's new loaning stuff is probably a solid way to stop bank failures due to a techbro rush. facialimpediment fucked around with this message at 00:05 on Mar 13, 2023 |
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Mar 12, 2023 23:30
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Nick Soapdish posted:https://twitter.com/popespeed/status/1634947915994247168?t=dG7NEk0aMfbLbYJQvXM4Ng&s=19 I remember reading about how someone was selling a Koch brother $400k in counterfeit wine, and think of it whenever someone the term “victimless crime” comes up. Dang it I looked it up and it’s dumber than I remember: quote:Con artists who foist fake wine on vulnerable collectors willing to pay huge sums for it have been a little nervous since Bill Koch got swindled. The billionaire member of the famous Koch family says he spent $35 million to find those responsible for the four bottles of wine supposedly owned by Thomas Jefferson that cost him $400,000… quote:"I just had to have them," Koch told "20/20" in an interview conducted in the elaborate wine cellar of his oceanfront mansion in Palm Beach, Florida. "Then I’d open it up and drink it and it was dish water or moose piss." quote:Like all con men, Kurniawan made mistakes. He created a 1945 bottle of wine from a particular vineyard that the chateau that produced the real wine did not use until 1982.
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Mar 13, 2023 00:03
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That sounds about right, the powerful will expend resources a hundredful over the harm a slight might cause, and it's still only the merest fraction of their wealth.
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Mar 13, 2023 00:23
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Hyrax Attack! posted:Dang it I looked it up and it’s dumber than I remember: What this is saying, is there was a time you could go and sell this man a bottle of piss, claim it was a bottle of Millard Fillmores bathtub gin and make a cool quarter million? lol. lol I say edit: I suppose this makes wine collecting the dumbest thing ever in my esteem, because apparently you can just sell this poo poo and no one would know til they drank some and potentially ruined the value. Defenestrategy fucked around with this message at 00:54 on Mar 13, 2023 |
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Mar 13, 2023 00:51
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Defenestrategy posted:What this is saying, is there was a time you could go and sell this man a bottle of piss, claim it was a bottle of Millard Fillmores bathtub gin and make a cool quarter million? lol. lol I say Its even dumber if you look at the research. Price alone can make wine taste better, blind taste tests show expensive wines don't really fare any better than much cheaper wines. Also there's no guarantees it was stored properly. Chinese wine fraudsters are also able to replicate a taste profile and make it indistinguishable.
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Mar 13, 2023 01:15
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Why it was a bailout: Treasury (taxpayers) is on the ultimate hook if/when funding runs out Why it's not a bailout: FDIC/feds have $100B on-hand because of the 2008 bank reform specifically for poo poo like this Why it was a bailout: that fund is paid for by banks, which pass on the costs to anyone with a bank account Why it's not a bailout: Depositors are 100% whole, equity/shareholders are 100% hosed Why it's a bailout: zero major consequences for the VCs that got obvious sweetheart deals or the bankers that gave them VC is forever now a bunch of welfare queen crybaby fake libertarians and never let them forget it. It's the one good side effect of the federal reserve rate increases that the VC money train just derailed and it was full of hazmat.
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Mar 13, 2023 01:22
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AreWeDrunkYet posted:Yeah, about that... Print this out on poster board put it on one of those easels that members of Congress love. You can’t tell me that life expectancy is lower now than it was in 1997 but also so high that it’s a critical problem. It was higher than it is now that for a solid quarter century.
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Mar 13, 2023 01:22
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facialimpediment posted:Why it was a bailout: Treasury (taxpayers) is on the ultimate hook if/when funding runs out There's a good quote circulating that "there are no libertarians in a bank run."
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Mar 13, 2023 01:24
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Defenestrategy posted:What this is saying, is there was a time you could go and sell this man a bottle of piss, claim it was a bottle of Millard Fillmores bathtub gin and make a cool quarter million? lol. lol I say Yeah, kinda seems like part of the mistake was replacing it with terrible quality stuff he made himself that anyone could tell was off. If he’s grifting at that level why not get some $100 wine from Costco as the substitute? Still wouldn’t fool an expert but a plutocrat trying to show off would at least have something that tasted good and would feel less need to follow up.
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Mar 13, 2023 01:32
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Stravag posted:Bitch im laughing harder now Where's that bender gif when you need it
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Mar 13, 2023 01:40
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Hyrax Attack! posted:Yeah, kinda seems like part of the mistake was replacing it with terrible quality stuff he made himself that anyone could tell was off. If he’s grifting at that level why not get some $100 wine from Costco as the substitute? Still wouldn’t fool an expert but a plutocrat trying to show off would at least have something that tasted good and would feel less need to follow up. If you had the chance to make a koch drink moose piss would you waste your opportunity on sutter home
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Mar 13, 2023 01:59
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https://twitter.com/TheStalwart/status/1635200053496393728?t=S-MXHHwFjk8DLNtZgAHStg&s=19 Explains why the fed set up the loaning backstop because the midsize banks sure aren't going to be able to raise money by making more stock shares available  Edit: oh hey, here's the quote https://twitter.com/sonalibasak/status/1635263171807309824?t=TbOde6tGsr5DxweD21CBQQ&s=19 facialimpediment fucked around with this message at 14:13 on Mar 13, 2023 |
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Mar 13, 2023 11:54
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facialimpediment posted:https://twitter.com/TheStalwart/status/1635200053496393728?t=S-MXHHwFjk8DLNtZgAHStg&s=19 I am pretty sure at least one FT employee is a goon and possibly all of the Alphaville team. They linked to a forums thread sometime recently-maybe slenderman?
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Mar 13, 2023 17:40
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the horse pasters are buying the farm https://twitter.com/VICENews/status/1635258925133201410?t=UqZhnp18IOwE7OF3yazuWQ&s=19
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Mar 13, 2023 19:12
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Wait, you mean taking dog medicine is a stupid loving idea? Never would have guessed.
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Mar 13, 2023 19:35
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some of those that work forces eat a paste that's for horses
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Mar 13, 2023 19:59
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shame on an IGA posted:some of those that work forces
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Mar 13, 2023 20:05
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Did I open the August 2021 Current Events thread? WTF people are still doing that?!
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Mar 13, 2023 20:12
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Hey I take fish pills every day, ain’t so different. Besides the fatalities.
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Mar 13, 2023 20:14
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Covids a parasite, a Chinese government conspiracy, and Fauci is a liar
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Mar 13, 2023 20:15
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Kaiser Schnitzel posted:I am pretty sure at least one FT employee is a goon and possibly all of the Alphaville team. They linked to a forums thread sometime recently-maybe slenderman? link FT article that is linking to SA?
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Mar 13, 2023 20:19
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Covfefe!
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Mar 13, 2023 20:20
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shame on an IGA posted:some of those that work forces Hey, if you can’t google wtf you’re taking in TYOOL 2023, I dunno what to tell you
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Mar 13, 2023 20:25
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facialimpediment posted:the horse pasters are buying the farm ivermectin influencer? more like influenza 
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Mar 13, 2023 20:38
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 has allegedly declined to testify in New York, which CNN seems to believe will cement that an indictment is coming.
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Mar 13, 2023 20:46
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Zamujasa posted:ivermectin influencer? more like influenza Iverfluencer.
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Mar 13, 2023 20:48
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Lake of Methane posted:Did I open the August 2021 Current Events thread? WTF people are still doing that?! Dead guy had been taking wormer daily since 2012 to treat Lyme Disease (also off label)
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Mar 13, 2023 20:51
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here lies danny, took horse wormer and paste away
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Mar 13, 2023 20:52
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I know I shouldn't be shocked or surprised by this anymore, but even after Biden made the pledge to have no more oil drilling on federal lands, it's seriously loving disappointing that his administration just approved one of the largest drilling projects on Arctic land.
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Mar 13, 2023 23:05
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In less depressing current events, the tesla semis bought by pepsi are basically useless, can only tow loads of chips for a fraction of the claimed mileage, and there have been eight instances already of the trucks requiring a tow.
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Mar 13, 2023 23:21
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I really hope that leaves a market hole for competently made electric semis instead of poisoning the market. There will be a role for diesel until 2075, but urban delivery is not one of them.
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Mar 13, 2023 23:32
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M_Gargantua posted:I really hope that leaves a market hole for competently made electric semis instead of poisoning the market. Postal office is buying 10k e-transits, so it's not all bad. E-transits actually don't have amazing range because they had to shoe-horn a battery onto a frame that was made for other stuff, but still, that's some gasoline off the roads.
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Mar 13, 2023 23:34
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