MonsieurChoc posted:

Somehow, Ea-Nasir has returned.

Kreeblah posted:

Citi's been loving poo poo up for years. Back when they got the Costco credit card contract, there were a ton of rumors going around that one of the terms was that they process transactions from Costco Visa cards for free, and other Visa cards at a very, very low rate.

https://viewfromthewing.com/how-much-citibank-and-visa-actually-overpaid-to-win-the-costco-business-away-from-amex/

Nobody else was desperate enough to offer that, and AmEx didn't want to do it.

quote:

While Costco will still incur small fees on Visa cards issued by other banks, incentives from Citigroup and Visa will offset them, the people said.

Vox Nihili posted:

Teabag Dome Scandal posted:

Citi?! Is my Costco credit card safe???

Vox Nihili posted:

MonsieurChoc posted:

Somehow, Ea-Nasir has returned.

Eric Cantonese posted:

The "split the baby" seems to be a 25 point increase and then announcing that they'll see where it goes from there, with some nice cuddly words about valuing the stability of the financial system. I'm not sure what else they can do because potentially igniting more bank runs is not good.

webcams for christ posted:

https://twitter.com/ywegelin/status/1637806270466912256

coelomate posted:

Penisaurus Sex posted:

Depending on how seriously you take reporting around that time Citi was the bank everyone wanted to blow up in 2009ish.

Geithner and the rest of the dem leadership sandbagged it and let them skate by because the Democratic party was very deep into Citi financially, but they were one of the biggest offenders in general after Lehman blew up.

quote:

One month before the presidential election of 2008, the giant Wall Street bank Citigroup submitted to the Obama campaign a list of its preferred candidates for cabinet positions in an Obama administration. This list corresponds almost exactly to the eventual composition of Barack Obama’s cabinet.

The memorandum, revealed by WikiLeaks in a recent document release from the email account of John Podesta, who currently serves as Hillary Clinton’s campaign chair, was written by Michael Froman, who was then an executive with Citigroup and currently serves as US trade representative. The email is dated Oct. 6, 2008 and bears the subject line “Lists.” It went to Podesta a month before he was named chairman of President-Elect Obama’s transition team.

The email was sent at the height of the financial meltdown that erupted after the bankruptcy of Lehman Brothers on September 15. Even as Citigroup and its Wall Street counterparts were dragging the US and world economy into its deepest crisis since the 1930s, they remained, as the email shows, the real power behind the façade of American democracy and its electoral process.

Froman’s list proved remarkably prescient. As it proposed, Robert Gates, a Bush holdover, became secretary of Defense; Eric Holder became attorney general; Janet Napolitano, secretary of Homeland Security; Rahm Emanuel, White House chief of staff; Susan Rice, United Nations ambassador; Arne Duncan, secretary of Education; Kathleen Sebelius, secretary of Health and Human Services; Peter Orszag, head of the Office of Management and Budget; Eric Shinseki, secretary of Veterans Affairs; and Melody Barnes, chief of the Domestic Policy Council.

For the highly sensitive position of secretary of the Treasury, three possibilities were presented: Robert Rubin and Rubin’s close disciples Lawrence Summers and Timothy Geithner. Obama chose Geithner, then president of the Federal Reserve Bank of New York. Geithner, along with Bush Treasury Secretary (and former Goldman Sachs CEO) Henry Paulson and Fed Chairman Ben Bernanke, had played the leading role in organizing the Wall Street bailout.

Rubin had served as Treasury secretary in the Bill Clinton administration from 1995 until 1999, when he was succeeded by Summers. In that capacity, Rubin and Summers oversaw the dismantling of the Glass-Steagall Act (1933), which had imposed a legal wall separating commercial banking from investment banking. Immediately after leaving Treasury, Rubin became a top executive at Citigroup, remaining there until 2009.

A notable aspect of the Froman memo is its use of identity politics. Among the Citigroup executive’s lists of proposed hires to Podesta were a “Diversity List” including “African American, Latino and Asian American candidates, broken down by Cabinet/Deputy and Under/Assistant/Deputy Assistant level,” in Froman’s words, and “a similar document on women.” Froman also took diversity into account for his White House cabinet list, “probability-weighting the likelihood of appointing a diverse candidate for each position.” This list concluded with a table breaking down the 31 assignments by race and gender.

Citigroup’s recommendations came just three days after then-President George W. Bush signed into law the Troubled Asset Relief Program, which allocated $700 billion in taxpayer money to rescue the largest Wall Street banks. The single biggest beneficiary was Citigroup, which was given $45 billion in cash in the form of a government stock purchase, plus a $306 billion government guarantee to back up its worthless mortgage-related assets.

Then-presidential candidate Obama played a critical political role in shepherding the massively unpopular bank bailout through Congress. The September financial crash convinced decisive sections of the US corporate-financial elite that the Democratic candidate of “hope” and “change” would be better positioned to contain popular opposition to the bailout than his Republican rival, Senator John McCain of Arizona.

As president, Obama not only funneled trillions of dollars to the banks, he saw to it that not a single leading Wall Street executive faced prosecution for the orgy of speculation and swindling that led to the financial collapse and Great Recession, and he personally intervened to block legislation capping executive pay at bailed-out firms.

MonsieurChoc posted:

Boy am I glad I went back to school tog et an IT degree cause I got tired of being disposable as a video game QA tester!

shrike82 posted:

https://twitter.com/Reuters/status/1637885578392772617?s=20

MonsieurChoc posted:

Boy am I glad I went back to school tog et an IT degree cause I got tired of being disposable as a video game QA tester!

Justin Tyme posted:

turning credit suisse into a crypto scam bank is exactly the thing the world's economy needs right now

KillerFuzzball posted:

They rolled out an update that killed the versa 2’s heartbeat sensor, if it didn’t brick it entirely. You can’t roll it back, and all they did about it was offer $35 off of a new one. gently caress em.

Xaris posted:

good news, now you can be a disposable video game computer toucher instead

although for real there's still a ton of easy office computer toucher jobs if you're willing to take a 35k-70k range. still beats working at walmart or target

virtualboyCOLOR posted:

anyone who buys products that are “cloud based” or “app powered” deserves what they get.

technology today is cheap and easy to roll your own that your only excuse for getting these lovely devices is that you love capitalism.

FistEnergy posted:

I'll be pretty disappointed if more dominos don't fall over this week

quote:

...In a survey of more than 1,000 hiring managers last summer, 27% reported having job postings up for more than four months. Among those who said they advertised job postings that they weren’t actively trying to fill, close to half said they kept the ads up to give the impression the company was growing, according to Clarify Capital, a small-business-loan provider behind the study. One-third of the managers who said they advertised jobs they weren’t trying to fill said they kept the listings up to placate overworked employees.

actionjackson posted:

just got a new job

remote doing biostatistical consulting for academia

Glumwheels posted:

What happens to those mortgages at SVB?

actionjackson posted:

just got a new job

remote doing biostatistical consulting for academia

Relentlessboredomm posted:

There’s a lot of cities where you don’t have to fork over nearly as much upfront to rent. NYC is the loving devil on that front but I’ve lived in DC, Denver, and a host of mid sized cities and you can get away with <$1k upfront a good amount. poo poo I managed to get a place outside of Boston with $1 bc of credit and timing (they just opened and were desperate to fill units)


I was just looking at houses again, bc I’m an idiot, and there are straight up zero houses in any cities in the region that would be cheaper than rent. I can’t believe it but I regret not buying in 2018 when I considered it. I barely had the income then, but I would’ve kept a monthly payment just under $2k which would be incredible today.

Father Wendigo posted:

Enterprising Californians beat Gavin Newsome to solving the homeless crisis by using one simple trick!

https://twitter.com/OnlyBangersEth/status/1637585710285717504?t=zf_tjTtzCXrqkAdhF-_LqA&s=19

SourKraut posted:

congrats! and sounds interesting?

Mola Yam posted:

i realise that's not being granted full title after 30 days, but that seems like a really short period to get anything, i'm surprised its so in favour of squatters.

in australia, it's like 15 years of continuous documented occupation to get the property title transferred.

Orvin posted:

One of my coworkers had a two flat in Chicago, and did Air B&B for the second floor for awhile. He wouldn’t let anyone rent for over 2 weeks, as he didn’t want to come anywhere near the one month tenants rights thing. And that was like 5 years ago.

JamesKPolk posted:

I think squatters rights here is being used as a euphemism for tenants rights, rather than for adverse possession (which is usually around 10 years here) (thats the one where you get the deed)

Father Wendigo posted:

Enterprising Californians beat Gavin Newsome to solving the homeless crisis by using one simple trick!