Antonymous posted:

its not related but Kucinich's wife is over 6 feet tall and well, look at them together lol



he's always hugging her and getting doted on like a little kid but he looks like a gremlin, I love it

Relevant Tangent posted:

1776 was the pivot point
all of this is the result of the stolen land and peoples

Penisaurus Sex posted:

“How Europe Underdeveloped Africa” by Walter Rodney

“Open Veins of Latin America” by Eduardo Galeano

I’d also recommend “A Certain Amount of Madness: The Life Politics and Legacies of Thomas Sankara” by Amber Murray

Jel Shaker posted:

box of rocks labelled nickel in the vault at the bank has been financially engineered to be worth $4 billion, just don’t look inside, the whole economy will collapse!

DancingShade posted:

Listened to one anaylst who reckoned "70-08% of the publicly traded S&P 500 are worthless".

I'm sure it was just hot air, didn't mean anything, haha. Love a good laugh we do.

fits my needs posted:

https://twitter.com/KITV4/status/1638058801294082048?s=20

i say swears online posted:

jesus christ paul volcker was 6'7"

PoundSand posted:

What savings? The couple grand of stimi checks? The unemployment benefits that ended 2 years ago?

And honestly what wages? Sure I guess I saw a spike in the lowest paying jobs, like I saw fast food places in my area advertising as high as like 18 bucks, but that's still not enough money to have hoarded some sort of imaginary warchest. A lot of people even lost money, I know my wife's university cut salaries by almost 10% across the board, those never came back. My job didn't cut wages per se but they did put a freeze on raising them ("due to hard times") and changed various corporate policies that were all effective pay cuts nothing huge but just getting nickeled and dimed.

Did tech just boom so hard everyone's estimates are way off or is this just something all financial reporting has decided to lie about for reasons?

fits my needs posted:

https://twitter.com/KITV4/status/1638058801294082048?s=20

Mr Hootington posted:

webcams for christ posted:

the US is absolutely bleeding-edge in designing new ways to transfer wealth upward.

unrelated: Strong & Stable

https://twitter.com/LizAnnSonders/status/1638137304387670016

Mr Hootington posted:

Marco posted:

• "Marco" works at Credit Suisse.
  
• He is disappointed by the events of the last few days, and he blames the media.
  
• So far, he hopes to keep his job. He hasn't written any applications yet.
  
• Marco is between 20 and 30 years old.

"There was a hunt for CS".

For me, one thing is clear: The fact that it has come to this point at all is not primarily due to the incompetence of the CS management. Rather, our society and the media are to blame. Last week, the head of the Saudi National Bank said that he didn't think Credit Suisse needed new capital because the numbers were good. After that, the numbers tanked. Not primarily because he said that, but because the media twisted his words.

They are responsible for this crash, because in recent weeks and months there has been a veritable hounding of CS. This permanent bashing in virtually all media has shaped the image of CS among the population - and accordingly also among our clientele. In my opinion, 20 Minuten and Inside Paradeplatz were the worst. Our air was cut off and our image went down the drain.

In my opinion, it wouldn't have come to this if the media had reported more neutrally. Many words were twisted, untruths were spread. A lot of damage was done because the media only focused on the clicks. And I'm not just talking about CS - the Swiss financial center as a whole has also suffered.
...
"This is the saddest thing that could happen," I've heard a few times now. Most of the people I've spoken to don't like the idea of soon being a UBS employee at all.
...
I'm not leaving the boat anytime soon. I am not actively looking for a job yet. But my CV would be ready. First, I want to know what it's really like and what's going on behind the scenes. I want to stay at CS as long as that's possible. Because the job at CS is one of the most awesome things that has ever happened to me. We were actually always motivated to become the best bank again.

Morbus posted:

"money isn't real", i assure myself as i close my eyes and ram the 21st century with my lovely empire

webcams for christ posted:

this is anti-Irish racism

https://twitter.com/business/status/1638089051986178050

coelomate posted:

“but my depositors were made whole” the CFO says as he is unemployed and embarrassed by the downfall of his bank?

like management are capitalist ghouls and will be fine, but they still want to avoid getting canned when their venture goes up in smoke

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

webcams for christ posted:

Swiss media interviewing junior CS employees on what went wrong: "it was the hateful Fake Financial News and Society that failed us!"

Buffer posted:

Uninsured depositors have always taken a haircut when a bank failed

And they've had to wait until the assets were unwound for their 90% or whatever.

Marenghi posted:

The eurozone narrowly avoided a recession last year thanks to Ireland's outlandish growth.

But then about a month ago Ireland quietly revised their growth figures to near stagnation. But nobody has plugged that back into the eurozone figures. So it's likely the eurozone has already entered a recession but nobody seems interested in updating it for irelands proper growth numbers.

Nothus posted:

https://twitter.com/macronewswire/status/1638156244946141187?s=20

I Can't Believe It's Not A Recession®

coelomate posted:

I don’t agree with this take. He dismisses it at the end, but the people choosing to take the risk (management, kinda shareholders) are the ones that ate poo poo before and will be if it happens again. “but my depositors were made whole” the CFO says as he is unemployed and embarrassed by the downfall of his bank?

like management are capitalist ghouls and will be fine, but they still want to avoid getting canned when their venture goes up in smoke.

On top of that, depositors have more or less always been implicitly protected in our system by the feds doing shotgun marriages and the like when things get dicey. It’s hardly a new paradigm, just temporarily more explicit.

Buffer posted:

We're going to kill the very concept of money in order to prevent rich people from losing anything and I am very excited for it.

webcams for christ posted:

the US is absolutely bleeding-edge in designing new ways to transfer wealth upward.

unrelated: Strong & Stable

https://twitter.com/LizAnnSonders/status/1638137304387670016

In Training posted:

How does Liz Ann Sonders know what dates to align this graph to...what's she hiding from us.

coelomate posted:

This is not at all true! It could be true for any given failure, but it hasn't been for over a decade. In 2008, IndyMac uninsured depositors had losses, but nobody has since then: https://www.americanbanker.com/opinion/will-fdic-keep-protecting-failed-banks-uninsured-deposits

And there have been a lot of failures! Always something orchestrated to protect even the uninsured. It's much more unusual for uninsured depositors to take a loss.

fits my needs posted:

https://twitter.com/KITV4/status/1638058801294082048?s=20