238
Commenter: Meet The GOP
Commenter's Site: https://www.tamra.nyc/cclc
Comment Date: Oct 25, 2013 8:57pm EST/NYC

Original comments from previous format: https://www.tamra.nyc/cc2012/comments.php?y=12&m=04&entry=entry120413-204238

784
Commenter: Tamra Cronin
Commenter's Site: https://www.tamra.nyc
Comment Date: Nov 26, 2022 1:03pm EST/NYC

So now everyone knows: Georgia's Forsyth County area, and almost all but a small section, represented by Marjorie Taylor Greene, IS klan county.

Klan lost its mind after the election of President Barack Obama, and Greene joined team badgradestrump, with confederate pride. AVOID the area. Local non-hatriots should shop outside of the county area, or get items delivered from progressive areas of state and country. Funding the problem will not fix the problem.The area is so vile, there are a lot of blacks, who can, passing for white, and a lot of whites who refuse to get DNA tests, because it will confirm mixed-race heritage in klan county.

https://www.thedailybeast.com/marjorie-taylor-greene-came-of-age-in-this-infamously-racist-georgia-county

The marchers had been marking five years since the 1987 "Walk for Brotherhood" drew international condemnation to all-white Forsyth County. Newspaper accounts describe protesters being pelted with so many "rocks, bottles and mud thrown from a crowd of Ku Klux Klan members and their supporters" that they were forced to abandon the two-and-half mile route. Forsyth County had maintained an unwritten whites-only policy dating to 1912, when white vigilantes lynched a black man and drove out nearly all of the African American residents. The county's reputation as too dangerous for Black folks to even drive through—a courthouse lawn sign in the 1950s and '60s warned "N---er, Don't Let the Sun Set on You" — was well earned. ''I have been in the civil rights movement for 30 years," Hosea Williams, an acolyte of Martin Luther King Jr and organizer of the Forsyth County march, told the New York Times in 1987. "I'm telling you we've got a South Africa in the backyard of Atlanta, Georgia." https://www.thedailybeast.com

Forsyth County today is nearly one-quarter Asian and Hispanic. But only 4 percent of its denizens are Black, in a state where one-third of the people are Black. The county was recently ranked one of the richest counties in Georgia, its grand houses and country clubs obscuring a history of Black bloodshed and standing on sites once occupied by Black churches and homes. That land was long ago stolen from Black folks during a campaign of terror that has been called "the most successful racial cleansing in U.S. history." https://www.thedailybeast.com

Marjorie Taylor Greene's most outlandish quotes—about fire-starting Jewish space lasers and 9/11 fakery—have gotten endless pickup, perhaps because they make her seem like a newfangled breed of far-out crackpot. But Greene's ideas about Black folks aren't innovative or creative, they're just garden-variety, old-school racism. Greene is, of course, a birther who has claimed Barack Obama is a secret Muslim. In a video unearthed this January, she claims that "being in gangs and dealing drugs is what holds" Black and Hispanic men back, concluding "it's not white people." She once stated that there are "white people that are as lazy and sorry and probably worse than Black people," an assessment she probably considers a generous concession. Greene has called Black voters "slaves to the Democratic Party"—racists always love a slavery allusion—and suggested African Americans should be "proud" of monuments to Confederates because they're supposedly a reminder of how far Black folks have come. https://www.thedailybeast.com

799
Commenter: TamraNYC
Commenter's Site: https://www.tamra.nyc
Comment Date: Feb 19, 2023 10:15pm EST/NYC

Was I right... or was I right??!!

So um low-life confederates just found out they've been the new money-making slaves for Fox News? I guess this is why Faux New needed internalized racists. They were missing a market share (black voters) & assumed ALL were stupider than Hannity/Fox. https://www.huffpost.com/entry/rupert-murdoch-american-citizenship-deport-twitter_n_63f15168e4b0c87f32f1abd2

Fox News has become GOP's political cash cow for ignorance. This explains why today's Strom Thurmond-GOP is against education & equality: they want/need obedience, control, like their fav person, Putin.But what I wanna know: who profited from all the Trump flags, stickers, hats, trinkets, etc., all made in China, by the way? That mofo is sitting somewhere laughing their ass off. Or rushing to space before the 3x losers figure it out.That Southern Manifesto playback gets the #prolife, fake Christian, white supremacist crowd riled up every time. Private jets to Capitol/#J6-riled up, so stupid they believed badgradestrump owned Capitol, all of America, including FBI. https://www.thirteen.org/wnet/supremecourt/rights/sources_document2.html

While America advanced through jobs, education, civil rights & access to technology for more non-whites & women, confederates & Jim Crow benefactors sat around & sold hate & memberships to each other, w/ loyalty pledges. Loyalists are now #J6 convicted fools. Even David Duke had to pay up in court after Charlottesville riot. Duke fell for his own Southern Manifesto/Dixiecrat playbook. https://www.huffpost.com/entry/david-duke-charlottesville-rally-trump_n_598f3ca8e4b0909642974a10

And after all his 9/11 bs, badgradestrump & bad grades Kushner "sold" US to Saudis, because their cash cow Putin is losing faster than Fox News fans sent theirs in! Grifters: "Wait 'til you see what Saudis are bringing in..." More guns, anti-civil rights? Or New USA???But, can you imagine the look on Elmer Rhodes' face as he was convicted, LOLLLLLLL and badgradestrump wouldn't even testify on Elmer's behalf, even to say, "I didn't think he was that stupid, he had a Yale law degree. But he should be locked up, someone read me his list of weapons." Rhodes texted/called badgradestrump as he was going commando on Capitol building, while looking like fools for a con artist that countless NY, FL, NJ, NV, CT living/dead victims of trump warned world about, since the 1980s! Either Rhodes is mentally challenged or just that heartless about badgradestrump's victims, so F him!

And it is hard to run for POTUS as an unknown. Fox News first started cashing in on white supremacists w/ unlimited air time to bad-grades-birther. A literal free campaign to White House w/ literal kkk coming out to vote & run too. $$ came-a-flowing. 'Memba Orly Taitz? And 'memba how much Orly had to pay for her endless birther lawsuits? She bought the Faux News birther product!And Terry Lakin? He bought everything Hannity, Tucker, Beck, Limbaugh, Ingraham, Pirro said or sold. Is this why Pirro was driving over 100mph in upstate NY? She couldn't believe the shit she had to read like a well-paid servant, & needed to scream? But Larry Elder, Juan Wms, WTF?Or is it Terry Larkin? That's how non-memorable these "birther hatriots" are, for a man who can't even show his own grades, or answer a subpoena on 1st honest request. But tell me again about black voters being too stupid? A whole ass insurrection was led based upon "The Big Lie," by persons who applaud live murders.badgradestrump & his inferior intellect fans were outraged that humans/children were upset over an ass clown, trained by Bob Kroll (cops4trump), who wouldn't stop taking a knee on a neck (murder).

Bob Kroll's Jim Crow benefactor legacy: https://www.officer.com/command-hq/news/12215638/minneapolis-police-union-head-calls-black-lives-matter-terrorist-group

https://www.startribune.com/high-ranking-black-cops-sue-minneapolis-police-department/12081986

Now internalized racist Candace Owens is selling a book based upon the same product: ignorance. Owens needs white Fox New viewers to buy her latest product. But why? She's now married to "royalty," after her first coins came from screaming "Black Lives Matter."

https://www.thetimes.co.uk/article/when-brexit-met-blexit-candace-owens-and-george-farmer-the-new-right-wing-power-couple-fjczxp5vb

https://culttture.com/2019/candace-owens-marries-george-farmer-at-a-star-studded-wedding/

And is this why journalists never called out badgradestrump & his loyalists for their white supremacy? That would be insulting to their klan-ish base, while knowing the rest of us would say, "hey mofo, watch that bs, ok!" Fox News KNEW of #J6 before J6! MO' MONEY, MO' MONEY! Even Twitter & Zuckerberg got paid. And the number of solicitations from black persons, who sounded like Jim Jones cult members, who approached w/ that #walkaway, #blaxit shit! I guess they were trying to say, "come get paid to sell hot air. I need you to fool trump & get paid" And I knew personally of 3 badgradestrump frauds and physical harm to others. Persons suffered hardships because of either not being paid/defrauded, raped as a child, & zoned out for his profits. The man had a whole fake university. 3 card Monty like a mofo!

And, speaking of "groomers," which site or source(s) (TV, print) "groomed" Buffalo Tops store shooter? His parents sure are quiet AF! Were they Fox News fans, while also living in an historic abolitionist area, including w/ John Jay & family. Jay's slapped confederates w/ education coming & going!! The #FAFO Lemmon case was hysterical: so you come into my courtroom, arguing for your slave property, w/ insurance receipt for loss of your, what, "property"?! The persons you are referencing 'loss of,' are in FREE, I HELPED THEM live THEIR best life! fck off, next!"

803
Commenter: TamraNYC
Commenter's Site: https://www.tamra.nyc
Comment Date: Feb 24, 2023 9:08pm EST/NYC

Omg Donald badgradestrump Jr. is pushing rhetoric almost 24/7. What is going on in his life? Is he keeping up the brand, to milk hatriots, for living expenses, given company's tax fraud conviction? & what does the Gug-something girl do, while he rants bigotry? Applaud? Because I can't see Don Jr. going out and applying for a job. Or does the #TrumpCrimeFamily move to their last banking source: Saudi Arabia, esp. if China, their other banking source, helps Russia. This is what happens when you grift/are owned, rather than own.

Right now, black rappers & artists, who respect badgradestrump, have actually put in more work THAN Trump & his kids, & 2 of his wives. They actually earned their mogul-hood status, while Trump is a fraud & racist. Ain't that some shit?

badgradestrump was literally filing bankruptcies during The Apprentice tapings, while selling his "racism got me started" name as a brand. Even #nyc got hustled byTrump, left holding his debt. The confederate-Vanderbilt bldg grift! #TrumpCrimeFamilyThen casinos, boxing, still badgradestrump was "broke." Because he had no money of his own to start with. You give an actual smart & successful person , an entire generational franchise is created. Trump was trash before, during & after POTUS, but found a cash cow: GOP.And knowing 3-card Monty hustler badgradestrump like #NYC does, Trump, bc he's dishonest, didn't trust GOP, so he sold US to Saudis on his way out, while keeping his fingers crossed for Putin. Now, GOP is promoting national gun, AR-15, while pushing for ONE conservative, fake-christian, regressive culture.

Through Sons of confederate Vets-Strom Thurmond-GOP, bin Laden won!

And then there's Bad Grades Kushner! Can you imagine, Chris Christie having to play nice w/ the son of Charles Kushner? Polly-ticks makes strange bedfellows, in this case, literally!

1. https://www.alternet.org/2019/03/rich-people-can-buy-their-kids-access-to-elite-colleges-and-it-looks-like-jared-kushners-father-did-just-that/
2. https://theguardian.com/commentisfree/2016/nov/18/jared-kushner-harvard-donald-trump-son-in-law
3. https://www.nytimes.com/topic/person/charles-kushner
4. https://heavy.com/news/2016/07/charles-kushner-jared-dad-ivanka-father-in-law-donald-trump-jail/
5. https://www.cbsnews.com/news/nj-scandal-sex-money-politics/
6. https://www.newyorker.com/news/news-desk/the-secret-papers-of-lee-atwater-who-invented-the-scurrilous-tactics-that-trump-normalized

822
Commenter: TamraNYC
Commenter's Site: https://www.tamra.nyc
Comment Date: Jun 6, 2023 9:10pm EST/NYC

listening to a white family member right now, as if they're Forrest Gump, b/c this piece of history really happened in front of them:"I was six (1965), there were all these angry white men outside yelling and screaming w/ tiki torches, bats and more. My father told us to stay down, don't go outside, don't pay them fools no mind."They were yelling "n*gg*rs must be stopped."

So I'm like, what happened in 1965? It should have hit me like a brick given 1964 Civil Rights Act: "now I gotta let them in my school, stores and neighborhood?" <— European migrants who moved here DURING Jim Crow/whites only. Then 1965 Voting Rights Act: "now they're gonna elect black leaders, my family didn't migrate here during equivalent of Auschwitz to be around all these...."

Enter Obama, and out came birther clown, badgradestrump, whose family led racist attacks against non-whites in Queens, as well as promoted "whites only" for profit.And now, Sons of confederate Vets have PACs with countless white supremacists funding PACs! Watch the violence as military started renaming confederate-named bases!

White people 'bout to riot, they don't like being told what to do (bans, segregation, who they can and cannot associate with - same as Jim Crow laws, designed for white male patriarchy first/only). Whites are now segregated and denied, with less rights. But they can buy all the guns wanted! Fort Hood and Fort Bragg already renamed! Two vile confederates, and Fort Lee is next up! https://www.nbcnews.com/news/amp/rcna83503

And Ft. Hood named after Mexican American too. Low-life confederates still playing chess, while people are literally playing checkers, while paying into white supremacists "family values" PACs - see "blacks for badgradestrump, "walkaway," "blaxit," internalize racist Tim Scott, or whatever they're calling themselves.Y'all be safe: because Jim Crow benefactors are buying guns like crazy around here. One 65-year-old Jim Crow benefactor here in NYC was just arrested w/a stockpile, https://abc7ny.com/queens-shooting-kew-gardens-man-charged-charles-foehner/13332122/, but called hero for shooting non-white at 2 am!! I won't be surprised if he solicited the younger person, or said something offensive, "feeling white man empowered" while armed! When your neighbors, fellow citizens are armed to a tee AND support #J6 insurrectionists, while silent about Con DeSantis as trans kids are under attack, things will only get worse. When they are that open w/ hate and violence... what does anyone think will happen next??!!

But, if they were that crazy in 1965 to protest nationally, no surprise at what hatriots just did to Capitol on #J6! https://youtu.be/3qlylxu7wvc 0:56 mark same words today, while Jim Crow benefactors are banning all that they don't like!But in my family's DNA: fighting confederates, and racism, plus family from Ireland where they were under UK rule, so they know the deal with being complacent with fascism and racism.

5
Commenter: Tamra
Commenter's Site: https://www.tamra.nyc
Comment Date: Jun 13, 2014 10:28pm EST/NYC

irony: Richard Rockefeller worked w/ PTSD victims, while Venrock staff told me to jump off a bridge AFTER funding a Ponzi schemer. but good riddance to him since Rockefellers couldn't care if I lived or died after their fraud nonsense

Richard Rockefeller killed in small plane crash in Westchester County

Friday, June 13, 2014
PURCHASE (WABC) --
Richard Rockefeller was killed when the plane he was piloting crashed near the SUNY Purchase campus Friday morning.

Family spokesman Fraser Seitel said Rockefeller, great grandson of Standard Oil co-founder John D. Rockefeller, was the only person on board. The 64-year-old, of Falmouth, Maine, was a doctor and father of two, according to the spokesman.

The plane, a 2001 Piper, was registered in Portland, Maine. It crashed on Route 120 and Cottage Road in Purchase about 10 minutes after it took off from Westchester County Airport at 8:08 a.m.

The plane struck some trees west of the airfield.

Seitel said Rockefeller had dinner Thursday night with his father, David Rockefeller, who was celebrating his 99th birthday. He was flying back to Maine Friday.

"He was an experienced pilot ... He has been flying for years," said Seitel.

Stay with 7online for the latest developments.

7
Commenter: Tamra
Commenter's Site:
Comment Date: Dec 16, 2014 6:27pm EST/NYC

Yayyyy, Pressler is done, their debt is worthless and they've spent soooo much money for something they've haven't received ONE DIME FOR since 2003. and hopefully all the other consumers wronged by them get their rewards.

704
Commenter: Tamra
Commenter's Site:
Comment Date: Sep 8, 2020 10:33am EST/NYC

Rindy Abelnour is now a minister.

Let that sink in! The devil is now preaching. She didn't give one shit about me living or dying in South Carolina, and worked with the ultimate evil, Ponzi schemer, Channler Drawdy, to insure I had NO income coming in, to ensure near-death would be painful and long-suffering.

IN FACT, not ONE christian, employed at SteelEye/Lifekeeper, gave a shit. The CHRISTIANS spent more time judging and manipulating lives of others, and ZERO time helping others, who weren't running a Ponzi scheme and preying on others. Got JESUS? NOPE!

But perhaps through church, Rindy will learn honesty, ethics, integrity. WAIT, did I just write that? A confederate-loving, christian... learning honesty, ethics and integrity. Well, that will never happen. Venrock would sooner develop a conscience before Rindy OR Troy Reed, another FAKE christian.

754
Commenter: Tamra
Commenter's Site:
Comment Date: Mar 20, 2022 9:28am EST/NYC

I just realized I knew when I lost all faith in corporations, as in, discovering that "show up, work, do/be the best, and help out without complaining, and all will work out fine" is a lie. No one can ever say, I never worked for them, and often worked grossly underpaid. But that was never enough, for persons who enter a company with their own personal ideology games at businesses expense.

Many companies fail because of internal problems created by Professional Time Wasters - you know who they are, they're standing around the water cooler all day long,
constantly going to the bathroom,
constantly stopping to ask non-stop personal questions ("it's called team building" while I'm wondering what are YOU paid to do, seriously???),
constantly scheduling meetings which have no agenda, but they just wanna "touch base" with persons actually working (have shit to do besides sit in a meeting),
constantly taking off for family reasons, and
constantly turning the office into their personal soap opera, gossip, backstabbing and all.

AIN'T NOBODY BLACK GOT TIME FOR THAT! We are held to different standards, always, and cannot be on that "office politics team", as we are the first on chopping block, no matter how many skills, or years of loyalty thrown in. And a black office gossip is a lot less valuable than a white office gossip, who knows how to drain everyone's time and make the company revolve around their personal problems.

But I lost faith in corporations when my incredibly talented boss, Malcolm at Quixi-NYC, was fired by someone (management) who actually had "TCP/IP" as a skill on his 4-page resume. This is the SAME manager who DEMANDED that we install our monitoring system on the SAME network being monitored. We all just looked at him, especially our boss, because all of our first thoughts: how would you know if the network you're monitoring is down, if it's on the same network??? That question was then stated verbally by our manager, and the question was dismissed by the "great almighty Anwar". Anwar then targeted our boss for termination, because Anwar's skillset was exposed, making him think his job was vulnerable, VERSUS Anwar keeping intelligent employees around who make him AND the company look good.

After my boss was fired, I knew what was next: micromanage - as in two persons doing one job (mine), while I'm doing MULTIPLE jobs, because "we just can't find anyone else right now" (slavery). With a throbbing jaw and neck, from a botched dental procedure, a reverse root canal courtesy of a Gary Johnson (Central Park South), I had to work, no time off, while Becky planned her wedding, on the job! It took a while to get to another dentist, after not even having time to find one, just to have his work undone. Biggest regret, not going back to my primary dentist, who referred me to Mr. Reverse Root Canal, to show them what was done, to fix it immediately. I still, to this day, do not believe that person was a dentist. ONLY in NYC, even at Central Park South.

There was no way in hell I was going to jump through hoops, or play "office insecurity games" with someone that our entire team didn't respect. I was already getting home at 11pm, AND working on weekends, for no extra pay.

I had already gone above and beyond, and it meant dick at any company, because of the ethics of the company - persons looking out for self, persons who didn't show up to work, persons who used the office as their crisis centers (we all have to stop and talk about the caterer that didn't show up, and they had to whip something up for 20-guests. poor them! ) I wonder what a fresh-outta-college student, sitting across from the "crisis center", is doing for meals, especially since they can't even afford a meal while paying off student loans. And at one company, my fresh-outta-Montana boss, constantly asked me "negro file" (racist) questions, which were just unreal, but her idea of "team building", as she wanted to know all personal details about her "team", versus hiring persons who don't just sit and write up testing plans to follow to a tee, but persons who will also USE the friggin' product, as a consumer - how I found her team's show stopping bug.

And I had just left that shit at SteelEye, with Ponzi schemer Drawdy, constantly calling all to find out who knew what or said what about him. If Drawdy had any common sense, he would have simply sat back and not draw too much attention to the fact that he WAS A PONZI SCHEMER, in business with his drug trafficking and money laundering brother and friend. If he had any ethics, he wouldn't have taken the job, as his intention was NOT to work, but to siphon money.

And then there was the gay confederate, Tim, Rindy's secretary who listened for anything said about his beloved confederate flag, so that he could break out his "southern manners lesson," to me a black woman from the South, as I just stared at him, thinking this ain't Dukes of Hazzard, Gone With The Wind, nor a cult, but an office where tolerance of confederate flag should not be promoted, esp. when you're promoting domestic, racist terrorists, and your employer is now based in California.

But to watch persons who showed up to work, either to play office games or just feed their families, jumping out of WTC windows on 9/11, was a reminder that no one should literally be worked to death, stressed out because of office harassment (sexual, racism), or underpaid while performing 4-5 jobs. That's not why corporations are started. The company startup starts with a product or service idea, and each person who walks through the door should be a part of the company's success, including PROFITS with fair pay.

But... that's fantasy, does not exist, esp. with Karen's and BIFF's roaming office halls daily.

767
Commenter: Tamra C
Commenter's Site:
Comment Date: Jun 6, 2022 4:25pm EST/NYC

This sums up the ethics of the top of Silicon Valley today.

It used to be "onlyness" (only black person at company or group or only woman in group), but at least you had a chance to work, and not be bothered by nonsense. Unless you're on a team where they're so focused on you being black (GS, JL). But now, no one has a chance. You can show up to work daily, get stuff done, work long hours leading to isolation away from family/friends, and still be laid off as non-essential. Meanwhile, others work to stab others in the back, while the company itself engages in dishonest business practices and/or fraud (distribution of trademark infringement property, distribution of stolen property, sexual/racial/retaliatory harassment all while playing "victim").

https://www.mercurynews.com/2022/04/26/san-jose-former-ebay-exec-pleads-guilty-in-stalking-campaign-involving-pig-fetus-maggots-spiders-cockroaches

780
Commenter: Tamra
Commenter's Site:
Comment Date: Oct 7, 2022 8:55pm EST/NYC

Whoaaaa, there was a fire here (Staten Island), then a dispute between management and the employees, who refused to enter building b/c of unsafe conditions. FDNY did determine the building was safe after fire doused, but this was after several other unrelated safety issues.

The person who runs operations for Amazon: Dan Grossman, from Venrock, the company which funded the Ponzi schemer ($22-million) at company I relocated to SC for job. No concern for employees, just getting rich. NO LIVES MATTER to Grossman, especially black lives. My life is the receipt of ZERO fucks given. To work for Venrock, one must leave ethics, corporate responsibility, integrity, decency and honor at the door. Then again, persons with ethics, corporate responsibility, integrity, decency nor honor are denied by Venrock. And now Grossman has brought his "mentality" to Amazon operations.

The workers are standing up for themselves, but watch how this ends for workers. Amazon would sooner dissolve, than do right by employees. And people ask me why I don't shop Amazon.

https://www.justice.gov/usao-sdny/webform/sdny-amazon-warehouse-investigation

tags: DOJ, OSHA, crime, fraud, workplacesafety, TaxCutsAndJobsAct

787
Commenter: Tamra C
Commenter's Site:
Comment Date: Dec 4, 2022 6:11pm EST/NYC

What white collar fraud does to working class, and sums up how non-pro-life GOP really is!

If Angelica Belen had been given just ONE of the many breaks and chances as Todd Brunner, her life would have been different AND her children could still be alive https://www.propublica.org/article/milwaukee-fire-brunner-belen-landlord-tenant

Via https://ourwhirl.com/w/status/38-38-1670130549/

806
Commenter: Tamra
Commenter's Site: https://www.tamra.nyc
Comment Date: Mar 13, 2023 5:11pm EST/NYC

2008 DEJAVU!! Silicon Valley Bank!! https://www.nbcnews.com/business/business-news/silicon-valley-bank-collapse-news-updates-rcna74384

This is what happens when frat and golf buddies, OR white males with shitty ideas are only financed for startups! Consumers dictate supply and demand, AND create jobs in the process. But how many more failups will it take before this lesson is learned?

812
Commenter: Tamra
Commenter's Site:
Comment Date: May 1, 2023 12:57pm EST/NYC

these GOP fucks have given millionaires #TaxCutsAndJobsAct! BUT IN protest to interest rate hikes, which middle and working class will pay burden of, rich fucks are removing billions from US banks to OVERSEAS destinations, while their money sitting in banks make more money. And on top of that, fucks like Dorsey are pushing crypto currency.

I hope Anonymous starts a Robin Hood Op! this shit has to end, soon. with Tax Cuts And #Jobs Act, ECONOMY FAILED, while wealthier got wealthier, at the expense of infrastructure - making all vulnerable. THE GOAL!!

https://www.msn.com/en-us/money/other/first-republic-bank-fails-was-it-a-bailout/ar-AA1aB2sX

https://www.inc.com/diana-ransom/what-first-republics-collapse-means-for-startup-lending.html

#startups #venturecapitalism #fraud #economy #FDT #election2024

813
Commenter: Tamra
Commenter's Site:
Comment Date: May 4, 2023 8:16pm EST/NYC

First Republic bank... ain't it funny how biffs have a safety net, always available for their royal f ups? let a black person lose this type of money, there'd be no more venture capitalism through FDIC banks!! but here's another example of venture capital fraud and waste - had money been used honestly, ethically, while seeking credible ventures, all would have thrived. instead venture caps and start up CEOs paid themselves first, and royally.

https://www.wsj.com/articles/first-republic-bank-is-seized-sold-to-jpmorgan-in-second-largest-u-s-bank-failure-5cec723

A focus on America's coastal elite helped First Republic become one of the most valuable U.S. banking franchises. Big deposits from customers with lots of cash funded low-rate jumbo mortgages to wealthy home buyers. Ultralow interest rates and a pandemic savings boom supercharged the bank's growth. When the Fed began raising interest rates last year to cool inflation, customers began demanding higher yields to keep their money at First Republic. Rising rates also dented the value of loans the bank made when rates were near zero.