26
Commenter: Tamra
Commenter's Site:
Comment Date: Jun 26, 2015 2:20pm EST/NYC

Department of Defense has no plans to change any bases named after confederates
https://www.facebook.com/permalink.php?story_fbid=1020256651338325&id=114634691900530

--This explains the culture of racism in our military

30
Commenter: Tamra
Commenter's Site:
Comment Date: Jul 3, 2015 7:52pm EST/NYC

Why do people believe myths about the confederacy? www.washingtonpost.com/posteverything/wp/2015/07/01/why-do-people-believe-myths-about-the-confederacy-because-our-textbooks-and-monuments-are-wrong/

31
Commenter: Tamra
Commenter's Site: https://itamra.com
Comment Date: Jul 3, 2015 7:54pm EST/NYC

degenerates-kkk will hold a Labor Day cross burning — and they want supporters to bring their children www.rawstory.com/2015/07/the-kkk-will-hold-a-labor-day-cross-burning-and-they-want-supporters-to-bring-their-children/

32
Commenter: Tamra
Commenter's Site:
Comment Date: Jul 3, 2015 8:14pm EST/NYC

How people convince themselves that the Confederate flag represents freedom, not slavery
Historian John M. Coski examines the fights over the symbol's meaning in "The confederate Battle Flag: America's Most Embattled Emblem." www.washingtonpost.com/news/book-party/wp/2015/06/19/how-people-convince-themselves-that-the-confederate-flag-represents-freedom-not-slavery/

130
Commenter: Tamra
Commenter's Site:
Comment Date: Dec 21, 2015 8:47am EST/NYC

Unfortunately, if true and not part of the exact same propaganda distributed by Sons of confederate Vets, Robert E Lee fought for the side that chose slavery as the sole reason for Civil War. (I lowercase "confederates" for many reasons.) And I know many don't want to read much these days, it has to be dumbed-down to choose a side quickly, but that's also part of the "yea, confederates are great men" problem.

All other issues prior to Civil War had been resolved, confederates wouldn't budge on slavery and right to transport their slaves as property across state lines for "travel, rape and torture through bondage services". This isn't hidden information, but well documented in both confederate and non-confederate libraries and museums across the country, but chosen to be ignored and misrepresented (including by K-12 educators) at the offense of many.

Meanwhile, Sons of confederate Vets along w/ kkk, both of which today's GOP shaper, Strom Thurmond was a member of, are trying daily to rewrite history to glorify the losers and their losing cause (slavery), by rewriting their reason for creating Civil War. Their parroted-lie, "loyalty to the states," which is the equivalent of Germany rewriting its Nazi history and Holocaust as simply "loyalty to Germany," then erecting monuments to Hitler, Himmler, Goebbels and Hitler-loyal Nazi SS officers, who represent same exact values as Sons of confederate Vets and kkk (founded by another confederate General, Nathan Bedford Forrest).

Sons of confederate Vets' Strom Thurmond also co-wrote Southern Manifesto (also available in libraries across the country), an outline for racism and discrimination, with Carl Vinson. US Navy chose to honor Vinson with a ship naming (USS Carl Vinson/CVN70). Carl Vinson never served a day in military, but was behind many policies promoting hate and domestic terrorism against non-whites, Jews and women in military.

US is one of the few countries which honors its domestic terrorists, persons who were scheduled to be kicked out of our country, because Lincoln saw their evil hearts personally and knew they couldn't evolve, and would continue to perpetuate racist policies eternally. And Lincoln was right, as immediately after his assassination (funded by confederate Jefferson Davis and carried out by confederates), confederate sympathizer Andrew Johnson (one of worst Presidents in history) reversed all that Union soldiers fought and died for, which gave rise to Nathan Bedford Forrest's kkk, and led to terrorism such as:

• Jim Crow and Jim Crow laws with violence even against whites who refused to hate non-whites and Jews;
  
• Rosewood, Florida massacre;
  
• Native Indian massacres and land thefts;
  
• 1921 Tulsa, Oklahoma race riot (largest in history with guns and ammo provided by NRA - https://tulsahistory.org/learn/online-exhibits/the-tulsa-race-riot/ / https://www.thenation.com/article/tulsa-1921/);
  
• Slocum, Texas massacre;
  
• 1963 Birmingham, Alabama church bombing;
  
• murders of Mickey Schwerner, James Chaney and Andrew Goodman;
  
• and many more acts of domestic terrorism from confederate worshipers and sympathizers.
  

Shockingly law enforcement and military members participated in domestic terrorism, including against Jews, who were denied military rights and equal treatment. Twisted irony: when someone fights back against confederates and confederate sympathizer's legacy of hatred, violence and inequality, they're the ones called "un-American", "savages", "a drain on society", by confederate sympathizers and those whose family migrated here during Jim Crow, for the whites only-Jim Crow policies and benefits.

Germany chose to honor Claus Von Stauffenberg and members of Operation Valkyrie, who fought against Hitler - persons who were originally wrongly labeled and ostracized by Hitler loyalists immediately after WWII. Germany later, and wisely, chose to outlaw all Nazi propaganda and Nazi loyalists. the end result: progress for its country, instead of a version of the US's 150+ years after Civil War, still dealing with the same racial nonsense, while denying accurate historical teachings. Ignorance has stalled our country 24/7, and leads to boiling points of violence every single decade.

173
Commenter: Tamra
Commenter's Site:
Comment Date: Apr 12, 2016 9:51pm EST/NYC

peep this piece of illiterate garbage who thinks it's "The Blacks" who need a lesson about the confederate flag: https://www.facebook.com/jeremy.lee.1654700. They've since deleted their post, filled with one typo after another, but their bio cover photo confirms they've been indoctrinated with bullshit their entire life. then again, what neo-confederate hasn't been?

267
Commenter: Tamra
Commenter's Site: https://tamra.nyc
Comment Date: May 8, 2017 7:29pm EST/NYC

clearly it's the right decision to remove monuments for confederate treasonists! the persons who support them are JUST as treasonist as the same jackass confederates who fought against THIS country solely for the right to OWN and transport slaves across state lines. these are the SAME persons who disguise that issues as "states rights". Tempers Flare Over Removal of Confederate Statues in New Orleans https://www.nytimes.com/2017/05/07/us/new-orleans-monuments.html

273
Commenter: TamraNYC
Commenter's Site:
Comment Date: Aug 17, 2017 6:20am EST/NYC

The Monuments Must Go — An open letter from the great, great grandsons of Stonewall Jackson. https://www.slate.com/articles/news_and_politics/politics/2017/08/stonewall_jackson_s_grandsons_the_monuments_must_go.html

We are native Richmonders and also the great, great grandsons of Stonewall Jackson. As two of the closest living relatives to Stonewall, we are writing today to ask for the removal of his statue, as well as the removal of all Confederate statues from Monument Avenue. They are overt symbols of racism and white supremacy, and the time is long overdue for them to depart from public display. Overnight, Baltimore has seen fit to take this action. Richmond should, too.

297
Commenter: The New Nathan
Commenter's Site:
Comment Date: May 13, 2018 6:37pm EST/NYC

If you live to be 100, you'll never meet anyone with even 1% of the dignity, honor, loyalty and bravery of General Forrest. He, his men and The Cause stood for something you can never understand. America has descended into filth, chaos and anarchy. It won't be this way forever. Keep mocking a great leader. You mock what you have no way of comprehending.

298
Commenter: TamraNYC
Commenter's Site:
Comment Date: May 14, 2018 11:08pm EST/NYC

Replying To: The New Nathan

LOLLLLLLLLL I don't need to understand the LOSERS of the Civil War. I only need to understand they're the LOSERS of the Civil War, losers who entered war WITH A LOST CAUSE, like yours! Nathan Bedford Forrest was a degenerate loser and klansman just like you. Oh and I'm publishing your information on various places: 69.137.127.140, trepothipo(at)qwfox(dot)com, https://www.dnsstuff.com/tools#whois|type=ipv4&&value=69.137.127.140 – Hodgenville, Kentucky

299
Commenter: TamraNYC
Commenter's Site:
Comment Date: May 14, 2018 11:39pm EST/NYC

Words of a great war general, General William Tecumseh Sherman, ever so true, even to this day:

You people of the South [replace with today's Strom Thurmond GOP] don't know what you are doing. This country will be drenched in blood, and God only knows how it will end. It is all folly, madness, a crime against civilization! You people speak so lightly of war; you don't know what you're talking about. War is a terrible thing!You mistake, too, the people of the North [replace with liberals and non-rwnj's]. They are a peaceable people but an earnest people, and they will fight, too. They are not going to let this country be destroyed without a mighty effort to save it… Besides, where are your men and appliances of war to contend against them?The North [replace with GEEKS who are mostly liberal LOL and don't forget LGBTQ who can fly planes/fighter jets, guide ships, missiles, AND speak critical languages for security!!!] can make a steam engine, locomotive, or railway car; hardly a yard of cloth or pair of shoes can you make [yeah cuz LOUDEST rwnj (Boehner, Paul Ryan, etc.) rejoiced at outsourcing manufacturing jobs and stood by and watched banks, insurance and car companies FAIL miserably!!!].You are rushing into war with one of the most powerful, ingeniously mechanical, and determined people on Earth right at your doors. You are bound to fail. Only in your spirit and determination are you prepared for war. In all else you are totally unprepared, with a bad cause to start with. At first you will make headway, but as your limited resources begin to fail, shut out from the markets of Europe as you will be [because GOP & other rwnj's have insulted our allies profusely: (health care reform, socialism, LGBTQ in military)], your cause will begin to wane. If your people will but stop and think, they must see in the end that you will surely fail.

so, um, basically: OUTNUMBERED.

303
Commenter: Tamra
Commenter's Site:
Comment Date: Jun 10, 2018 11:13am EST/NYC

Southern Poverty Law Center (SPLC) lists all the white supremacists/confederate LOSERS' monuments. that must have been some ass whupping!! the LOSERS can't stop sucking jocks of the losers, TOTAL losers in every way, shape and form. SPLC report: More than 1,700 monuments, place names and other symbols honoring the LOSER Confederacy remain in public spaces https://www.splcenter.org/news/2018/06/04/splc-report-more-1700-monuments-place-names-and-other-symbols-honoring-confederacy-remain

475
Commenter: Tamra
Commenter's Site: https://tamra.nyc
Comment Date: Jul 13, 2019 5:18pm EST/NYC

next time you hear GOP members screaming "Dems are the party of kkk", remember that today's Sons of confederate Vets-kkk-Strom Thurmond-GOP spends its time & worshiping LOSER confederates (Andrew Jackson) & kkk: https://www.huffpost.com/entry/tennessee-gov-bill-lee-honors-kkk-grand-wizard-proclamation_n_5d28dd44e4b0060b11ec14fb

ROT IN HELL NATHAN BEDFORD FORREST! ENJOY THE PEE ON EVERY MONUMENT AND YOUR GRAVE FROM EVERY SINGLE PERSON WHO KNOWS WHAT A POS YOU WILL ALWAYS BE!!

710
Commenter: frank wood
Commenter's Site:
Comment Date: Nov 19, 2020 7:41am EST/NYC

You need a history lesson and a brain......Ill pray for you... [edited to show the comprehension of Frank Wood]--> as soon as I can comprehend religion, confederacy and pick up a brain myself. You know we're not too bright. After all, we fought for a lost cause, and still think we're the majority of Americans in U.S. One day we'll have our all white country, but for now it's a dream, while we piss and moan daily about getting our asses whipped during Civil War. Dang-gammit General Sherman and his brilliant military planning and strategy. Give us another hundred years to figure something out, we just may win the next war, once we get rid of all them education books.

713
Commenter: Tamra
Commenter's Site:
Comment Date: Dec 9, 2020 8:56pm EST/NYC

Replying To: frank wood

LOLLLLL I think what you're trying to say is I need to be a subservient negro and obey the confederate revisionist history bullshit, like Candace Owens and other internalized racists. THAT'S NEVER GOING TO HAPPEN. EDUCATE YOURSELF. STOP ROAMING SITES TO DEFEND TRASH LIKE CONFEDERATES, THE LOSERS OF CIVIL WAR, GEESH. https://www.ourwhirl.com/biden-harris-should-remove-and-outlaw-confederate-symbols/

714
Commenter: Tamra
Commenter's Site:
Comment Date: Dec 9, 2020 9:01pm EST/NYC

In case anyone wants to give this Sons of confederate Vets a history lesson: Frank Wood's contact: butternut4662@dixie-net.com. We don't protect, nor abet confederates here. Jack Dorsey does though, he can spin his confederate revisionist history on Twitter, w/o challenge.

768
Commenter: Tamra
Commenter's Site:
Comment Date: Jul 3, 2022 1:29pm EST/NYC

July 3, 1863 LOSER confederates were stomped at the Battle of Gettysburg. Entered war w/a lost cause - to own slaves, because TOO STUPID to do anything else!! https://www.history.com/this-day-in-history/battle-of-gettysburg-ends

769
Commenter: Tamra
Commenter's Site:
Comment Date: Jul 16, 2022 10:37am EST/NYC

The monuments must come down, and today's generation knows this!

This is also why GOP opposes education!

The activists — young, old, often led by people of color but drawing from across the demographic spectrum — have faced ridicule and hostility from political leaders at all levels. Many have risked their lives when armed counterprotesters, some openly affiliated with the Ku Klux Klan and a broad range of hate groups, have fomented violence, beating protesters, torching their vehicles and worse.

810
Commenter: TamraNYC
Commenter's Site: https://www.tamra.nyc
Comment Date: Apr 3, 2023 7:57pm EST/NYC

About time!! Introducing Fort Cavazos!

https://www.kcbd.com/2023/03/27/fort-hood-be-renamed-after-texas-tech-graduate-richard-cavazos-may/

272
Commenter: Tamra
Commenter's Site: https://www.tamra.nyc
Comment Date: Jul 28, 2017 11:28am EST/NYC

Today, Google's featured image and information highlighted "The Silent Parade" https://lynchinginamerica.eji.org/?utm_source=google&utm_medium=hpp&utm_campaign=Honoring%20the%20Silent%20Parade, which is another reminder of the history of Jim Crow Benefactor-domestic terrorists

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.