Cryptocurrency! Either it's going to disrupt everything and usher in a new era of artistic and consumer freedom, or it'll hasten the climate apocalypse while largely benefitting a tiny number of investors. Let's yell about it!
One of the few shrewd things Trump said is, "If I owe you 3 million, that's a 'me' problem. If I owe you 30 million, it becomes a 'we' problem."
If you can barely afford bills as it is and then don't get the timing exactly right, you'll get hit with overdraft fees, too.
I'd like to note that First Republic is getting $30bb today.
First Republic is what all the VC's were telling us was a "good" bank, right?
One of the few shrewd things Trump said is, "If I owe you 3 million, that's a 'me' problem. If I owe you 30 million, it becomes a 'we' problem."
He was paraphrasing. Badly.
"If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem."
- J. Paul Getty
"If you owe contractors, just don't pay them."
H.P. Lovesauce wrote:One of the few shrewd things Trump said is, "If I owe you 3 million, that's a 'me' problem. If I owe you 30 million, it becomes a 'we' problem."
He was paraphrasing. Badly.
"If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem."
- J. Paul Getty
I am shocked -- shocked! -- that Trump would steal someone's quote.
Still, I maintain Trump possesses what Doktor Zoom of Wonkette calls "a low vegetable cunning."
Since this is the banking thread, thought everyone would appreciate the latest from Frontline and those commies at PBS:
What do you think is "inevitable" about cryptocurrency?
Probably that crypto advertisers will end hawking their wares here...
What do you think is "inevitable" about cryptocurrency?
Nations with fiat currency used to provision themselves will either ban or severely curtail its usefulness.
Forex trading.... The fad that was before crypto that pretty much got folded into crypto right?
I never understood that one but saw the spammers on social media sites. Essentially it was just trading forex on the margins and assuming you could arbitrage some gains?
So essentially just playing roulette but calling it trading? Surprised SVB didn't have some of that in it's blow up. Maybe it did but not the main factor.
Pages