GrinAndDestroy
EverythingVille
It was cooked up in the fetid boiler rooms deep in the bowels of the Trumpiest of (anti) think tanks, the Claremont Institute.
It was then released by wingnut welfare-backed weasels like Charlie Kirk and the Supreme Court-stuffing Federalist Society before it moved on to Fox News and more 'serious' cable news outlets before it was finally smeared across the digital public prints in places like Newsweek.
And, to be absolutely clear, the 'it' under discussion is pure unadulterated codswallop, purposefully packaged and deliberately flung into the public consciousness where, even after it is fully discredited, it will stick just enough such that it can be re-used and recycled again and again and again to distract, deflect and disinform everyone concerned when the next crisis of confidence arises.
Josh Marshall, working and writing at Talking Points Memo, has the story and the receipts. Here's his lede:
And, to be absolutely clear, the 'it' under discussion is pure unadulterated codswallop, purposefully packaged and deliberately flung into the public consciousness where, even after it is fully discredited, it will stick just enough such that it can be re-used and recycled again and again and again to distract, deflect and disinform everyone concerned when the next crisis of confidence arises.
Josh Marshall, working and writing at Talking Points Memo, has the story and the receipts. Here's his lede:
According to stories bursting across the right-wing mediasphere today, a key reason for the collapse of Silicon Valley Bank (SVB) was its focus on spreading “woke culture” rather than efficiently managing risk and profits. Ground zero for this is the allegation that SVB had donated over $73 million to the “BLM Movement & Related Causes.” That struck me as quite a lot of money for a single company, even a large and profitable one, to give to anycause or even all causes. So I tried to find out where this factoid came from and rapidly found my way to a Trumpist think tank. Perhaps not surprisingly, it’s a complete lie...
Marshall then goes on to demonstrate that it all traces back to a bogus Claremont Institute database wherein contributions to, or monetary contracts entered into with, anyone or any institution that has any connection whatsoever to African Americans is a direct money funnel to 'Black Lives Matter' and urban rioting.
Which is why, in addition to Silicon Valley Bank, Bank of America is also in the craptacularists' database.
Why?
Because Bank of America does business with and gives things like mortgages to black people.
These really are some of the worst people in the world who are doing their darnedest to destroy liberal democracy as we know it.
And for what?
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Which is why, in addition to Silicon Valley Bank, Bank of America is also in the craptacularists' database.
Why?
Because Bank of America does business with and gives things like mortgages to black people.
These really are some of the worst people in the world who are doing their darnedest to destroy liberal democracy as we know it.
And for what?
____
Image at the top of the post...Director of the Claremont Institute's 'Center for Constitutional Jurisprudence' John Eastman (yes, 'that' John Eastman) with Rudy Giuliani at Mr. Trump's pre-insurrection party on January 6, 2021.
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4 comments:
This is the first instance, for me, where someone has used the word 'factoid' correctly. Most 'users' believe that a factoid is precise, exact, nothing can beat it in truthfulness, however:
Factoid was coined by Norman Mailer in his 1973 biography of Marilyn Monroe. Mailer described a factoid as "facts which have no existence before appearing in a magazine or newspaper"
NVG--
No existence, indeed.
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It will be interesting to see if this woke garbage (clever disguise catch all for all white christofacists target groups to hate) lasts into the predictably insane 2024 election cycle? The fact that it's reported on as even remotely legit is the real news story here. Worse still, the country sees their psychotic ex-president traipsing around the country while the justice dept wallows around with day after day indictment news. The banks however, escape the real cause of the collapse, unfettered deregulation and casino antics in lining the pockets of the billionaire bros. What a sick, sad and lost country we are neighbours with. Tim W
We have an entire transit system designed by factoids in Metro Vancouver.
'Nuff of that.
The banking industry is one of the most corrupt industries in the world as banks manipulate money. Banks fail for one basic reason and that is greed.
Greed is a fine art practiced by governments through the banking system and much which is offered as economic indicators are merely figures so arranged that the "pitchfork mob" does not attempt to storm the castle.
Who makes money from our current housing crisis, the banks of course.
Forgive me, but a story with an immoral end.
Topic: The reverse mortgage.
Sold to the gullible public and somewhat naive elders as free cash seems to be the bait.
It ain't free.
I know three people who have had their parents enter into a reverse mortgage, where the money was squandered and after the parents joined the choir eternal, the houses in questioned where forcibly sold well under market value as the bank wanted its money.
In all three instances, the will could not be executed because the money was not there and tears all around.
As an aside, Christian churches are not so Christian if they do not get what has been laid out in a will, resulting in expensive legal wrangling.
Here is the rub. If the bank gives you 30 days to sell the house (and the banks do not care, except for their money) a trusted friend of the bank will buy it, tart it up a bit and after a year, sell it at a extremely good profit.
A recent example: A good friend of mine's mom was living in a house assessed at $1.5 mil. The bank allowed her the maximum reverse mortgage and the lady in question spent it on smokes, friends, and other and she passed after 6 or 7 years. Reverse money gone.
The house was in disrepair and the bank gave 60 days and after 60 days, took the house, sold it for under $800K and they took their share leaving less than $300K. Then a church, mentioned in the will wanted their full share and took the executor to court. Strange thing was, the lady in question was not religious and did not attend church!
During this battle, the house was tarted up and resold for over $1.5 million within one year.
After all was said and done, each of the four children, received just over $30K and I know two more examples of this sort of scam.
Most people do not talk about this sort of thing and the banks know it and they get away with it.
So when a bank fails, it is pure greed because for them it is a yellow Brick road to wealth.
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