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AlmightySnoo 🐢🇮🇱🇺🇦 @lemmy.world

2y ago

Forbes' kiss of death

49 comments

The secret ingredient to get on the front page of Forbes is fraud.
- In the case of SVB it wasn't fraud though, it was more poor risk management; they didn't hedge against an increase in interest rates and that, together with the bank run when people learned about it, killed them. But yeah, the common pattern is failure.
  
  Calling using client funds as collateral for risky investments (over and over again) as poor risk management it is a bit of an understatement.
  
  Damn I also read yours as SBF at first
  
  Do banks have the authority to freeze withdrawals?
  I don't get why SVP didn't just block all withdrawals as the panic set it.
- F IS FOR FRIENDS WHO DO STUFF TOGETHER
  
  O IS FOR OLIGAAAARCHY
I'm beginning to think these stock market guys are just gambling
- They've got it rigged so the house wins though. The secret is crime, know theirs and do some yourself and you get to run the house until they need a fall guy.
Forbes isn't handing out a kiss of death. Forbes is just a publication gushing about the headliners of a rapacious and fraudulent group of people. It's like wondering why a bakery smells like bread.
- or why a whore's breath smells like cum
  (i'm implying Forbes are a bunch of cocksucking whores, in case you are still in junior high)
  
  Of all the things to say, you really picked this huh?
  
  Sex work is real work and not your generic insult.
  (USING ANY GROUP AS AN INSULT ALSO INSULTS THAT GROUP, IN CASE YOU'RE ALSO IN THAT "THATS RETARDED" PHASE)
- Don't give us hope
  
  Don’t give us hope
  No hope?
- My boy just can't stop winning
There was a meme in Germany during Chancellor Merkel's time in office. As soon as Merkel "expressed her utmost confidence" in someone, that person resigned shortly afterwards.
It's almost like big business is fishy.
- Not getting explicitly into "capitalism bad," but yeah, anytime someone becomes a billion dollar property overnight you should assume it's a scam or a crime.
  
  Capitalism is what people make of it. But it seems it's getting less easy to cheat.
Maybe Jim Cramer's been ghostwriting for them.
- Just like we have an Inverse Cramer ETF, maybe it's time for an Inverse Forbes ETF too
It gets even worse. They could threaten to have some rando write a blog post about you.
Destroyed the country's income by privatizing oil, raised poorness to 60% unemployment to 70% worked with the literal drug cartel until his candidate got fucking murdered during the emergency election, which BTW was called after the government got dissolved because of Pandora papers leaks
It's like the Madden curse but in finance.
These fuckers are taking everything from the people.

49 comments