I am not an economist, but speaking as an economist I can say two things with confidence. 1) A prime rate of around 6% is no big deal after having lived through 15.5% and 2) Usury is a sin.
Ronald Lauder is the brains and the driving force behind Trump’s obsession with Greenland. And Warsh is married to his daughter.
Lauder even created a minerals extraction company to eventually mine Greenland.
He is asshole buddies with Trump since they both were at Wharton college at the same time.
This lucky sperm Ronald Lauder doesn’t know shit from shinola about mining. But he is the one who keeps pushing Trump on Green on and.
And he won’t be one of the grunts sent to Greenland to kill people.
Warsh is gung ho on all traditional Republican economic policies. Over the past decades, all of the worst economic collapses were the direct result of Republican policies. The 2008 financial collapse resulted in the vaporization of one third of American capital. And was an easily predictable catastrophe.
Years ago, I encountered someone who claimed that the subprime mortgage crisis was caused by socialist politicians strongarming the banks and preventing them from doing what they wanted. He said it went against "Natural Law" (and yes, he did capitalize those words) because that's how libertarians argue.
Seems like I saw something about boycotting Estee Lauder recently but can't remember why. The Greenland thing? I went and looked for it, and yes, that was why. They own a bunch of companies.
The scale of the Estée Lauder Companies is hard to ignore. Beyond its flagship Estée Lauder brand, the group owns a wide portfolio of globally recognised names, including MAC, Clinique, Bobbi Brown, La Mer, Jo Malone London, Tom Ford Beauty, Aveda, Too Faced, Smashbox, Origins and The Ordinary, among others.
I remember car loans at 11 percent, mortgages over 9. Reagan got elected screaming about how the federal deficit was over a trillion dollars and he was going to do something about it.
"Warsh was against the Fed buying back bonds and the same toxic mortgage-backed securities"
To be fair, he wasn't alone in that. The Fed had to do a lot of tap-dancing to justify buying garbage--which by law they weren't supposed to do--at really overinflated prices, to essentially orchestrate a bailout so that the banks didn't have to take a big loss on their balance sheets.
Also, it turns out that an unaccountable multibillion dollar bailout was given to an Epstein run investment fund. That pedophile and his coterie of malefactors were deemed essential to bail out to the tune of billions of taxpayer dollars to prevent economic collapse. What a world.
The argument they made at the time was that the crap they were buying would eventually be worth something again. But if that were true, then why did the banks need to unload it? The wealthy were being protected at the expense of everyone else, as usual.
I'm still of the opinion that the U.S. government should have "executed" (i.e. revoked the charter) of one of the major banks as an example to the others of where fucking around gets you.
MORE EPSTEIN FILES !!!
"Be sure to warsh your hands before you eat"
"Things could get a lot warsh"
"Beware the back warsh."
"No one believed we'd be going to warsh with Denmark"
> He looks kind of like Marco Rubio before his soul was sucked out, leaving only a grey and dead-eyed husk behind.
I don't think that little Marco ever had a soul.
I am not an economist, but speaking as an economist I can say two things with confidence. 1) A prime rate of around 6% is no big deal after having lived through 15.5% and 2) Usury is a sin.
"...set to expire in May" would be the most beautiful words if applied to Shambles.
Well, the circle closes.
Ronald Lauder is the brains and the driving force behind Trump’s obsession with Greenland. And Warsh is married to his daughter.
Lauder even created a minerals extraction company to eventually mine Greenland.
He is asshole buddies with Trump since they both were at Wharton college at the same time.
This lucky sperm Ronald Lauder doesn’t know shit from shinola about mining. But he is the one who keeps pushing Trump on Green on and.
And he won’t be one of the grunts sent to Greenland to kill people.
Warsh is gung ho on all traditional Republican economic policies. Over the past decades, all of the worst economic collapses were the direct result of Republican policies. The 2008 financial collapse resulted in the vaporization of one third of American capital. And was an easily predictable catastrophe.
It looks as though things will get Warsh before they get better.
served between 2006 and 2011
And if that's not an endorsement right there, I don't know what is!
Years ago, I encountered someone who claimed that the subprime mortgage crisis was caused by socialist politicians strongarming the banks and preventing them from doing what they wanted. He said it went against "Natural Law" (and yes, he did capitalize those words) because that's how libertarians argue.
Seems like I saw something about boycotting Estee Lauder recently but can't remember why. The Greenland thing? I went and looked for it, and yes, that was why. They own a bunch of companies.
Didn’t he donate to Rene Good’s murderer’s Go Fund Me or something?
You're thinking of Bill Ackerman. Not that Lauder is any better, but he didn't do that ONE bad thing.
Somebody famous did although i can't remember who it was.
Dammit, I think they own MAC cosmetics. I dies for a MAC lipstick. Are there any nice things left for us to have in these tucked up times???
Yes:
The scale of the Estée Lauder Companies is hard to ignore. Beyond its flagship Estée Lauder brand, the group owns a wide portfolio of globally recognised names, including MAC, Clinique, Bobbi Brown, La Mer, Jo Malone London, Tom Ford Beauty, Aveda, Too Faced, Smashbox, Origins and The Ordinary, among others.
https://www.ndtv.com/lifestyle/why-the-trump-greenland-row-is-making-people-boycott-cosmetics-brand-estee-lauder-10931762
I read:
"popping up in Trump’s obit, no?"
And I thought "brr? fuckwad's dead? How'd I missit?
And now the coffee is seeping in, and I come up with "hmmmmm"
CNBC:
𝐼𝑛 𝑡ℎ𝑒 1970𝑠, 𝑡ℎ𝑒𝑛-𝑃𝑟𝑒𝑠𝑖𝑑𝑒𝑛𝑡 𝑅𝑖𝑐ℎ𝑎𝑟𝑑 𝑁𝑖𝑥𝑜𝑛 𝑝𝑟𝑒𝑠𝑠𝑢𝑟𝑒𝑑 𝐹𝑒𝑑 𝐶ℎ𝑎𝑖𝑟 𝐴𝑟𝑡ℎ𝑢𝑟 𝐵𝑢𝑟𝑛𝑠 𝑡𝑜 𝑘𝑒𝑒𝑝 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡 𝑟𝑎𝑡𝑒𝑠 𝑙𝑜𝑤 — 𝑎𝑛𝑑 𝑔𝑖𝑣𝑒 𝑡ℎ𝑒 𝑒𝑐𝑜𝑛𝑜𝑚𝑦 𝑠𝑜𝑚𝑒 𝑔𝑎𝑠 — 𝑖𝑛 𝑡ℎ𝑒 𝑟𝑢𝑛𝑢𝑝 𝑡𝑜 𝑡ℎ𝑒 1972 𝑝𝑟𝑒𝑠𝑖𝑑𝑒𝑛𝑡𝑖𝑎𝑙 𝑒𝑙𝑒𝑐𝑡𝑖𝑜𝑛.
𝑇ℎ𝑎𝑡 𝑠𝑒𝑡 𝑡ℎ𝑒 𝑠𝑡𝑎𝑔𝑒 𝑓𝑜𝑟 𝑟𝑢𝑛𝑎𝑤𝑎𝑦 𝑖𝑛𝑓𝑙𝑎𝑡𝑖𝑜𝑛, 𝑒𝑐𝑜𝑛𝑜𝑚𝑖𝑠𝑡𝑠 𝑛𝑜𝑤 𝑠𝑎𝑦. 𝐶𝑜𝑛𝑠𝑢𝑚𝑒𝑟 𝑝𝑟𝑖𝑐𝑒𝑠 𝑠𝑢𝑟𝑔𝑒𝑑 𝑖𝑛 𝑡ℎ𝑒 𝑑𝑒𝑐𝑎𝑑𝑒 𝑡ℎ𝑎𝑡 𝑓𝑜𝑙𝑙𝑜𝑤𝑒𝑑. 𝑇ℎ𝑒 𝑖𝑛𝑓𝑙𝑎𝑡𝑖𝑜𝑛 𝑟𝑎𝑡𝑒 𝑖𝑛 1980 𝑝𝑒𝑎𝑘𝑒𝑑 𝑎𝑡 𝑎𝑟𝑜𝑢𝑛𝑑 15%, 𝑤ℎ𝑖𝑐ℎ 𝑟𝑒𝑚𝑎𝑖𝑛𝑠 𝑡ℎ𝑒 ℎ𝑖𝑔ℎ𝑒𝑠𝑡 𝑟𝑎𝑡𝑒 𝑠𝑖𝑛𝑐𝑒 1947, 𝑤ℎ𝑒𝑛 𝑡ℎ𝑒 𝑐𝑜𝑢𝑛𝑡𝑟𝑦 𝑤𝑎𝑠 𝑠𝑡𝑖𝑙𝑙 𝑟𝑒𝑐𝑜𝑣𝑒𝑟𝑖𝑛𝑔 𝑓𝑟𝑜𝑚 𝑊𝑜𝑟𝑙𝑑 𝑊𝑎𝑟 𝐼𝐼.
.
"Those who do not study history are doomed to be assholes"
I remember car loans at 11 percent, mortgages over 9. Reagan got elected screaming about how the federal deficit was over a trillion dollars and he was going to do something about it.
Yeah, he bumped it up to 2.5 trillion.
Does it really count as "doom" for someone who embraces it so whole-heartedly?
"Warsh was against the Fed buying back bonds and the same toxic mortgage-backed securities"
To be fair, he wasn't alone in that. The Fed had to do a lot of tap-dancing to justify buying garbage--which by law they weren't supposed to do--at really overinflated prices, to essentially orchestrate a bailout so that the banks didn't have to take a big loss on their balance sheets.
Also, it turns out that an unaccountable multibillion dollar bailout was given to an Epstein run investment fund. That pedophile and his coterie of malefactors were deemed essential to bail out to the tune of billions of taxpayer dollars to prevent economic collapse. What a world.
Forgetting the rules for a minute, this decision will be fodder for economic doctoral thesis until the sun consumes the earth.
I think it was either that or economic collapse like 1929. That was the fearful choice.
Nevertheless, they should have had a mechanism to recoup what they gave to the banks after they stabilized.
The argument they made at the time was that the crap they were buying would eventually be worth something again. But if that were true, then why did the banks need to unload it? The wealthy were being protected at the expense of everyone else, as usual.
Like imprisoning and banning the leadership of those banks.
I remember fears that Obama would nationalize banks. Sounded good to me at the time.
I'm still of the opinion that the U.S. government should have "executed" (i.e. revoked the charter) of one of the major banks as an example to the others of where fucking around gets you.
I vote "Wells Fargo". Incompetent assholes, but not the biggest beast around so the impact would have been slightly muted.
Marco is on his way to Lindsey Graham territory.
Trigger warning - Not for the soppy-intolerant: https://www.shutterstock.com/image-photo/january-16-2025-washington-dc-senator-2582617215?trackingId=29a1aebb-5b29-4874-9229-c87af15a58e6&listId=searchResults
--------
He looks kind of like Marco Rubio before his soul was sucked out, leaving only a grey and dead-eyed husk behind.
Resting asshole face.
Here's the MICE helmet. Now I need a tail.
https://substack.com/profile/155631115-menotsure/note/c-208879406?utm_source=notes-share-action&r=2knpqj
Magnificent rodent regalia!
There will be stickers.
He's from near Albany and said he learned a lot about economics from his experiences growing up.
Upstate NY has been depressed for about 100 years economically.