Adam Tooze: The rise of asset manager capitalism and the crisis of 2008

[pgardn]

Keep posting please.

I read the stuff.
Some of it I gotta read more on, some I dont agree with, some I do, and...

Its good stuff imo. Its so easy to make money when you have a job that deals with so much money. Its so easy to hide or just skim a bit here and there. Trumpsters are supposed to interested in the putrid swamp smell that arises from these big financial groups but its too boring. Its not a good old blatant lie that the orange man gave them to relish.

[Winehole23]

Keep posting please.

I read the stuff.
Some of it I gotta read more on, some I dont agree with, some I do, and...

Its good stuff imo. Its so easy to make money when you have a job that deals with so much money. Its so easy to hide or just skim a bit here and there. Trumpsters are supposed to interested in the putrid swamp smell that arises from these big financial groups but its too boring. Its not a good old blatant lie that the orange man gave them to relish.

Thanks, man

The 2008-9 stuff fell mainly under Obama, but Republicans voted for the banker/nonbank lender/ market maker/donor class bailout with austerity for everyone else too. Obama also normalized Bush's GWOT and GWOT inspired predations on privacy/enhancements of official secrecy. He promised to nail the telecoms to the wall for illegal domestic surveillance, but then he voted to immunize them. Then he got elected, appointed a lifelong Republican SECDEF, and policed the border like no one before or after him.

Energy independence? Obama shepherded that.

Obama was center right, practically a Tory, a caretaker of the powers that be. Even his signature accomplishment, the ACA, was negotiated BCD to ensure universal access to insurance companies rather than universal health care. Obama greased the skids for an ersatz populist like Trump, tbh.

[SnakeBoy]

Damn WH, that Biden Malaise is hitting you hard

Clinging to your mask and past grievances is an unhealthy way to deal with

[ChumpDumper]

past grievances are the main things that motivate Trump s

[boutons_deux]

Private capital is buying up nursing placement agencies because traveling nurses or making a ton of money and the agency fees are significant

[Winehole23]

[Winehole23]

Ukrainian President Volodymyr Zelenskyy and BlackRock CEO Larry Fink agreed to coordinate investment in rebuilding Ukraine, Kyiv announced Wednesday following a meeting between the two men.


A readout from the Ukrainian president’s official website said Zelenskyy and Fink had “agreed to focus in the near term on coordinating the efforts of all potential investors and participants in the reconstruction of our country, channelling investment into the most relevant and impactful sectors of the Ukrainian economy.”


BlackRock Financial Markets Advisory and the Ukrainian Ministry of Economy signed a memorandum of understanding in November, after Fink and Zelenskyy met in September to discuss driving public and private investments into Ukraine to rebuild the country after Russia’s highly destructive invasion.

https://www.cnbc.com/2022/12/28/zele...nvestment.html

[Winehole23]

Ken Paxton and ten other Republican AGS sue BlackRock, Vanguard and State Street over ESG investing

Texas Attorney General Ken Paxton, whose office filed the lawsuit, in a statement accused the defendants of promoting an "illegal weaponization of the financial industry in service of a destructive, politicized 'environmental' agenda."

The lawsuit seeks to block the defendants from using their investments to vote on shareholder resolutions and take other steps that could undermine coal output and limit market compe ion.


It also seeks civil fines for violating federal an rust and Texas consumer protection laws.


The case is Texas et al v BlackRock Inc et al, U.S. District Court, Eastern District of Texas, No. 24-00437.

https://www.reuters.com/legal/blackr...ds-2024-11-27/