Gregory's Server
A lot of evil in the world could be prevented by outlawing hedge funds.
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49 comments
@fuzzychef I only regret that I've never told them no in the language I felt was truly appropriate to the situation  @fuzzychef i'll add that to my list of brilliant sounding ideas that don't do anything. "never be deceived that the rich will allow you to vote away their wealth"  @fuzzychef these same hedge funds are also driving the costs of housing up. They are overall creating havoc. With a divided congress, we are not going to be able to do anything until we have Dems back in the House. You know the GOP are not going to do anything. @sri @fuzzychef Democrats won't do anything. Ever since Bill Clinton's "third way", democrats have been center-right neoliberals; all of the right-wing economic policies, just with less of the bigotry. They are always trying to compromise with Republicans even when democrats have all of the power and never want to play hardball because both parties answer to their doners, not the people. @c3141mtd @fuzzychef I don't want to get into a deep discussion but I think today's dems are different than what they were in the past. Like you, I've not been pleased with the right-ward movement - realize that right-ward movement was to garner white male votes. Today, the party's base is black women - that's going to drive a different dynamic than chasing after working class white men. @sri @fuzzychef I wish more people would talk about this. Our affordable housing crisis is not because we aren't building enough, and not because our zoning is wonky. It's because housing financing mechanisms are removed from the markets they serve and are geared toward investor profit, not providing housing. It's all upside down. @sri @fuzzychef the Dems don't do anything about hedge funds, even when they have the government. See 2008-2010, 2020-2022. @fuzzychef we should approach the French about borrowing some old equipment. I'm sure it would be okay if we promise to hose it off before sending it back. @Kryten @fuzzychef you can send the museum pieces back with the blood of the modern day aristos still dripping, it will certainly make my French soul sing  @Kryten @fuzzychef ah don't bother with cleaning the thing, with the speed it goes to it should still cut even with a bit of rusting, and even if it doesn't, well, it just make the fun take longer 🙂  Why would banning the hedge fund solve anything? Some other capitol investment system would take its place.
If you don't like what big tech does, stop supporting them. Piracy > Netflix 🏴☠️ 🦜 Pay for the underdogs with integrity like Louder with Crowder, No Agenda and Corbett Report! @fuzzychef what about passing laws to protect the workers from abusive situations like that one instead? @l_avrot @fuzzychef how about we gave the workers own the companies instead of investors?   @fuzzychef agreed! We need another stonk like GameStop to mess up these guys! What the heck.. how do these guys sleep at night. Firing 12000 people! @Mayank @fuzzychef It will be satisfying to see his net worth become $12000! And shame on #SundarPichai for taking the pressure. @Mayank @fuzzychef Everyone was all in on screwing over Citadel in that thing, and Citadel just had its most profitable year(which the media is stating is the largest single profit by any hedge fund ever https://www.cnn.com/2023/01/23/investing/citadel-top-hedge-fund/index.html). I'm sorry to break it to you, but people got played if they thought they were hurting anyone but the regular people who missed the boat.  @Mayank @fuzzychef Money is involved. More of it than they had before. They sleep just fine. yeah checked. He made $1.9 Million per day last year. And he was the boss of Rishi Sunak at one time. I can't take this anymore, I need to dial down.. It's funny to me now to think that I will be drowning myself in work.. that's where I get peace 🕊️ Not going for tea, it's already 3:30 AM and I wanted to sleep, but this has been a nightmare knowing rich assholes can sleep better after ruining the sleep of thousands I have a job for now, it makes me wonder...who will pull the strings and it will all come crashing. I think I will keep thinking more and will eventually crash! @drwho @fuzzychef Thank you and everyone else who chatted with me. @Mayank @fuzzychef All I can really say is, there is no stability, really. Have a backup plan and keep your resume up to date. @drwho @fuzzychef exactly, I have been doing that only. Have been able to build a decent Upwork profile as a backup. And now I am focusing on building my website/blog to ensure that it can help me stand out from the crowd if I end up facing the undesirable situation. Also trying to upskill as much as I can. Are you taking any particular steps? @Mayank @fuzzychef Updated resume, plus taking advantage of a severance subscription to a resume editing/consulting/legwork service (hey, I'll take any help I can get, force multipliers are good, actually). Heavy networking (which is how I'm getting hold of some of that information). Playing with a few things (Grafana is next). Going to start asking some previous employers if they're hiring. I should do some formal studying, too. @Mayank @fuzzychef if it is indeed coordinated and this guy in involved in the layoffs at Microsoft, Spotify and so on, it is more than 50,000 people ... @darkstar @fuzzychef It's beyond me, how much money is enough... Guy already has 7 billion worth and made almost 2 million per day last year... At what point will he feel that I don't need more..  @Mayank @darkstar @fuzzychef never. People like that are dragons , sleeping on piles of gold in between wreaking havoc. Nothing will ever be enough. @fuzzychef Thank you for saying this! Hedge funds are the unelected and largely invisible actors ruling the financial world and thus the “real” one. @fuzzychef I get it, but you're not going to outlaw the stock market. Public ownership is not going away, and organized groups to manage that ownership is part and parcel. Working for private companies is the only way to hope to avoid the impact of public investment, assuming you find a company that isn't owned in some capacity by private equity or forced their way onto the board through VC.  @aral @fuzzychef Even worse, the subset of Venture Capitalists nicknamed Vulture Capitalists: take over a company then either ruthlessly cut costs or break up and asset strip the company. While companies may see lucrative returns in floating on stock markets, going public does carry the risk of attracting predatory investors, particularly if it doesn't increase cash profits each year, regardless of the state of the economy.  @fuzzychef the best thing to do is to get rid of this scam where all the shots are being called by these investors who do nothing but put a big cash injection into the business and then expect bigger and bigger returns while completely divorced from any engagement or skin in the game with respect to any operations or products or services provided by the business itself...
@fuzzychef along with Private Equity shops… they’ve strip mined so many good companies to death |
@fuzzychef multiple recruiters have approached me on behalf of hedge funds offering very shiny compensation packages, and I have honestly never felt tempted. My soul may not be squeaky clean, but at least this way I can still see it through the dirt.