ICRockets2 Posted March 16 Share Posted March 16 5 minutes ago, HipKat said: I just want to know why Repubs are so hell-bent on deregulation. Reagan, Bush, Trump.... and all caused epic financial disasters It's called "regulatory capture". Industries lobby government to deregulate because they want to increase profits, and an easy way to do that is to make it so your business doesn't have to concern itself with worker and/or consumer safety. It's no coincidence that this movement began with Carter and Reagan. Buckley v. Valeo was a 1976 Supreme Court decision that basically set the wheels in motion for Citizens United. From that point forward, regulatory capture has been super easy for corporations and billionaires. It got to the point where it even went beyond lobbying politicians to pass deregulating legislation, and now we see industry people getting appointed to high positions in the Fed, in the FDA, in the CDC, etc. So now they get to just set industry-friendly policy themselves. 1 Quote Link to comment Share on other sites More sharing options...
HipKat Posted March 16 Author Share Posted March 16 15 minutes ago, ICRockets2 said: They're not in the spotlight, they're in the crosshairs. YOUR behavior needs to change. They're playing defense. They put themselves there. A rolling stone gathers no moss Quote “There he goes. One of God's own prototypes. A high-powered mutant of some kind, never even considered for mass production. Too weird to live, and too rare to die.” Link to comment Share on other sites More sharing options...
ICRockets2 Posted March 16 Share Posted March 16 3 minutes ago, HipKat said: They put themselves there. A rolling stone gathers no moss Oh, so the Ku Klux Klan was formed because black people were such whiners. Got it. Quote Link to comment Share on other sites More sharing options...
SackMan518 Posted March 17 Share Posted March 17 Quote Sack "The Buffalo Range's TRUSTED News Source!" “When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” ~ Dresden James Twitter: Zack518Mann Link to comment Share on other sites More sharing options...
SackMan518 Posted March 17 Share Posted March 17 SVB collapse: Bank donated over $70 million to Black Lives Matter groups before closure Silicon Valley Bank, which was closed by federal regulators last week, donated just over $73 million to Black Lives Matter-related social justice movements before it was shuttered, according to a conservative database. A report from the Claremont Institute showed that the bank donated $73,400,000 to Black Lives Matter and other social justice organizations in the wake of George Floyd's death. The donations accumulated over the course of several years. The New York-based Signature Bank, which also closed last week, gave $850,000 over several years to similar groups. In the summer of 2020, when Floyd died, SVB pledged to increase its commitment to "diversity, equity and inclusion." In a report from August of that year, CEO Greg Becker touted that two-thirds of the workforce met the company's diversity goal. The company's employee matching program also focused on "pandemic response, social justice, sustainability, and supporting women, black and Latinx emerging talent, and other underrepresented groups," according to Becker. The revelation comes as conservative critics attempt to deride the company for its "woke" policies instead of focusing on red flags that could have avoided the bank's downfall. "[SVB is] one of the most woke banks in [its] quest for the ESG-type policy and investing," Rep. James Comer (R-KY) told Fox News on Sunday. "This could be a trend, and there are consequences for bad Democrat policy." Democrats have blamed the situation on former President Donald Trump's approval of the Economic Growth, Regulatory Relief, and Consumer Protection Act, which rolled back key regulations that were put in place after the 2008 financial crisis. However, former Massachusetts Democratic Rep. Barney Frank said the rollbacks did not play a role in the bank's collapse. 1 Quote Sack "The Buffalo Range's TRUSTED News Source!" “When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” ~ Dresden James Twitter: Zack518Mann Link to comment Share on other sites More sharing options...
micknaboz Posted March 17 Share Posted March 17 Silicon Valley Bank Didn’t Fund Black Lives Matter The lies peddled by Fox News are getting more and more blatant. Wondering what’s behind the disaster at Silicon Valley Bank last week? Well, the brainiacs at Fox News and The Wall Street Journal have figured it out: Apparently, the company spent too much time worrying about “wokeness” and “diversity.” Specifically, Fox claims that SVB gave $73 million to “Black Lives Matter-related” activities. “Silicon Valley Bank, brace yourself, spent more than $73 million on donations to BLM and related organizations,” Tucker Carlson told his audience Tuesday night. Ainsley Earhardt followed up Wednesday on Fox & Friends, reporting that SVB donated “more than $73 million to Black Lives Matter.” Dispatches on Fox continued throughout the day; the story was picked up on Breitbart and the Daily Mail. It was all based on data compiled by the Claremont Institute—the right-wing think-tank last seen gifting the American people with the nutty electoral theories of Trump attorney John Eastman—and it represents some astonishingly bad reporting. Josh Marshall of Talking Point Memo and Judd Legum of Popular Information broke it down, and if you need a window onto the ignorance and credulity that passes for right-wing “research,” check their receipts. It turns out Claremont has a whole database of the investments major corporations have made to BLM groups, and it represents many billions of dollars. If BLM truly had that kind of funding, the movement would be unstoppable. But Marshall examines where the corporate largesse is really going. He can’t find any evidence that SVB funded BLM activities. Claremont cites nine SVB internal reports to back up its claim, but the reports document nothing to do with funding BLM; there are studies of diversity endeavors; there’s a mention of investment in low to moderate-income local communities. Even if you assume anything having to do with Black people gets counted as funding BLM, that funding is far less than the $73 million Claremont claimed to find. https://www.thenation.com/article/society/silicon-valley-bank-black-lives-matter/ 1 1 Quote [/img] Link to comment Share on other sites More sharing options...
IrishLass Posted March 17 Share Posted March 17 15 hours ago, ICRockets2 said: It's called "regulatory capture". Industries lobby government to deregulate because they want to increase profits, and an easy way to do that is to make it so your business doesn't have to concern itself with worker and/or consumer safety. It's no coincidence that this movement began with Carter and Reagan. Buckley v. Valeo was a 1976 Supreme Court decision that basically set the wheels in motion for Citizens United. From that point forward, regulatory capture has been super easy for corporations and billionaires. It got to the point where it even went beyond lobbying politicians to pass deregulating legislation, and now we see industry people getting appointed to high positions in the Fed, in the FDA, in the CDC, etc. So now they get to just set industry-friendly policy themselves. Yup, that's how the whole Vaccine Mandate thing got going. Let's mandate something that's been rushed to market and barely tested. I hope you didn't fall for that one! Quote Link to comment Share on other sites More sharing options...
ICRockets2 Posted March 17 Share Posted March 17 53 minutes ago, IrishLass said: Yup, that's how the whole Vaccine Mandate thing got going. Let's mandate something that's been rushed to market and barely tested. I hope you didn't fall for that one! Never respond to me, Patti. 1 Quote Link to comment Share on other sites More sharing options...
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