Tag: Credit Suisse

ECP Newsletter Headlines Elon, Power, Actors, Credit Suisse

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ECP NETHAPPENINGS NEWSLETER 7/15/23 

@tribelaw
Why don’t people ask why in the world does the Senate continue to operate under rules that give each and every US Senator so much unilateral power to fu-k up the entire nation?????????
How can this sicko get a following among anti-Trumpers?

Republicans against Trump
RFK Jr. says COVID was ‘ethnically targeted’ to spare Jews and Chinese people.
I’m starting to think there’s something really really wrong with this guy…
(Love to see the uncomfortable reaction around him.)


RFK Jr. might as well be a KKK Nazi for all the difference it’d make in his lunatic ideas and their terrifying implications.
The coverage of that Bobby Kennedy Jr. press dinner in NYC this week buried the awful lede: he actually said that “COVID-19 is targeted to attack Caucasians and black people. The people who are most immune are Ashkenazi Jews and Chinese.”
He is a menace.
https://www.thedailybeast.com/rfk-jr-covid-19-ethnically-targeted-to-spare-jews-and-chinese

When confronted with incriminating recordings:
“My anti-Semitism was OFF-THE-RECORD!”
—Robert F. Kennedy, Jr

“My espionage was OFF-THE-RECORD!”
—Donald J. Trump

More than $200 billion in Covid aid disbursed by the Small Business Administration may have been stolen by fraudsters, according a federal watchdog. This would represent 17% of the $1.2 trillion disbursed.

@elonmusk  talked about xAI, his new AI company, on Twitter Spaces this afternoon. Here’s everything you need to know:
https://twitter.com/thealexker/status/1679994716023037952
xAI is in competition with both Google and OpenAI
Every company has used Twitter data for training, in all cases, illegally.
Scraping brought Twitter’s system to its knees; hence rate limiting was needed. Public tweets will be used for training: text, images, and videos.

Elon / Twitter has limited the amount of accounts you can view on profiles under the “Following” tab to the most recent 100 accounts.
What does that mean?
Throw a few hundred more follows toward each bot – suddenly it becomes impossible to see who originally funded them.
By design.

There is a reason religious movements are seeking power now. Who funds religious movements? Well, many shady actors – but a lot comes from fossil fuel corporations. There is an end-date for these types to gain control of the climate change narrative. They’re accelerationists.

THE FBI STORY (1959)

What’s interesting about this film is it was made because the administration at the time wanted it produced.
#ComingUpOnTCM
THE FBI STORY (1959) #JamesStewart #VeraMiles #MurrayHamilton
Dir.: #MervynLeRoy 10:45 AM PT
An FBI agent thinks back on the Bureau’s battles against the Klan, organized crime, and Communist spies. h 29m | Crime | TV-PG
#TCM #SaveTCM

Striking actor Ron Perlman responds to studio executive who said, “The endgame is to allow things to drag on until union members start losing their houses”
“There’s a lot of ways to lose your house. One of them is figuring out who the fuck said that. And where he fucking lives.”
https://twitter.com/CanadianCentury/status/1680007787886047233

Hi, all. I write jokes for TV, but not long ago I was a financial analyst. I had my Series 7.
For those who say Fran Drescher or any SAG-AFTRA member should stop whining and appreciate what they have, let me give you a lesson in capitalism.
https://twitter.com/Pappiness/status/1679924995626266624
The WGA and SAG-AFTRA are dealing mainly with publicly traded companies, companies that have a fiduciary responsibility to their shareholders.
Netflix, for example, has 88.21% of their shares held by institutional investors – banks, hedge funds, insurance companies, etc.
This morning, Netflix stock hit a 52-week high. They made institutional investors alone $106+ billion dollars this year.
$106 BILLION.
Fran Drescher, for her entire life, is worth $25 million. It’s easy to get mad at Ted Sarandos or David Zaslav or Bob Iger, but they get paid so much because their only job is to make rich people richer.
The WGA and SAG-AFTRA aren’t fighting against rich CEOs. They’re fighting against an entire system incentivized to exploit workers.
A-list actors get paid so much because they’re worth it. Someone has done the math. You don’t have a poster of Bob Iger hanging up in your room. You don’t binge watch a show with David Zaslav. You don’t go to Comic Con to meet faceless billionaires. You pay to see stars.
Not to mention that, in reality, 87% of SAG-AFTRA union members don’t quality for health insurance. How much do they have to make to qualify? $26,000 a year. These are working class people, just like you.
The wealthiest 1% hold 53% of ALL stocks. The top 10% hold 88.6% of ALL stocks.
Every dollar these media companies don’t give to a writer or actor, they hand to millionaires and billionaires.
When you say actors and writers are spoiled, you’re on the wrong side of history.

NEW: Results from parliamentary  Credit Suisse bankruptcy investigation won’t be disclosed for the next 50 years

  • Allowing the bankruptcy of troubled lender Credit Suisse would have crippled Switzerland’s economy and financial center and likely resulted in deposit runs at other banks, Swiss regulator FINMA said Wednesday.
  • FINMA and the Swiss central bank brokered UBS’ takeover for embattled Zurich rival Credit Suisse for 3 billion Swiss francs ($3.3 billion), in a deal announced on March 19.
  • The bankruptcy plan, FINMA CEO Urban Angehrn said in a statement, was “de-prioritised early on due to its high tangible and intangible costs.”

Senator Elizabeth Warren Slams Treasury Secretary Yellen and Bank Regulator Hsu for “Courting Disaster” on Bank Mergers
Senator Elizabeth Warren is the Chair of the Senate Banking Committee’s
Subcommittee on Economic Policy. She is also the most knowledgeable member of Congress when it comes to the mega banks on Wall Street
https://wallstreetonparade.com/2023/07/senator-elizabeth-warren-slams-treasury-secretary-yellen-and-bank-regulator-hsu-for-courting-disaster-obank-mergers/

JPMorgan Chase Files a Notice of Appeal in Jeffrey Epstein Victim Case It
“Settled” for $290 Million
Unless you have been living off the grid for the past month, chances are you have seen a barrage of headlines blaring that the largest bank in the United States, JPMorgan Chase, agreed to settle a class action lawsuit for $290 million that was filed by sexual ….
https://wallstreetonparade.com/2023/07/jpmorgan-chase-files-a-notice-of-appeal-in-jeffrey-epstein-victim-case-it-settled-for-290-million/