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Edited by Mrph1 on Nov 30th 2023 at 11:03:59 AM

Steven (Edited uphill both ways) Relationship Status: YOU'RE TEARING ME APART LISA
#323176: Aug 10th 2020 at 12:19:52 PM

You know, people treat the economy like God. They're accusing Biden of taking God away. Ergo, Biden wants to take the economy away or kill it.

Remember, these idiots drive, fuck, and vote. Not always in that order.
ShinyCottonCandy Everyone's friend Malamar from Lumiose City (4 Score & 7 Years Ago) Relationship Status: Who needs love when you have waffles?
Everyone's friend Malamar
#323177: Aug 10th 2020 at 12:20:31 PM

Makes me wonder how many heads would explode if someone became president and waited until being elected to reveal they weren’t Christian. Especially if they were *gasp* an atheist.

My musician page
CharlesPhipps Since: Jan, 2001
#323178: Aug 10th 2020 at 12:20:50 PM

https://www.reuters.com/article/us-eastman-kodak-stocks/kodak-shares-plunge-after-u-s-blocks-765-million-loan-deal-idUSKCN2561JE?il=0&utm_source=reddit.com

Kodak has lost a 1/3rd (Edit: now 40%) of its value marketwise due to the blocking of a 765 million dollar deal from the Trump administration. Notably, this rivals Enron and Madoff for all time greatest examples of fraud.

Because the almost billion dollar loan was on the premise of them making drugs for Covid-19.

Which the executives privately admitted they had no intention of doing so.

You know...being a CAMERA company.

Edited by CharlesPhipps on Aug 10th 2020 at 12:21:42 PM

Author of The Rules of Supervillainy, Cthulhu Armageddon, and United States of Monsters.
CharlesPhipps Since: Jan, 2001
#323179: Aug 10th 2020 at 12:23:18 PM

That reminds me of when people accused Obama of being a Muslim, to which my thought was '...and?'

Accusing people of being Secret Muslims and Jews is what created the Spanish Inquisition and is arguably the beginning of racism as we know it.

Author of The Rules of Supervillainy, Cthulhu Armageddon, and United States of Monsters.
ShinyCottonCandy Everyone's friend Malamar from Lumiose City (4 Score & 7 Years Ago) Relationship Status: Who needs love when you have waffles?
Everyone's friend Malamar
#323180: Aug 10th 2020 at 12:23:27 PM

[up][up]...There really should be someone whose job is to oversee these kinds of deals being made and call out when the basis is nonsensical.

Edited by ShinyCottonCandy on Aug 10th 2020 at 3:23:22 PM

My musician page
CharlesPhipps Since: Jan, 2001
#323181: Aug 10th 2020 at 12:26:12 PM

Not unrelated, apparently the Trump Administration has recently been noted as being the all-time most unregulated and unenforced white collar crime time in America's history.

https://www.bloomberg.com/news/articles/2020-08-10/trump-oversees-all-time-low-in-white-collar-crime-enforcement

But it saddens me that the biggest surprise from this is someone actually bothered to stop the lunacy of this blatant 1 billion dollar embezzlement.

The GOP certainly does love its socialism (for corporations).

Edited by CharlesPhipps on Aug 10th 2020 at 12:26:37 PM

Author of The Rules of Supervillainy, Cthulhu Armageddon, and United States of Monsters.
Redmess Redmess from Netherlands Since: Feb, 2014
Redmess
#323182: Aug 10th 2020 at 12:26:58 PM

[up][up][up][up] Is that really true? Because that totally sounds made up. Why would Kodak risk their reputation on a scam like that?

Edited by Redmess on Aug 10th 2020 at 9:27:19 PM

Hope shines brightest in the darkest times
Ultimatum Disasturbator from the Amiga Forest (Old as dirt) Relationship Status: Who needs love when you have waffles?
Disasturbator
#323183: Aug 10th 2020 at 12:29:14 PM

Cos they need make money besides selling cameras?

have a listen and have a link to my discord server
CharlesPhipps Since: Jan, 2001
#323184: Aug 10th 2020 at 12:31:26 PM

Is that really true? Because that totally sounds made up. Why would Kodak risk their reputation on a scam like that?

I believe the answer is 765 million dollar dollars.

But no, it's 100% true.

https://reason.com/2020/08/05/the-trump-administrations-765-million-kodak-deal-is-more-proof-that-economic-nationalism-is-a-scam/

Promises were already made to basically use the money to prop up all of its other losses and no real intention of making pharmaceuticals because, again, it's a scam.

And they're paying the price for it with their value having been halved.

Edited by CharlesPhipps on Aug 10th 2020 at 12:33:10 PM

Author of The Rules of Supervillainy, Cthulhu Armageddon, and United States of Monsters.
Resileafs I actually wanted to be Resileaf Since: Jan, 2019
I actually wanted to be Resileaf
#323185: Aug 10th 2020 at 12:31:31 PM

Presumably they expected that their obvious scam would go through like all the other obvious scams because they promised Trump something in return.

CharlesPhipps Since: Jan, 2001
#323186: Aug 10th 2020 at 12:35:01 PM

Presumably they expected that their obvious scam would go through like all the other obvious scams because they promised Trump something in return.

It's the laziness that offends me. At least buy a smaller medical company for like 60 million dollars. Give yourself some deniability.

And yes, there's another "pharmaceutical company" That Trump gave a huge amount of money too that....doesn't have any pharmaceutical manufacturing facilities yet. It was founded to try to get loans from Trump.

Edited by CharlesPhipps on Aug 10th 2020 at 12:37:45 PM

Author of The Rules of Supervillainy, Cthulhu Armageddon, and United States of Monsters.
smokeycut Since: Mar, 2013
#323187: Aug 10th 2020 at 12:42:11 PM

Kodak has been slowly dying for years now. They employed a massive number of people in my city, and now hardly anyone works there. I’m not surprised they leapt at this opportunity to stay afloat just a while longer.

CharlesPhipps Since: Jan, 2001
#323188: Aug 10th 2020 at 12:43:33 PM

The camera phone is the reason of course and diversifying your portfolio is wise.

This is, however, just fraud and shouldn't be treated any differently than robbing a bank.

Author of The Rules of Supervillainy, Cthulhu Armageddon, and United States of Monsters.
Redmess Redmess from Netherlands Since: Feb, 2014
Redmess
#323189: Aug 10th 2020 at 12:57:07 PM

They must be quite desperate to resort to such brazen fraud.

Hope shines brightest in the darkest times
Ultimatum Disasturbator from the Amiga Forest (Old as dirt) Relationship Status: Who needs love when you have waffles?
Disasturbator
#323190: Aug 10th 2020 at 12:57:38 PM

They probably have nothing to lose at this point

have a listen and have a link to my discord server
CharlesPhipps Since: Jan, 2001
#323191: Aug 10th 2020 at 1:00:23 PM

Or just greedy.

The company wasn't in need of a bail out, it just wanted as much of the money as they could get for nothing.

Edited by CharlesPhipps on Aug 10th 2020 at 1:02:03 AM

Author of The Rules of Supervillainy, Cthulhu Armageddon, and United States of Monsters.
PresidentStalkeyes Eats moldy bread and flies into windows from United Kingdom of England-land Since: Feb, 2016 Relationship Status: Do you like me? (Yes ⎕ Definitely ⎕ Absolutely!!! ⎕)
Eats moldy bread and flies into windows
#323192: Aug 10th 2020 at 1:00:29 PM

This reminds me of all those tired headlines about how 'those entitled Millennials' are 'killing the X industry'. Because how dare young people decide to spend their money on something they actually want or need rather than arbitrarily prop up an obsolete product! :V

Edited by PresidentStalkeyes on Aug 10th 2020 at 9:01:07 AM

Those sell-by-dates won't stop me because I can't read!
Eschaton Since: Jul, 2010
#323193: Aug 10th 2020 at 1:08:18 PM

The press release announcing the deal says the massive loan to Kodak will create 360 new jobs—that's more than $2.1 million per job.
Seems legit.

Edited by Eschaton on Aug 10th 2020 at 1:09:47 AM

CharlesPhipps Since: Jan, 2001
#323194: Aug 10th 2020 at 1:08:58 PM

Hell, if I'm getting 2.1 million for a new job I'm up for it.

:)

Author of The Rules of Supervillainy, Cthulhu Armageddon, and United States of Monsters.
3of4 Just a harmless giant from a foreign land. from Five Seconds in the Future. Since: Jan, 2010 Relationship Status: GAR for Archer
Just a harmless giant from a foreign land.
#323195: Aug 10th 2020 at 1:14:55 PM

[up][up][up]It's almost like people should just buy the things the economy plans for them to buy instead of the economy following the trends of the marketplace

Wait. Where did I hear that one before, let me get my notebook from my Trabbi.

"You can reply to this Message!"
PresidentStalkeyes Eats moldy bread and flies into windows from United Kingdom of England-land Since: Feb, 2016 Relationship Status: Do you like me? (Yes ⎕ Definitely ⎕ Absolutely!!! ⎕)
Eats moldy bread and flies into windows
#323196: Aug 10th 2020 at 1:16:05 PM

But wait a second, though - this is a loan to Kodak, right? That means they have to pay it back, right?

Or are they just hoping that if they borrow enough money then they'll become Too Big To Fail and the government will continue to keep them afloat in the hopes they'll pay back their loans, which at that point they obviously never would?

Those sell-by-dates won't stop me because I can't read!
Ramidel Since: Jan, 2001
#323197: Aug 10th 2020 at 1:16:59 PM

Give me 2.1 million and I promise, I will create at least two jobs.

I could use a cook and a maid.

ScubaWolf from South Carolina Since: Feb, 2020
#323198: Aug 10th 2020 at 1:17:34 PM

[up][up] Yes.

Edited by ScubaWolf on Aug 10th 2020 at 4:17:30 AM

"In a move surprising absolutely no one"
Kayeka (4 Score & 7 Years Ago)
#323199: Aug 10th 2020 at 1:32:06 PM

If you owe the bank a thousand dollars, you have a problem. If you owe the bank a billion dollars, the bank has a problem.

PresidentStalkeyes Eats moldy bread and flies into windows from United Kingdom of England-land Since: Feb, 2016 Relationship Status: Do you like me? (Yes ⎕ Definitely ⎕ Absolutely!!! ⎕)
Eats moldy bread and flies into windows
#323200: Aug 10th 2020 at 1:33:24 PM

I do love it when rich corporations are all in favour of capitalism until capitalism works as intended and they start to sink because no-one's buying their stuff anymore, at which point they turn around and ask the government for aid. Which the government then gives to them, while continuing to tell everyone how great capitalism is. :V

Edited by PresidentStalkeyes on Aug 10th 2020 at 9:34:47 AM

Those sell-by-dates won't stop me because I can't read!

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