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Joined 1 year ago
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Cake day: July 3rd, 2023

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  • Now now, he’s not lying lying, he’s just really into “alternative appraisal and accounting methods”. Kinda like that aunt who does her own research and swears by essential oils and homeopathy, but with money.

    Let me give you an example. Let’s say that I have a truck load of coarse sand, like 25 tons. I manage to sell a single 10mg grain of sand for 1 USD. By appraising my sand based fortune on this single data point, I could claim that a gram is worth 100 USD, thus I have 2.5 billion USD tied up in sand. We both know that I obviously can’t liquidate my sand for that amount, but that doesn’t matter, because all I need is to convince a bank that my appraisal is sound and then use the sand as collateral for a 100 million USD loan. Some of that loan I’ll further invest in the sand business, after all it’s booming. More sand equals more collateral, and seeing as one bank was satisfied with my collateral, then I will be able to get other banks in on it too. And now I can live like a billionaire, all because I have invested in coarse sand. And if the banks figure out that I’m full of it, then what are they going to do? Take me to court and look like idiots for buying into my sand appraisal? And risk bankruptcy as it’s revealed that the collateral the bank has for its lending business is worthless? Better to keep quiet and prop up the sand mogul.



  • IANAL (goes without saying, I guess)

    If the city of Springfield can document damages resulting from Vance’s lies, then the city should definitely try to recoup their expenses. But from Vance personally, not the campaign org. The organization will be shut down by mid November and Springfield isn’t going to get a ruling before then. Besides, are we sure whether the campaign organization is even responsible for what unvetted shit a candidate spews?

    Could this be a class action? I mean the city had OT to the police, but individuals had to miss work, kids missed school, and many other people were terrified. IDK but this smells like punitive damages.

    Legal Eagle should do a take on this.










  • I like the fairphone idea, I really do, and I realize that maintaining the fairphone ecosystem is expensive… But! 550€ on sale for a 128GB storage and 6GB RAM phone? GTFO. Update promises are great, but a small company promising 7 years? I hope that the fairphone company survives that long, and even longer, but I wouldn’t be basing my phone purchase on that promise.

    For my usage I can get comparable phones for the same cost per day, but with less of an initial investment, and without the risk of time.