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02-28-2020, 05:00 PM | #1 | |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Money and Climate
The future has always been a concern of bankers and brokers who don't want to get blindsided by something that harms their bottom line. I'm sure they've been keeping an eye on the climate change discussion and possible effects on their businesses.
It appears they are doing some what-if/worst-case thinking. Quote:
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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02-28-2020, 05:02 PM | #2 |
I think this line's mostly filler.
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Oppose an ounce of prevention, and later say it's too late for the pound of cure.
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02-28-2020, 05:07 PM | #3 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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They probably figured it would happen so slowly they'd get their filthy lucre and run leaving the mess to the kids, but it's picking up.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
02-29-2020, 06:18 PM | #4 | |
Read? I only know how to write.
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Quote:
Nothing in those spread sheets defines or even indicated what will happen in 10 and 30 years. If concerned with the product, they would. But finance people routinely ignore that. Which is why even sub-prime loans were so popular among finance types. They did not care what happened (and it was inevitable) many years or even a decade later. Deutsche Bank routinely financed Donald Trump even though his entire history was a long string of defaults. He even defaulted on a $640million loan on a Chicago Tower. Next year, that same bank loaned him more money. No problem. Those loses will fall on other people. The guy who even forged signatures for Trump loans did so only to enrich himself. Bankers and brokers don't give a shit. Brokers even dumped Trump's massive casino losses on other customers. Nothing about global warming appears on or can be quantified on any finance sheet. Most don't care. It is good business to put up a politically correct face. And then do nothing. |
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03-02-2020, 11:00 AM | #5 |
Weaponized Funk
Join Date: Nov 2019
Location: Arizona
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Corporate entities are incapable of seeing past the next quarter's P&L.
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