AOC Rules!

[Rover]

Re: AOC Rules!

Thank you for making my point for me perfectly.

No problem chief. Good thing you married up or I'm not sure that Elizabethan Literature grad degree would be paying the bills right now.

 

[Kepler]

Re: AOC Rules!

No problem chief. Good thing you married up or I'm not sure that Elizabethan Literature grad degree would be paying the bills right now.

I wasn't close to smart enough for Elizabethan Literature. That's how I wound up in technology. No imagination.

 

[ScoobyDoo]

Re: AOC Rules!

I wasn't close to smart enough for Elizabethan Literature. That's how I wound up in technology. No imagination.

Yes, that's how I look at it. I wasn't good enough for that either.

 

[5mn_Major]

Re: AOC Rules!

I'm with you there. I think her point is that the people using the pipeline aren't paying for the clean up either. That scenario has played out thousands of times and we as a society continue to just let it happen.

Maybe her point is that they should not be financing it unless clean up is part of the deal. But, that would be government regulation which we can't have because, Republicans.

Makes no sense to me. "Institutions can engage in unlimited financing of fossil fuels, building unstable pipelines + reaping profits, but when the bill comes to clean up oil spills & fix damages - they can conveniently kick the can."

If you're liable if you finance something, 1) Dakota will just cut costs - afterall, Wells is forced to pay for catastrophies. Where does it end? Wells would then be responsible for unlimited homeowner negligence? 2) cost to borrow anything would skyrocket - financial institutions would and pretty much must pass on the costs. When posters on a message board can poke holes in ideas...they're not well thought out.

 

[Kepler]

Re: AOC Rules!

Yes, that's how I look at it. I wasn't good enough for that either.

The great thing is, the classics are free. We are a society where a Kennedy School public policy certification costs $100k but the entire corpus of Greek and Roman literature is digitized and online available absolutely free.

Money and toys are how we keep the dummies occupied and out of our hair, so we can enjoy what's important.

 

[ScoobyDoo]

Re: AOC Rules!

Makes no sense to me. "Institutions can engage in unlimited financing of fossil fuels, building unstable pipelines + reaping profits, but when the bill comes to clean up oil spills & fix damages - they can conveniently kick the can."

If you're liable if you finance something, 1) Dakota will just cut costs - afterall, Wells is forced to pay for catastrophies. Where does it end? Wells would then be responsible for unlimited homeowner negligence? 2) cost to borrow anything would skyrocket - financial institutions would and pretty much must pass on the costs. When posters on a message board can poke holes in ideas...they're not well thought out.

What makes no sense?

The fact is no one is paying for the clean up except the taxpayer. Everyone else involved in the project is reaping profit. It's classic privatize the profits and socialize the losses. It's also classic Republican Socialism. Which, the Democrats should be hanging around every one of their necks.

 

[rufus]

Me too. We spent more time at the bar than discussing whacko conspiracy theories!

Education's what you make of it.

 

[rufus]

What makes no sense?

The fact is no one is paying for the clean up except the taxpayer. Everyone else involved in the project is reaping profit. It's classic privatize the profits and socialize the losses. It's also classic Republican Socialism. Which, the Democrats should be hanging around every one of their necks.

Skin in the game. Republicans are always lecturing poor people that they need some.

 

[Kepler]

Re: AOC Rules!

Which, the Democrats should be hanging around every one of their necks.

We should, but the sad things is plenty of our side are implicated too.

It's like the GWOT. Had we held the line on principles right from the start we'd be in a much better position, but instead the triangulators and the pragmatists dragged us down into the muck with them.

Superior moral instincts don't matter if you don't act on them, and the ethically repellent will always be after you to compromise yourself to justify and insulate themselves.

Wonder how Biden feels now about all those times he was "moderate" on Anita Hill or school integration or mass incarceration? If he had stood by liberal views then he'd have nothing to apologize for now. Wonder how Hillary feels about voting for the Iraq Debacle, when everybody knew she didn't believe in it, she was just a coward? She'd be President now, but no, instead she let "cooler heads" prevail.

The middle of the road is where you find all the corpses.

 

[5mn_Major]

Re: AOC Rules!

What makes no sense?

The fact is no one is paying for the clean up except the taxpayer. Everyone else involved in the project is reaping profit. It's classic privatize the profits and socialize the losses. It's also classic Republican Socialism. Which, the Democrats should be hanging around every one of their necks.

"Institutions can engage in unlimited financing of fossil fuels, building unstable pipelines + reaping profits, but when the bill comes to clean up oil spills & fix damages - they can conveniently kick the can."

If you're liable if you finance something, 1) Dakota will just cut costs - afterall, Wells is forced to pay for catastrophies. Where does it end? Wells would then be responsible for unlimited homeowner negligence? 2) cost to borrow anything would skyrocket - financial institutions would and pretty much must pass on the costs. When posters on a message board can poke holes in ideas...they're not well thought out.

 

[ScoobyDoo]

Re: AOC Rules!

"Institutions can engage in unlimited financing of fossil fuels, building unstable pipelines + reaping profits, but when the bill comes to clean up oil spills & fix damages - they can conveniently kick the can."

If you're liable if you finance something, 1) Dakota will just cut costs - afterall, Wells is forced to pay for catastrophies. Where does it end? Wells would then be responsible for unlimited homeowner negligence? 2) cost to borrow anything would skyrocket - financial institutions would and pretty much must pass on the costs. When posters on a message board can poke holes in ideas...they're not well thought out.

Well, you go back to Joe Biden and get down with your bad self. Me, I appreciate the out of the box thinking.

 

[5mn_Major]

Re: AOC Rules!

Well, you go back to Joe Biden and get down with your bad self. Me, I appreciate the out of the box thinking.

Like out of the box thinking. Don't like the idea of the costs of one party's negligence forced on another party - who will then push it onto the public.

 

[ScoobyDoo]

Like out of the box thinking. Don't like the idea of the costs of one party's negligence forced on another party - who will then push it onto the public.

The public is already paying it. Hello.

 

[Slap Shot]

Re: AOC Rules!

"Institutions can engage in unlimited financing of fossil fuels, building unstable pipelines + reaping profits, but when the bill comes to clean up oil spills & fix damages - they can conveniently kick the can."

If you're liable if you finance something..

I'm not sure there's a practical application behind what people perceive she's arguing, but more importantly I'm not sure she's literally suggesting there be one. More so she's hoping to initiate a dialogue when it comes to laissez faire business transactions. It's worth exploring whether or not lenders should have skin in the game when knowingly financing business adventures that adversely put the public at risk.

 

[ScoobyDoo]

I'm not sure there's a practical application behind what people perceive she's arguing, but more importantly I'm not sure she's literally suggesting there be one. More so she's hoping to initiate a dialogue when it comes to laissez faire business transactions. It's worth exploring whether or not lenders should have skin in the game when knowingly financing business adventures that adversely put the public at risk.

Beautifully stated.

 

[5mn_Major]

Re: AOC Rules!

I'm not sure there's a practical application behind what people perceive she's arguing, but more importantly I'm not sure she's literally suggesting there be one. More so she's hoping to initiate a dialogue when it comes to laissez faire business transactions. It's worth exploring whether or not lenders should have skin in the game when knowingly financing business adventures that adversely put the public at risk.

Nice to have a thoughtful response. You may be reading more into her commentary then there is...but lets say for a minute that's true. I don't think it changes the broader point. Why hold just lenders accountable? What about product suppliers? What about raw material providers? What about accountants? What about every single organization that chooses to work with said company? What is the real reason that we single out loans vis a vis any other enabling product or service?

I don't think so. Let's just have full government oversight to make sure there isn't undue risk...and then put full liability on those responsible if the worst happens. Nobody else is to blame for a criminals activities.

 

[Slap Shot]

Re: AOC Rules!

Nice to have a thoughtful response. You may be reading more into her commentary then there is...but lets say for a minute that's true. I don't think it changes the broader point. Why hold just lenders accountable? What about product suppliers? What about raw material providers? What about accountants? What about every single organization that chooses to work with said company? What is the real reason that we single out loans vis a vis any other enabling product or service?

I don't think so. Let's just have full government oversight to make sure there isn't undue risk...and then put full liability on those responsible if the worst happens. Nobody else is to blame for a criminals activities.

I don't think she's trying to single lenders out - as I said she's suggesting something is amiss and that there's too much deregulation on many fronts.

 

[5mn_Major]

Re: AOC Rules!

I don't think she's trying to single lenders out - as I said she's suggesting something is amiss and that there's too much deregulation on many fronts.

Ah. Perhaps your right.

 

[trixR4kids]

Re: AOC Rules!

I'm not sure there's a practical application behind what people perceive she's arguing, but more importantly I'm not sure she's literally suggesting there be one. More so she's hoping to initiate a dialogue when it comes to laissez faire business transactions. It's worth exploring whether or not lenders should have skin in the game when knowingly financing business adventures that adversely put the public at risk.

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">The key here is in the advance knowledge. When you *knowingly* do something that you know *in advance* will do harm, and do it anyway, you open yourself up.<br><br>Companies *know in advance* that climate change will get worse if we keep growing fossil fuel consumption and production.</p>— Alexandria Ocasio-Cortez (@AOC) <a href="https://twitter.com/AOC/status/1105615248151715843?ref_src=twsrc%5Etfw">March 12, 2019</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[Kepler]

Re: AOC Rules!

Like out of the box thinking. Don't like the idea of the costs of one party's negligence forced on another party - who will then push it onto the public.

That's how the socialization of externalities works right now.