Category Archives: Bidness

Yes, SVB Was a Bailout

Posted on March 23, 2023 by mikethemadbiologist

Just not of the people many people thought it was. Last week, some asshole with a blog noted this about the Silicon Valley Bank takeover: What I can’t wrap my head around is how stupid the venture capitalists who backed … Continue reading →

Posted in Bidness, Economics | 1 Comment

Brown M&Ms and the SVB Bailout

Posted on March 15, 2023 by mikethemadbiologist

And, yes, higher bank FDIC fees (which will be passed on to customers) constitutes a bailout. But I digress. What I can’t wrap my head around is how stupid the venture capitalists who backed these startups were. I don’t expect … Continue reading →

Posted in Bidness, Fucking Morons | 4 Comments

It’s Like Über, but for Deposit Insurance

Posted on March 13, 2023 by mikethemadbiologist

In light of the Silicon Valley Bank bank run and subsequent rescue, David Dayen points out there’s a solution for businesses, known as Insured Cash Sweep, which chops up your money into FDIC-insurable units of $250,000. That would mean these … Continue reading →

Posted in Bidness, Economics | 3 Comments

Davos: On COVID, Watch What We Do, Not What We Say

Posted on January 20, 2023 by mikethemadbiologist

This week, the Davos World Economic Forum, which is a gathering of powerful and famous assholes along with a few decent people who are trying to convince said assholes to occasionally do the right thing, convened. What was noticeable were … Continue reading →

Posted in Bidness, Bullshit As a Load Bearing Structure, COVID-19 | 2 Comments

Biden Must Mint the Coin

Posted on January 10, 2023 by mikethemadbiologist

(from here) For those who aren’t aware of what “mint the coin” refers to, due to legislation about types of coins that the U.S. Treasury can mint, there is actually, as stupid as this seems, an option to mint a … Continue reading →

Posted in Bidness, Conservatives, Democrats, Economics | 6 Comments

The Great Gatsby of 2022

Posted on December 20, 2022 by mikethemadbiologist

I’m not sure there’s any higher meaning to be derived from this story other than WTF?, but here we go. In the 2022 elections, New York Republican Congressman-Elect and challenger defeated a Long Island Democrat. Not exactly news, but here’s … Continue reading →

Posted in Bidness, Conservatives | 2 Comments

Mass Transit: It’s the Contractors, Stupid

Posted on November 7, 2022 by mikethemadbiologist

And the subcontractors. And the sub-subcontractors. One thing that bedevils mass transit in the U.S. is how much it costs to build. Occasionally, we can have nice things, but it’s so expensive we don’t get very much of them. While … Continue reading →

Posted in Bidness, Transportation | 1 Comment

Moderate/Centrist Democrats Got Played by the Rich

Posted on October 21, 2022 by mikethemadbiologist

Wealthy and rich centrist Democrats’ just can’t seem to fund Democratic candidates in general elections, even when their primary candidate won the primary. I could see taking your ball and going home if your candidate didn’t win the primary (so … Continue reading →

Posted in Bidness, Democrats | 1 Comment

The Forward Party Is Wealthy Centrists Threatening the Left

Posted on August 1, 2022 by mikethemadbiologist

Recently, failed Democratic presidential primary candidate Andrew Yang along with other prominent sufferers of Compulsive Centrist Disorder announced the formation of a new third party for the 2024 presidential campaign, called the Forward Party. Jamelle Bouie, taking their claims of … Continue reading →

Posted in Bidness, Democrats | 2 Comments

The Liberating Power of Not Caring About Your Opponents’ Threats: The Student Loans Edition

Posted on April 28, 2022 by mikethemadbiologist

It seems like the Biden administration might make some moves on reducing or eliminating student debt, though other rumors suggest they’re going to do some kind of means testing–because they just can’t help but make things needlessly complicated. All that … Continue reading →

Posted in Bidness, Democrats | 1 Comment