7 ms·

"The guilty plea would brand the planemaker a felon and could complicate its ability to sell products to the U.S. government. About 32% of Boeing’s nearly $78 b

"The guilty plea would brand the planemaker a felon and could complicate its ability to sell products to the U.S. government. About 32% of Boeing’s nearly $78 billion in revenue last year came from its defense, space and security unit." Well that's a fun little fact

labster 2y ago
I’m sure we can come up with national security reasons to hire convicted felons with their own lobbyists and captured administrators.
- KingOfCoders 2y ago
  The convicted felon in the White House next year will make sure his fellow felons get what they want.
  - metadat 2y ago
    Let's hope not.
  - justinclift 2y ago
    If such a convicted felon were to pardon themselves, would they be a convicted felon any more?
    - HeatrayEnjoyer 2y ago
      The president can only pardon federal crimes.
      - manquer 2y ago
        I don’t think he needs to. they will appeal based on the insanely broad immunity ruling and get the conviction overturned on procedural loophole created by the ruling - no evidence from his presidency even for unofficial acts and justice department will not retry a sitting president. He is likely to get the convictions even in the caroll defamation case for the same reason. Only the fraudulent valuation case is likely survive this Supreme Court ruling.
        mminer237 2y ago
        His conviction was based on criminal acts entirely when he was not president.
        manquer 2y ago
        No this is a common misconception. He was convicted for falsifying business records nothing else. All the records that were fraudulently submitted were starting Jan 2017. The hush money payment wasn't illegal, hiding it was. It rose to a felony instead of misdemeanor because it was done in service another crime which is campaign finance violation, the other crime need not be proven and he was not charged with that. All they got him for paying cohen illegally. Also there was some evidence introduced from his time as president , he would argue that evidence is now inadmissible and in a favourable court they will declare mistrial and ask the lower court to do it again. If he wins again the prosecution will have to pause and he gets the delay he wants.
    - razakel 2y ago
      Yes. Pardons are clemency - they don't overturn the conviction, it just means the person doesn't receive any punishment.
      - justinclift 2y ago
        Interesting. Would such a person be able to change the rules so presidential pardons entirely void whatever they're pardoning?
        razakel 2y ago
        The president has the power to pardon; he does not have the power to overturn a conviction. That would require a constitutional amendment. The British parliament has recently done exactly that in the wake of the Horizon scandal - the convictions have been deleted and considered to have never happened.
        justinclift 2y ago
        Thanks. Am just trying to think through how a potential dodgy president could manage to get themselves cleared of things like that. ;)
mfritsche 2y ago
Well yeah. Don't wait for Boeing supply to be replaced by AliExpress orders.
monero-xmr 2y ago
Banks are declared “too big to fail”. Banks! How can a bank be so important, and ostensibly private, that it can’t fail and let its shareholders take their licks? There is no world - none - literally no possible universe - that Boeing cannot sell to the government, or that it fails, or that its planes get grounded indefinitely, or anything even remotely close to this outcome. There are 2 plane makers of appreciable size on earth, Boeing and Airbus. They are essentially government owned enterprises. Boeing has made a strategic decision and nothing of consequence whatsoever will come of this. Maybe a few people go to jail for a few months. That’s literally it
- mulmen 2y ago
  Banks are not declared too big to fail. They are sometimes described that way. But banks fail all the time. It’s why the FDIC exists. Boeing and the US government have a long and intimate relationship but it is mutual. Boeing was fully vertically integrated until it was favorable to encourage competition in the aviation industry and the US government broke the company up. Boeing is not untouchable.
  - lordnacho 2y ago
    Think he means certain banks. Think JP Morgan, Citi, that kind of bank, rather than banks as a whole.
    - chaostheory 2y ago
      You’re describing a GSIB. There are only 4-6 banks in the US that’s considered a GSIB
      - dabraham1248 2y ago
        8 (1). And I think that, in this context, those 8 plus the 22 US D-SIBs (2) means that there's 30. FWIW, I _think_ I'm not just pedantically correcting a particular number. I think I'm asserting that keeping track of n organizations is roughly O(n^2), so it's not 4 times as much work to keep track of them all, but more like 56 times as much work. I think that's a real difference that requires a different approach. I get that _you're_ not saying anything re: approach, just terminology. But I think the number matters to this subthread. 1. https://en.wikipedia.org/wiki/List_of_systemically_important_banks#List_of_Global_Systemically_Important_Banks_(G-SIBs) https://en.wikipedia.org/wiki/List_of_systemically_important... 2. https://en.wikipedia.org/wiki/List_of_systemically_important_banks#List_of_Domestic_Systemically_Important_Banks_(D-SIBs) https://en.wikipedia.org/wiki/List_of_systemically_important...

labster 2y ago

I’m sure we can come up with national security reasons to hire convicted felons with their own lobbyists and captured administrators.

KingOfCoders 2y ago
The convicted felon in the White House next year will make sure his fellow felons get what they want.
- metadat 2y ago
  Let's hope not.
- justinclift 2y ago
  If such a convicted felon were to pardon themselves, would they be a convicted felon any more?
  - HeatrayEnjoyer 2y ago
    The president can only pardon federal crimes.
    - manquer 2y ago
      I don’t think he needs to. they will appeal based on the insanely broad immunity ruling and get the conviction overturned on procedural loophole created by the ruling - no evidence from his presidency even for unofficial acts and justice department will not retry a sitting president. He is likely to get the convictions even in the caroll defamation case for the same reason. Only the fraudulent valuation case is likely survive this Supreme Court ruling.
      - mminer237 2y ago
        His conviction was based on criminal acts entirely when he was not president.
        manquer 2y ago
        No this is a common misconception. He was convicted for falsifying business records nothing else. All the records that were fraudulently submitted were starting Jan 2017. The hush money payment wasn't illegal, hiding it was. It rose to a felony instead of misdemeanor because it was done in service another crime which is campaign finance violation, the other crime need not be proven and he was not charged with that. All they got him for paying cohen illegally. Also there was some evidence introduced from his time as president , he would argue that evidence is now inadmissible and in a favourable court they will declare mistrial and ask the lower court to do it again. If he wins again the prosecution will have to pause and he gets the delay he wants.
  - razakel 2y ago
    Yes. Pardons are clemency - they don't overturn the conviction, it just means the person doesn't receive any punishment.
    - justinclift 2y ago
      Interesting. Would such a person be able to change the rules so presidential pardons entirely void whatever they're pardoning?
      - razakel 2y ago
        The president has the power to pardon; he does not have the power to overturn a conviction. That would require a constitutional amendment. The British parliament has recently done exactly that in the wake of the Horizon scandal - the convictions have been deleted and considered to have never happened.
        justinclift 2y ago
        Thanks. Am just trying to think through how a potential dodgy president could manage to get themselves cleared of things like that. ;)

mfritsche 2y ago

Well yeah. Don't wait for Boeing supply to be replaced by AliExpress orders.

monero-xmr 2y ago

Banks are declared “too big to fail”. Banks! How can a bank be so important, and ostensibly private, that it can’t fail and let its shareholders take their licks? There is no world - none - literally no possible universe - that Boeing cannot sell to the government, or that it fails, or that its planes get grounded indefinitely, or anything even remotely close to this outcome. There are 2 plane makers of appreciable size on earth, Boeing and Airbus. They are essentially government owned enterprises. Boeing has made a strategic decision and nothing of consequence whatsoever will come of this. Maybe a few people go to jail for a few months. That’s literally it

mulmen 2y ago
Banks are not declared too big to fail. They are sometimes described that way. But banks fail all the time. It’s why the FDIC exists. Boeing and the US government have a long and intimate relationship but it is mutual. Boeing was fully vertically integrated until it was favorable to encourage competition in the aviation industry and the US government broke the company up. Boeing is not untouchable.
- lordnacho 2y ago
  Think he means certain banks. Think JP Morgan, Citi, that kind of bank, rather than banks as a whole.
  - chaostheory 2y ago
    You’re describing a GSIB. There are only 4-6 banks in the US that’s considered a GSIB
    - dabraham1248 2y ago
      8 (1). And I think that, in this context, those 8 plus the 22 US D-SIBs (2) means that there's 30. FWIW, I _think_ I'm not just pedantically correcting a particular number. I think I'm asserting that keeping track of n organizations is roughly O(n^2), so it's not 4 times as much work to keep track of them all, but more like 56 times as much work. I think that's a real difference that requires a different approach. I get that _you're_ not saying anything re: approach, just terminology. But I think the number matters to this subthread. 1. https://en.wikipedia.org/wiki/List_of_systemically_important_banks#List_of_Global_Systemically_Important_Banks_(G-SIBs) https://en.wikipedia.org/wiki/List_of_systemically_important... 2. https://en.wikipedia.org/wiki/List_of_systemically_important_banks#List_of_Domestic_Systemically_Important_Banks_(D-SIBs) https://en.wikipedia.org/wiki/List_of_systemically_important...