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LOL "The entity is named “Beignet,” presumably because “Off-Balance-Sheet Leverage Vehicle No. 5” tested poorly with focus groups."
by asah 11mo ago
LOL "The entity is named “Beignet,” presumably because “Off-Balance-Sheet Leverage Vehicle No. 5” tested poorly with focus groups."
- lathiat 11mo agoThis entire thing was a masterpiece I love it.
- SOLAR_FIELDS 11mo agoIt definitely has the Voltaire/Onion like snark and cynicism with biting accuracy that really gets me going. We need more well informed rants disguised in heavy sarcasm
- seanmcdirmid 11mo agoIt’s a fitting name for Louisiana at least. But this place is next Monroe which is…nowhere near New Orleans.
- dfedbeef 11mo agoWe get it you want it to be named Boudin
- seanmcdirmid 11mo agoDelta would be a good name. It’s fairly near to the delta in reality.
- randycupertino 11mo agoMeta's accounting games are entirely reminiscent of Enron, who famously named their off-balance sheet debt-hiding special purpose vehicles after Star Wars "Jedi 1, Jedi 2," Jurassic Park, "Raptors 1 through 7," and the crooked CFO's kids "LJM" etc.
- cyanydeez 11mo agoAI companies are running the same frauds as multiple, but I think cryptocurrency/FTX is more apt. They're creating artificial demand by trading contract with themselves and using those assets to make it look like they've got more revenues & assets of value.
- NewsaHackO 11mo agoI assume you have no proof of this, correct?
- cyanydeez 11mo agohttps://media.licdn.com/dms/image/v2/D5622AQGWzJ28VHg98w/feedshare-shrink_2048_1536/B56ZnFpMRwJ4A4-/0/1759957535307?e=2147483647&v=beta&t=kpwjiszh6LSAHABvbZjwRrUA06Dfk4_7yP-E3p-nBic https://media.licdn.com/dms/image/v2/D5622AQGWzJ28VHg98w/fee...
- deleted 11mo ago[deleted]
- venturecruelty 11mo ago"A Love Letter to Enron" would sound really bad in the deposition.