Anti Woke MAGA Bank Shutting Down After Mismanagement, General Sucking

[skews13]

That "anti-woke" bank called itself GloriFi, a portmanteau of "glory" and "financial malpractice" that premised itself on being, well, not woke. No, that was the whole gimmick. It was going to be a bank for MAGA-type Republicans who didn't want to put their money in a bank unless it catered to gun-toting, white nationalism-adjacent flag-humping cultural anti-wokeness.

You can glean from this description what all the people involved with this new bank believed "anti-woke" to mean. "Woke" means not getting to shoot at people you don't like, and "anti-woke" means getting a discount on financial products if you do shoot people you don’t like. There's no singing “America the Beautiful” for this crowd—it was guns, guns, murder, and guns.

It turns out that was not, by itself, a sufficient business plan.

The startup was run out of co-founder Toby Neugebauer's 16,000 square foot mansion in Dallas, Texas, and the Journal's sources portrayed Neugebauer as a frequently drunk, often "volatile" executive who would berate employees and vendors and was rapidly losing the confidence of investors.

If "anti-woke" means putting your money into a "bank" run out of a belligerent rich drunk's house, it turns out that most people would rather be "woke" after all. Go figure!

That's that, then. We’ve got ourselves the financial equivalent of a dead parrot. It wasn't even two full months ago that fascist figurehead Owens was touting this weird gun-obsessed startup as something that "will overtake Bank of America, Wells Fargo, Chase & #Paypal very quickly." Now it's cooked like a Thanksgiving turkey.

Daily Kos

Daily Kos is a progressive news site that fights for democracy by giving our audience information and resources to win elections and impact government. Our coverage is assiduously factual, ethical, and unapologetically liberal. We amplify what we think is important, with the proper context—not...

m.dailykos.com

Well, that brings up a lot of questions. The biggest being how many fiduciary, and banking laws were broken?

Merrick Garland still has at least two more years to look into it.

 

[Auld Phart]

That "anti-woke" bank called itself GloriFi, a portmanteau of "glory" and "financial malpractice" that premised itself on being, well, not woke. No, that was the whole gimmick. It was going to be a bank for MAGA-type Republicans who didn't want to put their money in a bank unless it catered to gun-toting, white nationalism-adjacent flag-humping cultural anti-wokeness.

You can glean from this description what all the people involved with this new bank believed "anti-woke" to mean. "Woke" means not getting to shoot at people you don't like, and "anti-woke" means getting a discount on financial products if you do shoot people you don’t like. There's no singing “America the Beautiful” for this crowd—it was guns, guns, murder, and guns.

It turns out that was not, by itself, a sufficient business plan.

The startup was run out of co-founder Toby Neugebauer's 16,000 square foot mansion in Dallas, Texas, and the Journal's sources portrayed Neugebauer as a frequently drunk, often "volatile" executive who would berate employees and vendors and was rapidly losing the confidence of investors.

If "anti-woke" means putting your money into a "bank" run out of a belligerent rich drunk's house, it turns out that most people would rather be "woke" after all. Go figure!

That's that, then. We’ve got ourselves the financial equivalent of a dead parrot. It wasn't even two full months ago that fascist figurehead Owens was touting this weird gun-obsessed startup as something that "will overtake Bank of America, Wells Fargo, Chase & #Paypal very quickly." Now it's cooked like a Thanksgiving turkey.

Daily Kos

Daily Kos is a progressive news site that fights for democracy by giving our audience information and resources to win elections and impact government. Our coverage is assiduously factual, ethical, and unapologetically liberal. We amplify what we think is important, with the proper context—not...

m.dailykos.com

Well, that brings up a lot of questions. The biggest being how many fiduciary, and banking laws were broken?

Merrick Garland still has at least two more years to look into it.

Merrick Garland still has at least two more years to look into it.

does he?

 

[sealybobo]

That "anti-woke" bank called itself GloriFi, a portmanteau of "glory" and "financial malpractice" that premised itself on being, well, not woke. No, that was the whole gimmick. It was going to be a bank for MAGA-type Republicans who didn't want to put their money in a bank unless it catered to gun-toting, white nationalism-adjacent flag-humping cultural anti-wokeness.

You can glean from this description what all the people involved with this new bank believed "anti-woke" to mean. "Woke" means not getting to shoot at people you don't like, and "anti-woke" means getting a discount on financial products if you do shoot people you don’t like. There's no singing “America the Beautiful” for this crowd—it was guns, guns, murder, and guns.

It turns out that was not, by itself, a sufficient business plan.

The startup was run out of co-founder Toby Neugebauer's 16,000 square foot mansion in Dallas, Texas, and the Journal's sources portrayed Neugebauer as a frequently drunk, often "volatile" executive who would berate employees and vendors and was rapidly losing the confidence of investors.

If "anti-woke" means putting your money into a "bank" run out of a belligerent rich drunk's house, it turns out that most people would rather be "woke" after all. Go figure!

That's that, then. We’ve got ourselves the financial equivalent of a dead parrot. It wasn't even two full months ago that fascist figurehead Owens was touting this weird gun-obsessed startup as something that "will overtake Bank of America, Wells Fargo, Chase & #Paypal very quickly." Now it's cooked like a Thanksgiving turkey.

Daily Kos

Daily Kos is a progressive news site that fights for democracy by giving our audience information and resources to win elections and impact government. Our coverage is assiduously factual, ethical, and unapologetically liberal. We amplify what we think is important, with the proper context—not...

m.dailykos.com

Well, that brings up a lot of questions. The biggest being how many fiduciary, and banking laws were broken?

Merrick Garland still has at least two more years to look into it.

I always wish Republicans would completely take over a state and show us how it's done. Show us their regulations or lack of work. Instead we see people in Texas freezing or being charged $15,000 when one snow storm rolls through. They just don't think about what if. Then when it happens, they come crawling to the Federal Government.

Their banks, business' would collapse. Workers would move to Blue states. We'd take their best and brightest.

This is happening now. Look at Kentucky, Alabama or Georgia. Hershel Walker is observably dumb and yet half the hicks there are voting for him. Smart people in red states get jobs in blue states.

 

[odanny]

Sounds like it turned out like Trump steaks, Trump wine, and Trump University.

 

[BULLDOG]

Sounds a lot like that religious nut insurance scam. The dupes that fall for this scam pay a premium every month, but instead of purchasing insurance, the premium supposedly goes to "sharing" the medical expenses of other religious nut dupes. In return, they will "share" any medical expenses you might have. Since it is not insurance, there are no regulations for what must be covered, They are careful to not say what they will pay or under what circumstances, only that the group shares their medical expens. They get away with it by claiming to be a religious organization.

Medi-Share® - Your Solution for Big Savings on Healthcare Costs

www.getmedishare.com