skews13
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- Mar 18, 2017
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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.
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.
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.
'Anti-woke' MAGA bank is shutting down after mismanagement, general sucking
It's a sad week in America. It's also a sad week for billionaire anti-everything troll Peter Thiel, former Mike Pence Chief of Staff Nick Ayers, omnipresent fascist talking head Candace Owens, and a host of other archconservative investors. Mostly,...
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.
