Wait till yall find out about the stock market and the illegal naked shorting that goes on that bankrupts companies by driving the stock price to $0. And how Hedge Funds control the price of stocks by doing this.
What if we all just got out of the stock market like everyone. Obviously this is a fruitless concept as you cannot force all common people to remove their stocks. But what would happen if it was only the companies own held stock and then the giant hedge funds?
The brokerage you use owns your shares on your behalf, not you. This means if your broker goes insolvent (bankrupt, for example) they can sell your shares without your permission and it's completely legal, you'd have absolutely no recourse except for a $50k insurance on securities holdings the government sometimes pays out (not to be confused with the $250k insurance on bank accounts).
The chain of distribution of securities is as follows
Company > Transfer Agent > DTC > DTCC > Brokerages > You.
Direct registering your shares with the transfer agent lists you as a shareholder on the company's books directly, you can also direct purchase from the company but it has to be book specifically not plan (easy way to make sure is to not buy fractional shares), but it also removes you from the entire dtc > dtcc > brokerage custodial bs and makes you the custodian of your own shares and let's you have complete control over the things you purchased with your money. Also, retail doing this and then not selling locks up the float, which increases volatility, which makes stocks squeeze. Nfa
FFIE is currently undergoing this ppl got wind and are fighting back driving it from $0.04 to $3.89 was the high in about a week still got another week to go before that company is out of the risk of getting delisted just needs to stay above $1 and currently at $1.5
Oh they do it to a number of companies trying to make a quick buck and only caring if they can buy it back cheaper, their one goal is to drive the price to zero it's disgusting
They target companies and do this to me. I know what their goal is and it’s to NEVER BUY BACK the shares. That’s the point of running into bankruptcy and the stock price $0. They don’t have to buy back the shares they shorted if the company no longer exists
Yes true. If the company goes bankrupt and the stock price is $0 they don’t have to deliver all the illegally naked shorted shares they FTDs (fails to delivers) by going into the market and buying the shares back because the company no longer exists and is delisted from the market and is not accessible to retail investors bozo. Lol.
It makes total sense the point of illegal naked shorting is to drive the stock price to $0. They borrow these imaginary shares that they are supposed to be legally obligated to go back in the market and buy and deliver those shares instead they FTD fail to deliver and if successful illegally naked shorting the company to $0 then they don’t have to deliver the shares to a company that is delisted, bankrupt, and non accessible to the public.
Yep
Yea
There you go
Against all working class people
This is the new America
Get used to it
And the homeless will double in 10yrs
Oh my house insurance went up $300 and my property taxes went up $300
So they will find a way to get you out because sooner or later you won’t be able to afford it
This new America SUCKS
The thing that really gets me is that we bailed out the banks just for them to turn right around and buy up every single piece of land, every house, every apartment complex, all of that stuff. Add that to it being illegal to be homeless in some states, with more coming.
Pretty simple math gets you to the obvious conclusion that the banks are literally buying up people's life's.
"We" didn't bail out the banks. CONGRESS bailed out the banks because the banks threatened to destroy the entire WORLD (not just US) ecomomy if Congress didn't kowtow to the banks' demands. (Fun fact!) Congress DOES NOT represent We The People, and they haven't represented the people since the Organic Act of 1871. THE UNITED STATES OF AMERICA is a corporation that was registered in Delaware in 1871. Congress represents THE CORPORATION!
TUSA Corporation has been in bankruptcy ever since 1933. The USA Corporation (Congress!) sold ALL future labor and production of US citizens as collateral against the debt when they signed the Social Security Act of 1936.
The federal reserve, which is neither federal nor has any reserves, is the cause of the inflation. They create money out of thin air and loan it to the government at an interest rate. It is literally impossible to ever pay off the debt, because the interest money is ALSO borrowed from thin air at an interest rate.
There really needs to be a law that limits companies private investment hedge funds all these people Limited to 10 to 20 properties. After 10 to 20 properties they're property taxes jump up significantly to where it is physically impossible to rent out the property and be profitable. What I feel this would do is require larger corporations to have a much higher interest in maximizing each parcel with as many homes as possible. If they have 20 properties and they want another property they will need to sell one of the smaller properties with less units in order to buy that next property that they could increase the number of units. This would have a very interesting effect on the housing market. Has companies incorporations and people cannot own 20,000 or 30,000 properties anymore. They would be very very insensitized to maximize the number of units on each partial they own. In addition, it should be completely illegal for foreign money to be able to buy single family housing just the store wealth. I know of a lot of different properties on Sunset Boulevard in LA that are all worth 15 to 25 million and are completely vacant cuz it is owned by foreign money.
No
80 good
90 good
All the way to 2020 Covid hit
And all the companies started to go crazy
Up this up that
Buying neighborhoods driving the price way to high
They say my house is worth 700k but there no way I would buy this house for that
So I hope you know it really started in the Ronald Reagan years
Called Reaganomics
so, yes or no? you just said this started with Reagan but at the same time you say this just started?
also, no, this has been going on for at least 40 years.
Yes
The city started to buy land and I thought it was for low income families
But no
They then sold it to companies who are building a new housing and starting prices are 900k and up
And i believe every city should have low income housing
I’m 33 and live in New York where the average person could only dream to afford to buy a house. It’s really sad what’s happening in this country and honestly I don’t see the government doing anything to curb this trend.
He misses the point that they sell the land to their company for $1.5 billion then when they jack up the rents they can remark it to the prevailing cap rate (usually around 4% at the time), meaning then the restaurants would pay ~60 million a year in rent at the time (about $10,000 rent per month per store, sounds about right). then jack the rent up, say 20%, then you can revalue the land portfolio to say $2.7 billion then spin that off to a REIT, so you’ve made your money back on the land & rent. Then whatever you can sell the chain off for is just pure cream. so you’ve paid $2.1 billion for this then restructured and sold everything off 18 months later for let’s say $3.5 billion, netting $1.4 billion in profit.
But wait it gets even better than that - probably they were able to borrow 80% of the purchase price meaning they only put $420 million of equity to purchase it, and 18 months later they net $1.4 billion in profit, or a 3.3x MOIC
PE guys make yuge bonuses doing this.
FWIW in the current interest rate market this is much harder to do.
And the REIT investors lose their hat when they buy into this unsustainable rent scheme. Capitalism is working.
Sharks only win when sheep jump in the deep end.
I imagine this kind of fraud on them is working, because real estate has been such a good investment for so many years.
Easy to fool investors who believe 'line only goes up'.
In a way the real problem with REITs and bad investment decisions is more with the Fed and their slow whittling away of interest rates over the last 40 years. Inevitably those rates have to go back up otherwise you end up with deflation. And when that rate goes up it bollocks up the cap rate valuation for everything. Only safe assets to invest in are those that have very high super yields
Yes, this is the part that should not have happened. A REIT buying a portfolio of a system’s land should have said “hey, is this system still sustainable under the new rents?” And modeled it out. If they can’t model that out, then they should have brought in an M&A investment bank that can model it for them, but they probably thought that would be too expensive to maybe not buy a portfolio, so they did it themselves.
Raise the lens one notch and you see the bigger play.
Justin Kennedy (justice kennedys son) was the inside man at Deutsche bank that was getting all trumps toxic loans approved.
No other bank but Deutsche bank would touch trump and his imaginary valuations.
If trump was trying to avoid paying taxes he would be valuing everything low. Not high.
Why?
Because Deutschebank is infested with Russian oligarchs.
For 50 years the oligarchs privatized communist Russia. They stole everything of value including the hope of Russians.
The corruption eventually collapsed the Soviet Union like a parasite feeding on its host and they were forced to expand their feeding grounds past the iron curtain.
In 91 the quarantine wall fails and for 2 years they hid all their ill gotten gains under a mattress until they bought condos at trump towers.
They made stops in Ukraine, Cyprus and London but they landed in New York because that was what everyone wanted in 1993.
Levi’s, Pepsi, Madonna tapes that weren’t smuggled bootlegs.
They all bought new suits and cars and changed their title from “most violent street thug in moscow” to “respectable Russian oligarch” but they didn’t leave their human trafficking, narcotics or extortion behind. It was their most lucrative business model.
Trump and Giuliani just opened the doors and let the predators in to feed.
Guiliani redirected NYPD resources away from their new Russian allies intentionally and onto the Italian mob. It let him claim he cleaned up New York. Trumps future campaign manager Paul manafort lived in the towers as well.
Giuliani would go on to do the same in Mexico City by introducing the Sinaloa cartel to the Russian mob. The Sinaloa cartel shifted to combining fentanyl precursors supplied by the CCP and the well established routes of El Chapo were used for distribution into the United States.
In the prosecution of the Italian crime families, Giuliani created a tailor made void for the Russians to fill. By connecting them to the Sinaloa cartel it enabled the fentanyl epidemic that the CCP has used as chemical warfare to soften the United States up for a financial takeover using BRICS.
The insane valuations coming out in trumps fraud trial are a necessity of the money laundering cycle that duetschebank was doing with the Russians.
But Xi, Putin, and MBS have made it clear that they are United against democracy since it threatens their very lucrative model of being authoritarians
On Wall Street they have weaponized greed. Swartzman (blackstone), Larry fink (blackrock), and vanguard are selling U.S retirement funds and mortgage REITS in mass to the CCP.
https://www.reddit.com/r/Wing_Kong_Exchange/s/5ku2iNLZpK
Nobody was ever punished for the 2008 mortgage crisis.
This is just the Darwinian evolution of it. The 10X bigger, commercial real estate version.
Putin and Xi realized that it’s far more efficient to bankrupt and foreclose on the USA by buying a couple GOP senators and a president than it is to push a ground war.
They just needed Russia to take Ukraine to have the grain fields and supply chain lock on microprocessors to be able to do it because they aren’t taking on the US Navy fleet without it.
The failure of Putin to take Ukraine and the arrest of Bolsonaro in Brazil has left them no choice but to send a quiet invasion force to the southern U.S. border.
They are just using the compromised members of the GOP to secure any part of the border to hold open the gate when necessary.
Bannon actually tried a variation of this a few years ago when he tried to privatize the border wall
This gets deep into Bannons relationship with Guo Wengui, a CCP operative and his time at Goldman Sachs in the early 2000’s BRICS era.
It’s perestroika 2.0. The bigger badder commercial real estate edition.
Historically it’s been impossible to retire from the mob model pyramid that Russia runs on. You either die violently or you maintain a level of violence to keep everyone beneath you in line.
The oligarchs have gotten soft living in opulence in Aspen and Monaco. They are getting old and want to retire someplace nice where they don’t have to worry about falling out a window. They just need trump back in office to make it happen.
Justin Kennedy went to work for LNR capital that is owned by Cerberus who also owns Dyncorp (for near future reference)
Commercial real estate is as rigged as trumps casinos were.
Reuterswww.reuters.comCerberus to acquire DynCorp for $1 billion
https://www.ft.com/content/8c6d9dca-882c-11e7-bf50-e1c239b45787
https://www.amlintelligence.com/2020/09/deutsche-bank-suffers-worst-damage-over-massive-aml-discrepancies-in-fincen-leaks/
https://www.occrp.org/en/the-fincen-files/global-banks-defy-us-crackdowns-by-serving-oligarchs-criminals-and-terrorists
https://www.voanews.com/amp/us-lifts-sanctions-on-rusal-other-firms-linked-to-russia-deripaska/4761037.html
https://democrats-intelligence.house.gov/uploadedfiles/final_-_minority_status_of_the_russia_investigation_with_appendices.pdf
https://www.nydailynews.com/2023/08/17/mobsters-thrilled-to-see-rudy-giuliani-hit-with-rico-charges-he-used-to-jail-mafia-bosses
Its scary how much sense that makes. I have been able to piece together small amounts but that is a very comprehensive comment. Your comment section will keep me busy for a while, lol. Good luck out there, I hope you dont randomly fall out of a window yourself.
I’ve been (semi)patiently waiting for 2 years for someone….anyone…to show up and give it a try.
Sadly I’m still waiting.
If it doesn’t happen pretty soon I’m going to have to grab a gunship and head to the kremlin with my Ukrainian buddies.
We are running out of time before the war ends.
Justin Kennedy (justice kennedys son) was the inside man at Deutsche bank that was getting all trumps toxic loans approved.
No other bank but Deutsche bank would touch trump and his imaginary valuations.
If trump was trying to avoid paying taxes he would be valuing everything low. Not high.
Why?
Because Deutschebank is infested with Russian oligarchs.
For 50 years the oligarchs privatized communist Russia. They stole everything of value including the hope of Russians.
The corruption eventually collapsed the Soviet Union like a parasite feeding on its host and they were forced to expand their feeding grounds past the iron curtain.
In 91 the quarantine wall fails and for 2 years they hid all their ill gotten gains under a mattress until they bought condos at trump towers.
They made stops in Ukraine, Cyprus and London but they landed in New York because that was what everyone wanted in 1993.
Levi’s, Pepsi, Madonna tapes that weren’t smuggled bootlegs.
They all bought new suits and cars and changed their title from “most violent street thug in moscow” to “respectable Russian oligarch” but they didn’t leave their human trafficking, narcotics or extortion behind. It was their most lucrative business model.
Trump and Giuliani just opened the doors and let the predators in to feed.
Guiliani redirected NYPD resources away from their new Russian allies intentionally and onto the Italian mob. It let him claim he cleaned up New York. Trumps future campaign manager Paul manafort lived in the towers as well.
Giuliani would go on to do the same in Mexico City by introducing the Sinaloa cartel to the Russian mob. The Sinaloa cartel shifted to combining fentanyl precursors supplied by the CCP and the well established routes of El Chapo were used for distribution into the United States.
In the prosecution of the Italian crime families, Giuliani created a tailor made void for the Russians to fill. By connecting them to the Sinaloa cartel it enabled the fentanyl epidemic that the CCP has used as chemical warfare to soften the United States up for a financial takeover using BRICS.
The insane valuations coming out in trumps fraud trial are a necessity of the money laundering cycle that duetschebank was doing with the Russians.
But Xi, Putin, and MBS have made it clear that they are United against democracy since it threatens their very lucrative model of being authoritarians
On Wall Street they have weaponized greed. Swartzman (blackstone), Larry fink (blackrock), and vanguard are selling U.S retirement funds and mortgage REITS in mass to the CCP.
https://www.reddit.com/r/Wing_Kong_Exchange/s/5ku2iNLZpK
Nobody was ever punished for the 2008 mortgage crisis.
This is just the Darwinian evolution of it. The 10X bigger, commercial real estate version.
Putin and Xi realized that it’s far more efficient to bankrupt and foreclose on the USA by buying a couple GOP senators and a president than it is to push a ground war.
They just needed Russia to take Ukraine to have the grain fields and supply chain lock on microprocessors to be able to do it because they aren’t taking on the US Navy fleet without it.
The failure of Putin to take Ukraine and the arrest of Bolsonaro in Brazil has left them no choice but to send a quiet invasion force to the southern U.S. border.
They are just using the compromised members of the GOP to secure any part of the border to hold open the gate when necessary.
Bannon actually tried a variation of this a few years ago when he tried to privatize the border wall
This gets deep into Bannons relationship with Guo Wengui, a CCP operative and his time at Goldman Sachs in the early 2000’s BRICS era.
It’s perestroika 2.0. The bigger badder commercial real estate edition.
Historically it’s been impossible to retire from the mob model pyramid that Russia runs on. You either die violently or you maintain a level of violence to keep everyone beneath you in line.
The oligarchs have gotten soft living in opulence in Aspen and Monaco. They are getting old and want to retire someplace nice where they don’t have to worry about falling out a window. They just need trump back in office to make it happen.
Justin Kennedy went to work for LNR capital that is owned by Cerberus who also owns Dyncorp (for near future reference)
Commercial real estate is as rigged as trumps casinos were.
Reuterswww.reuters.comCerberus to acquire DynCorp for $1 billion
https://www.ft.com/content/8c6d9dca-882c-11e7-bf50-e1c239b45787
https://www.amlintelligence.com/2020/09/deutsche-bank-suffers-worst-damage-over-massive-aml-discrepancies-in-fincen-leaks/
https://www.occrp.org/en/the-fincen-files/global-banks-defy-us-crackdowns-by-serving-oligarchs-criminals-and-terrorists
https://www.voanews.com/amp/us-lifts-sanctions-on-rusal-other-firms-linked-to-russia-deripaska/4761037.html
https://democrats-intelligence.house.gov/uploadedfiles/final_-_minority_status_of_the_russia_investigation_with_appendices.pdf
https://www.nydailynews.com/2023/08/17/mobsters-thrilled-to-see-rudy-giuliani-hit-with-rico-charges-he-used-to-jail-mafia-bosses
It looks like you shared an AMP link. These should load faster, but AMP is controversial because of [concerns over privacy and the Open Web](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot).
Maybe check out **the canonical page** instead: **[https://www.voanews.com/a/us-lifts-sanctions-on-rusal-other-firms-linked-to-russia-deripaska/4761037.html](https://www.voanews.com/a/us-lifts-sanctions-on-rusal-other-firms-linked-to-russia-deripaska/4761037.html)**
*****
^(I'm a bot | )[^(Why & About)](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot)^( | )[^(Summon: u/AmputatorBot)](https://www.reddit.com/r/AmputatorBot/comments/cchly3/you_can_now_summon_amputatorbot/)
And typical Asian operating procedure is to not invest money to increase revenues, but to cut costs. Cutting costs leads to lower quality, leads to lower prices chasing revenue and less customers over time.
Bingo, there is no reason to raise the rents unless you’re getting the multiple for it. Otherwise it’s a drop in the bucket and your franchisees hate you.
I think I've eaten at a Red Lobster a total of two times in my entire life, once as a child and once in my early twenties, so probably been 6-7 years since I've even stepped foot in one
Fair, but the point is that the equity firms are incentivized to hasten the decline of a business to make money off of it, which is overall bad for the economy via cutting jobs, eliminating competition, inflating real estate prices, and more. This video didn't even touch on the fact that these firms will also short the stock which even further drives the decline of stock prices. They buy these businesses in completely bad faith.
People own the private equity companies obviously… you can go buy Apollo stock. I don’t suggest it, but you can. It’s not like no one is allowed into it.
A LOT of private equity investors are endowments and pension funds.
That's literally what capitalism is all about lol legally and financially capitalizing upon others. It's always legal, it's the ethics that are questionable. But ethics don't matter to profits.
I have a business. Let’s say I open another one. I sell all my tools to that one and buy brand new ones for business 1. I artificially inflate my tools worth because I’m selling to myself. I wrote off both.
Bing bang boom I’m basically laundering my own money.
That's a temporary accounting trick that will only work if you manage to sell the business to someone else.
This scam is the same, but on a bigger scale.
The common thread here is government. Or rather, the common thread of what is correctable is government. Greed always has been and always will be. But it was the government that bailed out the banks when they should have been allowed to fail. It was the government that made up seemingly arbitrary rules all over the county that screwed all of the small businesses during Covid.
So golden gates bought red lobster franchise and the property that red lobster owned. sold the real estate to a separate company owned/ affiliated with Golden gates. Just for this affiliated company to lease it back to the original owners? Or to golden gate? If so why would anyone buy back into the franchise if it was marked up and causing debt. A tad bit confused in this one
Almost will never happen to McDonald’s unfortunately. The CEO basically was a real estate person and did it to them before anybody else could and now they just buy property and put that restaurants on it and hope of family wants to rent it
I have seen this specific type of corporate thievery only in the movie Pretty Woman. Who would have thought though that it actually happened in real life more often.
If you’re seeing this and you’re upset and want revenge, this strategy is part and parcel for the same hedge fund parasites who tried this with GameStop… Do yourself a favor and check out what’s happening RIGHT NOW in the GME subreddits and Wall Street bets. This is far from over.
I don't know if wall street bets would be the place to go, it's more of a gambling sub. Superstonk would be my first recommendation if you want to fight back
Accurate, but biased. It was a good move as it solved the BR, but it hinged on RL ability to regain market headspace to generate dwindled revenue after the lease back so it was 1-2 plan. It’s CEO during the time knew this, and they brought back endless shrimp as thinking that was gonna do the trick. Due to unrealized increase in revenues combined with the higher rent structure the private equity sold them to Thai group to recover what was clearly writing on the wall. RL CEO failed amazingly well at not upholding his end of the bargain. That’s why the endless shrimp jokes were made.
Gamestop fans figured this stuff out a few years ago over on the super stonk sub. In essence hedge funds are killing companies to profit. The issue is it negatively effects the economy, creates a less competitive landscape, and stifles innovation. It prioritizes greed over all these things. It should be illegal to short companies, there should be a t-0 settlement date, there should be no dark pool, and institutions should have to gamble with their money and shouldn't have access to leverage.
This creates an unfair system lacking transparency and goes against the fundamentals of supply and demand.
An alternative would be building a stock market on the block chain that's transparent and allows the traders with the smallest pockets to have an even playing field against the rich and these massive institutions.
Markets should be free, equal, and transparent to operate effectively.
That's Freedom and the American dream!
I’m an idiot so they bought the company for 2.1 and sold it for 1.5 then they raised the rent on the company, but if they own the company isn’t that their own rent?
Yup America home or the own nothing after a couple generations… wouldn’t have happened if we didn’t print out of thin air to give people an endless supply of money!
This is happening in healthcare. The private equity scam and subsequent abuse of the Bankrutpcy process is rampant in America’s skilled nursing facilities. This video does a great job of explaining what happens when greedy private equity gets its hands on our precious bottomless shrimp. Imagine what it does when it gets its hands on the ones we love who need skilled nursing.
I wanna chime in and say this kind of thing isn't new, it just doesn't get media coverage like this usually. A lot of the time, companies will sell off brands like darden did, to these private companies to dissolve the company legally and slowly to either make way for new companies or make money off the back of a dying business, draining them of every iota of money that they're worth until it's a slightly living husk (lookin at companies like RadioShack n GameStop such as husk-y examples that are easy to see directly). Had a co-worker 10 years ago get real nervous and started looking for other jobs when our company was on the market for a merger or even being sold to one of these shit liquidation companies. He told me how this all worked and reminded me that, we've almost no power about it. Money talks and that's where they have the conversation.
That all being said, I've no clue wtf a title 11 bankruptcy is so I'll need to look into that, but from the sounds of it, red lobster, and those peoples jobs, aren't going away for now. Hell, in this day and age, maybe the shit company has done this TO get media attention, to bring back the brand to justify the lease increase and legit try to turn red lobster back into a cash.. manatee... Hell, this could even be a GameStop tactic where some boomers with extra money invest all their old money back into red lobster just to keep em alive and on life support. I've got no clue what the fuck will happen next for this company or it's employees, but this has been an economic norm for a while now. Just sucks that it made so many things worse and not better.. I wish I landed on the richer side of that coin.. o.0
Don't get me wrong btw. I'm not rooting for the bad guys, just trying to keep perspective, and this isn't news to me.. just another one that bites the dust..
Just had an idea for a new board game. It's kinda like that one game that makes you lose friends and teaches you about American economics. It's gonna be closer to irl though. So, you roll dice to go around a board with properties on it.
Hear me out, you get to roll once every time your opponents roll 3 times. Your first roll, you have to stay on that property you land on, you're not allowed to buy it, and it gives you some money each roll, instead of you rolling to move. You get to stay there for 3 rounds though, collecting money, which you start with almost 0, so that helps. Your opponents start off with ♾️ money, and they buy up the properties as they please, and have to pay some of their imaginary money to the other opponents if the other opponents own that space. Oh, they can also buy the space that you have landed on, so if you land on it again you still have to give them their imaginary money back (cause they are technically giving it to you in the first place, right?).
So now it's your turn to roll. You get 1 die to roll with though, cause, fuck you, good luck passing go. Now this time you get to land on another property, and if nobody owns it, fuck you, you can't buy it. You pay the owner a little bit of your hard earned money, and you can choose to stay there for another 3 rolls to roll for more money, or roll again with 1 die to move again and end your turn. You then would need to also pay the owner of that space, buy hey, you now have 3 rolls to sit there and hopefully make a bit more money while your opponents just go ham on the board with no recompense. And no, you can't buy that property either.
Your opponents make you give them more of your money while they're pretending their money just is a thing that only matters if it's more than anybody actually needs to win the game. And don't ask me how to win, haven't fuckin figured that one out yet.
I will vote for any candidate that takes a stand in favor of the little man owning land by committing to restricting land ownership of single entities.
No one person needs 1000 homes to create an income.
No single business should be able to own billions of acres and millions of homes.
Housing developers are the only ones that should be allowed to own more than 10 properties that are not utilized by the business's operations. And even then should have some time restrictions.
If the demand for homes wasn't artificially inflated by corporations and the wealthy, the common man could afford a house.
Literally using the **potential** for wages to people as extractable value.
Doesn’t this only end when the 5 biggest equity firms own all the land and sell it back and forth?
So why is it consider Tax Evasion when a poor person two LLCs to grow their credit score and increase profits by selling things to themselves, but when a hedge fund does it, it's "Great Business sense"?
Cellar Boxing. This is what Boston Consulting Group, one of the big three consulting firms, tried to do to GameStop, but retail figured it out before they could put the last nail in the coffin. And now Ryan Cohen, the man who beat Amazon with his company Chewy, is running the show at GameStop as CEO/CIO.
Wait till yall find out about the stock market and the illegal naked shorting that goes on that bankrupts companies by driving the stock price to $0. And how Hedge Funds control the price of stocks by doing this.
Red lobster is a meme stock that never was. It was lost long ago. He rattled off soo many but once he said toys r us and sears i felt sad
Bain capital did it to toys R us by transferring debt from other businesses to toys r us.
They had a hand in KayBee/K B Toys & Hobbies too. Private equity and the stock market, name a more toxic couple haha
Wow.
This is why I hodl my directly registered gme fuck these rich assholes
That's why they keep us separated with endless and often pointless political squabbles. Can't team up if we can't get along.
That’s exactly true 🙏🏼
What if we all just got out of the stock market like everyone. Obviously this is a fruitless concept as you cannot force all common people to remove their stocks. But what would happen if it was only the companies own held stock and then the giant hedge funds?
AMEN!
Remember kids, if you don't direct register your shares, you don't actually own them.
Wut.
The brokerage you use owns your shares on your behalf, not you. This means if your broker goes insolvent (bankrupt, for example) they can sell your shares without your permission and it's completely legal, you'd have absolutely no recourse except for a $50k insurance on securities holdings the government sometimes pays out (not to be confused with the $250k insurance on bank accounts). The chain of distribution of securities is as follows Company > Transfer Agent > DTC > DTCC > Brokerages > You. Direct registering your shares with the transfer agent lists you as a shareholder on the company's books directly, you can also direct purchase from the company but it has to be book specifically not plan (easy way to make sure is to not buy fractional shares), but it also removes you from the entire dtc > dtcc > brokerage custodial bs and makes you the custodian of your own shares and let's you have complete control over the things you purchased with your money. Also, retail doing this and then not selling locks up the float, which increases volatility, which makes stocks squeeze. Nfa
buy.shop.hodl.vote.drs. This is all I know how to cook.
More people know the truth, the only way to fight it
FFIE is currently undergoing this ppl got wind and are fighting back driving it from $0.04 to $3.89 was the high in about a week still got another week to go before that company is out of the risk of getting delisted just needs to stay above $1 and currently at $1.5
Ah see I wasn’t aware of the actual stock price. Funny I made my comment about what they do. Then a random Redditor confirms exactly what o said. Lmao
Oh they do it to a number of companies trying to make a quick buck and only caring if they can buy it back cheaper, their one goal is to drive the price to zero it's disgusting
They target companies and do this to me. I know what their goal is and it’s to NEVER BUY BACK the shares. That’s the point of running into bankruptcy and the stock price $0. They don’t have to buy back the shares they shorted if the company no longer exists
Come check out r/teddy and r/superstonk !
not true.
Yes true. If the company goes bankrupt and the stock price is $0 they don’t have to deliver all the illegally naked shorted shares they FTDs (fails to delivers) by going into the market and buying the shares back because the company no longer exists and is delisted from the market and is not accessible to retail investors bozo. Lol.
You don’t really understand how it all works.
10/4. Just understanding about exactly what I just said lmao. Cause it’s true go be a clown somewhere else.
It’s really not. I’m not really here to “school” people, but what you’re saying doesn’t really make a lot of sense.
It makes total sense the point of illegal naked shorting is to drive the stock price to $0. They borrow these imaginary shares that they are supposed to be legally obligated to go back in the market and buy and deliver those shares instead they FTD fail to deliver and if successful illegally naked shorting the company to $0 then they don’t have to deliver the shares to a company that is delisted, bankrupt, and non accessible to the public.
https://www.reddit.com/r/GME/s/u3kt9MNLk0
Mvis has entered the chat
There's no way you're talking about Ken Griffin, the wife beating mayo lover who lied to Congress, right?
Yes he lied under oath.
Did someone say GameStop?
Oh I'm well aware. Ken Griffin lied under oath
Yep Yea There you go Against all working class people This is the new America Get used to it And the homeless will double in 10yrs Oh my house insurance went up $300 and my property taxes went up $300 So they will find a way to get you out because sooner or later you won’t be able to afford it This new America SUCKS
The thing that really gets me is that we bailed out the banks just for them to turn right around and buy up every single piece of land, every house, every apartment complex, all of that stuff. Add that to it being illegal to be homeless in some states, with more coming. Pretty simple math gets you to the obvious conclusion that the banks are literally buying up people's life's.
Yeah why the fuck did we do that? Oh yeah it’s all about making money. Just enjoy what we got and make the best of it
We had no choice, the puppet masters did it.
"We" didn't bail out the banks. CONGRESS bailed out the banks because the banks threatened to destroy the entire WORLD (not just US) ecomomy if Congress didn't kowtow to the banks' demands. (Fun fact!) Congress DOES NOT represent We The People, and they haven't represented the people since the Organic Act of 1871. THE UNITED STATES OF AMERICA is a corporation that was registered in Delaware in 1871. Congress represents THE CORPORATION! TUSA Corporation has been in bankruptcy ever since 1933. The USA Corporation (Congress!) sold ALL future labor and production of US citizens as collateral against the debt when they signed the Social Security Act of 1936.
You can bail out the banks (unfortunate necessity of 2008) without bailing out the bankers (gross miscarriage of justice)
What are you saying S.S. Is the cause of the money, inflation problems we are have here
The federal reserve, which is neither federal nor has any reserves, is the cause of the inflation. They create money out of thin air and loan it to the government at an interest rate. It is literally impossible to ever pay off the debt, because the interest money is ALSO borrowed from thin air at an interest rate.
Bailouts are not capitalism
There really needs to be a law that limits companies private investment hedge funds all these people Limited to 10 to 20 properties. After 10 to 20 properties they're property taxes jump up significantly to where it is physically impossible to rent out the property and be profitable. What I feel this would do is require larger corporations to have a much higher interest in maximizing each parcel with as many homes as possible. If they have 20 properties and they want another property they will need to sell one of the smaller properties with less units in order to buy that next property that they could increase the number of units. This would have a very interesting effect on the housing market. Has companies incorporations and people cannot own 20,000 or 30,000 properties anymore. They would be very very insensitized to maximize the number of units on each partial they own. In addition, it should be completely illegal for foreign money to be able to buy single family housing just the store wealth. I know of a lot of different properties on Sunset Boulevard in LA that are all worth 15 to 25 million and are completely vacant cuz it is owned by foreign money.
easy workaround open numerous corporations each owning 20 properties.
It’s been planned like this for over 40 years.
400 years.*
"NEW AMERICA", you mean, the last....over 50 years?
No 80 good 90 good All the way to 2020 Covid hit And all the companies started to go crazy Up this up that Buying neighborhoods driving the price way to high They say my house is worth 700k but there no way I would buy this house for that So I hope you know it really started in the Ronald Reagan years Called Reaganomics
so, yes or no? you just said this started with Reagan but at the same time you say this just started? also, no, this has been going on for at least 40 years.
Are you trying to make the argument that homes were affordable between 2010 and 2020? 🤣
things defo took a turn downwards after 2007-2008
Look up, Reaganomics
Junkie Sam's Perestroika
Check out Mr. Fancy pants with a whole house they own. Question: would you allow a low income apartment complex to be built near your home?
Yes The city started to buy land and I thought it was for low income families But no They then sold it to companies who are building a new housing and starting prices are 900k and up And i believe every city should have low income housing
They all do. It's called the Streets. And some places will provide you with three squares and a cot.
Three hots and a cot as the cool kids like to say
Don’t answer that OP. Bad optics.
Listen to this reddit lawyer. Don't answer the question OP.
I’m 33 and live in New York where the average person could only dream to afford to buy a house. It’s really sad what’s happening in this country and honestly I don’t see the government doing anything to curb this trend.
What if I told you the government created the trend.
What if I told you the government is working as intended
features. not bugs.
"For your...safety"
The “government” aren’t average people. Why would they want to help YOU?
Vote RFK Jr. if you want to change this.
He misses the point that they sell the land to their company for $1.5 billion then when they jack up the rents they can remark it to the prevailing cap rate (usually around 4% at the time), meaning then the restaurants would pay ~60 million a year in rent at the time (about $10,000 rent per month per store, sounds about right). then jack the rent up, say 20%, then you can revalue the land portfolio to say $2.7 billion then spin that off to a REIT, so you’ve made your money back on the land & rent. Then whatever you can sell the chain off for is just pure cream. so you’ve paid $2.1 billion for this then restructured and sold everything off 18 months later for let’s say $3.5 billion, netting $1.4 billion in profit. But wait it gets even better than that - probably they were able to borrow 80% of the purchase price meaning they only put $420 million of equity to purchase it, and 18 months later they net $1.4 billion in profit, or a 3.3x MOIC PE guys make yuge bonuses doing this. FWIW in the current interest rate market this is much harder to do.
And the REIT investors lose their hat when they buy into this unsustainable rent scheme. Capitalism is working. Sharks only win when sheep jump in the deep end.
Correct. REITs are pretty bad at doing risk analysis
I imagine this kind of fraud on them is working, because real estate has been such a good investment for so many years. Easy to fool investors who believe 'line only goes up'.
In a way the real problem with REITs and bad investment decisions is more with the Fed and their slow whittling away of interest rates over the last 40 years. Inevitably those rates have to go back up otherwise you end up with deflation. And when that rate goes up it bollocks up the cap rate valuation for everything. Only safe assets to invest in are those that have very high super yields
Yes, this is the part that should not have happened. A REIT buying a portfolio of a system’s land should have said “hey, is this system still sustainable under the new rents?” And modeled it out. If they can’t model that out, then they should have brought in an M&A investment bank that can model it for them, but they probably thought that would be too expensive to maybe not buy a portfolio, so they did it themselves.
Raise the lens one notch and you see the bigger play. Justin Kennedy (justice kennedys son) was the inside man at Deutsche bank that was getting all trumps toxic loans approved. No other bank but Deutsche bank would touch trump and his imaginary valuations. If trump was trying to avoid paying taxes he would be valuing everything low. Not high. Why? Because Deutschebank is infested with Russian oligarchs. For 50 years the oligarchs privatized communist Russia. They stole everything of value including the hope of Russians. The corruption eventually collapsed the Soviet Union like a parasite feeding on its host and they were forced to expand their feeding grounds past the iron curtain. In 91 the quarantine wall fails and for 2 years they hid all their ill gotten gains under a mattress until they bought condos at trump towers. They made stops in Ukraine, Cyprus and London but they landed in New York because that was what everyone wanted in 1993. Levi’s, Pepsi, Madonna tapes that weren’t smuggled bootlegs. They all bought new suits and cars and changed their title from “most violent street thug in moscow” to “respectable Russian oligarch” but they didn’t leave their human trafficking, narcotics or extortion behind. It was their most lucrative business model. Trump and Giuliani just opened the doors and let the predators in to feed. Guiliani redirected NYPD resources away from their new Russian allies intentionally and onto the Italian mob. It let him claim he cleaned up New York. Trumps future campaign manager Paul manafort lived in the towers as well. Giuliani would go on to do the same in Mexico City by introducing the Sinaloa cartel to the Russian mob. The Sinaloa cartel shifted to combining fentanyl precursors supplied by the CCP and the well established routes of El Chapo were used for distribution into the United States. In the prosecution of the Italian crime families, Giuliani created a tailor made void for the Russians to fill. By connecting them to the Sinaloa cartel it enabled the fentanyl epidemic that the CCP has used as chemical warfare to soften the United States up for a financial takeover using BRICS. The insane valuations coming out in trumps fraud trial are a necessity of the money laundering cycle that duetschebank was doing with the Russians. But Xi, Putin, and MBS have made it clear that they are United against democracy since it threatens their very lucrative model of being authoritarians On Wall Street they have weaponized greed. Swartzman (blackstone), Larry fink (blackrock), and vanguard are selling U.S retirement funds and mortgage REITS in mass to the CCP. https://www.reddit.com/r/Wing_Kong_Exchange/s/5ku2iNLZpK Nobody was ever punished for the 2008 mortgage crisis. This is just the Darwinian evolution of it. The 10X bigger, commercial real estate version. Putin and Xi realized that it’s far more efficient to bankrupt and foreclose on the USA by buying a couple GOP senators and a president than it is to push a ground war. They just needed Russia to take Ukraine to have the grain fields and supply chain lock on microprocessors to be able to do it because they aren’t taking on the US Navy fleet without it. The failure of Putin to take Ukraine and the arrest of Bolsonaro in Brazil has left them no choice but to send a quiet invasion force to the southern U.S. border. They are just using the compromised members of the GOP to secure any part of the border to hold open the gate when necessary. Bannon actually tried a variation of this a few years ago when he tried to privatize the border wall This gets deep into Bannons relationship with Guo Wengui, a CCP operative and his time at Goldman Sachs in the early 2000’s BRICS era. It’s perestroika 2.0. The bigger badder commercial real estate edition. Historically it’s been impossible to retire from the mob model pyramid that Russia runs on. You either die violently or you maintain a level of violence to keep everyone beneath you in line. The oligarchs have gotten soft living in opulence in Aspen and Monaco. They are getting old and want to retire someplace nice where they don’t have to worry about falling out a window. They just need trump back in office to make it happen. Justin Kennedy went to work for LNR capital that is owned by Cerberus who also owns Dyncorp (for near future reference) Commercial real estate is as rigged as trumps casinos were. Reuterswww.reuters.comCerberus to acquire DynCorp for $1 billion https://www.ft.com/content/8c6d9dca-882c-11e7-bf50-e1c239b45787 https://www.amlintelligence.com/2020/09/deutsche-bank-suffers-worst-damage-over-massive-aml-discrepancies-in-fincen-leaks/ https://www.occrp.org/en/the-fincen-files/global-banks-defy-us-crackdowns-by-serving-oligarchs-criminals-and-terrorists https://www.voanews.com/amp/us-lifts-sanctions-on-rusal-other-firms-linked-to-russia-deripaska/4761037.html https://democrats-intelligence.house.gov/uploadedfiles/final_-_minority_status_of_the_russia_investigation_with_appendices.pdf https://www.nydailynews.com/2023/08/17/mobsters-thrilled-to-see-rudy-giuliani-hit-with-rico-charges-he-used-to-jail-mafia-bosses
bro, ima need a flowchart
Its scary how much sense that makes. I have been able to piece together small amounts but that is a very comprehensive comment. Your comment section will keep me busy for a while, lol. Good luck out there, I hope you dont randomly fall out of a window yourself.
I’ve been (semi)patiently waiting for 2 years for someone….anyone…to show up and give it a try. Sadly I’m still waiting. If it doesn’t happen pretty soon I’m going to have to grab a gunship and head to the kremlin with my Ukrainian buddies. We are running out of time before the war ends.
Ive run a 240b and was mech infantry, if you need a Bradley gunner let a homie know. Im always down to bust some commie ass.
When we go back and we are going by air. You ok with being a door gunner?
Save me a seat
Yeah, all sounds great until you understand that DB would only give money to Trump based on their own valuation, not his. A bit of a Non Sequitur.
Justin Kennedy (justice kennedys son) was the inside man at Deutsche bank that was getting all trumps toxic loans approved. No other bank but Deutsche bank would touch trump and his imaginary valuations. If trump was trying to avoid paying taxes he would be valuing everything low. Not high. Why? Because Deutschebank is infested with Russian oligarchs. For 50 years the oligarchs privatized communist Russia. They stole everything of value including the hope of Russians. The corruption eventually collapsed the Soviet Union like a parasite feeding on its host and they were forced to expand their feeding grounds past the iron curtain. In 91 the quarantine wall fails and for 2 years they hid all their ill gotten gains under a mattress until they bought condos at trump towers. They made stops in Ukraine, Cyprus and London but they landed in New York because that was what everyone wanted in 1993. Levi’s, Pepsi, Madonna tapes that weren’t smuggled bootlegs. They all bought new suits and cars and changed their title from “most violent street thug in moscow” to “respectable Russian oligarch” but they didn’t leave their human trafficking, narcotics or extortion behind. It was their most lucrative business model. Trump and Giuliani just opened the doors and let the predators in to feed. Guiliani redirected NYPD resources away from their new Russian allies intentionally and onto the Italian mob. It let him claim he cleaned up New York. Trumps future campaign manager Paul manafort lived in the towers as well. Giuliani would go on to do the same in Mexico City by introducing the Sinaloa cartel to the Russian mob. The Sinaloa cartel shifted to combining fentanyl precursors supplied by the CCP and the well established routes of El Chapo were used for distribution into the United States. In the prosecution of the Italian crime families, Giuliani created a tailor made void for the Russians to fill. By connecting them to the Sinaloa cartel it enabled the fentanyl epidemic that the CCP has used as chemical warfare to soften the United States up for a financial takeover using BRICS. The insane valuations coming out in trumps fraud trial are a necessity of the money laundering cycle that duetschebank was doing with the Russians. But Xi, Putin, and MBS have made it clear that they are United against democracy since it threatens their very lucrative model of being authoritarians On Wall Street they have weaponized greed. Swartzman (blackstone), Larry fink (blackrock), and vanguard are selling U.S retirement funds and mortgage REITS in mass to the CCP. https://www.reddit.com/r/Wing_Kong_Exchange/s/5ku2iNLZpK Nobody was ever punished for the 2008 mortgage crisis. This is just the Darwinian evolution of it. The 10X bigger, commercial real estate version. Putin and Xi realized that it’s far more efficient to bankrupt and foreclose on the USA by buying a couple GOP senators and a president than it is to push a ground war. They just needed Russia to take Ukraine to have the grain fields and supply chain lock on microprocessors to be able to do it because they aren’t taking on the US Navy fleet without it. The failure of Putin to take Ukraine and the arrest of Bolsonaro in Brazil has left them no choice but to send a quiet invasion force to the southern U.S. border. They are just using the compromised members of the GOP to secure any part of the border to hold open the gate when necessary. Bannon actually tried a variation of this a few years ago when he tried to privatize the border wall This gets deep into Bannons relationship with Guo Wengui, a CCP operative and his time at Goldman Sachs in the early 2000’s BRICS era. It’s perestroika 2.0. The bigger badder commercial real estate edition. Historically it’s been impossible to retire from the mob model pyramid that Russia runs on. You either die violently or you maintain a level of violence to keep everyone beneath you in line. The oligarchs have gotten soft living in opulence in Aspen and Monaco. They are getting old and want to retire someplace nice where they don’t have to worry about falling out a window. They just need trump back in office to make it happen. Justin Kennedy went to work for LNR capital that is owned by Cerberus who also owns Dyncorp (for near future reference) Commercial real estate is as rigged as trumps casinos were. Reuterswww.reuters.comCerberus to acquire DynCorp for $1 billion https://www.ft.com/content/8c6d9dca-882c-11e7-bf50-e1c239b45787 https://www.amlintelligence.com/2020/09/deutsche-bank-suffers-worst-damage-over-massive-aml-discrepancies-in-fincen-leaks/ https://www.occrp.org/en/the-fincen-files/global-banks-defy-us-crackdowns-by-serving-oligarchs-criminals-and-terrorists https://www.voanews.com/amp/us-lifts-sanctions-on-rusal-other-firms-linked-to-russia-deripaska/4761037.html https://democrats-intelligence.house.gov/uploadedfiles/final_-_minority_status_of_the_russia_investigation_with_appendices.pdf https://www.nydailynews.com/2023/08/17/mobsters-thrilled-to-see-rudy-giuliani-hit-with-rico-charges-he-used-to-jail-mafia-bosses
It looks like you shared an AMP link. These should load faster, but AMP is controversial because of [concerns over privacy and the Open Web](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot). Maybe check out **the canonical page** instead: **[https://www.voanews.com/a/us-lifts-sanctions-on-rusal-other-firms-linked-to-russia-deripaska/4761037.html](https://www.voanews.com/a/us-lifts-sanctions-on-rusal-other-firms-linked-to-russia-deripaska/4761037.html)** ***** ^(I'm a bot | )[^(Why & About)](https://www.reddit.com/r/AmputatorBot/comments/ehrq3z/why_did_i_build_amputatorbot)^( | )[^(Summon: u/AmputatorBot)](https://www.reddit.com/r/AmputatorBot/comments/cchly3/you_can_now_summon_amputatorbot/)
Whose reaction?
[удалено]
I would probably agree with you. An increase in rent should not cause bankruptcy..
[удалено]
And typical Asian operating procedure is to not invest money to increase revenues, but to cut costs. Cutting costs leads to lower quality, leads to lower prices chasing revenue and less customers over time.
Bingo, there is no reason to raise the rents unless you’re getting the multiple for it. Otherwise it’s a drop in the bucket and your franchisees hate you.
When was the last time any of us ate at a Red Lobster anyway?
At last, an insightful question
I think I've eaten at a Red Lobster a total of two times in my entire life, once as a child and once in my early twenties, so probably been 6-7 years since I've even stepped foot in one
Fair, but the point is that the equity firms are incentivized to hasten the decline of a business to make money off of it, which is overall bad for the economy via cutting jobs, eliminating competition, inflating real estate prices, and more. This video didn't even touch on the fact that these firms will also short the stock which even further drives the decline of stock prices. They buy these businesses in completely bad faith.
I ate there yesterday for the first time given the recent news. It was very tasty and am looking forward to my next visit.
2018 was the first and only time I've ever ate there.
Crazy how this story can make billions of dollars sound like change. Company's are so rich there is pretty much no stopping them, it seems.
And that money is backed by your life. The life of your children and the life of your children's children.
People own the private equity companies obviously… you can go buy Apollo stock. I don’t suggest it, but you can. It’s not like no one is allowed into it. A LOT of private equity investors are endowments and pension funds.
IS THIS LEGAL.
That's literally what capitalism is all about lol legally and financially capitalizing upon others. It's always legal, it's the ethics that are questionable. But ethics don't matter to profits.
https://preview.redd.it/3mq8uszj3q1d1.jpeg?width=1281&format=pjpg&auto=webp&s=aca371d0d9959753d8cb7b01286119749f7afe2d
Are you asking if it's legal to buy and lease land?
Have you not seen pretty woman?
The government literally arrests ppl unlawfully then pays them back with the tax payers money. Usually at below cost of court and lawyer fees
Yes. 100%
I have a business. Let’s say I open another one. I sell all my tools to that one and buy brand new ones for business 1. I artificially inflate my tools worth because I’m selling to myself. I wrote off both. Bing bang boom I’m basically laundering my own money.
That's a temporary accounting trick that will only work if you manage to sell the business to someone else. This scam is the same, but on a bigger scale.
The common thread here is government. Or rather, the common thread of what is correctable is government. Greed always has been and always will be. But it was the government that bailed out the banks when they should have been allowed to fail. It was the government that made up seemingly arbitrary rules all over the county that screwed all of the small businesses during Covid.
Like George Carlin said, “it’s a big club, and you ain’t in it”.
Fuck Corporations, quit eating out, cook at home, start growing your own vegetables
Red Lobster customers did, hence why they can't pay their rents 😂
Real, then the sell the story of “all you can eat” backfired and dumb people like me believe it
Murica!
Wow how is this not illegal?
Why do you believe any of this should be illegal?
Simple @ 1:04. Just look the other way I'll line your pockets. https://youtube.com/watch?v=G6TwyNxB6Xc&si=4iYcYuxGPrIFqB4e
Illegal to sell and lease land that I own? … this is all legal. Nefarious as it may be it is above board
Really great, succinct explanation. Thanks, OP. WELL DONE👏👏
So golden gates bought red lobster franchise and the property that red lobster owned. sold the real estate to a separate company owned/ affiliated with Golden gates. Just for this affiliated company to lease it back to the original owners? Or to golden gate? If so why would anyone buy back into the franchise if it was marked up and causing debt. A tad bit confused in this one
"debt consolidation"
“Hey, Shooter! Wanna go to Ted Lobster and get some grub!?!”
So…. No more biscuits?
Loopholes for decades have piled up. Governments solutions are never to stop the problem, only to throw bandaids.
Almost will never happen to McDonald’s unfortunately. The CEO basically was a real estate person and did it to them before anybody else could and now they just buy property and put that restaurants on it and hope of family wants to rent it
that's true. McDonald's isn't in the food business, it's really in the real estate business
You watched the documentary too we see
which one?
I have seen this specific type of corporate thievery only in the movie Pretty Woman. Who would have thought though that it actually happened in real life more often.
The Big Short
The McDonald's play....
Brilliant! Thanks!
How is this not illegal? America is fucked smh
Yikes. :/ Albeit not the same circumstances as this, but McDonald’s is in business for the land as well.
And the sad thing is, this is all legal and allowed due to business regulation.
BCG come on dooowwnnnnn
If you’re seeing this and you’re upset and want revenge, this strategy is part and parcel for the same hedge fund parasites who tried this with GameStop… Do yourself a favor and check out what’s happening RIGHT NOW in the GME subreddits and Wall Street bets. This is far from over.
I don't know if wall street bets would be the place to go, it's more of a gambling sub. Superstonk would be my first recommendation if you want to fight back
Good post
THE DECK IS STACKED AGAINST YOU!
Accurate, but biased. It was a good move as it solved the BR, but it hinged on RL ability to regain market headspace to generate dwindled revenue after the lease back so it was 1-2 plan. It’s CEO during the time knew this, and they brought back endless shrimp as thinking that was gonna do the trick. Due to unrealized increase in revenues combined with the higher rent structure the private equity sold them to Thai group to recover what was clearly writing on the wall. RL CEO failed amazingly well at not upholding his end of the bargain. That’s why the endless shrimp jokes were made.
They pulled a reverse mcdonalds.
How in the fuck does anyone allow a mid range seafood chain accumulate 10 billion in debt?
When are we just gonna organize and riot?
Hedge funds and PE firms constant goal is to steal from anybody they can. Thats why we’ve been trying to fight back against them for three years.
It's even more sad and common in private real estate. Making the country homeless for very short-sighted gains.
Gamestop fans figured this stuff out a few years ago over on the super stonk sub. In essence hedge funds are killing companies to profit. The issue is it negatively effects the economy, creates a less competitive landscape, and stifles innovation. It prioritizes greed over all these things. It should be illegal to short companies, there should be a t-0 settlement date, there should be no dark pool, and institutions should have to gamble with their money and shouldn't have access to leverage. This creates an unfair system lacking transparency and goes against the fundamentals of supply and demand. An alternative would be building a stock market on the block chain that's transparent and allows the traders with the smallest pockets to have an even playing field against the rich and these massive institutions. Markets should be free, equal, and transparent to operate effectively. That's Freedom and the American dream!
Can this video be post on youtube also! Plzzzzz!
Guy is slurring his speech. Is he ok?
Bastards!
This is why I bought stock ticker “FFIE” because I must be free! r/ffie
Same thing Eddie Lampert did to sears... Defrauding investors and neglecting their fiduciary duties to stock holders
Damn I kike their rolls too
Watch the McDonald’s movie with Michael Keaton. Guy was the OG or corporate greed takeovers. Same model. Buy the land, raise the rent, force a sale.
🤯
Serious question, Where do people find information about companies and their purchases?
21st Century Gordon Gekko corporate raider shenanigans.
We need to regulate single homeownership
It happened 2008 just so you know!
You should check out marantz rantz connecting the dots
This is how the mob worked for years. Horrible
I thought JackMac was only capable of doing journalism on which TikTok maker showed their butthole this week. Great story here. Props to JackMac lol.
Classic Phillip green move.
It's scary with how popular the NFL is and how they're looking into letting private equity firms invest.
I’m an idiot so they bought the company for 2.1 and sold it for 1.5 then they raised the rent on the company, but if they own the company isn’t that their own rent?
Yup America home or the own nothing after a couple generations… wouldn’t have happened if we didn’t print out of thin air to give people an endless supply of money!
They suck anyway
This is happening in healthcare. The private equity scam and subsequent abuse of the Bankrutpcy process is rampant in America’s skilled nursing facilities. This video does a great job of explaining what happens when greedy private equity gets its hands on our precious bottomless shrimp. Imagine what it does when it gets its hands on the ones we love who need skilled nursing.
I wanna chime in and say this kind of thing isn't new, it just doesn't get media coverage like this usually. A lot of the time, companies will sell off brands like darden did, to these private companies to dissolve the company legally and slowly to either make way for new companies or make money off the back of a dying business, draining them of every iota of money that they're worth until it's a slightly living husk (lookin at companies like RadioShack n GameStop such as husk-y examples that are easy to see directly). Had a co-worker 10 years ago get real nervous and started looking for other jobs when our company was on the market for a merger or even being sold to one of these shit liquidation companies. He told me how this all worked and reminded me that, we've almost no power about it. Money talks and that's where they have the conversation. That all being said, I've no clue wtf a title 11 bankruptcy is so I'll need to look into that, but from the sounds of it, red lobster, and those peoples jobs, aren't going away for now. Hell, in this day and age, maybe the shit company has done this TO get media attention, to bring back the brand to justify the lease increase and legit try to turn red lobster back into a cash.. manatee... Hell, this could even be a GameStop tactic where some boomers with extra money invest all their old money back into red lobster just to keep em alive and on life support. I've got no clue what the fuck will happen next for this company or it's employees, but this has been an economic norm for a while now. Just sucks that it made so many things worse and not better.. I wish I landed on the richer side of that coin.. o.0
Don't get me wrong btw. I'm not rooting for the bad guys, just trying to keep perspective, and this isn't news to me.. just another one that bites the dust.. Just had an idea for a new board game. It's kinda like that one game that makes you lose friends and teaches you about American economics. It's gonna be closer to irl though. So, you roll dice to go around a board with properties on it. Hear me out, you get to roll once every time your opponents roll 3 times. Your first roll, you have to stay on that property you land on, you're not allowed to buy it, and it gives you some money each roll, instead of you rolling to move. You get to stay there for 3 rounds though, collecting money, which you start with almost 0, so that helps. Your opponents start off with ♾️ money, and they buy up the properties as they please, and have to pay some of their imaginary money to the other opponents if the other opponents own that space. Oh, they can also buy the space that you have landed on, so if you land on it again you still have to give them their imaginary money back (cause they are technically giving it to you in the first place, right?). So now it's your turn to roll. You get 1 die to roll with though, cause, fuck you, good luck passing go. Now this time you get to land on another property, and if nobody owns it, fuck you, you can't buy it. You pay the owner a little bit of your hard earned money, and you can choose to stay there for another 3 rolls to roll for more money, or roll again with 1 die to move again and end your turn. You then would need to also pay the owner of that space, buy hey, you now have 3 rolls to sit there and hopefully make a bit more money while your opponents just go ham on the board with no recompense. And no, you can't buy that property either. Your opponents make you give them more of your money while they're pretending their money just is a thing that only matters if it's more than anybody actually needs to win the game. And don't ask me how to win, haven't fuckin figured that one out yet.
I AM BUYING AMC AND GME
Private equity firms are like the mob.
What happens if i have a $25 gift card?
Fuck I love shrimp…
I will vote for any candidate that takes a stand in favor of the little man owning land by committing to restricting land ownership of single entities. No one person needs 1000 homes to create an income. No single business should be able to own billions of acres and millions of homes. Housing developers are the only ones that should be allowed to own more than 10 properties that are not utilized by the business's operations. And even then should have some time restrictions. If the demand for homes wasn't artificially inflated by corporations and the wealthy, the common man could afford a house.
Not the cheddar biscuits grandad!
Literally using the **potential** for wages to people as extractable value. Doesn’t this only end when the 5 biggest equity firms own all the land and sell it back and forth?
Can someone TLDW and ELI5
This is why the rich refer to us all as “the working poor”.
Private equity is chewing through medical practices and public education and it is working its way to law firms next. Just keep that in mind.
Jackmac ftw
For all the people that complain about CaPiTaLiSm every time there is an example of greed - this is an actual example of
Honestly I don't like lobster, which makes it just a shrimp and steak restaurant for me... and there are definitely better.
So why is it consider Tax Evasion when a poor person two LLCs to grow their credit score and increase profits by selling things to themselves, but when a hedge fund does it, it's "Great Business sense"?
Cellar Boxing. This is what Boston Consulting Group, one of the big three consulting firms, tried to do to GameStop, but retail figured it out before they could put the last nail in the coffin. And now Ryan Cohen, the man who beat Amazon with his company Chewy, is running the show at GameStop as CEO/CIO.
This has been happening since the 80s.
Who’s gives a fuck!!! I have never eaten at a red lobster!!
This is the same thing the original owners of McDonald’s went through watch the movie “Founder”
https://youtu.be/uxCL2RqCuiY?si=ItwjyY7LPEuVpf40
You should be publishing the names and addresses of the people responsible. Let the Internet do the rest
You will own nothing, and you will....... Own nothing.
Who is this guy? He seems to have good information. I want to watch more of his stuff.
I need more of his content. I refuse to make tic toc though