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Motown Bombers

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Everything posted by Motown Bombers

  1. I had been coy about where I work since I didn't want to share too much personal stuff, but since that is coming to an end, I worked at Flagstar Bank for 13 years. I work in the risk and compliance area and basically did reporting for them primarily on customer feedback and insights. Identifying risk and compliance issues, efficiency opportunities, and just general customer support improvements. A couple years ago, Flagstar merged with New York Community Bank. NYCB was highly leveraged in commercial properties in Manhattan and multi-family housing in New York. COVID, which this merger was done during COVID, crashed the commercial market. New York's rent control crashed the multi-family housing. NYCB was a state-chartered bank and we were going to state chartered. The regulator for state-chartered banks, FDIC, didn't approve the merger because of how highly leveraged with bad assets NYCB was. Since Flagstar was federally chartered, they changed the merger agreement were NYCB merged with Flagstar and became federally chartered to get a different regulator, OCC, who approved this merger. This again is why we need regulation. If that wasn't bad enough, when Silicon Valley Bank went belly up, Signature Bank did to. Flagstar decided to buy that. The issue was it pushed Flagstar to over $100 billion in assets. That's a big deal because it makes it a category 4 bank and the CFPB requires a lot of reserve capital for big banks. Well, Flagstar didn't have it because it grew too fast too quickly. It then had to write down some billion dollar loses in New York real estate, so the company posted a surprise loss. The stock tanked quicker than Tesla. The CEO was essentially fired. Private equity bailed it out. It's basically right-wing equity firms. Steve Mnuchin is on the board and Joseph Otting, Trump's OCC his first term, is the CEO. They sold the mortgage servicing business and everything of value. They announced today they are also outsourcing the call center. They are basically preparing the company to be sold. I should have bailed a while ago, but I get a nice severance package. Didn't mean to go into a history of the company but it cathartic being able to tell the story on how this company ****ed up royally. Everything was going well before the merger, and it was a great place to work for. The funny thig is, despite being run by right-wingers, they still kept DEI.
  2. I have terrible people skills. If you think Biden was bad at speeches and debate, I don't even know how to put together a campaign. We used to have a real nutter on city council in my district. if he can do it, I can do it.
  3. I'm barely 40. I could run for congress in MI-10.
  4. I found out today I lost my job. It's not a surprise as I saw it coming for a couple years now so I've prepared and have enough finances to last me about two years barring unforeseen expenses. Guess this is the sacrifice we have to make for Musk and Trump's economy. The dread that has been over this company as it circled the drain had become a lot. I do feel liberated today and I'm going to troll John James so more.
  5. The results in Florida or more than just moral victories. They follow a trend where Democrats have been overperforming by 15-20. That would mean a huge blue wave. +30 districts were never realistic. That's why Trump picked them and pulled Stefaniak's nomination.
  6. I called John James office this time. I got in touch with a woman and said I was calling to do a welfare check since I hadn't seen nor heard from John James in a long time. She read a script about how he's working hard for the district. I asked if she could send a proof of life like a picture of him holding today's newspaper. I then said if his whereabouts are confidential, he can message me on Signal. The conversation kind of died out after that.
  7. I emailed John James the election results from tonight. I reminded him in 2022 he only won by 0.5%. Also pointed out that Wisconsin shows that Elon Musk can't save him either.
  8. No, he's not right on the second point. Electing Biden would have saved the country. Trump is going to be a threat after he's dead. Stewart is literally saying bad things would happen if Biden won. What bad things? He makes it sound as if you're screwed either way and this doesn't even get to the fact he was using right wing disinformation to smear Biden. Now, he's pants on fire about the crisis we have because Trump is president. What happened to well bad things will happen if either guy wins?
  9. Half of the vote is still out in Milwaukee and Dane. Could be a landslide by Wisconsin standards.
  10. This is a direct quote from Stewart: “If your guy loses, bad things might happen, but the country is not over, and if your guy wins, the country is in no way saved,” What bad things might have happened if Biden won? Surely they would not be on the same level as Trump, and the country, as we know it, is over because Trump won. It's just laughable that the only criticism of Biden was that he was hold, and cognitively declined based on a report from a right winger who mischaracterized his answers. Stewart never explains how Biden's age actually affected his ability as president and what exactly the new guard would do that the most liberal and progressive president in decades didn't do. It's the same both sides schtick that Stewart has been doing for decades. I watched it as it happened. This opinion piece I just read today after you asked for receipts.
  11. You have to be in good physical shape to do that which means Trump could never do it.
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