Comment by asah
3 months ago
LOL "The entity is named “Beignet,” presumably because “Off-Balance-Sheet Leverage Vehicle No. 5” tested poorly with focus groups."
3 months ago
LOL "The entity is named “Beignet,” presumably because “Off-Balance-Sheet Leverage Vehicle No. 5” tested poorly with focus groups."
Meta'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.
AI 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.
I assume you have no proof of this, correct?
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"A Love Letter to Enron" would sound really bad in the deposition.
It’s a fitting name for Louisiana at least. But this place is next Monroe which is…nowhere near New Orleans.
We get it you want it to be named Boudin
Delta would be a good name. It’s fairly near to the delta in reality.
This entire thing was a masterpiece I love it.
It 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