But the week ended on a decidedly sour note. The prophets of doom have been abroad of late, but until now much of their attention has been focused on America’s giant tech sector and the vast piles of money it is throwing into AI, with little enough to show for it.
What would we ever do without our benevolent overlords!?!
Praise be to God for willing them to lead the huddled masses, and save us from our impulsive instincts that would inevitably lead to poor decision making that fucks over all of society!
On Wednesday, the Treasury Department’s Office of the Comptroller of the Currency announced that Erebor Bank, the “Lord of the Rings”-named bank co-founded by Luckey and backed in part by Thiel’s venture capital fund, has received conditional approval for a national bank charter. The approval is contingent upon the bank’s applying for stock in a Federal Reserve bank and obtaining deposit insurance from the Federal Deposit Insurance Corporation.
What would we ever do without our benevolent overlords!?!
Praise be to God for willing them to lead the huddled masses, and save us from our impulsive instincts that would inevitably lead to poor decision making that fucks over all of society!
Trump administration gives initial approval to bank backed by GOP megadonors