How 'AIDS profiteering' doc 'Cashing Out' brought a queer filmmaker closer to his dad

https://fed.brid.gy/r/https://www.advocate.com/film/cashing-out-documentary-oscar-shortlist

In Oscar-Shortlisted ‘Cashing Out,’ Director Matt Nadel Reevaluates Investment Tool Some Called “AIDS Profiteering” – And His Dad’s Role In It
#Documentary #News #CashingOut #MattNadel #TheNewYorker

https://deadline.com/2026/01/cashing-out-interview-director-matt-nadel-1236681269/

In Oscar-Shortlisted ‘Cashing Out,’ Director Matt Nadel Reevaluates Investment Tool Some Called “AIDS Profiteering” – And His Dad’s Role In It

The Oscar-shortlisted doc 'Cashing Out,' directed by Matt Nadel, examines a financial tool from the '80s and '90s that some called "AIDS profiteering."

Deadline

Gränsöverskridande penningtvätt. Den organiserade brottsligheten samarbetar över gränser för att undgå upptäckt av penningtvätt. För att maximera sina brottsvinster exploateras det faktum att det inom Norden finns 5 olika valutor, däribland euron, och 5 olika lagstiftningar.

https://blog.zaramis.se/2024/11/13/gransoverskridande-penningtvatt-med-kontanter/

Gränsöverskridande penningtvätt med kontanter - Svenssons Nyheter

Gränsöverskridande penningtvätt. Den organiserade brottsligheten samarbetar över gränser för att undgå upptäckt av penningtvätt.

Svenssons Nyheter

@bicmay

Our capitalist plutocrats accord myopic attention to the current day's stock price and the coming quarterly bottom line. The long term doesn't interest them because companies owe their full and directed allegiance to shareholders, even though those shareholders might cash out at any moment. So the cost of bad decisions is, you might say, an internal externality, or perhaps a temporal externality, thrust upon tomorrow's stockholders by today's, who try to cash out before prices dive.

This article is an example of that, but hardly an isolated one.

Capitalists see robustness, safety, redundancy, stability, jobs, work/life balance, equitable pay, sustainability, public health, the environment, and even human rights as superfluous concerns, mere sources of economic inefficiency to be hammered out if they seem to impinge on profit, their sole concern. Much of the conservative agenda is about this kind of sociopathy.

Switching to stakeholder capitalism instead of shareholder capitalism would help. It would bring more voices into the discussion. Representation matters.

#capitalism #CashingOut #externalites #ShareholderCapitalism #StakeholderCapitalism #priorities #power #electricity #LateStageCapitilism #sustainability

Fiduciary Duty vs the Three Laws of Robotics
(why coporations are "legal sociopaths")
https://netsettlement.blogspot.com/2009/02/fiduciary-duty-vs-three-laws-of-robotics.html

Losing the War in a Quiet Room
(overview of shareholder vs stakeholder theory)
https://netsettlement.blogspot.com/2012/01/losing-war-in-quiet-room.html

Fiduciary Duty vs. The Three Laws of Robotics

An essay on how rules of Shareholder Capitalism veritably require that corporations, so-called "legal people", behave like "legal sociopaths".

#AI #GenerativeAI #VCs #CashingOut #AIHype #SPVs: "VCs are clamoring to invest in hot AI companies, willing to pay exorbitant share prices for coveted spots on their cap tables. Even so, most aren’t able to get into such deals at all. Yet, small, unknown investors, including family offices and high-net-worth individuals, have found their own way to get shares of the hottest private startups like Anthropic, Groq, OpenAI, Perplexity, and Elon Musk’s X.ai (the makers of Grok).

They are using special purpose vehicles, or SPVs, where multiple parties pool their money to share an allocation of a single company. SPVs are generally formed by investors who have direct access to the shares of these startups and then turn around and sell a part of their allocation to external backers, often charging significant fees while retaining some profit share (known as carry).

While SPVs aren’t new – smaller investors have relied on them for years – there’s a growing trend of SPVs successfully getting shares from the biggest names in AI.

These investors are finding that the most popular AI companies, except OpenAI, are not all that hard for them to buy at their smaller levels of investing."

https://techcrunch.com/2024/06/01/vcs-are-selling-shares-of-hot-ai-companies-like-anthropic-and-xai-to-small-investors-in-a-wild-spv-market

VCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market | TechCrunch

VCs are clamoring to invest in hot AI companies, and willing to pay exorbitant share prices for coveted spots on their cap tables. Even so, most aren’t

TechCrunch
Man discovers he has been impersonated on Amazon by a money-launderer selling $555 "books" full of computer-generated word salad https://boingboing.net/2018/02/26/literary-ambitions.html #moneylaundering #identitytheft #cashingout #publishing #security #amazon #1099s #Post
Man discovers he has been impersonated on Amazon by a money-launderer selling $555 "books" full of computer-generated word salad

Man discovers he has been impersonated on Amazon by a money-launderer selling $555 "books" full of computer-generated word salad

Boing Boing