Discover and read the best of Twitter Threads about #Subprime
Most recents (2)
Today's Twitter threads (a Twitter thread).
Inside: Gig apps trap reverse centaurs in wage-stealing Skinner boxes; and more!
Archived at: pluralistic.net/2023/04/12/alg…
#Pluralistic
Inside: Gig apps trap reverse centaurs in wage-stealing Skinner boxes; and more!
Archived at: pluralistic.net/2023/04/12/alg…
#Pluralistic
There's 5 days left in the @Kickstarter for the audiobook of my upcoming anti-finance finance thriller about #SiliconValley scams, *Red Team Blues*. #Audible refuses to carry my audiobooks because they're #DRM free. Crowdfunding makes them possible!
redteamblues.com
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redteamblues.com
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Gig apps trap reverse centaurs in wage-stealing Skinner boxes: Twiddled to death through algorithmic wage discrimination.
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[📊Report] The 60 largest banks are exposed to $1.35tn in fossil fuel assets whose value will drop in the transition to #netzero.
If we treated them as 'higher risk' under #Basel3, the banks' capital increase would take 3-5 months of retained profits without reducing lending
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If we treated them as 'higher risk' under #Basel3, the banks' capital increase would take 3-5 months of retained profits without reducing lending
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Using the annual reports of 60 of the world biggest banks, we have estimated their exposures to fossil fuel assets - indisputably #StrandedAssets. We found levels similar to the 2008 banks exposures to #subprime mortgages. The threat of a #fossilsubprimes crisis is a reality
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Until bank capital rules reflect it, this risk will increasingly threaten financial stability, leaving taxpayers exposed to shouldering new bailouts. Fossil fuel assets should be treated as “higher risk” and assigned a risk weight of 150% in line with the #BaselFramework.
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