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jfz9580m

(15,488 posts)
81. Well
Sun Nov 17, 2024, 06:06 AM
Sunday

Sorry to butt in.
But I do actually think Musk and Ramaswamy are stupid and overrated. I don’t consider getting ahead this sleazily a sign of smarts. It is a sign of the same type of icky talent at manipulation Trump has.

That may be his wiki. Here is other stuff about him:
https://www.forbes.com/sites/willskipworth/2023/08/18/vivek-ramaswamy-sued-by-former-employees-claiming-his-company-pressured-them-into-violating-securities-laws/


Republican presidential candidate and businessman Vivek Ramaswamy is facing two lawsuits from former employees who say that when they worked at the company he cofounded, Strive Asset Management, they were aggressively pressured into violating securities laws, according to Bloomberg, which first reported these lawsuits Friday morning.

CRUCIAL QUOTE

Christopher Lenzo, Rosely’s attorney, argued that Ramaswamy wasn’t a serious asset manager. He told Bloomberg that the firm “was founded, in retrospect, largely as a PR mechanism for the presidential campaign of Ramaswamy,” and “not a lot of thought was given to running it as an investment firm.”

KEY BACKGROUND

Ramaswamy announced his candidacy for president in the Republican primary in February, citing his business acumen and accomplishments as reasons he should be the next president. Before his campaign, he founded the drug development company, Roivant, in 2014 and served as CEO until he stepped down in 2021. After that, he founded Strive Asset Management alongside Frerick with the express goal of creating an “anti-ESG” asset management firm, a public rebuke of the trend in Wall Street circles towards investing in companies that are more environmentally and socially responsible.


https://www.newsweek.com/vivek-ramaswamy-fraud-always-has-been-opinion-1823853

In 2015, there was another sordid affair involving Ramaswamy, over Axovant Sciences Alzheimer's drug. In June 2015, Ramaswamy appeared on CNBC to praise the Axovant IPO, which soared to over $30 a share based on expectations surrounding its Alzheimer's drug, Intepirdine. The drug was touted as a "breakthrough," yet upon closer examination, this development fell apart.

Axovant had acquired the drug for $5 million in December 2014, six months before the IPO, after the majority of Phase 2 trials had "failed to meet their primary endpoints" in 2010. Ramaswamy devised a solution: His mother, Dr. Geetha Ramaswamy, conducted a new Phase 2 trial in 2015 involving "684 subjects." This trial conveniently claimed to demonstrate sufficient improvement to "support Phase 3" trials.

The aftermath was a triumphant $350 million IPO in 2015, followed by a drastic fall. By September 2017, the stock had plummeted 75 percent after Ramaswamy and his mother announced the Phase 3 trial's failure. Subsequent trials continued to disappoint, culminating in a 99 percent loss in value and a name change for the company.

While investors suffered significant losses, Ramaswamy profited from a higher media profile, IPO payouts, and the sale of remaining Axovant assets in 2020.

Ramaswamy's latest scam appears to be his run for president.


A pump and dump scheme is not a sign of capability or intelligence. If conmen are considered smart then he is smart I suppose.
He wants the elderly and poor to die in the street like in India dalton99a Nov 16 #1
Well, I guess I'm out. dmr Nov 16 #2
But it clearly shows how they think. Baitball Blogger Nov 16 #10
It figures. TexasTowelie Nov 16 #3
Oh, guess I'm out then 0rganism Nov 16 #4
I can't even Hekate Nov 16 #5
Is zero even or odd? Hugin Nov 16 #6
Even NameAlreadyTaken Nov 16 #7
That's a 10% chance LetsGetSmartAboutIt Sunday #78
What the hell lis he talking about? MadameButterfly Nov 16 #8
He was talking about Greg_In_SF Nov 16 #12
Thank you Tickle Nov 16 #23
How is that more rational? yardwork Nov 16 #36
Oh, what a relief! Nothing bad will happen! He's only gutting the federal governemnt!! hatrack Nov 16 #41
I'm FOR Greg_In_SF Sunday #77
I was just about to post this SickOfTheOnePct Nov 16 #42
Civil Service reduction CanonRay Nov 16 #53
Where this came from (and before killing myself) soandso Nov 16 #9
Your post is an important clarification luv2fly Nov 16 #15
Last line in the OP tweet said something about government efficiency soandso Nov 16 #17
"it is a thought experiment, not a policy prescription" Grokenstein Nov 16 #18
sick fucks "think" like this John Shaft Sunday #80
The US federal government employs about 3 million people Farmer-Rick Nov 16 #24
And how will our economy respond to 3 million people who can't buy anything? yardwork Nov 16 #37
Maybe they could replace the people they are going to deport. tetedur Nov 16 #61
I'm sorry, but the bigger issue is that the idiot apparently thinks the Federal Government can operate with Wiz Imp Sunday #83
Wonder when he and Muck will start fighting? brush Nov 16 #28
The basic problem with Swamy's so-called thought experiment... Hugin Nov 16 #38
States LiberalFighter Nov 16 #49
I had never seen the actual breakdown. Hugin Nov 16 #54
Residence when applied for, yes. I was born in NC but grew up in Fla. ms liberty Sunday #82
Interesting. So we can have a total maximum population of 610 million. Turbineguy Nov 16 #63
Exactly! SheltieLover Nov 16 #58
That does, however, prove he is an idiot, who knows nothing about government or real life muriel_volestrangler Nov 16 #39
It's pukeworthy that inevitably Smarmy and Eloon believe that they are undoubtedly... Hugin Nov 16 #43
There is no need for an efficiency cut as that shit Swamy is proposing. LiberalFighter Nov 16 #50
I haven't listened to the full conversation soandso Nov 16 #65
If it shouldn't be taken seriously, then he's stupid muriel_volestrangler Nov 16 #69
I think the video is from Sept of '23 soandso Nov 16 #74
September 2024. muriel_volestrangler Sunday #75
Well jfz9580m Sunday #81
Thanks and I'm not surprised by that soandso Sunday #86
Agreed jfz9580m Sunday #87
Up until about 2011 SSN were distributed based on states LiberalFighter 4 hrs ago #89
*Shrug* As a retired Federal Government (USPS, USMC) employee I'm not eligible for SS. Ping Tung Nov 16 #66
It has nothing to do with SS soandso Nov 16 #67
Who elected that shithead? Klarkashton Nov 16 #11
No one. Yavin4 Nov 16 #13
Goebbels, Goering, Mengele and others were not elected. usonian Nov 16 #20
It is very discriminatory. The first number is your state. LeftInTX Nov 16 #14
Mine is from the Milwaukee area xmas74 Nov 16 #16
Do any of you Greg_In_SF Nov 16 #19
I worked for MO State for 15 years. xmas74 Monday #88
Yeah. I don't really understand why he thinks there would be no lawsuits. travelingthrulife Nov 16 #44
WTF Figarosmom Nov 16 #21
comfirmed to what? He has not been nominated to anything drray23 Sunday #85
This guy is LilElf70 Nov 16 #22
Oooh! I'll play: "If your name has two Vs in it, we tie a millstone around your neck and toss you into the ocean!" struggle4progress Nov 16 #25
If your name has two Vs in it, we put you in a rickety old cart and drag you over to madam guillotine ...... Trueblue1968 Nov 16 #27
Why do they not like odd numbers? FlyingPiggy Nov 16 #26
That's stupid peregrinus Nov 16 #29
Take a revolver and put one bullet... Girard442 Nov 16 #30
Message auto-removed Name removed Nov 16 #45
Good morning Sunshine! GP6971 Nov 16 #46
Not at all. He's discussing an absurd game of chance... Girard442 Nov 16 #47
Message auto-removed Name removed Nov 16 #48
This should have been campaign fodder. GreenWave Nov 16 #31
Whereas, if the first two and last two digits total 23, Buns_of_Fire Nov 16 #32
I didn't see you had already posted this and I just posted it. But it is a good post riversedge Nov 16 #33
Gid what a moron underpants Nov 16 #34
Don't react JustAnotherGen Nov 16 #35
Ok mini-thanos. That makes perfect sense. JanMichael Nov 16 #40
That's not 75%. Half will go with ending in odd and take some portion of those starting with even will also be culled. 33taw Nov 16 #51
They will all just say stuff to inflame us. Don't take the bait. 33taw Nov 16 #52
Suppose you have two elderly couples. One couple gets everything cut & the other nothing. CrispyQ Nov 16 #55
He's not talking about SS reciepients Zeitghost Nov 16 #72
It's still stupid. -nt CrispyQ Nov 16 #73
From the SS Administration. Historic NY Nov 16 #56
Things didn't end so well for Thanos, either. C_U_L8R Nov 16 #57
If you voted for Trump you are out... There is 50%... kirby Nov 16 #59
Whew! Polybius Nov 16 #60
And what is Trump's SSN? NameAlreadyTaken Nov 16 #62
Good Lord. cpamomfromtexas Nov 16 #64
That's fine. BannonsLiver Nov 16 #68
Well I'm fucked MustLoveBeagles Nov 16 #70
doesn't even matter WHAT he is talking about Skittles Nov 16 #71
It's not a problem. Aussie105 Sunday #76
I am Indian and I am so ashamed of this guy jfz9580m Sunday #79
Efficient. No one has to check to see if you are a republican or a Democrat to fire you. Autumn Sunday #84
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