I’m just some guy, you know.

  • 61 Posts
  • 1.54K Comments
Joined 6 months ago
cake
Cake day: May 7th, 2024

help-circle





  • Churning. The art of spending money in a circle using accounts that offer rewards.

    I knew a guy who had like 50 credit cards and 25 bank accounts. He could move money in circles all month, and get like $100k/year in cash back rewards on top of his $100k/year job. His credit report said he spent $8M a year on credit cards. His credit score was 845.

    He also pretty much flew for free, and he flew all the time. There were a few mileage programs in his little scheme.

    As far as I can tell, 100% legal. The banks just make frequent changes to their offerings to make it hard to do.




  • So the argument is that it was unfair to sell Infowars to The Onion, because they weren’t the highest bidder - rather, the Sandy Hook parents approved of this bid, and not any others that were higher.

    BUT… Those Sandy Hook parents also agreed to forfeit a portion of their settlement in exchange for favoritism towards the Onion, making that bid the one that would cover the largest number of settlement dollars, which is the primary goal of auctioning off his assets in the first place.

    So good luck arguing against this sale. The Sandy Hook parents have $1.4B worth of settlement dues to work with, and they know that they aren’t going to see most of it repaid in their lifetimes. They can keep conditionally forfeiting money until you’d need to pay hundreds of millions to acquire Infowars. If Elon decided to do that anyway, the cash would go straight to the parents, and he’d be opening himself up to massive liabilities the moment Alex Jones inevitably opens his mouth about Sandy Hook conspiracy shit on X.