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Weird Finance (sh.itjust.works)
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[-] clay_pidgin@sh.itjust.works 307 points 3 months ago

https://www.marketplace.org/2023/11/09/whats-the-deal-with-speaker-mike-johnsons-financial-disclosure/

He claimed 0 assets. No stocks, no interest earning bank accounts, no mutual funds, no CDs. That's awfully suspicious.

[-] lettruthout@lemmy.world 82 points 3 months ago

Yeah. Maybe the most important word here is "claimed".

[-] Gerudo@lemm.ee 72 points 3 months ago

Don't you need an account for your paycheck? Like they don't pay cash.

[-] clay_pidgin@sh.itjust.works 49 points 3 months ago

Some places pay cash, and some will pay in pre-paid debit cards. That's not usually the case for the U.S. Gov't, though!

[-] jaybone@lemmy.world 6 points 3 months ago

What kind of scammer is paying in prepaid debit cards?

[-] prettybunnys@sh.itjust.works 11 points 3 months ago

McDonald’s did this I believe

[-] tmyakal@lemm.ee 11 points 3 months ago

Dollar Tree, too. A friend of mine worked there for two weeks, quit when her first paycheck came as a debit card.

[-] VerdantSporeSeasoning@lemmy.ca 2 points 3 months ago

At least some Safeways do this for anyone without direct deposit.

[-] sevan@lemmy.ca 7 points 3 months ago

According to FDIC, about 4.5% of US households do not have a bank account of any kind, but that number is much higher when you only include low income households. Some choose not to have an account, some are denied accounts by banks for various reasons.

https://www.fdic.gov/analysis/household-survey/index.html

Also, most banks only offer free checking accounts with direct deposit or a minimum balance. I don't know if this is still the case, but I worked for a payroll processor many years ago and, at that time, many small businesses chose not to offer direct deposit to their employees. Paying bank fees is very difficult for low income households.

One of the options the company I worked for had was to offer refillable debit cards to employees that their paychecks would be deposited to. This gave them the basic features of a bank without needing to create their own account.

[-] jaybone@lemmy.world 3 points 3 months ago

I had not heard of this before. So who owns the account? Can they go to the bank website and check their balance and transfer money? Can they pay bills online? Withdraw cash from an atm?

If so, that has pretty much all the functionality of a checking account. I suppose minus the actual check writing. Are they worried low income people will do check fraud? Or maybe just overdraw with checks?

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[-] zephorah@lemm.ee 49 points 3 months ago

Is he married? Maybe all of it is in his wife’s name.

[-] Omgpwnies@lemmy.world 32 points 3 months ago

or an LLC or some other tax haven

[-] satanmat@lemmy.world 12 points 3 months ago

This is most likely the correct answer.

Hides assets and protects them from prying investigation

[-] clay_pidgin@sh.itjust.works 19 points 3 months ago

I support that's possible.

[-] rambling_lunatic@sh.itjust.works 40 points 3 months ago

"Actually, the Speaker’s office told Marketplace that he does have a personal bank account, but it’s exempt from House reporting rules because it doesn’t earn interest."

Lol

[-] Corigan@lemm.ee 14 points 3 months ago

Oh the perfect cover for massive bribes got it.

[-] julietOscarEcho@sh.itjust.works 3 points 3 months ago

None of our bank accounts really pay interest, 0.01% come on.

[-] grue@lemmy.world 35 points 3 months ago

No claimed assets + religious nutjob suggests to me that he gives all his income to some cult leader.

[-] driving_crooner@lemmy.eco.br 13 points 3 months ago

The cult leader? Itself.

[-] Coskii 132 points 3 months ago

So you're telling me that either Mike Johnson has a wad under his mattress, or is somehow the most based cryptobro in politics? Someone should.... investigate.... this.

[-] superb 92 points 3 months ago
[-] sugar_in_your_tea@sh.itjust.works 26 points 3 months ago

This is my vote, using Occam's Razor. Or a related option: he's being overly pedantic about terminology (e.g. maybe everything is in a trust or something).

[-] MySkinIsFallingOff@lemmy.world 14 points 3 months ago
[-] NegativeInf@lemmy.world 3 points 3 months ago

He's kinda busy.

[-] Signtist@lemm.ee 2 points 3 months ago

Why would they investigate it? Either he has no money, and is telling the truth, or he "has no money" and will be happy to share his "nothing" to keep an investigation from happening.

[-] Coskii 17 points 3 months ago

It was stated elsewhere that he has

no interest earning bank accounts

So while most bank accounts do earn interest, apparently he has one which does not.

The investigation part of mine was more insinuation that he had a massive wad of money sitting relatively unsecured in his home.

[-] takeda@lemmy.world 11 points 3 months ago
[-] Coskii 16 points 3 months ago

From that same article:

Actually, the Speaker’s office told Marketplace that he does have a personal bank account, but it’s exempt from House reporting rules because it doesn’t earn interest.

[-] Signtist@lemm.ee 4 points 3 months ago

...yeah, that's what I'm saying. Maybe he's got no money, or keeps it in a bank with no interest for some weird reason, but the more likely scenario is that he has a lot of money he doesn't want to make public. If he's got so much money that it benefits him more to keep it hidden than to let it publicly gain interest, then he's going to be willing to hand some of it off to a corrupt public official to prevent an investigation.

If a real investigation were done, then there would be no reason for him to bribe anyone, which is the more important thing for the vast majority of the government, so they have no reason to do an investigation. I'd like them to, but my preferences aren't going to matter to the guy who only took the job of an investigator for the bribery money. If anything, they'll just do a sham investigation so that they can say "nope, nothing" while walking away with their pockets full of cash.

It's been a long time since this country meaningfully punished a rich man for doing something wrong.

[-] Hikermick@lemmy.world 54 points 3 months ago

Is he not 3rd in line? Also there is a currently a member of congress being investigated because they claimed on their campaign finance forms to have loaned their campaign $350,000 despite not having a savings account. Pretty weird if you ask me

[-] Snowyday@startrek.website 56 points 3 months ago

Biden is the president

Harris is first in line should Biden leave office

Johnson is second in line, behind Harris

[-] Zachariah@lemmy.world 53 points 3 months ago

Yes, it’s a zero-indexed array.

[-] mindbleach@sh.itjust.works 8 points 3 months ago

As programmer, that should feel right, but it sure doesn't.

[-] Transporter_Room_3@startrek.website 10 points 3 months ago

3rd if you count the presidency itself.

Pres

Vp

Speaker

President pro tempore

[-] Brunbrun6766@lemmy.world 23 points 3 months ago

I prefer my presidents pro Teriyaki

[-] trumpetmouth@lemmy.world 10 points 3 months ago

have i been eating amateur teriyaki this whole time?!

[-] ayyy@sh.itjust.works 9 points 3 months ago

If it was Kikoman, honestly yes.

[-] Routhinator@startrek.website 19 points 3 months ago

The president is not in line though. His office is what the line is for, and he's in it.

[-] SkyezOpen@lemmy.world 2 points 3 months ago

If they all lined up outside biden's office, I bet he would wait at the back of it.

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[-] FundMECFSResearch 27 points 3 months ago

Idk why but the line of attack with weird isn’t really doing it for me.

But it doesn’t matter much because I’m far from the average voter and they already earnt my vote 5 times over.

[-] Blue_Morpho@lemmy.world 50 points 3 months ago

It's being overused. However The Speaker of the House of Representatives not having any bank accounts is best described as weird.

[-] 0ops@lemm.ee 19 points 3 months ago* (last edited 3 months ago)

I don't think that Democrats should get too hung up on the word "weird" specifically, because that can get overdone pretty quickly, but the general strategy of gently insulting Trump in a way that flusters him and embarrasses his supporters is golden imo.

I'm in a terminally red area. I usually try to avoid political discussions, but when I've been pressed for my opinion on Trump, I tend to avoid talking about policy, because really, that's a dead end for the type of person that would start this conversation. Instead I'll respond with something like "politics aside, he honestly comes across as kinda dumb" or "Naw, he creeps me out". Bam! There isn't a fox news talking point for that that doesn't involve trying to change the conversation to some dem, and really these statements are just a matter of opinion. Go straight to policy and you'll get memorized talking points back, go to really harsh direct insults, they'll dismiss you as having TDS. But when you keep it subtle and insulting in an everyday, almost dismissive sort of way, like by saying say "sorry no, your guy is just too plain weird", that gets to them. It forces introspection, and though it might not mean anything that day, those short moments of realizing that their politicians really are a bizarre group might start to add up. I know it did for me. Antagonizing Trump should be secondary to subtley and carefully making his supporters embarrassed to support him and dorks like him.

[-] Trainguyrom@reddthat.com 4 points 3 months ago

I’m in a terminally red area. I usually try to avoid political discussions, but when I’ve been pressed for my opinion on Trump, I tend to avoid talking about policy

Honestly policy is a surprisingly safe topic because most laypeople don't pay close attention to policy. Stay away from the current hot talking points and just speak in broad strokes and most trumphumpers will actually agree with very progressive policies

[-] Diplomjodler3@lemmy.world 16 points 3 months ago

It seems to work on the people for whom Trump being a complete lunatic, obviously suffering from dementia, trying to overthrow US democracy and being in league with their country's biggest enemy doesn't work. So, I'll take it

[-] protist@mander.xyz 14 points 3 months ago

When Walz delivered the line originally it landed really well. Ultimately, the point is to impact the conversation enough so the people who aren't very plugged in hear it, which I think has worked. I don't think many people here needed to be convinced not to vote Republican

[-] zephorah@lemm.ee 10 points 3 months ago

It’s dismissive and invalidating, which really does work on T regardless.

[-] BradleyUffner@lemmy.world 4 points 3 months ago

I don't really get it either, but it's driving them crazy, so I go with it

[-] AFKBRBChocolate@lemmy.world 3 points 3 months ago

I've said before that it seems silly to me, but I'm not the target audience, and it's apparently driving the MAGA crowd nuts, so what the heck.

[-] Passerby6497@lemmy.world 4 points 3 months ago

Its driving the MAGAts nuts is because their identity is wrapped up in being part of the SiLeNt MaJoRiTy, so pointing out that they're just a bunch of weirdos with minority opinions just destroys their self worth.

After all, we all know what they think of minorities.....

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this post was submitted on 07 Aug 2024
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