One of the defining characteristics of the modern Republican Party (other than their love of swastikas and hoods) is that they are determined to live in a walled garden to keep the dreaded Libtard Snowflakes away from them. [Insert your own Brave, Brave Sir Robin joke here.] From ReaganBook onward, it’s been one colossal failure after another.
They keep proving that ideological world building doesn’t work:
A Texas fintech company that marketed itself as an “anti-woke” alternative for “pro-freedom” Americans has shut down.
Imagine thinking that Wall Street Banks are too liberal. The mind, it boggles.
GloriFi, based in Texas, made its debut in September, allowing customers who felt Wall Street was too liberal to open checking and savings accounts and apply for credit cards. Less than three months later, however, the bottom fell out after necessary funding did not come through.
The company, which received initial backing from a group of A-list money types including Peter Thiel and Ken Griffin, was hoping to merge with a SPAC called DHC Acquisition Corp., but the terms of the deal required it to raise $60 million in additional cash. It failed to do so, leading to the dissolution.
We’ve relayed earlier stories about the white alpha-male drunken shenanigans at the HQ, which was the mansion of the Texas millionaire founder, and the on-going exodus of competent people and paranoia of the remaining libertarian ideologues, so I guess this fireball was inevitable, but still what a fun implosion to add to Peter Thiel’s life-long dream of creating a libertarian paradise.
Republished with permission from Mock Paper Scissors.