https://m.youtube.com/watch?v=hL8V5kyBK6c
@done2, @jkkugdyh - Now kith.
TLDR: Banks must not believe global warming is real, else they wouldn't give loans to purchase waterfront properties, because rising ocean levels would ruin the collateral of those properties, and they'd lose money when the mortgages default
The comments on YouTube seem to have full faith in bank's assessment, and also believe global warming is a lie. But we know banks suck and can't be trusted to make good decisions. Especially 40 years out. Short term gains are what matters to those there now. The first bank to deny these loans is the first to lose on short term gains. The incentive isn't there, until it's too late
Lawl. Don’t banks have insurance in their money
Progressivism has morphed into a religion. All these "woke" companies are engaging in it too, including Lyft advocating for firearms rights restrictions.
Newsflash, the corporations and governments don’t believe it. It’s all means for marketing votes or products
I understand they don't truly believe in it because actions speak louder than words. They appear "woke" in an attempt to market their products and brand.
This is a nice strawberry, no one serious is projecting a 10 foot rise in sea level though. Even the IPCC only projects between 26 and 82 cm by the end of the century. So even the most pessimistic estimate only predicts a ten inch rise in sea level for a 30 year mortgage. Personally I don't think global warming will be a huge issue, but I do acknowledge that it's happening.
No one calls it global warming anymore. It’s called climate change now so they can take literally anything that changes in weather or climate and call it climate change.
Well maybe it isn't politically correct any more, but the term global warming is more precise.
Who cares what banks think lol. What matters is what is the science saying? Also that guy is a sociopath.
A certain type of people believe social media more than established science. Dark times ahead...
You’re right, you just might be surprised about who’s been led down the garden path
Imagine being the type of person that gets their worldview from random YouTube videos 😂
Forget the banks and forget the science. Look in front of you. Greenland is melting, the polar ice is disappearing faster than it ever has. The tundra is melting in Russia releasing a tremendous amount of methane that’s been locked up for thousands of years. I’ve lived in SF, CA for a few decades and it’s hotter here than it’s ever been. No one has AC and you sure as heck need it now, it’s supposed to hit 80 today. Global warming or not, something is happening. The wild fires on the west coast are out of control. Put your phone down and go outside to see for yourself.
But who's ever heard of a category 5 hurricane?
This is false. Look it up. Temps have barely changed in past 50 years. We talking 1-2deg F at most. Keep consuming your lib-trash fake “news”
Lol, just like banks never invest in a bubble when everyone knows it’s a bubble. 🙄 If there’s money to be had now, then there will be investments. Capitalism doesn’t do long term planning.
Nope, if the collateral is destroyed and the debater can’t pay then the bank needs to write off the value.
Or get bailed out by the government. There’s money to be had now... next quarter’s numbers are all that matter. If you want planned economies, go back in time to the USSR, pinko! This is capitalism: no tomorrow, give me my money now!
The only way we survive is if we give all of our money to the countries who pollute more than the rest of the world Combined
China had been giving money away for years (or centuries depend on how to count it). Look much allies they have in UN.