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2023-03-13 Economy
Second bank shuttered as rise of 'woke' financial sector sparks criticism of unsound investment moves
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Posted by badanov 2023-03-13 00:11|| || Front Page|| [11130 views ]  Top

#1 
allow all depositors at SVB to access all their money Monday morning
FDIC limits coverage to deposits <= $250,000. I'm sure taxpayers will have to somehow pay for the "uninsured" one way or the other. More government misdirection and lies...
Posted by Gromble Dribble4342 2023-03-13 00:20||   2023-03-13 00:20|| Front Page Top

#2 
Posted by badanov 2023-03-13 00:22||   2023-03-13 00:22|| Front Page Top

#3 
Posted by badanov 2023-03-13 00:30||   2023-03-13 00:30|| Front Page Top

#4 
Posted by badanov 2023-03-13 00:32||   2023-03-13 00:32|| Front Page Top

#5 
Posted by badanov 2023-03-13 00:37||   2023-03-13 00:37|| Front Page Top

#6 insisted the move was not a taxpayer-funded bailout

Where did the money come from?
Sale of the Strategic Reserves?
Posted by Skidmark 2023-03-13 06:11||   2023-03-13 06:11|| Front Page Top

#7 ..how about tapping every sitting pols' reelection campaign funds to start?
Posted by Procopius2k 2023-03-13 09:23||   2023-03-13 09:23|| Front Page Top

#8 As the nice man said in 'Platoon', 'there's the way things ought to be and the way things are...'

In theory blanket guarantees early on should stem what could be systemic panic. But there's also a context and history immediate and not.

In '08 they selected winners and losers rather than letting all the chips fall where they may. Now, at a time when we are on the tab for Ukrainian civil servants' pensions, not to mention enough weapons to put every last of them into an Abrams before it's all over.

Let's not forget about Bankman-Fried either since we will all be dutifully cleaning that money laundering catastrophe up for the foreseeable.

Short story way too long, they over tax all of us to protect their friends and supporters from bad decisions. If it happens to aid the overall banking and economic systems, well, that's ah verrah nahhce.

Oh, and the poor saps in East Palestine can go pound sand. 23 skidoo!
Posted by Cesare 2023-03-13 10:08||   2023-03-13 10:08|| Front Page Top

#9 
Short story way too long, they over tax all of us to protect their friends and supporters from bad decisions.
"Tax"?? No they won't directly "tax" all of us. Federal authorities will simply continue to debase the US $ with continued insane spending, continued expansion of the national debt, and continued inflation. 18 months ago I could buy 10 lb of Quaker Old Fashioned Oats for $7.50, now it costs $12.98 at the same store. THAT is worse than any tax I've encountered.
Posted by Gromble Dribble4342 2023-03-13 12:24||   2023-03-13 12:24|| Front Page Top

#10 This is just the latest crisis being over publicized to cover for our DC criminals raping our national treasure.
Posted by 49 Pan 2023-03-13 12:47||   2023-03-13 12:47|| Front Page Top

#11 We Are Now Being Deluged With UFO Propaganda
Posted by Skidmark 2023-03-13 14:15||   2023-03-13 14:15|| Front Page Top

#12 #p I agree at least up to the point that it is worse than any tax, say inheritance tax for one although many are the ways the Swamp steals from producers.
Posted by Cesare 2023-03-13 16:12||   2023-03-13 16:12|| Front Page Top

#13 Undermined Financial Organizations.
Posted by swksvolFF 2023-03-13 16:14||   2023-03-13 16:14|| Front Page Top

#14 Musk offered to buy SVB and the FED/FDIC/Treasury wouldn't even talk with him.
Posted by 3dc 2023-03-13 16:40||   2023-03-13 16:40|| Front Page Top

#15 Skidmark is right. It the UFO's. They are manipulation the news. We are doomed! The sky is falling.....
Posted by 49 Pan 2023-03-13 19:10||   2023-03-13 19:10|| Front Page Top

23:58 trailing wife
23:52 Xyz
23:50 Albert Noodleman5879
23:20 Skidmark
23:18 Skidmark
23:17 Skidmark
22:08 Albert Noodleman5879
21:37 SteveS
20:47 Rex Mundi
20:42 badanov
20:30 Beavis
20:23 Whiskey Mike
20:12 swksvolFF
19:49 European Conservative
19:46 Rex Mundi
19:45 Frank G
19:41 Rex Mundi
19:41 M. Murcek
19:31 Snakes Splat1492
19:22 European Conservative
19:10 49 Pan
19:10 Rex Mundi
19:04 Rex Mundi
19:03 European Conservative









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