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Old 03-12-2023, 08:04 PM   #61
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They're going to fucking BAIL THEM OUT....nice!

https://www.cnn.com/2023/03/12/inves...out/index.html

It doesn't exactly make clear HOW...although the article does say taxpayers won't be on the hook...not holding my breath on that one...

How about those poor people in Ohio who lost the value of their homes when that train derailed...is the Biden admin going to BAIL THEM OUT?

Nah...they voted for Trump.

SVB was nice and WOKE...plus they served BIG TECH, who helped Biden get elected...so of course they're going to ALL BE MADE WHOLE.
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Old 03-12-2023, 08:11 PM   #62
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They're going to fucking BAIL THEM OUT....nice!

https://www.cnn.com/2023/03/12/inves...out/index.html

It doesn't exactly make clear HOW...although the article does say taxpayers won't be on the hook...not holding my breath on that one...

How about those poor people in Ohio who lost the value of their homes when that train derailed...is the Biden admin going to BAIL THEM OUT?

Nah...they voted for Trump.

SVB was nice and WOKE...plus they served BIG TECH, who helped Biden get elected...so of course they're going to ALL BE MADE WHOLE.
Yellen the Great, evidently, didn't know what she was talking about because she said earlier:

Treasury Secretary Janet Yellen announced Sunday that the federal government wouldn’t bail out the now-collapsed Silicon Valley Bank (SVB) but said it will work to aid depositors who are worried about their money.

The above taken from the EPOCH Times article I posted earlier today.
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Old 03-12-2023, 08:13 PM   #63
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not sure FDIC works, but insurance supposed to cover up to $250K/ account.
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Old 03-12-2023, 08:19 PM   #64
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SIGNATURE BANK in NY is now CLOSED...another bank bites the dust

LET'S GO...ahhh...fuck it...

https://www.cnbc.com/2023/03/12/regu...emic-risk.html

Quote:
U.S. regulators on Sunday shut down New York-based Signature Bank
in a bid to prevent the spreading banking crisis.

“We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority,” Treasury, Federal Reserve, and FDIC said in a joint statement Sunday evening.

The banking regulators said depositors at Signature Bank will have full access to their deposits, a similar move to ensure depositors at the failed Silicon Valley Bank
will get their money back.

“All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer,” the regulators said.


The regulators shuttered Silicon Valley Bank on Friday and seized its deposits in the largest U.S. banking failure since the 2008 financial crisis — and the second-largest ever. The dramatic moves come just days after the tech-focused institution reported that it was struggling, triggering a run on the bank’s deposits.

Signature is one of the main banks to the cryptocurrency industry. It had a market value of $4.4 billion as of Friday, according to FactSet. The stock had fallen nearly 40% this year after its crypto banking peer Silvergate Capital liquidated its bank.
LOL

All these banks being bailed out...yet the poor folks in East Palestine sitting in homes worth $0 can still GO FUCK THEMSELVES

So sayeth the great BRANDON
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Old 03-12-2023, 08:33 PM   #65
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SIGNATURE BANK in NY is now CLOSED...another bank bites the dust

LET'S GO...ahhh...fuck it...

https://www.cnbc.com/2023/03/12/regu...emic-risk.html

LOL

All these banks being bailed out...yet the poor folks in East Palestine sitting in homes worth $0 can still GO FUCK THEMSELVES

So sayeth the great BRANDON

As time passes the stigma and fear of living in the area will pass, unless of course people have unusually high instances of strange ailments down the road. I used to live by a Superfund site, the Stringfellow Acid pits. Builders slowly started getting closer and closer to the area over time. By 2050, no one will care about East Palestine.
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Old 03-12-2023, 09:39 PM   #66
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IMO going after crypto.
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Old 03-12-2023, 10:30 PM   #67
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They will assess fees on “all the other banks” to save the depositors of SVB and simultaneously look us in the eye and say “taxpayers won’t pay for this”

You don’t think the depositors of “all the other banks” won’t end up paying for this “bailout?”

Call it what you will……..people in the Midwest are about to bailout San Francisco
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Old 03-12-2023, 10:54 PM   #68
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They will assess fees on “all the other banks” to save the depositors of SVB and simultaneously look us in the eye and say “taxpayers won’t pay for this”

You don’t think the depositors of “all the other banks” won’t end up paying for this “bailout?”

Call it what you will……..people in the Midwest are about to bailout San Francisco

My bank is stuck in 1984, and they keep closing branches. I am finally going to switch banks because as of March 24th the nearest branch will be 30 miles away, that is one way. Anyway, I originally thought I would just check into depositing using a smart phone. Believe it or not that is not available, you have to use a scanner, and for that service my business checking account fee would increase $60 a month. Since I only get 5-10 checks a month, screw that.
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Old 03-13-2023, 10:46 AM   #69
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Originally Posted by PaceAdvantage View Post
SIGNATURE BANK in NY is now CLOSED...another bank bites the dust

LET'S GO...ahhh...fuck it...

https://www.cnbc.com/2023/03/12/regu...emic-risk.html

LOL

All these banks being bailed out...yet the poor folks in East Palestine sitting in homes worth $0 can still GO FUCK THEMSELVES

So sayeth the great BRANDON
Financial genius Barney Fife, er Frank received more than $1 million over 3 years for sitting on the board of Signature Bank.
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Old 03-13-2023, 10:58 AM   #70
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Financial genius Barney Fife, er Frank received more than $1 million over 3 years for sitting on the board of Signature Bank.
Barney Frank....the guy who said before the 2008 financial crisis that Freddie & Fannie were totally fine and the GWB administration shouldn't do a thing about it because that would hurt affordable housing for poor folk?

That Barney Frank?
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Old 03-13-2023, 01:11 PM   #71
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Old 03-13-2023, 01:22 PM   #72
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"Biden called for those regulations to return...."



What happened while he was POTUS for the last two years with control of both house and senate?

Was he too busy sniffing little girls to see this important restoration through?

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Old 03-13-2023, 01:27 PM   #73
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Going after VC’s? VC is just a term for people with a shit load of money in the bank. They are entitled to their mobey just like anybody else.

Banks are the only place in the world where you can lend a product at 5-6% and only pay 3-4% on the same product in interest.

How they lose money it is analogous to a casino. How do they lose money?
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Last edited by JustRalph; 03-13-2023 at 01:28 PM.
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Old 03-13-2023, 03:16 PM   #74
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Originally Posted by PaceAdvantage View Post
SIGNATURE BANK in NY is now CLOSED...another bank bites the dust

LET'S GO...ahhh...fuck it...

https://www.cnbc.com/2023/03/12/regu...emic-risk.html

LOL

All these banks being bailed out...yet the poor folks in East Palestine sitting in homes worth $0 can still GO FUCK THEMSELVES

So sayeth the great BRANDON
Briben don't want 10% of toxic dirt and distruction. But 10% of the banks bailout... is quite a tidy sum plus its his future donor's that demands action.

Notice not a word about clawing back all the bonus money that SVB paid itself days before pulling the plug.

Swine all of them wallowing in the trough.
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Old 03-13-2023, 03:27 PM   #75
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This is all a long con by Fund managers... your Blackrock's Vanguard's and alike to force restructuring of long term commercial holdings to their benefit at the expense of others... with the full backing of the Briben Administration handlers. Backdoor deals and public bailouts.
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