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03-13-2023, 03:30 PM
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#76
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Zerohedge and other financial sources are reporting interbank liquidity is now totally frozen... 
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03-13-2023, 03:36 PM
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#77
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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Credit Suisse Securities about to Fall by March 24th
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03-13-2023, 05:48 PM
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#78
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Registered User
Join Date: May 2020
Location: New Jersey
Posts: 1,043
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Quote:
Originally Posted by PaceAdvantage
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?  |
Quote:
Originally Posted by xtb
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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To be fair, Barney Frank also said today that the banks should not be bailed out.
Personally, I never had any use for Barney but I truly respected his bull-dog partisanship and take no prisoners approach to government. The GOP needs more of his type than the Pence, Ryan, etc., milquetoast conservatives I'm expected to support.
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03-14-2023, 09:36 AM
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#79
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 86,624
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Quote:
Originally Posted by PaceAdvantage
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 |
So yeah...turns out ol' Sig Bank was the THIRD LARGEST bank failure in US history.
So we've had the 2nd & 3rd largest bank failures in history thanks to JOE BIDEN failing to reinstall the DODD-FRANK thingy and RENOMINATING ol' Jerry Powell to the FED.
THANKS JOE BIDEN.
You genius you.
Good thing the ADULTS ARE BACK IN CHARGE after that last administration.
Last edited by PaceAdvantage; 03-14-2023 at 09:40 AM.
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03-14-2023, 09:40 AM
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#80
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 86,624
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Of course I was just kidding in my last post about Dodd-Frank...
Hell, one of the authors of Dobbs-Frank himself, the esteemed Mr. Barney Frank said this about Trump's actions:
Quote:
Notably, Barney Frank, co-author of the Dodd-Frank Act, told Bloomberg on Sunday that if his original bill wasn't passed, "we'd be seeing a lot more damage these days," but he doesn't necessarily blame Trump's rollbacks for SVB's fallout.
"I don't think that had any effect," Frank said. "I don't think there was any laxity on the part of regulators in regulating the banks in that category, from $50 billion to $250 billion."
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https://www.businessinsider.com/sili...ollback-2023-3
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03-14-2023, 11:12 AM
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#81
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Registered User
Join Date: May 2011
Posts: 21,681
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it is AMAZING that when shit hits the fan, the Biden administration never admits they f#cked up but blame TRUMP and most of the media parrot that crap.
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03-14-2023, 11:33 AM
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#82
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 111,404
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I moved all my money to Xpressber.
Far more secure outfit.
__________________
Who does the Racing Form Detective like in this one?
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03-14-2023, 01:00 PM
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#83
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 86,624
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03-14-2023, 01:59 PM
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#84
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The Voice of Reason!
Join Date: Mar 2001
Location: Canandaigua, New york
Posts: 111,404
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Runaway inflation. Trump
High gas prices Trump.
China spy balloon. Trump.
Train derailment. Trump.
Banks failing. Trump.
This is what you get when your poyus needs a butt-wiper.
__________________
Who does the Racing Form Detective like in this one?
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03-14-2023, 02:25 PM
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#85
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Registered User
Join Date: Oct 2001
Posts: 46,767
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And here come the lawsuits...
Shareholder Lawsuit Accuses Silicon Valley Bank Executives of Fraud
https://www.theepochtimes.com/shareh...T0duT18CZWY%3D
"Fraud" you say? Oh what fun lies ahead...
__________________
Consistent profits can only be made on the basis of analysis that is far from obvious to the majority. - anonymous guru
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03-14-2023, 03:30 PM
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#86
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Registered User
Join Date: Mar 2014
Location: Connecticut
Posts: 4,730
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Quote:
Originally Posted by davew
it is AMAZING that when shit hits the fan, the Biden administration never admits they f#cked up but blame TRUMP and most of the media parrot that crap.
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Biden conveniently and deceptively omitted that the "rollback" of federal regulations was, at the time, a BIPARTISAN decision.
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03-14-2023, 03:47 PM
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#87
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Registered User
Join Date: Dec 2015
Location: Toronto
Posts: 1,929
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It's not fair to Dementia Joe. He can't remember what drug cocktail he was given for breakfast so he can somewhat function. I keep hearing about his accomplishments. What about all the fuck ups?
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03-14-2023, 05:18 PM
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#88
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 11,250
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Quote:
Originally Posted by azeri98
It's not fair to Dementia Joe. He can't remember what drug cocktail he was given for breakfast so he can somewhat function. I keep hearing about his accomplishments. What about all the fuck ups?
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I would also say, what accomplishments? As for his memory he has now forgot what year he graduated High School. I posted in another thread where he told a story of being a High School senior in the 50's. He graduated in 1961, what the hell. Who forgets when they graduated High School?
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03-14-2023, 05:31 PM
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#89
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Registered User
Join Date: Dec 2001
Location: JCapper Platinum: Kind of like Deep Blue... but for horses.
Posts: 5,090
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If true, that's completely messed up.
-jp
.
__________________
Team JCapper: 2011 PAIHL Regular Season ROI Leader after 15 weeks
www.JCapper.com
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03-14-2023, 05:59 PM
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#90
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Registered User
Join Date: Jan 2015
Location: Beaverdam Virginia
Posts: 11,250
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Elizabeth Warren says the millions in bonuses Silicon Valley Bank executives took home last year should be recovered by regulators: 'We should claw all that back'
I figure that deserves bold print as I agree with Elizabeth Warren. I don't understand how executives pay themselves large bonuses for failure. They had to know long ago they were sinking the ship.
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