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03-11-23, 12:15 AM | #5296 |
Ocean Warrior
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There goes a bank in the second-largest failure of a financial institution in US history https://www.cnn.com/2023/03/10/inves...ank/index.html
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ISRAEL: Essentially "The Alamo" 24/7, 365 since 1947 |
03-11-23, 07:12 AM | #5297 |
Rear Admiral
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Bill Ackman, the billionaire hedge fund manager, called on his cronies in US government to step in and bail out Silicon Valley Bank.
Who are Ackerman’s cronies? Bill Ackman endorsed Michael Bloomberg as a prospective candidate for President of the United States in the 2016 presidential election. He is a longtime donor to Democratic candidates and organizations, including Richard Blumenthal, Chuck Schumer, Robert Menendez, the Democratic National Committee, and the Democratic Senatorial Campaign Committee.
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Guardian of the honey and nuts Let's assume I'm right, it'll save time. Last edited by Rockstar; 03-11-23 at 07:22 AM. |
03-11-23, 10:22 AM | #5298 | ||
Rear Admiral
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The Silicon Valley Bank crisis will force the Fed to slash rates by 100 basis points to prevent contagion, market guru says
Filip De Mott Fri, March 10, 2023 at 11:18 AM EST·2 min read https://finance.yahoo.com/news/silic...161835121.html Quote:
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Guardian of the honey and nuts Let's assume I'm right, it'll save time. |
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03-11-23, 10:23 AM | #5299 | |
Ace of the Deep
Join Date: Oct 2007
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1989 Savings and loan bailouts 2001 Airlines 2008 Automobile aka TARP 2020-2021 Corona virus relief This is part of the reason the current deficit is so high (1.6 trillion). and if Washington doesn't address it, it will eventually crash the economy. |
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03-12-23, 12:55 AM | #5300 | |
Admiral
Join Date: Apr 2007
Location: Florida
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Also the only time in this nations history where there was no deficit at all was from 1835 to 1837 when Andrew Jackson was president. Just thought I'd throw that out there.
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"When you're born into this world, you're given a ticket to the freak show. If you're born in America you get a front row seat." - George Carlin |
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03-12-23, 08:31 AM | #5301 |
Rear Admiral
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If they want to raise taxes they would then have to explain why and where it’s going. So instead they keep borrowing and coming up with slogans for the useful idiots like ‘make the rich pay their fair share’ or ‘they don’t care’ and whataboutisms up the wazoo. Still, nobody knows why or where our taxes are going it’s simply packaged in one massive omnibus spending bill nobody reads. Meanwhile we just gleefully keep hopping on the bandwagon speeding down a big hill with no brakes. Weeeeee
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Guardian of the honey and nuts Let's assume I'm right, it'll save time. Last edited by Rockstar; 03-12-23 at 12:55 PM. |
03-12-23, 09:07 PM | #5302 |
Ocean Warrior
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Another one bites the dust! Signature Bank. Hurray for build back better! https://www.nytimes.com/2023/03/12/b...lley-bank.html
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ISRAEL: Essentially "The Alamo" 24/7, 365 since 1947 |
03-12-23, 10:47 PM | #5303 |
Shark above Space Chicken
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It was during the Trump administration in 2018 that Kevin McCarthy pushed for the repeal of Dodd Frank (2010) with S2155 The Economic Growth Regulatory Relief and Consumer Protection Act that removed policies that would have prevented SVB from getting into the situation it has found itself in. Another shining example of America first.
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"However vast the darkness, we must provide our own light." Stanley Kubrick "Tomorrow belongs to those who can hear it coming." David Bowie |
03-13-23, 09:17 AM | #5304 | ||
Rear Admiral
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what I do believe is no mystery crypto and tech start ups are tanking and not something anyone should be investing in right now. Venture capitalists took their money out and caused the run not poor book keeping. That’s only ONE reason why the banks in California are failing. The Democrats who voted with Republicans that made it possible to push the roll back through are from Alabama, Colorado, Delaware, Indiana, Michigan, Missouri, Montana, North Dakota, Virginia, and West Virginia. No problems there, just California. Maybe you can ask that scheming crook you call Governor and his wife to explain their hand in it. https://californiaglobe.com/articles...nnifer-newsom/ Quote:
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Guardian of the honey and nuts Let's assume I'm right, it'll save time. Last edited by Rockstar; 03-13-23 at 02:23 PM. |
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03-13-23, 02:16 PM | #5305 | |
Rear Admiral
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Meanwhile as Blue Anon and the usual suspects blame Trump.
Barney Frank blames crypto panic for his bank’s collapse. The rift between Frank and Warren is just a preview of what’s to come as Democrats sort out positions on how to respond to the latest banking crisis. https://www.politico.com/news/2023/0...trump-00086765 Quote:
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Guardian of the honey and nuts Let's assume I'm right, it'll save time. |
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03-13-23, 06:19 PM | #5306 | |
Shark above Space Chicken
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https://www.forbes.com/advisor/inves...odd-frank-act/
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"However vast the darkness, we must provide our own light." Stanley Kubrick "Tomorrow belongs to those who can hear it coming." David Bowie |
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03-13-23, 06:30 PM | #5307 | |
Wayfaring Stranger
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And the Dems held both houses of Congress and the White House for two entire years and failed to correct this so called deficiency.
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Flanked by life and the funeral pyre. Putting on a show for you to see. |
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03-13-23, 06:51 PM | #5308 |
Shark above Space Chicken
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Can't argue with that save for also having to deal with the pile of crap handed to them by little man.
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"However vast the darkness, we must provide our own light." Stanley Kubrick "Tomorrow belongs to those who can hear it coming." David Bowie |
03-13-23, 07:22 PM | #5309 | |
Wayfaring Stranger
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Who had piles of crap thrown at him for his entire term in office, by both sides. And the beat goes on.
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Flanked by life and the funeral pyre. Putting on a show for you to see. |
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03-13-23, 08:00 PM | #5310 |
Shark above Space Chicken
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I guess you are talking about little man, and he deserved it. Even the Republican party is slowly moving away from his failed brand now seeing it for the poison everything thing he touches becomes.
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"However vast the darkness, we must provide our own light." Stanley Kubrick "Tomorrow belongs to those who can hear it coming." David Bowie |
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