Fuck the face of the clown show. Should have punished the criminals on Wall Street. No heads will roll because no heads ever roll for financial criminals. Getting fired isn't heads rolling. Chopping off heads is heads rolling.
Well Bernie Madoff went to jail.
I think he was the face of the clown show of fraud and the public would not forget him. Or how the Enron CEO went to jail and died.
We gotta have our pound of flesh to please the crowd even if its a whole fucking gigaton that's guilty!
I do think some heads will roll on this, but not everyone will got to jail obviously.
Silicon ≠ Silicone
Nor cal silicon valleyBreast implants, computer chips. A minor distinction.
So from this article, it says that the FDIC is going to make all depositors whole from both banks?
That's a lot of billions from the FDIC. Assuming they have enough to cover SVB and Signature, how does their FDIC fund get replenished?
(229 Billion extra to cover both banks)
US banks have well over $1 trillion of uninsured deposits. Signature Bank was among the most exposed.
So from this article, it says that the FDIC is going to make all depositors whole from both banks?
That's a lot of billions from the FDIC. Assuming they have enough to cover SVB and Signature, how does their FDIC fund get replenished?
(229 Billion extra to cover both banks)
US banks have well over $1 trillion of uninsured deposits. Signature Bank was among the most exposed.
US banks have well over $1 trillion of uninsured deposits. Signature Bank was among the most exposed.
The US government shut another financial institution on Sunday. This time it was Signature Bank, which had 90% of its deposits uninsured by the FDIC.www.yahoo.com
This. And its very different from 2008-2009. Then those assets cratered in terms of value so there were very significant losses to be realized. This go around a huge amount of assets are in high quality, low risk assets like US Treasuries which have not materially changed in value relative to deposits. So they had enough assets to cover the withdrawals they just couldn't sell them fast enough. So the gap - if any - is substantially smallerThere are assets that have value that will be sold off. The actual gap will be much less.
In the latter scenario student loan forgiveness doesn't do anything to fix the underlying issue. It's a bandaid with consequences. Now don't get me wrong I'm for it but only because the alternative is apparently nothing and those in their 20-30s are showing signs of credit delinquency issues. It's also a very significant amount - too high IMO given the average student loan debt is <$40k and the median is right around $20k. But the entire apparatus already encourages students to take out substantial loans, students who demand\vote\select expensive schools\facilities for questionable reasons, states to underfund education, allows fiscally irresponsible or predatory schools and all this does is encourage everyone to ramp that up because the Feds will just step in. And if inflation gets worse too? Well that's just more fun for everyone
Note going in, that Washington Post article is from 2018.Fucking hell
You either die a hero or you live long enough to see yourself become the villian!
They haven't been able to blame Biden specifically yet. They will keep trying. Meanwhile let's just keep brainwashing our audience by just repeating "woke" and "liberal" and talk down the economy.I was pretty close, they blame woke liberals and a liberal anti-business economy.
Investor Kevin O'Leary breaks down the Silicon Valley Bank collapse | Fox News Video
Kevin O'Leary called the collapse an 'absolute mess' and warned that this is an important lesson for every company, not just start-ups and the venture community on 'Your World.'www.foxnews.com
Home Depot co-founder torches ‘woke’ Silicon Valley Bank collapse, warns recession may be here already
Home Deport co-founder Bernie Marcus analyzed the historic collapse of 'woke' Silicon Valley Bank and the harmful impact it could have on everyday Americans.www.foxnews.com
You mean whitey mismanaged the bank and threatened our economy yet again? It's amazing how quickly lies circle the globe while the truth doesn't get out of the starting gate.
So who sank the boat, Kim or Michelle?
Too bad they don't have a "Tyrone" or "Treyvon" to blameSo who sank the boat, Kim or Michelle?
Too bad they don't have a "Tyrone" or "Treyvon" to blame
Right on queue as I predicted, former President Orange Bigmouth trying to use the crisis of confidence against his own country. That's going to be the right wing tactic for the next few weeks.
Smart implants are the next big things.Breast implants, computer chips. A minor distinction.