Watch while they "transfer wealth" by saving banks.
- Thread starter gardentiger
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Here comes more regulation and more slanting of pretty much everything toward the big banks. Never allow a crisis to pass without seizing more power is the number one rule of government. Lost in all the stupidity of talking about how 2018 legislation impacted things is the fact that smaller banks were being unfairly burdened by prior regulations. The reason for this is that the Dodd Frank regulation was designed to act as a pseudo-nationalization of the bank industry by favoring large financial institutions in a dramatic way which made them more controllable by the government.
He also said they won't be covered by the taxpayer, but by fees the banks have paid into the system. No one likes the idea of banks being nationalized but did you want the stock market to lose a trillion + today? Again, this could have been avoided.
His last sentence here LULZ
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Why don't you go around and talk to smaller bank presidents and see what they have to say? I have and they are nearly unanimous in their views. Are you can listen to what the authors of the original legislation said. They were fairly open about their desires to nationalize the banking industry and this being the next best thing. I don't know what's debatable or dramatic about that.
That legislation was right then and it is right today. Hopefully they block any attempts to add additional regulation. It's not needed.
Sure man, your ideas are always the right ones even though they don't work.
See Ohio: E. Palestine - See Banks: SVB
Sure man, your ideas are always the right ones even though they don't work.
See Ohio: E. Palestine - See Banks: SVB
Government standards are all good and well but not when they directly favor one business over another. The government does not have the power to favor a business over another due to size. That is not how it should work and as someone who has been in the community bank and credit union world, what was done helped tremendously. Government isn't always the answer you know?
Most businesses want to do business in a safe and effective way. SVB was a niche bank that did a lot to build economic prosperity and usher in so many of the conveniences we enjoy today. As far as we know, they didn't break the law or do things in an unethical way. They did make some bad decisions. Are you saying now that you want the government to make all the decisions for businesses? Otherwise, you're going to have failures...
Also, that gif is a perfect example of the kind of stuff you do. Post a totally unrelated accident in a MUCH more highly regulated area (the world you love with lots of government) and then blame my views on things for that kind of stuff. LOL
Your views support the decisions that make these events more likely to occur. In retrospect, it looks like Obama got a lot more right than we give him credit for.
No sir they do not. You actually don't even know my views. You generally always assume you do though. I am for a far more secure and conservative means of monetary policy. The irony of your views is that you don't realize the more reckless, fast money policy choices generally exist on the left, not the right.
Obama’s Legacy on the Economy Is Anything But a Mess
"The economy and the labor market experienced long periods of stable growth during Barack Obama’s presidency, laying the foundation to address remaining issues in the Trump administration."
Obama’s Legacy on the Economy Is Anything But a Mess
The economy and the labor market experienced long periods of stable growth during Barack Obama’s presidency, laying the foundation to address remaining issues in the Trump administration.
www.americanprogress.org
They bought treasuries and mbs's at low interest rates. Rates went up value went down. Liquidity crunch. That's overly simple. Fed will simply type out numbers on a screen and create currency as bail. "At no cost to the taxpayer." Except inflation.
Whenever you see "at no cost to the taxpayer" read "let them eat cake".
Obama’s Legacy on the Economy Is Anything But a Mess
"The economy and the labor market experienced long periods of stable growth during Barack Obama’s presidency, laying the foundation to address remaining issues in the Trump administration."
Obama’s Legacy on the Economy Is Anything But a Mess
The economy and the labor market experienced long periods of stable growth during Barack Obama’s presidency, laying the foundation to address remaining issues in the Trump administration.
Obama was an excellent guide for a socialized economy with a massive federal government keeping things in check. That's not who we are or what we're about. At least not the intention. There can be some debate as to whether people have become so uninformed about the tenants of a truly market based economy that they no longer understand how much better it is. You linking American Progress is like me linking Heritage Foundation. It's not terribly helpful in terms of providing a legitimate example of why a more socialistic view of America is the correct course forward.
I personally prefer a more traditional mode of doing business but we have to put guardrails back in place that have long since been removed. Being a constitutional conservative and an advocate of free markets doesn't automatically mean a person favors a wild west "greed is king" way of doing things.
Because Trump’s EGRRCPA eliminated important elements of Dodd-Frank’s Title I, Silicon Valley Bank and other banks of that asset size, are not required to calculate and report the Liquidity Coverage Ratio, the Net Stable Funding Ratio, or to conduct comprehensive liquidity assessment reviews. Capital and liquidity are not the same thing. High quality capital is comprised of common equity and retained earnings; they help you absorb unexpected losses. Liquidity is having enough assets that you can deploy when you urgently need to meet liabilities under stressed conditions. Clearly when SVB had to meet fleeing deposits which are a significant part of a bank’s liability, it did not have liquid assets to cover them.
The purpose of the Liquidity Coverage Ratio (LCR) is for banks to add up all of their high quality liquid assets such as cash, U.S. treasuries, AAA investment grade fixed income securities, and other cash equivalents. That figure is then divided by net stressed cash outflows; this is the part where banks have to calculate all the ‘what if’ scenarios. This part of the LCR requires banks to simulate what happens when big deposits or a significant number of deposits flee. The LCR also asks banks to calculate what happens to them when large receivables do not come in or how a bank is impacted when its biggest counterparties default. Dividing the numerator by the denominator tells you if a bank is sufficiently liquid in periods of stress. If the result is 100 or preferably much higher, banks should be able to meet their obligations at least for a month even in stressed obligations.
To say trump had no part in this is just partisan hackery, which is exactly what I expect of you.
Allowing banks to lend 10x their deposits with no reserves means more extremely low interest money in the economy, which leads to inflation, which leads to higher rates.
How Trump’s Deregulation Sowed The Seeds For Silicon Valley Bank’s Demise
Every couple of years lenders and traders tell me that ‘this time, it will be different.’ Silicon Valley Bank-induced chaos shows that bank deregulation always ends in the same painful way.www.forbes.com
Really you are trying to associate this with Trump
Get over your delusion or get help
will you stop with the TDS when Trump has been dead lets say 25 years
Yes there is a butterfly effect that any and every event can be linked to something in the past
I am going to coin a new word for you guys on tjis matter
Nutterfly Effect
Let it go and you will be happier
Stop supporting him and we'll shut up. He would have been long gone if not for your loyalty, but now this country is threatened again by that sociopath because of people like you.
There is nothing partisan about what I said. I just said that regulation wouldn't have prevented this because regulation is what caused it. Why else would banks have loaded up on MBS and Treasuries at low yield returns?Because Trump’s EGRRCPA eliminated important elements of Dodd-Frank’s Title I, Silicon Valley Bank and other banks of that asset size, are not required to calculate and report the Liquidity Coverage Ratio, the Net Stable Funding Ratio, or to conduct comprehensive liquidity assessment reviews. Capital and liquidity are not the same thing. High quality capital is comprised of common equity and retained earnings; they help you absorb unexpected losses. Liquidity is having enough assets that you can deploy when you urgently need to meet liabilities under stressed conditions. Clearly when SVB had to meet fleeing deposits which are a significant part of a bank’s liability, it did not have liquid assets to cover them.
The purpose of the Liquidity Coverage Ratio (LCR) is for banks to add up all of their high quality liquid assets such as cash, U.S. treasuries, AAA investment grade fixed income securities, and other cash equivalents. That figure is then divided by net stressed cash outflows; this is the part where banks have to calculate all the ‘what if’ scenarios. This part of the LCR requires banks to simulate what happens when big deposits or a significant number of deposits flee. The LCR also asks banks to calculate what happens to them when large receivables do not come in or how a bank is impacted when its biggest counterparties default. Dividing the numerator by the denominator tells you if a bank is sufficiently liquid in periods of stress. If the result is 100 or preferably much higher, banks should be able to meet their obligations at least for a month even in stressed obligations.
To say trump had no part in this is just partisan hackery, which is exactly what I expect of you.
Allowing banks to lend 10x their deposits with no reserves means more extremely low interest money in the economy, which leads to inflation, which leads to higher rates.
How Trump’s Deregulation Sowed The Seeds For Silicon Valley Bank’s Demise
Every couple of years lenders and traders tell me that ‘this time, it will be different.’ Silicon Valley Bank-induced chaos shows that bank deregulation always ends in the same painful way.
Also, those Trump changes were meant to help local and community banks.......which passed with bi-partisan support at a time when he didn't have control of the branches.
If the shoe fits Willy. Do you really think RETRIBUTION is a good thing to run on? Do you really think the majority of Americans want him to get retribution against those that wanted to hold him accountable for his crimes?
THIS IS INSANITY
If the shoe fits Willy. Do you really think RETRIBUTION is a good thing to run on? Do you really think the majority of Americans want him to get retribution against those that wanted to hold him accountable for his crimes?
THIS IS INSANITY
Lol you know I don't like him and won't vote for him. He's toxic. Just like Biden is toxic.
Why even try to debate with a pedo defender that always is moving the goalpost when it suites them...
Everything is the same in Willy World! No differences!
He's toxic you say, but I'm being dramatic by pointing that out? 😅
The bailout will not be paid by taxpayers but by fees from banks to conduct business to The FDIC.
If banks aren't printing currency, the money is a pass-through from their customers to maintain a stable banking system.
Customers AKA TAXPAYERS!
If banks aren't printing currency, the money is a pass-through from their customers to maintain a stable banking system.
Customers AKA TAXPAYERS!
No everything is not equal. There are a lot of different differences in things where one side is right and the other is wrong. But Joe Biden is toxic and so is Donald Trump. That was my only point but again you take that and extrapolate it to be everything. That's not what I said.
You literally stay on this board 20 hours a day and I’m the one who can’t get laid?
I have a good job that allows me to work remotely so it's as easy as keeping a tab open. OKKK?
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anon_5e8aassgcbjz1
Guest
The iq test challenge remains open for you and your buddy Growls
Ahhhh, a dick measuring contest
What is an IQ test(over the internet nonetheless lol) supposed to prove exactly? What happens if you have a higher IQ than me and gayboi one post up has a cooler/better job? Does that mean I automatically lose and you guys are automatically correct about everything and Dpic gets more pussy than I do?
How does this work?
FAKE NEWS! This is getting hysterical. Libs will come up with what is a logical explanation in their flimsy minds to blame Trump for everything. They will find a way to link the Lincoln and Kennedy assassinations to Trump before its over.
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anon_5e8aassgcbjz1
Guest
Take it on paper. Means none of that. I’m sure as hell not right about everything, nor do I get why you lump me in with him or anyone else. Stands only as a reminder that you’re dealing with reasonably intelligent people and should make half an effort to address what they say without retreating to some form of evasive word soup or fallacy. Same goes for me
You're wrong - MAGAs have already told us Kennedy is still alive and his son is coming back to be Trump's VP.
As losses mounted, Silicon Valley Bank doubled down on woke investments and left-wing rhetoric
Following the collapse of two major banks that were focused on social justice investments, American taxpayers may now foot the bill for bad financial decisions that could have been avoided.
justthenews.com
FDIC has only about half the cash needed to cover roughly $264B in deposits at failed banks, report
President Biden says taxpayers aren't paying for failed bank losses because the money comes from the fees banks pay into the deposit insurance.
justthenews.com
A common theme in all these recent crashes, bankruptcies, and foreign aid.....all of the debt load is going to the American taxpayers involuntarily. Debt is being passed to us and generations to follow. This is insane. I swear they are trying to bankrupt the nation.
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