There is a reason he likes kids. He has a whole lot of small D energy coming from him...
Watch while they "transfer wealth" by saving banks.
- Thread starter gardentiger
- Start date
"So the FED just opened swap lines on the entire US Banking deposit base of $17.6T. The FED balance sheet is $8.4T. One year swaps. Then what? Did the FED just become the FDIC? Who eats the losses? Isn't this QE infinity? Can the banks make any loan now consequence free knowing the FED will buy it if it goes south? I have questions. Am I thinking about this correctly?"LLeopard
Yes. Now any bank can make any loan and there is no risk. Because big brother can just print money. This is a moral hazard. My suspicion has always been that the Fed wants to "own it all". It might take 3-5 years but this will usher in a cbdc. That way the powers that be can make sure you don't spend your money at say...a gun store or daily wire sub or non esg stocks.
Yes. Now any bank can make any loan and there is no risk. Because big brother can just print money. This is a moral hazard. My suspicion has always been that the Fed wants to "own it all". It might take 3-5 years but this will usher in a cbdc. That way the powers that be can make sure you don't spend your money at say...a gun store or daily wire sub or non esg stocks.
You are on to something here. This entire fiasco is being guided.
Biggest self palm ive seen from you in awhile. All three of those fit you to a tee...lolAn Appropriate Venn Diagram
You are spending a lot more time on here. What's wrong not as many child drag shows to attend?
Remember you'll need an app on your phone to accept the money you lost in the bank via CBDC. But, that's kind of racist, isn't it?
"It’s well known that SVB funneled American money into Chinese companies.
I pressed the Biden administration today to commit not to bailout Chinese companies with money from Arkansas’s taxpayers, but they refused. Which tells you that’s exactly what President Biden plans to do." Sen. Tom Cotton
I pressed the Biden administration today to commit not to bailout Chinese companies with money from Arkansas’s taxpayers, but they refused. Which tells you that’s exactly what President Biden plans to do." Sen. Tom Cotton
They certainly grabbed the reins of Signature Bank well before they should have based on the financials I was looking at. Felt more like they were sending a message to Crypto than anything else.
All I know is if Jerome stays true to his word and keeps jacking rates north, we are all f*cked......the market is going to collapse and the repercussions will be much worse than anyone thinks.
Also worth mentioning that Signature bank had interest from several too big to fail banks in the form of an acquisition but instead, the govt is going to give them their clients for free.
Possibly valid (I honestly don't know) but there are a couple of factors here: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
1) Sounds like SVB followed bad business practices and paid the price. Perhaps a good portion of the blame is on them for doing something stupid.
2) Biden has had 2+ years to put those regulations back into place.
Not absolving Trump at all (I can't stand the guy), but if I hire someone to run a business, and 2 years later he comes back and blames a failing on something his predecessor did, I'm gonna want to know why he didn't undo it. Maybe he has a legit reason, maybe not. But I'm gonna need to hear the reason.
I dont disagree with this, but Biden can't just put regulation back. He has to go through congress.
And none of this matters, because the GOP has identified the real culprit behind the demise of these banks: leadership that was too focused on diversity and woke issues and not paying enough attention to running the bank. Yes, they are really saying that. Woke is the cause of everything!
More white guys on the board would have solved everything! 😅
You mean like regulating gas stoves and washing machines??? Congress is doing that?
The republican controlled congress is regulating gas stoves and washing machines?
There really isn't anything to spin......all facts
Some people might appreciate knowing that their children are being exposed to methane gas and other chemicals, even when the stove is turned off. If you aren't, fine, keep your gas stove - no one's going to take it from you 😂
Again, regulation wouldn't have solved it so I don't know why you keep coming back to it other than to blame a guy that isn't president anymore. Biden has had more than 2 years to fix what was broken so this is all his problem now.
Also, SVB were given a healthy grade post audit by KPMG 14 days ago.
SVB’s Demise Isn’t a Regulatory Failure
Banks are supposed to take risks. Sometimes it doesn’t go well.
www.bloomberg.com
Don't worry, Stacey Abrams is on the case .....
Her fat a$$ definitely needs to get rid of the stove in her house, that much is clear
Stacey Abrams gets a new job after election loss, joins environmental group trying to eliminate gas stoves
Stacey Abrams has announced she will be joining an environmental advocacy dark money group behind the push to regulate and ban natural gas-powered stoves.
Or maybe if they had board members with any f*cking actual applicable experience, they might have avoided disaster
Former Dems including Clinton donor, Obama official dominated SVB’s board of directors
The board of Silicon Valley Bank, which imploded over the weekend, was stacked with former Clinton donors, Obama appointees and Democratic activists.
Do you have any sources besides the one being sued for billions of dollars due to their intentional lies?Or maybe if they had board members with any f*cking actual applicable experience, they might have avoided disaster
Former Dems including Clinton donor, Obama official dominated SVB’s board of directors
The board of Silicon Valley Bank, which imploded over the weekend, was stacked with former Clinton donors, Obama appointees and Democratic activists.www.foxnews.com
Say it aint so China Joe.
justthenews.com
The root cause of the "underlying instability across our economy," said Rep. Bryan Steil, is "roaring inflation, and who's the culprit of roaring inflation? It was one-party, Democratic control that spent like drunken sailors."
Critics blame Biden spending spree for banking collapses as White House shirks responsibility
The root cause of the "underlying instability across our economy," said Rep. Bryan Steil, is "roaring inflation, and who's the culprit of roaring inflation? It was one-party, Democratic control that spent like drunken sailors."
justthenews.com
The root cause of the "underlying instability across our economy," said Rep. Bryan Steil, is "roaring inflation, and who's the culprit of roaring inflation? It was one-party, Democratic control that spent like drunken sailors."
They need to be able to turn all your shit off when they want to. All electric appliances, electric cars... kill switches.
Say it aint so China Joe.
Critics blame Biden spending spree for banking collapses as White House shirks responsibility
The root cause of the "underlying instability across our economy," said Rep. Bryan Steil, is "roaring inflation, and who's the culprit of roaring inflation? It was one-party, Democratic control that spent like drunken sailors."
The root cause of the "underlying instability across our economy," said Rep. Bryan Steil, is "roaring inflation, and who's the culprit of roaring inflation? It was one-party, Democratic control that spent like drunken sailors."
Yes they did spend like drunken sailors. But guess what, so did Republicans before them and so did Trump. We had a vibrant successful economy and we were still running massive deficits and spending like crazy. This is a problem everyone has and not just Democrats. It's so dishonest to even say that.
People have to decide. Are they for making things better or are they only about helping their side "win." And that should come with the understanding that the process of "winning" will leave a hollowed out husk of a country that isn't worth saving. I'm fat and need to lose weight. This GOP rep saying Dems caused inflation by spending is like me telling someone how to lose weight and be thin. I might know the answers but clearly I am not doing it! Not a lot of credibility there.
Do you honestly believe this? If so, you may just believe anything you're told by people who only want power over you. Why is it so OK with you that you grant power to people who do not have your best interests at heart?
Even Barney Frank essentially acknowledges his fully implemented bill would not have stopped this crisis. Do you understand what's happening here? Banks are getting killed by being overinvested in bonds. That's the baseline level of risk in terms of investment. It's just that they didn't foresee how badly the policy of our government would be in terms of spending and somehow they missed the inflationary wave that hit our nation as a result of all the spending from COVID. How they missed that is beyond me. But one thing is for sure, this isn't going to be helped by more regulation. And any regulation that was repealed had NOTHING to do with this crisis. Again, we're talking bonds...
Barney Frank blames crypto panic for his bank's collapse. Elizabeth Warren blames Trump.
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.
www.politico.com
Did Biden not have a dem Congress for 2 years though, that could have done this?
Look - I get that President is a big game of whack-a-mole and often they don't see issues like this until something bad hits. But while Trump may bear blame for rolling back the regulations (I don't know what he did or didn't do honestly) Biden must bear some for not putting them back. I get WHY it wasn't done, but it doesn't change that it should have been.
As for the woke part, there is a saying 'get woke, go broke!'. But it isn't usually used for banks.
So she has an actual job now?Don't worry, Stacey Abrams is on the case .....
Her fat a$$ definitely needs to get rid of the stove in her house, that much is clear
Stacey Abrams gets a new job after election loss, joins environmental group trying to eliminate gas stoves
Stacey Abrams has announced she will be joining an environmental advocacy dark money group behind the push to regulate and ban natural gas-powered stoves.
"Who cares what Elisabeth Warren thinks?" - most of America.
I'm seriously not impressed with her in the least.
You might not have noticed but she's made her name off of going after big banks so she is an authority on the subject. I get it that she's goofy but she's someone that does have a wealth of knowledge on the subject, but more than anything I just thought the quote about letting students do their own testing was funny if not poignant.
Or maybe if they had board members with any f*cking actual applicable experience, they might have avoided disaster
Former Dems including Clinton donor, Obama official dominated SVB’s board of directors
The board of Silicon Valley Bank, which imploded over the weekend, was stacked with former Clinton donors, Obama appointees and Democratic activists.
Former Goldman Sachs CEO: Notion that SVB failed because of diversity is 'laughable'
Credit Suisse on Wednesday said it would borrow 50 billion Swiss Francs ($53.7 billion) from the Swiss National Bank. Follow live updates on global markets.
Similar threads
