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-   -   the i dont care about politics anymore thread (/forums/showthread.php?t=379410)

Elizondo 03-11-2023 08:04 PM

Bug Eating Groomers tryin to blame Maga King again for their failures

Laughably pathetic

Patriam1066 03-11-2023 08:09 PM

Quote:

Originally Posted by Trexller (Post 3587523)
I remember being a kid in line at the bank with dad, reading the FDIC sign and thinking to myself, 250k? Thats like nothing, wtf do they actually do? It's such a joke, invest your money or keep it under your mattress

https://i.imgur.com/ytNpE5i.jpeg

In theory, this means those banks have more liquidity and should be less likely to collapse. But yes, especially in the era of social media, bank runs could be induced by panic or a foreign actor

And again, I don’t understand finance. If you were greedy or irresponsible I’d just give you the death penalty and let the next banker know they’d face the same

Trexller 03-11-2023 08:11 PM

Quote:

Originally Posted by Patriam1066 (Post 3587554)
If you were greedy or irresponsible I’d just give you the death penalty and let the next banker know they’d face the same

Kaveh for Emperor of Earth

this guy understands benevolent fascism, flip over those tables and fuck up those usurers.

Jesus knew what's up.

aussenseiter 03-11-2023 08:22 PM

Quote:

Originally Posted by Trexller (Post 3587539)
So, treasury bonds it is then?

I read on the bird website they were investing in T-bills for cashflow while paying a much higher (yield?) rate to their depositor accunts.

Whatever that means.

Patriam1066 03-11-2023 08:27 PM

They did half of their balance sheet or some stupid BS like that in treasuries when yields were low and prices were high

Yields went high, prices went down, they had unrealized losses and weren’t as liquid as they should’ve been. They tried to sell some stock, induced a panic and here we are

Stupidity and greed through and through

Basanos 03-11-2023 08:29 PM

Quote:

Originally Posted by Patriam1066 (Post 3587554)
And again, I don’t understand finance. If you were greedy or irresponsible I’d just give you the death penalty and let the next banker know they’d face the same

I don't think we should stop with bankers

Patriam1066 03-11-2023 08:29 PM

Don’t bail these guys out. We’re not going to help East Palestine, Ohio. We shouldn’t help a bank or some dickheads in Silicon Valley

Patriam1066 03-11-2023 08:31 PM

Quote:

Originally Posted by Basanos (Post 3587563)
I don't think we should stop with bankers

This seems to mostly be a bankers and airline executive problem. I don’t think the entirety of the economic system is this irresponsible simply to maximize profits

aussenseiter 03-11-2023 08:35 PM

Quote:

Originally Posted by Patriam1066 (Post 3587564)
Don’t bail these guys out. We’re not going to help East Palestine, Ohio. We shouldn’t help a bank or some dickheads in Silicon Valley

The Holy Market has poured out her wrath upon the techbros.

Who are we to question it?

Patriam1066 03-11-2023 08:38 PM

Amen brother, and SVB lobbied to have Dodd-Frank regulations raised to portfolios > $250 billion
Fuck em, greed on display


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