The 2 biggest lies about the bank failures and guaranteeing deposits.

[Highmark]

1.  That the American people (taxpayer) won't pay for it the "banks" will. 

2. That this isn't a bailout. 

Fed govt increases fee's in order to cover those deposits and the banks pass them directly on to their customers.

Banks that are properly managed (and their customers) end up paying for the stupidity of people at svb and Signature banks.  

Now every bank in the country is saying oh well the govt will just bail us out.  Anything above and beyond the laws/regulations already on the books is a bailout.   The taxpayers are always on the hook for bailouts. 

 

Edited March 14, 2023 by Highmark

[Snake]

Democrat politicians know this... democrat voters, on the other hand....

[racer254]

3 minutes ago, Highmark said:

That the American people (taxpayer) won't pay for it the "banks" will. 

Fed govt increases fee's in order to cover those deposits and the banks pass them directly on to their customers.

Banks that are properly managed (and their customers) end up paying for the stupidity of people at svb and Signature banks.  

 

 

1 minute ago, Snake said:

Democrat politicians know this... democrat voters, on the other hand....

The Biden administration unveiled details this week of the final rules surrounding the federal bailout of hundreds of union pension plans passed as part of Democrats' $1.9 trillion American Rescue Plan Act coronavirus relief package last year, saying it will secure workers' benefits for decades to come.

[Highmark]

Ask yourself if these banks deposits would have been guaranteed if the banks were in Florida and Texas as opposed to California and New York.  

[Snake]

[Mainecat]

Regulations would have stopped this….you know the ones that Trump removed and all you inbred terrorists cheered.

Nice move Trump you fuckin LOOZER.

[Highmark]

1 minute ago, Mainecat said:

Regulations would have stopped this….you know the ones that Trump removed and all you inbred terrorists cheered.

Nice move Trump you fuckin LOOZER.

Mismanagement in the midst of rising interest rates was the biggest issue.   

[SkisNH]

4 hours ago, Mainecat said:

Regulations would have stopped this….you know the ones that Trump removed and all you inbred terrorists cheered.

Nice move Trump you fuckin LOOZER.

You have zero clue....platitudes aren't facts. 

[ViperGTS/Z1]

10 hours ago, Highmark said:

Ask yourself if these banks deposits would have been guaranteed if the banks were in Florida and Texas as opposed to California and New York.  

Of course not.....some of the biggest Dem donors have dealings with SVB..... Biden sure as hell wasn't going to piss them off. He bailed out a lot of "friends".

  And of course the taxpayer will be footing at least some of this bailout whether it is direct or indirect. Kinda like how no one making less than 400k would be taxed. Yet meteoric inflation on food and energy prices is effectively a tax on everyone.

[Anler]

10 hours ago, Mainecat said:

Regulations would have stopped this….you know the ones that Trump removed and all you inbred terrorists cheered.

Nice move Trump you fuckin LOOZER.

The ones Barney Frank lobbied his former dem colleagues to remove?

[Sleepr2]

Just now, Anler said:

The ones Barney Frank lobbied his former dem colleagues to remove?

Poor MCLiar. 

[akvanden]

11 hours ago, Highmark said:

 

1.  That the American people (taxpayer) won't pay for it the "banks" will. 

2. That this isn't a bailout. 

Fed govt increases fee's in order to cover those deposits and the banks pass them directly on to their customers.

Banks that are properly managed (and their customers) end up paying for the stupidity of people at svb and Signature banks.  

 

 

“The Treasury Department and FDIC are using money is FDIC’s deposit insurance fund (DIF), which is funded by bank fees and investment earnings, to replace lost deposits at the failed banks. A Treasury official expressed confidence last night that the fund will cover all of the lost deposits at both banks.

“It is pre-funded. It currently has over $100 billion in it,” a Treasury official said on a call with reporters Sunday night. “That is sufficient. It is fully sufficient.””

 

11 hours ago, Highmark said:

Now every bank in the country is saying oh well the govt will just bail us out.  Anything above and beyond the laws/regulations already on the books is a bailout.   The taxpayers are always on the hook for bailouts.

It’s not in the banks interest to have this happen. The majority of leadership has equity stake in the banks that goes to zero when they crash. As much as I’m sure it makes them feel warm and cozy at night that their depositors are safe, losing out in millions of equity may be of more importance to them. Oh, and all the legal trouble they’ll now face.

[Ez ryder]

13 hours ago, Highmark said:

1.  That the American people (taxpayer) won't pay for it the "banks" will. 

2. That this isn't a bailout. 

Fed govt increases fee's in order to cover those deposits and the banks pass them directly on to their customers.

Banks that are properly managed (and their customers) end up paying for the stupidity of people at svb and Signature banks.  

Now every bank in the country is saying oh well the govt will just bail us out.  Anything above and beyond the laws/regulations already on the books is a bailout.   The taxpayers are always on the hook for bailouts. 

 

Well it is sort of true we are so far in debt no one alive will be paying any principal on this or any pile of printed money in our life 

[Ez ryder]

13 hours ago, Mainecat said:

Regulations would have stopped this….you know the ones that Trump removed and all you inbred terrorists cheered.

Nice move Trump you fuckin LOOZER.

The regulators that had not been on duty in the bank for over 5mo from when the last one left ? That person the one that it was the govenments responsibility to fill the position ? 

Don't be a fool 

The shit you are talking about that Donald signed was not his bill it was both party's who worked on it with Faggot frank working as the lobby pushing it . But yeah we know Trump Trump Trump. 

Just fucking dull do yoir own fucking investigation for about 39 seconds before making a fool of your self over and over 

[Highmark]

Even Barney Frank come out and said his bill would not have prevented this.    

[Highmark]

12 hours ago, akvanden said:

“The Treasury Department and FDIC are using money is FDIC’s deposit insurance fund (DIF), which is funded by bank fees and investment earnings, to replace lost deposits at the failed banks. A Treasury official expressed confidence last night that the fund will cover all of the lost deposits at both banks.

“It is pre-funded. It currently has over $100 billion in it,” a Treasury official said on a call with reporters Sunday night. “That is sufficient. It is fully sufficient.””

 

It’s not in the banks interest to have this happen. The majority of leadership has equity stake in the banks that goes to zero when they crash. As much as I’m sure it makes them feel warm and cozy at night that their depositors are safe, losing out in millions of equity may be of more importance to them. Oh, and all the legal trouble they’ll now face.

You're dismissing human greed and the pressure to deliver for the stockholders.  Most leadership had some equity stake in previous institutions that failed because of it.  No need to look any further than 2008 financial crisis.  

Edited March 15, 2023 by Highmark

[DriftBusta]

23 hours ago, Mainecat said:

Regulations would have stopped this….you know the ones that Trump removed and all you inbred terrorists cheered.

Nice move Trump you fuckin LOOZER.

You are literally insane.  One disaster under another on this inept clowns watch, and you're still blaming Trump.  The economy went to shit literally right after he was sworn in 2 years ago.  Own it for a change.

[DriftBusta]

12 hours ago, akvanden said:

“The Treasury Department and FDIC are using money is FDIC’s deposit insurance fund (DIF), which is funded by bank fees and investment earnings, to replace lost deposits at the failed banks. A Treasury official expressed confidence last night that the fund will cover all of the lost deposits at both banks.

“It is pre-funded. It currently has over $100 billion in it,” a Treasury official said on a call with reporters Sunday night. “That is sufficient. It is fully sufficient.””

 

It’s not in the banks interest to have this happen. The majority of leadership has equity stake in the banks that goes to zero when they crash. As much as I’m sure it makes them feel warm and cozy at night that their depositors are safe, losing out in millions of equity may be of more importance to them. Oh, and all the legal trouble they’ll now face.

Yeah no big deal, squander 100 billion and the FDIC will save your ass.  What happened to the 250,000 limit?

[ArcticCrusher]

6 minutes ago, DriftBusta said:

Yeah no big deal, squander 100 billion and the FDIC will save your ass.  What happened to the 250,000 limit?

Want to know?

 

 

[Snake]

Blaming deregulation is how the left perpetuates the myth that more government is always the answer, and how it disguises the fact that too much government is often the cause of such disasters.

[Snake]

“What the authorities did over the weekend was absolutely profound. They guaranteed the deposits, all of them, at Silicon Valley Bank. What that really means — and they won’t say it, and I’ll come back to that — what that really means is that they have guaranteed the entire deposit base of the U.S. financial system. The entire deposit base.”

https://dailycaller.com/2023/03/14/roger-altman-nationalization-silicon-valley-bank/

[Anler]

On 3/14/2023 at 8:12 AM, Snake said:

Democrat  All politicians know this... democrat voters, on the other hand....

Yep

[Anler]

Govt is doing whatever their donors pay them to do at our expense. There are no ethics. period. 

[racer254]

7 minutes ago, Anler said:

Govt is doing whatever their donors pay them to do at our expense. There are no ethics. period. 

Yep, ethics be damned.  Pretty sad.

[Snake]

13 hours ago, akvanden said:

“The Treasury Department and FDIC are using money is FDIC’s deposit insurance fund (DIF), which is funded by bank fees and investment earnings, to replace lost deposits at the failed banks. A Treasury official expressed confidence last night that the fund will cover all of the lost deposits at both banks.

“It is pre-funded. It currently has over $100 billion in it,” a Treasury official said on a call with reporters Sunday night. “That is sufficient. It is fully sufficient.””

 

It’s not in the banks interest to have this happen. The majority of leadership has equity stake in the banks that goes to zero when they crash. As much as I’m sure it makes them feel warm and cozy at night that their depositors are safe, losing out in millions of equity may be of more importance to them. Oh, and all the legal trouble they’ll now face.

IMAGINE BIDEN STANDING NEXT TO AN ELEPHANT: He’s pointing at it and insisting “that is NOT an elephant.” Would you believe him? Joseph Simonson and Thaleigha Rampersad of the Washington Free Beacon report that almost nobody is believing Biden when he claims ‘that is NOT a bailout” regarding SVB and Signature Bank.

Not even The Washington Post, New York Times, Vox or NPR are buying Biden’s insistence that he’s not using federal tax dollars to bailout two huge banks that just happen to number among their investors, board members and depositors hordes of Democratic donors. You ain’t flyin’ when Post/Times/Vox/NPR ain’t buy-in’ is the bottom line here.

https://instapundit.com/574511/#disqus_thread