The government and their useful idiot secretary of treasury Janet Yellen have just done an about face and are now telegraphing that they will be intervening yet again in “free” markets. The contagion lurking beneath the SVB collapse, which includes crypto banks like Circle, FTX, and Silvergate Capital, will turn out to be far worse than the 2008 crisis; to wit:
Plenty of times I've invested in uninsured assets such as stock of crummy companies that went bankrupt and I lost everything. Nobody ever offered to bail me out. Taking taxpayer money to bail out these people who had uninsured assets is nothing short of stealing from we the peons. I've never heard of such a thing. Why is there always two sets of rules? Actually, there is only one set of rules, but two different treatments. I always follow the rules, and I always get screwed. These people don't follow them, and they get bailed out anyway. So why have any rules at all? Sickening!
Let me guess, they found out that most of the depositors are woke and are willing to let them get all of their money back even though FDIC only insures up to $250,000? If it were my bank I doubt they would bail out my pathetic $2500.00, lol.
"regional banking organizations as those with total assets between $10 billion and $100 billion. "
I wanted to be helpful and give y'all a link to a handy list of REGIONAL banks by state so you will know wear to run not walk tomorrow daylight saving time morning. Such a handy list is not to be easily found so far as I am able to determine.
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Really doesn't matter. Water Food and ammo is solution for us po folk.
Did you see that SVP had 338 open positions on their cater site at time of collapse. This is a way of effin with job numbers where corporations post evergreen jobs that they have no intention of filling to create a false perception of success. It’s all fake folks!
Totally agreed! This is what I said when FTX went tits up:
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I’ve been reading a lot about the FTX saga, and most places around the internet characterize it as a “crypto story”. And while that’s true in a general sense, FTX is only a crypto story in the way that “The Wolf of Wall Street” was about finance or “The Smartest Guys in the Room” was about running an electric company — these backdrops just set up the details of that particular fraud.
Maybe Zelensky can provide a bridge loan.
So....the taxpayers are going to bail out Oprah and Prince Harry....isn’t that nice of them.
Plenty of times I've invested in uninsured assets such as stock of crummy companies that went bankrupt and I lost everything. Nobody ever offered to bail me out. Taking taxpayer money to bail out these people who had uninsured assets is nothing short of stealing from we the peons. I've never heard of such a thing. Why is there always two sets of rules? Actually, there is only one set of rules, but two different treatments. I always follow the rules, and I always get screwed. These people don't follow them, and they get bailed out anyway. So why have any rules at all? Sickening!
The depositors at SVB are heavy donors to the democratic party and need to be placated.
All this craziness right before the Feb CPI print on this Tues.Coincidence?
Let me guess, they found out that most of the depositors are woke and are willing to let them get all of their money back even though FDIC only insures up to $250,000? If it were my bank I doubt they would bail out my pathetic $2500.00, lol.
Bix Weir RoadToRoota.com sent this message today.
"There are 18,400 Regional Banks that will likely CLOSE THEIR DOORS by the end of the month! "
Bix sent me this link, and I think it is supposed to have a list within this large document of the REGIONAL banks.
https://www.ibisworld.com/united-states/market-research-reports/regional-banks-industry/
Regional Banks Industry in the US - Market Research Report
Updated: February 28, 2023
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I notice this document defines "REGIONAL banks" (Federal Reserve System supervised banks ) lower parameter as 50 billion.
but what I read this morning at
https://www.federalreserve.gov/supervisionreg/community-and-regional-financial-institutions.htm
"regional banking organizations as those with total assets between $10 billion and $100 billion. "
I wanted to be helpful and give y'all a link to a handy list of REGIONAL banks by state so you will know wear to run not walk tomorrow daylight saving time morning. Such a handy list is not to be easily found so far as I am able to determine.
_________________
Really doesn't matter. Water Food and ammo is solution for us po folk.
Did you see that SVP had 338 open positions on their cater site at time of collapse. This is a way of effin with job numbers where corporations post evergreen jobs that they have no intention of filling to create a false perception of success. It’s all fake folks!
Executive Order No. 14067:
https://www.presidency.ucsb.edu/documents/executive-order-14067-ensuring-responsible-development-digital-assets
Totally agreed! This is what I said when FTX went tits up:
-----------------------
I’ve been reading a lot about the FTX saga, and most places around the internet characterize it as a “crypto story”. And while that’s true in a general sense, FTX is only a crypto story in the way that “The Wolf of Wall Street” was about finance or “The Smartest Guys in the Room” was about running an electric company — these backdrops just set up the details of that particular fraud.
Oh to dream, in another world, where the entire Central Banking structure were allowed to get shitcanned back in '08!!
A girl can dream!
Where is George Bailey when we need him?
So taxpayers with 60.00 in their bank account are going to bail out tribe members with millions in their account once again WTF
I think your suggested scenario is spot on. It's going to be a bumpy ride.
Here comes another one
https://www.zerohedge.com/markets/first-republic-shares-crash-60-regional-bank-crisis-confidence-spreads
COV Health crisis ➡️ Staffing crisis ➡️ Groceries & food shortage ➡️ Inflation emergency ➡️ Rental crisis ➡️ Climate crisis ➡️ Environmental crises ➡️ Wealth crisis
Keep people in a constant state of fear and panic and watch the great amygdala hijack.