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I wonder if this will make Fed Chairman Powell reconsider his 50 basis point hike on March 21.
I wonder if this will make Fed Chairman Powell reconsider his 50 basis point hike on March 21.
Because the collapse of SVB was caused by rising interest rates.Because a bank was making bad loans? He shouldn't do the right thing because a bank was irresponsible?
Because the collapse of SVB was caused by rising interest rates.
Nope. Caused by the Fed's ZIRP. QE4ever.Caused by Joseph R. Biden.
Nope. Caused by the Fed's ZIRP. QE4ever.
And the $8 trillion of debt by Obama and $4 trillion of debt by Trump.
You are doing a great job of exposing your total ignorance.If only we had a Ukrainian size hole to dump all that capital straight down.
Blue and yellow forever, bitch.
You are doing a great job of exposing your total ignorance.
Because the collapse of SVB was caused by rising interest rates.
SVB collapse is a blight on US regulatorsSVB's failure has nothing to do with wokeness.
It has to do with massive investments in sovereign and corporate bonds that are now all underwater.
A stress test should have revealed this.
If depositors have 'access' to all their money, it's being guaranteed by the feds. Nothing is free, and all the money the government has access to is ours. Even if other institutions aid in this endeavor, it won't be out of altruism.That is not what the FDIC is doing. They are covering all depositor losses up to $250,000.
After selling off SVB's assets, anything that is left over will be used to cover whatever liabilities the FDIC feels should go to the depositors.
The taxpayer is not going to bear any costs.
The deposit insurance fund is only $128 billion. So how are they going to cover the $200+ billion for this one bank? That money is meant for the insurance of all American’s bank accounts under $250k.Wall Street â not taxpayers â will pay for the SVB and Signature deposit relief plans
The funds to reimburse depositors will be paid out of the Deposit Insurance Fund, which is made up of quarterly fees assessed on financial institutions.www.cnbc.com
maybe they can borrow money from Ukraine...I hear they are loaded now...thanks Joe you worthless old piece of shitThe deposit insurance fund is only $128 billion. So how are they going to cover the $200+ billion for this one bank? That money is meant for the insurance of all American’s bank accounts under $250k.
Biden needed Manchin and Sinema to vote in favor of re-instating those regulations.....which of course, they weren't going to doWhy "going forward"? Why not now?
I am a little peeved at the excuse of removing the regulations as the only reason. Make no mistake, the regulations should have never been removed. Make no mistake also, Biden could have worked to put them back but did not also.
There are still bank regulators that appear to have been sleeping on all of this.
Haven't you heard?SVB's failure has nothing to do with wokeness.
It has to do with massive investments in sovereign and corporate bonds that are now all underwater.
A stress test should have revealed this.
Stop peddling horseshit.