Biden Claims His ‘Quick Action’ Saved Banking Industry, Blames Trump For Banks Collapsing

[Catsnmeters]

These banks are failing because they placed equity over banking...
Go woke and Go broke.... I don't do any business with woke companies for this very reason....

Thanks for repeating what you were told to say.

Good job, soldier.

 

[Frankenstein]

Biden Claims His ‘Quick Action’ Saved Banking Industry, Blames Trump For Banks Collapsing​

Uh-huh...he also said he graduated at the top of his law class...with honors...and 3 degrees.

View attachment 765648

From a black university

 

[Rambunctious]

Thanks for repeating what you were told to say.

Good job, soldier.

Its the truth... and I'm not a soldier I'm a Marine.... get it straight...

 

[Catsnmeters]

Its the truth... and I'm not a soldier I'm a Marine.... get it straight...

It's the truth as you have been told to believe, sheep.

 

[Couchpotato]

That is a pretty good summation of what I had looked into.

Why would trumpers claim it is esg and who is telling them this?

The same reason the people on the other side claim what they are claiming. They think they can "win points" and the majority of people wont do a simple google search and read an article explaining how the bank actually failed. Look at this thread. There are a lot of people pointing fingers and few who did a modicum of reading into what they are discussing.

 

[Rambunctious]

It's the truth as you have been told to believe, sheep.

Where do you get your news from?...

 

[Couchpotato]

They did it because the deregulation ALLOWED them to do it, silly one!

Did what? What did they do that this deregulation allowed? Be specific. Right not you're just screaming TRUUUMP and think that's explanation enough.

 

[Couchpotato]

Where do you get your news from?...

Unless investing in US Treasuries and mortgage-based securities is a symptom of wokeness then I think you might be wrong.

 

[Catsnmeters]

Where do you get your news from?...

Multiple sites.

 

[Rambunctious]

Unless investing in US Treasuries and mortgage-based securities is a symptom of wokeness then I think you might be wrong.

That's not all they did.... a lot of banks purchased Bonds you don't see them failing....

GOP House Oversight chairman James Comer criticizes Silicon Valley Bank as 'one of the most woke banks'

"We see now coming out they were one of the most woke banks in their quest for the ESG-type policy and investing," Comer said on Sunday.

www.businessinsider.com

 

[Catsnmeters]

That's not all they did.... a lot of banks purchased Bonds you don't see them failing....

GOP House Oversight chairman James Comer criticizes Silicon Valley Bank as 'one of the most woke banks'

"We see now coming out they were one of the most woke banks in their quest for the ESG-type policy and investing," Comer said on Sunday.

www.businessinsider.com

A lot of banks have ESG. You don't see them failing. Derp derp.

 

[Rambunctious]

A lot of banks have ESG. You don't see them failing. Derp derp.

Not yet.... stay tuned....

 

[Catsnmeters]

That's not all they did.... a lot of banks purchased Bonds you don't see them failing....

GOP House Oversight chairman James Comer criticizes Silicon Valley Bank as 'one of the most woke banks'

"We see now coming out they were one of the most woke banks in their quest for the ESG-type policy and investing," Comer said on Sunday.

www.businessinsider.com

Not yet...stay tuned...

 

[Couchpotato]

That's not all they did.... a lot of banks purchased Bonds you don't see them failing....

GOP House Oversight chairman James Comer criticizes Silicon Valley Bank as 'one of the most woke banks'

"We see now coming out they were one of the most woke banks in their quest for the ESG-type policy and investing," Comer said on Sunday.

www.businessinsider.com

It was the percentage of their portfolio dedicated to bonds and MBS that caused the problem, confounded with the tech sector's inherent volatility lead to the run on this particular bank.

 

[Rambunctious]

 

[0311]

Bank Failures Under The Traitor Compared To Joe Biden.

Bank failures under Donald Trump compared to Joe Biden

Some 16 banks failed during Trump's four-year presidency, but none was as big as Silicon Valley Bank, which closed on Friday.

www.newsweek.com

The eight banks that failed in 2017 were: the Washington Federal Bank for Savings, Chicago, Illinois; The Farmers and Merchants State Bank of Argonia, Argonia, Kansas; Fayette County Bank, Saint Elmo, Illinois; Guaranty Bank, Milwaukee, Wisconsin; First NBC Bank, New Orleans, Louisiana; Proficio Bank, Cottonwood Heights, Utah; Seaway Bank and Trust Company, Chicago, Illinois; and Harvest Community Bank, Pennsville, New Jersey.

In 2019, the four banks that collapsed were: City National Bank of New Jersey, Newark, New Jersey; Resolute Bank, Maumee, Ohio; Louisa Community Bank, Louisa, Kentucky; and the Enloe State Bank, Cooper, Texas.

The quartet of banks that failed in 2020 were: Almena State Bank, Almena, Kansas; First City Bank of Florida, Fort Walton Beach, Florida; The First State Bank, Barboursville, West Virginia; and Ericson State Bank, Ericson, Nebraska.

How many banks failed under Biden - Two (02)

How many banks failed under the Traitor - Fifteen (15).

Is It True That Fifteen Banks Failed Under Trump.

Is It True That 15 Banks Failed During Trump's Presidency?

A string of bank failures in March 2023 prompted partisan "whataboutism" on social media.

www.snopes.com

The Traitor rolled back banking regs, which led to failure of SVC and Signature Bank. Shut the fuck u

Edit made after post. Fifteen under the Traitor and Two under Biden. I do not really Signature as a bank because the Crypto, which is not real money. But still, no outrage from the resident MAGA MAGGOTS over the number of bank failures under the Traitor. But two under Biden and the sky is falling.

 

[Catsnmeters]

Ahhh, you found a video...from a Hollywood type even.

How cute. I guess I now know where you get your news.

Have you watched Tom cruise's opinion on this too? ROFL.

 

[Care4all]

So, it sounds like they miscalculated on what a large bank should be? Who were the economists that made the recommendation?

I think so hadit. It seems it was just a loop hole for big banks.... They didn't raise the below $50 billion by 100% and make it 100% higher at $100 billion, they raised it 500%!!!! That's intentionally helping big ass banks be deregulated imo.

I would also love to see who in the heck put that, in this bill and whether it was even known by most of even debated on the floor!!!

 

[hadit]

I think so hadit. It seems it was just a loop hole for big banks.... They didn't raise the below $50 billion by 100% and make it 100% higher at $100 billion, they raised it 500%!!!! That's intentionally helping big ass banks be deregulated imo.

I would also love to see who in the heck put that, in this bill and whether it was even known by most of even debated on the floor!!!

You have hit on a very key point, and that is that the people voting on legislation don't read or write it themselves. They debate it in conference build a high-level wish list of what they want it to look like, have staff members write the legalese, then take it to the floor where everyone famously has to pass it to see what's in it.

 

[Couchpotato]

I think so hadit. It seems it was just a loop hole for big banks.... They didn't raise the below $50 billion by 100% and make it 100% higher at $100 billion, they raised it 500%!!!! That's intentionally helping big ass banks be deregulated imo.

I would also love to see who in the heck put that, in this bill and whether it was even known by most of even debated on the floor!!!

You have hit on a very key point, and that is that the people voting on legislation don't read or write it themselves. They debate it in conference build a high-level wish list of what they want it to look like, have staff members write the legalese, then take it to the floor where everyone famously has to pass it to see what's in it.

Did either one of you bother to read anything from a source not trying to score political points that explained why SVB failed?