Here We Go Again. Wall St. Billionaires Demanding Bailouts Of Big Banks

[occupied]

The homeowners didn't force the banks to make bad loans.

The homeowners didn't force Fannie and Freddie to buy bad loans.

The system was designed top to bottom to serve the big investors and they got greedy. China's new investor class was pulling up with dump trucks full of money begging to invest in the up until then solid American mortgage market. Problem was there were not enough good mortgages to go around so they steadily eased financial requirements. The biggest recipient of this was not regular homeowners but the house flippers with their expensive five year mortgages. As a group these sharks walked away as soon as they went underwater.

 

[BS Filter]

Outrageous regulations are the cause, forcing banks to loan money to people who have no problem never paying for the loan or paying off their mortgage.

 

[Ame®icano]

The fact that Silicon Valley Bank (SVB) has been seized by federal regulators is a big deal and will have a huge impact on Silicon Valley’s startup scene. They are the financial institution for every new tech company in Northern California.

Something is really rotten at SVB. The bank has $209 billion in assets and $175.4 billion in deposits, yet it collapsed because it failed to raise a mere $1.75 billion in new financing. The consequences should ripple across a significant segment of the economy, particularly in the San Francisco-San Jose region.

But whatever, shit happens, right? Economic sectors are disrupted all the time, and this one, at least, should hit a more affluent crowd. We’re not talking the destruction of manufacturing in small towns all across America, and Silicon Valley is resilient enough to bounce back. It always does.

Except this isn’t small-town America. This is some of the wealthiest, most powerful interests in our country. And if there’s one thing wealthy financial interests love more than anything else, it’s privatizing profits but socializing the risks. So like clockwork …

Here we go again: Wall Street billionaires demanding public bailouts of failed banks

UPDATE: Friday, Mar 10, 2023 · 8:19:42 PM +00:00 · kos Just watch, all the usual suspects will make the same f’n arguments: They can f’ themselves. I am so livid, I am still throwing shit around my house. Sorry if you come into my house and see the...

www.dailykos.com

No. Hell no. Fuck no. Eat shit and fucking die no.

Let's see... big tech lefties created an environment where the retarded will feel the consequences of their actions instead of being propped up to go and be a retarded ass goombler again.

Now imagine if everything were deregulated enough to where Jewish overlords that managed to make 200 billion dollars disappear were to be nailed to a cross and burned.

 

[Ame®icano]

They bailed out the banks, some for 100% of their loses

They loaned money to banks. The US Treasury made tens of billions.

and let millions of homeowners go under.

The government spent tens of billions to help refi mortgages.
Never got repaid a penny.

Whom did they saved by refinancing mortgages?

 

[Ame®icano]

The homeowners didn't force the banks to make bad loans.

The homeowners didn't force Fannie and Freddie to buy bad loans.

Correct.

Now, tell us who offered and guaranteed all those bad loans?

 

[Ame®icano]

Outrageous regulations are the cause, forcing banks to loan money to people who have no problem never paying for the loan or paying off their mortgage.

It started with Robert Reich and Clinton.

 

[Toddsterpatriot]

Whom did they saved by refinancing mortgages?

A few homeowners.

 

[Toddsterpatriot]

Correct.

Now, tell us who offered and guaranteed all those bad loans?

The ones bought by Fannie and Freddie were guaranteed by Fannie and Freddie.

 

[Ame®icano]

A few homeowners.

I would say few too many.

The saved banks and claimed victory, thinking they did good job. In reality they just created the crisis that continues to today...

 

[the other mike]

With recent news about Saudi Arabia partnering with Iran and China partnering with Russia it could be that the US dollar is about to take a dive.

Thank you democrats for stealing the election and installing an Administration that is literally asleep at the wheel...

 

[BasicHumanUnit]

Why do I get the feeling Left leaning banks will get all the bail-outs they want.
Banks that refused to create lists of 2A oriented customers for the Feds and liberal special interest groups will not.

 

[Toddsterpatriot]

I would say few too many.

The saved banks and claimed victory, thinking they did good job. In reality they just created the crisis that continues to today...

What crisis?

 

[BasicHumanUnit]

Raise your hand if you think we've seen the last of Bank failures for a while......
Raise a finger if you think more banks are gonna fail.

 

[Ame®icano]

What crisis?

Does endless QE and spending ring a bell?

 

[Ame®icano]

Why do I get the feeling Left leaning banks will get all the bail-outs they want.
Banks that refused to create lists of 2A oriented customers for the Feds and liberal special interest groups will not.

SVB is just the beginning.

​

 

[Toddsterpatriot]

Does endless QE and spending ring a bell?

That wouldn't be happening if more banks/more home-owners failed?

 

[DudleySmith]

They bailed out the banks, some for 100% of their loses, and let millions of homeowners go under.

Over half the home sales in the D-FW metroplex are going to corporations, not individuals,ans now the prices have fallen and so has the value of the 'equity', same as every other bank bust. They used the 'easy money' policies and zero interests to buy more than they can afford, same as in all the previous busts. Happens every single time these crooks get 'deregulated', as if deregulation means they don't have to follow sound business practices any more. So much for all the 'capitalist business experts' the right wing constantly snivels and cries for 'tax cuts' for, then follow up by screaming for yet more govt. welfare to keep them in business.

 

[DudleySmith]

SVB is just the beginning.

​

Let's hope so. A lot of water needs to be squeezed out. Stock prices are obscenely inflated.

 

[DudleySmith]

Probably because these homeowners weren't qualified for a mortgage in the first place. Hellooo subprime debacle created by your fag friend Bawney Fwank.

Nobody forced corporations like Countrywide to make fraudulent loan applications either. REpublicans like Phil Gramm and Dick Armey had a lot more to do with the swindling than Frank did.

 

[jackflash]

The fact that Silicon Valley Bank (SVB) has been seized by federal regulators is a big deal and will have a huge impact on Silicon Valley’s startup scene. They are the financial institution for every new tech company in Northern California.

Something is really rotten at SVB. The bank has $209 billion in assets and $175.4 billion in deposits, yet it collapsed because it failed to raise a mere $1.75 billion in new financing. The consequences should ripple across a significant segment of the economy, particularly in the San Francisco-San Jose region.

But whatever, shit happens, right? Economic sectors are disrupted all the time, and this one, at least, should hit a more affluent crowd. We’re not talking the destruction of manufacturing in small towns all across America, and Silicon Valley is resilient enough to bounce back. It always does.

Except this isn’t small-town America. This is some of the wealthiest, most powerful interests in our country. And if there’s one thing wealthy financial interests love more than anything else, it’s privatizing profits but socializing the risks. So like clockwork …

Here we go again: Wall Street billionaires demanding public bailouts of failed banks

UPDATE: Friday, Mar 10, 2023 · 8:19:42 PM +00:00 · kos Just watch, all the usual suspects will make the same f’n arguments: They can f’ themselves. I am so livid, I am still throwing shit around my house. Sorry if you come into my house and see the...

www.dailykos.com

No. Hell no. Fuck no. Eat shit and fucking die no.

I hear the ghostly voice of distressed X-POTUS GWB... TOO BIG TO FAIL TOO BIG TO FAIL WE GOTTA SAVE 'EM BOYS OR WE ALL GO DOWN WITH 'EM. LIKE READ MY LIPS NO NEW TAXES LIKE WE WILL JUST DEBT SPEND OUR WAY OUTTA THIS ONE LIKE THEY'RE TOO BIG TOO FAIL...