The economy comes crashing down

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  • Phil B.
    Field Supervisor

    10,000+ Posts
    • Jul 2016
    • 22798

    #256
    Re: The economy comes crashing down

    Risk Assessment Chief at Major Failed Bank Organized LGBT 'Pride' Events and 'Safe Spaces' Before Everything Collapsed: Report

    Sent from my SM-G990U using Tapatalk

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    • slimslob
      Retired

      Site Contributor
      25,000+ Posts
      • May 2013
      • 36905

      #257
      Re: The economy comes crashing down

      As losses mounted, Silicon Valley Bank doubled down on woke investments and left-wing rhetoric | Just The News

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      • bsm2
        IT Manager

        25,000+ Posts
        • Feb 2008
        • 29480

        #258
        Re: The economy comes crashing down

        Correct another Trump Administration botched Failure

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        • bsm2
          IT Manager

          25,000+ Posts
          • Feb 2008
          • 29480

          #259
          Re: The economy comes crashing down

          Washington(CNN)After Silicon Valley Bank collapsed late last week following a run on the bank, Sen. Bernie Sanders of Vermont argued that the culprit was clear: an "absurd" 2018 law, signed by then-President Donald Trump, that rolled back regulations on banks of SVB's size.

          President Joe Biden wasn't as direct as Sanders in blaming the 2018 rollback for SVB's implosion, but he, too, criticized the Trump law in his Monday comments on the banking system. Trump, meanwhile, rejected any role in the SVB mess and his spokesperson has accused Democrats of trying to deceive the public to evade their own responsibility.

          Here's a look at how the 2018 rollback affected banks like SVB, who supported that law in Congress, and what some analysts have to say about the extent to which the law might have contributed to the SVB situation.

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          • BillyCarpenter
            Field Supervisor

            Site Contributor
            VIP Subscriber
            10,000+ Posts
            • Aug 2020
            • 16308

            #260
            Re: The economy comes crashing down

            Biden has been asleep at the wheel since day one when he got 13 Marines killed. Today we found out that Joe got millions from China wired to his bank account.
            Adversity temporarily visits a strong man but stays with the weak for a lifetime.

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            • slimslob
              Retired

              Site Contributor
              25,000+ Posts
              • May 2013
              • 36905

              #261
              Re: The economy comes crashing down

              Here’s Who Is Paying to Restore Silicon Valley, Signature Bank Deposits - Truth Press

              Translation, they are going to use the premiums paid into the Deposit Insurance Fund by other smaller banks. You know, the banks the rest of us have our money so that when they have trouble, which ultimately they will, the money will not be there to cover them.

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              • bsm2
                IT Manager

                25,000+ Posts
                • Feb 2008
                • 29480

                #262
                Re: The economy comes crashing down

                Originally posted by slimslob

                Translation, they are going to use the premiums paid into the Deposit Insurance Fund by other smaller banks. You know, the banks the rest of us have our money so that when they have trouble, which ultimately they will, the money will not be there to cover them.
                Run Hide it's the end of the world

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                • bsm2
                  IT Manager

                  25,000+ Posts
                  • Feb 2008
                  • 29480

                  #263
                  Re: The economy comes crashing down


                  'Preposterous': Chris Hayes rips GOP for blaming SVB collapse on 'wokeness'

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                  • bsm2
                    IT Manager

                    25,000+ Posts
                    • Feb 2008
                    • 29480

                    #264
                    Re: The economy comes crashing down

                    Originally posted by BillyCarpenter
                    Biden has been asleep at the wheel since day one when he got 13 Marines killed. Today we found out that Joe got millions from China wired to his bank account.

                    Were you always this stupid before or after the Vaccine? Asking for a friend

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                    • Copier Addict
                      Aging Tech

                      Site Contributor
                      10,000+ Posts
                      • Jul 2013
                      • 14422

                      #265
                      Re: The economy comes crashing down

                      Originally posted by bsm2
                      Were you always this stupid before or after the Vaccine? Asking for a friend
                      It's the Mississippi educational system that I blame. Lol

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                      • slimslob
                        Retired

                        Site Contributor
                        25,000+ Posts
                        • May 2013
                        • 36905

                        #266
                        Re: The economy comes crashing down

                        Barney Frank, architect of Dodd-Frank Act, pushes back on Democrats blaming Trump for bank collapses - TheBlaze

                        Barney Frank as a result of having been on the board of Signature is in a position to know exactly what he is talking about. The rest of the liberals are not. They just like to spew lies.

                        HMMMMM SVB also had a lot in crypto. And Biden wants to go to entirely digital currency?

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                        • bsm2
                          IT Manager

                          25,000+ Posts
                          • Feb 2008
                          • 29480

                          #267
                          Re: The economy comes crashing down

                          Originally posted by slimslob
                          Barney Frank, architect of Dodd-Frank Act, pushes back on Democrats blaming Trump for bank collapses - TheBlaze

                          Barney Frank as a result of having been on the board of Signature is in a position to know exactly what he is talking about. The rest of the liberals are not. They just like to spew lies.



                          HMMMMM SVB also had a lot in crypto. And Biden wants to go to entirely digital currency?
                          Dude the deregulation of the Trump Administration strikes again and again

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                          • bsm2
                            IT Manager

                            25,000+ Posts
                            • Feb 2008
                            • 29480

                            #268

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                            • slimslob
                              Retired

                              Site Contributor
                              25,000+ Posts
                              • May 2013
                              • 36905

                              #269
                              Re: The economy comes crashing down

                              Newsom is Silicon Valley Bank client, report says - TheBlaze

                              I wonder if that includes campaign funds?

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                              • bsm2
                                IT Manager

                                25,000+ Posts
                                • Feb 2008
                                • 29480

                                #270

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