You are a smart dude. You can digest this interview for what its worth. I appreciate when an interviewer asks the tough questions and in this specific situation, Hannity did that. I am not advocating becoming a regular viewer of his program.
Non contributing members and woke debs-bots are like what if AI was stupid and sent humans back to the stone ages
I hope ATW doesn't rely on "analysis" like this when making business or life decisions. l.o.l ... The claims come from a database posted earlier this week by the Center for the American Way of Life, a project of the Claremont Institute. As Claremont put it in a Newsweek article introducing the database, “Americans deserve to know who funded the BLM riots.” ... The database allows you to look up various corporations and see what they’ve donated to “BLM.” It lists SVB pledging $73,450,000 and says they followed through on the commitment. The database provides links to nine SVB documents as sources for this claim. They’re a mix of corporate responsibility type publications and corporate filings. There are various discussions of support for inclusivity and DEI efforts, which the database authors likely believe are synonymous with “BLM.” But I scanned through each one of them and found no reference to anything remotely backing up the claim. The closest thing I found that bore any relationship to this number was a company newsletter which discusses “reinvesting in low- and moderate-income (‘LMI’) communities” in California and Massachusetts. It mainly talks about financing small business loans and mortgages over the next five years (2021-2026) but also mentions $75 million “in charitable contributions.” It’s hard to prove a negative. I didn’t find anything to back up Claremont’s claim in any of the cited documents. And as I note above, what I did find suggests that any giving to anything tied to civil rights or diversity or just Black people generally must be at least an order of magnitude smaller than the claim that’s being picked up by right-wing media. But what this database is really about became clearer when I looked up some other companies. Let’s start with 3M. Claremont lists 3M pledging a whopping $50 million to “BLM.” But the cited document, published in September 2020, appears to be mainly focused on supporting STEM learning in Black communities. It’s a pledge of $50 million over 5 years and lists $6 million in initial investments. That $6 million consisted of $5 million to the United Negro College Fund for work in St. Paul, Minnesota; another $1 million is slated for “annual investment to social justice partnerships, led by our employee resource network community champions and building on the initial investment from 3M Foundation in 2020.” For Claremont, these are all “BLM.” Next up is Chevron, which Claremont reports pledged $15 million to “BLM.” What does the actual cited document say? That $15 million went to $7 million in grants to historically Black colleges and universities; $1 million to the Executive Leadership Council; $5.1 million in grants to three foundations supporting k-12 education; $2 million to the United Negro College Fund; $1.6 million to the Thurgood Marshall College Fund and $1 million to the Smithsonian’s National Museum of African American History and Culture. Again, for Claremont, that’s all “BLM.” How about Abbott Labs, the folks who make the swabs you put up your nose to see if you have COVID. Claremont says they gave $25 million to “BLM.” What’s the document say? They pledged $25 million to a joint project with the Local Initiatives Support Corporation (LISC) to “provide diverse small businesses with the tailored growth capital, loans and support they need to compete, grow and create jobs.” The LISC was founded in 1979 and according to its site has “invested $24 billion to create more than 436,320 affordable homes and apartments and develop 74.4 million square feet of retail, community and educational space.” A number of other companies in the database also gave to LISC for various projects. But again, it seems adjacent to Black people, so that’s “BLM.” Costco also gave $25 million to “BLM.” Turns out it was grants to LISC. What about the $1.5 million Claremont reported Campbell’s Soup giving to “BLM.” Those were grants to Black Girls Code, National Urban League, the NAACP Legal Defense and Educational Fund, the Campbell Canada’s Black History Month Fund, the Equal Justice Initiative and the Boris L. Henson Foundation. Again, tied to Black people, so it’s all “BLM.” Then there’s Boeing’s $15.6 million to “BLM.” You can see the cited list of recipients here. The largest recipients include the Seattle Children’s Hospital, United Negro College Fund, Chicago Urban League, D.C. College Access Program and the Forum to Advance Minorities in Engineering, Inc. Again, you can see the full list here. Rather unbelievably Claremont lists Bank of America as giving more than $18 billion to “BLM.” Yes, billion. The cited documents appear to report only $1.25 billion and that appears to be almost entirely going to financing for housing and business development in minority communities. So this money may be targeting minority advancement, but its in the form of loans that BOA will get paid back for. An apparently tiny fraction of that total (no specific numbers are cited) goes in grants to organizations like Asian Americans Advancing Justice, National Coalition for Asian Pacific American Community Development and The Leadership Conference Education Fund. Claremont reports that Walmart pledged $100 million to “BLM,” $14 million of which has already been granted. According to the cited document recipients include American Heart Association (AHA), Bernard J. Tyson Impact Fund ($5 million); U.S. Vaccine Adoption Grants; The King Center; and the Association of Black Foundation Executives (ABFE). Again, for Claremont, it’s Black-people adjacent, so that’s BLM. Other highlights include Cargill’s support for something it calls Black Farmer Equity Initiative. ... The vast majority of the organizations are highly mainstream and even corporate in their focus (supporting minority-owned small businesses, recruiting minority employees in STEM fields). The ones that aren’t mainly focus on housing, closing gaps in medical care in minority communities and supporting STEM education and coding. In many cases, the cited documents include no information to support the purported dollar amounts at all. In some cases a claim about one corporation is backed up with a document about another corporation entirely. So there’s a high degree of slapdash and incompetence involved. But the general message is that anything in any way connected to Black people in pretty much any way is “BLM riots,” and explicitly supporting mayhem and violence. https://talkingpointsmemo.com/edblo...ehind-that-database-on-corprate-giving-to-blm
FedNow payment system. How does fednow work FedNow is a new instant payment system developed by the Federal Reserve Banks of the United States to enable individuals and businesses to send and receive payments in real-time. Here's how FedNow works: Sender Initiation: The sender initiates a payment instruction through their bank or other financial institution. The sender provides the recipient's bank account number or a unique identifier, such as a mobile phone number or email address, along with the amount of the payment. Routing: The sender's bank sends the payment instruction to the Federal Reserve Banks' FedNow Service, which routes the payment to the recipient's bank. Recipient Notification: The recipient's bank receives the payment instruction and immediately notifies the recipient that the payment has been received. Funds Transfer: The recipient's bank credits the recipient's account with the payment amount, and the funds become available for immediate use. The entire process takes place in real-time, which means that the payment is completed within seconds of the sender initiating the transaction. This makes FedNow a fast and convenient way to send and receive payments, particularly for time-sensitive transactions, such as bill payments, payroll, and emergency expenses. Additionally, the FedNow Service is available 24 hours a day, 7 days a week, and 365 days a year, making it a reliable option for instant payments.
Damn gifford, you strung up Around the world like you once did that dude The General/Gioan Bautixta. @AroundTheWorld - tsk, tsk, tsk, you can’t be posting lies when gifford is around.
Sure the bank is to blame. So are those that removed regulations that could have helped prevent this. So are those that supported and voted for those that rolled back regulations. Don't remove responsibility from the bank but do empower regulations to prevent this type of crap from happening again
Are their numbers on how many depositors had less than $250k and how much the FDIC had to cover? Or is that still TBD?
It’s a wall of debunking nonsense you posted. If you’re gonna even pretend to be interested in facts, try dealing with them.
Then that’s too bad. That makes you just as bad as the low IQ, no information audience to which Tucker sells his nonsense. There was a time when you actually posted interested interesting information about Covid response that merited examination. But if you’re going to post nonsense and then willfully ignore information that debunks that very nonsense, then you bring nothing to the table.
It has been reported that more than 85% of the deposits are above 250k. TBD. FDIC could end up not paying a single penny for uninsured deposits. If they do have to tap into FDIC fund, they will recover it through a special assessment on banks.
https://www.reuters.com/business/fi...-sell-silicon-valley-bank-sources-2023-03-15/ Regulators at the U.S. Federal Deposit Insurance Corp (FDIC) have asked banks interested in acquiring failed lenders Silicon Valley Bank and Signature Bank to submit bids by March 17, people familiar with the matter said on Wednesday. The new auctions show how the FDIC is making a concerted effort to return the lenders to the private sector after regulators took over Silicon Valley Bank (SVB) last Friday and Signature Bank (SBNY.O) on Sunday, during a weekend of turmoil that has reverberated through the global financial system. This will be the FDIC's second attempt at selling SVB after a failed effort on Sunday. The FDIC has since retained investment bank Piper Sandler Companies (PIPR.N) to run a new auction, the sources said. The FDIC is aiming to sell both SVB and Signature in their entirety, while offers for parts of the banks could be considered if whole company sales do not happen, two of the sources said. Only bidders with an existing bank charter will be allowed to study the banks' financials ahead of submitting their offer, a move which is aimed at giving traditional lenders an advantage over private equity firms, the two sources said. Any buyer of Signature must agree to give up all the crypto business at the bank, the two sources added. The sources requested anonymity because the matter is confidential. The FDIC declined to comment, both on its own behalf and for SVB. Signature and Piper Sandler did not immediately respond to requests for comment. U.S. President Joseph Biden has said that U.S. taxpayers will not bear the cost of salvaging SVB and Signature because any capital shortfalls would be covered by a government fund that can place a levy on other banks. Successful sales, however, would help minimize such shortfalls. ...
Hate it break the news to you But there’s plenty of them in Texas There’s one in Katy and like 3 in Austin take a wild guess why?
