What banks did Biden bailout? Sorry i just type like this im not being hostile to you. I apologize if i come across as that way its not my intention. You do know SVB and all those other banks went bankrupt right? The equity nd bond holders in all the failed banks went broke and lost all their money. The only people who got bailed out were depositors not investors. Again what corporate bailout again?
For extra credit, you stopped drinking at starbucks and now make instant organic fair trade capuccinos with your Jura you bought at Costco, partially paid off through CC points. That's investment AND cost savings right there.
These folks can never grasp the idea that Biden as president has never issued a stay at home order ever. Even with delta was spreading through the community and we were averaging 300k+ cases daily biden never issued any lockdowns. More and more conspiracies is the only @AroundTheWorld has. You folks need to call him out on his bullshit more
The bailout included high value 250k+ depositors from the collapsed banks. This was the market signal that other mid-sized bank depositors would be "made whole"...should anything happen. Technically, WAMU and Countryside also "went bankrupt" too, rather the government facilitated a bidder and expedited the merger process, which allowed them to be sold to larger banks at fire sale prices. Similarly, the banks in the S&L scandal weren't entire bailed out by the government either, rather the Fed stepped in and facilitated a bail-in for the larger banks, but having the Fed/government's fingerprints 30 odd years ago started off this moral hazard slippery slope mess we have today. If you want to split thread into semantics, I'm fine with not using "bail out", the inherent point still stands. https://www.investopedia.com/articl...716/why-bank-bailins-will-be-new-bailouts.asp
No bank depositor in the history of America has not been bailed out. Bank depositors who are victims of fraud are at no fault of their own and to blame them isnt right. Obama and Trump bailed out the actual shareholders and bondholders. Using taxpayer money to bailout the shareholders and bondholders is wrong. Depositors that were made whole were not bailed out by taxpayer dollars. The way FDIC insurance works is that they charge a fee to banks not shareholders. Not a single dollar of your money went to bailing out the depositors at SVB or the other banks. The other larger banks paid a higher fee to cover those depositors
2 banks went bust in May and July. No one complained, so maybe they weren't "bailed out"? So you're fine with the bit about government resolving bank failures that bypasses established means, presumably to remove contagion and depositor panic from mid-sized banks? That was the point right...that both Admins touting strong and stable economies required systemic interventions during their terms. I mean when the Fed announced they would start buying up corporate debt to prevent the market from tanking further in March 2020, that wasn't technically a "bailout" per your fair description either. I guess I'm wrong 2-for-2 on whatever that bailout-not-bailout is technically called, if there's a neat commonly understood word for that.
so says one who has been dismissive of Bidenomics u need to stop spreading false narrative translation, you have no idea what ur talking about, w your false narrative of "bank bailout", reminiscent of your parroting of "the balance sheet will be wrecked: for the education of the ill-informed one, there is no bailout. SVB, FRB, etc. have been eg of poor risk management by the bank management. ur publicizing ur confusion between bank faiures and bailouts. repeat after me, invisible fan monetary policies are separate and distinct from fiscal policies; like wise, bank bailures are separate and distinct from bank bailout
Good ol adoo. Like a yappy fenced-in poodle barking at every thing it can't make sense of or like. I'll do this once because this is already a long derail and you're my most loyal follower. So what? The IRA is a grab bag of different policies ranging from infra to social security/medicare expansion. I don't know what binary planet you live in, but it's fine to like some things and not others. It's easier to parse one or two sentences to nit pick rather than understand the entire point, but that's not my problem. u make me This will you feel like a smaller and angrier man. Nevertheless, I will help you grow and do you a favor by googling for you. A bailout or not? Did the federal government bailout Silicon Valley Bank and Signature Bank? The Fed announced a few other actions as well – like making funds available for other financial institutions in the form of one-year loans. This is all to instill confidence in other banks after SVB’s collapse, and to avoid any run on the banks. ... But back to the word “bailout” – which has no traditional definition. Some still consider the actions taken by the government over the last week a bailout. The difference, per some experts, between now and 2008 is simply who is being bailed out: the depositors. “Bailout,” yelled senior economics fellow at Brookings Institution, Aaron Klein, during a phone interview with ABC News. “That’s what it is - plain and simple.” Klein spent over a decade working in government, including his time as chief economist of the Senate Banking. During that time, he worked on the Troubled Asset Relief Program (TARP) – a $700 billion government bailout authorized by Congress in October of 2008. Klein’s point is that the depositors being made whole beyond the original $250,000 guarantee are, in essence, getting bailed out. Everyone who had less than that in their accounts was already guaranteed their money back by the Fed, he noted. “If you lined up 20 Americans in a room, the 19th richest person will have – based on the average – about $69,000 in their bank account,” noted Klein. “Very few Americans have more than $250,000 in a single bank.” Per the bank’s own description, SVB catered its services to venture capitalists (VCs), start-up and leaders in the tech industry – many of whom could be considered financially “well-off”. “VCs should say thank you,” wrote NYT’s and CNBC’s Andrew Ross Sorkin on Twitter. “It is a bailout,” he wrote. “Not like 2008. But it is a bailout of the venture capital community + their portfolio companies (their investments). That’s the depositor base of SVB.” If the government is stepping in to guarantee these bank customers their money beyond the $250,000 guarantee, many are left wondering where that money is coming from and how this is not considered a bailout. Since you have a habit of making a mountain out of a molehill, the guy who worked on TARP claims gov response to this year's bank collapse was a bailout. I already admitted that it's not textbook definition. You can send your shrill and needy responses to that guy. Or ignore the article you just read, do the opposite and repeat after yourself again and again. Keep at it, one day your wish will be granted, and you will turn into a likable person.
I’m worse than that. I’m literally drinking fair trade coffee now at a cooperatively owned cafe with an “ALL OUR WELCOME SIGN” and Pride Flag.
People who do these kind of things are silly IMO, but it's there right, I just don't get their end game. Attention maybe to their cause? This is peaceful and sucks for people trying to get to work but looks like it got cleared up..............I have no tolerance for the people who do things like throw paint on paintings, glue their hand to the court while a game is being played, again it's there right but it's also there right to go to jail. Climate enthusiasts take their cause seriously and I can appreciate that, maybe working to change laws would be a better alternative...............but hey, that's what`s great about the USA, we have rights to do things that might piss others off.
There is this problem of a “Hey Look at Me!” Activism. I view it as people who would otherwise be doing Jackass type stunts giving themselves a rationalization even if the connection is extremely tenuous or there isn’t a connection at all.
They have no tangible power and resort to the internet's "attention economy" for whatever reasons. Folks doing it could be serious or it's just to get tiktok views or increase their chances of getting laid with the cute chick who handed out the fliers.
