it's behoove you to be better-informed The Dodd Frank Act was passed---putting in place strong oversight/reporting/disclosure requirements--- for banks to prevent the re-occurrence of the the great financial collpase of 08/09 but, in 2008, Trump, w support of the GOP-controlled Congress, signed into law a rollback of Dodd Frank for small banks, loosening the oversight/reporting requirements. the lack of oversight contributed to the collapse of silicon valley bank / the trouble at NYCB also, it has been reported that former Trump Secretary of Treasury, Steve menuchin, and a consurtiurm is providing 1$B of funds to bail out NYCB, https://finance.yahoo.com/news/steven-mnuchin-leads-1-billion-attempt-to-rescue-nycb-181312393.html
I want to lower interest rates cuz inflation is already at fed target and high rates does nothing other than CURB BUILDING MORE HOUSES. We can only solve the housing crisis by turning into YIMBYs and build more. Builders are waiting for rates to come down as they're too leveraged. Regional banks closing is due to fed policies. Everyone has lost their brains in the past few years.
Trump did, in fact, shut down the nation for covid that caused the remote work boom, so souless morons can blame him for that too. NYCB gets third credit downgrade as CRE exposure worries spill to Europe Nvidia to 3T wen?? MAG7 >>> G7 stonks...combined
Egypt took a dump today too. They probably bought some of those premium AAA+ bank bonds from the IMF at a great rate.
The wonders of securitization to spread **** all over....but calm down bois, our banking system isn't immediately screwed from CRE. Same shit, different toilets.
You literally have NO idea what the hell you're talking about. It's quite astonishing how you still portray yourself as intelligent about economics after your 2023 predictions. Americans are so funny
If I was always right, I wouldn't be giving away these juicy drops for free. I am here for D&D though. Good job pointing me where I wrote incorrectly. The Commander Biden thing is totally appropriate here. You can't control yourself and do what others tell you to do.
I used to live in Iowa. I've always known the name Chuck Grassley, Senator, and I'm not exactly a kid anymore. Grassley used to be semi-respectable. And then even he slid into Trump's ninth circle of Hell.
The economy was given a tow boat. Everyone saw recession on the horizon. The reality is we can kick the can down the road. Eventually you run out of road.
Excuse me huh? Who's "everyone" exactly?? I sure as hell didn't claim a recession was imminent. Me and @adoo were claiming all last year the time to buy stocks was then and economists discounted the effects fiscal support was helping prevent a recession. I loaded up on stocks and went all in last year when SPY was around 380. I'm up close to 400k on my investment and it was the most profitable trade in my life. I'm exiting all equities before the election and will be up alot I've been right all along
I'm sure any government that can deficit spend One Trillion every ninety to one hundred days nonstop can prove people wrong. And that's not going to stop these mindless sock puppets from b****ing about the same thing when an R president does it... Btw, they changed their tune with a fast deflection after jumping on you for the root cause of NYCB's woes. Biden zombie halfwits and dishonest weasels
Hahahhaa you knew exactly how much the government was spending when you made the dipshit predictions. Biden had already passed IRA, infrastructure bill and chips act when you made your donkey predictions. "It's so obvious if you spend so much money you won't have a recession" lol what a effin donkey. Everyone in the media including Bloomberg claimed there was a 100% of a recession even though they had same data. Shameless donkeys
