Silicon Valley Bank Collapse

He wants her to say something that she knows she can't say. Of course they would be bailed out in Oklahoma and all depositors would be made whole. The fdic has made depositors whole in every situation for the past decade. They just can't make that policy on paper and he knows it

 

too big to fail?

 

No. But you know all about that already.

 

Did you read anything I wrote?

 

You do understand how insurance works? That's what the "I" in FDIC stands for. Please tell me you don't think insurance companies print money to meet claims.

But to fill you in, you see the idea is that you lower risk of bad events by paying what is called a "premium." These premiums are then "pooled" together to be used to cover losses. So if you have a car (maybe you don't based on how you understand insurance), you get this thing called "car insurance". If you crash your car, money isn't just printed to cover repairs and whatnot, it comes from all the premiums people pay. Yes, to get car insurance, you pay money upfront.

Imagine that.

 

Glad you can admit you aren't understanding.

 

Bank Stocks Resume Slide as Relief Over Rescue Fades
Despite the rescue of First Republic, investors continue to sell off shares in the ailing bank and some other regional lenders.

https://www.nytimes.com/2023/03/17/business/banks-crisis-first-republic-credit-suisse.html

 

@Commodore

 

so much for this not spreading.

 

if you think there is a nonzero chance of hyperinflation, put aside your prejudices and purchase a small but nontrivial amount of bitcoin as a hedge

 

I'm happy to buy the dip in stock prices of historic financial institutions, if Charles Schwab or the like collapse, it's all over anyways.

 

Biden threatens to tax the cali super rich then totally redeems himself with them a week later.

 

There weren't over 2 million workers payroll on the line at the bank? There was only rich folks money? There were no local food banks money? No non profit companies has their money there??

This is a reminder that ever since 2009 we've NEVER allowed depositors not to be made whole.....not once

 

You get triggered so easily. Its laughable.

 

Why do you think I'm triggered ? I'm middle eastern we talk passively aggressively normally I'm not "triggered" in any way shape or form. This is a message board. I like to debate policy while you spin conspiracies.

 

For those who feel the need to blame political parties and politicians, understand the root of the issue - The Federal Reserve does not want narrow banking.

(Bitcoin fixes this)

 

Debsbot is programmed that way

 

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~~ 5 yrs before that, In 2018, When Trump and his team signed the rollback of Dodd Frank---exempting mid-size and small banks from periodic regular review----
The Dems in Congress headed by Elizebeth Warren warned about the risk of bank runs