sharkman

Indicted? Suckers...

Could you please make some sort of point? That is connected to the title of this thread you’ve started? I rewrote that three times, in an attempt to be dispassionate. Success may have eluded me.

It might actually come to this. Once they indict Trump, and then the other side spills what they have on Biden and Biden Jr, it might get pretty ugly. If inflation and the economy gets worse or even doesn’t improve, and people have to choose between food and heat, it WILL get ugly.

I get a feeling that Trump would be the better of the 2 options for Republican president.

2500 people and families that lost an income. This may mean nothing to you, but it means something to their lives.

Either way, it was caused by the same economic conditions and market. You want to believe their press release while they no doubt line their own pockets? Knock yourself out.

Perhaps your sources aren’t that reliable. Look up Silvergate Bank.

To be honest with you, I’ve never working in the banking industry in any capacity. I do, however, have the ability to say that when 3 banks collapse in 4 days, that dropping stock prices, as well as investors heading for the exits, seem to be detrimental to a bank’s health.

And here’s more wreckage from the crisis: https://finance.yahoo.com/news/us-regional-banks-remain-under-092829687.html “Most banks are solvent under normal circumstances. The problem is, pretty much no bank can withstand a full bank run,” said Steve Sosnick, chief strategist at Interactive Brokers LLC. “The FDIC action removes the idea of a deposit bank run, but what we’re seeing is an investor bank run,” he added. First Republic Bank sank 79% for a record drop, sparking multiple halts for volatility Western Alliance Bancorp lost 85%, its biggest drop ever PacWest Bancorp was down 60%, hitting a record low Among other regional banks sinking more than 20% on Monday and triggering halts: Customers Bancorp Inc., Comerica Inc., Zions Bancorporation, East West Bancorp and Bank of Hawaii

That FDIC fund only has 125 billion in it. They will burn through that pretty fast. And then what?

All government money is taxpayer money, as far as I can tell.

This is starting to look like a crisis. And the government’s favourite go-to move is to take advantage of a crisis to cram something through that people wouldn’t accept under normal conditions. Never let a crisis go to waste.

This has been a long time coming. Michael Burry has been warning about another major crash, like the one he saw coming in 2004 or so. When it happened in 2008, he was ready for it and made something like 500% for his investment firm. It could be a bloody Monday.

And another bank bites the dust, moonbat. Makes one wonder how the employment numbers will be affected with these bank failures. https://www.cnbc.com/amp/2023/03/12/regulators-close-new-yorks-signature-bank-citing-systemic-risk.html U.S. regulators on Sunday shut down New York-based Signature Bank, a big lender in the crypto industry, in a bid to prevent the spreading banking crisis. … Signature is one of the main banks to the cryptocurrency industry, the biggest one next to Silvergate, which announced its impending liquidation last week. It had a market value of $4.4 billion as of Friday after a 40% sell-off this year, according to FactSet.