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.

Apparently the bonds that SVB was holding became an issue. The government interest rate increases is causing bond values to drop substantially.

https://news.yahoo.com/svb-fallout-spreads-around-world-154331383.html “Fears of contagion have reached Canada, India and China. In the UK, SVB’s unit is set to be declared insolvent, has already ceased trading and is no longer taking new customers. On Saturday, the leaders of roughly 180 tech companies sent a letter calling on UK Chancellor Jeremy Hunt to intervene. “The loss of deposits has the potential to cripple the sector and set the ecosystem back 20 years,” they said in the letter seen by Bloomberg. “Many businesses will be sent into involuntary liquidation overnight.” The SVB failure has implications around the world it seems, which could make for an interesting Monday. And Yellen has apparently said no bailout is coming.

SVB had holdings of other banks. Apparently 90% of their total accounts were uninsured. You know what that means folks? They are going to be out of luck. Here’s some more thoughts: https://www.dailymail.co.uk/news/article-11847965/Financial-markets-brace-following-Silicon-Valley-Bank-death-spiral-bank-stocks-50.html “The ripple effect has already hit similar institutions, such as New York's Signature Bank, which saw its share price plummet 23 percent before trading was halted when the news of SVB's demise came in. The share price of First Republic, the 16th largest bank in America, also crashed by 14.8 percent and Pac West dropped by 37.9 percent. University of San Diego finance professor Dan Roccato cautioned that while SVB was 'a niche bank', more firms are likely to face troubling times ahead.” Have you ever heard of the phrase, never let a crisis go to waste? Bill Clinton’s favourite saying, and governments the world over love to employ this. When some crisis or other happens, that’s the time to force through an “emergency” bill or change, because people will be fearful and more accepting of a change that is said to help them. Think big, now. What financial change do the governments have waiting in the wings right now, ready for an emergency?

Yeah? Well let’s see what happens when this contagion works through the economy: https://www.cnbc.com/2023/03/10/silicon-valley-bank-tumbles-for-a-second-day-weighing-on-the-bank-sector-again.html Shares of Silicon Valley Bank, tumbled for a second day Friday and weighed on the entire banking sector again on concern that more banks would incur heavy losses on their bond portfolios. Concern among founders and venture capital investors spiked earlier this week after Silicon Valley Bank surprised the market by announcing late Wednesday it needed to raise $2.25 billion in stock.

No guilt is established, but some hanky panky seems to be going on. Here, you can read all about it: https://www.cbsnews.com/news/national-archives-retrieved-nine-boxes-biden-records-patrick-moore-boston-office/ The boxes had been transported from a Washington, D.C., think tank to lawyer Pat Moore's firm, the Archives revealed in a letter to senators. The National Archives says it has not reviewed the material. Documents from Mr. Biden's time as vice president are required to be turned over to the Archives. So those documents were kept safely away from all of the searches and inspections of this year. And I’m sure you think there is nothing wrong with that.

Well, in this rumour, several boxes of documents were transported across state lines before the very first search. Which was before the election. Which suggests that they were tipped off about the search. Which breaks several laws.

Rumour has it that more classified documents have turned up from Biden’s VP days. Does anyone on the left care?

Oh wait. I thought it was Russia Russia Russia. And you all just bought that nonsense about Russia because your trusted sources of propaganda said so. Now that the powers that be realize that they are losing their grip on the public, they come out with a new fake news story. It wasn’t Russia. It was Ukraine. Supporters. Not a nation, but a group. They know the political leanings of this group, but they don’t know who it is. Really. That has the top tier kind of technology that Ukraine wouldn’t have. To set explosives on the bottom of the ocean, strategically placed to properly take out 2 gas lines. And remember, it wasn’t Germany, USA or Russia. It was a “group” that doesn’t contain them. But it has technology on par with the US Navy. Got all that? It wasn’t the US that only threatened twice to take out the gas lines, spoken by two top level officials, including the office of the president. They had nothing to do with it, ignore those whistle blowers. 🙄