Silicon Valley Bank collapse..

[man down]

If all bank deposits are now insured 100% by the US government what new moral hazards are we building into the system?

If there is zero risk to bank risk managers making lousy decisions, they can “bet the bank” for their annual bonus, knowing the US govt will cover them if wrong.

Does anyone think is a good thing?

[man down]

Here's the issue.
BREAKING: Federal Reserve announces new emergency bank term funding program.

Our system is built on capitalism. It seems, capitalism is for all of us. Socialism is for the banks. Does this sound right?

Odd times.

[man down]

BOA next? Might as well, the fed put no limits on. They can just start over. We get screwed again. Make sure to pay your bills. Lol, unless you're a bank.

[jaded]

[man down]

Lol so much truth. What happens to the people that shorted these banks? Then the fed makes them whole? Do the shorts take it in the shorts?

So might as well fire every risk assessment person from banks now that the fed will cover anything they do. They can be a risky as they want now.

[Oregonian]

Oregonian, When will they learn not to trust those swampy banks/financial folks?


Silicon Valley Bank workers reportedly received their annual bonuses collapsed — and ahead of an expected Monday morning run by customers desperate

It’s unclear how much cash was distributed, but the bonuses likely ranged from $14,000 each for associates to $140,000 apiece for managing directors, based on figures posted on the Glassdoor website.




Still collecting bonuses even when the sh-t is failing.

———
I wish I could say ignorance is bliss. In America, we not only trust our politicians but we fight each other to defend the integrity of our beloved crooks.
We mock third world nations for electing crooks, we kick them for their relic laws, we laugh at them for their backward cultures and THEN WE TURN AROUND and do the same thing.
For a first world nation that is supposed to uphold certain dignified standards, especially in light of our institutions of higher learnings, we are as crooked as they come. And our citizens are mostly dumber than a bag of hammers.

[man down]

Anyone want to guess what happens when the fed prints more money for bailouts for banks? What does anyone think will happen with inflation? That money goes into the system. What does that do to inflation?

Yes, it makes it rise even more. How long will inflation be around now? Do we go from stagflation to hyperinflation?

[man down]

Now the fed will back the entire system. Hyperinflation it is.

[siablo14]

———
I wish I could say ignorance is bliss. In America, we not only trust our politicians but we fight each other to defend the integrity of our beloved crooks.
We mock third world nations for electing crooks, we kick them for their relic laws, we laugh at them for their backward cultures and THEN WE TURN AROUND and do the same thing.
For a first world nation that is supposed to uphold certain dignified standards, especially in light of our institutions of higher learnings, we are as crooked as they come. And our citizens are mostly dumber than a bag of hammers.

The Inside Job documentary showed that some of the academic economists are bought/paid by the financial industry.

[siablo14]

I'm simply not playing this game with you. We keep printing money when everyone knows what the debt is. We push war and sanctions and now have pushed countries that were enemies together that will join BRICS.

Then you have spending and ***** wanting 7 trillion for the budget. Its almost like they don't care about spending. School loans, free HC all pipe dreams at this point.

Why would they worry about borrowing when America's borrowing cost isn't going up? Also, the countries that are lending are always happy to lend more to America? Why would they stop borrowing when not borrowing will lead to unhappiness and low growth in America?