And just like that….SVB is bailed out

[Penelope]

Huh, didn’t Yellen just say that we aren’t going to bail them out? I guess that doesn’t include paying all the depositors their uninsured money.

Now, we the taxpayers, just covered all the non-FDIC insured deposts:

Silicon Valley Bank: Regulators offer plan to 'ensure U.S. banking system continues to perform its vital roles'

Treasury Department, Federal Reserve and FDIC said all Silicon Valley Bank clients will be protected and have access to their funds.

www.usatoday.com

Treasury Secretary Janet Yellen says U.S. government won't bail out Silicon Valley Bank

Treasury Secretary Janet Yellen says U.S. government will not bail out Silicon Valley Bank

www.cnbc.com

View attachment 765120

what would you do????

 

[multivita-man]

You're wrong, liberal faggot. The stimulus that was passed under Trump was necessary, and was endorsed by both Republicans and Democrats. Our inflation rate was also down around 1.2% then, until Biden spent a shitload more of unnecessary spending and made the inflation rate jump to 9.1%.

Let's face it: Your dumbfuck of a "president" is a failure, no matter how you look at it. Here's a verifiable list of things that happened or are still taking place during the presidency of Joe Biden:

• Promised on several occasions that he would "end fossil fuels"

• Later stated “We’re going to need oil for at least another decade”

• Gasoline that rose over two times the price it was in 2018

• Ended Keystone XL pipeline while waiving sanctions on Russia's Nord Stream 2

• Suspected US involvement in the bombing of the Nord Stream 2 pipeline

• The price of oil jumped up to $130 per barrel

• Drained US Strategic Oil Reserve to the lowest level since 1984

• Begged Saudi Arabia and Venezuela for oil

• Inflation rate rose as high as 9.1%, which was almost 5 times higher than it was in 2019

• A recession

• Dumped billions of dollars down the black hole of "Global Warming"

• U.S. household wealth down $13.5 trillion in 2022 - Second fastest decline on record

• Average middle-class family came up about $6,000 short of purchasing power

• The DOW dropped 6,700 points in only a year

• Stock market lost $9 trillion dollars worth of value in only two years

• Retirement accounts lost $3 trillion dollars

• 30 year fixed mortgages rose by 4.43% in only two years, to 7.75%

• Home prices soared 43% in only two years and housing sales slumped

• Median asking rent prices rose 79.7% in only two years

• Bankrupted landlords by excusing rent payments

• Grocery prices increased by 13.5% in only two years

• The price of electricity rose by 15.8% in only two years

• Hefty tax increases on the lower and middle class

• 84,000 new IRS agents arming and training to be home invaders

• Use of DOJ and FBI to harass political opponents

• A broken election system corrupt with fraud, sometimes taking months to count

• Wholesale mailing of ballots, ballot drop boxes, and illegal ballot harvesting

• Used a complicit media to lie, distort facts, and disseminate disinformation

• Conducting covert raids on American citizens and confiscating personal property

• Supply line disruptions, backorders, items out of stock or unavailable

• Massive backlog of cargo ships at US ports in 2022

• Sporadic shortages on grocery store shelves

• Air transportation disrupted, thousands of flight cancellations in 2022

• FAA system outages that disrupted thousands of flights in 2023

• Food-processing plants mysteriously burning down

• Record prices for eggs and poultry

• Record number of ecological disasters, train derailments, chemical spills, and fires

• Thousands of small businesses destroyed in order to benefit mega-corporations

• Continuing monumental trade deficit with China

• Allowed Communist China to operate "Police Stations" in American cities

• Allowed Chinese spy balloon to cross entire country, spying on military sites

• Used a $400,000 missile to shoot down a $12 hobbyist balloon over Alaska

• More COVID deaths than in 2020

• Vaccine mandates which caused deaths and debilitating health conditions

• Vaccine mandates which caused massive job losses for those who refused compliance

• Continued government funding for Planned Parenthood

• Eliminated Medicaid work requirements

• Increased food stamp giveaways by more than $1 billion a month, without Congress

• A whole generation of kids physically and psychologically damaged by prison-style lockdowns

• Subjecting young girls to creepy boys posing as "transgenders" in girl's locker rooms

• Stealing women's ability to fairly compete by allowing transgender males in women's sports

• Subjecting children to pornographic "Drag shows" and grooming them to be sex objects

• The promotion of transgenderism in schools, resulting in the genital and fertility mutilation
of children and adolescents by unethical medical practices and Big Pharma.

• Mass shootings occurring sometimes three times a week

• An exponentially-spiraling epidemic of violent crime and drugs

• Shutting down private prisons and turning inmates loose

• Fentanyl seizures up 745 percent

• 100,000 fentanyl deaths during Biden's first year of presidency

• 120% increase in opioid deaths in just two years

• Encouraged illegals to "surge" across the border without reason for amnesty

• A neutered Immigration and Customs Enforcement, virtually stopping arrests and deportations

• 4.9 million illegals crossing US border within only two years

• Added non-citizens to the census

• Immigration policies that dispersed COVID, crime, and potential terrorism throughout the US

• 900,000 "gotaways" who eluded apprehension and disappeared into American communities

• Record numbers of illegals dying while crossing the border

• Border Patrol arresting 98 who were on the terror watch list in 2022, 3X the last 5 years combined

• A President who wouldn't visit the border and said he had "More important things going on."

• A dishonorable withdrawal from Afghanistan that cost 13 American soldiers their lives

• $7.12 billion worth of US military equipment and weaponry left to the Taliban

• Hundreds of US citizens and Afghans left behind in Afghanistan after the withdrawal

• People falling out of the wheel wells of aircraft leaving Afghanistan

• A weakened US military more concerned with "political correctness" than creating soldiers

• A weakened US military via destructive anti-white racism and transgender-promoting policies

• Record low enlistment numbers

• A revitalized Russian oil industry, despite US sanctions

• A war in Ukraine that has cost the US billions of dollars and killed thousands

• Increased possibility of nuclear war with Russia

• Traded an America-hating lesbian doper basketball player for a terrorist Russian arms dealer,
while leaving an American Marine in a Russian prison

• North Korea continuing to expand their nuclear enrichment and missile programs

• A stronger Iran increasing their funding for Hamas and Hezbollah

• China became more energy and militarily dominant

• A senile, angry, and incompetent president who fell off of a bicycle, fell up stairs, insulted
half the people in America, labeled people as "terrorists", divided the country, and tried to incite
a civil war.

U mad? lol

 

[JGalt]

U mad? lol

Not at all. I love seeing you liberal faggots and your "president" fail.

 

[theHawk]

The funds are coming from the DIF, Deposit Insurance Fund, which is funded by the banks themselves.

Taxpayers could be on the hook if the DIF runs out of funds, though. That wouldn't be a shock.

The DIF only has $128 Billion in it.

 

[theHawk]

what would you do????

Not force banks to make bad loans with “diversity and equity” requirements. Not lower interest rates to near zero. Not bail them out if they do fail, although if we didn’t have forced diversity there would be no major banks on the brink of failing.

 

[busybee01]

Huh, didn’t Yellen just say that we aren’t going to bail them out? I guess that doesn’t include paying all the depositors their uninsured money.

Now, we the taxpayers, just covered all the non-FDIC insured deposts:

Silicon Valley Bank: Regulators offer plan to 'ensure U.S. banking system continues to perform its vital roles'

Treasury Department, Federal Reserve and FDIC said all Silicon Valley Bank clients will be protected and have access to their funds.

www.usatoday.com

Treasury Secretary Janet Yellen says U.S. government won't bail out Silicon Valley Bank

Treasury Secretary Janet Yellen says U.S. government will not bail out Silicon Valley Bank

www.cnbc.com

View attachment 765120

They are not being bailed out. I wonder if you can read. Depositors are being protected. In addition, additional liquidity is being made available to other financial institutions to protect other financial institutions. The cost will be borne by the FDIC and not by taxpayers. This thread is BS.

 

[busybee01]

The DIF only has $128 Billion in it.

If you bothered to read the statement, it reads that a special assessment on federal financial institutions will protect taxpayers. That would hurt your narrative that Biden is to blame for anyone. That is what this is all about.

 

[busybee01]

Apparently they have wide discretion when it comes to bank failures.

There are practical reasons for doing this. If the $250,000 limit was strictly enforced, it would cause great economic damage.

 

[task0778]

The DIF only has $128 Billion in it.

FDIC is normally short of its total insurance exposure by more than 99%. [I assume this means if everything turns to shit.] Congress granted the FDIC the power to borrow up to $500 billion from the Department of the Treasury, making the system effectively backed by the Federal Reserve. In other words, if the FDIC exhausts its other options, the government will step in to provide further financial backing.

FDIC Insured Account Definition, Requirements, Pros/Cons


I do not understand the democrats' decision to cover ALL depositors rather than only the ones under the $250k/$500k ceiling, I thought they wanted to screw the rich guys for all they can yet here they are bailing them out. WTF?

 

[theHawk]

FDIC is normally short of its total insurance exposure by more than 99%. [I assume this means if everything turns to shit.] Congress granted the FDIC the power to borrow up to $500 billion from the Department of the Treasury, making the system effectively backed by the Federal Reserve. In other words, if the FDIC exhausts its other options, the government will step in to provide further financial backing.

FDIC Insured Account Definition, Requirements, Pros/Cons


I do not understand the democrats' decision to cover ALL depositors rather than only the ones under the $250k/$500k ceiling, I thought they wanted to screw the rich guys for all they can yet here they are bailing them out. WTF?

Because they serve their billionaires and big tech masters.