Has President Biden Nationalized our banking system?

Markle

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Has President Biden Nationalized our banking system?

A better question is, how has he NOT Nationalized our banking system? How can the government now refuse to make whole depositors of more than $250,000 in any bank in the country?

US regulators say SVB customers will be made whole as second bank fails

By David Goldman, CNN
Updated 8:44 PM ET, Sun March 12, 2023

New York (CNN)In an extraordinary action to restore confidence in America's banking system, the Biden administration on Sunday guaranteed that customers of the failed Silicon Valley Bank will have access to all their money starting Monday.

 
Has President Biden Nationalized our banking system?

A better question is, how has he NOT Nationalized our banking system? How can the government now refuse to make whole depositors of more than $250,000 in any bank in the country?

US regulators say SVB customers will be made whole as second bank fails

By David Goldman, CNN
Updated 8:44 PM ET, Sun March 12, 2023

New York (CNN)In an extraordinary action to restore confidence in America's banking system, the Biden administration on Sunday guaranteed that customers of the failed Silicon Valley Bank will have access to all their money starting Monday.

Not really....That was done in 1913, with the creation of the Fed.....We're only now reaching the logical conclusion, whereby BigBankster finally crushes the regional and community banks.
 
Has President Biden Nationalized our banking system?

A better question is, how has he NOT Nationalized our banking system? How can the government now refuse to make whole depositors of more than $250,000 in any bank in the country?

US regulators say SVB customers will be made whole as second bank fails

By David Goldman, CNN
Updated 8:44 PM ET, Sun March 12, 2023

New York (CNN)In an extraordinary action to restore confidence in America's banking system, the Biden administration on Sunday guaranteed that customers of the failed Silicon Valley Bank will have access to all their money starting Monday.

It's an attempt at nationalizing certain banks since taxpayers will be responsible for guaranteeing their depositors, no matter the amount.
The FDIC has/had a fund of $100 billion that would disappear quickly in a cascading failure crises. SVP alone had assets over $100 billion.

They already said only the banks that could cause "systemic failure" would be covered like they are doing now so that means anyplace the powerful & connected keep money in blue states.
Even the CCP will get reimbursed.
Rural & red state banks- out of luck for the most part.
 
No, it is not nationalized it is more like welfare for the wealthy, those poor bastards need our money to prove to you how they deserve to be paid more because they are better than we are at handling money....
 
How is it that this argument can't be used for years now? FDIC has long been around. Whether it's 250k or more it's still a government programs to protect the banks.

The Fed has seen to the needs of the banks for years and year now.

Is this really a new argument?
 
How is it that this argument can't be used for years now? FDIC has long been around. Whether it's 250k or more it's still a government programs to protect the banks.

The Fed has seen to the needs of the banks for years and year now.

Is this really a new argument?
The FDIC is fucking tip money to the Kulaks.

What the Fed is doing is bailing out the deliberate misfeasance and malfeasance of the banksters and their big money cronies at the top of the feeding chain, who are holding the bag for billions in foolish investments....In this case, the foolhardiness involves in stocking-up on zero-interest bonds, which are now getting crushed by Xiden's inflation.
 
The FDIC is fucking tip money to the Kulaks.

What the Fed is doing is bailing out the deliberate misfeasance and malfeasance of the banksters and their big money cronies at the top of the feeding chain, who are holding the bag for billions in foolish investments....In this case, the foolhardiness involves in stocking-up on zero-interest bonds, which are now getting crushed by Xiden's inflation.

Yeah? And? They have been doing this for a very long time. Glad you are finally noticing.
 
How is it that this argument can't be used for years now? FDIC has long been around. Whether it's 250k or more it's still a government programs to protect the banks.

The Fed has seen to the needs of the banks for years and year now.

Is this really a new argument?
NO, the FDIC has no authority whatsoever to make whole anyone whose deposits exceed $250,000. Being made whole at SVB are depositors of hundreds of millions of dollars by a bank making terrible decisions.

Once again the far left is eager to reward bad behavior and punish those making good decisions.

Why?
 
Yeah? And? They have been doing this for a very long time. Glad you are finally noticing.
Please show us where the FDIC has been making whole depositors of over $250,000 for "a very long time".

The government made LOANS to banks in the 2008 housing/mortgage/financial meltdown. All that money was repaid, with interest, early. That is not so with General Motors where we lost billions.
 
NO, the FDIC has no authority whatsoever to make whole anyone whose deposits exceed $250,000. Being made whole at SVB are depositors of hundreds of millions of dollars by a bank making terrible decisions.

Once again the far left is eager to reward bad behavior and punish those making good decisions.

Why?

It's hardly just the "far left". If anything the "far left" are for allowing it all to collapse.
 
Please show us where the FDIC has been making whole depositors of over $250,000 for "a very long time".

The government made LOANS to banks in the 2008 housing/mortgage/financial meltdown. All that money was repaid, with interest, early. That is not so with General Motors where we lost billions.

Bail outs are bail outs.
 
Has President Biden Nationalized our banking system?

A better question is, how has he NOT Nationalized our banking system? How can the government now refuse to make whole depositors of more than $250,000 in any bank in the country?

US regulators say SVB customers will be made whole as second bank fails

By David Goldman, CNN
Updated 8:44 PM ET, Sun March 12, 2023

New York (CNN)In an extraordinary action to restore confidence in America's banking system, the Biden administration on Sunday guaranteed that customers of the failed Silicon Valley Bank will have access to all their money starting Monday.

Meanwhile in Flint, Jackson, and East Palestine all they can do is beg for scraps. Over 90% of the accounts at SVB had over $250,000 in them. It's no secret who the government actually serves.
 
It's hardly just the "far left". If anything the "far left" are for allowing it all to collapse.
Then why is it the far left bailing out the multi-millionaires who rated woke investments higher than sound investments?
 
Then why is it the far left bailing out the multi-millionaires who rated woke investments higher than sound investments?

The "far left" has no control over anything. That you see Biden as that simply means you are peering from over the cliff.
 
Bail outs are bail outs.
Those loans rescued our banking system.

The bailout of SVB has effectively Nationalized the banking system. If the law had been followed, it SVB would have hardly been a blip in our economy. Now President Biden has told banks that their losses are Socialized and their profits are Capitalism. Make high-risk investments and if you lose, taxpayers will rescue you and if you win, the multi-millionaires will make huge profits. What a plan!
 

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