pknopp
Diamond Member
- Jul 22, 2019
- 73,733
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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!
You damn socialists and your bail outs of failed enterprises.