SVB bailout shows ‘capitalism is breaking down,’ Ken Griffin says

[Dont Taz Me Bro]

He's right. We don't have capitalism in this country; we have crony capitalism. Every time we bail these people out over their reckless decisions we're giving them and others the green light to go and do it again. The FDIC insures up to $250k. Beyond that, they need to eat their losses.

SVB bailout shows ‘capitalism is breaking down,’ Ken Griffin says

“The US is supposed to be a capitalist economy, and that’s breaking down before our eyes,” Ken Griffin, the Citadel founder, told Financial Times.

nypost.com

 

[Rambunctious]

He's right. We don't have capitalism in this country; we have crony capitalism. Every time we bail these people out over their reckless decisions we're giving them and others the green light to go and do it again. The FDIC insures up to $250k. Beyond that, they need to eat their losses.

SVB bailout shows ‘capitalism is breaking down,’ Ken Griffin says

“The US is supposed to be a capitalist economy, and that’s breaking down before our eyes,” Ken Griffin, the Citadel founder, told Financial Times.

nypost.com

Its been breaking down a long time... we still haven't learned anything from 2008....

 

[okfine]

Chip chip chipping at regulations. Greedy get greedier.

How about renting my Game Stop shares?
Maybe you can loan me some money you don't have?

 

[Mac1958]

He's right. We don't have capitalism in this country; we have crony capitalism. Every time we bail these people out over their reckless decisions we're giving them and others the green light to go and do it again. The FDIC insures up to $250k. Beyond that, they need to eat their losses.

SVB bailout shows ‘capitalism is breaking down,’ Ken Griffin says

“The US is supposed to be a capitalist economy, and that’s breaking down before our eyes,” Ken Griffin, the Citadel founder, told Financial Times.

nypost.com

I've been calling it "Capitalism 2.0" for a few years now. We've created such a massive backstop with the Fed and the Treasury that risk has been completely distorted and piled on the plate of taxpayers and our grandchildren. We've turned moral hazard into a fucking art form. This is not how it's supposed to work.

The result? More people are interested in socialism than ever before. We've fucked this up across the board.

 

[TNHarley]

Capitalism doesnt involve the govt picking winners and losers

 

[Rambunctious]

I've been calling it "Capitalism 2.0" for a few years now. We've created such a massive backstop with the Fed and the Treasury that risk has been completely distorted and piled on the plate of taxpayers and our grandchildren. We've turned moral hazard into a fucking art form. This is not how it's supposed to work.

The result? More people are interested in socialism than ever before. We've fucked this up across the board.

Now see we do have room to agree and join together... and we better find more reasons or we are toast as a people.... and a nation...

 

[Lastamender]

He's right. We don't have capitalism in this country; we have crony capitalism. Every time we bail these people out over their reckless decisions we're giving them and others the green light to go and do it again. The FDIC insures up to $250k. Beyond that, they need to eat their losses.

SVB bailout shows ‘capitalism is breaking down,’ Ken Griffin says

“The US is supposed to be a capitalist economy, and that’s breaking down before our eyes,” Ken Griffin, the Citadel founder, told Financial Times.

nypost.com

It shows capitalism is being broken down by the traitors who run this country. Your fucking masters.

 

[Jessica-stormlover]

Our problem is this form of capitalism is supported by the republican base because the rich have fed them a bill of goods. These people can't be educated on why it is bad so they will keep arguing and electing people that will only continue to deregulate and destroy our middle class. It is really sad.

 

[Lastamender]

Our problem is this form of capitalism is supported by the republican base because the rich have fed them a bill of goods. These people can't be educated on why it is bad so they will keep arguing and electing people that will only continue to deregulate and destroy our middle class. It is really sad.

Democrats are the party of the filthy rich now. Get a clue.

 

[GMCGeneral]

Our problem is this form of capitalism is supported by the republican base because the rich have fed them a bill of goods. These people can't be educated on why it is bad so they will keep arguing and electing people that will only continue to deregulate and destroy our middle class. It is really sad.

So you would rather have Communism? Gotcha.

 

[TNHarley]

Our problem is this form of capitalism is supported by the republican base because the rich have fed them a bill of goods. These people can't be educated on why it is bad so they will keep arguing and electing people that will only continue to deregulate and destroy our middle class. It is really sad.

Yeah those damned repubs bailing this bank out!

 

[progressive hunter]

Our problem is this form of capitalism is supported by the republican base because the rich have fed them a bill of goods. These people can't be educated on why it is bad so they will keep arguing and electing people that will only continue to deregulate and destroy our middle class. It is really sad.

hey pervert,, its biden and the dems doing it not republicans,,,

 

[TroglocratsRdumb]

Stolen elections have consequences.
1 Greedy corrupt Democrats loot the Taxpayers.
2 Massive trillion-dollar spending causes inflation.
3 Massive inflation causes high interest rates.
4 High interests rates cause US bond values to fall.
5 Low bond values caused SVB to fail.

https://www.cnn.com/2023/03/11/business/svb-bank-collapse-explainer-timeline/index.html

 

[excalibur]

 

[TroglocratsRdumb]

I think that some of these Banks are allowing those far left ESG people to make foolish decisions.

 

[occupied]

Republicans keep electing people who are "business friendly" who then go to Washington and give away the store to anyone with a fat wallet. Don't know why anyone expects any different.

 

[Donald H]

Now see we do have room to agree and join together... and we better find more reasons or we are toast as a people.... and a nation...

Well, it looked like something something good could have started there!

But no, the fkng children are back to kill it ever happening on this board.

 

[Harry Dresden]

Our problem is this form of capitalism is supported by the republican base because the rich have fed them a bill of goods. These people can't be educated on why it is bad so they will keep arguing and electing people that will only continue to deregulate and destroy our middle class. It is really sad.

and its not supported by many democrats?....

 

[Captain Caveman]

He's right. We don't have capitalism in this country; we have crony capitalism. Every time we bail these people out over their reckless decisions we're giving them and others the green light to go and do it again. The FDIC insures up to $250k. Beyond that, they need to eat their losses.

SVB bailout shows ‘capitalism is breaking down,’ Ken Griffin says

“The US is supposed to be a capitalist economy, and that’s breaking down before our eyes,” Ken Griffin, the Citadel founder, told Financial Times.

nypost.com

Well, the alternative is Socialism, so that means everyone suffers the misery.

 

[Likkmee]

He's right. We don't have capitalism in this country; we have crony capitalism. Every time we bail these people out over their reckless decisions we're giving them and others the green light to go and do it again. The FDIC insures up to $250k. Beyond that, they need to eat their losses.

SVB bailout shows ‘capitalism is breaking down,’ Ken Griffin says

“The US is supposed to be a capitalist economy, and that’s breaking down before our eyes,” Ken Griffin, the Citadel founder, told Financial Times.

nypost.com

The prefix is : PREDATORY