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Started By
Message
The most disturbing event thus far today was Bumbling Joe Biden taking to the airwaves..
Posted on 3/13/23 at 12:03 pm
Posted on 3/13/23 at 12:03 pm
and assuring the American people the US banking system is strong, resilient and in no danger of collapsing......Jotato says he and his crack team have the situation under control and there's no need to panic.
This is the same doddering fool along with his granny Treasury Secretary who assured you surging inflation is transitory and does not pose a threat to the US economy.......I feel much better knowing the illegitimate regime is guiding the American people through these troubled times.
This is the same doddering fool along with his granny Treasury Secretary who assured you surging inflation is transitory and does not pose a threat to the US economy.......I feel much better knowing the illegitimate regime is guiding the American people through these troubled times.
This post was edited on 3/13/23 at 12:10 pm
10
Posted on 3/13/23 at 12:04 pm to Bass Tiger
Markets appear to remain calm?
Posted on 3/13/23 at 12:05 pm to Bass Tiger
It's like when a GM gives the manager a vote of confidence press conference.
This post was edited on 3/13/23 at 12:06 pm
Posted on 3/13/23 at 12:05 pm to Bass Tiger
An old jackass and even older jackassette.
Both lying idiots.
Both lying idiots.
Posted on 3/13/23 at 12:07 pm to Bass Tiger
It is like the dreaded vote of confidence that AD's give to coaches on the hot seat.
Posted on 3/13/23 at 12:08 pm to SECSolomonGrundy
quote:
It's like when a GM gives the manager a vote of confidence press conference.
And ticket sales remain steady?
Posted on 3/13/23 at 12:11 pm to cwill
quote:
It's like when a GM gives the manager a vote of confidence press conference.
And ticket sales remain steady?
We America First types hope and pray you're right and Jotato has this.
Posted on 3/13/23 at 12:11 pm to Bass Tiger
quote:FJB, but he’s not thst wrong. We had two banks shut down. We averaged 3-4 a week in 2008.
assuring the American people the US banking system is strong, resilient and in no danger of collapsing......
One bank wasn’t even insolvent—it had a run. Even so it had a pretty unique set of assets. Most banks have a better range of liquidity.
The other get bank has crypto issues.
The long-term issue will be banks that have low-return assets, but having customers demanding higher returns on savings and deposits—thus reducing profitability. But that issue played no part in these two banks.
Posted on 3/13/23 at 12:14 pm to cwill
This is one of the very few times, if ever, that it's good for the country that biden is not making any decisions. And though he's always avoided answering questions, this time he sped away as he knew he was in wayyyyy over his head; more so than usual.
Posted on 3/13/23 at 12:15 pm to cwill
quote:
Markets appear to remain calm?
Because of Joe Biden?
Posted on 3/13/23 at 12:18 pm to Taxing Authority
quote:
One bank wasn’t even insolvent—it had a run. Even so it had a pretty unique set of assets. Most banks have a better range of liquidity. The other get bank has crypto issues. The long-term issue will be banks that have low-return assets, but having customers demanding higher returns on savings and deposits—thus reducing profitability. But that issue played no part in these two banks.
How many banks across the US are holding billions in low yield treasuries? How many have small business loans teetering on default if the economy goes into a hard recession? Mortgages? Car loans?
In 2023 the Federal Reserve is carrying $8 trillion in government backed loans, primarily MBS and student loans, in 2007 the Federal Reserve had $1 trillion in government debt on their balance sheet....What could go wrong?
Posted on 3/13/23 at 12:26 pm to Keltic Tiger
quote:
as he knew he was in wayyyyy over his head; more so than usual.
He’s a prolific poster declaring economic collapse on TD??
Posted on 3/13/23 at 12:28 pm to FATBOY TIGER
quote:
Because of Joe Biden?
I didn’t declare his speaking “disturbing” or the least reassuring. You need to show evidence of that being a fact.
ETA: maybe it’s just bass tiger’s personal opinion and nothing more.
This post was edited on 3/13/23 at 12:29 pm
Posted on 3/13/23 at 12:33 pm to cwill
quote:
I didn’t declare his speaking “disturbing” or the least reassuring. You need to show evidence of that being a fact.
ETA: maybe it’s just bass tiger’s personal opinion and nothing more.
To be clear,
Joe Biden has nothing to do with any of this?
Posted on 3/13/23 at 12:33 pm to Bass Tiger
Biden has bumbled through crisis after crisis his entire term BUT what else was he supposed to do? He had to say something in an attempt to stall panic among the social media sheep and other uninformed. We cannot survive multiple banks failing bc of panicked bank runs.
Posted on 3/13/23 at 12:34 pm to Bass Tiger
quote:
We America First types hope and pray you're right and Jotato has this.
If he did manage to get this right, it would be the first thing he didn't muck up.
Posted on 3/13/23 at 12:34 pm to FATBOY TIGER
quote:
To be clear, Joe Biden has nothing to do with any of this?
I think the situation required a steadying comment from government. I can’t measure the individual affect, but markets are steady.
Posted on 3/13/23 at 12:35 pm to Bass Tiger
quote:No one owned as heavy of concentration as SVIB. I posted a chart earlier.
How many banks across the US are holding billions in low yield treasuries?
quote:Its a risk. But it has nothing to do with SVIB. And it’s been a risk for a long time.
In 2023 the Federal Reserve is carrying $8 trillion in government backed loans, primarily MBS and student loans, in 2007 the Federal Reserve had $1 trillion in government debt on their balance sheet....What could go wrong?
Posted on 3/13/23 at 12:40 pm to LSUGrrrl
quote:
Biden has bumbled through crisis after crisis his entire term BUT what else was he supposed to do? He had to say something in an attempt to stall panic among the social media sheep and other uninformed. We cannot survive multiple banks failing bc of panicked bank runs.
He just blamed it on the previous administration and gave himself and Obamy credit for shoring up the system.
We all knew something was going to tumble.
Posted on 3/13/23 at 12:44 pm to Bass Tiger
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