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re: All this bank hysteria reminds me of the cray toilet paper crisis during China Virus hype
Posted on 3/13/23 at 9:23 pm to DCtiger1
Posted on 3/13/23 at 9:23 pm to DCtiger1
quote:We don't have to go back that far to know that the current situation is quite bad. It's made even worse by Joey and Janet holding the levers. I don't even want to look at what the markets did today.
Nothing about the current financial situation is overblown
quote:So who in the frick is going to be funding this? He really is one dumb, senile son-of-a-bitch.
Biden directly explained to the public what exactly he has instructed his administration to do to protect small businesses and workers, including backstopping depositors’ funds, taxpayers not being on the hook for these moves, holding those responsible accountable and not extending relief to investors of Silicon Valley Bank.
1
Posted on 3/13/23 at 9:30 pm to MSUDawg98
quote:
I don't even want to look at what the markets did today.
The markets are bad but that doesn't mean the situation is bad.
Banks should be doing well now that there are higher interest rates provided they managed risk over the last few years with their fixed income investments. The two banks that failed were likely not typical in that they sucked in that respect.
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