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Started By
Message
I can’t stop being angry about this SVB thing and Yellen makes it worse
Posted on 3/19/23 at 10:20 am
Posted on 3/19/23 at 10:20 am
Lankford v Yellen
Not sure if we discussed this clip, but Lankford successfully demonstrated the whole problem with this.
The centralization of everything from the products we buy, to the storage of our data in the “convenient” cloud (don’t even start me on this bullshite), to the storage of our money in 4 banks - provides too much power to “private” entities beholden to no government- but that actually run the government.
It is how they unperson you.
It is dangerous and I fear it’s too late to stop it.
Plus I still can’t believe my small bank is about to have to pay back fricking Oprah and a bunch of Chinese Communists.
It makes me want to pull all my hair out and move off the grid. If I were good at keeping plants alive, I probably would.
I want nothing to do with Big Banks, Big Tech, Big Government, Big Business, or Big Law.
Not sure if we discussed this clip, but Lankford successfully demonstrated the whole problem with this.
The centralization of everything from the products we buy, to the storage of our data in the “convenient” cloud (don’t even start me on this bullshite), to the storage of our money in 4 banks - provides too much power to “private” entities beholden to no government- but that actually run the government.
It is how they unperson you.
It is dangerous and I fear it’s too late to stop it.
Plus I still can’t believe my small bank is about to have to pay back fricking Oprah and a bunch of Chinese Communists.
It makes me want to pull all my hair out and move off the grid. If I were good at keeping plants alive, I probably would.
I want nothing to do with Big Banks, Big Tech, Big Government, Big Business, or Big Law.
17
Posted on 3/19/23 at 10:36 am to Wednesday
Janet Yellen and her entire family are lifelong ivy league university professors. The absolute worst possible people you want with their hands on centralized power.
Posted on 3/19/23 at 10:41 am to Wednesday
Would you like the government to insure all depositors fully, regardless of systemic risk factors or protect none above the 250k threshold?
You can still bank w your community bank, you just have to manage your exposure.
You can still bank w your community bank, you just have to manage your exposure.
Posted on 3/19/23 at 10:43 am to Wednesday
quote:
If I were good at keeping plants alive, I probably would.
I feel your pain.
Posted on 3/19/23 at 10:47 am to Wednesday
Does anyone have confidence in meemaw Yellen?
Posted on 3/19/23 at 10:50 am to cwill
quote:
You can still bank w your community bank, you just have to manage your exposure.
Unless you're a close enough confidant of the elite DC community.
Posted on 3/19/23 at 10:55 am to tiggerthetooth
Basically, she states what we all know; they bailed out the “ special “ interest of this administration, but insinuates that everyone else is at risks, especially if you have more than $250 grand in any account. Let the bank runs in those accounts commence
Posted on 3/19/23 at 10:56 am to Wednesday
Decentralization is their biggest threat.
DC needs to be neutered and bureaucracy scattered to the 4 corners of the country.
DC needs to be neutered and bureaucracy scattered to the 4 corners of the country.
Posted on 3/19/23 at 11:01 am to Wednesday
I don't care much for yellen. She is a Brown graduate and from what I have read about her she has never had a real job in her life. She has never owned a private business or had to meet a payroll.
I do not trust her.
I do not trust her.
Posted on 3/19/23 at 11:07 am to L1C4
quote:
Does anyone have confidence in meemaw Yellen?
I can't stand her and no, I have ZERO confidence in her doing the right things.
Posted on 3/19/23 at 11:20 am to cwill
quote:
Would you like the government to insure all depositors fully, regardless of systemic risk factors or protect none above the 250k threshold?
No.
I don’t want them to insure all the special and important depositors at SVB either
Posted on 3/19/23 at 11:30 am to Wednesday
quote:
I don’t want them to insure all the special and important depositors at SVB either
What about all the normal non-important depositors? Let the teachers pension fund get fricked too?
Then what do you do with all the assets?
Posted on 3/19/23 at 11:35 am to Wednesday
Imagine if it had been East Palestine Bank.
Posted on 3/19/23 at 11:56 am to cwill
quote:
Would you like the government to insure all depositors fully, regardless of systemic risk factors or protect none above the 250k threshold?
You realize you’re the one insuring depositors, not the federal government, right?
Posted on 3/19/23 at 12:29 pm to billjamin
What is the rule - should be the rule for everyone.
This whole SVB Thing is a perfect example of rules for thee but not for me.
This whole SVB Thing is a perfect example of rules for thee but not for me.
Posted on 3/19/23 at 12:33 pm to Wednesday
I listened to some of that QA with Yellen and that shite was not only shocking it was depressing. That incompetent woman was the Fed Chairman. I keep telling people to recall the past, remember the players, and connect the dots. Is it any wonder this nation is facing a potential bank system meltdown and a sovereign debt crisis when people like Yellen are steering monetary policy?
Posted on 3/19/23 at 12:36 pm to cwill
Rules don't matter to the DEMS.....they change them as they go to benefit the narrative and the vote, period.
No one can debate this fact!
No one can debate this fact!
Posted on 3/19/23 at 12:39 pm to Wednesday
It all goes back to “let a liberal/democrat touch it and it all goes to schite”, phrase again.
Posted on 3/19/23 at 12:51 pm to Bass Tiger
quote:
I listened to some of that QA with Yellen and that shite was not only shocking it was depressing. That incompetent woman was the Fed Chairman. I keep telling people to recall the past, remember the players, and connect the dots. Is it any wonder this nation is facing a potential bank system meltdown and a sovereign debt crisis when people like Yellen are steering monetary policy?
I think the scariest part of Yellen's testimony was she stating that going forward she and the President will decide who gets bailed out. Damn I missed that part in the Constitution of in federal law.
Maybe Wednesday can find that for us.
I do, by the way, think she is one of the smartest and most grounded posted here.
Posted on 3/19/23 at 1:00 pm to Wednesday
quote:you could learn to do plants, love
It makes me want to pull all my hair out and move off the grid. If I were good at keeping plants alive, I probably would.
This post was edited on 3/19/23 at 1:00 pm
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