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Now Bank Bailouts - What is Next
Posted on 3/14/23 at 8:37 am
Posted on 3/14/23 at 8:37 am
I am amazed that the Federal Government can do anything they want despite laws and regulations.
Deposits are only protected to $250,000. Yet the Government is using FDIC Money (which is fake money as the Government doesn't have any actual surplus money) to pay hundreds of millions to SVB depositors.
This will have the net effect of printing more fake money and increasing the debt and increasing inflation (taxing the poor). (Also not being able to pay "me" my $250,000 when my bank folds.
This Government keeps avoiding a complete meltdown of Wall Street at every turn.
Everything is being held up with smoke/mirrors and thread. (Ukraine, Border Illegals, Inflation, Bank Bailouts, No Debt Ceiling, Socialist Agendas etc.)
Just wondering when the seam finally breaks.
Deposits are only protected to $250,000. Yet the Government is using FDIC Money (which is fake money as the Government doesn't have any actual surplus money) to pay hundreds of millions to SVB depositors.
This will have the net effect of printing more fake money and increasing the debt and increasing inflation (taxing the poor). (Also not being able to pay "me" my $250,000 when my bank folds.
This Government keeps avoiding a complete meltdown of Wall Street at every turn.
Everything is being held up with smoke/mirrors and thread. (Ukraine, Border Illegals, Inflation, Bank Bailouts, No Debt Ceiling, Socialist Agendas etc.)
Just wondering when the seam finally breaks.
6
Posted on 3/14/23 at 8:39 am to Sail33or
This isn’t really a “bailout.” They are not doing anything for the investors and the banks will be closing. They are liquidating assets to allow depositors to reclaim their money.
And FDIC money is not public money, its paid by the fees from banks around the country that are members of the FDIC
And FDIC money is not public money, its paid by the fees from banks around the country that are members of the FDIC
This post was edited on 3/14/23 at 8:57 am
Posted on 3/14/23 at 8:41 am to Sail33or
It is simply funneling money into leftist operations.
Posted on 3/14/23 at 8:44 am to Sail33or
quote:
What is Next
Nationalizing the banks.
Posted on 3/14/23 at 8:45 am to IT_Dawg
quote:
This isn’t really a “bailout.” They are not doing anything for the investors. They are liquidating assets to allow depositors to reclaim their money.
I’m not that knowledgeable in the world of finance, but if they liquidated all the assets I don’t think they have enough money to cover all the deposits. So yes, guaranteeing the deposits above $250,000 is a bailout of the depositors.
Posted on 3/14/23 at 9:06 am to IT_Dawg
quote:
This isn’t really a “bailout.”
Posted on 3/14/23 at 9:12 am to Sail33or
quote:
What is Next
Unrealized capital gains tax on immovable assets. Your house goes up say $30,000 on paper without you selling it, they still want you to add that $30k to your 1040. I always thought this was a laughable idea, no way it could happen, but after the last 2 years I'm not so sure anymore. If Jotato or Kamala wins in '24, all bets are off with these types of socialist and draconian regulations and 180k new IRS field agents.
Posted on 3/14/23 at 9:15 am to ChEgrad
quote:
I’m not that knowledgeable in the world of finance, but if they liquidated all the assets I don’t think they have enough money to cover all the deposits. So yes, guaranteeing the deposits above $250,000 is a bailout of the depositors.
? So selling all the Treasure bonds where the money was sitting, selling off assets, will not cover the depositors their money??
Posted on 3/14/23 at 9:20 am to Tomatocantender
quote:
Unrealized capital gains tax on immovable assets. Your house goes up say $30,000 on paper without you selling it, they still want you to add that $30k to your 1040. I always thought this was a laughable idea, no way it could happen, but after the last 2 years I'm not so sure anymore. If Jotato or Kamala wins in '24, all bets are off with these types of socialist and draconian regulations and 180k new IRS field agents.
We already have it in the form of property taxes imo the most insidious tax in existence. It’s so bad that the federal government is actually jealous of the power of local jurisdictions to pull of this swindle..
Posted on 3/14/23 at 9:23 am to midnight orange
quote:
We already have it in the form of property taxes imo the most insidious tax in existence.
Yes, but most states I'm assuming (Louisiana I know for sure) at least gives you a homestead exemption on primary residence. These unrealized paper gains taxes, if the Dems get their way, will make parish/county property taxes look like child's play/small fries by comparison.
Posted on 3/14/23 at 10:01 am to Tomatocantender
Property tax already is a government fraud on property owners.
Notice how it never really decreases even in crashes like 2008. It only goes up.
Notice how it never really decreases even in crashes like 2008. It only goes up.
Posted on 3/14/23 at 10:11 am to Sail33or
quote:Nope
Deposits are only protected to $250,000. Yet the Government is using FDIC Money (which is fake money as the Government doesn't have any actual surplus money) to pay hundreds of millions to SVB depositors.
Posted on 3/14/23 at 10:12 am to ChEgrad
quote:You're partially right. The long-term treasuries the bank holds as collateral for the deposits are not currently at a price that would cover all deposits. If they hold them maturity, they will be. So, the govt (the entity already on the other side of the treasuries) is simply swapping out the long-term securities for short-term securities of equal par value so that it can just be done now.
I’m not that knowledgeable in the world of finance, but if they liquidated all the assets I don’t think they have enough money to cover all the deposits. So yes, guaranteeing the deposits above $250,000 is a bailout of the depositors.
Posted on 3/14/23 at 10:22 am to Big Scrub TX
I don't think many people realize how these deposits impact them. It feels like most people just assume this is a bunch of woke assholes, VC/PE and rich tech bros money, so frick them.
But in reality, when you look at the real indirect exposure it's everyone with an insurance policy, pension, etc.
But in reality, when you look at the real indirect exposure it's everyone with an insurance policy, pension, etc.
Posted on 3/14/23 at 10:24 am to billjamin
quote:I'm sure the average depositor at SVB would not fit in on TD.com. Having said that, what idiots are actively down for a full fledged bank panic?
Now Bank Bailouts - What is Next
I don't think many people realize how these deposits impact them. It feels like most people just assume this is a bunch of woke assholes, VC/PE and rich tech bros money, so frick them.
But in reality, when you look at the real indirect exposure it's everyone with an insurance policy, pension, etc.
Posted on 3/14/23 at 10:34 am to Big Scrub TX
quote:
The long-term treasuries the bank holds as collateral for the deposits are not currently at a price that would cover all deposits. If they hold them maturity, they will be. So, the govt (the entity already on the other side of the treasuries) is simply swapping out the long-term securities for short-term securities of equal par value so that it can just be done now.
This.
The fed will basically pay $1 for $1 of par value treasury bonds that are currentlhy trading at 60 cents. The fed will then just hang on to them until maturity, at which time they will redeem them and will be made whole.
It may take 10-20 years to unwind, but the government, in the end, won't be out any money.
Posted on 3/14/23 at 11:04 am to LSUFanHouston
Posted on 3/14/23 at 11:28 am to IT_Dawg
quote:
So selling all the Treasure bonds
The bank was doing that before the collapse trying to raise capital, and taking a 40% loss on those bonds.
Posted on 3/14/23 at 11:32 am to SingleMalt1973
All FDIC bank fees (which is all banks) will be going up. That money will be paid by those who use FDIC banks and not "taxpayers"
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