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re: POTUS tells US to have confidence in banks after 2 collapse
Posted on 3/13/23 at 12:03 pm to OweO
Posted on 3/13/23 at 12:03 pm to OweO
quote:Being lectured at by the guy who swallowed the propaganda, all of it, for the previous 6 years.
Same goes for people like you with this bullshite. Propaganda within our own government is an enemy to the citizens of this country.
0
Posted on 3/13/23 at 12:04 pm to SlowFlowPro
Dude, you realize that depending on the context Treasuries or any other long duration bond can be extremely risky, right?
Posted on 3/13/23 at 12:05 pm to member12
quote:
*POTUS
FIFY
Posted on 3/13/23 at 12:08 pm to 0
quote:
What was he supposed to say?
"I'm sorry for fricking everything up and I and my retarded vice president immediately resign" would do.
Posted on 3/13/23 at 12:08 pm to SloaneRanger
quote:
Dude, you realize that depending on the context Treasuries or any other long duration bond can be extremely risky, right?
Especially if you are a retail bank that needs at least to carefully manage liquidity in a regional market that is very cyclical.
This post was edited on 3/13/23 at 12:09 pm
Posted on 3/13/23 at 12:09 pm to Scruffy
quote:sorry you missed out on dat cash homie
The stock market is currently down. Or, at least, even.
Posted on 3/13/23 at 12:19 pm to OweO
quote:
If it was someone in office you liked you would be all "he knows what he is doing, etc, etc". They all say the same bull shite. What the frick you want him to say "We are fricked god damn it! Everybody take all their money out of everything and operate on nothing but cash for awhile!", but I am sure the politics board is discussing this so why post this shite here?
Yup let’s all trust the guy that gives handshakes to air.
Posted on 3/13/23 at 12:22 pm to BabyTac
quote:why would you keep 350k in a checking account?
I withdrew 100k from my checking account yesterday to get the balance under $250k. It’s going to take a couple of days but feel better with a duffel bag full of cash than trusting any bank.
Posted on 3/13/23 at 12:25 pm to SlowFlowPro
quote:
SVB didn't fail because of its balance sheet
They had a bank run. No bank on Earth could survive that.
This is a psychological crisis, not a financial one.
Yes, but I’d be interested in knowing the maturity times on those by percentage of holding. Too many long term is risky, especially with how the fed interest rates have been managed over the last several years.
Posted on 3/13/23 at 12:26 pm to dewster
quote:
The good thing to come out of this is that there's pressure to slow down rate hikes from the fed.
Except they already said they want to raise a half point this month, and more raises to come. Do you doubt their arrogance?
Raising it another point or two gives all the financial institutions a chance to lock down high returns for a long time.
Posted on 3/13/23 at 12:28 pm to member12
quote:
POTUS tells US to have confidence in banks after 2 collapse
I really wasn't worried at all until I found out he's going to 'fix' it
Now I'm thinking my $22 isn't safe and I need to withdraw it immediately
Posted on 3/13/23 at 12:30 pm to member12
quote:
IMO the real culprits are the bankers that made risky decisions, followed by the corporate finance teams that wasn't watching them.
They’re losing their jobs and shareholders getting zeroed out. Markets appear steady.
Posted on 3/13/23 at 12:31 pm to BabyTac
I have over 30 accounts spread over six banks and as much of a pain in the arse as this is I’ll probably add another dozen accounts spreading it around to other banks. If anyone wants a new toaster over let me know.
Posted on 3/13/23 at 12:34 pm to member12
quote:
IMO the real culprits are the bankers that made risky decisions, followed by the corporate finance teams that wasn't watching them.
The Federal Home Loan Bank system is who is responsible because these assholes were not regulating.
Posted on 3/13/23 at 12:36 pm to member12
Part of government's job is to lie to us for our own good.
Posted on 3/13/23 at 12:40 pm to SlowFlowPro
quote:
the real culprits are the bankers that made risky decisions
buying US treasuries?
Yea the real culprit is artificially low rates for so long followed by money printing by both parties
Posted on 3/13/23 at 12:42 pm to stout
quote:
Yea the real culprit is artificially low rates for so long followed by money printing by both parties
And spending it
This post was edited on 3/13/23 at 12:42 pm
Posted on 3/13/23 at 12:43 pm to MrLSU
quote:
I have over 30 accounts spread over six banks and as much of a pain in the arse as this is I’ll probably add another dozen accounts spreading it around to other banks. If anyone wants a new toaster over let me know.
Do they have the kind that fries an egg for you while it makes toast?
Posted on 3/13/23 at 12:43 pm to member12
quote:
“Your deposits will be there when you need them,” Biden said.
I wasn’t worried much at all until I read this. When has this moron said anything truthful, like, ever?
Posted on 3/13/23 at 1:04 pm to Putty
His administration is now blaming social media for the collapse of Signature and SVB because people withdrew money.
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