Silicon Valley Bank Collapse

[ManofManyStangs]

I hope not. I don't think it will. But if Community Trust Bank or Central Bank were to collapse, do you think the Federal Government would step in to make the people in KY whole the way they did in California?

Not a chance I just moved a bunch of money over to CTBI from Truist. Trying to diversify just in case.

 

[wv67]

Haven’t you heard all of this will go away we are just all paranoid , and over reacting Biden won fair and square he’s the best prez since Obama fear not , all is well the economy is fine and growing

 

[B.M. Barrelcooker]

I’m going heavy on Bitcoin and Tesla.

 

[WildmanWilson]

Social dilemma.


As long as they are printing the cash and contriving the central bank none of that really matters. Top that with the fact that you pay taxes under the threat of fines or imprisonment you are already under their control.
This battle was lost long ago.

I just don’t think you are looking deep enough. The control the government will have over you goes to 100% unless you live off the grid and barter with chickens and vegetables. As much power you think the government has now is nothing compared to what it will be. And that bitcoin you have as a hedge will be made illegal and you have zero. It will be as worthless as confederate money if they implement government digital currency. Im just hoping we can hold them off as long as possible.

 

[B.M. Barrelcooker]

 

[drakeshooter]

 

[EC]

Remember the sodomite Bwaney Fwank? He was instrumental in the crash of Fannie Mae and the ‘08 real estate bubble.

Democrat Barney Frank Was Board Member at Collapsed Signature Bank​

Democrat Barney Frank Was Board Member at Collapsed Signature Bank

Democrat former Rep. Barney Frank (D-MA) was a member of the board at the collapsed Signature bank.

slaynews.com

 

[barney]

Lol.

https://www.tiktok.com/video/7210014701688835370

 

[EC]

Sure, you promise…

 

[drakeshooter]

Speaking of morons I’d hate to be shooting bourbon with.

 

[Regulator623]

View attachment 111228

 

[timer]

View attachment 111227

The large deposit benefactors (>$250,000 in deposits) have NO claim to the money. And even though JB claims that taxpayers aren't gonna be impacted, the fund that is being used is being drawn down and - if depleted - would require taxpayers to shoulder the burden. (I read somewhere that there is around $100B in the account and SVB's liabilities were over $200B. The statements that this fund is more than enough to cover the losses do not make sense to me....)

I'm not smart enough to determine if what the government did was the right thing to do. It could have slowed or even stopped a potential financial crisis. But it WAS a BAILOUT. And it is incredibly significant because the rich and politically powerful were the ONLY benefactors. Remember, anyone who had less than $250K in deposits did NOT benefit from this government action. And given where this particular bank was located, I'd bet that many of them were good friends with - and supporters of - Pelosi, Harris, Newsom and Biden. Can you imagine the MSM outcry if the bank that failed had been in Texas and had been bailed out by Bush?

 

[carnivore]

The large deposit benefactors (>$250,000 in deposits) have NO claim to the money. And even though JB claims that taxpayers aren't gonna be impacted, the fund that is being used is being drawn down and - if depleted - would require taxpayers to shoulder the burden. (I read somewhere that there is around $100B in the account and SVB's liabilities were over $200B. The statements that this fund is more than enough to cover the losses do not make sense to me....)

I'm not smart enough to determine if what the government did was the right thing to do. It could have slowed or even stopped a potential financial crisis. But it WAS a BAILOUT. And it is incredibly significant because the rich and politically powerful were the ONLY benefactors. Remember, anyone who had less than $250K in deposits did NOT benefit from this government action. And given where this particular bank was located, I'd bet that many of them were good friends with - and supporters of - Pelosi, Harris, Newsom and Biden. Can you imagine the MSM outcry if the bank that failed had been in Texas and had been bailed out by Bush?

Glad to see uncle joe ensuring the super rich get their fair share, lol
Hey @grouseguy what do you think of your dipshit president’s move here. Still think he’s for the little guy? I suggest you vote trump in 2024, I promise you he wouldn’t have done this.

 

[Gforcetrivers]

Haven’t you heard all of this will go away we are just all paranoid , and over reacting Biden won fair and square he’s the best prez since Obama fear not , all is well the economy is fine and growing

President Poopy Pants is covering everyones deposits no matter how much was in there. Except for the actual investors in the bank they loose EVERYTHING!

 

[Gforcetrivers]

The large deposit benefactors (>$250,000 in deposits) have NO claim to the money. And even though JB claims that taxpayers aren't gonna be impacted, the fund that is being used is being drawn down and - if depleted - would require taxpayers to shoulder the burden. (I read somewhere that there is around $100B in the account and SVB's liabilities were over $200B. The statements that this fund is more than enough to cover the losses do not make sense to me....)

I'm not smart enough to determine if what the government did was the right thing to do. It could have slowed or even stopped a potential financial crisis. But it WAS a BAILOUT. And it is incredibly significant because the rich and politically powerful were the ONLY benefactors. Remember, anyone who had less than $250K in deposits did NOT benefit from this government action. And given where this particular bank was located, I'd bet that many of them were good friends with - and supporters of - Pelosi, Harris, Newsom and Biden. Can you imagine the MSM outcry if the bank that failed had been in Texas and had been bailed out by Bush?

Banking fees will go up and up!