- Aug 14, 2009
Maybe ole Joe ,can get Ukrainian president ,to loan some to the banks ,with a low interest rate.
Or get him to play a tune on his pecker piano...Maybe ole Joe ,can get Ukrainian president ,to loan some to the banks ,with a low interest rate.
Massie is all mouth ... nothing more than an attention whore like Paul & Comer. True embarrassments to KY ... all bitch and no solutions.View attachment 111238
@grouseguy Seriously, why dont you comment on this? Surely you aren’t a elitist hypocritical coward.
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Well, I suppose I could have found some dumbass off topic, hate filled tweet to link.Smh, give the moron an opening and he uses 4 paragraphs.
Well, I suppose I could have found some dumbass off topic, hate filled tweet to link.
Up 1% on Bitcoin and 5% on Tesla today.I’m going heavy on Bitcoin and Tesla.
The depositors who benefited all had over $250K on deposit in the bank. This isn't Ma and Pa Kettle who didn't have the means to understand the riskiness of the business model and that the bank was on thin ice.Massie is all mouth ... nothing more than an attention whore like Paul & Comer. True embarrassments to KY ... all bitch and no solutions.
As for the action President Biden took ... I agree with it from a basic right vs. wrong perspective. The depositors didn't do anything wrong other than choosing the wrong bank. As I said earlier, this is simply a case of a risky business model coupled with mismanagement. Therefore, since usually most of the stock is held by upper management and the BoD, I approve of protecting the depositors while allowing the investors to take the hit.
It also had the side benefit of cooling off the situation that likely prevented other knee jerk reactions from other depositors at other banks.
I was out of banking for many years before the 2018 deregulation occurred, so I have no first hand knowledge of how this played into everyday management decisions, but from nearly 3 decades of prior experience, I can say that deregulation is a terrible concept in the financial sector, because it completely excludes the most potentially volatile variable ... GREED!!!