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Everything posted by Gene Frenkle
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You are so brainwashed. The adults are talking about complicated things now. I believe you may be more comfortable in the Desantis or Tucker threads. Maybe there's even a Hunter Biden laptop conversion you could contribute to.
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You guys are idiots with your BS Fox News crap. This happened because of greed, plain and simple.
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I want a national divorce. Best of luck. The casino never responds how it should. Rigged game, my friend.
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Then again, your favorite boy did make this possible by repealing parts of Dodd-Frank. They are all your enemy no matter what Tucker says.
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The problem, apparently, is that they bought long-term debt that lost value and they couldn't get out of without taking a huge loss. Kind of like "Oh, we're sure interest rates will remain at 0% for the next 10 years, so we should base our risk analysis around that and make lots of money". What could go wrong? No schitt dummass, they are all corrupt. Plenty of greedy blame to go around. This is rich vs. poor, not left vs. right.
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I mean, they weren't very smart with their money, I guess. Still, Forbes just named SVB the best bank in the country for 2023, so how does one safely navigate this mess? This is 100% on our overleveraged banking system and they deserve to fail and likely see prison time for some of it. People/companies banking with them are mostly just collateral damage.
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I don't think FDIC has enough to cover it, even with its borrowing ability. Like not even close. I'm sure the taxpayers won't be stuck with the bill again. /s A lot of them will be business accounts. SVB was big into financing startups.
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And only guarantees deposits up to $250K per account. With both SVB and Signature Bank, that covers less than 10% of all deposits.
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And there goes bank number 2. Who's next?
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Did he not repeal the regulations that would have prevented this after SVB lobbied for it? How is that fact knee-jerk?
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F em all
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@B-Man SVB failed because they made risky long-term bets at 0% interest rates and weren't prepared for the Fed to raise rates so quickly to combat inflation. Guess what...they're not the only one. This is Wall Street getting addicted to free money and thinking it would never end. Their risk is all interconnected too. This has been brewing since 2008. I say eff em this time. Bail nobody out and let them fail like they should. The days of privatized gains and socialized losses need to end now.
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It's all about to come crashing down. No bailout for SVB, says Yellen. Monday will be a bloodbath.
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Personally, I don't listen to any of them. In this case, we have hard evidence. There's the difference. Facts and evidence do matter to me. And there's the ever blissfully-ignorant @B-Man, right on cue.
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My only exposure to Tuck is through @B-Man posts, and the Dominion lawsuit. That's where they show text messages from him saying he doesn't actually believe what he's telling you. Tucker knows it's ok to lie to you because his viewers are stupid and will watch regardless, because he's telling them what they want to hear. Facts never matter with such people.
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This thread is gold. Tucker Carlson lies to you all of the time because he knows you are dumb.
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They're obsessed with proving that the "leftists" are doing the same things, so that they can rationalize it all to themselves. That's where 90% of their cONsPiRaCy theories come from.
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Whatever makes em feel all warm and fuzzy I guess...sad.
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The worst thing that's happening in your life is that you continue to let Tucker lie to you every day.