231 Eric Swalwell: We need to bail out Silicon Valley Bank! (mobile.twitter.com) Karma Is a BITCH! posted 87 days ago by lsdQ 87 days ago by lsdQ +231 / -0 79 comments share 79 comments share save hide report block hide replies
Fuck that if it’s insured up to 250k then that’s it….you know that going in. Also did you bail out America when you hoodlums crushed middle America . Rot you. Pos
That is why you have multiple bank accounts of 250k if you are that rich.
these are business accounts. You can't cover biweekly payroll of a large company with 250k. Depositors should not have to worry about the stability of a bank. The equity holders should get screwed over but not the depositors. SVB should be liquidated by FDIC to pay out dividends to depositors.
if it can be paid for through a liquidation sure, help the depositors. But, it is a big HELL NO, to another tax payer funded bailout.
The banks shouldn't be bailed out but the customers should be paid out of the bankers pockets.
AND THERE IT IS. Matt Gaetz said come Monday morning that SVB would want the House of Reps to bail them out. And that they would come up with reasons to make the public nervous as to allow them the bail out money. Matt Gaetz said, "It's not going to happen.' We're already in debt and these rich people did it to themselves by making bad decisions. Never Again.
Glad to hear that. I'm pretty sure my own representative (Burchett, R-TN) will have the same attitude toward SVB. NO MORE BAILOUTS.
Oh yes. I love Burchett. Well you know I'm from Kentucky so Comer and Massie won't stand for it either.
Burchett speaks his mind so you never guess what he means. He got a reputation for being practical no matter how it looked in the press. He introduced a bill as a TN State representative that would allow you to keep roadkill. Everyone thought it was hilarious until a deer jumps in front of your car. That insurance deductible is easier to swallow with a little venison. When he was Mayor, he banned registered sex offenders from public libraries. The media leftists accused him denying these citizens their right to use the internet at tax payer funded facilities. He simply brushed them off by saying, "the perverts can go surf porn at a friends house.". These are the people we need to replace McConnell, Cheney, Romney, etc. Do what's right and forget what people will say. You will never satisfy the left by complying with their ideas.
Yes indeed, Burchett is definitely one of us. I recall being at a local gun show about a year ago, and lo and behold, right next to me was Burchett at the same table I was, examining a nice 1911 .45. We chatted briefly and I got a selfie with him... don't know if he bought the 1911 or not, but we both moved on after that.
The fact is that Dodd Frank Act made bail ins legal. Remember Greece’s collapse. The government simply took depositor’s money. The FDIC doesn’t have enough reserves to pay out all depositors.
Matt had a lot to say in his interview with Bannon. I hope he can sway his neocon warmongering colleagues and the democrats.
Yes he did. I have to catch Bannon between yelps and screams from a 2 and 4 year old playing or wanting something. But I get the majority of it when I watch Charlie Kirk repeat what I missed on Bannon.
The Bush bailout cost us dearly. Many people lost jobs, homes, and careers.
By depositing funds in a bank?
ROKU is a publicly traded company. If you have any tech stocks in your 401K good chance you're exposed. No one knows how many legit companies kept some/all of their operating funds at SVB. That means the express elevator goes all the way to the sub-basement where the little people and their 401Ks are.
They deposited at a bank that was over leveraged. That pretty much includes all of Wall Street.
I meant, Rich Bankers did it to the banks by making wrong decisions. I simply wrote it wrong. Sorry.
This is why this is happening now, and not pre-Midterms. When they had the House, they would've been bailed them out in a heartbeat. That likely won't be possible with a Republican House. We have reached a new marker and entered a new phase.
He left the I out of CA. Seems Israeli “startups” lost a lot too! The bank refused service to Andrew Torba. Kek
Bull shit, we do! We bailed out GM and Ford and what did they due? They took our money and donated to all of the Left Wing groups and causes. The answer is NO. No more bail outs. No more supporting foreign countries, the WHO, the UN, NATO, the J6 lies, election stealing, the IRS, all vaccines lies, the medical community, Big Business.
No bail INS either
We bailed out airlines in ‘20 and they were then beholden to the gov agenda. So we got masks on planes, vax’d pilots, DEI hires fast tracked to becoming pilots, and a rollback of pilot health (EKG) regulation.
If you had deposits exceeding the limit covered by the FDIC then you did so at your own risk. That’s why there’s a damn limit!
they first need to see about covering the accounts FOR the maximum set already. make sure the $250k is the for every account, and then make sure there is enough to cover any other bank that might suffer these same consequences before covering accounts for amounts that go above and beyond. I wonder if swallowswell has money in this bank, then what contributors of his have money in this bank.
He must have some Fang Fang money in SVB.
Likely most of his donors are uninsured account holders...
Too Late unless we can ask Zelensky for a loan.
Ok, then you are in trouble, little Eric. It get's worse, little Eric. Wait for it.
How many big name celebs and big tech execs have been texting you since this broke yesterday?
Maybe Swalwell should ask Zelensky for a loan?
I mean it sucks, but they know just like I know that anything over $250,000 isn’t insured. Thats the chance you take. That’s why many people have multiple accounts.
so save the wealthy, classic dems.
Start by seizing the SVB insiders assets that sold off their shares right before the collapse and distribute all of it the the depositers first you morons.
SVB is small in terms of the number of depositors which exacerbated the situation. Less than 40K. Saw this article that delves a little more into it.
Gee Ewic, maybe if you weren't so busy finding your next piece of ass and paying attention to your job and his district, maybe this could have been avoided.
(I don't think it could have been, but that fucker deserves to be trolled.)
Large in terms of amount of money, not number of depositors. Rumor has it the Prince & Princess of Canada have their money in that bank.
When I get frustrated and angry because "The Plan" is taking so long, I then realize how many new Traitors reveal themselves each day and realize how well "The Plan" is working and it gives me Peace.
Ask Zelenskyy and China you Sharting Reptilian!!
Let Ukraine help us out here. If they are truly our friend, then they will spare some of the money we sent them.
What an idiot. No wonder he got caught in a chinese honeypot.
So can anyone explain exactly what happened with SVB? Are they literally all out of money and still have outstanding deposits? Or did the regulators seize whatever assetts they had before they completely ran out.
I know the bank "failed" but what exactly failed about it and what happens when the regulators "seize" the bank"
And no on the bailout. Bailouts just cause even riskier behavior because theirs no consequence to failing. Hold the executives accountable.
This would be a nice dig. For starters:
"Too big to fail! Oh... and we're the party of the poor and working class!" Narrative fail.
This is exactly why the FDIC was enacted. These are all props in the the great ponzi scheme of the US government vs. the American people.
Woke bank bailouts? Pass.
BS on the too big to fail crap.
Who is 'we', if you are referring to the tax payers...'we' are broke. 31 trillion in debt.
I really hope that loves to swallow has large sums in that bank and he is losing his shirt.
SVB is in receivership, but we don't yet know how unbalanced the books are and that will be the real story.
It's trivial for a powerful group to run out a banks cash, but it doesn't necessarily mean they're banking improperly (in the debt-based money sense of proper).
In theory they should be able to sell all illiquid assets and zero out, so why is Swalwell already talking bailout? Why wasn't a sale of the bank arranged?
What dirt hasn't been released?
Same game plan that repeats. Last phase when they get the tax payers to foot the bill.
Do they still sell Beano?
does Eric identify as "we"? What is Eric's definition of "we" if not? We need tol hold these demoncrats accountable to the mess "THEY" created. Why shoud "We The People of the USA" pay for "their" mess?
Can’t that jerk get back to snort his coke of off Chinese spies’butthole?
Maybe he had some money in SVB and there is nothing left for the good stuff?
Yeah fuck that Mr. Fartwell
Exceeding $250K? No way Jose !
Oops, is that where Eric's bribe money/Chinese salary goes? And now he wants us to make up the difference? I don't think so!