They will not use taxpayer funds for the bailout. They will use 2 other sources of funds for the bailout:
The FDIC is going to impose a special assessment on all other banks. That sounds good until you realize the banks are funded by their customers, so their customers will bear the burden.
The Fed will print more money. This devalues the dollar for everyone holding dollars.
So yeah, taxpayer funds will not be used, but we're going to stealthily take money from other bank customers and anyone holding dollars.
I agree. Most likely something similar to what you described.
Note that the "no bailout" narrative was immediately pushed in a coordinated way by at least 15 MSM outlets starting today (Sunday). This means it is likely a setup to get people to beg for a bailout so they can then say: "Well, we didn't think it was a good idea, but we were forced to do against our better judgement due to the nature of the emergency." Same BS play they ran in 2008 that they will TRY to run now.
However, I believe their BS play is going to get called out, and they will actually NOT get a bailout like they want. Some individual depositors may get "bailed out" in terms of getting some uninsured deposits back. But this looks like an EO13818 seizure of assets to me, just disguised as a bank failure for the normies. Now they have to sort out assets of the criminals (and CCP) from individuals that may have become collateral damage, and selective restoration of funds is a nice clean way to do that, imo.
No? Why? The movie has some weired plot twists, this is one of them. Whoever made the move, there will be some ripple effects. It's a fun ride, isn't it? Suspense, suspense. Hitchcock would be proud.
Join the club. It is intentionally being made confusing because they want to do it, but have limited options right now. Note HSBC bought SVB this morning for 1 British pound an assumption of all liabilities. One could regard this as a private sector bailout with FDIC backstop.
They know they will get skewered by 80% of Americans if they attempt to do an actual "bailout" of these elitist jackasses. So they may try a stealth bailout.
Too many Uber rich have money tied up in SVB. Especially the techies, lab research sites, and pharma corps(es), so don't expect her to keep her word. Those entities with money tied up in SCB and the bank in S.F. are almost ALL big time donors to the Dems. Money talks (bail us out, or else!), bullshit walks (no bailouts!). Give it another day or two and see.
Correct. They will TRY to do bailout, but cannot print money right now. So if they are able to pull off "bailout" it would be after debt ceiling raised, imo.
It sounds like some sort of backstop. I am with-holding judgement for a couple weeks to see what happens. Hard to figure out reality right away in a 5G Info War. A few days and some anons digging usually clarifies what is really going on.
My understanding is that SVB has a strong asset portfolio, more than enough to make the depositors whole. The problem was they didn't have enough short term liquidity / cash on hand. Something like this. It seems that it isn't a bailout with taxpayer money, so to speak.
March 12, 2023, 9:26 AM CDT; "Treasury Secretary Janet Yellen says no federal bailout for Silicon Valley Bank": https://www.nbcnews.com/politics/politics-news/treasury-secretary-janet-yellen-says-no-federal-bailout-silicon-valley-rcna74544
-Janet Yellen when asked if there would be bailouts similar to 2008
Technically true, but false
They will not use taxpayer funds for the bailout. They will use 2 other sources of funds for the bailout:
So yeah, taxpayer funds will not be used, but we're going to stealthily take money from other bank customers and anyone holding dollars.
And then raise taxes and interest rates on us. The banks will raise their fees, too. There's simply no way in Hell we don't foot these tabs.
Correct. Let's go Brandon!
I agree. Most likely something similar to what you described.
Note that the "no bailout" narrative was immediately pushed in a coordinated way by at least 15 MSM outlets starting today (Sunday). This means it is likely a setup to get people to beg for a bailout so they can then say: "Well, we didn't think it was a good idea, but we were forced to do against our better judgement due to the nature of the emergency." Same BS play they ran in 2008 that they will TRY to run now.
However, I believe their BS play is going to get called out, and they will actually NOT get a bailout like they want. Some individual depositors may get "bailed out" in terms of getting some uninsured deposits back. But this looks like an EO13818 seizure of assets to me, just disguised as a bank failure for the normies. Now they have to sort out assets of the criminals (and CCP) from individuals that may have become collateral damage, and selective restoration of funds is a nice clean way to do that, imo.
EO13818 info: https://www.presidency.ucsb.edu/documents/executive-order-13818-blocking-the-property-persons-involved-serious-human-rights-abuse-or
I want to believe justice is coming to wicked people. I'm just not there yet.
Thank you, fren
Have to believe it when they are tried publicly, convicted, and sentence carried out publicly. We need to see true justice carried out.
100%!!!
Yet here they are now promising to do just that
https://twitter.com/philippilk/status/1635045978666569729?
I am in fact, not entertained.
No? Why? The movie has some weired plot twists, this is one of them. Whoever made the move, there will be some ripple effects. It's a fun ride, isn't it? Suspense, suspense. Hitchcock would be proud.
Yellen's got some pipes!
From bench pressing J. Powell on a daily basis. /s
ha he
Join the club. It is intentionally being made confusing because they want to do it, but have limited options right now. Note HSBC bought SVB this morning for 1 British pound an assumption of all liabilities. One could regard this as a private sector bailout with FDIC backstop.
Arrests are entertaining.
KEK!...and public executions via hanging.
Bailout is a matter of whom is the bailee. Bailout depositors - Yes. Bailout shareholders - No.
It may be selective depositor bailout if said depositor is not involved in crimes and is just collateral damage.
SVB investors bailed out so the last picture with Yellen was yoinked by the deep state. Of course.
I think they have changed the definition of "bailout" as well. /s
I did not have “bailout” with that bank!
Clintonian “is” is defense 🤔
https://slate.com/news-and-politics/1998/09/bill-clinton-and-the-meaning-of-is.html
They know they will get skewered by 80% of Americans if they attempt to do an actual "bailout" of these elitist jackasses. So they may try a stealth bailout.
Too many Uber rich have money tied up in SVB. Especially the techies, lab research sites, and pharma corps(es), so don't expect her to keep her word. Those entities with money tied up in SCB and the bank in S.F. are almost ALL big time donors to the Dems. Money talks (bail us out, or else!), bullshit walks (no bailouts!). Give it another day or two and see.
Correct. They will TRY to do bailout, but cannot print money right now. So if they are able to pull off "bailout" it would be after debt ceiling raised, imo.
They just bailed out SVB.
It sounds like some sort of backstop. I am with-holding judgement for a couple weeks to see what happens. Hard to figure out reality right away in a 5G Info War. A few days and some anons digging usually clarifies what is really going on.
My understanding is that SVB has a strong asset portfolio, more than enough to make the depositors whole. The problem was they didn't have enough short term liquidity / cash on hand. Something like this. It seems that it isn't a bailout with taxpayer money, so to speak.
Let's hope that is the case. 1st I heard of them just out of liquidity. If I'm using the term correctly.