Yep, I'm torn too - first I had a double-take, "he said WHAT now?" and then I tried to look for the sneaky side, which could be that other rats are going to push these rats off the ship to take over.
Why did Biden just side with Republicans to kill the Dem’s DC crime bill?
Why does he renew Trump’s EOs?
Why does he say things on TV on stark contradiction to the Dem narrative, causing the White House to issue statements clarifying their position, and to disregard what Joe had just said?
Why does it seem like he’s INTENTIONALLY trying his best to act like a clown, falling up stairs, off his bike, whispering then screaming, letting inconvenient truths slip out, etc?
Whether it’s an actor, or the real guy, it doesn’t matter… I don’t believe the shit for brains act, he’s clearly intentionally sabotaging the Dem Party.
You know, it is possible that he could be shit for brains while also intentionally sabotaging. You can’t possibly tell me that you have watched the numerous publicly available historical clips of this guy and failed to notice that even in 1977 he was still retarded can you? This guy was the dumbest member of the senate we’ve ever had from 1972 until 2008 when he became the dumbest Vice President we have ever had. He’s a walking billboard advertising how retarded he is. Sometimes with words, other times with actions. How he has been taken seriously for over 50 years in politics is beyond a mystery.
The Potatus has many "talents" including a remarkable propensity to lie and make shit up anytime, anywhere and for any reason with not the slightest hint of shame. His lefty supporters haven't seen what we have, only a carefully curated set of photos and videos showing him in the best light.
As bad as the Potatus is, I still think Georgia's shining little gem, Rep Hank Johnson, takes first prize for being the all-time, dumber-than-a-rock (s)elected representative we've seen holding office. This is the man who was concerned that the island of Guam might tip over and capsize if too many troops were stationed there.
That's a classic! As a counterpoint, I think AOC and Maxine Waters could give ole Hank a run for his money. We need a gameshow called Retardoff. Asking politicians common knowledge information and find out who wins the Retard award.
He's an actor. He does prat falls, mumbles incoherently, shakes hands with thin air, gets turned around and lost while on stage, then delivers a perfectly cogent speech about bank failures.
Some of the same players of the Global Financial Crisis in 2008 were involved with SVB. They should have been put in jail but they were allowed to do it all over again. I have to say I agree with Biden on this one and that is literally the first time I’ve agreed with anything he’s said.
I got a better idea, how about all the officers of the failed bank were fiscally culpable and their earnings leading up to the failure were all seized in criminal proceedings to pay out the deposits of all the depositors, starting from the smallest accounts and working your way up, until they run out of money and holdings.
Its gonna work precisely THE OPPOSITE way of what it sounds like.
In 2008 when the worst of the worst BANKSTERS like Blankfein, Griffin, and the HUMAN SPRAY TAN Angelo Mozillo were nabbed up, for investing in ACTUAL COW DUNG like the Derivative Mortgage Backed Securities and so forth *Why wasn't something like this preferred up? Especially from the Dem side and people like
BAWNEE FWANK from his Masshole harem replete with sculpted beefcake pool boys, serving his fat ass grapes like he was a Greecian aristocrat?
Okay, probably got carried away there on Senator Frank but you get the idea: those guys put ACTUAL MONEY on the line in tremendously risky asset classes.
Now today, The Fed jacking rates up like LUNATICS COUPLED WITH BIDEN ADMIN SPENDING is what's caused this supposed "crisis". The assets on the balance sheet that they now have a 2T$ program to buyback are 10 Year and greater, up to 30 Year T BILLS! Bonds IN GENERAL, and specifically these U.S. Treasuries (as long as USD is de facto World Reserve currency) have ALWAYS BEEN the BEST IN CLASS hedge against inflationary pressures AND considered THE SAFEST THING TO DO with free cash flow for banks!
But now they are TOXIC. WHY? NOT THE BANKERS. THE PEOPLE WHO CONTROL THE ECONOMY. BIDEN AND HIS COHORT CAUSED THESE BONDS TO BECOME TOXIC! No banker in his right mind is going to sit around in cash earning 0 on the money. But SUDDENLY the SAFEST WAY TO PLAY gets all fucked up due to their own craziness!
Then to top it off THEY BLAME THE BANKERS FOR IT! And say there is a systemic risk, when NO SUCH THING would've happened without them coming out to FAN THE FLAMES of SVB and Signature!
So now this talk, EXACTLY SO THAT your little regional banks are NOT SAVED and go to the incinerator if JPM doesn't buy them. Thus OF COURSE they want to EXCISE ACTUAL Financial Professionals who DIDN'T DO ANYTHING WRONG while they CHAIN LINK the system together and make it 5 Big National Banks like Canada - with NO FORMER Finance people ALLOWED and to be replaced by HUCKSTERS and WOKE CEOs with NO FUCKING CLUE what they are doing.
The better to take orders, Mi Lord! We shall do as thy Federal Reserve commands! Let's see how many of these people Biden is mentioning have a f%##ing FRB chairmanship! Wanna bet its 0?! Cuz it will be.
This is just ANOTHER WAY of doing what they want to: clearing the deck and putting ONLY THEIR CONTROLLED PEOPLE in charge. Our "new bankers" will have Chinese surnames, one and all.
This is precisely the kind of communist shit that they have always wanted. While there is merit to the idea that executives shouldn’t get tens or hundreds of millions of dollars from corporations they ran into the toilet, there isn’t exactly an abundance of people who have the necessary skill set and abilities to run an entity that has trillions in assets.
If you wanted to purposefully tank the banking system, you’d want a law like this. That way, nobody remotely competent is interested in assuming the liability for running a large bank. Would rather go work in a different business and make the same money without the bullshit. When the fed itself is the primary reason for causing a leverage issue in the banks, why would you put your own ass and future on the line to be accountable for what you cannot control - fed monetary policy.
How about making them pay back their customers for the damage their incompetence caused? Or else spending the rest of their miserable lives in jail if they can't cover the damage?
Maybe at a minimum treat them as harshly as the average schlub who didn't want to be forcibly vaxxed...
Or they're pushing out their number one competitor to CBDC - banks that deal with crypto.
FedNow starts in July.
That is definitely a possibility.
Yep, I'm torn too - first I had a double-take, "he said WHAT now?" and then I tried to look for the sneaky side, which could be that other rats are going to push these rats off the ship to take over.
I certainly hope it's white hats, tho.
OR
Oorrrrrrr
Bare with me here out on a ledge :
It’s just lip service.
I know that’s a stretch, but it would be politics as usual.
Exactly.
He's just saying it.
Like his "true international effort to pressure and isolate China".
Empty words.
I will NOT bare with you, thank you very much! You haven't even bailed me out yet! Those goods are for me and the mirror!
You’re too poor to deserve a bail out
This was my first thought.
Why did Biden just side with Republicans to kill the Dem’s DC crime bill?
Why does he renew Trump’s EOs?
Why does he say things on TV on stark contradiction to the Dem narrative, causing the White House to issue statements clarifying their position, and to disregard what Joe had just said?
Why does it seem like he’s INTENTIONALLY trying his best to act like a clown, falling up stairs, off his bike, whispering then screaming, letting inconvenient truths slip out, etc?
Whether it’s an actor, or the real guy, it doesn’t matter… I don’t believe the shit for brains act, he’s clearly intentionally sabotaging the Dem Party.
You know, it is possible that he could be shit for brains while also intentionally sabotaging. You can’t possibly tell me that you have watched the numerous publicly available historical clips of this guy and failed to notice that even in 1977 he was still retarded can you? This guy was the dumbest member of the senate we’ve ever had from 1972 until 2008 when he became the dumbest Vice President we have ever had. He’s a walking billboard advertising how retarded he is. Sometimes with words, other times with actions. How he has been taken seriously for over 50 years in politics is beyond a mystery.
The Potatus has many "talents" including a remarkable propensity to lie and make shit up anytime, anywhere and for any reason with not the slightest hint of shame. His lefty supporters haven't seen what we have, only a carefully curated set of photos and videos showing him in the best light.
As bad as the Potatus is, I still think Georgia's shining little gem, Rep Hank Johnson, takes first prize for being the all-time, dumber-than-a-rock (s)elected representative we've seen holding office. This is the man who was concerned that the island of Guam might tip over and capsize if too many troops were stationed there.
https://youtu.be/cesSRfXqS1Q
That's a classic! As a counterpoint, I think AOC and Maxine Waters could give ole Hank a run for his money. We need a gameshow called Retardoff. Asking politicians common knowledge information and find out who wins the Retard award.
He's an actor. He does prat falls, mumbles incoherently, shakes hands with thin air, gets turned around and lost while on stage, then delivers a perfectly cogent speech about bank failures.
Easier to nationalize the banks?
Some of the same players of the Global Financial Crisis in 2008 were involved with SVB. They should have been put in jail but they were allowed to do it all over again. I have to say I agree with Biden on this one and that is literally the first time I’ve agreed with anything he’s said.
Its difficult to say I'd never agree with something anyone has ever said, but that is the case here. Just strange.
He didn't whisper it so it is meaningless.
https://www.axios.com/2023/03/17/biden-congress-penalties-bank-executives-svb
They just SAY shit. Watch what they DO.
Didn't I hear that the president of SVB was also president of Lehman Brothers?
I got a better idea, how about all the officers of the failed bank were fiscally culpable and their earnings leading up to the failure were all seized in criminal proceedings to pay out the deposits of all the depositors, starting from the smallest accounts and working your way up, until they run out of money and holdings.
It’s just virtue signaling. He’s not actually going to help make it happen.
Its gonna work precisely THE OPPOSITE way of what it sounds like.
In 2008 when the worst of the worst BANKSTERS like Blankfein, Griffin, and the HUMAN SPRAY TAN Angelo Mozillo were nabbed up, for investing in ACTUAL COW DUNG like the Derivative Mortgage Backed Securities and so forth *Why wasn't something like this preferred up? Especially from the Dem side and people like
Okay, probably got carried away there on Senator Frank but you get the idea: those guys put ACTUAL MONEY on the line in tremendously risky asset classes.
Now today, The Fed jacking rates up like LUNATICS COUPLED WITH BIDEN ADMIN SPENDING is what's caused this supposed "crisis". The assets on the balance sheet that they now have a 2T$ program to buyback are 10 Year and greater, up to 30 Year T BILLS! Bonds IN GENERAL, and specifically these U.S. Treasuries (as long as USD is de facto World Reserve currency) have ALWAYS BEEN the BEST IN CLASS hedge against inflationary pressures AND considered THE SAFEST THING TO DO with free cash flow for banks!
But now they are TOXIC. WHY? NOT THE BANKERS. THE PEOPLE WHO CONTROL THE ECONOMY. BIDEN AND HIS COHORT CAUSED THESE BONDS TO BECOME TOXIC! No banker in his right mind is going to sit around in cash earning 0 on the money. But SUDDENLY the SAFEST WAY TO PLAY gets all fucked up due to their own craziness!
Then to top it off THEY BLAME THE BANKERS FOR IT! And say there is a systemic risk, when NO SUCH THING would've happened without them coming out to FAN THE FLAMES of SVB and Signature!
So now this talk, EXACTLY SO THAT your little regional banks are NOT SAVED and go to the incinerator if JPM doesn't buy them. Thus OF COURSE they want to EXCISE ACTUAL Financial Professionals who DIDN'T DO ANYTHING WRONG while they CHAIN LINK the system together and make it 5 Big National Banks like Canada - with NO FORMER Finance people ALLOWED and to be replaced by HUCKSTERS and WOKE CEOs with NO FUCKING CLUE what they are doing.
The better to take orders, Mi Lord! We shall do as thy Federal Reserve commands! Let's see how many of these people Biden is mentioning have a f%##ing FRB chairmanship! Wanna bet its 0?! Cuz it will be.
This is just ANOTHER WAY of doing what they want to: clearing the deck and putting ONLY THEIR CONTROLLED PEOPLE in charge. Our "new bankers" will have Chinese surnames, one and all.
This is precisely the kind of communist shit that they have always wanted. While there is merit to the idea that executives shouldn’t get tens or hundreds of millions of dollars from corporations they ran into the toilet, there isn’t exactly an abundance of people who have the necessary skill set and abilities to run an entity that has trillions in assets.
If you wanted to purposefully tank the banking system, you’d want a law like this. That way, nobody remotely competent is interested in assuming the liability for running a large bank. Would rather go work in a different business and make the same money without the bullshit. When the fed itself is the primary reason for causing a leverage issue in the banks, why would you put your own ass and future on the line to be accountable for what you cannot control - fed monetary policy.
They are tanking the banking system now, not 5 years from now. The days of covert sabotage are long over.
Akin to him saying humans will build condos on Mars in 2024. Just more hot air. Nobody will ever be held accountable.
Just because a tiger purrs doesn't mean he won't bite. I'm sure they have some conniving angle saying such things.
Always more, never less with these fafin conts
I don't get it. This is exactly what they'd want. Replace with exactly who they want in control. They did it to GM during the bailout.
Is jail a good type of this “inclusion”?
Excluding them from the banking industry?
How about making them pay back their customers for the damage their incompetence caused? Or else spending the rest of their miserable lives in jail if they can't cover the damage?
Maybe at a minimum treat them as harshly as the average schlub who didn't want to be forcibly vaxxed...
Not when they get to choose which banks fail and which executives get punished.