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.
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.