Also you forgot the BOOZE!!with all the herb you smoke and sugar-rich foods you eat? Not a chance
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Also you forgot the BOOZE!!with all the herb you smoke and sugar-rich foods you eat? Not a chance
I wonder how on earth I ended up joining a EMO band with Caca. Seriously, how?! I guess that's what Northern_Shores will do to you if you dare criticize the almighty infinite market cap dollar.I'm just gonna glue this super funny post I made so it doesn't get lost
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I just cannot grasp why you guys are so obsessed with that crap.criticize the almighty infinite market cap dollar.
I'm not one bit obsessed with it. It's just trending because the money printer is on again. You seem kinda obsessed with it.I just cannot grasp why you guys are so obsessed with that crap.
Fuck that, keep up the America, Fuck Yeah posting as much as possible!Ok. No more dollar, inflation or Reddit macroeconomics.
People that say "let the banks fail" out of spite or class jealousy don't seem to appreciate the ramifications of bank failures. Runs on banks is one of the most psychologically contagious pathogens in existence, and can easily bring down the whole banking system. When that happens, the economy just shuts down. We all remember 2008 but read up on what went down in 1929-33.
It is of utmost importance that we do whatever it takes to keep the banking system alive and working. Of course tighter regulations and good management greatly reduce the need for the government bailing out their sorry asses!
I should start a bank. lol.
No consequences for utter complete negligence.
Your sort of thinking is the utter chickenshit that got us into this situation in the first place.
Zero spite or class jealousy here.
The FDIC should have let the banks fail and insured deposits up to 250K as they had promised.
Would there have been problems? Yes.
Would the country have come to a halt? No.
Would a vital lesson have been learned that would likely have ended in our financial system being more sound? Yes.
Now we have the Fed acting in a consequence free environment as the deposit insurer to trillions of dollars with no limits. It's fvcking insanity.
Since they've committed to bailing out the banks what happens when other industries, the states, cities, etc start clamoring for bailouts? Where will that money come from?
A return to QE and inflation taking off is going to be a much bigger problem than letting some banks fail.
Can you say PlumpJack?Yes.
Except I have massive amounts of spite and class antagonism, not jealousy.
fook em
Can you say PlumpJack?
Cheering Silicon Valley Bank Bailout, Gavin Newsom Doesn’t Mention He’s a Client
At least three of the California governor's wine companies are held by SVB, and a bank president sits on the board of his wife’s charity.theintercept.com
Pretty crazy to think the governor was on the horn to DC begging for a bailout of a bank he's intimately connected with.
I just learned you are an optimist at heart.Would a vital lesson have been learned that would likely have ended in our financial system being more sound? Yes.
Last couple weeks, top three dumped their stocksDid the bank's executives get phatty bonuses a la 2008 confirmed, or did Grampa Gubmint just go above/beyond $250k deposit insurance?
I was under the impression the C-suite, investors, and bond holders got it pushed in dry?
I like Northern Shores.Fair point, but I read and enjoy the Viking precisely BECAUSE i found Metalocalypse so entertaining. They's like peas n carrots
If that show never existed, it's very likely @Northern_Shores would never have existed either
you sound poor. Good thing you live in a country with a good social safety net.Ok. No more dollar, inflation or Reddit macroeconomics.
Got any hot stonkers?
I did throw in on the bank idea of @r32 :/ Coulda made some good money off of those I spent the day sorting out the portfolio after the last few days carnage. Had to throw out a bunch to keep the leeches at the online broker from selling my sh!t by force. Then buy in again today.
1. Jerome Powell said soJust curious - all of you that think the Fed is going to keep hiking - why do you believe this knowing that the Fed will just be causing more bank losses by doing so thus creating additional problems?
Fed hikes rates -> more banks losses -> banks come to Fed for cash -> Fed gives cash to banks = more inflation
This as BTFP is basically QE.
@vanrysss
He also said "there is no inflation" "inflation is transient" and "soft landing".1. Jerome Powell said so