President Joe Biden - Kamala Harris Administration

#42,704
#42,704
rekinhavoc said:
Biden Tries To Pin Bank Collapse On Trump

Blame Trump time but .....


“Those claiming the bipartisan deregulation in 2018 was responsible for today’s collapse don’t understand stress testing nor fractional reserve banking. SVB collapsed because of the unrealistically low interest rates imposed by the Fed and gross fiscal mismanagement at the bank. For example, management sold off the bank’s interest rate hedges in December 2021 – assets which would have offset the bank’s losses today,” Antoni added.
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...but selling off those interest rate hedges in December 2021 was probably needed to lock in executive bonuses for the 2021 fiscal year, so you know how that goes!
 
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#42,707
#42,707
W.TN.Orange Blood said:
I'm surprised this idiot POS didn't blame his buddy Putin for the banks collapse ....
You'd never know he said this at the podium today bc he left the scene so quickly.

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If he had even a picogram of integrity, he would take responsibility for the state of things, but instead of owning his actions and in-actions, he just lazily deflects blame. I said this when he tried to enforce a COVID vaccine mandate, and I'll say it again: this is the worst president of my lifetime by light-years.
 
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#42,713
#42,713
NorthDallas40 said:
I already told you they’re out over their skis on that statement. They are within their power to sell the seized assets and disperse those funds to depositors. But if that comes in under 100% if deposits it’s unknown today how they can close that gap.
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“But if”?

What are you talking about, mane?

We already know the seized assets are not enough. They took a $1.8B kick to the nuts the other day just trying to sell off a piece of those assets.
 
#42,715
#42,715
Biden calls Florida laws targeting transgender people 'sinful' - and claims seeing two 'well-dressed men' kissing when he was in high school changed his views on gay marriage

Joe Biden seems to be preparing for a head-to-head presidential election with Gov. Ron DeSantis with new attacks on Florida laws that the president claims are 'sinful' against the LGBTQ community.

A clip released from Monday's episode of The Daily Show offered a sneak peek at Biden being interviewed by guest host Kal Penn at the White House.

Biden calls Florida laws targeting transgender people 'sinful' | Daily Mail Online
 
#42,719
#42,719
85SugarVol said:
“But if”?

What are you talking about, mane?

We already know the seized assets are not enough. They took a $1.8B kick to the nuts the other day just trying to sell off a piece of those assets.
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Actually no we don’t know that yet but based on the depressed value I’m expecting they will come up short. Remember banks are required to have reserves to cover losses and I havent seen a breakdown of if those reserves get consumed if the deposits are not covered. But it still isn’t clear right now the Feds can put the money where their mouth is.

Oh and that bailout you’re still whistling about has been stated, at least for now, to be funded by the same mechanism thst the FDIC is currently funded. So if you want to contend that FDIC insured banks are bailing out the SVD and Signature depositors I’ll agree to that. 😬
 
#42,724
#42,724
NorthDallas40 said:
Actually no we don’t know that yet but based on the depressed value I’m expecting they will come up short. But it still isn’t clear right now the Feds can put the money where their mouth is.

Oh and that bailout you’re still whistling about has been stated, at least for now, to be funded by the same mechanism thst the FDIC is currently funded. So if you want to contend that FDIC insured banks are bailing out the SVD and Signature depositors I’ll agree to that. 😬
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I was trying to broach this last night before you ran off to play game boy.

That fund is backstopped by the US Treasury.

When it only covers $.80 on the $1.00 - who is going to cover “the gap” that you have begrudgingly started alluding to? 😅
 
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#42,725
#42,725
hog88 said:
Don’t you have some Biden brown nosing to do over in the Ukraine thread?
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Nah this one is more fun watching y’all rubbing pearls bare over completely misstated information. For example that post of Hawley’s you replied to is complete horse **** on what was actually stated is going to happen. And doesn’t he get a vote if tax payer funds actually get spent here or not?
 
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