President Joe Biden - Kamala Harris Administration

#42,726
#42,726
NorthDallas40 said:
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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I don’t know if he does or not with this administration.
 
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#42,727
#42,727
85SugarVol said:
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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They’ve stated it will be additional premiums on the already in place mechanism of the FDIC insurance fees.

Look in the short term there clearly has to be a pool of money to draw from until assets or sold and these premiums are collected.

What do you want them to do going forward? Have a couple if trillion on hand just in case? 😂

And I’ve got 2:30 left before I run off to XBox again.
 
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#42,730
#42,730
NorthDallas40 said:
They’ve stated it will be additional premiums on the already in place mechanism of the FDIC insurance fees.

Look in the short term there clearly has to be a pool of money to draw from until assets or sold and these premiums are collected.

What do you want them to do going forward? Have a couple if trillion on hand just in case? 😂

And I’ve got 2:30 left before I run off to XBox again.
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And who do you think the banks will get that additional premium from?
 
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#42,733
#42,733
NorthDallas40 said:
They’ve stated it will be additional premiums on the already in place mechanism of the FDIC insurance fees.

Look in the short term there clearly has to be a pool of money to draw from until assets or sold and these premiums are collected.

What do you want them to do going forward? Have a couple if trillion on hand just in case? 😂

And I’ve got 2:30 left before I run off to XBox again.
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We can call it anything we want. Semantics.

Doesn’t matter. We both know SVB doesn’t have the assets to cover.

Who is going to cover the gap?
 
#42,734
#42,734
hog88 said:
And who do you think the banks will get that additional premium from?
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Oh BTW I got another email for a short notice investor Q&A call in conference from Goldman about an hour ago. I’m guessing you and @85SugarVol and quite a few have been blowing up their advisors inboxes and they’ve got to talk people back off the ledge
 
#42,736
#42,736
85SugarVol said:
We can call it anything we want. Semantics.

Doesn’t matter. We both know SVB doesn’t have the assets to cover.

Who is going to cover the gap?
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They’ve stated it’s the banks via additional insurance premiums ultimately. But for some reason everyone keeps walking right on by that. So I guess the fees you pay to your bank for their FDIC premiums will go up? What are you paying now if you don’t mind me asking?
 
#42,741
#42,741
NorthDallas40 said:
So I guess the fees you pay to your bank for their FDIC premiums will go up? What are you paying now if you don’t mind me asking?
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You keep going back to this. Does that make it Ok with you?

I have no idea how much of my MLGW bill goes toward corporate strippers and blowjobs - but I don’t want to pay for those either.

The fact that these increased costs to Banks, that will be passed on to Consumers, are “hidden” shouldn’t leave you warm and fuzzy.
 
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#42,742
#42,742
85SugarVol said:
Who pays increased costs? (*cough, additional premiums, cough*)
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So again can you tell me what fees you currently pay your bank to cover this?

Look man I know what I’m saying. Banks don’t want to see their profits erode I get that. However it’s a commodity product and honestly on the list of cost increases I’m worried about my banks pass thru fees to me for their FDIC premiums just don’t make the cut.

Oh and by the way remember where I said I was more worried about ATT screwing up my fiber install tomorrow than this stuff? Well I was right they cancelled because their side of the fiber is apparently screwed up so I’m in a holding pattern till they fix that!
 
#42,744
#42,744
85SugarVol said:
You keep going back to this. Does that make it Ok with you?

I have no idea how much of my MLGW bill goes toward corporate strippers and blowjobs - but I don’t want to pay for those either.

The fact that these increased costs to Banks, that will be passed on to Consumers, are “hidden” shouldn’t leave you warm and fuzzy.
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It’s like our back to back posts just passed in the either. Wear out your pearls if you like that’s up to you. Right now I’m not terribly worried on FDIC insurance premiums to the bank.
 
#42,749
#42,749
NorthDallas40 said:
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. 😬
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Thats sounds like some semantical BS that a Dem would say..and did
 
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