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Joe Biden: Thanks to My Administration ‘the Banking System is Safe’
American Greatness ^ | 13 Mar, 2023 | Debra Heine

Posted on 03/14/2023 5:05:47 AM PDT by MtnClimber

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1 posted on 03/14/2023 5:05:47 AM PDT by MtnClimber
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To: MtnClimber

Of course Joe blames this on Trump.


2 posted on 03/14/2023 5:05:59 AM PDT by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: MtnClimber

uh huh, The Trump thing doesn’t work anymore Joey. You have been doing all the bumbling for well over two years now. You got rid of Trump’s policies and you just happened to miss one?


3 posted on 03/14/2023 5:11:18 AM PDT by dforest (All of America has derailed.)
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To: MtnClimber

So which is it Slow Joe,... is it Trumps fault they are so bad? Or your fault they are so good?


4 posted on 03/14/2023 5:11:29 AM PDT by Mr. K (No consequence of repealing Obamacare is worse than Obamacare)
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To: MtnClimber

Bidens Billionaire Bailout, what a frikkin joke. FU Brandon, NOBODY at this bank deserves anything but a LOSS for their stupidity and greed.,


5 posted on 03/14/2023 5:15:48 AM PDT by eyeamok (founded in cynicism, wrapped in sarcasm)
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To: MtnClimber

This is truly one of the most delusional people on the planet.


6 posted on 03/14/2023 5:17:53 AM PDT by neverevergiveup
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To: MtnClimber
“No losses will be borne by the taxpayers,” he said. “Instead, the money will come from the fees that banks pay into the Deposit Insurance Fund.”

Sometimes, I honestly can't decide whether Dementia Joe is just incredibly stupid, or just the biggest liar on the face of the earth.

I guess it's possible, and actually quite likely, that he is both in equal measure.

7 posted on 03/14/2023 5:19:06 AM PDT by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: MtnClimber

I’m sure Hunter could just sell a few paintings and bail out the whole banking system.


8 posted on 03/14/2023 5:20:35 AM PDT by neverevergiveup
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To: MtnClimber

Oh crap …. If pedojoe says it’s safe ….. Katie BAR THE DOOR


9 posted on 03/14/2023 5:20:40 AM PDT by no-to-illegals (The enemy has US surrounded. May God have mercy on them.)
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To: Sicon

Here’s a crazy idea: how about the cost is borne by the incompetent morons who mismanaged their customer’s funds? I’m sure at least some of the bank’s employees have some very nice properties and other assets that could be liquidated.


10 posted on 03/14/2023 5:21:13 AM PDT by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: MtnClimber
So Joe is going to ignore the hand he played in the demise of these two banks. Surprise -- not. He (or more importantly, his handlers) do not recognize the Law Of Unintended Consequences.

Just as his urge to "tax the corporations" will cause an upward shove in consumer prices if and when it's enacted.

11 posted on 03/14/2023 5:22:48 AM PDT by asinclair (What doesn't kill you makes you stronger)
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To: MtnClimber

I wonder if he even realizes what he did? He set a new precedent by making SVB depositors 100% whole, overriding the 250k insurance limit.

He said the funds would come from the FDIC insurance pool, which would normally cover just 250k per depositor.

Let the good times roll!


12 posted on 03/14/2023 5:22:59 AM PDT by CodeJockey ("The duty of a true Patriot is to protect his country from its government.” –Thomas Paine)
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To: MtnClimber

The problem was and is banks invested long term in absurdly low interest income bonds.


13 posted on 03/14/2023 5:23:14 AM PDT by Brian Griffin
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To: CodeJockey

Only payroll debits should be covered on over limit accounts.


14 posted on 03/14/2023 5:24:43 AM PDT by Brian Griffin
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To: MtnClimber

Your money is as secure as the USA’s border!

The efforts to shore up the banking system will be as effective as the Covid “vaccine”.

Hunter is honest and trustworthy.

Men are women!


15 posted on 03/14/2023 5:25:17 AM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
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To: Brian Griffin

Yes but with near zero interest rates for the past decade and inflation on the horizon even Stevie Wonder could have seen this coming. And he’s not a banking expert.


16 posted on 03/14/2023 5:25:40 AM PDT by CodeJockey ("The duty of a true Patriot is to protect his country from its government.” –Thomas Paine)
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To: Sicon

FDIC fees are probably absurdly low.


17 posted on 03/14/2023 5:26:16 AM PDT by Brian Griffin
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To: MtnClimber

Chauncey Gardner always wants to take credit.


18 posted on 03/14/2023 5:26:55 AM PDT by HereInTheHeartland (Have you seen Joe Biden's picture on a milk carton?)
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To: CodeJockey

In fairness, only really rich elite democrat donors and the Chinese are getting bailed out by the USA taxpayer.

It’s not like the exception will apply to just everyone!


19 posted on 03/14/2023 5:27:09 AM PDT by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
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To: MtnClimber

Chinese depositors >$250K at SVB?


20 posted on 03/14/2023 5:28:32 AM PDT by Chauncey Gardiner
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