Posted on 06/25/2023 7:27:28 PM PDT by TigerClaws
Biden said he was not going to bail out the capitalist.
Zhoa bai din comes through for his investors
There wasn’t a bailout, they sold off all the assets to repay the bank depositors including those that had over the $250,000 limit. this was discussed and detailed when SVB was closed.
in 2008 we bailed out the following foreign banks-
UBS, Switzerland’s largest bank, was the biggest borrower from the Commercial Paper Funding Facility, tapping the program 11 times for $74.5 billion.
Six European banks were among the top 11 companies that saccumulated the most debt overall — a combined $274.1 billion .
Dexia tapped the US government for $53.5 billion. Other European users included Barclays Plc in London at $38.8 billion; Royal Bank of Scotland Group Plc at $38.5 billion; and Paris-based Natixis at $27 billion.
The Fed listed borrowing for Paris-based BNP Paribas at $41.8 billion.
Commerzbank of Germany borrowed $350 million at the Fed’s discount window.
In these times, there are no coincidences and there are no accidents.
Whether it was a coincidence or accident, no matter... the list of companies was gonna be publicized.
The Great Awakening, aka great Reveal continues.
I haven’t been contacted, but people I worked with 10 years ago have been. Pay rates quoted are $48 an hour, equivalent to a GS-13.
More aid and comfort to the domestic and foreign enemies of the United States. Its in the very nature of the Demonicrats, especially the DeepStaters.
the FED insured and paid the balances before they collected a penny from any sale of assets.
contrasted to the S&L crisis when the nation learned that FDIC investigated and paid out much later unlike SIPC that pays immediately to the limit then investigates.
Silicon Valley Bank had branches in Canada, Israel, Sweden, Denmark, Germany and India. I think most closed.
The FDIC was directed by the Biden Administration to protect their donors. If the companies and donors had gone broke and their companies were viable economic entities, new owners would have taken over. The economy may have hit a bump but within a month, other than the wailing of the elites, things would have moved on.
The banksters own our nation.
Privatize profits with free money from the Fed that my kids will have to pay back and publicize losses. The cherry on top is that Uncle Sugar steps in and allows the big boys (essentially part of the Fed now) to buy good assets for a dime on the dollar. My kids pay for that too.
I think the problem with the S&L crisis was FSLIC was the guarantor in that situation and they were underfunded and couldn't handle the crisis so the FDIC had to step in and figure it all out.
Bkmrk
Oprah had $590+ million saved from loss. What was that amount doing in a “bank” drawing no interest? I believe it was not hers in a sense it was a money laundering operation.
The SVB assets did not cover their obligations (the reason it went under)...the sale of all the assets came up $20 billion short of what the FDIC had to pay out to depositors over $250K....therefore a “bailout” for those (over $250K) depositors.
See 6th paragraph:
https://www.fdic.gov/news/press-releases/2023/pr23023.html
Are there any capitalistS?
Money talks
citizens and the country can walk to Hell
>> The Great Awakening, aka great Reveal continues.
Yeah baby! TRUTH.
Can we handle it?
Some can, some can’t, some won’t.
(Cue that meme of ‘can’t haandle the truth’)
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