Posted on 03/13/2023 7:11:22 AM PDT by Red Badger
No ‘malaise’ this time..............
AMEN
The wealthy/politically connected have devised the perfect scam:
Heads they win/tails the taxpayer and/or consumer loses.
RE: Biden says ‘US banking is safe’ as shares plummet up to 74% in pre-market trading despite president’s guarantee scheme for SVB and Signature Bank
Maybe he should’ve just SHUT UP.
He just makes it worse........................
In the old days roughly every 20 years or so, now 6 in the last 35 years.
The markets seem pretty calm this morning. Are they saving their freakout for later?
I hate to break the news to you, but BOTW has merged with BMO. They’ll be history by Labor Day.
“The topic for today’s meeting is: How do we exploit this crisis, and how do we blame it on Trump?”
RE: He just makes it worse........................
This just says a lot about the credibility of our government and its leaders.
Trading in bank stocks has been halted.......................
Everything green now. The order has gone out: “no losses”
I had a strange dream last night..
I was on an aircraft and it started to go down.
The masks came out of the ceiling, and it crashed in the water.
The pilot came over the intercom and told everyone to remain in their seats.
I could tell the aircraft was sinking.
I got up and started to yell to the people to move to the rear of the aircraft and get out.
Nobody moved.
They all stayed in their seats staring straight ahead.
I ran to the rear of the aircraft.
The nose was starting to drop and it was sinking.
A stewardess tried to stop me and I decked her.
Got to the back of the aircraft, the back door was open, a stewardess was strapped into her seat staring forward.
I turned and looked, and as water would overtake a row, the people just sat there and drowned.
I jumped off the aircraft.
It sank.
Nobody else got out.
"I've just pissed in my pants and nobody can do anything about it." -- Major Fambrough, Dances With Wolves
Biden ... promised SVB customers would be 'made whole' and that 'no losses will be borne by the taxpayer.'
Customers made whole? Sounds like a bailout, but how? With whose money? Rainbow Skittles?
'Americans can have confidence that the banking system is safe,' the president told a press conference. But he warned that those who backed the failed bank 'knowingly took a risk and when the risk didn't pay off, investors lose their money. That's how capitalism works.'
So banks are really not so 'safe' if people are losing their money, are they?
Biden spouts stupid meaningless boilerplate, insulting our intelligence, and everyone knows it. He thinks he's "calming down the masses" but he's really making an even bigger fool of himself.
Bump for a new tagline. LOL.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.