Now we can see why the Biden administration HAD to make all SVB depositors “whole.”
This bank was a haven for government pension funds of OTHER NATIONS.
You can see how these nations have become “obedient slaves” to the foreign policies of the USA - especially the warmongering policies.
Our U.S. banking system is much more of a house of cards than most of us ever knew.
Our financial system is going to collapse.
[You can see how these nations have become “obedient slaves” to the foreign policies of the USA - especially the warmongering policies.]
Here comes a real World War III with NATO in open combat in Europe. /shiny side out
[Our U.S. banking system is much more of a house of cards than most of us ever knew.
Our financial system is going to collapse.]
Well, Obama DID reference ‘House of Cards’ in his “April Fool’s Joke” a few years ago.....
(Yes, it’s going to collapse - yikes)
Read the article: these were equity and debt investments in the ownership of the banks, which are not part of the bailouts/bail-ins.
I don’t think they are supposed to get anything in the bailout. They weren’t a depositor they were an investor. So according to Yellen they are out of luck right?