Posted on 03/12/2023 11:51:28 AM PDT by marcusmaximus
Financial regulators are discussing two different facilities to manage the fallout from the closure of Silicon Valley Bank if no buyer materializes, according to a source close to the situation.
One way that the regulators would step in would be to create a backstop for uninsured deposits at Silicon Valley Bank, using an authority from the Federal Deposit Insurance Act
-snip-
Another option would be a “general banking facility” from the Federal Reserve that would support other financials with exposure to SVB.
(Excerpt) Read more at cnbc.com ...
Sounds like their DNC donations are now paying off...
Yep. Oprah must be made whole.
How is this NOT a bailout?
Less for Zelenskyy.
Rich people being made whole by the poor people of this country.
This won’t go over well in some parts.
I just read that SVB did not have a Chief Risk Officer from April 2022 to January 2023. And it shows.
The intent here isn’t to “save” SVB, but it’s to keep their stupidity from ruining other companies.
That can be debated until the cows come home. But these folks need a plan by 6pm tonight.
Save Oprah!
If someone or some company wants to insure their money above the FDIC limit,
they should provide for it privately.
If they do not, they communicate some animals are more equal than others,
and the smaller people bail out the bigger.
Wait. That’s exactly how our country works under crony capitalism.
Please save Oprah!!!!
And how are they planning to “save” SVB without bailing them out? As for stupidity spreading, maybe a good dose of pain is needed to stop this. Stupidly has spread unchecked sine FJB and his band of perverts, sexual deviants, and pedophiles took the reins.
“How is this NOT a bailout?”
CLEARLY a taxpayer bailout.
Just rename it BoU, Bank of Ukraine. That will quickly solve their liquidity crisis!
>by 6pm tonight.
EDT. (daylight savings again)
IF THE FED BOYS BAIL OUT SVB, IT WILL ONLY INTENSIFY THE PUBLIC’S SUN-TEMPERATURE HATRED OF THEM FOR DOING SO. WHO BAILS US OUT WHEN WE LOSE MONEY??? HUH???
It is not an FDI C bank, correct? State Chartered, correct? If so, it’s a California problem.
"McCarthy says he’s hopeful U.S. officials [???emphasis added] will make Silicon Valley Bank announcement before market opens"
FR: Never Accept the Premise of Your Opponent’s Argument
I'm sorry "business as usual" Speaker McCarthy, but aren't you the federal official with an express constitutional title?
Patriots, the bottom line is this imo. What is your threshold of “pain” for peacefully stopping unconstitutionally big state and federal governments controlled by bully, constitutionally undefined political parties, from oppressing the people under their boots?
The inevitable remedy for ongoing, post-17A ratification, corrupt political party treason (imo)...
All MAGA patriots need to wake up their RINO federal and state lawmakers by making the following clear to them.
If they don’t publicly support either a resolution, or a Constitutional Convention, to effectively "secede" ALL the states from the unconstitutionally big federal government by amending the Constitution to repeal the 16th (direct taxes) and 17th (popular voting for federal senators) Amendments (16&17A), doing so before the primary elections in 2024, that YOU will primary them.
If the proposed amendment was limited strictly to repealing 16&17A, relatively little or ideally no discussion would be needed before ratification of the amendment imo.
With 16&17A out of the way, my hope is that Trump 47 becomes the FIRST president of a truly constitutionally limited power federal government.
In the meanwhile, I'm not holding my breath for significant MAGA legislation to appear in the first 100 days of new term for what may still prove to be another RINO-controlled House.
Again, Trump will hopefully do another round of primarying RINOs for 2024 elections.
Bail in the depositors money. Let the billionaires backstop their own mess.
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