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Here We Go Again: Troubled California Bank PacWest Craters 60% On Report It Is Seeking Buyers Or Capital Raise
Nation and State ^ | 05/03/2023 | Tyler Durden

Posted on 05/03/2023 8:28:50 PM PDT by SeekAndFind

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To: DoodleBob

The fannies, freddies and lehmans to make 2008 big this time around is BRICS++++++++......


41 posted on 05/04/2023 3:44:44 AM PDT by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: qam1

They all do now


42 posted on 05/04/2023 3:47:15 AM PDT by rb22982
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To: TomGuy

You’ll know it’s over when Jim Cramer comes out and says everything is good


43 posted on 05/04/2023 3:48:02 AM PDT by Tilapiafish2
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To: dpetty121263

Yeah it made a great way for thieves to steal


44 posted on 05/04/2023 3:52:38 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SeekAndFind

“sound and resilient” = Financial Cabal

“safe and effective” = Big Pharma Cabal

Lying to the peons is like breathing to these clowns.


45 posted on 05/04/2023 4:04:32 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: SeekAndFind

“Sound and resilient” is the new “Safe and effective”.


46 posted on 05/04/2023 4:08:03 AM PDT by 762X51
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To: DoodleBob

Let’s see what disasters this wreck of an administration can yet bring.

I count on them doing the wrong thing virtually all the time. I’m rarely disappointed.


47 posted on 05/04/2023 4:30:55 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SaveFerris

I have zero hope in this Administration. Clinton and Obama were awful for America but they didn’t f up everything they touched. I mean, they were leftist pigs but they could administer their intent. Bidet screws up everything.

But there is a difference between government, and the private sector.

Govt bumbles along, intent on wrecking civil liberties and industry. That trend is slowed with classical liberals voted into power from time to time, but the trend is rarely (such as 1980-1987, 2017-2019) reversed.

The private sector focuses on delivering shareholder value. Sure, they embrace stupid, trendy things then they get back to core competency.

We will likely see a roller coaster 2023. But the citizenry will win. We may take on flesh wounds, but I’ve read the book and know who wins.

Despair and doom are the enemy. Truth and hope underpin success. One shouldn’t be Pollyanna nor eeyore,


48 posted on 05/04/2023 4:41:40 AM PDT by DoodleBob ( Gravity’s waiting period is about 9.8 m/s²)
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To: DoodleBob
The private sector focuses on delivering shareholder value. Sure, they embrace stupid, trendy things then they get back to core competency.

Not anymore. Look at the insane switch to EV production. Like I say this is insane. We will lose all of our domestic car manufacturing because of it.

49 posted on 05/04/2023 4:46:28 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: DoodleBob

I expect the end of the USA as a global power. Unfortunately.

I think it’s happening. Once the Lord comes and gets us, I couldn’t care less.

Just trying to survive until that Day. :)


50 posted on 05/04/2023 4:49:26 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: DoodleBob

“The private sector focuses on delivering shareholder value.”

One way they do that is by getting fat government contracts—whether military, pharma or other health care, education, housing etc etc etc.

.Gov (at all levels) has gotten so big that they have become a large part of commerce.

Counting on the private sector to save us made sense twenty years ago—it is not going to get it done these days.

The ship is going down—may be quick, may be slow—but the direction cannot be reversed imho.


51 posted on 05/04/2023 4:54:48 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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To: SeekAndFind

California is killing the nation...one failed bank at a time.


52 posted on 05/04/2023 4:56:39 AM PDT by comps4spice (Show me the incentives and I'll show you the outcomes --Charlie Munger)
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To: central_va

The big automakers may lean EV. But what will emerge from these destructive waves, is smaller, niche car makers. Just like the beer industry was disrupted by microbrewery, and lost their way a-la Bud Light and so on.

The people will WANT cars with ICEs.

Yes, the capital needed to build cars is high. But the demand will fuel innovation.


53 posted on 05/04/2023 5:08:46 AM PDT by DoodleBob ( Gravity’s waiting period is about 9.8 m/s²)
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To: TomGuy
https://www.fdic.gov/bank/historical/bank/

PacWest bank not "failed" ...yet.

54 posted on 05/04/2023 5:21:56 AM PDT by ding_dong_daddy_from_dumas (Re-imagine the media!)
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To: ding_dong_daddy_from_dumas

PacWest bank not “failed” ...yet.

Yup, rumor is just a future fact! They will drag it into the weekend and monday the new sign goes up on the marque.


55 posted on 05/04/2023 7:55:12 AM PDT by Mouton (The enemy of the people is the media )
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To: SaveFerris

56 posted on 05/04/2023 8:11:17 AM PDT by freepersup (“Those who conceal crimes are preparing to commit new ones.” ~Vuk Draskovic~)
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To: DoodleBob
Despair and doom are the enemy. Truth and hope underpin success. One shouldn’t be Pollyanna nor eeyore.

Best comment on the thread.

In the March / April / May 2020 timeframe, the FR COVID-19 daily threads were a good example of despair and doom being heavily pushed to the exclusion of truth or hope. Postings that discussed how people banded together during the initial COVID-19 outbreak were mocked

57 posted on 05/04/2023 8:44:39 AM PDT by Fury
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To: SeekAndFind

Must be some of that diversity stuff going on in the banking system and with the Federal inspectors.

Or lets fold and make millions ?


58 posted on 05/04/2023 9:01:25 AM PDT by Vaduz (....)
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To: Night Hides Not

Awesome!


59 posted on 05/04/2023 9:07:41 AM PDT by vpintheak (Live free, or die!)
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To: freepersup

Exactly


60 posted on 05/04/2023 1:51:50 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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