Free Republic 4th Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $27,318
33%  
Woo hoo!! And we're now over 33%!! Thank you all very much!! God bless.

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  • Irresponsible Bank Policy [semi-satire]

    03/20/2023 11:28:25 AM PDT · by John Semmens · 1 replies
    Semi-News/Semi-Satire ^ | 19 Mar 2023 | John Semmens
    Banking is an inherently risky business. It's assets are mostly long term--loans, mortgages, and bonds. It's liabilities are mostly short term--checking and savings deposits. This timing imbalance relies on the faith of its depositors that the bank is sound. This faith can be shaken by the unwise or unlucky decisions made in how the bank invests the money entrusted to it. This past week, the Silicon Valley Bank (SVB) suffered a loss of faith. Instead of investing $73 million of its deposits in income earning assets, it gave this money away to Black Lives Matter-related social justice groups. It made...