Article

2023-03-16 Economy

Fed criticized for missing red flags before bank collapse

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Posted by Fred 2023-03-16 00:17|| || Front Page|| [9 views ] Top

#1 My wife says it’s all on purpose, to open the way to a mandatory national digital currency. I have now started seeing others agree with her.

Posted by Glenmore 2023-03-16 00:57|| 2023-03-16 00:57|| Front Page Top

#2 Funny how nobody blames the bank for this abject failure. Gov't bonds had been in a bull market for, some say, hundreds of years. Did they really think interest rates would remain low forever? They must have.

Interest rates (remember when we called it the Prime Rate?) were 0.5% barely a year ago. I mean, really?

Posted by DooDahMan 2023-03-16 05:04|| 2023-03-16 05:04|| Front Page Top

#3 Appears it may have not actually been a 'bank' but rather a political money laundering enterprise.

Posted by Besoeker 2023-03-16 06:32|| 2023-03-16 06:32|| Front Page Top

#4 SVB went from $106.04/share to $0.00/share over the weekend.

Posted by Mad Eye Omeretch7959 2023-03-16 08:26|| 2023-03-16 08:26|| Front Page Top

#5 The Fed was justified as a solution to the 'crashes' of the 19th Century. It's now presided over just as many in its existence. Like so many other bureaucracies of the Swamp, they now are more of a threat to what was the old republic than any enemy (cause they're already in the wire).

Posted by Procopius2k 2023-03-16 09:01|| 2023-03-16 09:01|| Front Page Top

#6 Every point so far, correct.

Posted by swksvolFF 2023-03-16 11:05|| 2023-03-16 11:05|| Front Page Top

#7 "It's inexplicable how the Federal Reserve supervisors could not see this clear threat"

Unless they didn't want to. But that's what #1 says.

Posted by Bobby 2023-03-16 11:10|| 2023-03-16 11:10|| Front Page Top

#8 ^ Incompetent or Evil? It's a perennial question.

Posted by SteveS 2023-03-16 11:14|| 2023-03-16 11:14|| Front Page Top

#9 Embrace the power of "and"

Posted by Frank G 2023-03-16 11:54|| 2023-03-16 11:54|| Front Page Top

#10 One thing we can rule out: accountability.

Posted by Super Hose 2023-03-16 11:59|| 2023-03-16 11:59|| Front Page Top

#11 Accountability would raise questions.

Like, if this is fallout from nuking the financial exchange system a year ago, or just good old fashioned national vault laundering writ large.

"and"

Posted by swksvolFF 2023-03-16 12:07|| 2023-03-16 12:07|| Front Page Top

#12 Biden's gonna make good on all those uninsured accounts? That means no risk whatsoever for the unnamed entities who had their money there. They didn't have to worry about investing it like normal folks, where there is always some risk. That's a sweet deal. No wonder they call him Uncle Sugar.

Posted by Abu Uluque 2023-03-16 12:20|| 2023-03-16 12:20|| Front Page Top

23:59 Skunky Fillmore2938
23:54 Skunky Fillmore2938
23:53 Skunky Fillmore2938
23:35 Skunky Fillmore2938
20:26 Sock Puppet of Doom
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