Article

2023-03-17 Economy

Why did First Republic need a $30BN injection of cash? Bank courted mega rich tech clients like Zuckerberg who were 'gifted' cut-price loans - and had high level of uninsured deposits over $250,000

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Skidmark 2023-03-17 08:54|| || Front Page|| [12 views ] Top

#1 Because the woke left destroys and corrupts everything it touches into their hive mind Borg like assimilation.

The whole point is to overload and capsize the system, they call it: Cloward-Piven Strategy. And if anyone doubts me, if they werent trying to bankrupt the system, what and how would they do anything different.

And these banks and other financials, this is how the fund their social change projects, how they fund and bankroll their thought leaders.

If these institutions spend obsessive amounts of money on social impact project while not making a dime, they are okay with that. Bailouts are fine. Because the end justifies the means and they dont take over these institutions for profit and to make a better product, they are taken over to centrally plan societal change. And I hope I live to see this change immolated.

Posted by mossomo 2023-03-17 12:51|| 2023-03-17 12:51|| Front Page Top

#2 I never get tired of telling people I know who are dems "you voted for this."

Posted by M. Murcek 2023-03-17 13:24|| 2023-03-17 13:24|| Front Page Top

#3 Zuckerberg organizations dumped $400 million into largely Dem areas to install Biden as POTUS. So far no one has answered for any of this. Now, we the taxpayers are going to end up financing these failed big tech banks and possibly the CCP who had money in these banks.

Posted by JohnQC 2023-03-17 15:08|| 2023-03-17 15:08|| Front Page Top

#4 I think what you need is the top 10 tiktok dances to help deal with the SVB issues.

Posted by swksvolFF 2023-03-17 15:15|| 2023-03-17 15:15|| Front Page Top

/\ Warms my heart to learn SVB has been bailed out especially after their donation to the BLM effort:

NYP - SVB donated $73M to Black Lives Matter movement, social justice causes

So essentially, the American taxpayer funded (indirectly) the BLM shi*birds.

Posted by Besoeker 2023-03-17 16:05|| 2023-03-17 16:05|| Front Page Top

#6 JohnQC Janet Yellen said this morning that CCP depositors WILL be paid in the bailout.

Posted by Deacon Blues 2023-03-17 16:29|| 2023-03-17 16:29|| Front Page Top

#7 we the taxpayers are going to end up financing these failed big tech banks "Taxpayers" are a dying breed in a country with a national debt in the trillions which will never be paid off by them (or anyone). Instead, call them "bagholders" or "chumps"

Posted by Gromble Dribble4342 2023-03-17 19:10|| 2023-03-17 19:10|| Front Page Top

23:58 Skidmark
23:48 Thramp Smiter of the Brontosaurs9656
23:39 Thramp Smiter of the Brontosaurs9656
23:28 Thramp Smiter of the Brontosaurs9656
22:11 Thramp Smiter of the Brontosaurs9656
19:59 Procopius2k
19:12 Gromble Dribble4342
19:10 Gromble Dribble4342
19:02 Gromble Dribble4342
18:57 Gromble Dribble4342
18:27 trailing wife
18:02 jpal
17:59 jpal
16:50 SteveS
16:29 Deacon Blues
16:05 Besoeker
15:49 swksvolFF
15:43 Chris
15:42 Chris
15:38 Chris
15:38 DooDahMan
15:22 Bangkok Billy
15:15 Bobby
15:15 swksvolFF