Article

2023-03-15 Government Corruption

Former Treasury Official Says US Banks On Verge Of ‘Nationalization'

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Posted by Besoeker 2023-03-15 07:31|| || Front Page|| [10 views ] Top

#1 Everything is being nationalized through 'regulatory' overreach. Soviet Central Planning is here. There is only one cure.

Posted by Procopius2k 2023-03-15 08:06|| 2023-03-15 08:06|| Front Page Top

#2 violating the clear FDIC $ limits. Not only no, but "you need to go to prison" NO

Posted by Frank G 2023-03-15 08:58|| 2023-03-15 08:58|| Front Page Top

#3 Federal plan to save SVB depositors faces legal, logistical hurdles

"If you want to change the law and go above $250,000 as a guarantee, well, then you got to go to Congress and change that law," said former Assistant Treasury Secretary Monica Crowley.

Posted by Frank G 2023-03-15 09:07|| 2023-03-15 09:07|| Front Page Top

#4 Depositors who iggied the FDIC insurance limits were aware of other financial assurances.

How can it be otherwise ?

Posted by Besoeker 2023-03-15 09:08|| 2023-03-15 09:08|| Front Page Top

#5 Liz Warren's ultimate dream is to nationalize banks.

Posted by Deacon Blues 2023-03-15 10:35|| 2023-03-15 10:35|| Front Page Top

#6 PANIC PANIC PANIC PANIC.

Total banking assets in the US amount to over $28 trillion per the Fed. So Silicon Valley Bank accounted for just under 1% of total assets.

Posted by Tom 2023-03-15 13:12|| 2023-03-15 13:12|| Front Page Top

#7 Ahhhh. Now the truth comes out.

Posted by 49 Pan 2023-03-15 17:26|| 2023-03-15 17:26|| Front Page Top

#8 FTX reportedly paid off the regulators. Perhaps SVB had a similar arrangement.

Posted by Besoeker 2023-03-15 18:24|| 2023-03-15 18:24|| Front Page Top

#9 SVB = Silicon Valley Bank
SB = Signature Bank
SBF = Sam Bankman-Fried

Coincidence?

Posted by M. Murcek 2023-03-15 18:35|| 2023-03-15 18:35|| Front Page Top

#10 Depositors who iggied the FDIC insurance limits were aware of other financial assurances.

How can it be otherwise ?

Possibly, Besoeker. The biggest players, no doubt. But some others really are shockingly ignorant— or unthinking — outside their area of expertise. Mr. Wife is being consulted by a start-up in that part of the world, and they were keeping all their funds in their operating checking account and associated savings account. Mr. Wife figures he earnt them months of operating expenses just by advising them to invest everything over six months spending in laddered Treasuries (T-bills? I’m not sure what the difference is) up to one year duration. Most people compartmentalize their thinking.

Posted by trailing wife 2023-03-15 18:47|| 2023-03-15 18:47|| Front Page Top

#11 But some others really are shockingly ignorant— or unthinking — outside their area of expertise.

"Suckers aren't supposed to have money."

- Riverboat Slim

Posted by M. Murcek 2023-03-15 19:00|| 2023-03-15 19:00|| Front Page Top

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