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leh-nerd skin-erd

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Everything posted by leh-nerd skin-erd

  1. They didn’t get Trump because there is nothing to get. It was not for lack of trying, and trying on an epic scale. Meanwhile…Washington and its players gets wealthier by the minute, and in Biden’s case cover from the IC and media at large…and on his watch…millionaires and billionaires over at the SVB are awash in covered nuts. 🤷🏻
  2. I still remember it was autumn and the moon was shinin' My '60 Cadillac was rollin' through Nebraska whinin' Doin' a hundred twenty, man the fields was bendin' over Headin' out for the mountains knowin' we was travelin' further All our fires were blazin' And the spinnin' wheels were turnin' turnin' Had my girl beside me brother brother she was burnin' burnin'
  3. I can think of a number of times my young children “woke up” thinking they wanted to be xxxxxx, or do xxxxxx, or get xxxxxxx, and as parents, we said the pay couldn’t do it, we wouldn’t support it, or if they wanted to pursue it there would be consequences. Some issues were fads, some were unreasonable,some unsafe, and some didn’t work into the big picture of who they ultimately became. I have nothing but sympathy for a child/family going through all that, but Biden’s talking point here is borderline nuts.
  4. No need for the Buffet dirty talk but the rest makes sense. I think if we start with the assumption that the plan is to fix anything, we might be giving Washington too much credit. Seems again and again the big dogs get paid before the lights shut off, and political campaigns/recipients long before that.
  5. The recap you mentioned above makes sense to me at face value. I think a full forensic accounting of the demise of SVB is in order, and we’re at day 5, day 3 in banker hours. I do think the dumbest people in the world mantle probably rests more with the people who f’d up playing with $151 billion in depositor money more so than with people critical of the decision making. You ladder that $151b in 4 or 5 CDs at your local credit union and boom, you’re done.
  6. Girl, I heard you're getting married Girl, I heard you're getting married This time you're really sure And this is the end They say you really mean it This guy's the one that makes you feel So safe, so sane and so secure And baby if he loves you more than me Maybe it's the best thing Maybe it's the best thing for you But it's the worst that could happen to me. I'm never gettin' married, never gettin' married You know that's not my scene But a girl like you needs to be married I've known all along you couldn't live forever In between. And baby if he loves you more than me Maybe it's the best thing Maybe it's the best thing for you But it's the worst that could happen to me.
  7. Maybe on depositors. I’m not certain “they did nothing wrong here” really applies, lots of companies and businesses do nothing wrong, fail and the govt doesn’t step in. I did some light reading here and checked out some of the companies linked to SVB…of the 10 or so I checked, CEOs ranged from $5m net worth to hundreds of millions to a couple billionaires. I feel compassion for the $5m folk, get a little less concerned when you start talking hundo-millions +. I completely agree that as assets are sold, in a perfect world depositors should be made whole and that would be the best outcome of all here. As for bond/stockholders, I understand and that’s the traditional logic. My only point is if they are making sh-T up on the fly to protect those without protection, it seems an odd line to draw to suggest Mark Cuban gets his $10m back and Grandpa Earl gets hosed out of his $26,000 investment he held for a few years.
  8. I don’t know what “unreasonable” means in this context? If it saved the banking system and prevented a run, yeah, it was for the greater good. That’s an argument made by more than a few experts in the field. Either way, it’s reasonable to question who benefited and to what extent. As for investors and bond holders, I dunno, if we’re saving folk, why not save them all?
  9. Look Red, I don’t know whether contagion fears are real or not, or whether or not SVB depositors should be saved. I don’t think Biden gives a $&@$ about anything beyond what is in the best interest of his party, but would certainly be happy if it also was in the best interest of the country. What’s clear is some extraordinarily wealthy people were saved here, and that’s probably pretty good for Biden and Co. It may also be good for the country. I don’t think Biden fretted over anything, love him or hate him, he likely doesn’t have a clue on any of that nor would I expect him to. He’s a trained monkey in this case, as would be the case with most Presidents. It’s interesting to me that there was no limit on the extent to which a depositor could be protected. $1m? $10m? $100m? Any way you slice it, you end back at the same spot.
  10. Greed seems to be the solution as well. Suddenly, no concerns about pesky rich folk getting rich again, no concerns about winners and losers (beyond the bond/stock holders), no limits to how much can be backfilled into the account…just money in, grateful recipients, political donors etc.
  11. I concur, and it’s no surprise that these guys, all of them at the top, find a career in politics tremendously lucrative. But, what can be done is you expose one of theirs where you can. https://nypost.com/news/
  12. Typical encounter: BillSy: “The more you hack…” meme LS: Ok. BillSy: You’re a hack. LS: Ok, I gotcha. BillSy: No, no, I mean it this time. You’re a hack. LS: Ok, btw you seem obsessed but I appreciate you! BillSy: It is what is is. LS: Right, we established that already. You can really save that for a time when there is a disagreement in principle. RedTail: What is it? It’s a big lie with dumb people. BillSy: Righteous. I mean originally “It is what it is” was about being a poster being hack, but “it” can be something different too. I’ll just go with “It is what it is, unless it isn’t, in which case it is the new thing.”.
  13. I literally acknowledged that you called me “hack”, and here you are frothing about it again. You’re a one trick pony, BillStail. On the plus side—this reminds me to talk with Mup about the challenges of conversing with the obsessive. Ty.
  14. @muppy, this is the sort of thing I was referring to earlier. On the one hand, our perpetually enraged comrade expresses gratitude to others for actions taken in the run up to the election of Donald Trump. That’s nice. On the other, he also referred to me as a “hack”, which seems at face value to be a term of derision. That’s not nice. At the same time, he blurted out gibberish about Putin marching orders, making himself sound more than a little nutty, and it’s hard to gauge the impact of mental issues on a post like this one. When it comes right down to it, all things considered, I think he’s not as sincerely grateful as he has indicated, and appears to be at war with his emotions.
  15. I’m torn on all this. I certainly hate to see people lose their money, and confidence in the banking system props the rest of this mutha up, but it sure didn’t take long for some unprecedented **** to happen. Pays to have friends in high places I suppose.
  16. My feeling, my angsty Mupskateer, is that it’s simply the world we live in, and it’s the same as it ever was. The main difference is people are able to connect to a much wider network of like minded people. I think of it like a web, Mup, a web that is virtually world wide. As for sowing discord, yes, you nailed it. Both sides do it. The Dems went hog wild sowing discord in 2015-2020. The Rs ran a similar game in 2020-2021. My suggestion is trust your heart, trust your mind, and trust common sense. With everything else you should at least consider that you’re being manipulated, and there is a pretty good chance that you are.
  17. Of course, we’re not privy to the negotiations or dialogue that lead up to the decision to plead guilty to that particular charge. Perhaps the narrative was “We can put you away for 50 years, or you can sign off and we’ll put you away for 4.”. When it comes down to TC/Maddox/Lester Holt v. the average politician, I’d say it’s a push as to where credibility, if any, exists to any great degree. When it comes to TC v prosecutors looking for convictions and doing the right thing, I’d believe prosecutors more often than not, but there is a political element to all this. Assuming the Shaman’s attorneys (and other defendants) are being truthful about footage withheld, my question would be why was it withheld? My takeaway from all this is that it sure would be nice if ordinary Americans could count on the type of response to crime and victimization in our neighborhoods that folks in Congress avail themselves of.
  18. Maybe you missed it, but the Pony Express changed the world, and Dayton has a Chik-fil-A. These guys are legit.
  19. I’m mystified by pencils. I imagine a world where the lead is on the outside. Oh well.
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