Precision Posted March 12, 2023 Share Posted March 12, 2023 SVB was the 16th largest US bank, Burry seems to think another bank will fail soon...... 'Big Short' Michael Burry Warns of Another Major Bank Collapse You can always tell when an economy is on the precipice of faltering as banks start failing first. In 2007 banks were failing and the unemployment rate was still under 5% (reached 5% in December of 2007). A year later in December 2008 unemployment was 7.3%, December 2009 was 9.9%. The government spending fueled "Biden Boom" is an irresponsible flash in the pan that will be forgotten a year from now once unemployment shoots over 5%. 1 Link to comment Share on other sites More sharing options...
Gene Frenkle Posted March 12, 2023 Share Posted March 12, 2023 JP Morgan or BofA seem like good large candidates. SVB is the second largest bank to collapse in US history. Its AUM represent more than 55% of all of the assets in banks that collapsed during the 2008 crisis. Link to comment Share on other sites More sharing options...
aristocrat Posted March 13, 2023 Share Posted March 13, 2023 On 3/11/2023 at 2:30 PM, Tenhigh said: The only thing Billsy is right about in this thread is that the woman above isn't the right person to hold accountable, she is from the SVB UK entity, which has a separate balance sheet. The US bank is the one that tanked, here is their cheif risk officer: https://www.svb.com/profile/kim-olson https://www.yahoo.com/finance/news/historic-last-minute-deal-hsbc-074144560.html 22 Mike Butcher Mon, March 13, 2023 at 3:41 AM EDT HSBC UK is acquiring Silicon Valley Bank UK for a symbolic £1. The deal comes after a tense weekend of frantic negotiations by the U.K. government, regulators and a suite of other potential suitors in the wake of the U.K. business, a subsidiary of the troubled U.S. entity, entering insolvency procedures on Friday. 1 Link to comment Share on other sites More sharing options...
Tenhigh Posted March 13, 2023 Share Posted March 13, 2023 3 hours ago, aristocrat said: https://www.yahoo.com/finance/news/historic-last-minute-deal-hsbc-074144560.html 22 Mike Butcher Mon, March 13, 2023 at 3:41 AM EDT HSBC UK is acquiring Silicon Valley Bank UK for a symbolic £1. The deal comes after a tense weekend of frantic negotiations by the U.K. government, regulators and a suite of other potential suitors in the wake of the U.K. business, a subsidiary of the troubled U.S. entity, entering insolvency procedures on Friday. The UK bank was seemingly tanked by association, unfortunately. Not sure why it's a laughing matter, @Chris farley. Link to comment Share on other sites More sharing options...
Tommy Callahan Posted March 13, 2023 Share Posted March 13, 2023 12 minutes ago, Tenhigh said: The UK bank was seemingly tanked by association, unfortunately. Not sure why it's a laughing matter, @Chris farley. makes sense they would only pay that much. Link to comment Share on other sites More sharing options...
BillStime Posted May 5, 2023 Author Share Posted May 5, 2023 Link to comment Share on other sites More sharing options...
BillStime Posted June 2, 2023 Author Share Posted June 2, 2023 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted June 2, 2023 Share Posted June 2, 2023 Hmm. One would think if this economy is so good. lefties wouldn't be talking about the last guy constantly. Link to comment Share on other sites More sharing options...
T&C Posted June 2, 2023 Share Posted June 2, 2023 Well shuckity shucks... joey is on tv lying about this very thing. 1 Link to comment Share on other sites More sharing options...
BillStime Posted June 29, 2023 Author Share Posted June 29, 2023 🎯 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted June 29, 2023 Share Posted June 29, 2023 16 minutes ago, BillStime said: 🎯 Please continue to shout from the rooftops about how great this economy is. 1 Link to comment Share on other sites More sharing options...
The Frankish Reich Posted June 29, 2023 Share Posted June 29, 2023 1 minute ago, Chris farley said: Please continue to shout from the rooftops about how great this economy is. Just because YOU live in a van down by the river ... Link to comment Share on other sites More sharing options...
BillStime Posted June 29, 2023 Author Share Posted June 29, 2023 6 minutes ago, The Frankish Reich said: Just because YOU live in a van down by the river ... That’s being generous Link to comment Share on other sites More sharing options...
Tommy Callahan Posted June 29, 2023 Share Posted June 29, 2023 4 minutes ago, The Frankish Reich said: Just because YOU live in a van down by the river ... That would be Matt Foley silly. Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted June 29, 2023 Share Posted June 29, 2023 (edited) 5 minutes ago, Chris farley said: That would be Matt Foley silly. Edited June 29, 2023 by All_Pro_Bills 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted June 29, 2023 Share Posted June 29, 2023 4 minutes ago, All_Pro_Bills said: And was my old handle when this place was on the old location Link to comment Share on other sites More sharing options...
The Frankish Reich Posted June 29, 2023 Share Posted June 29, 2023 46 minutes ago, All_Pro_Bills said: Still classic. 42 minutes ago, Chris farley said: And was my old handle when this place was on the old location You need to go back to it! 1 Link to comment Share on other sites More sharing options...
BillStime Posted June 30, 2023 Author Share Posted June 30, 2023 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted June 30, 2023 Share Posted June 30, 2023 (edited) The investor class is doing well in this economy. so are the corporations that get the lion's share of the corporate welfare spending bills. But that money is just going back into the shareholders pockets (investor class) through dividends and stock buybacks. inflation makes the GDP look good, till it doesnt. Edited June 30, 2023 by Chris farley Link to comment Share on other sites More sharing options...
The Frankish Reich Posted June 30, 2023 Share Posted June 30, 2023 12 minutes ago, Chris farley said: The investor class is doing well in this economy. so are the corporations that get the lion's share of the corporate welfare spending bills. But that money is just going back into the shareholders pockets (investor class) through dividends and stock buybacks. inflation makes the GDP look good, till it doesnt. Trickle down, baby, trickle down ... 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted June 30, 2023 Share Posted June 30, 2023 2 minutes ago, The Frankish Reich said: Trickle down, baby, trickle down ... its all-supply side economics Just differs if it's driven by free market or intervention. Mega spending bills are intervention. And now of days, the intervention just goes back to the donors. Link to comment Share on other sites More sharing options...
Unforgiven Posted July 1, 2023 Share Posted July 1, 2023 (edited) This is the tail end of the great covid scam, ***** is about to hit the fan. Joe biden and his cartel have nothing to do with any growth outside of printing a ***** ton of worthless paper and maxxing out the credit card. Just more dummies out dummying themselves. Edited July 1, 2023 by Unforgiven 1 1 1 Link to comment Share on other sites More sharing options...
BillStime Posted July 2, 2023 Author Share Posted July 2, 2023 Truth Link to comment Share on other sites More sharing options...
L Ron Burgundy Posted July 2, 2023 Share Posted July 2, 2023 On 7/1/2023 at 8:42 AM, Unforgiven said: This is the tail end of the great covid scam, ***** is about to hit the fan. Joe biden and his cartel have nothing to do with any growth outside of printing a ***** ton of worthless paper and maxxing out the credit card. Just more dummies out dummying themselves. Do you give Trump credit for riding on Obamas economy? 1 1 Link to comment Share on other sites More sharing options...
Westside Posted July 2, 2023 Share Posted July 2, 2023 13 minutes ago, L Ron Burgundy said: Do you give Trump credit for riding on Obamas economy? You sure do love taking all the credit but none of the blame. Typical leftist. Link to comment Share on other sites More sharing options...
L Ron Burgundy Posted July 2, 2023 Share Posted July 2, 2023 14 minutes ago, Westside said: You sure do love taking all the credit but none of the blame. Typical leftist. Awe, don't like hypocrisy being called out do we? Gtfo. Better anything than a fake independent. 1 Link to comment Share on other sites More sharing options...
Westside Posted July 3, 2023 Share Posted July 3, 2023 11 hours ago, L Ron Burgundy said: Awe, don't like hypocrisy being called out do we? Gtfo. Better anything than a fake independent. I’m a democrat. My party has been taken over by freaks like you. When you finally get thrown out of the party, which will eventually happen, I may or may not rejoin. Though the damage has already been done. Link to comment Share on other sites More sharing options...
SectionC3 Posted July 3, 2023 Share Posted July 3, 2023 On 6/30/2023 at 10:49 AM, Chris farley said: The investor class is doing well in this economy. so are the corporations that get the lion's share of the corporate welfare spending bills. But that money is just going back into the shareholders pockets (investor class) through dividends and stock buybacks. inflation makes the GDP look good, till it doesnt. A Trumper complaining about the investor class doing well. This is rich. Maybe--just maybe--you'd like to revisit your views on the Trump Tax Giveaway to the Rich. 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted July 3, 2023 Share Posted July 3, 2023 1 hour ago, SectionC3 said: A Trumper complaining about the investor class doing well. This is rich. Maybe--just maybe--you'd like to revisit your views on the Trump Tax Giveaway to the Rich. A tax cut isn’t a ‘giveaway’ to anybody! The government takes taxes. And, for the one thousandth time, what anyone else pays in taxes has next to zero impact on your life. And if you don’t believe me then you should really be upset at the almost half of your fellow Americans who aren’t chipping in at all. 2 Link to comment Share on other sites More sharing options...
Westside Posted July 3, 2023 Share Posted July 3, 2023 52 minutes ago, SoCal Deek said: A tax cut isn’t a ‘giveaway’ to anybody! The government takes taxes. And, for the one thousandth time, what anyone else pays in taxes has next to zero impact on your life. And if you don’t believe me then you should really be upset at the almost half of your fellow Americans who aren’t chipping in at all. Most of them are democrats living in democratic cities. 1 Link to comment Share on other sites More sharing options...
L Ron Burgundy Posted July 3, 2023 Share Posted July 3, 2023 7 hours ago, Westside said: I’m a democrat. My party has been taken over by freaks like you. When you finally get thrown out of the party, which will eventually happen, I may or may not rejoin. Though the damage has already been done. Ha! Based on every single post you've made here you are lying. Why someone would do such a thing I have no idea. Every single time you jump in with one of your lame takes its a mundane conservative talking point one could grab from newsmax. So either you are a liar or are unclear what a democrat is/ever was. 1 Link to comment Share on other sites More sharing options...
Westside Posted July 3, 2023 Share Posted July 3, 2023 1 minute ago, L Ron Burgundy said: Ha! Based on every single post you've made here you are lying. Why someone would do such a thing I have no idea. Every single time you jump in with one of your lame takes its a mundane conservative talking point one could grab from newsmax. So either you are a liar or are unclear what a democrat is/ever was. I don’t care what you believe. Seeing that you’re a habitual liar, you think everyone is as well. You freaks have taken over the party, I refuse to take part in your hateful destruction of this great country. 1 Link to comment Share on other sites More sharing options...
Tiberius Posted July 3, 2023 Share Posted July 3, 2023 Link to comment Share on other sites More sharing options...
Westside Posted July 3, 2023 Share Posted July 3, 2023 Just now, Tiberius said: Hoax Link to comment Share on other sites More sharing options...
L Ron Burgundy Posted July 3, 2023 Share Posted July 3, 2023 1 hour ago, Westside said: I don’t care what you believe. Seeing that you’re a habitual liar, you think everyone is as well. You freaks have taken over the party, I refuse to take part in your hateful destruction of this great country. Point out one lie of mine. Go ahead. Link to comment Share on other sites More sharing options...
SoCal Deek Posted July 3, 2023 Share Posted July 3, 2023 I always find it comical when any Administration takes the credit for the US Economy. If you're going to take that position you need to look at the specific policies or programs that lead to the increase or fall. With that in mind, I'm not sure what policies the Biden Administration is taking credit for here. They didn't change the tax code. They handcuffed American energy. They increased regulations on businesses across the board. They pumped artificial dollars into the economy. Which of those policies helped the economy? To my way of thinking, their policies only served to slow it down. Meaning we would have all been in much better shape had they simply done NOTHING. My two cents. Link to comment Share on other sites More sharing options...
Tiberius Posted July 3, 2023 Share Posted July 3, 2023 1 hour ago, Westside said: Hoax Biden is just killing it! What a great President. Sure beats that bum he replaced Link to comment Share on other sites More sharing options...
Unforgiven Posted July 3, 2023 Share Posted July 3, 2023 22 hours ago, L Ron Burgundy said: Do you give Trump credit for riding on Obamas economy? hey freak you cultist morons have any other responses beside "trump" 1 Link to comment Share on other sites More sharing options...
Westside Posted July 3, 2023 Share Posted July 3, 2023 49 minutes ago, Unforgiven said: hey freak you cultist morons have any other responses beside "trump" Nope, they’re broken 1 1 Link to comment Share on other sites More sharing options...
L Ron Burgundy Posted July 3, 2023 Share Posted July 3, 2023 1 hour ago, Unforgiven said: hey freak you cultist morons have any other responses beside "trump" Just wondering if you hold him to the same scrutiny as Biden. I'm betting the answer is a big fat no. Link to comment Share on other sites More sharing options...
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