B-Man Posted March 14, 2023 Share Posted March 14, 2023 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted March 14, 2023 Share Posted March 14, 2023 (edited) 20 minutes ago, B-Man said: Wow. The propagandists are working over time. Some big bucks went into producing that pos. here's the only signature bank ad video I could find on youtube. Comical in its own right but not in the way you meant Edited March 14, 2023 by redtail hawk Link to comment Share on other sites More sharing options...
aristocrat Posted March 14, 2023 Share Posted March 14, 2023 33 minutes ago, redtail hawk said: It was small potatoes compared to what I just posted. I suspect that there are so many incidents, only the most disgusting make it to press. Or in reality they report that exact amount that happen. Especially in the day and age of social media where literally everything gets reported. Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted March 14, 2023 Share Posted March 14, 2023 Here's some real videos. The feather one sure appears to be a fake. They're actually selling the fact that they're not old school. Not a bad gimmick except they were incompetent in the trenches. Buyer beware... https://www.ft.com/content/9f5fb420-0481-4804-9971-f1d4ad7fbb1b Link to comment Share on other sites More sharing options...
SoCal Deek Posted March 14, 2023 Share Posted March 14, 2023 1 hour ago, nedboy7 said: That is good for the drought Biden created. Like a MAGA rain!!! We’re already at almost double our annual rainfall total. Yes, we’re accustomed to actually monitoring it out here…go figure. We’ll get a bit more rain in the remaining two weeks of March and then believe it or not it literally won’t rain at all until November. The problem we have is they’ve done nothing to increase our storage capacity…even though we passed a huge initiative to spend billions doing just that almost a decade ago. Yep…you guessed it….environmentalists killed the progress on any storage reservoirs. 1 Link to comment Share on other sites More sharing options...
BillsFanNC Posted March 14, 2023 Share Posted March 14, 2023 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted March 14, 2023 Share Posted March 14, 2023 (edited) 6 minutes ago, BillsFanNC said: Except "everyone else" doesn't include taxpayers. Off to the kids table with you. Let the adults discuss this rationally. From a New York Post article today: “Had the [Federal Deposit Insurance Corporation], [the Treasury], and [the Federal Reserve] not intervened today, we would have had a 1930s bank run continuing first thing Monday causing enormous economic damage and hardship to millions,” Ackman tweeted. “Our gov’t did the right thing.” Certainly other masters of the universe disagree but Biden's actions were not crazy. Edited March 14, 2023 by redtail hawk 1 1 Link to comment Share on other sites More sharing options...
ChiGoose Posted March 14, 2023 Share Posted March 14, 2023 42 minutes ago, redtail hawk said: Except "everyone else" doesn't include taxpayers. Off to the kids table with you. Let the adults discuss this rationally. From a New York Post article today: “Had the [Federal Deposit Insurance Corporation], [the Treasury], and [the Federal Reserve] not intervened today, we would have had a 1930s bank run continuing first thing Monday causing enormous economic damage and hardship to millions,” Ackman tweeted. “Our gov’t did the right thing.” Certainly other masters of the universe disagree but Biden's actions were not crazy. Also, the shareholders and investors are getting nothing. Only the depositors are getting anything. 2 Link to comment Share on other sites More sharing options...
leh-nerd skin-erd Posted March 14, 2023 Share Posted March 14, 2023 14 hours ago, Gene Frenkle said: You guys are idiots with your BS Fox News crap. This happened because of greed, plain and simple. 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. 1 Link to comment Share on other sites More sharing options...
BillStime Posted March 14, 2023 Share Posted March 14, 2023 1 hour ago, BillsFanNC said: Same guy 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted March 14, 2023 Share Posted March 14, 2023 28 minutes ago, leh-nerd skin-erd said: 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. No, plenty of concern. The article from the WSJ stated Biden was ambivalent about the plan for these vey reasons. He decided the benefits outweighed the risks Link to comment Share on other sites More sharing options...
SoCal Deek Posted March 14, 2023 Share Posted March 14, 2023 42 minutes ago, BillStime said: Same guy And you believe this photo shows what exactly? Link to comment Share on other sites More sharing options...
leh-nerd skin-erd Posted March 14, 2023 Share Posted March 14, 2023 4 minutes ago, redtail hawk said: No, plenty of concern. The article from the WSJ stated Biden was ambivalent about the plan for these vey reasons. He decided the benefits outweighed the risks 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. Link to comment Share on other sites More sharing options...
ChiGoose Posted March 14, 2023 Share Posted March 14, 2023 21 minutes ago, leh-nerd skin-erd said: 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. I believe most of SVB’s depositors were small businesses. I don’t think it’s unreasonable to cover their deposits so long as we are not bailing out the investors, shareholders, or management. Link to comment Share on other sites More sharing options...
Tommy Callahan Posted March 14, 2023 Share Posted March 14, 2023 2 hours ago, SoCal Deek said: We’re already at almost double our annual rainfall total. Yes, we’re accustomed to actually monitoring it out here…go figure. We’ll get a bit more rain in the remaining two weeks of March and then believe it or not it literally won’t rain at all until November. The problem we have is they’ve done nothing to increase our storage capacity…even though we passed a huge initiative to spend billions doing just that almost a decade ago. Yep…you guessed it….environmentalists killed the progress on any storage reservoirs. but are silent about the Salton sea geothermal drilling cause, Lithium. Link to comment Share on other sites More sharing options...
nedboy7 Posted March 14, 2023 Share Posted March 14, 2023 2 hours ago, SoCal Deek said: We’re already at almost double our annual rainfall total. Yes, we’re accustomed to actually monitoring it out here…go figure. We’ll get a bit more rain in the remaining two weeks of March and then believe it or not it literally won’t rain at all until November. The problem we have is they’ve done nothing to increase our storage capacity…even though we passed a huge initiative to spend billions doing just that almost a decade ago. Yep…you guessed it….environmentalists killed the progress on any storage reservoirs. It's a complex issue that is reduced to tribal simple mindedness. Try curbing water use a little as well. I dont see any sensible conservation efforts out of CA. Link to comment Share on other sites More sharing options...
BillsFanNC Posted March 14, 2023 Share Posted March 14, 2023 Saying the quiet part out loud... Link to comment Share on other sites More sharing options...
leh-nerd skin-erd Posted March 14, 2023 Share Posted March 14, 2023 4 minutes ago, ChiGoose said: I believe most of SVB’s depositors were small businesses. I don’t think it’s unreasonable to cover their deposits so long as we are not bailing out the investors, shareholders, or management. 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? 1 Link to comment Share on other sites More sharing options...
ChiGoose Posted March 14, 2023 Share Posted March 14, 2023 4 minutes ago, leh-nerd skin-erd said: 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? I think we’re probably mostly in agreement about the depositors. They did nothing wrong here and letting them fail can really risk harm to the economy. If the damage is limited to these two banks, the cost of making them whole should be covered by the sale of assets and the FDIC’s fund (if needed). My concern about investors/shareholders is that covering their losses might encourage more risky behavior in the industry. If you make an investment, you run the risk of that investment going bad, I’m not sure it should be the government’s job to cover you. Link to comment Share on other sites More sharing options...
leh-nerd skin-erd Posted March 14, 2023 Share Posted March 14, 2023 12 minutes ago, ChiGoose said: I think we’re probably mostly in agreement about the depositors. They did nothing wrong here and letting them fail can really risk harm to the economy. If the damage is limited to these two banks, the cost of making them whole should be covered by the sale of assets and the FDIC’s fund (if needed). My concern about investors/shareholders is that covering their losses might encourage more risky behavior in the industry. If you make an investment, you run the risk of that investment going bad, I’m not sure it should be the government’s job to cover you. 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. Link to comment Share on other sites More sharing options...
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