(Thread IKs:
skooma512)
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SKULL.GIF posted:Italian finance bro pointing out the USA is repeating a lot of the same mistakes Italy did when they went through their own financial crisis: next backstop is China 
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Mar 13, 2023 02:33
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| # ? May 24, 2024 17:30 |
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19 o'clock posted:up yours, broke moralists
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Mar 13, 2023 02:33
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lol, lmao it's happening again...
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Mar 13, 2023 02:35
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the government waking biden up for this is probably a sign of how serious it is When Russia invaded Ukraine and Afghanistan collapsed it was like 4 days before he shambled out at 4pm on a friday to mutter something
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Mar 13, 2023 02:37
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Thank God, I was having trouble sleeping worrying about working moms in Ohio meeting their startup's payroll next week.
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Mar 13, 2023 02:39
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SKULL.GIF posted:Italian finance bro gross
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Mar 13, 2023 02:40
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This guy says this is gonna trigger a wave of people moving money into big banks instead of having it spread out. https://twitter.com/PauloMacro/status/1635091004566167553
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Mar 13, 2023 02:41
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I'm excited for this new era where every USA bank fails all at once and the taxpayers bail them all out. Risk. Managed.
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Mar 13, 2023 02:42
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God I am just sat here laughing my rear end off As so many have already pointed out, this is just going to incentivize bank runs because everyone's going to get bailed out and the folks who bail out early and sell stock early (like what happened when SVB got goosed a few years ago) are going to make utterly ruinous amounts of money. Every bank will be squeezed, therefore every bank is protected, therefore every bank is now a literal mint. Good job to the Biden administration, I suppose, for choosing the path of total financial chaos and proving that the government could just end poverty at will.
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Mar 13, 2023 02:43
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Mr Hootington posted:Barney Frank himself was on Signature's board  LOL
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Mar 13, 2023 02:44
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Willa Rogers posted:I'm still regretting I didn't take out a PPP "loan" when I could have.
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Mar 13, 2023 02:46
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LOCK HIM UP
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Mar 13, 2023 02:46
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SpaceDrake posted:God I am just sat here laughing my rear end off 
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Mar 13, 2023 02:46
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This was such a monumental mistake that will have unforeseen consequences.
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Mar 13, 2023 02:46
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SKULL.GIF posted:This guy says this is gonna trigger a wave of people moving money into big banks instead of having it spread out. Letting the bank depositors eat poo poo would have done that way faster. I mean it might still happen, but...
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Mar 13, 2023 02:46
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New Thread Title: [Doomsday Economics] Bank Marathon
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Mar 13, 2023 02:48
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https://twitter.com/realdonaldtrump/status/149589104168939520
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Mar 13, 2023 02:48
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Centrist Committee posted:too big to fail = any lovely regional bank in america
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Mar 13, 2023 02:50
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coelomate posted:Letting the bank depositors eat poo poo would have done that way faster. I mean it might still happen, but...  reality is businesses and people are shook. even if biden bailsout everything in SVB and promises them each a million bucks ontop of it for being so nice customers, people are going to start taking big lumps out almost everywhere. no one wants to be in a position that depositors w SVB are in even if they'll "be made whole"
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Mar 13, 2023 02:50
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3% MBS, is that like a minor baron cutting off the tip of a journalist's finger?
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Mar 13, 2023 02:50
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Oglethorpe posted:lmao HURRAH GAMBLING FOR EVERYONE
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Mar 13, 2023 02:51
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Mr Hootington posted:This was such a monumental mistake that will have unforeseen consequences. it really is
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Mar 13, 2023 02:52
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Barney Frank, nipples protruding, on the board of signature bank while it collapses. Shameful display
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Mar 13, 2023 02:53
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Eric Cantonese posted:The bank was shut down and replaced by a nee entity under FDIC control. Shares in the old entity became worthless. 
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Mar 13, 2023 02:55
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Mr Hootington posted:This was such a monumental mistake that will have unforeseen consequences. So A. FDIC is unlimited insuring everyone regardless of deposit level, we are literally printing infinite money B. This infinite insurance gets rolled back at some point, people go "Oh gently caress the government is in serious trouble" and we get a mass panic
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Mar 13, 2023 02:55
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SpaceDrake posted:God I am just sat here laughing my rear end off
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Mar 13, 2023 02:56
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SKULL.GIF posted:So Printing infinite money is the solution until taking a loaded wheelbarrow of bundled cash to the local store still isn't enough to buy a dozen eggs due to inflation.
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Mar 13, 2023 02:57
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SpaceDrake posted:God I am just sat here laughing my rear end off it's such hot bullshit general strike
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Mar 13, 2023 02:58
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SKULL.GIF posted:So things are going to get really weird as we realize what the end of the dollar really means
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Mar 13, 2023 02:58
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SKULL.GIF posted:So At least until China stops funding our spending; then all bets are off!
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Mar 13, 2023 02:59
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if people kept buying up Gamestop stocks to create a "short squeeze" against people who were shorting the stock couldn't you, like, incite people to withdraw their money from banks to deliberately trigger bank runs to "squeeze" the Feds in a similar manner EDIT: I see I am not the first person to have thought of this
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Mar 13, 2023 02:59
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Centrist Committee posted:too big to fail = any lovely regional bank in america That's a shame because I was licking my chops over the idea of the lovely regional bank I worked for going tits up
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Mar 13, 2023 02:59
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comedyblissoption posted:is intentionally engineering a bank run using your own money while shorting stock legal? asking for a friend Yes if you are Peter theil
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Mar 13, 2023 02:59
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gradenko_2000 posted:if people kept buying up Gamestop stocks to create a "short squeeze" against people who were shorting the stock technically yes but the amount of money mere mortal working peons have compared to businesses and capitalists is like a spitball in an ocean you would need to have a lot of rich people behind it Xaris has issued a correction as of 03:02 on Mar 13, 2023 |
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Mar 13, 2023 03:00
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Centrist Committee posted:things are going to get really weird as we realize what the end of the dollar really means It means more CIPS and Mir bank cards.
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Mar 13, 2023 03:01
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Starting to think that calvinball was a little too structured, but I like how freeform the FDIC is being right now
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Mar 13, 2023 03:01
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SKULL.GIF posted:This guy says this is gonna trigger a wave of people moving money into big banks instead of having it spread out. what would definitely trigger flight would be the fed just going lol and doing nothing, since it guarantees that anything above $250k is not safe, so you go to a bank where the world economy is hosed if it fails. I dunno why paying back depositors has the same effect if they do it by a "just this once, you silly goose" mechanism
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Mar 13, 2023 03:02
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Xaris posted:reality is business, and people are cooked
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Mar 13, 2023 03:04
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| # ? May 24, 2024 17:30 |
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Mr Hootington posted:some takes Nipples protruding. Disgusting
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Mar 13, 2023 03:04
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