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(Thread IKs: skooma512)
 
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PostNouveau
Sep 3, 2011

VY till I die
Grimey Drawer

HallelujahLee posted:

lmbo the morons in the dnd discord are saying this is a conspiracy by chuds to take down buchanon joe

The chuds on Twitter are saying it's because banks are gay and/or black

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SKULL.GIF
Jan 20, 2017


Banks recovering is bearish for stonks IMO since that makes it less likely that the Fed pauses, let alone cut rates.

HallelujahLee
May 3, 2009

PostNouveau posted:

The chuds on Twitter are saying it's because banks are gay and/or black

its true

actionjackson
Jan 12, 2003

why is bitcoin up

19 o'clock
Sep 9, 2004

Excelsior!!!

Delta-Wye posted:

Hahahahahahahaha How The gently caress Is Banking Real Hahahaha Dude Just Walk Away From The Economy Like Dude Close Your Accounts Haha

Apples McGrind
Oct 13, 2013

RandolphCarter posted:

members of that group chat that led to all of this are gonna wind up suicided

less work for the proletariat

Edgar Allan Pwned
Apr 4, 2011

Quoth the Raven "I love the power glove. It's so bad..."
we're emptying our banks? does this include ally

Good Soldier Svejk
Jul 5, 2010

webcams for christ posted:

still seething about this



sure it's going to accelerate the death of the habitable planet but think of the money to be made

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY
What an incredibly stupid day. It isn't even noon

Pajser
Jan 28, 2006
this thread is such a dumb tease

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

actionjackson posted:

why is bitcoin up

I finite money glitch has been reactivated.

forkboy84
Jun 13, 2012

Corgis love bread. And Puro


actionjackson posted:

why is bitcoin up

Because it's a safe haven. Despite having ridiculous volatility. I don't get it either

webcams for christ
Nov 2, 2005

Edgar Allan Pwned posted:

we're emptying our banks? does this include ally

afiak more people are dumping bank shares than emptying their accounts

Willa Rogers
Mar 11, 2005

HallelujahLee posted:

lmbo the morons in the dnd discord are saying this is a conspiracy by chuds to take down buchanon joe

lmao

Nothus
Feb 22, 2001

Buglord

bedpan posted:

wait, I was told that bailing out SVB was impossible and that there existed no legal mechanism to do so?

Weird, they said the same thing in 2008 and did it anyway

Second Hand Meat Mouth
Sep 12, 2001

actionjackson posted:

why is bitcoin up

it's not gay and/or black?

SKULL.GIF
Jan 20, 2017


actionjackson posted:

why is bitcoin up

When Signature collapsed yesterday, FDIC stepped in to guarantee all crypto customers would be made whole.

Rip Testes
Jan 29, 2004

I never forget a face, but in your case I'll be glad to make an exception.

net work error posted:

Bitcoin 24k lol

https://twitter.com/saylor/status/1635260369609564161

RadiRoot
Feb 3, 2007

Thank you Deb Haaland.

FlapYoJacks
Feb 12, 2009

webcams for christ posted:

still seething about this



e:



Second Hand Meat Mouth
Sep 12, 2001

Radirot posted:

Thank you Deb Haaland.

idpol ftw

SKULL.GIF
Jan 20, 2017


Pajser posted:

this thread is such a dumb tease

Not really our fault the lizardfolk keep coming up with more and more insane ways to link the First Flame. :justpost:

Glumwheels
Jan 25, 2003

https://twitter.com/BidenHQ

She doesn’t understand a single word of that

she’s furiously rubbing two brain cells together to figure out how Jewish space lasers caused this.

Nothus
Feb 22, 2001

Buglord

actionjackson posted:

why is bitcoin up

Tech bros took their money out of the bank on Friday and need someplace to stash it, so they're causing a crypto pump

spacemang_spliff
Nov 29, 2014

wide pickle

actionjackson posted:

why is bitcoin up

fdic said they'll bailout banks with crypto holdings too lol

actionjackson
Jan 12, 2003

why is the dow jones up

Delta-Wye
Sep 29, 2005
skull.gif keeps greasing me up and letting me down. smdh

HallelujahLee
May 3, 2009

spacemang_spliff posted:

fdic said they'll bailout banks with crypto holdings too lol

haha

Iron Crowned
May 6, 2003

by Hand Knit

Pepe Silvia Browne
Jan 1, 2007

Relevant Tangent posted:

mewling for the mods should result in a month's sojourn to d&d where you'd obviously be more comfortable

lol

FistEnergy
Nov 3, 2000

DAY CREW: WORKING HARD

Fun Shoe

:hai:

FlapYoJacks
Feb 12, 2009

Glumwheels posted:

She doesn’t understand a single word of that

she’s furiously rubbing two brain cells together to figure out how Jewish space lasers caused this.

No, it’s because the bank invested in woke culture. :colbert:

webcams for christ
Nov 2, 2005

I like this take

https://twitter.com/BloombergAsia/status/1635305355352653825?s=20

Ven Ram posted:

When any entity in the global economy goes under, it’s traditional to blame policy tightening — and it’s no different following the collapse of Silicon Valley Bank.

But the truth is actually the opposite: it’s those low global interest rates for way too long that prevailed in the run-up and in the immediate aftermath of the pandemic that spawned complacency. When the top end of the Federal Reserve’s benchmark was a mere 0.25%, the European Central Bank’s policy rate was -0.50% and the Bank of England’s a mere 0.10%, it was easy to think that even a rebound in interest rates would be anemic.

We got an initial warning shot about the danger of ultra-low interest rates when the pension fund industry was thrown into turmoil last year in the UK. Extremely low rates had forced them to leverage on swaps, and we know how the gilts’ market was upended last autumn. We have got a fresh taste of it again.

spacemang_spliff
Nov 29, 2014

wide pickle

PostNouveau posted:

The chuds on Twitter are saying it's because banks are gay and/or black

First Federal Lil Homey Gay rear end

Good Soldier Svejk
Jul 5, 2010


couldn't it just be that they were mismanaged?

Pepe Silvia Browne
Jan 1, 2007

Good Soldier Svejk posted:

Gonna need an alt check on Pepe and Hoot

wtf

PawParole
Nov 16, 2019

https://mobile.twitter.com/midtown_rob/status/1635128330239488001

FUCK COREY PERRY
Apr 19, 2008



fuckin charlie brown football rear end economy

Adjectivist Philosophy
Oct 6, 2003

When you gaze long into an abyss, the abyss also gazes into you.

spacemang_spliff posted:

fdic said they'll bailout banks with crypto holdings too lol

:hmbol::hmbol:

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webcams for christ
Nov 2, 2005

Good Soldier Svejk posted:

couldn't it just be that they were mismanaged?

yes. "cheap" money for years and years made it so that all kinds of dipshits could leverage themselves to the tits. but would've likely been less prevalent in a scenario where interest rates were higher

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