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skooma512)
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SKULL.GIF posted:I'm still angry about "excess savings". there's excess savings, they're just concentrated amongst wealthy people, the rest of us can (and do) eat poo poo, everything is working as God intended!!! now stop complaining and embrace the void
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Mar 16, 2023 18:26
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| # ? May 25, 2024 12:10 |
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nomad2020 posted:This and the need to "crush the labor market". the fed crushing the labor market: haha gently caress yeah!!! yes!! the fed crashing the banks: well this loving sucks. what the gently caress.
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Mar 16, 2023 18:26
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F_Shit_Fitzgerald posted:Rich people suffer no consequences and their money is safe as milk because of the Fed's money printer. Why wouldn't number go up? technically everyones money is safe with them because they are now a nationalized bank it will cease being safe the moment someone buys them
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Mar 16, 2023 18:28
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webcams for christ posted:Yellen: Nuh-uh! This is correct. The fed printer is different from government spending.
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Mar 16, 2023 18:28
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This means that First Republic has been bought and sold four times by the US govt over 16 years due to insolvency due to terrible decisions, largely centered over mortgage derivatives Lol
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Mar 16, 2023 18:33
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Mr Hootington posted:This is correct. shut up nerd, it's all our tax dollars
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Mar 16, 2023 18:35
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Shageletic posted:This means that First Republic has been bought and sold four times by the US govt over 16 years due to insolvency due to terrible decisions, largely centered over mortgage derivatives a very smart stable system
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Mar 16, 2023 18:36
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VideoKid posted:Get draft kings to let me bet on the leopards and I’m down. Ooooh we can give them racehorse names Can'tBelieveThey'reEatingMyFace closing the distance to the hedge fund manager fast but OHHHHH it's FinallyReapingWhatI'veSown from behind the big rock!!!! It's all over folks!
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Mar 16, 2023 18:37
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healthy https://twitter.com/DeItaone/status/1636417559879729163
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Mar 16, 2023 18:37
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what if we just continue letting all these banks do whatever they want without any consequences and just bail them out every time. a very strong stable and smart system
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Mar 16, 2023 18:39
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so it seems the natural progression here is that the banks will all be bailed out, austerity will continue, and the middle class will disappear at some point everyone becomes destitute, number soars
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Mar 16, 2023 18:48
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BULBASAUR posted:so it seems the natural progression here is that the banks will all be bailed out, austerity will continue, and the middle class will disappear thats the objective to completely destroy the remains of whatevers left of a "middle" class and crush any remaining power labor may have
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Mar 16, 2023 18:50
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Rectal Death Adept posted:shut up nerd, it's all our tax dollars It’s not. The Fed makes money out of thin air. Our federal tax dollars don’t pay for anything.
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Mar 16, 2023 18:50
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HallelujahLee posted:thats the objective to completely destroy the remains of whatevers left of a "middle" class and crush any remaining power labor may have I realize failsons of failsons etc. but they're more likely to get their heads on pikes as the precariat becomes militant.
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Mar 16, 2023 18:53
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Mr Hootington posted:This is correct. it is but the PPP, tax cuts, and ACA subsidies are definitely inflationary
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Mar 16, 2023 18:53
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Casey Finnigan posted:bro aren't you like an ER doctor? You guys don't get PTO? No, it was really fun during covid too, let me tell you. ER contracts are pretty poo poo, it’s a holdover from when the docs were a private group but all that was bought out by private equity corps years ago and they just got away with paying an hourly wage without pto or sick time and it’s the industry standard so good luck finding a better deal. So it’s basically work a mix of days nights weekends and holidays without COL raises until you quit or die. What’s that you say? I have no idea why ER doc burnout is so high.
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Mar 16, 2023 19:01
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https://twitter.com/DeItaone/status/1636425052848570372?t=awdUOQktVhF54BPGXU6-Tw&s=19 lol things seem to be escalating
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Mar 16, 2023 19:10
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Paradoxish posted:There was never any serious risk that SVB depositors wouldn't get back most of their money, or even all of it given enough time. A ton of this panic is entirely because the government rushed out to guarantee deposits with infinite money, making an already bad situation seem far, far worse. Now they need to walk this poo poo back because "the federal reserve has infinite money and all deposits are guaranteed" is a batshit insane statement. Perhaps I am truly loving stupid, but this combined with the lessons learned from Lebanon's failing state status, I am now giving the older and more established forms of crypto some sober second thought.
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Mar 16, 2023 19:11
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Sheng-Ji Yang posted:
At least it's interesting
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Mar 16, 2023 19:12
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I asked ChatGPT where the S&P 500 would be in six months and it said 4200. B U L L I S H
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Mar 16, 2023 19:13
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Slow News Day posted:That's literally the law though? The FDIC's ability to guarantee anything past $250k requires a determination (i.e. a majority vote by The Fed) that a failure of the bank would constitute a systemic risk. You can think of it as another version of Too Big to Fail. What's changed is that the government policy now says "it's actually totally OK for the shareholders to lose everything", which wasn't the case in 2008 when they too were made whole. that's all true, but recent events and fdic/fed policy changes have made it clear there's no point ever keeping more than $250k at a regional / "non-systemic" bank, explicitly encouraging oligopoly among the Big Banks, and bank runs against smaller players
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Mar 16, 2023 19:16
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Any particular reason why First Republic is crashing? Bad bets? Memes? Thiel needs money for more blood to bathe in?
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Mar 16, 2023 19:17
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Sheng-Ji Yang posted:https://twitter.com/DeItaone/status/1636425052848570372?t=awdUOQktVhF54BPGXU6-Tw&s=19 this has been well covered in Swiss financial press. No idea why JPMorgan kept floating the idea to Bloomberg
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Mar 16, 2023 19:17
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we ran madden to predict the super bowl winner. here's what it got right and wrong
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Mar 16, 2023 19:19
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Shageletic posted:This means that First Republic has been bought and sold four times by the US govt over 16 years due to insolvency due to terrible decisions, largely centered over mortgage derivatives one more bailout bro please just one more bailout we'll do better this time bro i swear
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Mar 16, 2023 19:22
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FlapYoJacks posted:Landlady update: The deadline for her to sign up for online dispute resolution has expired. She never signed up for the service that the judge strongly suggest sue sign up for. You're definitely gonna win, but good luck collecting on the judgement. It's gonna be a long and painful process but as long as you don't need the money asap, just enjoy the process of slowly putting the screws on the crazy landlord. If you need the money asap... well, it's most likely not gonna happen so get ready for a long battle to collect.
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Mar 16, 2023 19:23
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Jaxyon posted:Any particular reason why First Republic is crashing? position of the stars
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Mar 16, 2023 19:24
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yellen secretly wearing her "I <3 bank death" tshirt at home
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Mar 16, 2023 19:25
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Also to help folks feel even better about First Republic failing it's a rich people bank here in LA, they target Beverly Hills and the south bay. So the wealthy are squirming Also probably why it will be bailed out
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Mar 16, 2023 19:27
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Sheng-Ji Yang posted:https://twitter.com/DeItaone/status/1636425052848570372?t=awdUOQktVhF54BPGXU6-Tw&s=19 yeah that's why it's called a shotgun wedding you knobs
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Mar 16, 2023 19:28
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sounds like its going well https://twitter.com/DeItaone/status/1636431674295693314
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Mar 16, 2023 19:30
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i am harry posted:a propane tank from the hardware store costs $70 now tactical decision, by the time we all realize how bad things are we'll be unable to create IRA-style mortar bombs out of propane tanks because no one can afford them
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Mar 16, 2023 19:31
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JamesKPolk posted:sounds like its going well Banking Secrecy is Swiss Culture cmon
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Mar 16, 2023 19:32
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webcams for christ posted:it is but the PPP, tax cuts, and ACA subsidies are definitely inflationary Yeah I thought about adding that, but was too lazy.
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Mar 16, 2023 19:32
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pnumoman posted:You're definitely gonna win, but good luck collecting on the judgement. It's gonna be a long and painful process but as long as you don't need the money asap, just enjoy the process of slowly putting the screws on the crazy landlord. If you need the money asap... well, it's most likely not gonna happen so get ready for a long battle to collect. We fully plan on her refusing to pay up and for us to have to drag her rear end back to court. Making her miserable is its own reward.
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Mar 16, 2023 19:34
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so this afternoon does the fed release their balance sheet numbers? and we find out how much the banks are borrowing from this new non bailout program
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Mar 16, 2023 19:35
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One First Republic depositor, Farmgirl Flowers of Oakland, Calif., explained in an email to customers why it had chosen to bank with them in the first place. “At the time I set the account up, a woman of color was running the bank. And, in an industry where representation is so lacking, I wanted to make the choice to bank with an organization that was changing what leadership looked like,” the founder, Christina Stembel, wrote.
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Mar 16, 2023 19:35
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HallelujahLee posted:thats the objective to completely destroy the remains of whatevers left of a "middle" class and crush any remaining power labor may have Didn't the middle class officially cease to exist on some specific date last year?
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Mar 16, 2023 19:36
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FlapYoJacks posted:We fully plan on her refusing to pay up and for us to have to drag her rear end back to court. Making her miserable is its own reward. o7 this is my favorite doomsday econ subplot by a mile
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Mar 16, 2023 19:39
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webcams for christ posted:o7 More landlords should be sued. It’s very cathartic!
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Mar 16, 2023 19:42
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