(Thread IKs:
skooma512)
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SKULL.GIF posted:Here's some actually breaking news. This is up from the previous 1 year, I think? There must be a ton of sweating going on. not finding a source on this one yall gotta be cautious with zerohedge or unusual whales if they dont post a direct bloomberg headline
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Mar 18, 2023 22:09
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| # ? May 26, 2024 14:57 |
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The Atomic Man-Boy posted:The collective psychic trauma of the Founding Fathers burning in hell as punishment for birthing the great satan causes Philly residents who are sensitive to psychic energies to go on murder sprees. Philadelphia literally has the Gates of Hell as a tourist attraction. https://philamuseum.org/collection/object/103360
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Mar 18, 2023 22:09
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War and Pieces posted:Philadelphia literally has the Gates of Hell as a tourist attraction. is the bridge to new jersey really that interesting
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Mar 18, 2023 22:10
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anime was right posted:not finding a source on this one It's a letter the banks collectively sent to regulators just now, apparently. Should get some coverage soon.
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Mar 18, 2023 22:13
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Archduke Frantz Fanon posted:apparently 90% of philly goons do if this thread is any indicator Protip if you dump enough cans of beans on their Teslas they migrate back to NY
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Mar 18, 2023 22:14
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fully insuring any regional bank is going to lead to some spectacular implosions, any dipshit baron with a bank charter can play with house money
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Mar 18, 2023 22:15
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je disais boo-urns...
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Mar 18, 2023 22:15
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Bloomberg: Midsize US Banks Ask FDIC to Insure All Deposits for Two Yearsquote:A coalition of midsize US banks asked federal regulators to extend FDIC insurance to all deposits for the next two years, arguing the guarantee is needed to avoid a wider run on the banks.
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Mar 18, 2023 22:16
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Things you say when everyone is very calm and collected:quote:“It is imperative we restore confidence among depositors before another bank fails, avoiding panic and a further crisis,” the organization wrote. “While the cost of deposit insurance is not insignificant, the likelihood of it being needed is much, much smaller should all deposits be temporarily insured.”
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Mar 18, 2023 22:17
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webcams for christ posted:Bloomberg: Midsize US Banks Ask FDIC to Insure All Deposits for Two Years all good, long as zerohedge wasnt lone wolfing it
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Mar 18, 2023 22:17
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fdic no limits starring jay pow
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Mar 18, 2023 22:20
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We all just need to write the federal government and demand student loan balances be forgiven to prevent catastrophic collapse of the financial system.
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Mar 18, 2023 22:20
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Radirot posted:living in the ghetto aint no joke. definitely an exciting time all around if you're into it I guess. When I was 22, living in east Atlanta, I walked in on someone robbing my house. You like to think you’d say something badass, but I looked at the kid (probably 16) and said “this is not your home?” He looked at me and said “where’s my cousin?” And I thought “oh maybe he’s lost.” Then he ran. When the cops came they tried to plant a crack pipe in my roommates dresser and laughed that the kid hadn’t tried to steal the HDDDVD player because “everyone knows they’re worthless.”
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Mar 18, 2023 22:31
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SKULL.GIF posted:Here's some actually breaking news. This is up from the previous 1 year, I think? There must be a ton of sweating going on. lol there must be some absolutely gigantic capital flows to the big four
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Mar 18, 2023 22:47
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Buddykins posted:all that over a retirement age lmao france owns. here in america they strip us of all our rights and old white men and the government fucks us left and right and we just accept it like cucks It's the fruition of our country's austerity freaks' longterm plans: acclimating youngs to not expect benefits & to blame that on the olds instead of on capital.
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Mar 18, 2023 23:09
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Why is France the only country who realizes this is actually about class
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Mar 18, 2023 23:12
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Twerk from Home posted:Why is France the only country who realizes this is actually about class they accidentally picked a class war that for their fairy tale origin story
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Mar 18, 2023 23:14
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this weekend's emergency last minute bank bailout that narrowly prevents global depression is a little less exciting than last weekends' emergency last minute bank bailout that narrowly prevented a global depression
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Mar 18, 2023 23:18
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Buddykins posted:all that over a retirement age lmao france owns. here in america they strip us of all our rights and old white men and the government fucks us left and right and we just accept it like cucks in 2020 there were sustained protests that included the complete immolation of a police precinct building. The response was for the feds, in plainclothes, to literally black-bag people off the streets. They also assassinated the one guy who shot a right-winger in self-defense. And the fascist kid who crossed state lines to play slavecatcher? Yeah he walked free and now grifts professionally, etc. Whatever happened to the ground-level BLM organizers anyhow? It's pretty fuckin stark, even if we don't like to talk about it. The US state apparatus will double-tap you in the back of the head, hogtie your body and burn it in the backseat of a car. And then bill your family for the tow. Meanwhile most of the gendarme you see in those photos do not have firearms. You can set your clock to the fact that whatever comes from the financial crisis du jour the costs will be borne by the same people what get wooden shampoos when they ask city hall to maybe stop murdering them so much. That's life.
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Mar 18, 2023 23:19
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How the gently caress could they not see like half a move a head here? Everyone running everything is loving stupid.
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Mar 18, 2023 23:21
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Rectal Death Adept posted:this weekend's emergency last minute bank bailout that narrowly prevents global depression is a little less exciting than last weekends' emergency last minute bank bailout that narrowly prevented a global depression yeah i've noticed this is a thing, a kind of version of normalcy bias i call it the near miss fallacy. if a disaster is narrowly averted multiple times people will assume there's no threat but in such a situation it is very likely the disaster will keep coming and eventually can't be avoided
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Mar 18, 2023 23:24
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Willa Rogers posted:It's the fruition of our country's austerity freaks' longterm plans: acclimating youngs to not expect benefits & to blame that on the olds instead of on capital. This article ends with calling the youngs ungrateful and says that they should spend more money on the boomers.
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Mar 18, 2023 23:26
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apatheticman posted:How the gently caress could they not see like half a move a head here? Anyone who paid even passing attention to the COVID response understands very clearly that the people in charge are idiots who mostly buy their own bullshit and fundamentally can't plan for anything beyond the immediate horizon. The world makes a lot of sense when you realize that it's evil children running the show, not evil geniuses.
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Mar 18, 2023 23:28
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I wonder if he really did fly in the banker CEOs the other day. https://twitter.com/business/status/1637219392848117760
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Mar 18, 2023 23:30
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Paradoxish posted:Anyone who paid even passing attention to the COVID response understands very clearly that the people in charge are idiots who mostly buy their own bullshit and fundamentally can't plan for anything beyond the immediate horizon. The world makes a lot of sense when you realize that it's evil children running the show, not evil geniuses.
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Mar 18, 2023 23:32
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apatheticman posted:How the gently caress could they not see like half a move a head here? probably due to all of the dumb poo poo they've been doing for decades now we seem to be getting to points where there are really only two options let things get terribly and abruptly worse ...or do something stupid to keep things getting worse slowly, but making things worse in the long run so now either the entire stock market and economy are wiped out by banks collapsing and we see a historic crisis ...or we do terrible fiscal moves that everyone knows are a bad idea like declaring infinite bailouts and turning the printers back on
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Mar 18, 2023 23:32
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SKULL.GIF posted:I wonder if he really did fly in the banker CEOs the other day. theres no other reason to fly in several private jets into omaha like if it were one or two, whatever. but it sounds like a ton of .01%ers met warren buffet. bankers or otherwise.
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Mar 18, 2023 23:35
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Serf posted:me, calling my local bank: hello, someone said i should call you
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Mar 18, 2023 23:36
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SKULL.GIF posted:I wonder if he really did fly in the banker CEOs the other day. what crisis? pretty sure everything is fine
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Mar 18, 2023 23:36
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anime was right posted:theres no other reason to fly in several private jets into omaha Well there's also the annual C-suite orgy Buffetgasm, but that's not usually until August
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Mar 18, 2023 23:37
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these imbeciles have backed themselves into a corner where the only options out are extremely awful for the rest of us and naturally their going to take whichever route benefits them and screws everyone else
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Mar 18, 2023 23:37
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Mr Hootington posted:I'm still loling at a group of economist having discovered 190 banks across the usa are in the same position as SVB ha ha YES I smell some impending BANK DEATH
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Mar 18, 2023 23:41
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The entire SVB response was predicated on a bunch of idiots working themselves up into a very public tantrum close enough to a weekend that no one could calm them down, and the result was for regulators to start babbling about infinite money and unlimited deposit insurance. It was so bad and stupid that European regulators started making statements that sounded like posts pulled from this thread.
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Mar 18, 2023 23:41
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apatheticman posted:How the gently caress could they not see like half a move a head here? The ideology of neoliberalism precludes any response beyond what they’ve done. it’s not only beyond the ability of the federal government to act directly on the economy, it’s something verboten, vulgar. Doesn’t augur well for their ability to weather another major crisis. Maybe we’ll see liberalism collapse again.
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Mar 18, 2023 23:43
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https://twitter.com/MiddleEastEye/status/1637106928114364419quote:Pakistan is in dire need of sustained US dollar inflows to avoid defaulting on nearly $80bn of international loan repayments over the next three and a half years. The country is currently sitting on just $3bn in foreign exchange reserves.
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Mar 18, 2023 23:44
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SKULL.GIF posted:Lol they waited until the weekend kicked off to post the downgrade. Monday is gonna be grim. BANK DEATH
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Mar 18, 2023 23:45
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Raskolnikov38 posted:lol there must be some absolutely gigantic capital flows to the big four At this point you'd be a total moron to leave more than 250k in a small bank. Especially after Yellin brought up the whole "too small to save" corollary to TBTF
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Mar 18, 2023 23:51
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it's fine everyone, I have watched a lot of anime See it just looks like the bank collapse is inevitable. We are at the point where JPow's last ditch Paper Printer Ultimate Form (ペーパープリンター 究極のカタチ) in 2020 instantly defeated the crisis. It has returned and despite bringing out the printer again the Crisis seems to be barely phased at all. We need to give Janet Yellen and Jerome Powell time to consult the ancient Number prophecies and see if anything lies in the temple beneath the Federal Reserve.
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Mar 18, 2023 23:51
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just pull an Argentina, bills aren’t real
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Mar 18, 2023 23:52
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| # ? May 26, 2024 14:57 |
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That letter from midsize banks is 100% correct that Yellen's statements have potentially created a huge banking crisis.
Paradoxish has issued a correction as of 00:54 on Mar 19, 2023 |
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Mar 18, 2023 23:54
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