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(Thread IKs: skooma512)
 
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webcams for christ
Nov 2, 2005

of course not. they do it to their faces over dinner or on the green

https://twitter.com/deitaone/status/1653065384734408710

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Paradoxish
Dec 19, 2003

Will you stop going crazy in there?
You know things are going great when the CEOs of huge banks have to publicly deny controlling the government.

Tempora Mutantur
Feb 22, 2005

webcams for christ posted:

of course not. they do it to their faces over dinner or on the green

https://twitter.com/deitaone/status/1653065384734408710

or bespoke stripping telegrams

yellowD
Mar 7, 2007

webcams for christ posted:

of course not. they do it to their faces over dinner or on the green

https://twitter.com/deitaone/status/1653065384734408710

'the CEO's assistant makes those calls'

FistEnergy
Nov 3, 2000

DAY CREW: WORKING HARD

Fun Shoe
ASTS BBBY FRC LCID RIDE SOFI

nice to see a lot of the turds on my watchlist get flushed down the crapper

Centrist Committee
Aug 6, 2019

SKULL.GIF posted:

A year and a half of gentle rate hikes hasn't done poo poo to inflation. The Volcker moment approaches.

it’s cool because even this wouldn’t work as there’s no petrodollar system to run to. if the fed jacks interest rates then that’ll just accelerate the world’s move toward chinese socialism

JamesKPolk
Apr 9, 2009

Mr Hootington posted:

Ah so JP gets all thr good bits and the fed/taxpayer get the bad bits.

https://twitter.com/DeItaone/status/1653075494303154195

Centrist Committee
Aug 6, 2019

no we’re in the noose

webcams for christ
Nov 2, 2005


yeah that's the same thing the federal councils telling Swiss voters lol. lotta fun semantics and technicalities going on for those assurances to be "true"

Penisaurus Sex
Feb 3, 2009

asdfghjklpoiuyt
he's not wrong (specifically, people named Biden who pay taxes).

fanfic insert
Nov 4, 2009
Hunter finally catches a break

coelomate
Oct 21, 2020


C-SPAM > [Doom Econ] Stockholders will be fourth, and last, in line to collect on claims

forkboy84
Jun 13, 2012

Corgis love bread. And Puro


Smythe posted:

i believe this is how a bank run is formed lol

If Wall Street Bets or any of those dumb Redditors actually wanted to be all chaotic you could probably organise a bank-run. I get it's technically market manipulation & so illegal when done by poor people, but seems like a funny thing to do.

Red Baron
Mar 9, 2007
no lube anal fan

forkboy84 posted:

If Wall Street Bets or any of those dumb Redditors actually wanted to be all chaotic you could probably organise a bank-run. I get it's technically market manipulation & so illegal when done by poor people, but seems like a funny thing to do.

if the government keeps insisting daily that Big Banks are Very Safe like they have been they’ll have a run all on their own, no help needed.

Streisand themselves right into the problem they’re trying to avoid.

silentsnack
Mar 19, 2009

Donald John Trump (born June 14, 1946) is the 45th and current President of the United States. Before entering politics, he was a businessman and television personality.

forkboy84 posted:

If Wall Street Bets or any of those dumb Redditors actually wanted to be all chaotic you could probably organise a bank-run. I get it's technically market manipulation & so illegal when done by poor people, but seems like a funny thing to do.

shouting 'tendies!' in a crowded theater

JamesKPolk
Apr 9, 2009

https://twitter.com/DeItaone/status/1653081520553312270

lmfao yeah don't blow up the whole fuckin country cause uhhhhhh mortgage rates

Paradoxish
Dec 19, 2003

Will you stop going crazy in there?

Red Baron posted:

if the government keeps insisting daily that Big Banks are Very Safe like they have been they’ll have a run all on their own, no help needed.

Streisand themselves right into the problem they’re trying to avoid.

Literally my mom has asked me twice in the last two weeks if she should worry about her money because she keeps seeing "banks are safe" headlines everywhere.

Delta-Wye
Sep 29, 2005

Pepe Silvia Browne posted:

hey just a gthought but could inflation be caused by all the money these rich assholes keep in accounts that don't circulate through the economy and just accumulate, forcing more currency to be printed?

if those LOSERS would just keep their gdamn money in the BANK we wouldn't be having any problems. the truly wealthy know to park their money in assets that inflate but they can pretend that inflation is just them being CRAFTY investors and normal and good.

when you give a bunch of small business tyrants and other layabouts access to magic money tricks, they go out and buy stuff. stuff that has to be MADE! we can't continue down this path, people can't be allowed to spend money. we're out of stuff to buy, and we are NOT going to be giving out rationing cards or directly controlling prices. that's not fair! poor people should get nothing and the rich should get steaks for their cats, THATS fair. if that requires mass unemployment and artificially suppressed wages so be it.

npr has an alternative - let wages go up, but don't allow people to spend their money! thanks geniuses, this is great
https://www.npr.org/2023/04/17/1170469556/can-forcing-people-to-save-cool-inflation
og paper:
https://modernmoneylab.org.au/wp-content/uploads/2022/07/MML-Working-Paper-No.-3.pdf
lol

Archduke Frantz Fanon
Sep 7, 2004

forkboy84 posted:

If Wall Street Bets or any of those dumb Redditors actually wanted to be all chaotic you could probably organise a bank-run. I get it's technically market manipulation & so illegal when done by poor people, but seems like a funny thing to do.

this is basically what jason calcanis and theil did to SVB because they were mad about woke bankers or something, but you are right they would all get thrown in prison so fast.

similar thing happened during the height of the GME insanity when they dragged that one WSB mod before congress but didn't do anything to robin hood execs

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY
https://twitter.com/BloombergAsia/status/1653082903692165151?t=Fm3gu15Lk3ArsBz28op2IA&s=19

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY

Archduke Frantz Fanon posted:

this is basically what jason calcanis and theil did to SVB because they were mad about woke bankers or something, but you are right they would all get thrown in prison so fast.

similar thing happened during the height of the GME insanity when they dragged that one WSB mod before congress but didn't do anything to robin hood execs

:thunk:

Archduke Frantz Fanon
Sep 7, 2004


oh i guess they did drag the rh ceo up in the same session. also the guys whose newsletters started the whole thing.

he apologized for locking the app.

DNK
Sep 18, 2004


fixed rate is 0.9% so, actually, iBonds are better than ever and offer an inflation and deflation protected guaranteed real return. it’s fuckin amazing and one of the best truly available-to-everyone savings vehicles out there.

Teabag Dome Scandal
Mar 19, 2002


Paradoxish posted:

Literally my mom has asked me twice in the last two weeks if she should worry about her money because she keeps seeing "banks are safe" headlines everywhere.

nobody trusts the media anymore smh

webcams for christ
Nov 2, 2005

Writers strike could start tomorrow

https://twitter.com/Reuters/status/1653090778476953623

Pepe Silvia Browne
Jan 1, 2007

Paradoxish posted:

Literally my mom has asked me twice in the last two weeks if she should worry about her money because she keeps seeing "banks are safe" headlines everywhere.

it is funny when my dad asks me stuff like this, like where do you think is going to be a safe place to keep your money if every bank fails, dad? you think getting it out in cash is gonna prevent literally all the banks failing from effecting you?

Willa Rogers
Mar 11, 2005

JamesKPolk posted:

https://twitter.com/DeItaone/status/1653081520553312270

lmfao yeah don't blow up the whole fuckin country cause uhhhhhh mortgage rates

lol, it's so pathetic seeing dems resort to hyperbole again as they did during 2010, 2011 & 2012 while getting increasingly supportive of austerity.

zetamind2000
Nov 6, 2007

I'm an alien.

JamesKPolk posted:

https://twitter.com/DeItaone/status/1653081520553312270

lmfao yeah don't blow up the whole fuckin country cause uhhhhhh mortgage rates

Sounds good, 10% percent interest rate in the near future

Jizzny Princess
Aug 24, 2021

WHILE YOU WERE LEARNING TO SPELL YOUR NAME,
I WAS BEING TRAINED TO CONQUER GALAXIES
UwU
https://www.youtube.com/watch?v=7uqy_iLROXY

I miss Robin. I'd love to see how he'd rip the banks for loving us over again.

FlapYoJacks
Feb 12, 2009

zetamind2000 posted:

Sounds good; 10% percent interest rate in the near future

It should be 50% if you own more than one home.

Edit: Instead of mortgage rates, impose a 200% property and sales tax if you are a corporation buying the property.

Popoto
Oct 21, 2012

miaow
protests are priced in

https://twitter.com/berniespofforth/status/1653061630379294723

https://twitter.com/canaldigitaln/status/1653094132548526098

https://twitter.com/eixopolitico/status/1653048848074375168

https://twitter.com/civicioy/status/1653087909656903712

Skyl3lazer
Aug 27, 2007

[Dooting Stealthily]




It's really interesting to make a headline that's the opposite of the subheading.



They're basically tied for as high as they've ever gotten since 2008.

Gorson
Aug 29, 2014

forkboy84 posted:

If Wall Street Bets or any of those dumb Redditors actually wanted to be all chaotic you could probably organise a bank-run. I get it's technically market manipulation & so illegal when done by poor people, but seems like a funny thing to do.

It would be treated as economic terrorism. Straight to Gitmo. I'm not being hyperbolic.

skooma512
Feb 8, 2012

You couldn't grok my race car, but you dug the roadside blur.

therad title

FlapYoJacks
Feb 12, 2009
I am going to have a not-friendly chat with my Son-in-law today. My daughter was handed a pay or quit notice a few minutes ago. I gave my SIL $600 last month to help cover the rent. Why, exactly, isn't rent paid? This will be a fun conversation to have. :allears:

Edit: I doubt he stole the cash; he isn't that kind of guy. Instead, I assume he said $600 would be what is needed to cover rent, but in reality, it was more, and his dumb young pride got in the way of him telling me how much he actually needed to cover rent.

FlapYoJacks has issued a correction as of 20:46 on May 1, 2023

NeonPunk
Dec 21, 2020

Could be that 600 was enough to cover rent, but then all of the late charges and fees just popped up and he couldn't ask for more money after he just only asked for some?

FlapYoJacks
Feb 12, 2009

NeonPunk posted:

Could be that 600 was enough to cover rent, but then all of the late charges and fees just popped up and he couldn't ask for more money after he just only asked for some?

Possibly! That would again, be his pride getting in the way of asking for help. To be dumb and 24 again.

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY
Wait. Are you a rich boomer fleeing the usa and leaving your destitute children behind?

FlapYoJacks
Feb 12, 2009

Mr Hootington posted:

Wait. Are you a rich boomer fleeing the usa and leaving your destitute children behind?

Worse: I'm a straight-white male middle-class millennial computer toucher fleeing the USA and leaving my destitute children behind (in a few months.) :v:

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webcams for christ
Nov 2, 2005

they'll have a sick place to crash on their summer euro trips

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