facialimpediment posted:

rip @buttraptors

McNally posted:

Would anyone be interested in bombarding their congressfucks' offices with messages of support for a bill that would allow Gold Star spouses to keep their benefits after remarriage? A bill is about to be introduced for that purpose and I can provide info on it.

pantslesswithwolves posted:

Defenestrategy posted:

Their outword prpblem with such a program is its not means tested

Vincent Van Goatse posted:

What in the goddamn gently caress

CainFortea posted:

Oh god, the whole bud-tender aesthetic around here is already insufferable enough. I'm not excited for horse-tender or whatever they gonna call it.

facialimpediment posted:

I was going to ask y'all just what the gently caress Silicon Valley Bank actually loving was, because everyone is speaking gibberish about it and none of it penetrates my brain.

But lol they're gone now, officially a failed bank taken over by the FDIC:

https://twitter.com/kgreifeld/status/1634234151783022606?t=H5yng8MG__44t8o02wPJhA&s=19

I think they were just a 17-branch bank that catered specifically to silicon valley venture capital tech bro speculation and now they're the first dead insured bank since the early pandemic. RIP whatever the gently caress that bank was!

Leave posted:

Hi, I'm high and stupid; I live in the Midwest, does that bank failing affect me in any way?

What kind of far reaching effects could this have? Could it ripple across the country like that?

CainFortea posted:

That's why extra floaty bits makes sense. Going through a canal, just put the containers on the floaty bits and tow them behind you. THen when you're through, put them back on the ship and use the extra floats to keep you upright! Bing bong so simple.

Lemniscate Blue posted:

I don't have much experience with the drag community personally, but nearly everyone I've known involved in the scene has been fairly heavily into 1) physical fitness, 2) assertiveness and confidence, and 3) very sturdy high heels.

It's always amusing when some idiot assumes they'd be an easy target.

quote:

The Fed repeatedly warned the bank that it had problems, according to a person familiar with the matter.

In 2021, a Fed review of the growing bank found serious weaknesses in how it was handling key risks. Supervisors at the Federal Reserve Bank of San Francisco, which oversaw Silicon Valley Bank, issued six citations. Those warnings, known as “matters requiring attention” and “matters requiring immediate attention,” flagged that the firm was doing a bad job of ensuring that it would have enough easy-to-tap cash on hand in the event of trouble.

But the bank did not fix its vulnerabilities. By July 2022, Silicon Valley Bank was in a full supervisory review — getting a more careful look — and was ultimately rated deficient for governance and controls. It was placed under a set of restrictions that prevented it from growing through acquisitions. Last autumn, staff members from the San Francisco Fed met with senior leaders at the firm to talk about their ability to gain access to enough cash in a crisis and possible exposure to losses as interest rates rose.

It became clear to the Fed that the firm was using bad models to determine how its business would fare as the central bank raised rates: Its leaders were assuming that higher interest revenue would substantially help their financial situation as rates went up, but that was out of step with reality....

Hyrax Attack! posted:

Even Michael Bloomberg wrote an editorial opposing the judicial changes. That’s like Elliot saying Queen Deidranna has gone too far.