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(Thread IKs: skooma512)
 
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Nothus
Feb 22, 2001

Buglord
No, more bailouts!

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Nothus
Feb 22, 2001

Buglord
It's not name brand Bailout™, it's generic backstopping

Nothus
Feb 22, 2001

Buglord
https://twitter.com/matthewstoller/status/1635064606875070464?s=20

Like that first hit when you get outta rehab

Nothus
Feb 22, 2001

Buglord
Everyone gets a bailout, even crypto

https://twitter.com/zerohedge/status/1635066707671932929?s=20

Nothus
Feb 22, 2001

Buglord
lol the morning news is leading off with "don't move your money, trust us it's safe" :thumbsup:

Nothus
Feb 22, 2001

Buglord

coelomate posted:

Biden speaking at 8am Monday, a totally normal time for Presidential addresses and in no way a Baghdad Bob impression.

And speaking before markets open. :thunk:

Nothus
Feb 22, 2001

Buglord

What is he talking about? Everyone knows Uncle Sam will step in an fix everything with the money printer if they gently caress it up too badly

Nothus
Feb 22, 2001

Buglord

https://www.youtube.com/watch?v=_asNhzXq72w

Nothus
Feb 22, 2001

Buglord
https://twitter.com/ZeroHedge_/status/1635275550251155464?s=20

Welp there goes my retirement savings

Nothus
Feb 22, 2001

Buglord
https://twitter.com/DeItaone/status/1635274603076685824?s=20

Fleeing to precious metals means now we have a good old-fashioned panic

Nothus
Feb 22, 2001

Buglord
https://twitter.com/PriapusIQ/status/1635277866765283329?s=20

Nothus
Feb 22, 2001

Buglord
BTC up 17% on the day so far. lmao

Nothus
Feb 22, 2001

Buglord
Crypto bros vindicated. BTC is too big to fail

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

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

Nothus
Feb 22, 2001

Buglord
https://twitter.com/zerohedge/status/1635262396393484288?s=20

lol yeah

Nothus
Feb 22, 2001

Buglord

:barf:

Nothus
Feb 22, 2001

Buglord
https://twitter.com/thehill/status/1635333938242789376?s=20

oh thank god

Nothus
Feb 22, 2001

Buglord

Wraith of J.O.I. posted:

cosmic crisps are the best apple

That's right. And Aldi sells them.

Nothus
Feb 22, 2001

Buglord

Vox Nihili posted:

We got a 2015 Prius brand new for ~$20,000 in 2016. Hopefully it'll last until we die.

It's hard to believe that brand new cars used to sell for less than $25,000.

Nothus
Feb 22, 2001

Buglord
Shades of Chris Matthews complaining that Bernie winning meant he would be publicly executed in central park

Nothus
Feb 22, 2001

Buglord
It won't, but the markets need low interest money like an addict in withdrawal needs another hit, so they'll use any excuse to pressure the fed.

Nothus
Feb 22, 2001

Buglord
Credit Sus blowing up again. That's like once every six months, right?

Nothus
Feb 22, 2001

Buglord
One silver lining of the current mess and the tech bust in particular is that my company's grand plans for a metaverse presence have been memoryholed.

Nothus
Feb 22, 2001

Buglord

lmao

Nothus
Feb 22, 2001

Buglord

Mr Hootington posted:

"Financial misinformation" is such an ambiguous term that Dr. Richard Wolff could be banned due to him talking and teaching about Marxism.

Don't be surprised if that eventually happens.

Nothus
Feb 22, 2001

Buglord

sullat posted:

Why can't they can't meet up in the Metaverse office instead?

The preferred use case for the metaverse is that you'll log into your Meta office from your physical office. That way both real and virtual commercial landlords get their taste

Nothus
Feb 22, 2001

Buglord

err posted:

https://twitter.com/GavinSBaker/status/1635683191821414405?s=20

The WARN Act requires companies to notify state governments and affected individuals of plans to lay off 500 or more employees (and 50 or more employees when an employment site is shut down or when the number of layoffs make up at least one-third of the company’s workforce) at least 60 days in advance.

Forget that Silicon Valley bullshit, now we're talking Doomsday Economics

Nothus
Feb 22, 2001

Buglord

Willa Rogers posted:

A few years ago I temped at a job with an open-office plan & if the assignment hadn't ended in a month my sanity certainly would have.

I don't understand how employers can think that it's productive to listen to officemates nattering on all day.

It allows managers to oversee what their employees are doing at a glance and also increases the prestige of managers that have offices.

Nothus
Feb 22, 2001

Buglord
https://twitter.com/StockMKTNewz/status/1635651692443189249?s=20

BTC spiked as well. Tech dipshits taking their savings and just parking it wherever.

Nothus
Feb 22, 2001

Buglord

webcams for christ posted:

FT produced a whole-rear end 26-minute documentary on it. They have been tripping on their dick for at least 15 years.

IMO the biggest factor is that they are officially "Too Big To Fail" and they know it, so they've been correctly behaving as if they won't ever face any serious consequences

Huh, weird that removing the functional effect of risk leads to institutions making even bigger gambles. A hazard of the moral kind, if you will.

Nothus
Feb 22, 2001

Buglord

euphronius posted:

well I’m happy the prices corporations pay for things Is going up less rapidly than before. I’m sure that will show up in prices for goods going down

https://twitter.com/TODAYshow/status/1635972734357237760?s=20

lol

Nothus
Feb 22, 2001

Buglord

Mirthless posted:

Hard to believe this is real tbh

Why? Finance has been operating without consequences since 2008.

Nothus
Feb 22, 2001

Buglord

Maed posted:

aren’t they getting shut down in less than 45 days? that email makes no sense

Didn't they do to them what they did to GM? Create a new entity with the same name, move all the valuable assets to the new entity while leaving all the debts with the old entity, allow the old entity to get liquidated, then keep on truckin.

Nothus
Feb 22, 2001

Buglord

lol the first to go will be the stonk reddits

Nothus
Feb 22, 2001

Buglord

Good Soldier Svejk posted:

so who bails out international banks

is it still us?

Everyone

Nothus
Feb 22, 2001

Buglord

George Rouncewell posted:

I hope the FDIC spent so much money that when normal banks go down they can legally say whoops no more cash

If it's a no-name regional bank that isn't the finance nexus of a politically powerful industry, they'll say that and nobody will connect the dots.

Nothus
Feb 22, 2001

Buglord
Meanwhile Credit Suisse might be the real black swan

Nothus
Feb 22, 2001

Buglord

mega lol at that rap sheet

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Nothus
Feb 22, 2001

Buglord

JamesKPolk posted:

did the loving AI guess right??
Turns out it was CramerAI

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