mikeman Posted March 11, 2023 Report Share Posted March 11, 2023 Just now, KingKolzig said: is that sorta like your digs KK? Quote Link to comment Share on other sites More sharing options...
KingKolzig Posted March 11, 2023 Report Share Posted March 11, 2023 no but i might be able to sneak my trailer under that covered spot Quote Link to comment Share on other sites More sharing options...
Gmcarroll33 Posted March 11, 2023 Report Share Posted March 11, 2023 So this is all due to Biden's ridiculous hikes in interest rates to try and offset the inflation he created correct? I read it as nobody wanted to take out a loan with the crazy high interest rates, which is the only way that banks make money, and banks are now carrying unrealized losses. The withdrawals forced them their unrealized losses to fruition. Anything else I'm missing here or it is simple as interest rates have lead to this? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 11, 2023 Report Share Posted March 11, 2023 11 minutes ago, Gmcarroll33 said: So this is all due to Biden's ridiculous hikes in interest rates to try and offset the inflation he created correct? I read it as nobody wanted to take out a loan with the crazy high interest rates, which is the only way that banks make money, and banks are now carrying unrealized losses. The withdrawals forced them their unrealized losses to fruition. Anything else I'm missing here or it is simple as interest rates have lead to this? it's not that "nobody wanted to take out a loan"... it's that the ASSET side (customer checking/savings are the liability side since they owe that back) was invested in long-term stuff making 1-2%... if you have a 10-year treasury that is paying 1%/yr, and now those rates are 4%, the value of that treasury is essentially 30% lower (3% x 10 yrs) Quote Link to comment Share on other sites More sharing options...
Bigrunner Posted March 11, 2023 Report Share Posted March 11, 2023 On 3/10/2023 at 7:44 AM, milwaukee mike said: it's "only" a $6 billion company (jpm is 380b)... systemic risk is pretty low that said, the whole system is gonna collapse in my lifetime, whether that's today or 5 years from now, or 12 years from now, who knows... but you can't continue to favor worthless lazy mentally ill bums in jobs/government/media, while demonizing working class heterosexuals, without triggering a long-term collapse On 3/10/2023 at 7:49 AM, jasson621 said: Agree and it has been the lefts goal since the 70's and it is coming to fruition. Many of us have been preaching this over and over but with spinless rinos nothing will ever happen. On 3/10/2023 at 8:14 AM, mikeman said: Woke destroys everything. On 3/10/2023 at 9:37 AM, KingKolzig said: biden is introducing a bill to tax realized gains on stocks so if you have a 1000 worth of a stock. and it is now 1100 after a year. you pay tax on that 100 even if you dont sell it then year 2 another tax year 3 another tax then if the stock plummets in year 4 you already paid the taxes on realized gains. whoops sorry about that On 3/10/2023 at 9:43 AM, sleepy said: I'm sure this will help the 20% haircut 401k's took since the diaper wearing dementia patient stole the election. RepubliCons retards whining, bitching and blaming again. Of course that's the only solution the pathological lying MAGAS have! And in other news RepubliCon leaders are grooming kids for child labor. See Sarah Huckleberry EO's in the bright red state of Arkansas. https://www.cnn.com/2023/03/08/politics/sarah-huckabee-sanders-arkansas-child-labor/index.html Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 11, 2023 Report Share Posted March 11, 2023 ok i'll engage (once) bitching and blaming? whose fault was it that FTX collapsed? that is all part of this... and is it republicans fault that svb gave $5 billion to phony climate change nonsense before going belly up? if they would've held on to that $5 billion, those employees would still have jobs Quote Link to comment Share on other sites More sharing options...
Gmcarroll33 Posted March 11, 2023 Report Share Posted March 11, 2023 I've always wondered what would happen if every last person in the country that had massive credit card debt just said "fuck it I don't care about my credit score. I'm not paying", and if every last American sick of paying taxes for all the stupidity that it goes to like Ukraine said "Fuck it I'm not paying there's not enough jail space for all of us." WTF would our government do? Quote Link to comment Share on other sites More sharing options...
Gmcarroll33 Posted March 11, 2023 Report Share Posted March 11, 2023 Haha Wells Fargo had a massive computer glitch that had customer balances all incorrect and transactions missing on the exact same day as the SVB failure. How does that happen at a mega bank? Quote Link to comment Share on other sites More sharing options...
FairWarning Posted March 11, 2023 Report Share Posted March 11, 2023 1 hour ago, jasson621 said: You can't reason with "them". The elitists will get their bailout, can't have Harry and his See you next Tuesday wife losing money. If this was a midwestern bank full of farm deposits it would rot. Wish Eric and others would work as hard at getting the crypto people their money back. Quote Link to comment Share on other sites More sharing options...
FairWarning Posted March 11, 2023 Report Share Posted March 11, 2023 31 minutes ago, Bigrunner said: RepubliCons retards whining, bitching and blaming again. Of course that's the only solution the pathological lying MAGAS have! And in other news RepubliCon leaders are grooming kids for child labor. See Sarah Huckleberry EO's in the bright red state of Arkansas. https://www.cnn.com/2023/03/08/politics/sarah-huckabee-sanders-arkansas-child-labor/index.html I think we have a case of climate mental health caused by the upcoming time change right here. thoughts and prayers, BR. Quote Link to comment Share on other sites More sharing options...
Bigrunner Posted March 11, 2023 Report Share Posted March 11, 2023 16 minutes ago, Gmcarroll33 said: I've always wondered what would happen if every last person in the country that had massive credit card debt just said "fuck it I don't care about my credit score. I'm not paying", and if every last American sick of paying taxes for all the stupidity that it goes to like Ukraine said "Fuck it I'm not paying there's not enough jail space for all of us." WTF would our government do? They would protect the profits of the richest like Shelly Adelson, Steve Wynn, Elon Musk, Jeff Bezos, Mark Zuckerberg, big oil barons with tax cuts and tax givaways at the expense of everyday Ameircans. It happened with Trump where over 25% of the 230 years of federal debt was accumulated in Trump's 4 years to fund his tax gifts to the wealthiest Americans and foreign investors. LOSER LOOK One of President Donald Trump’s lesser known but profoundly damaging legacies will be the explosive rise in the national debt that occurred on his watch. The financial burden that he’s inflicted on our government will wreak havoc for decades, saddling our kids and grandkids with debt. The national debt has risen by almost $7.8 trillion during Trump’s time in office. That’s nearly twice as much as what Americans owe on student loans, car loans, credit cards and every other type of debt other than mortgages, combined, according to data from the Federal Reserve Bank of New York. It amounts to about $23,500 in new federal debt for every person in the country. The growth in the annual deficit under Trump ranks as the third-biggest increase, relative to the size of the economy, of any U.S. presidential administration, according to a calculation by a leading Washington budget maven, Eugene Steuerle, co-founder of the Urban-Brookings Tax Policy Center. And unlike George W. Bush and Abraham Lincoln, who oversaw the larger relative increases in deficits, Trump did not launch two foreign conflicts or have to pay for a civil war. Under Donald Trump, the U.S. Accrued 25% of National Debt? Trump Built a National Debt So Big (Even Before the Pandemic) That It’ll Weigh Down the Economy for Years The “King of Debt” promised to reduce the national debt — then his tax cuts made it surge. Add in the p, and he oversaw the third-biggest deficit increase of any president. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 11, 2023 Report Share Posted March 11, 2023 maybe runner is realizing it's "us vs them" and not "us vs us"? repubs/dems, doesn't matter, right now we have a "uniparty" whose only goal is to make rich people richer, and poor/middle class people poorer maybe we'll send another $180 billion to ukranian billionaires while americans get fired and can't afford food, great idea Quote Link to comment Share on other sites More sharing options...
mikeman Posted March 11, 2023 Report Share Posted March 11, 2023 41 minutes ago, Bigrunner said: RepubliCons retards whining, bitching and blaming again. Of course that's the only solution the pathological lying MAGAS have! And in other news RepubliCon leaders are grooming kids for child labor. See Sarah Huckleberry EO's in the bright red state of Arkansas. https://www.cnn.com/2023/03/08/politics/sarah-huckabee-sanders-arkansas-child-labor/index.html Whining? I'm happy. Quote Link to comment Share on other sites More sharing options...
FairWarning Posted March 11, 2023 Report Share Posted March 11, 2023 Just now, Bigrunner said: RepubliCon leader Sarah Huclkeberry grooming kids to be child laborers? Ain't that something. I hear other red state RepubliCon leaders will also be grooming children to work in meat packing and other labor intensive industries. In February, the Department of Labor said it had uncovered more than 3,800 instances in the last fiscal year of children working in US companies in violation of the law, with more than 100 kids, as young as 13, employed in hazardous jobs cleaning slaughterhouses overnight for Packers Sanitation Services Inc. (Ten of them were in Arkansas.) Also this week, Republicans in the Ohio Senate passed a bill weakening child labor protections, which is expected to make it out of the House and be signed by Republican governor Mike DeWine. Similar measures are working their way through Minnesota and Iowa. SARAH HUCKABEE SANDERS THINKS CHILD LABOR LAWS HAVE BEEN WORKING A LITTLE TOO WELL Republicans like the Arkansas governor care so deeply for kids that they want to make it easier for companies to exploit them. What does any of this do with a failed a bank? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted March 11, 2023 Report Share Posted March 11, 2023 12 minutes ago, mikeman said: Whining? I'm happy. i was happy until that 4th race at tampa bay downs, buried Quote Link to comment Share on other sites More sharing options...
sleepy Posted March 11, 2023 Report Share Posted March 11, 2023 Seems like a lot of businesses dealing in the green energy scam end up the same way Broke Quote Link to comment Share on other sites More sharing options...
mikeman Posted March 11, 2023 Report Share Posted March 11, 2023 maybe they wont bail them out? Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted March 11, 2023 Report Share Posted March 11, 2023 15 minutes ago, FairWarning said: What does any of this do with a failed a bank? Nothing. That's why it was moved to the sandbox. Stay on-topic BR. Quote Link to comment Share on other sites More sharing options...
mikeman Posted March 11, 2023 Report Share Posted March 11, 2023 Quote Link to comment Share on other sites More sharing options...
mikeman Posted March 11, 2023 Report Share Posted March 11, 2023 They're worried. Quote Link to comment Share on other sites More sharing options...
mikeman Posted March 11, 2023 Report Share Posted March 11, 2023 Quote Link to comment Share on other sites More sharing options...
sleepy Posted March 11, 2023 Report Share Posted March 11, 2023 4 minutes ago, mikeman said: Gee, that's too bad. Quote Link to comment Share on other sites More sharing options...
FairWarning Posted March 11, 2023 Report Share Posted March 11, 2023 5 minutes ago, mikeman said: Two things will happen - Blame Trump - They will get bailed out Quote Link to comment Share on other sites More sharing options...
Gmcarroll33 Posted March 11, 2023 Report Share Posted March 11, 2023 32 minutes ago, milwaukee mike said: maybe runner is realizing it's "us vs them" and not "us vs us"? repubs/dems, doesn't matter, right now we have a "uniparty" whose only goal is to make rich people richer, and poor/middle class people poorer maybe we'll send another $180 billion to ukranian billionaires while americans get fired and can't afford food, great idea You had to know it was coming. OneFooter is 100% incapable of discussing anything without turning it into a Trump discussion. I love how idiot dems like him keep throwing out the 25% national debt number created while conveniently ignoring that it was all primarily the result of covid and dem governors and mayors and Dr Falsey, while tucking and hiding from the fact that Obama doubled the entire national debt. Quote Link to comment Share on other sites More sharing options...
sleepy Posted March 11, 2023 Report Share Posted March 11, 2023 3 minutes ago, FairWarning said: Two things will happen - Blame Trump - They will get bailed out They all ready are blaming Trump Clowns are saying he deregulated banking Quote Link to comment Share on other sites More sharing options...
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