This is a great opportunity to push for secession
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US representative going to bat for a bank's depositors, good to see.
Oh, wait, it's because they're all woke corporates. What a shocker.
It is mostly because it is their buddies money.
They'd let every credit union burn to the ground and not distribute a penny in assistance.
The problem with “too big to fail” is that the people responsible don’t end up hanging from trees. You’d find a lot of rapid adjustments to the system if the elites learned to fear.
They don't even get fired, they get promoted to higher positions elsewhere.
Or simply golden paracuted out into retirement with only their hundreds of millions of dollars.
He's getting a lot of pushback in the comments from liberals.
It's pretty unpopular all around and we all need to demand our state politicians to put pressure on Congress to stop this bailout or we want out of the union.
https://archive.is/KVUuw
Dumb liberals. If businesses and investors start to believe that the government will only back the banks that are “too big to fail”, they’ll flock to them and make them even bigger. Regional banks will suffer and the Globalist banks will just get bigger and stronger
The most likely scenario it will be bank bailouts with more ESG strings attached. It will be an "equitable" bailout and the liberals will clap like seals
I.e., if you bail out one bank, banks will not take precautions because they believe they will be bailed out, and you can expect to bail out every bank from here on out until you stop bailing out banks altogether.
Same thing with amnesty - we've granted amnesty like 5x and each time we were told it would be the last amnesty. Despite that, more illegals keep coming to this country because they believe we'll eventually pass another amnesty. And lord knows our politicians would love to give it to them while telling us that this time it will be the last amnesty for real!
the system is fake and gay anyway
let it collapse and have something real take its spot
We're going to get a lot worse than 2008, and frankly, that's a good thing in the long term because it will kill this Fabian Socialist order that is trying to suicide us all.
It'll suck but yeah.
We're far enough along now that the only way out is through.
Yup. If you're on a boat in a hurricane, and you see the killer wave, you don't try to run away or turn to the side. You point your bow straight at it, and go for it.
You don't want to be like The Queen Mary.
oh hey i've been on that ship
The Queen Mary is still around? How is that possible?
it's a museum/hotel now in long beach
Ahhhh.
... and yet, weirdly, the Biden administration is completely impotent to prevent this even after a whole two years in power?
BANKS MUST FAIL
Burn It Down!
https://www.youtube.com/watch?v=lZOln8FuShQ
Banking is literally a confidence scheme. Got it.
This is the most offensive thing you've ever said. Let these banks die. Show the world that there is no money in this Wile E. Coyote economy
The real question is: are any of the depositors there not major contributors to enemy causes?
This is a woke VC firm with an FDIC sticker in their window.
Jim Cramer said a few days ago that "JP Morgan is a fortress", so I'm guessing that one's next. https://nitter.at/jimcramer/status/1634222320398086145#m
Inshallah