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39
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posted 3 years ago by Wizard18 3 years ago by Wizard18 +39 / -0
15 comments share
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Comments (15)
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▲ 23 ▼
– dagthegnome 23 points 3 years ago +23 / -0

And JP Morgan will get to purchase them all for pennies on the dollar when they would not normally be able to.

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▲ 14 ▼
– RaceCreatesCulture 14 points 3 years ago +14 / -0

Exactly. Sounds a lot more like controlled demolition than a "crash". Kind of like 911.

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▲ 17 ▼
– Kaarous 17 points 3 years ago +17 / -0

Told you, Imp. This collapse is about way more than media hype.

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▲ 21 ▼
– Gideon-Syme 21 points 3 years ago +21 / -0

But have you considered that wahmen exist and that’s a problem? Checkmate tradstuck!

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▲ 3 ▼
– deleted 3 points 3 years ago +3 / -0
▲ 10 ▼
– Devidose 10 points 3 years ago +10 / -0

He hasn't posted in 17 hours so let's see if he shows up or was hit by a bus/eaten by a bear. Or hit by a bear and eaten by a bus, this timeline is weird these days.

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▲ 3 ▼
– deleted 3 points 3 years ago +3 / -0
▲ 8 ▼
– Kaarous 8 points 3 years ago +8 / -0

Of course they say their financials are stable. To say anything else would be to slit their own throats.

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▲ 1 ▼
– deleted 1 point 3 years ago +1 / -0
▲ 7 ▼
– Kaarous 7 points 3 years ago +7 / -0

There's no evidence to the affirmative either. The problem here is that the entire banking, even the entire financial industry has no credibility. I have no reason to believe anything they say, anything their reports say, or anything else about this situation.

The industry that sold each other bad mortgages in a circle to inflate their books doesn't get the benefit of the doubt. Period.

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▲ 1 ▼
– deleted 1 point 3 years ago +1 / -0
▲ 11 ▼
– ArchRespawnsAgain 11 points 3 years ago +11 / -0

Don't worry. They'll get bailed out with our money. I hope no one was planning on retiring prior to turning 95.

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▲ 9 ▼
– Devidose 9 points 3 years ago +9 / -0

I ran the numbers recently and worked out I can retire at 65 and live comfortably for about 8 minutes. I'm feeling optimistic about things 👍

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▲ 9 ▼
– dekachin 9 points 3 years ago +9 / -0

The Biden admin stupidly sent out the message that regional banks were unsafe while big banks would always be safe.

So all the big depositors acted rationally and switched their accounts to the big banks.

The Biden admin also caused this by massively inflating the currency, crashing Treasury bond values & causing the crisis in the 1st place.

Liberals are stupid when it comes to economics. They always do dumb shit and ruin everything they touch with their idiotic ideology.

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▲ 1 ▼
– MassivePecorino 1 point 3 years ago +1 / -0

Liberals are stupid when it comes to economics.

Or evil. Coward-Piven is a thing.

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