Ketchup is on the walls at Mar a lego this morning as Emperor Golden Doreto finds out Signature Bank is also failing, NY regulators are taking it over... seems the Emperor had a number of accounts with that bank including checking... So Jeff, time to throw a 20 Megaton shit fit in honor of Donald... so happy Monday... keep slapping these folks
I hate the word woke. I hate the people who use the word woke. They're stupid and lazy. Get a dictionary and thesaurus if you don't have the vocabulary to speak like an adult.
Comer and DeSantis are the most irritating of the Republicans pushing their faces in front of every select camera they can find. There's one little ray of light in here, 59% of the country thinks "woke" is a good, positive thing. But hey, they're pushing MAGA message. Just waiting for MAGA Trump fatigue which is trickier when that segment of your base is so filled with rage and hate, they won't vote unless you feed that. And another good thing about Comer along with Gym Jordan is even the Republicans who want these investigations think they're going nowhere fast. See what incompetence will get you, fellas?
The orange pustule wearing clown makeup was not the one who started the name calling. It’s been a technique of the ignorant, backwards, dishonest, rigid, white ‘conservatives’ since before the civil war.
Great points! Speaking of “common threads”: Remember that time the Trump administration fired the U.S. pandemic response team in 2018 right before a global pandemic?
I suspect that the word was used because a whole lot of the startups funded through SVB were working on green energy issues. To a Republican that is just as woke as reading a book about two penguin daddies.
I'm not sure that SVB deserves all the invective you poured on it. The main concern was the startups unable to meet payroll. Not every startup in Silicon Valley is a tech mogul. It would be a shame to punish those who were trying to create something good simply because the banks made a mistake.
And mistake it seems to have been. Not horrible mismanagement but failing to foresee rising interest rates and buying only long-term treasury bonds before rates went up. It was having to sell these at a loss to meet cashflow needs that started the run on the bank. Yes, they should have had a diversified portfolio of bonds but it wasn't like management was embezzling or relying on risky investments like mortgage-backed derivatives. I don't think the bank itself should be bailed out, however. It should be accountable for its mistakes.
Big venture capitalists might benefit indirectly from saving the startups, but society might lose immeasurably by letting them fail. After all, venture capitalists whose life revolves around figuring out promising startups have by giving them money endorsed the idea that they ARE promising and will create something of social or economic value. If the start-ups get their operating money, the venture capitalists will be at exactly the same risk level as they were when they invested the money. If they guessed the risk wrong, they will lose. But why should they AND the startups lose because of BANK error?
The government has found a solution that doesn't involve a bailout, and I applaud them for it--allowing loans collateralized by those long-term bonds to meet short term cash flow. Someone has pointed out the analogy of borrowing from your 401K. Another analogy would be getting a line of credit to deal with something not covered by insurance, like rot from a slow leak. (Who gets the loans, I'm not sure, but they appear to come from the FDIC funds which are paid for by the banks, not the taxpayers.)
Bottom line: looking for something practical to do is way better than hurling invective, from either side.
Ketchup is on the walls at Mar a lego this morning as Emperor Golden Doreto finds out Signature Bank is also failing, NY regulators are taking it over... seems the Emperor had a number of accounts with that bank including checking... So Jeff, time to throw a 20 Megaton shit fit in honor of Donald... so happy Monday... keep slapping these folks
I hate the word woke. I hate the people who use the word woke. They're stupid and lazy. Get a dictionary and thesaurus if you don't have the vocabulary to speak like an adult.
“Holy crap.
Perhaps a woke, emasculated military is not the best idea....”
Says the guy who never served a day in his fucking life. I sure *would* like him to say that to this retired Army Officer. 😂
Comer and DeSantis are the most irritating of the Republicans pushing their faces in front of every select camera they can find. There's one little ray of light in here, 59% of the country thinks "woke" is a good, positive thing. But hey, they're pushing MAGA message. Just waiting for MAGA Trump fatigue which is trickier when that segment of your base is so filled with rage and hate, they won't vote unless you feed that. And another good thing about Comer along with Gym Jordan is even the Republicans who want these investigations think they're going nowhere fast. See what incompetence will get you, fellas?
Preach!
Until they become conscious, they will never rebel. - George Orwell, 1984
‘Woke’ the new word for ‘socialism’.
The orange pustule wearing clown makeup was not the one who started the name calling. It’s been a technique of the ignorant, backwards, dishonest, rigid, white ‘conservatives’ since before the civil war.
Great points! Speaking of “common threads”: Remember that time the Trump administration fired the U.S. pandemic response team in 2018 right before a global pandemic?
I suspect that the word was used because a whole lot of the startups funded through SVB were working on green energy issues. To a Republican that is just as woke as reading a book about two penguin daddies.
I'm not sure that SVB deserves all the invective you poured on it. The main concern was the startups unable to meet payroll. Not every startup in Silicon Valley is a tech mogul. It would be a shame to punish those who were trying to create something good simply because the banks made a mistake.
And mistake it seems to have been. Not horrible mismanagement but failing to foresee rising interest rates and buying only long-term treasury bonds before rates went up. It was having to sell these at a loss to meet cashflow needs that started the run on the bank. Yes, they should have had a diversified portfolio of bonds but it wasn't like management was embezzling or relying on risky investments like mortgage-backed derivatives. I don't think the bank itself should be bailed out, however. It should be accountable for its mistakes.
Big venture capitalists might benefit indirectly from saving the startups, but society might lose immeasurably by letting them fail. After all, venture capitalists whose life revolves around figuring out promising startups have by giving them money endorsed the idea that they ARE promising and will create something of social or economic value. If the start-ups get their operating money, the venture capitalists will be at exactly the same risk level as they were when they invested the money. If they guessed the risk wrong, they will lose. But why should they AND the startups lose because of BANK error?
The government has found a solution that doesn't involve a bailout, and I applaud them for it--allowing loans collateralized by those long-term bonds to meet short term cash flow. Someone has pointed out the analogy of borrowing from your 401K. Another analogy would be getting a line of credit to deal with something not covered by insurance, like rot from a slow leak. (Who gets the loans, I'm not sure, but they appear to come from the FDIC funds which are paid for by the banks, not the taxpayers.)
Bottom line: looking for something practical to do is way better than hurling invective, from either side.