Some kind of bank bailout is going on?
At 3/15/23 07:43 PM, Wegra wrote:Can anyone fill me in?
Just for customers of those banks, not the bank itself or it's investors.
At 3/15/23 07:47 PM, EdyKel wrote:At 3/15/23 07:43 PM, Wegra wrote:Can anyone fill me in?
Just for customers of those banks, not the bank itself or it's investors.
So in other words practically everyone thats not rich
At 3/15/23 07:50 PM, Wegra wrote:At 3/15/23 07:47 PM, EdyKel wrote:At 3/15/23 07:43 PM, Wegra wrote:Can anyone fill me in?
Just for customers of those banks, not the bank itself or it's investors.
So in other words practically everyone thats not rich
A lot of those customers were rich.
At 3/15/23 08:05 PM, EdyKel wrote:At 3/15/23 07:50 PM, Wegra wrote:At 3/15/23 07:47 PM, EdyKel wrote:At 3/15/23 07:43 PM, Wegra wrote:Can anyone fill me in?
Just for customers of those banks, not the bank itself or it's investors.
So in other words practically everyone thats not rich
A lot of those customers were rich.
Should I feel sorry for them?
At 3/15/23 09:38 PM, Wegra wrote:At 3/15/23 08:05 PM, EdyKel wrote:At 3/15/23 07:50 PM, Wegra wrote:At 3/15/23 07:47 PM, EdyKel wrote:At 3/15/23 07:43 PM, Wegra wrote:Can anyone fill me in?
Just for customers of those banks, not the bank itself or it's investors.
So in other words practically everyone thats not rich
A lot of those customers were rich.
Should I feel sorry for them?
Up to you. I'm sure if you work for a company that had their payroll money in one of these banks you may be a concerned by it.
At 3/15/23 09:43 PM, EdyKel wrote:At 3/15/23 09:38 PM, Wegra wrote:At 3/15/23 08:05 PM, EdyKel wrote:At 3/15/23 07:50 PM, Wegra wrote:At 3/15/23 07:47 PM, EdyKel wrote:At 3/15/23 07:43 PM, Wegra wrote:Can anyone fill me in?
Just for customers of those banks, not the bank itself or it's investors.
So in other words practically everyone thats not rich
A lot of those customers were rich.
Should I feel sorry for them?
Up to you. I'm sure if you work for a company that had their payroll money in one of these banks you may be a concerned by it.
We should probably extend some sympathy to all the people who did not start the SV bank run. Those people essentially lost control of their assets based on the foolishness of a few hundred account holders.
Even the people who are above the FDIC limit—which I understand to be the vast majority of SBV account holders—some of those guys may have had their money sourced from a loan to fund their startup.
I can imagine it’s a very scary time for someone who managed to get a $500,000 loan from their bank, only to see it wiped away because some rich assholes in a Slack group thought the bank was insolvent.
At 3/15/23 09:38 PM, Wegra wrote:At 3/15/23 08:05 PM, EdyKel wrote:At 3/15/23 07:50 PM, Wegra wrote:At 3/15/23 07:47 PM, EdyKel wrote:At 3/15/23 07:43 PM, Wegra wrote:Can anyone fill me in?
Just for customers of those banks, not the bank itself or it's investors.
So in other words practically everyone thats not rich
A lot of those customers were rich.
Should I feel sorry for them?
Government takes ownership then starts liquidating assets to payback investors and customers that exceeded the FDIC insured amount of $250K. its a banking act to get investors and the everyman as much of their money back as possible from a failed banking institute as to not effect the local or regional economy. Bailouts are reserved for the to big to fails where it can be nation threatening.
Basically they are bailing out these banks once again on the tax payers dime just like they did in 2008.
At 3/16/23 07:33 PM, LittleWashu wrote:Basically they are bailing out these banks once again on the tax payers dime just like they did in 2008.
Do you actually read anything that isn't a far right sources, or limited to 280 characters from a far right source? If you did, then you wouldn't have said something so entirely false.
At 3/16/23 08:24 PM, EdyKel wrote:At 3/16/23 07:33 PM, LittleWashu wrote:Basically they are bailing out these banks once again on the tax payers dime just like they did in 2008.
Do you actually read anything that isn't a far right sources, or limited to 280 characters from a far right source? If you did, then you wouldn't have said something so entirely false.
I don't need "Far Right" sources to know that if the government pays for anything it is basically the equal of the taxpayer doing so. The government gets it's money from the taxpayers and since it was the government that bailed them out that means the people who they are supposed to be working for paid for it.
At 3/16/23 11:08 PM, LittleWashu wrote:At 3/16/23 08:24 PM, EdyKel wrote:At 3/16/23 07:33 PM, LittleWashu wrote:Basically they are bailing out these banks once again on the tax payers dime just like they did in 2008.
Do you actually read anything that isn't a far right sources, or limited to 280 characters from a far right source? If you did, then you wouldn't have said something so entirely false.
I don't need "Far Right" sources to know that if the government pays for anything it is basically the equal of the taxpayer doing so. The government gets it's money from the taxpayers and since it was the government that bailed them out that means the people who they are supposed to be working for paid for it.
*sigh
Again, if you read actual news, instead of far right propaganda, I wouldn't have to waste time pointing out to you basic facts. The government didn't bail out the banks - they failed, and are gone.
