T1B

poptart wrote:The futures have responded positively (so far).

Dow, S&P, and NAZ are all up well over 1%.


This will be interesting.

Softball Bat wrote: ↑Mon Mar 13, 2023 12:36 pmWe'll see what Brandon has to say --

Softball Bat wrote: ↑Mon Mar 13, 2023 4:15 pm Bank stocks are being decimated today, with a couple dozen having trades halted.

Despite that, the S&P, Dow, and NAZ are all positive.


Fascinating.

Sven Golly wrote: ↑Mon Mar 13, 2023 6:40 pm Sig Bank failed because of crypto. If you're done with GE&H, try Calvin And Hobbes douchebag.

Kierland wrote: ↑Mon Mar 13, 2023 8:59 pm “Trading halted for multiple US banks.

Western Alliance Bancorp down 75% First Republic Bank down 66% Customers Bancorp down 54% PacWest Bancorp down 46% Zions Bancorp down 44% Bank of Hawaii down 42% Comerica down 39% East West Bancorp down 32%”

Are those run by Queers or cryptobros?

Kierland wrote: ↑Mon Mar 13, 2023 8:59 pm “Trading halted for multiple US banks.

Western Alliance Bancorp down 75% First Republic Bank down 66% Customers Bancorp down 54% PacWest Bancorp down 46% Zions Bancorp down 44% Bank of Hawaii down 42% Comerica down 39% East West Bancorp down 32%”

Are those run by Queers or cryptobros?

Sven Golly wrote: ↑Mon Mar 13, 2023 6:40 pmSig Bank failed because of crypto.

mvscal wrote: ↑Tue Mar 14, 2023 6:01 pm

Sven Golly wrote: ↑Mon Mar 13, 2023 6:40 pmSig Bank failed because of crypto.

...maybe. Or maybe their priorities were fucked.

https://rumble.com/v2d4agc-signature-ba ... ilure.html

This just breaks the cringe-o-meter. Holy Fuck...

Donnie Baker wrote: ↑Tue Mar 14, 2023 7:09 pm

mvscal wrote: ↑Tue Mar 14, 2023 6:01 pm

Sven Golly wrote: ↑Mon Mar 13, 2023 6:40 pmSig Bank failed because of crypto.

...maybe. Or maybe their priorities were fucked.

https://rumble.com/v2d4agc-signature-ba ... ilure.html

This just breaks the cringe-o-meter. Holy Fuck...

Anybody have the redhead's Instagram?

Barney Frank, a co-author of key banking legislation, was on the board of one of the failed banks.

Barney Frank, the former congressman from Massachusetts who helped write the Dodd-Frank Act — the legislation passed in the wake of the 2008 financial crisis with the intention of shielding the economy from a similar crisis — said on Monday he was disappointed in the decision of regulators to shut down Signature Bank on Sunday, where he had been a board member since 2015.

Mr. Frank said in an interview on Monday that the bank’s failure had come as a shock to him, because its situation seemed to have stabilized by Sunday. Regulators, he believed, took control of Signature to send a message to other banks to stay away from cryptocurrencies.

“They shoot one man to encourage the others,” Mr. Frank said, referring to an adage about using a single military execution as an incentive for the subject’s peers to behave differently that he thought applied to the regulators’ handling of Signature. “I think we were shot to encourage the others to stay away from crypto.”

Signature, which took deposits from digital asset companies, was known as a crypto-friendly bank, even though it did not directly deal with cryptocurrency assets.

But Mr. Frank’s interest in the bank related to its focus on making loans to developers building affordable housing and accessing the federal low income housing tax credit, a system that Mr. Frank championed during his time in Congress.

“What had attracted me to it, and still does, is its role as a multifamily housing lender,” he said.

https://www.nytimes.com/2023/03/13/busi ... -bank.html

Barney Frank

Billionaire investor Carl Icahn on CNBC wrote:I can’t talk about next week or even next month but inflation is the worst thing an economy can have and I think people underrate that. If you look in history, every hegemony has been destroyed by inflation or almost everyone. I mean, just go back to Rome. That’s what happens and one of our major problems I think in this economy right now, is is there is no leadership on the corporate level, you know, forget politically and I’m not going to get into politics, but I think you do feel that in Washington, nobody knows what’s really going on

Kierland wrote: ↑Wed Mar 15, 2023 6:45 pm So he clearly calls out the corp kleptos and you read that as “fuck DC”, wow.

Diego in Seattle wrote: ↑Wed Mar 15, 2023 7:35 pm Huge inflation.

Record corporate profits.

Gee, I wonder what's causing the inflation???

Kierland wrote: ↑Thu Mar 16, 2023 12:49 am That extra money comes from magic land not from the goods or services they sell.

Sin,
Pedokkkal

Kierland wrote: ↑Fri Mar 17, 2023 3:20 pm I threw up in my mouth a little when I read you call Dump your guy. But please explain how anything other than raising prices causes inflation. In 2005 I charged $1500 for a standard DUI. Ten years later I still charged the same but more money had been printed. Costco still charges the same for a hotdog. Arizona Teas are still 99cents. So obviously printing money doesn’t cause inflation.