/biz/ - Business & Finance

because you will own nothing and be happy
do you not understand what's been happening since 2020?

>>54047351
Bro 200billion is a lot of money, it would bankrupt the US

>>54047351
Next monday, worldwide, all banks will run out of money and we'll see the collapse of 2023.

>>54047428
they'll just print more!

>>54047351
Perhaps up to a certain amount per depositor to bail out the fledgling companies that are not yet profitable

>>54047351
yeah bro, just penalize everyone else and use our tax dollars to bail out tech companies because some kikes fucked up
>pic related is you

>>54047452
everyone else will be penalized if the bank run spreads

>>54047380
Ukraine receives that every two weeks.

>>54047351
The Fed intentionally caused this by lying about their future interest policy. It’s a targeted attack on fintech and crypto.

>>54047466
Literally not true retard

>>54047474
NTA, and he's wrong, but we have cumulatively given Ukraine over $200 billion since the start of this money laundering operation... I mean, very real war.

>>54047452
Tax dollars aren't used for anything. The government poofs into existence whatever money it wants. Taxes exist to redistribute wealth.

>>54047351
maybe instead of giving money to Ukraine we should fix our shit here...

>>54047428
QRD?

>>54047627
People are panicking after SVB, all banks are affected by unrealized losses from 0% interest bonds pre 2021, next monday people will try get money from their banks, making it worse.
But also! Not only old bonds are the problem, businesses and people are defaulting on their car loans and mortgages, this makes it even worse.
2008 is going to be a joke compared to 2023.

>>54047351
most SVB deposits were loans to customers created by SVB.
if we make those whole they have been allowed to create and then keep money.

>>54047380

$200B is nothing lmao, the TARP loans were $700B and these days the Fed yearly budgets are in the trillions.

I don't even think it will be necessary, though. Fact is SVB probably had the assets, they're just not all liquid right at thus very moment. FDIC can take those retarded 1.5% 10-year securities that SVB bought and give them the face value I steal of the current marker rate. Fixes SVB's liquidity problems and the Fed's won't be making a ton of interest, but eventually they'll get their money back and then some once those securities reach maturity. It's not like FDIC's job is to make money anyway, their job is to help keep the US banking system stable and healthy.

Worst case even if this can't cover SVB's liquidity needs, they just sell all their property, buildings, office supplies, etc. If they aren't going to operate as a bank anymore, they can liquidate all their assets that would have been needed to run the business and illiquid prior to the receivership.

https://twitter.com/nicktimiraos/status/1634673235982680065?s=61&t=ycy8yrWjbDeQKJ8yTIlu-w

>>54047465
Not me. My cash in in a mattress.

> print untold amounts of money in 2020
> highest inflation in decades
> "just print more money lmao"
I don't disagree, but fuck at some point we need to have a controlled burn with some pain.

>>54047541
taxes exist to oppress the underclass

all tax liabilities are passed downward onto those who can't evade them legally