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/biz/ - Business & Finance

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54093622 No.54093622 [Reply] [Original]

Thank you President Biden for saving the banking industry

>> No.54093654

>>54093622
>Thank you President Biden for saving the banking industry

i dont think this is over yet

>> No.54093661

>>54093622
zzzzzzzz *click* BRRRRR BRRRRRRR BRRRRRR BRRRR BRRRRRR BRRRRR *click* zzzzzzzzz *click* BRRRRR BRRRR BRRRR BRRRR BRRR BRRRR BRRR

w-who what? kam-kamal-kamel-kamaltoe? Kamala?

>> No.54093712
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54093712

the recession is canceled

>> No.54093847

>>54093622
>at no cost to the taxpayer
Based Biden! He can literally materialize anything out of thin air! What a hero!

>> No.54093928

Based MMT President

>> No.54093962
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54093962

>no cost to the taxpayer

>> No.54093998

Fuck you nigger faggot biden for aiding the (((banking industry)))

>> No.54094022

>>54093962
kek this, enjoy your 25$ loaf of bread mutts

>> No.54094067

Safe and effective

>> No.54094125

>>54094022
Nah, they're doing shrinkflation because numbers going up is too obvious to the plebs

>> No.54094295

>>54093622
>at no cost to the taxpayer
>the cost to the taxpayer is transitory
>the cost to the taxpayer is good
>Joe Biden wins re-election with 104 million votes

>> No.54094345
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54094345

>>54094295
>>54094022
Democrats deserve physical violence.

>> No.54094712

>>54094345
this

>> No.54094745

Ha Ha it´s Weimar time

>> No.54094765

>>54093622
Well goddamn sleepy joe, how the fuck did you manage to do it at no cost to the taxpayer

>> No.54094987

Well son of a bitch

>> No.54095012

>>54094765
>Well goddamn sleepy joe, how the fuck did you manage to do it at no cost to the taxpayer
By taking over SVB's assets. SVB and their shareholders will get nothing, that makes it way easier to guarantee depositor's money. The danger in this isn't that taxpayers will foot the bill, it's that this signals to depositors that the government will guarantee their money no matter how much it is. However, letting the domino effect cause bank runs on multiple banks is even more dangerous. In this lose/lose situation caused by greedy Jews, Biden actually did the right thing for once.

>> No.54096546

>>54095012
No, because ripping the arsehole out of Silicon Valley VC ponzi schemes would have been a localised, but very deflationary event. Letting SVB go under along with a 50bps rate rise would have buck broken inflation. Instead, we're now rushing for Project Zimbabwe having burned the last bridge back.

>> No.54096573

For the unvaccinated, you’re looking at a winter of severe illness and death for yourselves, your families, and the hospitals you may soon overwhelm.

>> No.54096604

lol if u trust what he say, i have a bridge to sell u

>> No.54096628
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54096628

>>54096573
Luckily I'm safe.

>> No.54096648

>>54095012
It's not enough. The entire financial system is like a house of cards. They all own fractions of each other. A single failure can bring it all down together. The only upside is that if investors aren't getting their money back, that's hundreds of billions that could evaporate out of the economy, and is a deflationary measure. But it won't be enough.

>> No.54098328

>>54093622
Socialising the losses of the wealthy onto the poor and you thought the left cared about the poor.

Does he see yet, there is no left or right.

>> No.54098430

>>54096546
>No, because ripping the arsehole out of Silicon Valley VC ponzi schemes would have been a localised, but very deflationary event
Not if it causes a nation-wide bank run, which is exactly what this is trying to prevent.

>> No.54098530

>>54093622
Boomers will non-ironically nod and believe this

>> No.54098568

>>54098430
>All the imaginary money and trust me bro valuations immediately reset.
Yes please.

>> No.54098618
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54098618

>>54093622

>> No.54098628

>>54093622
The funds are gathered via a tax on the banking industry, who will pass these costs onto their customers. Banking customers and tax payers are a 1:1 mapping. The ven diagram is a circle.

>> No.54098738

>>54096573
We have put together I think the most extensive and inclusive voter fraud organization in the history of American politics.

>> No.54098901

>>54094125
Can't shrink eggs

>> No.54098924

2 trillion QE

>> No.54098936

>>54093622
Absolutely based. Thank you Jim Brandom!

>> No.54098942

>>54093962
Just to be sure I don't look like a retard, how can you guys know they'll print for this bailout?

>> No.54099052

*delaying the inevitable

>> No.54099074

>>54098628
The blame game is just a distraction from the fact that we all pay for everything.

Why do we need to be distracted from that? probably the natural resources that are sold to us, and the damage they xause can be blamed on our use of them.

Make money, blame individual, Fade into the shadows.

The only fair system is actually socialism because we are all affected by everyones actions. Having succeeded at business is not a scorecard for helping our race thrive. It's basically a requirement of business that you kill a few people so maybe we should change that

>> No.54099080

>>54098942
because they don't have any other way to get that money

>> No.54099164

merchant biden

i could die for you

thank you greatest ally

>> No.54099302

>>54099074
>It's basically a requirement of business that you kill a few people so maybe we should change that
And why do you think it's a requirement? Do you think some malicious asshole decided one day to force that notion on people and for no reason whatsoever everybody has always done that no matter what timeframe or economic system even though there's this super amazing ultra viable alternative that not only has no cost but is strictly better in every way? Don't be a retard. Power has avenues by which it works and these don't change no matter how much make believe you play.

>> No.54100207

>>54099080
How often do the fed release their printing numbers? M1 or M2 I don't remember. I just wonder when we'll be able to see the correlation

>> No.54100216

>>54098618
>Barney Frank on the board of Signature Bank, nipples protruding, very disrespectful!

>> No.54101712

>>54095012
SVBs assets don't total up to the full amount they owed depositors. The Fed bought their assets for way more than they're currently worth to give the FDIC enough cash to pay depositors.
The printer paid for this.