The republican alternative channels are even worse. But what’s worse than all of it is the commercials. Corporate ads are repeated in idiotic redundancy. As if we all have AIDS, and we’re going to ask our doctors to prescribe your overpriced crime. Commercialized news is a poltical crime and survives like everything else, on poltical dereliction.
They call that free market capitalism. It’s not that at all, but it sounds better than the truth. So that’s what they say. Like our commerce is somehow decided by supply and demand and not a generational scam to monopolize “growth” profits for those who “own” the production.
Oh, that’s rich.
Those who looted our treasury, pick winners and losers based on their political allegiance to the scam. If you are against the corporate overthrow of our democracy, like myself, you don’t receive the corporate gravy-work that you need to succeed in business, like ’the connected”. So the corporate conspiracy economy can literally control who succeeds and who fails on Main Street. They can provide or deprive work to businesses based on their political allegiance. And they do, while they invest in taxpayer bailouts, and succeed.
That’s how the system works. I’m not gonna do a deep dive into the minutia of that right now. Suffice to say the economy is sustained by corruption and public debt. The massive inequality produced by our public debt is a political crime.
Then you say wait, it’s only 150% of our GDP, we can sustain that. That’s when I stick my middle finger in your face and say your full of it. The financial sector is so corrupted that the GDP is as fraudulent as their earnings. The profits are a scam and can only be sustained by a government corrupt enough to prevent the economic correction the public requires.
The list of political crimes around here is very long. A political crime is when the government breaks the law or refuses to interpret the law correctly. Or when they neglect to prosecute those who break the law. They become the crime.
The news media is absolutely complicit in this fake news conspiracy. Three banks failed and the coverage lasted for as many days. The lone gunman who ran the SVB bank into the ground was hardly mentioned and nobody knows his name, like we knew the name of the lizard kid, Sam, from FTX. The news would prefer to inform you about Donald Trump, to keep their ad revenues up and keep you stupid, when it comes to political solutions. Seems to be working.
I’m too busy and too smart to waste my time with the fake news. I gotta mention though, what the lizards just did. They robbed the banks and the media pleaded stupidity for them. This kind of crime can only happen with the collusion of the entire establishment. Like the filibuster the establishment is wrong in a form of harmonic stupidity. They’ll call it group think, someday, but it’s not. It’s corruption. It’s a denial of their own complicity in the crime, disguised as stupid.
They’re all in on it.
Without that harmonic stupidity there would be justice for the public. These bank failures were massive premeditated crimes that they actually had to legislate to be legal in order for the crimes to succeed, and they did. Their political crime paid off, resulting in the bailouts they invested in.
Our monetary policy is a political crime against the public. It is an act of institutional fraud for profit that is allowed by the establishment. And nobody notices. Nobody seems to care.
The establishment has no clothes.
From left to right the professionals are calling the bank failures out as some kind of incompetence, as opposed to the crimes that they are. The system is fine, they say, as the banks “fail”. The problem is not systemic, it’s just bad risk management and that’s not a crime, they explain.
The system is working fine.
I’ve watched about all the news on the bank failures I could find, which became increasingly little, real fast. I’m not going to do a “news” breakdown on the details because this “system” pays people to do that for you. I’ll just point out how you can tell that they are all lying to you.
These bailouts are a crime pure and simple. Bailouts are a business model by design, to steal money from the public. Money, which equates to political representation, and because money is representation, the bailout is taxation without representation. Those were fighting words.
The scam is a business model. If the bank didn’t fail they wouldn’t get bailed out with public money. So, the bank had to fail. The failure is always intentional. It’s a way, after stealing their market gains, to get a bailout.
The forum is open for your harmonic stupidity.
There’s more holes in this official story than in Swiss cheese. A few notable mentions are that the depositors got bailed out this time, not the investors, they say. That’s because the investors and the depositors were the same people in the same scam.
They deposited their money into the banks to be insured so they could invest that money x10, into their stupid “start-ups” that are designed to extract money from market fluctuations from “the sheep” and then fail in a timely fashion to maximize their extractive profits from the taxpayers.
So much for the bank run. Oh no, people took their money out. So what? So what if you don’t have the forty billion in cash to cover the withdrawals? So what? It’s all electronic money anyway, so Insolvency is a political choice.
The choice was to take the public’s money with a bailout, so the bank had to fail on purpose. The idea that the banks investments lost so much value that the bank became insolvent is absurd. Somehow they lost so much money on long-term bonds and mortgage backed securities, they say, that the bank crashed. As if nobody is listening.
The SVB investment model was supposedly so over-leveraged that a few points of interest caused everybody’s money to vanish. And now your money is gone. Hey, Look at Trump!
Then Joe Biden, our fearless, tool for the lizard elite, leader, says everybody gets a bailout now. We will guarantee all bank deposits for any amount now, from now on, as he proposes a $7 trillion dollar budget, appropriated to grease the institutional funding required for capitalism to continue “succeeding”.
Post de-facto bailouts for the corrupt.
Supposedly unaware of the obvious scam, our president is so naive he will give the scammers the benefit of the doubt. As does literally the entirety of the establishment. It’s by design..
The FRS works with other regulatory agencies, such as the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC), to establish and enforce capital requirements for banks. These requirements are designed to ensure that banks have sufficient capital to absorb potential losses and maintain their financial stability. The FRS regularly evaluates and monitors banks’ compliance with capital requirements and may take regulatory action, such as imposing sanctions or restrictions, for non-compliance.
They’re all in on the crime.
The same drug, insurance, and investment commercials just keep pounding the news viewer, year after year, while the news of the bank failures passed as fast as the super-bowl, with less fan-fare. Nobody cares. Business as usual.
Except for being reported occasionally in the future, with irrelevant updates, it’s over now, till the next bailout. Bailouts are just business as usual. The establishment merely pretends to object to the moral hazard of financial conspiracies and unethical stimulus scams, but they don’t. The bailout and the bank failure are the same crime, legislatively designed, committed perpetually, to profit the establishment and those invested in the extraction scam of fluctuating values.
Business as usual.
Making robbing the bank legal is the only way that they can sustain such a massive extraction of wealth from the taxpayers. So that’s what they’re going to do, they say. They will insure all deposits for any amount from now on, and look forward.
After looting our social-security system, to profit their extraction scam, they have decided that the only way they can continue to protect and defend their unsustainable scam against the public, is to make the scam legal. It’s a much more efficient way to steal money from workers and taxpayers. The bankers will invest in the scam, leveraged for maximum gain, and then succeed by the public failing again and again. Their private profits will rise in tandem with ever-increasing public debt.
Capitalism, they call it.
Who needs to invest in growth when you can simply deposit your money in the bank so the scammers can steal it. They get to keep your money but the government will have your back. So don’t worry. What’s a little inflation among friends? We’re all in this together, they say. Trickle down is coming your way real soon. Someday you’ll have lots of money. Then you can go shopping. It’s good for the economy.
They say.
The FDIC has accidentally released a list of companies it bailed out for billions in the Silicon Valley Bank collapse
Here’s an excerpt:
Former Vice President Mike Pence argued that backstopping all depositors amounted to a bailout, a depiction the Biden administration has pushed back against strenuously. Pence blasted the government’s decision to insure all deposits, in part, because the move would cover Chinese companies that did business with the bank.
In May, the FDIC proposed tagging the largest banks with billions of dollars in extra fees to replenish the US government’s bedrock deposit insurance fund after it was tapped to backstop deposits above the $250,000 threshold. At the time, the regulator estimated the decision to cover all depositors at SVB and Signature cost the fund about $15.8 billion.
FDIC Chairman Martin Gruenberg has previously said that at SVB the guarantee to uninsured depositors covered small and midsize business, as well as those with very large balances, and that the bank’s top 10 depositor accounts held $13.3 billion total.
The new document underscores that in addition to serving a legion of startups and fledgling businesses, SVB was a go-to bank for tech industry giants, including some that have kept their relationships with the bank confidential.
- The $1 billion that Sequoia, the firm famous for backing iconic companies including Apple, Google and WhatsApp, had at SVB made up a fraction of its $85 billion assets under management. In addition to maintaining its own accounts at the lender, the firm also recommended every startup it backed do the same, Michael Moritz, a partner at the firm, wrote in the Financial Times. A representative for Sequoia declined to comment on the depositor list.
- Kanzhun, which had $902.9 million in deposits with SVB according to the document, didn’t respond to multiple emailed requests for comment. The company, which was heavily backed by Chinese giant Tencent before it went public on the Nasdaq in 2021, was among the largest Chinese companies to IPO in the US that year.
- Altos Labs Inc., a life sciences startup that works on cell regeneration, had $680.3 million in deposits with the bank. The privately held company has raised $3.27 billion from billionaires including Jeff Bezos and Yuri Milner, as well as Mubadala Investment Company and other investors. An Altos representative declined to comment.
- Payments startup Marqeta Inc. had $634.5 million at the bank, according to the document. In a statement, the firm acknowledged that it had “significant deposits” at SVB, but was already in the process of moving money to other banks. “While Marqeta supported the decision to guarantee all deposits at the bank, our ability to execute as a business and meet our financial obligations would not have been impacted, even if it was a longer resolution process” the firm said.
- IntraFi Network, which provides deposit services to financial institutions, had $410.9 million worth of deposits at the bank, according to the document. However, in a statement, the firm said that it didn’t actually have any of its own money with the lender, nor was it a client. The amount, rather, represents the funds of almost 2,000 different depositors whose balances were fully insured when SVB collapsed, according to IntraFi.
- Crypto stablecoin company Circle Internet Financial Ltd. previously disclosed its SVB deposits, which at the time represented 8.2% of the reserves backing its USD Coin. A spokesman said the company had no additional comment. The USD Coin, which is intended to maintain a 1-to-1 peg to the dollar, briefly drifted from that $1 level on the news of Circle’s exposure. The document listed it as SVB’s biggest depositor with a balance of $3.3 billion.
- Streaming set-top box maker Roku Inc. also previously disclosed having roughly 26% of its cash and cash equivalents parked at the bank. The document listed its balance at $420 million. A Roku spokesman declined further comment.
- Fintech company Bill.com previously disclosed it had roughly $670 million at the bank. The firm said the amount included about $300 million of its money and $370 million that belonged to customers. A company spokesman declined further comment. The FDIC document listed Bill.com’s total balance at $761.1 million.
And finally, a timeline on Youtube: Creative Liberty for the SVB banking collapse and the FDIC emergency bailout.