And now for something really important...SVB failure.

[lustylad]

Originally Posted by VitaMan

Of course I do. You just don't get the nuances of the post...

Uh-huh. You give new meaning to the phrase "Fake it til you make it!"

[nevergaveitathought]

its painful to see, unfolding before me, such a huge mismatch of knowledge and wit

well painful in a way that is

[lustylad]

Kinda like SVB's painful mismatch of its asset/liability maturities?

The reason they're called "demand deposits" is because they're payable "on demand".

Larry Summers oversimplifies... but it appears he's partly right:

https://www.foxbusiness.com/markets/...y-summers-says

(^^^ Pssst, VM - this is what a link looks like.)

[nevergaveitathought]

i was going to say something but i held back

[lustylad]

It's ok... biomed is proud of you.

[VitaMan]

Originally Posted by lustylad

Uh-huh. You give new meaning to the phrase "Fake it til you make it!"

Typical Pittsburgh mentality. Easy to tell you haven't spent time at Carnegie Mellon.

Allan Meltzer
the shadow federal reserve

Ever heard of them ? Probably not.
But you could look it up..nah
Nobody wants to force you

How far is it from downtown Pittsburgh to Schenley Park ? That should keep you busy for awhile.

Your witty response would be: you don't know the answer to your own question ?

[VitaMan]

Originally Posted by nevergaveitathought

its painful to see, unfolding before me, such a huge mismatch of knowledge and wit

well painful in a way that is

Even more painful to see a little brother join in off key

"Daddy sings bass, Momma sings tenor, me and little brother just join right in there"

[lustylad]

Originally Posted by VitaMan

Even more painful to see a little brother join in off key

"Daddy sings bass, Momma sings tenor, me and little brother just join right in there"

Originally Posted by VitaMan

Thanks for joining in.

"Daddy sings bass, Momma sings tenor, me and little brother just join right in there "

Find some new material. That wasn't worth a chuckle the first time you used it, in post #80 of this thread.

But then, you're just here for the post count, not to stimulate any serious thinking or conversation.

[VitaMan]

This is so important to you. Too bad you are unable to understand the nuances. Then you would be able to provide some thought. You are just constantly in the attack mode because you believe I am on the left of center.

And don't get so hung up on deposits. You are discussing elementary things which don't reveal anything new.

You're approaching troll status. Try to be an asset...not a liability.

[nevergaveitathought]

Originally Posted by VitaMan

Even more painful to see a little brother join in off key

"Daddy sings bass, Momma sings tenor, me and little brother just join right in there"

i've never been one to kick someone when they were down

your post got me in my heart, reminding me of a kicked around mutt who nuzzles up to you, half in fear, half for acceptance

i knew plenty of those type of kids growing up

or then again, maybe i'm reading it wrong

[VitaMan]

So cute

Anything on the thread topic ? Or just trolling ?

Or in your case, just mention if you made a deposit or withdrawal today, if that's all you are capable of contributing.

[Salty Again]

Originally Posted by VitaMan

So cute

Anything on the thread topic ? Or just trolling ?

Or in your case, just mention if you made a deposit or withdrawal today, if that's all you are capable of contributing.

... YOUR last 4 posts here have NOTHING to do
with the topic. ..... Poor form.

.... Let's get back to the discussion of the banks.

HERE COME more collapses - and MORE bail-outs... $$$$
Everything Biden touches turns to shit.

#### Salty

[royamcr]

Originally Posted by the_real_Barleycorn

The Silicone Valley Bank failed today. Kaput...gone! People lost their deposits, investments, and retirements. Oh, don't worry, it was only rich people says the left. The left should be worried. Besides being one of the largest collapses since 2008, many important people were touting the value of SVB right up until this month. Washington DC regulators (you know, Biden's crew) were blindsided by events. This bank was also fully invested in ESG practices, you know, Environmental Social Governances. A very left wing philosophy. The CEO and some of the top executives were selling their stock while the getting was good. So...

Why did the regulators fail to see this coming? Was money involved? Was it the incompetence of people more concerned with global warming than people?

SVB is allowed to promote itself even when it is failing. Did the celebrities, government officials, and media personalities take a payoff to give bad advice?

What will this do to the rest of the economy? The Fed is more concerned with diversity than their real jobs.

Did any of our braggart brethren lose their shirts and the their hobby funds?

In their own words https://www.svb.com/

No man (or company) is an island https://www.msn.com/en-us/money/comp...ty/ar-AA18tMUC

https://www.msn.com/en-us/money/mark...wn/ar-AA18ttdN

Better late than never I guess https://www.cnbc.com/2023/03/10/sili...-deposits.html

Thanks trump for relaxing Dodd-Frank act. Those provisions would have prevented this.

[lustylad]

Originally Posted by royamcr

Thanks trump for relaxing Dodd-Frank act. Those provisions would have prevented this.

Thanks man, for parroting Liz Warren's new talking point. Now can you do everyone a favor and cite the specific Dodd-Frank provision that would have prevented the collapse of SVB, had it not been relaxed?

Fauxcahontas couldn't.

[The_Waco_Kid]

Originally Posted by royamcr

Thanks trump for relaxing Dodd-Frank act. Those provisions would have prevented this.

oops!


Barney Frank Pushed to Ease Financial Regulations After Joining Signature Bank Board


Former congressman and co-sponsor of the Dodd-Frank bill says there is no evidence the change enabled bank’s failure

https://www.wsj.com/articles/barney-...board-e5c8819c