ALL THOSE LIBERTARIANS WANTING THE FEDS TO BAIL TO HELP THEM OUT NOW.
Just spitballing here, but it seems like the “please bailout SBV” crowd would be getting a lot more traction if they identified a proper villain.
Peter Thiel started this bank run. All of his companies got their money out, and collapsed the bank used by all their competitors.
The vulture capitalists who call canceling student debt a dangerous socialist experiment are now begging for a bailout for Silicon Valley Bank after spending millions lobbying to deregulate it. Dr. King was right. We have socialism for the rich, rugged capitalism for the rest.
Bail out the 15 million working class Americans that are going to get kicked off Medicaid and 40 million that will have their food stamp benefits reduced at the end of the month. They are essential to the functioning of our economy.
Department of Treasury, Federal Reserve and FDIC announce a bailout using the term “protected” for #SVB Basically to all those students in debt FUCK YOU we need to protect the wealthy
Systemic Risk of Bank Runs
Fed Panics: Signature Bank Suddenly Shuttered; Fed, TSY, FDIC Announce Another Banking System Bailout
U.S. says ‘all’ deposits at failed bank will be available Monday
Regulators also closed down Signature Bank of New York on Sunday, and said they are extending protection to those depositors.
FED JUST BAILED BANKS
🚨#bailout of depositors of *BOTH* SVB & Signature Bank (!!!)
+ Fed bailout — additional funding measures for banks
Took them less than 48 hours to bail out Silicon Valley Bank
Silicon Valley Bank’s “equity and bondholders are being wiped out. They took a risk as owners of these securities. They will take the losses. What is being helped are the depositors.”
Virtually every private equity vampire who opposed student loan forgiveness is begging for a bailout and it’s hilarious
INFLATION TO KEEP RUNING HOT:
* loans of up to 1yr to banks vs US Treasuries, agency debt & mortgage-backed securities + other assets as collateral
* Fed valuing these assets at *par*🤯(🚨THERE’S THE BAILOUT🚨)
#bailout of depositors of *BOTH* SVB & Signature Bank (!!!)
+ Fed bailout — additional funding measures for banks
https://home.treasury.gov/news/press-releases/jy1337
March 12, 2023
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg:
Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.
Virtually every private equity vampire who opposed student loan forgiveness is begging for a bailout and it’s hilarious
Treasury Secretary Janet Yellen says the federal government won’t bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money.
Silicon Valley Bank execs begged for deregulation
Sold $4 MILLION+ in stock in the past few days
Paid themselves huge bonuses JUST HOURS before it imploded
And right before begging the American people to bail them out
But yea let’s keep giving these greedy fucks tax breaks🙄
South Park calls it again.
This is basically SVB, Wells Fargo, JP Morgan, Bank of America, and Citi right now. Covid proved our government has no issues letting our businesses fail. No bailouts. You don’t deserve a bailout for financial mismanagement.
David Sirota
This is rational: Reject a bailout, force the shareholders/execs to take the haircut, protect the depositors and extend the same such protections to all depositors in America.