Today In Biden Land

[Kirkland Laing]

I did notice that the last few days on twitter contained quite a lot of all caps posts, looked pretty suspicious.

So has the actions of the federal reserve protected the Americans from a massive fallout form svb collapse? I assume a lot of businesses get their money from there and if was to vanish that could bigger a lot of people, so crisis averted for now?

So if one banks collapse is a disaster what would happen if the us defaults? Like some lovely chaps seem to try to push for every chance they get.

A lot of businesses get their money from the Federal Reserve?


Imagine if the GOP force America to default. The reason mass panic/bank runs were just averted is that the authorities, Fed chair, Treasury Secretary, Biden all came out and told the American public your money is safe, your deposits are safe, the government will guarantee and insure every penny you have deposited. If the country is in default, if the government is being prevented from paying its bills because the GOP have refused to let them, what happens when there's any kind of sign of a bank being in trouble? Are people going to believe that the government will guarantee their money when the government is being prevented from paying its everyday bills*? One bank being seen to be in trouble could start a mass panic and queues both physically and digitally outside every bank of people trying to get their money out. Supermarket shelves empties, ATMs emptied, mass panic, riots and so on. And you have fraudulent haired motherfuckers out their and their fellow travellers who would be fuelling and encouraging the whole thing for their grifts and profit. You could get this going global in about five minutes given the centrality of the dollar to global finance and business. And this is just one second order effect from a debt default.


*When the GOP say they're going to force a default to stop more money being spent the bills they'd be preventing the government from paying are bills that congress already authorised and voted for. There is an actual way for them to reduce spending and that's to pass a budget that cuts spending but they're too chickenshit to do this as any significant spending cuts would be massively unpopular and they'd lose votes. So instead they're forcing this ridiculous theatre on the country to fool the rubes. Unfortunately after decades of the party's gradual degredation into a herrenvolk republik the GOP is now filled with crazy motherfuckers who want to default and just can't wait to shoot the hostage. Fun being Biden eh. If he takes some kind of extraordinary action to bypass congress and pay bills the American government has already democratically rung up he'll be painted as a tyrant, ringing up debt that will bankrupt the country and impoverish your kids and so on and if he does nothing he'll be accused of allowing the biggest financial collapse in history.

[TIC]

the authorities, Fed chair, Treasury Secretary, Biden all came out and told the American public your money is safe, your deposits are safe, the government will guarantee and insure every penny you have deposited.

what percentage of svb deposits were insured?

[Master]

the authorities, Fed chair, Treasury Secretary, Biden all came out and told the American public your money is safe, your deposits are safe, the government will guarantee and insure every penny you have deposited.

what percentage of svb deposits were insured?

Over here the savings of £85,000 is secured.

[TIC]

the authorities, Fed chair, Treasury Secretary, Biden all came out and told the American public your money is safe, your deposits are safe, the government will guarantee and insure every penny you have deposited.

what percentage of svb deposits were insured?

Over here the savings of £85,000 is secured.

what percentage of svb deposits were insured?

[Kirkland Laing]

the authorities, Fed chair, Treasury Secretary, Biden all came out and told the American public your money is safe, your deposits are safe, the government will guarantee and insure every penny you have deposited.

what percentage of svb deposits were insured?

Low single digits.

[TIC]

the authorities, Fed chair, Treasury Secretary, Biden all came out and told the American public your money is safe, your deposits are safe, the government will guarantee and insure every penny you have deposited.

what percentage of svb deposits were insured?

Low single digits.

so if there are only low single digits of deposits insured with svb how are they going to guarantee & insure every penny deposited?

[palmerq]

Well that was in the article posted in Sunday,

"But a Treasury official said Sunday that regulators ultimately decided to move forward with the plan to make depositors whole, in part because it was proving to be challenging for a potential buyer to vet the bank’s books by Monday."

So they just decided they were going to cover it all, the funding is claimed to come from this method;

"The F.D.I.C. is usually supposed to clean up a failed bank in the cheapest way possible, but regulators agreed that the situation posed a risk to the financial system, which allowed them to invoke an exception to that rule. The regulator will tap the Deposit Insurance Fund, which comes from fees paid by the banking industry, to make sure it can pay back depositors.

The agencies said that “any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.”"

[TIC]

Well that was in the article posted in Sunday,

"But a Treasury official said Sunday that regulators ultimately decided to move forward with the plan to make depositors whole, in part because it was proving to be challenging for a potential buyer to vet the bank’s books by Monday."

So they just decided they were going to cover it all, the funding is claimed to come from this method;

"The F.D.I.C. is usually supposed to clean up a failed bank in the cheapest way possible, but regulators agreed that the situation posed a risk to the financial system, which allowed them to invoke an exception to that rule. The regulator will tap the Deposit Insurance Fund, which comes from fees paid by the banking industry, to make sure it can pay back depositors.

The agencies said that “any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.”"

thanks. has the fdic rerseve fund ever been fully funded? how much is the fdic usually short of it's total insurance exposer? i heard the fdic was granted the power to borrow over five hundred billion from the treasury department. would that make it back by the federal reserve?

[palmerq]

I will defer those questions to google because that's all I'd do to answer to them.

[Kirkland Laing]

the authorities, Fed chair, Treasury Secretary, Biden all came out and told the American public your money is safe, your deposits are safe, the government will guarantee and insure every penny you have deposited.

what percentage of svb deposits were insured?

Low single digits.

so if there are only low single digits of deposits insured with svb how are they going to guarantee & insure every penny deposited?

They just use the money they made selling killer vaccines for the covid scam.

[NoSavingByTheBell]

the authorities, Fed chair, Treasury Secretary, Biden all came out and told the American public your money is safe, your deposits are safe, the government will guarantee and insure every penny you have deposited.

what percentage of svb deposits were insured?

Low single digits.

so if there are only low single digits of deposits insured with svb how are they going to guarantee & insure every penny deposited?

They just use the money they made selling killer vaccines for the covid scam.

Why you finally got something right!

[TIC]

the authorities, Fed chair, Treasury Secretary, Biden all came out and told the American public your money is safe, your deposits are safe, the government will guarantee and insure every penny you have deposited.

what percentage of svb deposits were insured?

Low single digits.

so if there are only low single digits of deposits insured with svb how are they going to guarantee & insure every penny deposited?

the covid scam.

at least we agree convid was a scam

[Kirkland Laing]

Banking explained in sixteen seconds:

https://twitter.com/DannyDeraney/sta...50778584498176

[palmerq]

I did notice that the last few days on twitter contained quite a lot of all caps posts, looked pretty suspicious.

So has the actions of the federal reserve protected the Americans from a massive fallout form svb collapse? I assume a lot of businesses get their money from there and if was to vanish that could bigger a lot of people, so crisis averted for now?

So if one banks collapse is a disaster what would happen if the us defaults? Like some lovely chaps seem to try to push for every chance they get.

A lot of businesses get their money from the Federal Reserve?


Imagine if the GOP force America to default. The reason mass panic/bank runs were just averted is that the authorities, Fed chair, Treasury Secretary, Biden all came out and told the American public your money is safe, your deposits are safe, the government will guarantee and insure every penny you have deposited. If the country is in default, if the government is being prevented from paying its bills because the GOP have refused to let them, what happens when there's any kind of sign of a bank being in trouble? Are people going to believe that the government will guarantee their money when the government is being prevented from paying its everyday bills*? One bank being seen to be in trouble could start a mass panic and queues both physically and digitally outside every bank of people trying to get their money out. Supermarket shelves empties, ATMs emptied, mass panic, riots and so on. And you have fraudulent haired motherfuckers out their and their fellow travellers who would be fuelling and encouraging the whole thing for their grifts and profit. You could get this going global in about five minutes given the centrality of the dollar to global finance and business. And this is just one second order effect from a debt default.


*When the GOP say they're going to force a default to stop more money being spent the bills they'd be preventing the government from paying are bills that congress already authorised and voted for. There is an actual way for them to reduce spending and that's to pass a budget that cuts spending but they're too chickenshit to do this as any significant spending cuts would be massively unpopular and they'd lose votes. So instead they're forcing this ridiculous theatre on the country to fool the rubes. Unfortunately after decades of the party's gradual degredation into a herrenvolk republik the GOP is now filled with crazy motherfuckers who want to default and just can't wait to shoot the hostage. Fun being Biden eh. If he takes some kind of extraordinary action to bypass congress and pay bills the American government has already democratically rung up he'll be painted as a tyrant, ringing up debt that will bankrupt the country and impoverish your kids and so on and if he does nothing he'll be accused of allowing the biggest financial collapse in history.

I meant there was a lot of businesses who used SVB for their payroll and so on. Not the Federal reserve