$100BN wiped off US banking market in SINGLE DAY under Biden

volsrock said:
$100BN wiped off US banking market in SINGLE DAY as former White House adviser calls it 'tip of the iceberg': Bloodbath on Wall Street saw regional banks fall by up to 60% and the Big Four drawn into SVB's collapse contagion

https://www.dailymail.co.uk/news/ar...-market-SINGLE-DAY-bloodbath-Wall-Street.html
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What a dummy , trump rolled back Dodd frank in 2018

Trump’s Rollback of Dodd-Frank Regulations Directly Led to the Silicon Valley Bank Failure
This is what happens when you deregulate checks on financial institutions.

https://news.yahoo.com/neo-nazis-chanting-sieg-heil-113410499.html
 
How Trump’s Deregulation Sowed The Seeds For Silicon Valley Bank’s Demise

Anyone who doubted how detrimental Trump administration policies would be should analyze the damage unfolding for those trampled by Silicon Valley Bank’s collapse. On May 24, 2018, Trump signed into law the Economic Growth, Regulatory Relief and Consumer Protection Act (the “Reform Act”).


https://www.forbes.com/sites/mayrar...-silicon-valley-banks-demise/?sh=94a0aa534320
 
US bank collapse sparks fresh oversight fight in divided Congress

WASHINGTON, March 13 (Reuters) - The weekend collapse of Silicon Valley Bank (SIVB.O) sparked a partisan battle in Washington on Monday, with Democrats arguing that a Trump-era change to bank oversight rules undermined the stability of regional banks, claims that Republicans rejected.


At issue are changes to the Dodd-Frank Act passed in 2018, pushed by Republicans, which raised the threshold at which banks are considered systemically risky and subject to stricter oversight to $250 billion from $50 billion. Silicon Valley Bank had $209 billion in assets at the end of last year, while Signature Bank had some $110 billion.

"Let's be clear. The failure of Silicon Valley Bank is a direct result of an absurd 2018 bank deregulation bill signed by (Republican former President) Donald Trump that I strongly opposed," Senator Bernie Sanders said in a statement.


https://www.reuters.com/markets/us/...washington-aftermath-svb-collapse-2023-03-13/
 
Hawkeye10 said:
I wish I could remember who but about 6 months ago I heard someone say that over half of S&P 500 companies are effectively zombies.....they only exist because we have for so long had money so cheap that it is almost free.

It is not just the banks.

EDIT: I think it was David Trainer.

https://fortune.com/2022/10/01/zombie-companies-debt-reckoning-interest-rates-soar-david-trainer/
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How would rising interest rates affect non-financial S&P 500 companies? If companies incurred Debt during the low-interest-rates years, those rates are fixed, not variable like mortgages. And nobody would take out a variable-rate loan with interest rates so low. I doubt the even offered variable rates.

This guy's opinion piece is bonkers. The fact that FawkEwe10 chose to post it speaks volumes lack of cognitive acuity.
 
Hawkeye10 said:
I wish I could remember who but about 6 months ago I heard someone say that over half of S&P 500 companies are effectively zombies.....they only exist because we have for so long had money so cheap that it is almost free.

It is not just the banks.

EDIT: I think it was David Trainer.

https://fortune.com/2022/10/01/zombie-companies-debt-reckoning-interest-rates-soar-david-trainer/
Click to expand...
Dodd-Frank did away with bankrupt banks and zombie companies having to come before congress and beg for a bailout. It was too embracing so they wrote a law that insolvent companies could continue to receive government welfare even after the system collapses. How many homeless camps do you see up there in Olympia?

This is the word we live in. WW3 has already started.
 
guno said:
What a dummy , trump rolled back Dodd frank in 2018

Trump’s Rollback of Dodd-Frank Regulations Directly Led to the Silicon Valley Bank Failure
This is what happens when you deregulate checks on financial institutions.

https://news.yahoo.com/neo-nazis-chanting-sieg-heil-113410499.html
Click to expand...

You couldn't even provide a link to support your bullshit, just showed your obsession with nazis.

In reality, the bipartisan law that Trump signed in 2018 had nothing at all to do with this collapse. The bank mismanaging (though to be fair they listened to and believed the lies of the Biden admin that inflation wasn't going to be big and was going to be transitory, so they don't entirely hold all the blame) their finances and investments is what caused this.
 
Gondwanaland said:
You couldn't even provide a link to support your bullshit, just showed your obsession with nazis.

In reality, the bipartisan law that Trump signed in 2018 had nothing at all to do with this collapse. The bank mismanaging (though to be fair they listened to and believed the lies of the Biden admin that inflation wasn't going to be big and was going to be transitory, so they don't entirely hold all the blame) their finances and investments is what caused this.
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Mr dot head , some of my family were murdered in the nazi camps
 
goat said:
Dodd-Frank did away with bankrupt banks and zombie companies having to come before congress and beg for a bailout. It was too embracing so they wrote a law that insolvent companies could continue to receive government welfare even after the system collapses. How many homeless camps do you see up there in Olympia?

This is the word we live in. WW3 has already started.
Click to expand...

America has long been a cheap money addict.....we cant kick the habit without massive pain...as the Not Morons now know.

Also that the economy is a lot weaker than most people know, that we are OK was an illusion propped up with dollar making, which we will very soon lose the ability to continue.
 
guno said:
Mr dot head , some of my family were murdered in the nazi camps
Click to expand...
Those camps were in Europe, not Palestine. Muslims, jews and christians coexisted in Palestine before WWII. What do you think will happen to Israel during WW3?
 
Hawkeye10 said:
America has long been a cheap money addict.....we cant kick the habit without massive pain...as the Not Morons now know.

Also that the economy is a lot weaker than most people know, that we are OK was an illusion propped up with dollar making, which we will very soon lose the ability to continue.
Click to expand...
Do you believe that WW3 has already begun? The US is full of morons who deny the fall of the US empire. I've been trying to learn how to speak Chinese but they have a better grasp on English vocabulary than I do.
 
Just getting started.

DEVELOPING: Trading Halted at 30 Banks as Market Opens – NYSE Halts Trading at Charles Schwab
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One of which has Barney Frank on it's board. Yes THAT Barney Frank of Dodd-Frank Bill.
 
goat said:
Do you believe that WW3 has already begun? The US is full of morons who deny the fall of the US empire. I've been trying to learn how to speak Chinese but they have a better grasp on English vocabulary than I do.
Click to expand...

The Chinese are actively engaged in destroying the West, they consider themselves to be at war, so I dont think it matters what I think.

Younger people should seriously consider learning either Chinese Standard or Russian....the Empire will reward that.
 
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