SVB gave $73,000,0000 to white-hating racist groups like BLM

Trumpet said:
Just think, if they don't bailout the banks, what a disaster we will have.
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It's a pretty frightening prospect. I'd be worried that stupid Trumpers might make a run on the bank, but they are all broke, and it wouldn't even dent the reserves.
 
Trumpet said:
Just think, if they don't bailout the banks, what a disaster we will have.
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We did this over ten years ago and it shouldn't have happened again. There needs to be more oversight and accountability of banks in order to prevent having to use American taxdollars to pay for their malfeasance and incompetence.
 
Doc Dutch said:
We did this over ten years ago and it shouldn't have happened again. There needs to be more oversight and accountability of banks in order to prevent having to use American taxdollars to pay for their malfeasance and incompetence.
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Doesn't sound very libertarian to me :)

But I totally agree. We should have listened to Bernie Sanders in 2018. He said this would happen. He was right.
 
Doc Dutch said:
We did this over ten years ago and it shouldn't have happened again. There needs to be more oversight and accountability of banks in order to prevent having to use American taxdollars to pay for their malfeasance and incompetence.
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It shouldn't have happened, but:


The facts on Trump’s 2018 loosening of regulations on banks like SVB

fter Silicon Valley Bank collapsed late last week following a run on the bank, Sen. Bernie Sanders of Vermont argued that the culprit was clear: an “absurd” 2018 law, signed by then-President Donald Trump, that rolled back regulations on banks of SVB’s size.

https://www.cnn.com/2023/03/14/politics/facts-on-trump-2018-banking-deregulation/index.html
 
Trumpet said:
It shouldn't have happened, but:


The facts on Trump’s 2018 loosening of regulations on banks like SVB

fter Silicon Valley Bank collapsed late last week following a run on the bank, Sen. Bernie Sanders of Vermont argued that the culprit was clear: an “absurd” 2018 law, signed by then-President Donald Trump, that rolled back regulations on banks of SVB’s size.

https://www.cnn.com/2023/03/14/politics/facts-on-trump-2018-banking-deregulation/index.html
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That would be part of it. Notice how the Trumpers want to make it all the fault of "woke" people.
 
Concart said:
Doesn't sound very libertarian to me :)

But I totally agree. We should have listened to Bernie Sanders in 2018. He said this would happen. He was right.
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Fiscally responsible means holding people are not fiscally responsible accountable.

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Concart said:
It was prima facie an absurd claim. It took ten seconds to debunk but the entire right wing echo chamber, EVERYONE OF THEM repeated the claim. Lazy. Stupid. Dangerous.
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DeSantis too. Look at *this* bullshit!

DeSantis, who blamed diversity initiatives for Silicon Valley Bank’s downfall, pushed for rollback of bank regulations under renewed scrutiny

In the wake of Silicon Valley Bank’s demise, Florida Gov. Ron DeSantis pointed fingers at several culprits, including the company’s diversity initiatives and federal regulators who he said “always seem to whiff” at preventing a financial crisis.

But left out of DeSantis’ comments was his own record on banking regulations. As a member of Congress, DeSantis was an outspoken champion for lifting regulation on small and mid-sized financial institutions, and in 2018 he voted for a bill that eventually became law loosening oversight of mid-size banks like Silicon Valley Bank.
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Trumpet said:
It shouldn't have happened, but:


The facts on Trump’s 2018 loosening of regulations on banks like SVB

fter Silicon Valley Bank collapsed late last week following a run on the bank, Sen. Bernie Sanders of Vermont argued that the culprit was clear: an “absurd” 2018 law, signed by then-President Donald Trump, that rolled back regulations on banks of SVB’s size.

https://www.cnn.com/2023/03/14/politics/facts-on-trump-2018-banking-deregulation/index.html
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DeSantis is busy blaming the bank's diversity stuff, but HE voted for Trump's deregulation as well. See link in Post #30.
 
ThatOwlWoman said:
DeSantis is busy blaming the bank's diversity stuff, but HE voted for Trump's deregulation as well. See link in Post #30.
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Please provide proof that any deregulation under Trump caused the SVB failure. Not leftist propaganda....Moody's, or a similar financial cite.
 
Rightys will not get the message. Fox admitted lying to them for years. That was their business model. They were feeding the right wing malcontents, what they wanted to hear. Then the viewers were turning worse through the process. Now they are telling this bank lie, and rights jumped right on it. Can't you figure out anything? They are lying to you again, and you are buying it again. For the millionth time, Fox is not the problem. You are. The bank gave BLM..nothing, zero ,zip. When Fox told the lie, you just believed it.
 
Nordberg said:
Rightys will not get the message. Fox admitted lying to them for years. That was their business model. They were feeding the right wing malcontents, what they wanted to hear. Then the viewers were turning worse through the process. Now they are telling this bank lie, and rights jumped right on it. Can't you figure out anything? They are lying to you again, and you are buying it again. For the millionth time, Fox is not the problem. You are. The bank gave BLM..nothing, zero ,zip. When Fox told the lie, you just believed it.
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the only message here is that you're dumb.

:truestory:
 
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