• Re: Bail Out for the WHOLE AMOUNT

    From Paul Popinjay@21:1/5 to Paul Popinjay on Mon Mar 13 06:51:28 2023
    On Monday, March 13, 2023 at 6:39:20 AM UTC-7, Paul Popinjay wrote:
    Not from the tax payer, not from the regular FDIC insurance. Bail out from a "special account". (whatever that means)


    The rescue package for Silicon Valley Bank is only for depositors. The equity and bond holders are being wiped out.

    Second, the government also shut down Signature Bank on Sunday and put it in receivership. It is unclear why they did this, but the joint statement ensured that all depositors of that bank would be treated the same way. All equity and bond holders would
    also lose in the Signature Bank situation as well.

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  • From Bradley K. Sherman@21:1/5 to All on Mon Mar 13 13:54:20 2023
    |
    | CEO Greg Becker personally led the bank's
    | half-million-dollar push to reduce scrutiny of his
    | institution - and lawmakers obliged
    | ... <https://www.theguardian.com/business/2023/mar/11/silicon-valley-bank-weaken-risk-regulations-svb>

    |
    | Silicon Valley Bank Used Former McCarthy Staffers to Weaken
    | Regulations, Lobby FDIC
    |
    | Two senior aides to House Speaker Kevin McCarthy were among
    | the top lobbyists for the bank at the center of a new
    | financial crisis.
    | ... <https://theintercept.com/2023/03/11/silicon-valley-bank-used-former-mccarthy-staffers-to-weaken-regulations-lobby-fdic/>

    |
    | How Trump's Deregulation Sowed The Seeds For Silicon Valley
    | Bank's Demise
    | ... <https://www.forbes.com/sites/mayrarodriguezvalladares/2023/03/12/how-trumps-deregulation-sowed-the-seeds-for-silicon-valley-banks-demise/>

    --bks

    "What is the robbing of a bank compared to the founding of a bank?"
    -- Bertholt Brecht

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  • From Paul Popinjay@21:1/5 to Bradley K. Sherman on Mon Mar 13 07:00:43 2023
    On Monday, March 13, 2023 at 6:54:27 AM UTC-7, Bradley K. Sherman wrote:

    |
    | How Trump's Deregulation Sowed The Seeds For Silicon Valley
    | Bank's Demise
    | ... <https://www.forbes.com/sites/mayrarodriguezvalladares/2023/03/12/how-trumps-deregulation-sowed-the-seeds-for-silicon-valley-banks-demise/>

    --bks



    You already posted this, fuckface. 1st Warning.

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  • From Paul Popinjay@21:1/5 to All on Mon Mar 13 06:39:17 2023
    Not from the tax payer, not from the regular FDIC insurance. Bail out from a "special account". (whatever that means)

    --- SoupGate-Win32 v1.05
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  • From Bradley K. Sherman@21:1/5 to [email protected] on Mon Mar 13 14:02:34 2023
    Paul Popinjay <[email protected]> wrote:
    On Monday, March 13, 2023 at 6:54:27 AM UTC-7, Bradley K. Sherman wrote:

    |
    | How Trump's Deregulation Sowed The Seeds For Silicon Valley
    | Bank's Demise
    | ...
    <https://www.forbes.com/sites/mayrarodriguezvalladares/2023/03/12/how-trumps-deregulation-sowed-the-seeds-for-silicon-valley-banks-demise/>

    You already posted this, fuckface. 1st Warning.

    You silently elided the rest of the post. 3rd notice.

    --bks

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  • From da pickle@21:1/5 to Bradley K. Sherman on Mon Mar 13 11:20:18 2023
    On 3/13/2023 9:02 AM, Bradley K. Sherman wrote:
    Paul Popinjay <[email protected]> wrote:
    On Monday, March 13, 2023 at 6:54:27 AM UTC-7, Bradley K. Sherman wrote: >>
    |
    | How Trump's Deregulation Sowed The Seeds For Silicon Valley
    | Bank's Demise
    | ...

    <https://www.forbes.com/sites/mayrarodriguezvalladares/2023/03/12/how-trumps-deregulation-sowed-the-seeds-for-silicon-valley-banks-demise/>

    You already posted this, fuckface. 1st Warning.

    You silently elided the rest of the post. 3rd notice.

    --bks

    Only seeing one possible "reason" to any "point" makes a person (you in
    this case) a moron.

    --- SoupGate-Win32 v1.05
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  • From RichD@21:1/5 to Paul Popinjay on Mon Mar 13 13:19:13 2023
    On March 13, Paul Popinjay wrote:
    Not from the tax payer, not from the regular FDIC insurance. Bail out from a "special account".
    (whatever that means)

    When they talk about a bank's assets and liabilities, what does that mean, exactly?

    --
    Rich

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  • From risky biz@21:1/5 to RichD on Mon Mar 13 15:13:56 2023
    On Monday, March 13, 2023 at 1:19:17 PM UTC-7, RichD wrote:
    On March 13, Paul Popinjay wrote:
    Not from the tax payer, not from the regular FDIC insurance. Bail out from a "special account".
    (whatever that means)

    ~ When they talk about a bank's assets and liabilities, what does that mean, exactly?

    --
    Rich


    That's worthy of a separate thread.

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  • From RichD@21:1/5 to Paul Popinjay on Thu Mar 16 17:05:43 2023
    On March 13, Paul Popinjay wrote:
    Not from the tax payer, not from the regular FDIC insurance. Bail out from a "special account".
    (whatever that means)

    https://www.shutterstock.com/shutterstock/videos/19905589/preview/stock-footage-us-mint-printing-press-printing-new-one-hundred-dollar-bills.webm

    --
    Rich

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  • From risky biz@21:1/5 to RichD on Thu Mar 16 20:41:26 2023
    On Thursday, March 16, 2023 at 5:05:48 PM UTC-7, RichD wrote:
    On March 13, Paul Popinjay wrote:
    Not from the tax payer, not from the regular FDIC insurance. Bail out from a "special account".
    (whatever that means)

    ~ https://www.shutterstock.com/shutterstock/videos/19905589/preview/stock-footage-us-mint-printing-press-printing-new-one-hundred-dollar-bills.webm

    --
    Rich


    I'd like to advantage play a U.S. Mint printing press. How difficult is it to get a banking license?

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  • From RichD@21:1/5 to Paul Popinjay on Fri Mar 17 09:15:33 2023
    On March 13, Paul Popinjay wrote:
    Not from the tax payer, not from the regular FDIC insurance. Bail out from a "special account". (whatever that means)

    Second, the government also shut down Signature Bank on Sunday and put it in receivership.
    It is unclear why they did this, but the joint statement ensured that all depositors of that bank would be treated the same way.

    The Honorable Barney Frank is a director at Signature.
    The author of Dodd-Frank in 2010, the takeover of the banking industry.

    https://www.nytimes.com/2023/03/13/business/signature-silicon-valley-bank-dodd-frank-regulation.html
    "Mr. Frank, who received more than $2.4 million in cash and stock from Signature during
    his seven years on the board, left the job on Sunday as regulators dissolved the board.
    He said on Monday that the bank was the victim of overzealous regulators."

    See, if he hadn't lifted that $2 million from Signature, it would have boosted their profits, rewarding their greed. And he's a NON-profit, look at his tax returns, he never reported a profit! Of course we know non-profit organizations
    are the most sanctified.

    Frank is a good committed Democrat liberal socialist, fighting corporate
    greed, doing the Lord's work, fighting for YOU, his highest priority -


    --
    Rich

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  • From VegasJerry@21:1/5 to RichD on Fri Mar 17 11:51:42 2023
    On Friday, March 17, 2023 at 9:15:37 AM UTC-7, RichD wrote:
    On March 13, Paul Popinjay wrote:
    Not from the tax payer, not from the regular FDIC insurance. Bail out from a "special account".
    (whatever that means)
    .
    Second, the government also shut down Signature Bank on Sunday and put it in receivership.
    It is unclear why they did this,
    .
    (Unclear to you..)
    .

    but the joint statement ensured that all depositors of that bank would be treated the same way.
    .
    The Honorable Barney Frank is a director at Signature.
    The author of Dodd-Frank in 2010, the takeover of the banking industry.

    SR. (It was not a 'takeover of the banking industry).
    .


    https://www.nytimes.com/2023/03/13/business/signature-silicon-valley-bank-dodd-frank-regulation.html

    Which starts out showing this a GQP generated problem:

    "In the spring of 2018, President Donald J. Trump signed a law that watered down the landmark regulatory
    reform act that his predecessor had enacted following the global financial crisis."

    .
    .





    "Mr. Frank, who received more than $2.4 million in cash and stock from Signature during
    his seven years on the board, left the job on Sunday as regulators dissolved the board.
    He said on Monday that the bank was the victim of overzealous regulators."

    See, if he hadn't lifted that $2 million from Signature, it would have boosted
    their profits, rewarding their greed. And he's a NON-profit, look at his tax returns, he never reported a profit! Of course we know non-profit organizations
    are the most sanctified.

    Frank is a good committed Democrat liberal socialist, fighting corporate greed, doing the Lord's work, fighting for YOU, his highest priority -


    --
    Rich

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From da pickle@21:1/5 to VegasJerry on Fri Mar 17 14:31:12 2023
    On 3/17/2023 1:51 PM, VegasJerry wrote:
    On Friday, March 17, 2023 at 9:15:37 AM UTC-7, RichD wrote:
    On March 13, Paul Popinjay wrote:
    Not from the tax payer, not from the regular FDIC insurance. Bail out from a "special account".
    (whatever that means)
    .
    Second, the government also shut down Signature Bank on Sunday and put it in receivership.
    It is unclear why they did this,
    .
    (Unclear to you..)
    .

    but the joint statement ensured that all depositors of that bank would be treated the same way.
    .
    The Honorable Barney Frank is a director at Signature.
    The author of Dodd-Frank in 2010, the takeover of the banking industry.

    SR. (It was not a 'takeover of the banking industry).
    .


    https://www.nytimes.com/2023/03/13/business/signature-silicon-valley-bank-dodd-frank-regulation.html

    Which starts out showing this a GQP generated problem:

    "In the spring of 2018, President Donald J. Trump signed a law that watered down the landmark regulatory
    reform act that his predecessor had enacted following the global financial crisis."

    .
    .





    "Mr. Frank, who received more than $2.4 million in cash and stock from Signature during
    his seven years on the board, left the job on Sunday as regulators dissolved the board.
    He said on Monday that the bank was the victim of overzealous regulators." >>
    See, if he hadn't lifted that $2 million from Signature, it would have boosted
    their profits, rewarding their greed. And he's a NON-profit, look at his tax >> returns, he never reported a profit! Of course we know non-profit organizations
    are the most sanctified.

    Frank is a good committed Democrat liberal socialist, fighting corporate
    greed, doing the Lord's work, fighting for YOU, his highest priority -


    --
    Rich

    Dodge and run ... ... ...

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  • From Paul Popinjay@21:1/5 to Paul Popinjay on Sun Mar 19 01:08:15 2023
    On Monday, March 13, 2023 at 6:39:20 AM UTC-7, Paul Popinjay wrote:
    Not from the tax payer,

    Of course it IS from the tax payers. Not through direct taxes but through inflation. Massive inflation. The Dollar is DONE. It is going down, and it is going down soon. I wonder how many RGPers are going to be wiped out. You wouldn't know by the
    sound of what you guys are talking about every day. It's just nonsense, compared to what's coming.

    --- SoupGate-Win32 v1.05
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  • From VegasJerry@21:1/5 to Paul Popinjay on Sun Mar 19 10:24:37 2023
    On Sunday, March 19, 2023 at 1:08:18 AM UTC-7, Paul Popinjay wrote:
    On Monday, March 13, 2023 at 6:39:20 AM UTC-7, Paul Popinjay wrote:
    Not from the tax payer,
    .

    Of course it IS from the tax payers. Not through direct taxes but through inflation...

    ("Only inflated taxpayers..." )

    LOL!
    .
    .
    .





    . Massive inflation. The Dollar is DONE. It is going down, and it is going down soon. I wonder how many RGPers are going to be wiped out. You wouldn't know by the sound of what you guys are talking about every day. It's just nonsense, compared to what's
    coming.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Paul Popinjay@21:1/5 to VegasJerry on Sun Mar 19 11:28:14 2023
    On Sunday, March 19, 2023 at 10:24:41 AM UTC-7, VegasJerry wrote:
    On Sunday, March 19, 2023 at 1:08:18 AM UTC-7, Paul Popinjay wrote:
    On Monday, March 13, 2023 at 6:39:20 AM UTC-7, Paul Popinjay wrote:
    Not from the tax payer,
    .

    Of course it IS from the tax payers. Not through direct taxes but through inflation...

    ("Only inflated taxpayers..." )

    LOL!


    Is that supposed to be funny? Clown?

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From jack roth@21:1/5 to Paul Popinjay on Mon Mar 20 05:13:45 2023
    On Monday, March 13, 2023 at 6:51:35 AM UTC-7, Paul Popinjay wrote:
    On Monday, March 13, 2023 at 6:39:20 AM UTC-7, Paul Popinjay wrote:
    Not from the tax payer, not from the regular FDIC insurance. Bail out from a "special account". (whatever that means)
    The rescue package for Silicon Valley Bank is only for depositors. The equity and bond holders are being wiped out.

    Paul, you got this wrong. The rescue package was for RICH depositors accounts greater than $250K which included Oprah, Prince Harry, Chinese govt connected companies, and billionaire funded VCs. Furthermore, this was very obviously a bail out in that
    they were allowed to sell treasuries worth 70c to the Fed and get a full $1.00 back....and this will be paid for by a new fee in all banks including small banks whose big accounts WILL NOT be covered by the new fee and also by every single small account
    holder in all the big accounts, too. So, ya, the people at small banks are funding the rich right now....bail out very directly by the people. As usual, the rich get to gamble all they want and when they lose, the poor bail them out.

    --- SoupGate-Win32 v1.05
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  • From risky biz@21:1/5 to VegasJerry on Mon Mar 20 07:24:15 2023
    ~ On Friday, March 17, 2023 at 11:51:45 AM UTC-7, VegasJerry wrote:

    ~ Which starts out showing this a GQP generated problem:

    "In the spring of 2018, President Donald J. Trump signed a law that watered down the landmark regulatory
    reform act that his predecessor had enacted following the global financial crisis."


    Who keeps forgetting to unplug the broken record player?

    --- SoupGate-Win32 v1.05
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  • From BTSinAustin@21:1/5 to Paul Popinjay on Mon Mar 20 10:20:13 2023
    On Monday, March 13, 2023 at 9:39:20 AM UTC-4, Paul Popinjay wrote:
    Not from the tax payer, not from the regular FDIC insurance. Bail out from a "special account". (whatever that means)

    I noticed it took a whole weekend to decide to bail out the Silicon Valley oligarchs 100%, and 6 weeks to order soil testing in East Palestine Ohio. I guess Biden cares more about billionaires than a safe and clean environment.


    Oh and the good part, the Railroad is doing the testing.

    --- SoupGate-Win32 v1.05
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  • From VegasJerry@21:1/5 to BTSinAustin on Mon Mar 20 13:21:25 2023
    On Monday, March 20, 2023 at 10:20:17 AM UTC-7, BTSinAustin wrote:
    On Monday, March 13, 2023 at 9:39:20 AM UTC-4, Paul Popinjay wrote:
    Not from the tax payer, not from the regular FDIC insurance. Bail out from a "special account". (whatever that means)
    I noticed it took a whole weekend to decide to bail out the Silicon Valley oligarchs 100%

    You mean FOX told you you noticed? Because THEY DIDN'T.
    (And you can't show that they did).

    and 6 weeks to order soil testing in East Palestine Ohio. I guess Biden ...

    You don't guess shit. FOX et al has their leash hooked to your nose ring and you relay whatever BS
    they feed you. And I've SHOW that... Repeatedly.

    --- SoupGate-Win32 v1.05
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  • From VegasJerry@21:1/5 to risky biz on Mon Mar 20 13:16:38 2023
    On Monday, March 20, 2023 at 7:24:19 AM UTC-7, risky biz wrote:
    ~ On Friday, March 17, 2023 at 11:51:45 AM UTC-7, VegasJerry wrote:

    ~ Which starts out showing this a GQP generated problem:

    "In the spring of 2018, President Donald J. Trump signed a law that watered down the landmark regulatory
    reform act that his predecessor had enacted following the global financial crisis."
    Who keeps forgetting to unplug the broken record player?

    Nobody. They see, once again, I've stunned and stimmed you. You're stuck, you can't answer, respond
    or reply. You dodge and whine and cry and attempt "I don't understand that fact or queston, it's too
    confusing and "It doesn't make sense."

    Poor confused Risky.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From risky biz@21:1/5 to VegasJerry on Mon Mar 20 14:31:29 2023
    On Monday, March 20, 2023 at 1:16:41 PM UTC-7, VegasJerry wrote:
    On Monday, March 20, 2023 at 7:24:19 AM UTC-7, risky biz wrote:
    ~ On Friday, March 17, 2023 at 11:51:45 AM UTC-7, VegasJerry wrote:

    ~ Which starts out showing this a GQP generated problem:

    "In the spring of 2018, President Donald J. Trump signed a law that watered down the landmark regulatory
    reform act that his predecessor had enacted following the global financial crisis."

    Who keeps forgetting to unplug the broken record player?

    ~ Nobody. They see, once again, I've stunned and stimmed you. You're stuck, you can't answer, respond
    or reply. You dodge and whine and cry and attempt "I don't understand that fact or queston, it's too
    confusing and "It doesn't make sense."

    Poor confused Risky.

    😭

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)