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arts / rec.arts.tv / Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank

SubjectAuthor
* Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bankDavid Johnston
+* Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bankAdam H. Kerman
|+- Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out banksuzeeq
|`* Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bankEd Stasiak
| `* Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bankAdam H. Kerman
|  `- Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bankshawn
+- Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out banktrotsky
`- Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out banktrotsky

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Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank

<tumfli$3jr98$1@dont-email.me>

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From: davidjoh...@yahoo.com (David Johnston)
Newsgroups: rec.arts.tv
Subject: Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank
Date: Mon, 13 Mar 2023 00:25:54 -0600
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 by: David Johnston - Mon, 13 Mar 2023 06:25 UTC

No he doesn't. The bank is still out of business.

--
This email has been checked for viruses by Avast antivirus software.
www.avast.com

Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank

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From: ahk...@chinet.com (Adam H. Kerman)
Newsgroups: rec.arts.tv
Subject: Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank
Date: Mon, 13 Mar 2023 06:53:27 -0000 (UTC)
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 by: Adam H. Kerman - Mon, 13 Mar 2023 06:53 UTC

David Johnston <davidjohnston29@yahoo.com> wrote:

>No he doesn't. The bank is still out of business.

What do you think deposit insurance is? Deposits are a liability of the
bank. Now they're a liability of the FDIC, and the bank's unsecured
creditors can go after the rest.

>--
>This email has been checked for viruses by Avast antivirus software.
>www.avast.com

Oh for gawd's sake, Johnston. Turn the advertisement off.

Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank

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From: suz...@imbris.com (suzeeq)
Newsgroups: rec.arts.tv
Subject: Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank
Date: Mon, 13 Mar 2023 08:36:27 -0700
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 by: suzeeq - Mon, 13 Mar 2023 15:36 UTC

On 3/12/2023 11:53 PM, Adam H. Kerman wrote:
> David Johnston <davidjohnston29@yahoo.com> wrote:
>
>> No he doesn't. The bank is still out of business.
>
> What do you think deposit insurance is? Deposits are a liability of the
> bank. Now they're a liability of the FDIC, and the bank's unsecured
> creditors can go after the rest.
>
And it kicks in regardless of who's president.

Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank

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Subject: Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank
From: edstasia...@gmail.com (Ed Stasiak)
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 by: Ed Stasiak - Mon, 13 Mar 2023 16:06 UTC

> Adam H. Kerman
> > David Johnston
> >
> >No he doesn't. The bank is still out of business.
>
> What do you think deposit insurance is? Deposits are a liability of the
> bank. Now they're a liability of the FDIC, and the bank's unsecured
> creditors can go after the rest.

Heard on NPR this morning that depositors will be getting ALL their
money back even though the FDIC only insures up to $250K and this
money supposedly won't come out of taxpayer pockets, as there is
some kinda emergency fund all the banks kick into.

Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank

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From: ahk...@chinet.com (Adam H. Kerman)
Newsgroups: rec.arts.tv
Subject: Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank
Date: Mon, 13 Mar 2023 19:44:20 -0000 (UTC)
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 by: Adam H. Kerman - Mon, 13 Mar 2023 19:44 UTC

Ed Stasiak <edstasiak1067@gmail.com> wrote:

>>Adam H. Kerman
>>>David Johnston

>>>No he doesn't. The bank is still out of business.

>>What do you think deposit insurance is? Deposits are a liability of the
>>bank. Now they're a liability of the FDIC, and the bank's unsecured
>>creditors can go after the rest.

>Heard on NPR this morning that depositors will be getting ALL their
>money back even though the FDIC only insures up to $250K and this
>money supposedly won't come out of taxpayer pockets, as there is
>some kinda emergency fund all the banks kick into.

I'm glad to hear that. Still haven't heard a decent explanation as to
which assets suddenly lost value.

Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank

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From: nanoflo...@notforg.m.a.i.l.com (shawn)
Newsgroups: rec.arts.tv
Subject: Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank
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 by: shawn - Mon, 13 Mar 2023 22:16 UTC

On Mon, 13 Mar 2023 19:44:20 -0000 (UTC), "Adam H. Kerman"
<ahk@chinet.com> wrote:

>Ed Stasiak <edstasiak1067@gmail.com> wrote:
>
>>>Adam H. Kerman
>>>>David Johnston
>
>>>>No he doesn't. The bank is still out of business.
>
>>>What do you think deposit insurance is? Deposits are a liability of the
>>>bank. Now they're a liability of the FDIC, and the bank's unsecured
>>>creditors can go after the rest.
>
>>Heard on NPR this morning that depositors will be getting ALL their
>>money back even though the FDIC only insures up to $250K and this
>>money supposedly won't come out of taxpayer pockets, as there is
>>some kinda emergency fund all the banks kick into.
>
>I'm glad to hear that. Still haven't heard a decent explanation as to
>which assets suddenly lost value.

From what I heard the biggest issue was that they had put much of
their assets into Treasury bills back when the interest rates were
running 1% and less. Since those have a 30 year maturity date having
to redeem them early resulted in a massive loss of funds putting the
back into financial trouble. At least that seemed to be the major
reason SVB was running into trouble when the bank run started with the
major depositors.

Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank

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Subject: Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank
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 by: trotsky - Tue, 14 Mar 2023 09:58 UTC

On 3/13/23 1:25 AM, David Johnston wrote:
> No he doesn't.  The bank is still out of business.
>

Oh no, was Eunuch "Rich" lying and shitposting again? That's the
trillionth time this nanosecond.

Re: CNN: Biden, in blind panic, uses TAX-PAYER money to bail out bank

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 by: trotsky - Tue, 14 Mar 2023 10:00 UTC

On 3/13/23 1:35 AM, RichA wrote:
> On Monday, 13 March 2023 at 02:25:58 UTC-4, David Johnston wrote:
>> No he doesn't. The bank is still out of business.
>>
>> --
>> This email has been checked for viruses by Avast antivirus software.
>> www.avast.com
>
> He's bailing out wealthy company owners who have no right to taxpayer money.

And they're all right wing assholes who should refuse the money then.
You're making them look like shit, thanks for the assist.

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