Steve Breen for March 20, 2023

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    claudio645  6 months ago

    I guess what is the answer? Let them fail, taking down our economy in the process? Nationalize them? What is the answer?

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    akachman Premium Member 6 months ago

    If hospitals and clinics behave this way, they’d close us down. The wolves are still on Wall Street. Bunch of sphincter boys (sorry, but this tends to be a guy thing).

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    GOGOPOWERANGERS  6 months ago

    Let them fail we can always reemploy those workers that lost the job

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    Flatlander, purveyor of fine covfefe  6 months ago

    So were does Orange keep his coin? Off shore probably

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    Alberta Oil Premium Member 6 months ago

    Gotta protect your rich friends, they won’t support you in the next election if you don’t. The blue collar worker that lost his house is only worth one vote. Donations from the big players pay for propaganda that will convince hundreds. It’s all in the math.

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    IndyW  6 months ago

    Biden said there would be arrests? Has there been any?

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    ChristopherBurns  6 months ago

    Here’s the problem with “just let them fail”. Take SVB. Silicon Valley Bank specialized in “start ups”. A “start up” is not some Tech Bro floating a weird idea they hope will make them millionaires, it could be a cleaning business in Palo Alto that employs 12 people. If the bank fails, 12 people don’t get paid and lose their jobs to boot. Multiply that by dozens and we have a problem.

    Bailing out the banks does not just help the rich folks playing craps with other people’s money, it bails out the other people who had faith in the system. We saw the same thing in 2008. Bankers tell us “your money or your jobs” and threaten the economy if the Government doesn’t bail them out because their short term attempt to ring profits from risky bets doesn’t pay off.

    This is why we need regulations.

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    braindead Premium Member 6 months ago

    Pretty astonishing how many banks have failed because of all their Woke Policies.

    How would you like DeSantis in charge of the banking system?

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    preacherman  6 months ago

    It seems to me, in the near term, that it’s the depositors not the banks that are getting the aid from the government. I well remember that being advocated during the ’08 crash to save homeowners, not the loan concerns. Although I think that the $250,000 guarantee from the FDIC should be adequate if depositors would keep an eye out for their holdings and move the excess to another bank or credit union.

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    wellis1947 Premium Member 6 months ago

    Actually, despite the surface similarities, the government IS NOT RESCUING the bank (as they did in 2008-09), but merely rescuing the bank’s depositors, and if you don’t understand the difference, then you don’t own stock in a bank…

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