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Biden's Banking Busts

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Posted By: FlyRight, 3/15/2023 12:44:30 AM

The failure of three banks in the last two weeks, including Silicon Valley Bank on Friday and Signature Bank on Sunday, is a saga of utter government incompetence. Call these bank collapses Biden's Banking Busts. The Biden administration has been obsessing on woke causes while banks teeter toward insolvency. Three days before Silicon Valley Bank collapsed, Treasury Secretary Janet Yellen cautioned that climate change puts the banking industry at risk. Yellen was in la-la land, speculating that future storms and tornadoes could diminish the value of banks' assets. Weather is a risk, but she was oblivious to the much more immediate problem facing banks

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Reply 1 - Posted by: thefield 3/15/2023 1:16:12 AM (No. 1425471)
Missing today is blame trump.
11 people like this.

Reply 2 - Posted by: mifla 3/15/2023 4:10:57 AM (No. 1425498)
No one in our government knows what the hell they are doing.
32 people like this.

Reply 3 - Posted by: EJKrausJr 3/15/2023 4:27:12 AM (No. 1425502)
You have a former Fed Reserve Head, Yellen, who still does not understand basic economics. You also have an individual who is the head of the San Fran Fed, Mary Daly, who is woke as shite and couldn't perform her oversight duties on the SVB. Three banks down, more to come. Yep, it's Joey Baby Hoover time in the financial sector.
19 people like this.

Reply 4 - Posted by: Ida Lou Pino 3/15/2023 8:08:44 AM (No. 1425587)
I have been asking the same question for 50 years - - without getting a satisfactory answer - - - - Why is there a "Federal Reserve System"? The whole cockamamie notion was started by the racist communist Woody Wilson - - over 100 years ago. It has accomplished NOTHING. It has never foreseen or stopped a depression or recession. It has presided over the debasement of the American dollar - - to the point where that dollar is worth only a tiny fraction of what it was worth 100 years ago. It is staffed and run by ambitious and untalented fools - - political hacks - - who bumble from one bad decision to another. So - - why is it still there? Will no one rid us of this turbulent absurdity?
18 people like this.

Reply 5 - Posted by: learner 3/15/2023 8:59:36 AM (No. 1425624)
My thoughts are that the acronym 'ESG' stands for Egotists, Sociopaths and Grifters. Just a way for using other peoples money to push your socialist world view.
12 people like this.

Reply 6 - Posted by: Zigrid 3/15/2023 12:04:26 PM (No. 1425808)
This Yellen woman is an incompetent...she lectures about woke issues and let's banks fall....what exactly is her job?
8 people like this.

Reply 7 - Posted by: HRJUNIOR 3/15/2023 12:05:52 PM (No. 1425810)
#2, You have noticed that as I have done.
5 people like this.

Reply 8 - Posted by: RTC60 3/15/2023 12:07:06 PM (No. 1425812)
Not surprising that Maxine Waters' "Silicone" bank was the first to go "bust."
6 people like this.

Reply 9 - Posted by: HRJUNIOR 3/15/2023 12:07:11 PM (No. 1425813)
#4, Do not worry....it will be gone soon....just like the IRS!
4 people like this.

Reply 10 - Posted by: rochow 3/15/2023 8:58:05 PM (No. 1426200)
Yellen does not have all her marbles any longer, the bidet rubbed off on her brain as well.
0 people like this.

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