Everything is fine here... nothing to see... Biden will save the banking sector... no need to panic...

🚨 BREAKING 🚨 CREDIT SUISSE’S DEFAULT SWAPS HIT NEW ALL TIME HIGH

Insurance to protect against default on their bonds is skyrocketing. #DebitSuisse $CS #CreditSuisse pic.twitter.com/lVJL6lrIuV

— Wall Street Silver (@WallStreetSilv) March 13, 2023

I see the propaganda machine is on full spin this morning. lol pic.twitter.com/WYXAaUTbsg

— Natalie F Danelishen (@Chesschick01) March 14, 2023

Hmmm. This is looking like what's actually going down.

Dear God. Barney Frank openly admits that Signature was arbitrarily shuttered despite no insolvency because regulators wanted to kill off the last major pro-crypto bank. Colossal scandalhttps://t.co/Sa25w6Au7b pic.twitter.com/gLuiybHepS

— nic carter 🌠 (@nic__carter) March 13, 2023

Doc Holliday said:

---

Hmmm. This is looking like what's actually going down.

Dear God. Barney Frank openly admits that Signature was arbitrarily shuttered despite no insolvency because regulators wanted to kill off the last major pro-crypto bank. Colossal scandalhttps://t.co/Sa25w6Au7b pic.twitter.com/gLuiybHepS

— nic carter 🌠 (@nic__carter) March 13, 2023

---

Yeah right... we should trust the advice of Barney... LOL

The same guy that said the Housing market was stable and fine in 2007. He is a moron. Trust his banking advice, at your own peril.

ShooterTX said:

---

Doc Holliday said:

---

Hmmm. This is looking like what's actually going down.

Dear God. Barney Frank openly admits that Signature was arbitrarily shuttered despite no insolvency because regulators wanted to kill off the last major pro-crypto bank. Colossal scandalhttps://t.co/Sa25w6Au7b pic.twitter.com/gLuiybHepS

— nic carter 🌠 (@nic__carter) March 13, 2023

---

Yeah right... we should trust the advice of Barney... LOL

The same guy that said the Housing market was stable and fine in 2007. He is a moron. Trust his banking advice, at your own peril.

---

He's not the only one claiming this. I think the evidence is too overwhelming in this particular case.

We have ourselves a Democrat driven scandal here.

Bc many are saying Frank isn't impartial, some more evidence

- Signature asset portfolio was nowhere near as troubled as SVB (see attached)
- Sellside felt Signature was sound yesterday
- FDIC was reportedly surprised by the decision Sunday nighthttps://t.co/juFZdLZYrN

— nic carter 🌠 (@nic__carter) March 13, 2023

ShooterTX said:

---

Doc Holliday said:

---

Hmmm. This is looking like what's actually going down.

Dear God. Barney Frank openly admits that Signature was arbitrarily shuttered despite no insolvency because regulators wanted to kill off the last major pro-crypto bank. Colossal scandalhttps://t.co/Sa25w6Au7b pic.twitter.com/gLuiybHepS

— nic carter 🌠 (@nic__carter) March 13, 2023

---

Yeah right... we should trust the advice of Barney... LOL

The same guy that said the Housing market was stable and fine in 2007. He is a moron. Trust his banking advice, at your own peril.

---

He might not be a moron but certainly there is no proof he understands economics or the banking system.

He majored in government at Harvard and then went to Harvard law school...he never practiced law.

He then starting working in government (for the Mayor of Boston) and then spent the rest of his life in government/politics at the State and Federal level.

He is a prime example of a person who is a career politician who is involved with making critical decisions on issues he personally knows nothing about and who has never worked in the industry.

Like Harvard Law grads in government making agricultural policy when they have never even fed a chicken in their lives.

Doc Holliday said:

---

A third bank is now on the verge of collapse...

If there's a bank run that collapses the financial sector, look for Biden to blame the Fed and lefties will blame Trump era deregulation which has nothing to do with the situation.

If this spirals out of control, we can't afford to fix the problem because of reckless money printing.

Now that the Venture Capital bailout went thru so easily, it won't stop. Why would it stop now?

---

Trump was behind the "money printing" and running up the deficit to all time highs! Good conservative, right there.

Doc Holliday said:

---

Hmmm. This is looking like what's actually going down.

Dear God. Barney Frank openly admits that Signature was arbitrarily shuttered despite no insolvency because regulators wanted to kill off the last major pro-crypto bank. Colossal scandalhttps://t.co/Sa25w6Au7b pic.twitter.com/gLuiybHepS

— nic carter 🌠 (@nic__carter) March 13, 2023

---

Because in Washington, no one has as much experience with going down as Barney. Except perhaps Kamala and Mayor Pete.

whitetrash said:

---

Doc Holliday said:

---

Hmmm. This is looking like what's actually going down.

Dear God. Barney Frank openly admits that Signature was arbitrarily shuttered despite no insolvency because regulators wanted to kill off the last major pro-crypto bank. Colossal scandalhttps://t.co/Sa25w6Au7b pic.twitter.com/gLuiybHepS

— nic carter 🌠 (@nic__carter) March 13, 2023

---

Because in Washington, no one has as much experience with going down as Barney. Except perhaps Kamala and Mayor Pete.

---

Yeah he's an idiot, but he has nothing to benefit from this particular disaster.

I bet dems banded together with regulatory to target these very specific crypto involved banks and accidently created a disaster.

The last 5 days simplified:

A group of wealthy speculators got upset that their money ended up locked into a 10 year obligation at less than 2% return,

so they convinced government it was in everyone’s best interest to help them out of their jam at the expense of everyone else.

— Thomas Massie (@RepThomasMassie) March 14, 2023

Redbrickbear said:

---

ShooterTX said:

---

Doc Holliday said:

---

Hmmm. This is looking like what's actually going down.

Dear God. Barney Frank openly admits that Signature was arbitrarily shuttered despite no insolvency because regulators wanted to kill off the last major pro-crypto bank. Colossal scandalhttps://t.co/Sa25w6Au7b pic.twitter.com/gLuiybHepS

— nic carter 🌠 (@nic__carter) March 13, 2023

---

Yeah right... we should trust the advice of Barney... LOL

The same guy that said the Housing market was stable and fine in 2007. He is a moron. Trust his banking advice, at your own peril.

---

He might not be a moron but certainly there is no proof he understands economics or the banking system.

He majored in government at Harvard and then went to Harvard law school...he never practiced law.

He then starting working in government (for the Mayor of Boston) and then spent the rest of his life in government/politics at the State and Federal level.

He is a prime example of a person who is a career politician who is involved with making critical decisions on issues he personally knows nothing about and who has never worked in the industry.

Like Harvard Law grads in government making agricultural policy when they have never even fed a chicken in their lives.

---

Like most politicians, he is also a cronic liar. the main difference is that he gets a TON of support in his lies from the liberal media establishment.

Here is a prime example of his lies.



Again... Barney Frank is a moron, and if you listen to his advice.. you are placing your money in the hands of a proven fool & liar.

Jack Bauer said:

---

muddybrazos said:

---

🚨 BREAKING 🚨 CREDIT SUISSE’S DEFAULT SWAPS HIT NEW ALL TIME HIGH

Insurance to protect against default on their bonds is skyrocketing. #DebitSuisse $CS #CreditSuisse pic.twitter.com/lVJL6lrIuV

— Wall Street Silver (@WallStreetSilv) March 13, 2023

pic.twitter.com/QPe6MMaqs3

— Frank Doe (@Franky__Doe) March 14, 2023

RIP Credit Suisse

---

Just because you are on TV does not make you smart...

---

This is smart though. Picking what everyone else picks doesn't do any good. Picking from underdogs gives you better publicity and if you are right you look smart. If you are wrong, only the people too dumb to realize what the actual goal here is will think you are dumb.

Leadership: Biden Calls On Banks To Stop Collapsing
WASHINGTON, D.C. Many are praising President Biden for his swift and decisive leadership this morning. In a set of forceful and clear remarks to the country's financial system, he called on all banks to stop collapsing immediately.
"Hey there, banks! Yeah, you! Stop it! I mean it! Not a joke!" said the President to a smiley face written on his thumb in Sharpie he mistook for one of his nieces. "You've collapsed long enough! I say, no more! That's enough, banks! Cut it out right now, or so help me I'll count to ten!"
The President then attempted to count to ten but got lost somewhere around the number four when he became distracted by the smiling face on his thumb and began sniffing it. "Oohh honey I like your shampoo! What was I saying again?"
Mainstream media, politicians, and Wall Street bankers all joined the call for banks to stop collapsing and vowed to never hold anyone accountable for any of this if it's the last thing they do.
At publishing time, the banks had still not heeded the President's command.
https://babylonbee.com/news/leadership-biden-calls-on-banks-to-stop-collapsing

J.R. said:

---

Doc Holliday said:

---

A third bank is now on the verge of collapse...

If there's a bank run that collapses the financial sector, look for Biden to blame the Fed and lefties will blame Trump era deregulation which has nothing to do with the situation.

If this spirals out of control, we can't afford to fix the problem because of reckless money printing.

Now that the Venture Capital bailout went thru so easily, it won't stop. Why would it stop now?

---

Trump was behind the "money printing" and running up the deficit to all time highs! Good conservative, right there.

---

Trump wrote omnibus bills?

Doc Holliday said:

---

J.R. said:

---

Doc Holliday said:

---

A third bank is now on the verge of collapse...

If there's a bank run that collapses the financial sector, look for Biden to blame the Fed and lefties will blame Trump era deregulation which has nothing to do with the situation.

If this spirals out of control, we can't afford to fix the problem because of reckless money printing.

Now that the Venture Capital bailout went thru so easily, it won't stop. Why would it stop now?

---

Trump was behind the "money printing" and running up the deficit to all time highs! Good conservative, right there.

---

Trump wrote omnibus bills?

---

you looked at the deficit under Trumps???? I didn't think so. Drunken sailor and you support that crap.

J.R. said:

---

Doc Holliday said:

---

J.R. said:

---

Doc Holliday said:

---

A third bank is now on the verge of collapse...

If there's a bank run that collapses the financial sector, look for Biden to blame the Fed and lefties will blame Trump era deregulation which has nothing to do with the situation.

If this spirals out of control, we can't afford to fix the problem because of reckless money printing.

Now that the Venture Capital bailout went thru so easily, it won't stop. Why would it stop now?

---

Trump was behind the "money printing" and running up the deficit to all time highs! Good conservative, right there.

---

Trump wrote omnibus bills?

---

you looked at the deficit under Trumps???? I didn't think so. Drunken sailor and you support that crap.

---

Too much baked in debt for any president to curtail it much. See constant debt growth chart in this link.
It will take Congress doing its job to fix the debt problem.


The deficit problem Biden referenced recently in his budget presentation is a whole different animal. It is not the same as national debt, and he couldn't reference the national debt without scaring the crap out of everyone.

Doc Holliday said:

---

J.R. said:

---

Doc Holliday said:

---

A third bank is now on the verge of collapse...

If there's a bank run that collapses the financial sector, look for Biden to blame the Fed and lefties will blame Trump era deregulation which has nothing to do with the situation.

If this spirals out of control, we can't afford to fix the problem because of reckless money printing.

Now that the Venture Capital bailout went thru so easily, it won't stop. Why would it stop now?

---

Trump was behind the "money printing" and running up the deficit to all time highs! Good conservative, right there.

---

Trump wrote omnibus bills?

---

dont reply to him, he will just continue on about how you dont know anything and Trump is the secret devil behind everything bad that happened since 2016

Oldbear83 said:

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ABC BEAR said:

---

I keep my assets at George Bailey's Building & Loan.

---

The place that was sold to Arab investors and replaced with a Hooters?

---

Yeah. I would love to see Violet Bick in a Hooters outfit.....Mary too.

down goes CS.

down goes CS.

- how ard co sell

D!

who's got next?

https://www.foxbusiness.com/politics/chuck-schumer-dems-rush-give-back-donations-silicon-valley-bank-ceo

There are political considerations here.

Some interesting things came up in the link...

"Biden says his administration will soon fire all the bank's leadership, including Becker, who donated the funds to Schumer."

How can Biden fire the banks leadership? Is it a federal bank?

Also from the comments:

Someone listed that many of the creditors are Chinese and big democratic donors (don't know if true).

So all banks and consumers are going to get charged higher FIDC fees to bailout China and the politically connected. That doesn't seem fair.

BearFan33 said:

---

https://www.foxbusiness.com/politics/chuck-schumer-dems-rush-give-back-donations-silicon-valley-bank-ceo

There are political considerations here.

Some interesting things came up in the link...

"Biden says his administration will soon fire all the bank's leadership, including Becker, who donated the funds to Schumer."

How can Biden fire the banks leadership? Is it a federal bank? Banks are regulated by a federal agency, FDIC. FDIC can demand the replacement of SVB officers.

Also from the comments:

Someone listed that many of the creditors are Chinese and big democratic donors (don't know if true). Big Democrat donors are depositors and these depositors apparently will be held harmless.

So all banks and consumers are going to get charged higher FIDC fees to bailout China and the politically connected. That doesn't seem fair. All banks will be assessed a fee pro rata based on the size of the bank. Indirectly consumers will pay this fee.

---

Answers in bold

FDIC is insurance, so there must be underwriters assessing how much needs to be kept on hand to cover possible losses based on the contract. If the insurance pays more than agreed upon, there will be a reassessment of fees.

EatMoreSalmon said:

---

FDIC is insurance, so there must be underwriters assessing how much needs to be kept on hand to cover possible losses based on the contract. If the insurance pays more than agreed upon, there will be a reassessment of fees.

---

As I understand it, FDIC spends the money and then makes the assessment. (not really sure, but that's close)

One way or the other, they will have to treat the FDIC reserves better than the strategic oil reserves. All banks will pay more to replenish.

Osodecentx said:

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EatMoreSalmon said:

---

FDIC is insurance, so there must be underwriters assessing how much needs to be kept on hand to cover possible losses based on the contract. If the insurance pays more than agreed upon, there will be a reassessment of fees.

---

As I understand it, FDIC spends the money and then makes the assessment. (not really sure, but that's close)

---

Correct. Banks pay an assessment for FDIC insurance based on size, risk rating, etc. They just increase the assessment across the board to replenish the insurance pool.

whitetrash said:

---

Osodecentx said:

---

EatMoreSalmon said:

---

FDIC is insurance, so there must be underwriters assessing how much needs to be kept on hand to cover possible losses based on the contract. If the insurance pays more than agreed upon, there will be a reassessment of fees.

---

As I understand it, FDIC spends the money and then makes the assessment. (not really sure, but that's close)

---

Correct. Banks pay an assessment for FDIC insurance based on size, risk rating, etc. They just increase the assessment across the board to replenish the insurance pool.

---

These bank runs are gonna wipe out the FID until it can be replenished. Especially if they are using it to backstop all depositis.

4th and Inches said:

---

whitetrash said:

---

Osodecentx said:

---

EatMoreSalmon said:

---

FDIC is insurance, so there must be underwriters assessing how much needs to be kept on hand to cover possible losses based on the contract. If the insurance pays more than agreed upon, there will be a reassessment of fees.

---

As I understand it, FDIC spends the money and then makes the assessment. (not really sure, but that's close)

---

Correct. Banks pay an assessment for FDIC insurance based on size, risk rating, etc. They just increase the assessment across the board to replenish the insurance pool.

---

These bank runs are gonna wipe out the FID until it can be replenished. Especially if they are using it to backstop all depositis.

---

I agree. I believe they have the authority to make "emergency" assessments.

Do you have any idea how much money is required to insure deposits over $250,000? (I don't)

Osodecentx said:

---

4th and Inches said:

---

whitetrash said:

---

Osodecentx said:

---

EatMoreSalmon said:

---

FDIC is insurance, so there must be underwriters assessing how much needs to be kept on hand to cover possible losses based on the contract. If the insurance pays more than agreed upon, there will be a reassessment of fees.

---

As I understand it, FDIC spends the money and then makes the assessment. (not really sure, but that's close)

---

Correct. Banks pay an assessment for FDIC insurance based on size, risk rating, etc. They just increase the assessment across the board to replenish the insurance pool.

---

These bank runs are gonna wipe out the FID until it can be replenished. Especially if they are using it to backstop all depositis.

---

I agree. I believe they have the authority to make "emergency" assessments.

Do you have any idea how much money is required to insure deposits over $250,000? (I don't)

---

Frank Dodd rule said FDIC must keep available 1.35% minimum in the FID(125 billionish) of all insured deposits(total assets controled by banks is about 15-18 trillion approx- not all are insured by FDIC)

Insuring all deposits is an insane number but it is very doubtful would we see a run on even 10% of insured money at one time but the 10 biggest banks control over 10.5 trillion in assetd so it could get bad quickly if the big banks fail. These banks that failed last week are small compared to the top 10.

Rewatching Sneakers (1992) where Ben Kingsley's character embodies Silicon Valley's counterculture-to-cyberculture-to-accelerationism arc, and this part on bank manipulation is really something pic.twitter.com/ijqzx3vctc

— Samantha Culp (@samanthaculp) March 15, 2023

Osodecentx said:

---

Doc Holliday said:

---

If this spirals out of control, we can't afford to fix the problem because of reckless money printing.

---

Not to nitpick, but we can't afford to fix the problem because of reckless money printing.
If it doesn't spiral out of control this time it will sooner or later.
Every percent of interest the government has to pay to borrow money cost about $300 billion.

---

Too many easy money policies for too long.

RMF5630 said:

---

Osodecentx said:

---

Doc Holliday said:

---

If this spirals out of control, we can't afford to fix the problem because of reckless money printing.

---

Not to nitpick, but we can't afford to fix the problem because of reckless money printing.
If it doesn't spiral out of control this time it will sooner or later.
Every percent of interest the government has to pay to borrow money cost about $300 billion.

---

Too many easy money policies for too long.

---

What happens? What does the reset look like?

Osodecentx said:

---

RMF5630 said:

---

Osodecentx said:

---

Doc Holliday said:

---

If this spirals out of control, we can't afford to fix the problem because of reckless money printing.

---

Not to nitpick, but we can't afford to fix the problem because of reckless money printing.
If it doesn't spiral out of control this time it will sooner or later.
Every percent of interest the government has to pay to borrow money cost about $300 billion.

---

Too many easy money policies for too long.

---

What happens? What does the reset look like?

---

Well, there are two options. Let the market fix itself and raise interest rates. There will be pain at some point. Or, the Govt backs it and we become Greece...

RMF5630 said:

---

Osodecentx said:

---

RMF5630 said:

---

Osodecentx said:

---

Doc Holliday said:

---

If this spirals out of control, we can't afford to fix the problem because of reckless money printing.

---

Not to nitpick, but we can't afford to fix the problem because of reckless money printing.
If it doesn't spiral out of control this time it will sooner or later.
Every percent of interest the government has to pay to borrow money cost about $300 billion.

---

Too many easy money policies for too long.

---

What happens? What does the reset look like?

---

Well, there are two options. Let the market fix itself and raise interest rates. There will be pain at some point. Or, the Govt backs it and we become Greece...

---

Bond vigilantes?

Osodecentx said:

---

RMF5630 said:

---

Osodecentx said:

---

RMF5630 said:

---

Osodecentx said:

---

Doc Holliday said:

---

If this spirals out of control, we can't afford to fix the problem because of reckless money printing.

---

Not to nitpick, but we can't afford to fix the problem because of reckless money printing.
If it doesn't spiral out of control this time it will sooner or later.
Every percent of interest the government has to pay to borrow money cost about $300 billion.

---

Too many easy money policies for too long.

---

What happens? What does the reset look like?

---

Well, there are two options. Let the market fix itself and raise interest rates. There will be pain at some point. Or, the Govt backs it and we become Greece...

---

Bond vigilantes?

---

Might be the opposite of the Great Reset. May backfire, who can afford to buy the debt? The "haves" that's who. Some holding companies will come to the rescue and more wealth will go to the top...

The real reason there MIGHT be a run on banks is the very idiots that inhabit this thread.