aceofspadeshq at gee mail.com
CBD:
cbd at cutjibnewsletter.com
Buck:
buck.throckmorton at protonmail.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com
Biden Bails Out Silicon Valley Bank's and Signature Bank's Depositors, But Says It's Not a Bailout
President Joe Biden on Monday told U.S. residents the nation's financial systems are sound, following the swift and stunning collapse of two banks that prompted fears of a broader upheaval. "Americans can have confidence that the banking system is safe," he said from the Roosevelt Room before a trip to the West Coast. "Your deposits will be there when you need them." U.S. regulators closed the Silicon Valley Bank on Friday after it experienced a traditional bank run, where depositors rushed to withdraw their funds all at once. It is the second largest bank failure in U.S. history, behind only the 2008 failure of Washington Mutual. In a sign of how fast the financial bleeding was occurring, regulators announced that New York-based Signature Bank had also failed.
Biden claims that this isn't a bailout and also that taxpayers won't be paying for this bailout.
Um, if we're paying to put money back into depositors' accounts, of course we're bearing the losses. He means that he will be taxing the banks and the FDIC to pay for this.
President Biden on Monday stressed that Silicon Valley Bank (SVB) will not get a government bailout after regulators seized the assets of the failed bank. "No losses will be -- and this is an important for point -- no losses will be borne by the taxpayers. Let me repeat that, no losses will be borne by the taxpayers. Instead, the money will come from the fees that banks pay into the Deposit Insurance Fund," Biden said in remarks at the White House on the banking system. Treasury Secretary Janet Yellen ruled out on Sunday a bailout possibility for the bank's owners and investors, saying in the aftermath of the 2008 banking crisis that "we're not going to do that again." The government gave financial support to rescue companies through bailouts in 2008 and Biden stressed that the loses from SVB's failure will not be accepted by taxpayers. The Deposit Insurance Fund covers all deposits above the Federal Deposit Insurance Corporation's (FDIC) limits for banks.
The FDIC will sell off SVB assets to cover some costs but, beyond that, depositors will be paid with money from the Deposit Insurance Fund. This fund has been built up by fees collected from banks. Any losses to the fund "to support uninsured depositors will be recovered by a special assessment on banks," write Yellen and company. A lot of folks are insisting this isn't a bailout and that it comes at no cost to taxpayers. For instance: The joint statement says, "No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer." But this is misleading. For one thing, banks are themselves taxpayers. And in situations like this, the many institutions who act responsibly must bear the burden of bank fees in order to inoculate less responsible actors. Besides, these fees assessed on banks don't exist in a vacuum that only burdens big businesses; banks pass on the costs of regulatory compliance to customers in a number of ways. So the idea that the government's bailout funds come from some sort of magical pool of consequence-free money is silly.By the way: We'll be bailing out Joe Biden's Chinese business partners, obviously.
I think they're talking mostly about SVB lending to Chinese companies, not Chinese companies keeping funds on deposit with SVB -- but we'll have to see. Note that a big driver of this is a panic in Mortgage-Based Securities (MBS), which banks hold. Why is there a panic in MBSs? Because Biden's hyperinflation has caused flexible-rate mortgages to skyrocket in costs, and some people are walking away from their mortgages, and then the value of MBSs fall, leaving the banks holding them in a precarious situation.
The failure of Silicon Valley Bank has left many Chinese funds and tech start-ups in the lurch, as the collapsed institution served as a key funding bridge for groups operating between China and the US. SVB's abrupt takeover by US regulators on Friday has also cast doubt over the fate of its joint venture in China with Shanghai Pudong Development Bank, which maintains a separate balance sheet and has total assets of Rmb21bn ($3bn). The Silicon Valley lender played a big role in China's dollar-based ecosystem for funding fledgling companies, industry insiders said, with funds and start-ups often holding money at the bank before bringing it onshore to mainland China.
Paul SperryOf course, Biden flacks and the Democrats and the media -- but I repeat myself thrice -- are claiming the big problem is that Republicans made a few minor tweaks to banking regulation. They're saying that by reducing the amount of cash banks were required to keep on hand, this... caused the banks to lose billions in investments? How? No, the problem is that Biden's hyperinflation is provoking another 2008-style mortgage-based security crash. Now First Republic bank has lost 60% of shareholder value, and fears are growing of regional banks collapsing.
@paulsperry_ BLAME GAME: Don't be misled, the MBS panic resulted from Biden's COVID panic --his overstimulus & lockdown-induced supply chain crisis stoked inflation which forced The Fed to ramp up interest rates which killed MBS market & left banks like SVB that placed big bets on MBS exposed
First Republic Bank shares plunged by about 60% in premarket trading on Monday even after the regional lender announced steps to shore up its balance sheet. Shares of other regional banks and financial firms are also stumbling, signaling continued nervousness despite the aggressive federal response announced Sunday night to protect depositors at Silicon Valley Bank and Signature Bank. Investors are on high-alert for banks with similar issues to the ones that collapsed Silicon Valley Bank last week.
Jim Cramer recommended that his viewers buy shares in the bank. Note that these shares are now essentially worthless.
Jim Cramer said Silicon Valley Bank was a buy last month at $320
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) March 10, 2023
Today it is being closed by California regulators pic.twitter.com/x1xMBTrQTS
Goodbye CNBC @cnbc @jimcramer pic.twitter.com/SODOD0BLyb
— Stefanie Kammerman/The Stock Whisperer (@VolumePrintcess) March 12, 2023
Jim CramerAnyone who listened to Jim Cramer bought stocks in a bank for real money which were quickly worth near-zero dollars. Bear in mind that SVB's investors were certainly looking to unload their stocks-- they knew the stock price was going down. So Jim Cramer told his viewers to help out SVB's former investors by taking the soon-to-be-worthless stock off their hands. Jim Cramer enlisted his viewers to buy out the old investors, shifting the cost of the wipeout from the former investors to the new ones.
@jimcramer Watch SIVB common. It is climbing despite endless bear raids....
That’s why you inverse Cramer😂 pic.twitter.com/QK446mApzQ
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) January 26, 2023
On March 11, 2008, Jim Cramer said not to remove your money from Bear Sterns.
— unusual_whales (@unusual_whales) March 11, 2023
Today, the 16th largest bank in the US, Silicon Valley Bank, collapsed, nearly 15 years to the date. pic.twitter.com/itREkiCXcv
I guess Trump’s prediction here is coming true.
— Remnant_Man (@remnantman1) March 13, 2023
I guess it wasn’t too hard to predict this one though given the super smart people we have running this country now. #Bankcollapse #SVB #Silicon_Valley_Bank #BankRunBiden #BankRuns #banks #stockmarketcrash pic.twitter.com/WqO05Vmqr4
Comments
(Jump to bottom of comments)Posted by: SturmToddler at March 13, 2023 01:13 PM (Mkvkw)
Posted by: Droolin' Joe Biden! at March 13, 2023 01:14 PM (2tUFv)
Posted by: SturmToddler at March 13, 2023 01:14 PM (Mkvkw)
Posted by: SturmToddler at March 13, 2023 01:14 PM (Mkvkw)
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:14 PM (zZu0s)
Posted by: MAGA_Ken at March 13, 2023 01:14 PM (b/RVE)
Posted by: SturmToddler at March 13, 2023 01:14 PM (Mkvkw)
Posted by: Droolin' Joe Biden! at March 13, 2023 01:15 PM (2tUFv)
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 01:15 PM (MvF+J)
Posted by: sven at March 13, 2023 01:15 PM (Lzpvj)
Posted by: It's me donna at March 13, 2023 01:15 PM (bs+z0)
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:15 PM (zZu0s)
Posted by: Droolin' Joe Biden! at March 13, 2023 01:16 PM (2tUFv)
You peasants get to eat the losses caused by my economic policies.
Posted by: Droolin' Joe Biden! at March 13, 2023 01:15 PM (2tUFv)
Just not cooked on a gas stove.
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:16 PM (zZu0s)
Gesundheit.
Posted by: Notorious BFD at March 13, 2023 01:16 PM (Xrfse)
Posted by: Thomas Bender at March 13, 2023 01:17 PM (n/8Ck)
Posted by: Maj. Healey at March 13, 2023 01:17 PM (DMyTF)
Wood.
Chippers.
Posted by: Thomas Bender at March 13, 2023 01:17 PM (n/8Ck)
The comment for all seasons.
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:17 PM (zZu0s)
She thrust my change and the product at me and snapped, "Stand over there." "Why?" "Stand over there." "There" was the customer service/refund lane. When this staffer showed up, her attitude and demeanor were very similar, i.e., "Why am I botherin' wit' you?" She was unable to process my refund, so a "supervisor" had to come over. Her attitude was identical. She did deign to give me the sale price I thought I was entitled to. But you talk about arrogance --!
They have a sign on the wall warning patrons that "abuse" of employees can be considered a felony. Well, if employees are being abused there, perhaps they are inciting it.
(I wrote the above to WG's management.)
Posted by: Wolfus Aurelius, Dreaming of Elsewhere at March 13, 2023 01:17 PM (J2vNu)
China has bank problems, but so far their failures haven't turned into national crises in China. Wonder why.
Posted by: trev006 at March 13, 2023 01:17 PM (DTm0P)
-you know the tune
Posted by: Eromero at March 13, 2023 01:18 PM (MF3yS)
"You are of your father the devil, and your will is to do your father's desires. He was a murderer from the beginning, and has nothing to do with the truth, because there is no truth in him. When he lies, he speaks out of his own character, for he is a liar and the father of lies."
Posted by: Formerly Virginian at March 13, 2023 01:18 PM (zjgNU)
Posted by: Bulgaroctonus at March 13, 2023 01:18 PM (sjxgf)
Some people did some things.
Mistakes were made.
What difference, at this point, does it make?
Old news.
Time to move on.
It's Trump's fault.
Posted by: Your Elites, now with more Elite at March 13, 2023 01:18 PM (a3Q+t)
2) Socialize the losses
3) Give lots of money to Democrats
Naive, unsophisticated investors, like Silicon Valley venture capital firms, need to be protected from the consequences of their investment decisions.
Posted by: Droolin' Joe Biden! at March 13, 2023 01:18 PM (2tUFv)
Posted by: Tom Servo at March 13, 2023 01:18 PM (trdmm)
Posted by: Maj. Healey at March 13, 2023 01:18 PM (DMyTF)
-you know the tune
Posted by: Eromero at March 13, 2023 01:18 PM (MF3yS)
No one has seen zombie since just after Nov 3 2020?
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:18 PM (zZu0s)
Posted by: trev006 at March 13, 2023 01:18 PM (DTm0P)
>>IOW DOOM!
technically, Doom is the end state of all things.
We seem to be at the suddenly phase of this roller coaster ride.
Buckle up and Gird Your Loins, the drop is not going to be pleasant.
Posted by: Thomas Bender at March 13, 2023 01:18 PM (n/8Ck)
Posted by: anchorbabe fashion cop at March 13, 2023 01:19 PM (ufFY8)
@TPostMillennial
Psaki on Biden’s economy remarks that he did earlier today: “President Biden does nothing at 9 AM … The fact that he’s doing this at 9 AM anyway speaks to how vital the White House recognizes it is for him to have his voice out there…”
https://tinyurl.com/mvc9kv78
Posted by: redridinghood at March 13, 2023 01:19 PM (NpAcC)
Posted by: Cicero Kaboom! Kid at March 13, 2023 01:19 PM (3Or4S)
Posted by: mr tmz at March 13, 2023 01:20 PM (rJ48h)
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:20 PM (zZu0s)
at this rate i'm expecting a 10 charge to use an ATM and negative interest for checking accounts to happen pretty soon...
Posted by: SturmToddler at March 13, 2023 01:20 PM (Mkvkw)
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 01:20 PM (MvF+J)
Posted by: It's me donna at March 13, 2023 01:20 PM (bs+z0)
If the Federal Reserve buys the assets at face value(for more than they're worth), then it will be the banks and taxpayers not paying for things. The government is standing by to pay if that doesn't happen in which case the taxpayers will be paying for things.
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 01:20 PM (eYoxG)
https://tinyurl.com/mvc9kv78
Posted by: redridinghood at March 13, 2023 01:19 PM (NpAcC)
Vital=scared shitless. Their real constituents are losing money.
Posted by: sniffybigtoe at March 13, 2023 01:20 PM (Y5qcH)
Posted by: Droolin' Joe Biden! at March 13, 2023 01:16 PM (2tUFv) "
dingdingding! we have a winnah!
Posted by: sock_rat_eez - we are being gaslighted 24/365 at March 13, 2023 01:20 PM (VohFI)
He's always tripping on something.
I guess Hunter is too, but in a difference sense.
Posted by: jim (in Kalifornia) at March 13, 2023 01:21 PM (ynpvh)
Posted by: Wolfus Aurelius, Dreaming of Elsewhere at March 13, 2023 01:17 PM (J2vNu)
I usually handle this situation by asking the customer behind me if they have a rewards card I can use.
Gives them points and saves me money.
Posted by: Bitter Clinger at March 13, 2023 01:21 PM (D6oOC)
if we learned anything from 2008, it's not gonna be just this. also this. and this. plus those two. and that one.
Posted by: gnats local 678 at March 13, 2023 01:21 PM (kFrCu)
Posted by: "Perfessor" Squirrel at March 13, 2023 01:21 PM (YIVH2)
Posted by: Christopher R Taylor at March 13, 2023 01:21 PM (0hOvj)
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:21 PM (zZu0s)
This wasn't some jerkwater bank in the Midwest, lending money to stupid industrialists who don't even tell you their personal pronouns when you meet them!
Harry, Meghan, and every left-wing Democratic billionaire banked there!
OF COURSE WE'RE GOING TO BAIL THEM OUT!
Posted by: Droolin' Joe Biden! at March 13, 2023 01:21 PM (2tUFv)
You can "consider" it all you want. Same as considering a man as a woman.
Doesn't make it so.
Posted by: rickb223 at March 13, 2023 01:21 PM (G8h7g)
Posted by: Joey Bidet, Crack SBD Pilot at March 13, 2023 01:21 PM (OxBkG)
>>President Biden does nothing at 9 AM
By 9am, I've already been up for 4 hours.
Piece of sh*t meat sack can't even be bothered to the bare minimum of the bare minimum.
Posted by: Thomas Bender at March 13, 2023 01:21 PM (n/8Ck)
Posted by: runner at March 13, 2023 01:21 PM (EeVCB)
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 01:21 PM (eYoxG)
Posted by: Too big and/or too connected to fail at March 13, 2023 01:22 PM (La8Fd)
Posted by: Muldoon at March 13, 2023 01:22 PM (ykeLU)
This wasn't some jerkwater bank in the Midwest, lending money to stupid industrialists who don't even tell you their personal pronouns when you meet them!
Harry, Meghan, and every left-wing Democratic billionaire banked there!
OF COURSE WE'RE GOING TO BAIL THEM OUT!
Posted by: Droolin' Joe Biden! at March 13, 2023 01:21 PM (2tUFv)
In Silicon Valley.
Posted by: jim (in Kalifornia) at March 13, 2023 01:22 PM (ynpvh)
It's all the way back to its Jul 2020 price! What a great inflation hedge gold is! Buy some today while it's rising.
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 01:22 PM (MvF+J)
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 01:21 PM (eYoxG)
It's locked in.
Posted by: Mitt Romeny at March 13, 2023 01:23 PM (Y5qcH)
Posted by: Adriane the Does not Want to Get Banned Critic . . . at March 13, 2023 01:23 PM (jonTH)
-The Weimar Republic
Posted by: runner at March 13, 2023 01:21 PM (EeVCB)
Indeed -- Hungary in the 1930's
Posted by: jim (in Kalifornia) at March 13, 2023 01:23 PM (ynpvh)
Posted by: Droolin' Joe Biden! at March 13, 2023 01:14 PM (2tUFv)
https://youtu.be/PdbpmeUODME
Posted by: I used to have a different nic at March 13, 2023 01:23 PM (GYIa4)
As if he was going to say anything else?
Posted by: Citizen Cake at March 13, 2023 01:23 PM (CwhoI)
Oh. "We're not going to do that again". Um, why not?????
Is this an admission, by one of the poster-creatures of the sub-mediocre financial wizard class, that the 2008 bailouts were a mistake? Which common sense, history, and many many people screamed at the time?
Oh.
Posted by: rhomboid at March 13, 2023 01:23 PM (OTzUX)
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:18 PM (zZu0s)
in a perverse sort of masochistic way, i miss zombie.
even if i couldn't help myself and click on the links, KNOWING what was coming, i still did it...
hope Zombie is ok where ever he/she ?? is.
Posted by: SturmToddler at March 13, 2023 01:23 PM (Mkvkw)
Posted by: sock_rat_eez - we are being gaslighted 24/365 at March 13, 2023 01:23 PM (VohFI)
Posted by: John Galt at March 13, 2023 01:23 PM (ufFY8)
Just call them lying assholes and move on.
"The taxpayers will not pay one red cent of this."
"This is not a bailout."
Ok bro.
Posted by: ... at March 13, 2023 01:23 PM (jjHp6)
Nor at any other hour in the day.
Posted by: Notorious BFD at March 13, 2023 01:24 PM (Xrfse)
Let me guess. That money is kept in a totally secure lockbox in the basement of the Treasury.
Posted by: Ripley at March 13, 2023 01:24 PM (cUYo/)
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 01:21 PM
Maybe we can get a loan from Zalensky
Posted by: It's me donna at March 13, 2023 01:24 PM (bs+z0)
*got up for work at 0230*
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:21 PM (zZu0s)
Sounds like a "you" problem...
Posted by: Not a morning person at March 13, 2023 01:24 PM (La8Fd)
Posted by: Maj. Healey at March 13, 2023 01:24 PM (DMyTF)
Posted by: General Strike at March 13, 2023 01:24 PM (sQq+E)
-The Weimar Republic
Posted by: runner at March 13, 2023 01:21 PM (EeVCB)
Indeed -- Hungary in the 1930's
Posted by: jim (in Kalifornia) at March 13, 2023 01:23 PM (ynpvh)
*considering saying something, but decides to stfu*
Posted by: Zimbabwe at March 13, 2023 01:24 PM (zZu0s)
Oh. "We're not going to do that again". Um, why not?????
Is this an admission, by one of the poster-creatures of the sub-mediocre financial wizard class, that the 2008 bailouts were a mistake? Which common sense, history, and many many people screamed at the time?
Oh.
Posted by: rhomboid at March 13, 2023 01:23 PM (OTzUX)
The problem was never fixed, to the tune of $100's of billions or more.
Posted by: jim (in Kalifornia) at March 13, 2023 01:25 PM (ynpvh)
This is where SBF learns that it pays to be in traditional banking. Even if you give the Party stupendous sums of cash, they can't cover for you nearly so easily if you're in a less regulated market.
Posted by: Yudhishthira's Dice at March 13, 2023 01:25 PM (oINRc)
Posted by: Not a morning person at March 13, 2023 01:24 PM (La8Fd)
Yeah, it is not a fun thing.
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:25 PM (zZu0s)
Posted by: Droolin' Joe Biden! at March 13, 2023 01:25 PM (2tUFv)
Posted by: spindrift at March 13, 2023 01:25 PM (h5TKJ)
Posted by: Pudinhead at March 13, 2023 01:25 PM (HTCOy)
Posted by: Elric Blade at March 13, 2023 01:25 PM (iFTx/)
Posted by: mrp at March 13, 2023 01:25 PM (rj6Yv)
Posted by: Bitter Clinger at March 13, 2023 01:25 PM (D6oOC)
Posted by: wytshus at March 13, 2023 01:26 PM (cigZw)
the other banks will have to pay instead of taxpayers when the fed does something like this it imposes a fee on all the other FDIC banks to pay for it.
Understanding all the details in this is impossible. ]I googled and didn't find any good articles yet. Ideally someone like Vox would put out an explainer eventually
Biden's remarks were literally just under 5 minutes It's not like they had to digest and summarize a 30 - 45 minute speech.
Posted by: Intrepid Democratic Underground AoS Liaison at March 13, 2023 01:26 PM (JCZqz)
Nor at any other hour in the day.
Posted by: Notorious BFD at March 13, 2023 01:24 PM (Xrfse)
I disagree
Posted by: Biden's Depends at March 13, 2023 01:26 PM (ynpvh)
Posted by: sock_rat_eez - we are being gaslighted 24/365 at March 13, 2023 01:26 PM (VohFI)
These f**king maniacs have literally destroyed the f**king world and broke EVERYTHING to get rid of Trump.
Unbelievable, but there it is.
Posted by: Thomas Bender at March 13, 2023 01:26 PM (n/8Ck)
Posted by: Bulgaroctonus at March 13, 2023 01:27 PM (sjxgf)
You peasants get to eat the losses caused by my economic policies.
Posted by: Droolin' Joe Biden! at March 13, 2023 01:15 PM (2tUFv)
HEY! This is OPRAH we are talking about here!
Posted by: Kindltot at March 13, 2023 01:27 PM (xhaym)
One of the three banks I deal with and have savings in is a major regional bank. It's Nasdaq share hit some floor in value at 11:15 am and is on the 'Halt List' which is still growing as of 1:22 pm. I pulled 75% of the money I had with them at 9:00 am this morning.
Might transfer the rest tomorrow.
Link to Nasdaq halt list if you wanna see/recognize a name:
https://tinyurl.com/2zd3u2y9
Posted by: Divide by Zero at March 13, 2023 01:27 PM (enJYY)
It is what has allowed the consolidation of the banking industry, AND they ability of the left to start turning it to their ends.
With over 10,000 banks when the act was passed, banking was dispersed, limiting risk- if one bank fails, it is a much smaller effect on the economy.
Today we are under 4,000 and declining. As a result, banks are bigger and risks from a single failure are much higher.
I'm generally oppposed to over-regulation, but allowing for massive banks that are now "too big to fail" is horrific.
EITHER do not regulate and they can fail on their own OR put restrictions on them so failure isn't as big a cost.
We get the worst of both worlds as it is today!
Posted by: Formerly Virginian at March 13, 2023 01:27 PM (zjgNU)
I recall hearing that as the entire financial system was on the verge of collapse in 2007.
Posted by: Ripley at March 13, 2023 01:27 PM (cUYo/)
I think we’re entitled to a little good news!
Posted by: Republic Theatre, brought to you by Pfizer! at March 13, 2023 01:27 PM (YTBIQ)
"Unexpectedly."
Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 13, 2023 01:27 PM (O6MQg)
Posted by: John Galt
We told everyone solar wouldn't power squat.
Posted by: rickb223 at March 13, 2023 01:27 PM (G8h7g)
You rat fucking moron, that is why you do not bail them out in the first place! That is how the free market WORKS!
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:27 PM (zZu0s)
So, the FDIC released "guidance" to the banks which said, "do not call it an FDIC fee because we are charging you the fee, not your customers."
See FDIC FIL-33-2012.
Posted by: Rdubs at March 13, 2023 01:27 PM (9ALg7)
It seemed curiously appropriate.
Posted by: The ARC of History! at March 13, 2023 01:27 PM (2tUFv)
Posted by: Christopher R Taylor at March 13, 2023 01:28 PM (0hOvj)
Posted by: Jim Cramer at March 13, 2023 01:28 PM (KFhLj)
https://tinyurl.com/2p8td3ac
Posted by: Thrawn at March 13, 2023 01:28 PM (Rl7KJ)
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:28 PM (zZu0s)
We came close to the ATM machines not working.
Posted by: The ARC of History! at March 13, 2023 01:28 PM (2tUFv)
---
hahahaha
That explains so much.
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:28 PM (o/smN)
Posted by: Thomas Paine at March 13, 2023 01:29 PM (lTGtQ)
Can anyone imagine a stress test that would ding a bank for heavily investing in Treasury Bonds?
Posted by: brian at March 13, 2023 01:29 PM (Sj3xu)
Posted by: The Unvaxxed and Unmasked Ranger - Fox Mulder Was Right All Along at March 13, 2023 01:29 PM (VTu1l)
Posted by: Muldoon at March 13, 2023 01:29 PM (ykeLU)
Posted by: Augustine at March 13, 2023 01:29 PM (BDZWU)
Posted by: Christopher R Taylor at March 13, 2023 01:28 PM (0hOvj)
It's like communism; it just wasn't done right.
Oh No! Another Burnt Souffle!
Posted by: jim (in Kalifornia) at March 13, 2023 01:29 PM (ynpvh)
Posted by: Maj. Healey
Glad to hear that. I have silver too. The rest is all conservative investments.
Posted by: Infidel at March 13, 2023 01:29 PM (tITEI)
Posted by: Notorious BFD at March 13, 2023 01:30 PM (Xrfse)
There was a huge contraction in the number of banks under the last banking/housing crisis. Chase gobbled up a ton of really good banks, including the one I used. The change in rules and policies made banks worse, as well. They started charging fees that were damaging to poor people like me
Posted by: Christopher R Taylor at March 13, 2023 01:30 PM (0hOvj)
Posted by: Bulgaroctonus at March 13, 2023 01:27 PM (sjxgf)
Strange how laughter looks like crying with no sound
Raindrops taste like tears without the pain
Posted by: Not Sponge at March 13, 2023 01:30 PM (ufFY8)
Oh. "We're not going to do that again". Um, why not?????
Is this an admission, by one of the poster-creatures of the sub-mediocre financial wizard class, that the 2008 bailouts were a mistake? Which common sense, history, and many many people screamed at the time?
Oh.
Posted by: rhomboid at March 13, 2023 01:23 PM (OTzUX)
One of the first big moves after the end of the fallout in 2012 was to start pumping up the real estate market again.
What with the recent revelation that the Sinaloa cartel was laundering money through arranged sales and gift of real estate in states like IL and AZ, I imagine a lot of that was driven by the desire to maintain the value of those money laundering receipts.
Posted by: Kindltot at March 13, 2023 01:30 PM (xhaym)
*************
Fascinating theory! So, what specific part of Dodd-Frank would have prevented this?
Left: .................
TRUMP SAID PUSSY
Posted by: The Unvaxxed and Unmasked Ranger - Fox Mulder Was Right All Along at March 13, 2023 01:30 PM (VTu1l)
EITHER do not regulate and they can fail on their own OR put restrictions on them so failure isn't as big a cost.
We get the worst of both worlds as it is today!
Posted by: Formerly Virginian at March 13, 2023 01:27 PM (zjgNU)
The US used to form around 100 new banks a year. Since Dodd-Frank it's been close to 0, sometimes 0 each year. There are many industries that have been regulated into being run by a small number of larger players, I've never seen the an industry that have been regulated into being run by a large number of small players.
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 01:30 PM (eYoxG)
The “full faith and credit” of the Federal government folks.
Posted by: MAGA_Ken at March 13, 2023 01:30 PM (b/RVE)
Posted by: micky at March 13, 2023 01:31 PM (3byMq)
Oh look! March Madness! Get your brackets in! Watch our special as surprise guest Barack Obama makes his picks!
Posted by: People's Hippo Voice at March 13, 2023 01:31 PM (XuB58)
Of course, the specific regulations Trump rolled-back and how their absence caused the current situation were not described. Nor will they ever be - Joe made his anti-Trump political accusation and the Media won't want to find out if Joe is correct.
Posted by: Gref at March 13, 2023 01:32 PM (AMIL/)
-
Damn commiephobe!
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 13, 2023 01:32 PM (FVME7)
Can anyone imagine a stress test that would ding a bank for heavily investing in Treasury Bonds?
Posted by: brian at March 13, 2023 01:29 PM (Sj3xu)
Dodd Frank caused this mess. It let banks keep bonds valued at their face value at maturity as reserves. But when they try to liquidate them during a bank run, whoopsie, they're worth a lot less now because interest rates are higher.
Posted by: Mitt Romeny at March 13, 2023 01:32 PM (UuD2k)
The whole point of regulation is to crush your small competitors.
ESG is just another example of this.
Posted by: The Big Guys! at March 13, 2023 01:32 PM (2tUFv)
Posted by: Mr Aspirin Factory at March 13, 2023 01:33 PM (y/a4v)
Posted by: Jim Cramer at March 13, 2023 01:33 PM (KFhLj)
Posted by: Citizen Cake at March 13, 2023 01:33 PM (CwhoI)
Nah.
Impeach the lying liars. Fine them. Jail them.
Enforce the law.
What's that? Laws evaporated with O'Barry and Bunch? 21 violations of the Constitution and now he laughs at us while sitting in 4 mansions, thumbing through television and book deals, eating Wagu beef and wearing $600 shirts?
Nevermind.
Posted by: Ju at March 13, 2023 01:33 PM (aTmM/)
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:33 PM (o/smN)
Portfolio diversification FTW.
Posted by: Bitter Clinger at March 13, 2023 01:33 PM (D6oOC)
Posted by: Notorious BFD at March 13, 2023 01:30 PM
That's what happens when a paradigm starts to shift without a clutch.
Posted by: RedMindBlueState at March 13, 2023 01:33 PM (Wnv9h)
Posted by: Mnnfidel at March 13, 2023 01:33 PM (GwxCX)
The inflation had roots in policies preceding the vile vegetable getting 81M votes - without a campaign, and only talking about disastrous insane policies. The supply chain disruptions started during the general C19 panic (The Great Idiocy), and there were the enormous "relief" bills that were specifically intended to artificially support the economy while it was partially shutting down.
There would have been inflationary pressures in 2021-2022 even without the absurd and disastrous Biden-backed additional bills. Probably not the same, and certainly such pressures would have faced a very different overall outlook.
The War on Real Energy is yuuuuge in all this, and that is 100% a Biden thing. In addition to that, Trump economic policies had been wildly successful (shhhh, don't tell idiotic Biden voters, and child-adults who care about personality, not policy), and the broad expansion he'd directly helped allow to happen had been proceeding without the inflationary pressure usually associated with such growth.
Posted by: rhomboid at March 13, 2023 01:33 PM (OTzUX)
The “full faith and credit” of the Federal government folks.
Posted by: MAGA_Ken at March 13, 2023 01:30 PM
Which is backed by high speed intaglio printing presses.
Posted by: Divide by Zero at March 13, 2023 01:33 PM (enJYY)
Posted by: Weird Al at March 13, 2023 01:34 PM (RHGPo)
M2 money supply Jan 2020 $15402 bazillion.
M2 money supply Jan 2021 $19367 bz.
M2 money goose for 2020: $3965 bz.
M2 money supply at peak (Mar 2022): $21739 bz.
M2 money goose for Jan 2021 to Mar 2022: $2372 bz.
https://fred.stlouisfed.org/series/M2SL
I wish Milton Friedman was alive to explain this to all you Milton Friedman worshippers.
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 01:34 PM (MvF+J)
I guess she had a way
Of making every night seem bright as day
Now I walk in shadows, never see the light
She must have lied, cause she never said goodbye
I don't believe in love
I never have, I never will
I don't believe in love
It's never worth the pain that you feel
Posted by: Christopher R Taylor at March 13, 2023 01:34 PM (0hOvj)
Posted by: Joe Biden at March 13, 2023 01:34 PM (FGr0e)
Portfolio diversification FTW.
Posted by: Bitter Clinger at March 13, 2023 01:33 PM (D6oOC)
*golfclap*
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:34 PM (zZu0s)
Right after I poop in my pants!
Posted by: Droolin' Joe Biden! at March 13, 2023 01:34 PM (2tUFv)
Posted by: It's me donna at March 13, 2023 01:34 PM (bs+z0)
Posted by: Kindltot at March 13, 2023 01:30 PM (xhaym)
Yup. Waiting for that to crash soon. Prices coming down as interest rates go up. In Kali, just not affordable.
Posted by: jim (in Kalifornia) at March 13, 2023 01:34 PM (ynpvh)
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:34 PM (o/smN)
*********
Yeah, and Muldoon can have a pony.
Posted by: Muldoon at March 13, 2023 01:34 PM (ykeLU)
Posted by: t-bird at March 13, 2023 01:35 PM (Sv58p)
Probably should take a look at the "Resumption Trade Time" column. That list needs to be culled a bit.
Posted by: Halfhand at March 13, 2023 01:35 PM (x1iAo)
Again, there literally is a monetary fund that follows this exact principle: they do the opposite of what Cramer says. They are doing better than average.
Posted by: Christopher R Taylor at March 13, 2023 01:35 PM (0hOvj)
In 2023, the "average Amerikan" can barely wipe its arse.
Posted by: Notorious BFD at March 13, 2023 01:35 PM (Xrfse)
Posted by: Weird Al at March 13, 2023 01:35 PM (RHGPo)
Huh? Todd is officially retarded?
Posted by: N. Lurker at March 13, 2023 01:35 PM (eGTCV)
Posted by: Muldoon at March 13, 2023 01:34 PM (ykeLU)
What are you going to name him?
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:35 PM (zZu0s)
Posted by: Muldoon at March 13, 2023 01:34 PM (ykeLU)
What are you going to name him?
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:35 PM (zZu0s)
Pudong?
Posted by: Deplorable Ian Galt at March 13, 2023 01:36 PM (ufFY8)
Posted by: Citizen Cake"
I'm going to identify as the Ukraine
Posted by: Ripley at March 13, 2023 01:36 PM (cUYo/)
And they are building like crazy, its bizarre to watch. The population isn't growing that fast, why are they building so many new homes, condos, apartments, etc?
Posted by: Christopher R Taylor at March 13, 2023 01:36 PM (0hOvj)
Posted by: Arkansas Biden Baby at March 13, 2023 01:36 PM (Xrfse)
Support our troops in Ukraine, or be judged a traitor!
Posted by: Droolin' Joe Biden! at March 13, 2023 01:36 PM (2tUFv)
Posted by: Jim Cramer at March 13, 2023 01:37 PM (z7wN2)
Posted by: It's me donna at March 13, 2023 01:34 PM (bs+z0)
Nope. Any day now I expect to be told Trump is the real father of the stripper's kid, not Hunter.
Posted by: Gref at March 13, 2023 01:37 PM (AMIL/)
Posted by: Citizen Cake"
I'm going to identify as the Ukraine
Posted by: Ripley at March 13, 2023 01:36 PM (cUYo/)
Same thing
Posted by: It's me donna at March 13, 2023 01:37 PM (bs+z0)
ESG is just another example of this.
Posted by: The Big Guys! at March 13, 2023 01:32 PM (2tUFv)
-----
Yes, but most Americans are so economically illiterate they swear by "anti-trust" laws. The same people are always shocked to later find a behemoth company tied to the federal government at the hip.
Posted by: insurgens ad opus at March 13, 2023 01:37 PM (5Qfrx)
https://bit.ly/4067svM
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 13, 2023 01:37 PM (FVME7)
Posted by: Kindltot at March 13, 2023 01:37 PM (xhaym)
"shut up man"
--Henry Hill stapling balloons filled with gas to the ceiling
Posted by: Christopher R Taylor at March 13, 2023 01:37 PM (0hOvj)
Posted by: Muldoon at March 13, 2023 01:37 PM (ykeLU)
Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at March 13, 2023 01:38 PM (KFhLj)
Posted by: Augustine
Word. I've been with NFCU forever. This is only one of the reasons I like them:
"Navy Federal conducts all member business in English. All origination, servicing, collections and marketing materials are provided in English only." No Spanglish, Engrish, Pennsylvania Dutch, or Esperanto - you heathen, tranny, sick f**ks.
It's on their homepage. (I may have added that last sentence.)
Posted by: Tonypete at March 13, 2023 01:38 PM (qoGsy)
In my corner of suburban Portland, they've gone from building 500 houses a year to effectively zero.
Posted by: The ARC of History! at March 13, 2023 01:38 PM (2tUFv)
Posted by: Muldoon at March 13, 2023 01:37 PM (ykeLU)
Cabbage Patch Kids- with certificates of authenticity.
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:38 PM (zZu0s)
Posted by: Teresa in Fort Worth, Texas - Ace of Spades Ladies Brigade, plucky comic relief at March 13, 2023 01:38 PM (SRRAx)
Posted by: Mnnfidel at March 13, 2023 01:39 PM (GwxCX)
The same President Biden today has - much to the angst of conservationists - authorized a giant ConocoPhillips oil project in northwest Alaska.
Posted by: Weird Al at March 13, 2023 01:39 PM (RHGPo)
In my corner of suburban Portland, they've gone from building 500 houses a year to effectively zero.
Posted by: The ARC of History! at March 13, 2023 01:38 PM (2tUFv)
Yeah most of what I'm hearing is construction is way down. Office space is dead. Where are you seeing tons of building?
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 01:39 PM (eYoxG)
Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at March 13, 2023 01:38 PM (KFhLj)
Black light posters of Elvis for the win.
Posted by: Deplorable Ian Galt at March 13, 2023 01:39 PM (ufFY8)
Oh. Where do the banks get the money to pay those fees? I wonder....
Posted by: Cat Ass Trophy at March 13, 2023 01:39 PM (/J1iS)
A Virgin Australia flight dispatched, operated, and handled entirely by women has touched down at Brisbane Airport as a symbolic gesture to mark International Women's Day.
The 737-800, VH-YWD, departed Melbourne at 8:34 am as flight VA313 and is due to land imminently. It featured an all-female flight and cabin crew and an all-female pit crew at both ends.
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 13, 2023 01:39 PM (FVME7)
So are the Air Force One stairs. 🤔
Posted by: Marcus T at March 13, 2023 01:39 PM (SAX5G)
"Politicizing" teaching about Communism, eh?
The day will come when the Party openly attacks authors like Havel and Solzhenitsyn. White supremacy, or somesuch.
Brezhnev's America, baby!
Posted by: Yudhishthira's Dice at March 13, 2023 01:39 PM (oINRc)
In my corner of suburban Portland, they've gone from building 500 houses a year to effectively zero.
Posted by: The ARC of History! at March 13, 2023 01:38 PM (2tUFv)
Only thing they are building around here is "Affordable" housing....Translation: freebies to our new population
Posted by: It's me donna at March 13, 2023 01:39 PM (bs+z0)
>>President Biden does nothing at 9 AM
By 9am, I've already been up for 4 hours.
Piece of sh*t meat sack can't even be bothered to the bare minimum of the bare minimum.
Posted by: Thomas Bender at March 13, 2023 01:21 PM (n/8Ck)
++++
That's funny, a couple year ago Dr. Jill said that Joe works 24 hours a day. But more recently she said he was able to fly in a plane AND ride a train, unlike most 30 year olds.
Posted by: washrivergal at March 13, 2023 01:40 PM (Y2W8B)
----------
As was the the Financial Services Modernization Act (GLBA), signed into law by Clinton in 1999 -- which allowed the co-mingling of banking and investment, and deregulated the banking sector while removing restrictions on commercial bank securities activities -- contributing to the financial crisis of 2008.
Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 13, 2023 01:40 PM (eOm3W)
Posted by: Meggie Mac at March 13, 2023 01:40 PM (Xrfse)
--
Nope. Well, a few, maybe. 2% of the total or so? And those will probably have some other financial issue. But the feds will pay to keep people in their homes same as in 2008.
I knew a couple that had been responsible and saved a big down payment get so excited that they would have a chance to buy a nicer home than the little starter they expected to be stuck with, and then the feds kept the overextended people in their homes. That young married couple ended up with essentially the exact same house they would've bought if nothing at all had happened.
*spit*
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:40 PM (o/smN)
Posted by: Bulgaroctonus at March 13, 2023 01:40 PM (sjxgf)
Posted by: It's me donna at March 13, 2023 01:34 PM
Uh...anything positive that happens to make it through our abject failure?
Posted by: Helpful Democrat Apologist at March 13, 2023 01:40 PM (JCZqz)
Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at March 13, 2023 01:38 PM (KFhLj)
Soundest investment you could ever buy: US Post Office Forever Stamps.
Get in early and when they raise the price 10%, you just made 10%.
Also, does anyone want to buy a shitload of stamps?
Posted by: Mitt Romeny at March 13, 2023 01:40 PM (UuD2k)
Posted by: wth at March 13, 2023 01:40 PM (v0R5T)
Barack and his fellow travelers are doing what they desire to do best in this and every other self-made crises: damage and destroy the middle class.
Posted by: Voter theater. at March 13, 2023 01:40 PM (xyzFf)
Posted by: I buy your fear at March 13, 2023 01:41 PM (sQq+E)
Posted by: Tonypete at March 13, 2023 01:38 PM (qoGsy)
Huh, so it is. I never noticed that.
Posted by: Jordan61 at March 13, 2023 01:41 PM (DRSnL)
According to David French, its a constitutional right for schools and psychologists to get kids surgically mangled, even against the will of their parents.
I'm not making this up, he literally argues that in that piece.
Yeah most of what I'm hearing is construction is way down. Office space is dead. Where are you seeing tons of building?
Salem, where 3 new condos are going up downtown, and I have seen at least 2 new apartment buildings under construction.
Posted by: Christopher R Taylor at March 13, 2023 01:41 PM (0hOvj)
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 13, 2023 01:39 PM (FVME7)
Air Karen
Posted by: Mr Aspirin Factory at March 13, 2023 01:41 PM (y/a4v)
Posted by: Weird Al at March 13, 2023 01:39 PM (RHGPo)
-----
If anybody can afford 10% to Brandon, it's ConocoPhillips.
Posted by: insurgens ad opus at March 13, 2023 01:41 PM (5Qfrx)
A Virgin Australia flight dispatched, operated, and handled entirely by women has touched down at Brisbane Airport as a symbolic gesture to mark International Women's Day.
The 737-800, VH-YWD, departed Melbourne at 8:34 am as flight VA313 and is due to land imminently. It featured an all-female flight and cabin crew and an all-female pit crew at both ends.
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 13, 2023 01:39 PM (FVME7)
https://is.gd/19bEnl
Posted by: jim (in Kalifornia) at March 13, 2023 01:41 PM (ynpvh)
Posted by: Mnnfidel at March 13, 2023 01:41 PM (GwxCX)
… I suppose this was an accidental discharge
Posted by: SMOD at March 13, 2023 01:41 PM (RHGPo)
Posted by: anchorbabe fashion cop at March 13, 2023 01:41 PM (ufFY8)
Posted by: Muldoon at March 13, 2023 01:42 PM (ykeLU)
Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at March 13, 2023 01:38 PM (KFhLj)
Do you have a beagle with a green visor?
Posted by: N. Lurker at March 13, 2023 01:42 PM (eGTCV)
So, a virgin flight crew?
Posted by: Notorious BFD at March 13, 2023 01:42 PM (Xrfse)
Posted by: Gonzotx at March 13, 2023 01:42 PM (MwHgU)
Posted by: Christopher R Taylor at March 13, 2023 01:36 PM (0hOvj)
In our system, wealth is created by taking out loans, then making them good by paying them off, or getting someone else to pay you with a loan they take out.
Lots of easy loan money requires a lot of building to justify it, and maybe you can offload it or sell it to a management company that will pay it off by the tenants. Massive building sprees indicate the end of a business cycle, by the way.
Posted by: Kindltot at March 13, 2023 01:42 PM (xhaym)
So, double-ended?
Posted by: anchorbabe fashion cop at March 13, 2023 01:42 PM (ufFY8)
Posted by: washrivergal at March 13, 2023 01:40 PM (Y2W8B)
Wow, at the same time. Impressive.
Posted by: jim (in Kalifornia) at March 13, 2023 01:42 PM (ynpvh)
Posted by: Muldoon at March 13, 2023 01:42 PM (ykeLU)
--
That sort of thing is always so bizarre.
It's only an accomplishment if you don't really think you can do it.
And you're comparing being a woman to having a disability.
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:42 PM (o/smN)
>>And they are building like crazy, its bizarre to watch. The population isn't growing that fast, why are they building so many new homes, condos, apartments, etc?
The Chinese built entire empty mega-cities as a way to continue the churn.
Since everything is practically worthless the only thing that will always have some intrinsic value is tangible assets like real estate or vinyl records.
Which are making a comeback as they now outsell CD's apparently.
I will say this, Ohio Players "Honey" Gatefold is so money in my book.
Posted by: Thomas Bender at March 13, 2023 01:42 PM (n/8Ck)
A Virgin Australia flight dispatched, operated, and handled entirely by women has touched down at Brisbane Airport as a symbolic gesture to mark International Women's Day.
The 737-800, VH-YWD, departed Melbourne at 8:34 am as flight VA313 and is due to land imminently. It featured an all-female flight and cabin crew and an all-female pit crew at both ends.
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 13, 2023 01:39 PM (FVME7)
https://is.gd/19bEnl
Posted by: jim (in Kalifornia) at March 13, 2023 01:41 PM
Imagine the gossip though. Sammiches served.
Posted by: Mnnfidel at March 13, 2023 01:43 PM (GwxCX)
As Red Turban pointed out, the banking sector in the US has been heavily damaged by "reforms" - regional banks were a vibrant segment for years, and then ..... oops.
Posted by: rhomboid at March 13, 2023 01:43 PM (OTzUX)
Rube.
Serious preppers put their money in collectors' plates because they can be sold or bartered incrementally for smaller purchases or as a set for larger purchases.
Posted by: Bitter Clinger at March 13, 2023 01:43 PM (D6oOC)
… I suppose this was an accidental discharge
Posted by: SMOD at March 13, 2023 01:41 PM (RHGPo)
What was that project that had a huge bank of tubes that projectiles fired out of... was a project a few years back I saw on the internet and cable shows. MetalStorm?
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:43 PM (zZu0s)
According to David French, its a constitutional right for schools and psychologists to get kids surgically mangled, even against the will of their parents.
He's gone full-on evil.
Posted by: N. Lurker at March 13, 2023 01:43 PM (eGTCV)
… I suppose this was an accidental discharge
Posted by: SMOD at March 13, 2023 01:41 PM (RHGPo)
Let's not jump to conclusions. If he knew the Clintons, it might have been a suicide.
Posted by: Cato, Collectivism Delenda Est, Post-Apocalyptic Scourge of the Seas at March 13, 2023 01:43 PM (MIb2C)
Damn.
Posted by: St. Valentines Day Massacre at March 13, 2023 01:43 PM (Xrfse)
Posted by: Aetius451AD Work Laptop
Just got large pistol primers so I can reload the .410 all brass and primed .410 Cheddite hulls.
With the 209 primers I can now reload the plastic 12, 20 & 410 shotgun shells and use the adapter on the .50 cal black powder Hawken percussion.
Diversity. Adaptability. Redundancy.
Posted by: rickb223 at March 13, 2023 01:43 PM (G8h7g)
Yeah, its not like they put a bunch of blind people in charge, how is this some stunning achievement? All it says is that there was enough women to staff a plane. Although having all women handling freight feels... problematic.
Posted by: Christopher R Taylor at March 13, 2023 01:44 PM (0hOvj)
I'm assuming it was late as they had to decide what outfit to wear and do their make-up
Posted by: It's me donna at March 13, 2023 01:44 PM (bs+z0)
Posted by: They were lying all along at March 13, 2023 01:44 PM (La8Fd)
Posted by: Mr Aspirin Factory at March 13, 2023 01:33 PM (y/a4v)
.......
POOF! watch me make all your money disappear.
Posted by: wth at March 13, 2023 01:44 PM (v0R5T)
It's just insane that we're bailing out banks when they directly are the cause of so much of the ruin in this country. The banksters and the feds, hand in hand selling money to "buy" homes. And enslave Americans in a lifetime of debt.
In 1965, the median US house price was $20k. $189k today. Median family income was $6,900, or $65k
Now it's $385k for a house and only $75k for the median family income.
The "price" of a home has doubled but your income is only up 15% since then.
Posted by: People's Hippo Voice at March 13, 2023 01:44 PM (XuB58)
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:44 PM (o/smN)
Try flying halfway around the world, in coach, changing planes twice.
Joe has it so tough in Air Force One, and a private train.
Posted by: The ARC of History! at March 13, 2023 01:44 PM (2tUFv)
Posted by: Paul Krugman at March 13, 2023 01:45 PM (2YtOq)
I'm not a psychologist or a detective, but that sounds personal.
Posted by: rickb223 at March 13, 2023 01:45 PM (G8h7g)
Posted by: Muldoon at March 13, 2023 01:37 PM (ykeLU)
++++
Back when they were all the craze I walked into a mall one day and saw a line of people, both men and women stretched from one end of the mall to the other. What in the world? They were waiting to buy the latest Beanie Baby. I could not believe it. It gave me pause and I wondered right then and there what is wrong with our society.
Posted by: washrivergal at March 13, 2023 01:45 PM (Y2W8B)
Posted by: Mr Aspirin Factory at March 13, 2023 01:45 PM (y/a4v)
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 01:45 PM (MvF+J)
********
Herbert H. Hoofer
Posted by: Muldoon at March 13, 2023 01:42 PM (ykeLU)
Horsey McHorseface. Or Sarah Jessica Parker.
Posted by: jim (in Kalifornia) at March 13, 2023 01:45 PM (ynpvh)
Posted by: Anonosaurus Wrecks
Tower (Gal of course) - VA 129r, Taxi to Echo 21 W.
Pilot - "What? So now I'm not capable of picking out my own lane?"
And that's when the fight really got ugly Officer.
Posted by: Tonypete at March 13, 2023 01:45 PM (qoGsy)
Posted by: Christopher R Taylor at March 13, 2023 01:45 PM (0hOvj)
https://twitter.com/JerichoReport/status/1635295463430823937
Posted by: rd at March 13, 2023 01:45 PM (Z32m1)
Mark Baum: So mortgage bonds are dog shit. CDOs are dog shit wrapped in cat shit.
We live in an era of fraud in America. Not just in banking, but in government, education, religion, food, even baseball... What bothers me isn't that fraud is not nice. Or that fraud is mean. For fifteen thousand years, fraud and short sighted thinking have never, ever worked. Not once. Eventually you get caught, things go south. When the hell did we forget all that? I thought we were better than this, I really did.
And as fun as it is seeing pompous dumb Wall Streeters be wildly wrong, and you are *wrong*, sir. I just know that at the end of the day regular people are going to pay for all of this. Because they always, always do. That's my two cents. Thank you.
Posted by: Clyde Shelton at March 13, 2023 01:46 PM (Do5/p)
Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at March 13, 2023 01:46 PM (KFhLj)
Posted by: Funsize at March 13, 2023 01:46 PM (nh0jL)
I'm assuming it was late as they had to decide what outfit to wear and do their make-up
Posted by: It's me donna at March 13, 2023 01:44 PM (bs+z0)
Three of the stewardesses clawed each other's eyes out for wearing the same outfit before they got reminded that wearing the same outfit was required.
Posted by: And forget about parking the plane at March 13, 2023 01:46 PM (La8Fd)
I'm assuming it was late as they had to decide what outfit to wear and do their make-up
Posted by: It's me donna
It's FINE!
Posted by: rickb223 at March 13, 2023 01:46 PM (G8h7g)
--
The shooter is a white guy.
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:46 PM (o/smN)
Posted by: Marcus T at March 13, 2023 01:46 PM (SAX5G)
Posted by: Archer at March 13, 2023 01:46 PM (gmo/4)
Bank Investments = $970
Bank cash on hand =$30
Depositors accounts $900
Depositors want to pull more than $30 out of their accounts.
Bank cannot pay more than $30.
Look at the math here and tell me how this costs tax payers money? The bank has more assets than liabilities, $100 more, the problem is that they did not hold enough cash in hand to pay depositors who want to pull money out. The single biggest reason this happened is because under Trump the reserve requirement for banks was reduced to exactly $0 'due to covid-19'. Biden never fixed this. The blame rests on the bank, it is up to them to know this stuff, but the reason they were able to make such a monumental decision is because of poor regulation.
Posted by: astonerii at March 13, 2023 01:46 PM (VcZlJ)
Posted by: Deplorable Ian Galt at March 13, 2023 01:39 PM
And the tiger rugs or animal blankets some dude is selling out of his 83 Dodge Tradesman.
Posted by: Mnnfidel at March 13, 2023 01:47 PM (GwxCX)
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 13, 2023 01:47 PM (FVME7)
Posted by: The Margins at March 13, 2023 01:47 PM (G8h7g)
… I suppose this was an accidental discharge
Posted by: SMOD at March 13, 2023 01:41 PM (RHGPo)
Let's not jump to conclusions. If he knew the Clintons, it might have been a suicide.
Posted by: Cato, Collectivism Delenda Est, Post-Apocalyptic Scourge of the Seas at March 13, 2023 01:43 PM (MIb2C)
But only if the gun(s) cannot be found.
Posted by: jim (in Kalifornia) at March 13, 2023 01:47 PM (ynpvh)
The "price" of a home has doubled but your income is only up 15% since then.
Posted by: People's Hippo Voice at March 13, 2023 01:44 PM (XuB5
This is why socialism is gaining traction with younger people.
They create the problem, then peddle their almighty state as a solution to the problem.
Posted by: Cato, Collectivism Delenda Est, Post-Apocalyptic Scourge of the Seas at March 13, 2023 01:47 PM (MIb2C)
You could get as much as $50 for them!
My brother over the years bought many movies on VCR back when that was the standard. Some of them are kind of rare or difficult to find, and they are worth... nothing.
Posted by: Christopher R Taylor at March 13, 2023 01:47 PM (0hOvj)
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 01:47 PM (MvF+J)
Some Beanie Babies, new with tag
From some guy
I never met in Norway
Found him on eBay ...
Posted by: Weird Al at March 13, 2023 01:47 PM (h5TKJ)
Posted by: Marcus T at March 13, 2023 01:47 PM (SAX5G)
--
The shooter is a white guy.
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:46 PM (o/smN)
I guess he wanted to make sure.
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:47 PM (zZu0s)
--
That's the plan. The digital system is already in place and running. They just have to crash the planes into the buildings to justify pulling the digital currency bill out of the drawer and signing it into law immediately.
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:48 PM (o/smN)
I'm guessing at least one of them has a penis. Otherwise it is white supremacy of some such.
Posted by: illiniwek at March 13, 2023 01:48 PM (Cus5s)
Posted by: Jim Cramer at March 13, 2023 01:48 PM (z7wN2)
Oh, the guy shot 70 times? That was in my division. Also, a 15-year old kid was killed when he was shot ten times earlier this morning.
Posted by: Wyatt Earp at March 13, 2023 01:48 PM (d2bW3)
… I suppose this was an accidental discharge
Posted by: SMOD
He was cleaning it, and it just went off.
Posted by: Thomas Paine at March 13, 2023 01:48 PM (lTGtQ)
Bold and the Beautiful.
Posted by: anchorbabe fashion cop at March 13, 2023 01:49 PM (ufFY8)
Posted by: Mr Aspirin Factory at March 13, 2023 01:33 PM (y/a4v)
.......
POOF! watch me make all your money disappear.
Posted by: wth at March 13, 2023 01:44 PM (v0R5T)
https://www.youtube.com/watch?v=-DT7bX-B1Mg
Posted by: jim (in Kalifornia) at March 13, 2023 01:49 PM (ynpvh)
***
"pit crew"?
Yeah, that's my favorite part of any airline flight when the plane lands and they come out and jack it up and change the tires and check the oil.
Posted by: Azathoth at March 13, 2023 01:49 PM (wb1YC)
Were they all virgins?
Posted by: N. Lurker at March 13, 2023 01:49 PM (eGTCV)
Posted by: Minnfidel at March 13, 2023 01:49 PM (GwxCX)
My brother over the years bought many movies on VCR back when that was the standard. Some of them are kind of rare or difficult to find, and they are worth... nothing.
Posted by: Christopher R Taylor at
--
It might be worth looking at them again. I saw something on Red Letter Media or something linked from them about how there are VHS tape collectors paying big money for stuff right now. Strike while the iron is hot (learn the Beanie Baby lesson).
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:49 PM (o/smN)
Probably, I mean at the end of the day the target was hit not bystanders, infants, and furniture so "probably."
Posted by: sven at March 13, 2023 01:49 PM (Lzpvj)
Posted by: Christopher R Taylor at March 13, 2023 01:47 PM (0hOvj)
I had the Little Mermaid one with the giant penis on the cover. Figured it would be worth something one day. Got ruined in Katrina.
Posted by: sniffybigtoe at March 13, 2023 01:49 PM (UuD2k)
Posted by: Christopher R Taylor at March 13, 2023 01:47 PM (0hOvj)
Star Wars guys
Bobble Heads
Franklin mint plates
I'm rich I tells ya!
Posted by: Archer at March 13, 2023 01:49 PM (gmo/4)
Posted by: Cat Ass Trophy at March 13, 2023 01:49 PM (c6mm0)
… I suppose this was an accidental discharge
Posted by: SMOD at March 13, 2023 01:41 PM (RHGPo)
Mass shooting of 1 dude
Posted by: A dude in MI at March 13, 2023 01:49 PM (/6GbT)
Posted by: Minnfidel at March 13, 2023 01:50 PM (GwxCX)
Posted by: washrivergal at March 13, 2023 01:45 PM (Y2W8B)
I mean really? You need to invest in something that has lasting values, like Dutch Tulip Bulbs.
Posted by: rd at March 13, 2023 01:50 PM (Z32m1)
Sorry to hear it, glad you are well.
It never fails to amaze me how the donk meccas are shooting galleries...
you'd think they'd reflect on that.
Posted by: sven at March 13, 2023 01:50 PM (Lzpvj)
Posted by: Mr Aspirin Factory at March 13, 2023 01:50 PM (y/a4v)
Posted by: Wyatt Earp
Tell me it was listed officially as a suicide.
Lie if you must.
Posted by: The Margins at March 13, 2023 01:50 PM (G8h7g)
They create the problem, then peddle their almighty state as a solution to the problem.
Posted by: Cato, Collectivism Delenda Est, Post-Apocalyptic Scourge of the Seas at March 13, 2023 01:47 PM
If we can't solve it, nobody can!
Posted by: Gavin Newsom and the CA State Government at March 13, 2023 01:50 PM (a3Q+t)
Since everything is practically worthless the only thing that will always have some intrinsic value is tangible assets like real estate or vinyl records.
Which are making a comeback as they now outsell CD's apparently.
Posted by: Thomas Bender at March 13, 2023 01:42 PM
I took a hundred or so of my wife's deceased mothers vinyl records to a shop that buys and resells them. Got maybe $30 total. The ones he wanted he examined with a loop in his eye.
So, results may vary.
Posted by: Divide by Zero at March 13, 2023 01:50 PM (enJYY)
Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at March 13, 2023 01:46 PM (KFhLj)
This is why we need to drop the conservative label. It, as a movement, has beclowned itself.
We can salvage the best things from classical conservatism, and maybe blend some other beneficial things into it (IE, working class issues), but it absolutely needs to happen under a new banner.
Even if it's still part of the Republican Party, we need a rebranding. It will help separate the sheep from the goats as well, since the biggest grifters will try to resist the change rather than embrace it.
Posted by: Cato, Collectivism Delenda Est, Post-Apocalyptic Scourge of the Seas at March 13, 2023 01:51 PM (MIb2C)
Posted by: The Margins at March 13, 2023 01:51 PM (G8h7g)
Great minds and all.
Posted by: Minnfidel at March 13, 2023 01:50 PM (GwxCX)
Posted by: N. Lurker at March 13, 2023 01:51 PM (eGTCV)
Bank Investments = $970
Bank cash on hand =$30
Depositors accounts $900
Depositors want to pull more than $30 out of their accounts.
Bank cannot pay more than $30.
Look at the math here and tell me how this costs tax payers money? The bank has more assets than liabilities, $100 more, the problem is that they did not hold enough cash in hand to pay depositors who want to pull money out. The single biggest reason this happened is because under Trump the reserve requirement for banks was reduced to exactly $0 'due to covid-19'. Biden never fixed this. The blame rests on the bank, it is up to them to know this stuff, but the reason they were able to make such a monumental decision is because of poor regulation.
Posted by: astonerii at March 13, 2023 01:46 PM (VcZlJ)
Fractional Reserve banking.
Posted by: jim (in Kalifornia) at March 13, 2023 01:51 PM (ynpvh)
Yeah, that's my favorite part of any airline flight when the plane lands and they come out and jack it up and change the tires and check the oil.
Posted by: Azathoth at March 13, 2023 01:49 PM
Journalisming is hard.
Posted by: Minnfidel at March 13, 2023 01:51 PM (GwxCX)
FDIC History of the Eighties - Chapter 1 - The Banking Crises of the 1980s and Early 1990: Summary and Implications
Reuters, U.S. Markets, August 1, 2012 (11 Years Ago) San Bernardino, California, files for bankruptcy with over $1 billion in debts, by Tim Reid
Vox, Apr 29, 2020, Why the US shouldn’t let states go bankrupt. No, states shouldn’t go bankrupt. Yes, they have to deal with their budgets — and need federal help to do so, by Emily Stewart In part, "Senate Majority Leader Mitch McConnell’s suggestion that maybe states and cities should just go bankrupt amid the coronavirus-induced economic crisis they’re facing has not been particularly well-received. A big part of the issue: As the law stands right now, states can’t declare bankruptcy."
Maybe Trump was just a blip in the downward spiral of everyman & woman.
Posted by: Lola at March 13, 2023 01:51 PM (GshMh)
-
I guess he wanted to make sure.
---
Some moron posted a website where an observation was made that shootings where the intended target is actually struck and killed is almost always a white shooter. There's a name for the phenomenon but I don't remember it.
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:52 PM (o/smN)
Nobody needs to be shot 70 times! Why are the Republicans doing this to the country!
Posted by: Karen CheChe at March 13, 2023 01:52 PM (enJYY)
Posted by: Skip at March 13, 2023 01:52 PM (C+qwo)
Posted by: N. Lurker at March 13, 2023 01:43 PM (eGTCV)
He was always there. Evil people tend to lie.
Posted by: ... at March 13, 2023 01:52 PM (lmHwU)
Posted by: torabora at March 13, 2023 01:52 PM (5eyqn)
… I suppose this was an accidental discharge
Posted by: SMOD
70 rounds? Would have been cheaper to hire a hitman.
Posted by: The Margins at March 13, 2023 01:52 PM (G8h7g)
Posted by: Wyatt Earp
-
Tell me it was listed officially as a suicide.
--
COVID death.
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:53 PM (o/smN)
(I wrote the above to WG's management.)
Posted by: Wolfus Aurelius, Dreaming of Elsewhere
_________
Have you thought about rewriting the letter and claiming that you are a transgender POC who felt unsafe?
You would get a much quicker and more apologetic response, and maybe even a bushel basket of cash to go along with the apology.
Posted by: Kam Fong as Chin Ho at March 13, 2023 01:53 PM (gf7Ez)
Posted by: Cato,
Fuck that. It's not their party. It's ours. They must be made to change their name.
Posted by: weft cut-loop at March 13, 2023 01:53 PM (jzzG8)
Yeah... I'm in the same place. What money I have in the bank I am eyeing, should I cash out? But what will cash be worth if the banks die? Gold is getting more and more expensive, but it won't last. How can I trade a bar of gold anyway, and how do I defend it?
I watched the first episode of Connections a few days ago, and Burke goes into painful detail about how we're trapped by technology, that the smallest failure can cause massive problems (he uses the 1965 blackout to illustrate this, literally caused by one failure of one relay).
He asks the question I've asked over and over: let's say it all falls apart suddenly, how will you survive? How will you get food? How will you get water? How will you farm without gasoline? How will you heat your house? And if you have all this, how will you defend it? For most people, for the biggest majority, the answer is "I won't. I will die".
Deep down, I think everyone knows this, and worse, senses that its coming closer every day. That's where the stupid zombie apocalypse thing comes from, that fear.
Posted by: Christopher R Taylor at March 13, 2023 01:53 PM (0hOvj)
Posted by: Minnfidel at March 13, 2023 01:53 PM (GwxCX)
Posted by: washrivergal at March 13, 2023 01:45 PM (Y2W8B)
The flip side of the entrepreneurial spirit coin is the get rich quick scheme. Americans hustle in more ways than one.
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 01:53 PM (eYoxG)
Posted by: sniffybigtoe at March 13, 2023 01:49 PM (UuD2k)
I have that one, it's in the storage unit somewhere.
Posted by: Jordan61 at March 13, 2023 01:53 PM (DRSnL)
Posted by: Wyatt Earp at March 13, 2023 01:48 PM (d2bW3)
====================
Let me guess? The guns were Glocks with "switches."
Posted by: rd at March 13, 2023 01:53 PM (Z32m1)
Posted by: Mr Aspirin Factory at March 13, 2023 01:53 PM (y/a4v)
Do your hospitals go on lockdown every time a gangsta GSW case shows up at ER, or is that only here in Shithole, IL? No place safe from the evil fuckers.
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 01:54 PM (MvF+J)
Posted by: N. Lurker at March 13, 2023 01:54 PM (eGTCV)
Posted by: Christopher R Taylor at March 13, 2023 01:47 PM (0hOvj)
Star Wars guys
Bobble Heads
Franklin mint plates
I'm rich I tells ya!
Posted by: Archer at March 13, 2023 01:49 PM (gmo/4)
Elder child keeps pilfering Lego sets that he didn't get as a kid. Apparently they're worth something now. Who'd a thunk?
Posted by: jim (in Kalifornia) at March 13, 2023 01:54 PM (ynpvh)
This is why we need to drop the conservative label. It, as a movement, has beclowned itself.
--------
Indeed. If the core ideas are ever going to be propagated again, it has to be by a new movement, with new people. Out with the old. All of them.
ConInc has become synonymous with "pompous frauds." You can never form a successful movement around that nucleus. It's name is shit for all time.
Posted by: Yudhishthira's Dice at March 13, 2023 01:54 PM (oINRc)
Posted by: N. Lurker at March 13, 2023 01:49 PM
Given all the Aussie men are sheep shaggers, it's not impossible.
Posted by: Kiwis at March 13, 2023 01:54 PM (a3Q+t)
So, results may vary.
Posted by: Divide by Zero at March 13, 2023 01:50 PM (enJYY)
Saw a link over the weekend (at Insty?) that vinyl outsold CDs last year for the first time since 1989. My youngest kid is into records.
Posted by: Zombie Robbo the Llama Butcher at March 13, 2023 01:54 PM (BTgKJ)
There's a name for the phenomenon but I don't remember it.
Posted by: The Pentagon
Accuracy?
Posted by: rickb223 at March 13, 2023 01:54 PM (G8h7g)
… I suppose this was an accidental discharge
Posted by: SMOD at March 13, 2023 01:41 PM (RHGPo)
Mass shooting of 1 dude
Posted by: A dude in MI at March 13, 2023 01:49 PM (/6GbT)
How many hit him? Might've been the police...
Posted by: jim (in Kalifornia) at March 13, 2023 01:54 PM (ynpvh)
Posted by: Christopher R Taylor at March 13, 2023 01:47 PM (0hOvj)
Star Wars guys
Bobble Heads
Franklin mint plates
I'm rich I tells ya!
Posted by: Archer at March 13, 2023 01:49 PM (gmo/4)
I'm beginning to think I made a mistake two years ago, spending all my savings to buy rare Confederate paper money.
Posted by: Gref at March 13, 2023 01:55 PM (AMIL/)
Posted by: bear with asymmetrical balls - an election is simply a festival for the majority at March 13, 2023 01:55 PM (KFhLj)
I started to feel sorry for the Philly guy who got shot 70 times then I thought he probably voted for Biden 70 times, too.
So sorry, sorry gone.
Posted by: Divide by Zero at March 13, 2023 01:55 PM (enJYY)
Posted by: rd at March 13, 2023 01:50 PM (Z32m1)
The right tulip bulb during the craze was worth a fortune, and there was no way to determine which was the right bulb short of growing it and seeing the bloom.
It was an irrational speculative market that was valid as long as everyone was all-in on it.
As was the Mississippi bubble that was fueled by the changes to the French currency to move it from gold to being backed by land via uncontrolled printing of fiat.
Posted by: Kindltot at March 13, 2023 01:55 PM (xhaym)
It is nice to see most are not falling for the "global contagion/ collapse" lies this time.
For now.
Can the left panic the herd? Will Black Bart rustle Pa's cows?
Stay tuned!
Posted by: People's Hippo Voice at March 13, 2023 01:55 PM (XuB58)
So, results may vary.
Posted by: Divide by Zero
In preparation for our move, I boxed up my 60's-80's LPs and had a guy go through them. There were almost 200 of them. He paid me a boatload of $$$. Beatles, Elvis, The Who and SRV were bringing top dollar. Sometimes, the album covers were worth more than the LP.
Posted by: Tonypete at March 13, 2023 01:55 PM (qoGsy)
---------------------
It's a Hybrid
It Burns Gas and Oil
---------------------
Posted by: ... at March 13, 2023 01:55 PM (lmHwU)
… I suppose this was an accidental discharge
Posted by: SMOD
70 rounds? Would have been cheaper to hire a hitman.
Posted by: The Margins at March 13, 2023 01:52 PM (G8h7g)
He must have bought one of those drum magazines and wanted to use it for once, by gum!
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:56 PM (zZu0s)
This is why we need to drop the conservative label. It, as a movement, has beclowned itself.
--------
Indeed. If the core ideas are ever going to be propagated again, it has to be by a new movement, with new people. Out with the old. All of them.
ConInc has become synonymous with "pompous frauds." You can never form a successful movement around that nucleus. It's name is shit for all time.
Posted by: Yudhishthira's Dice at March 13, 2023 01:54 PM (oINRc)
It needs a set of ideas for people to gather around first. And a proposal on how to accomplish its goals.
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 01:56 PM (eYoxG)
How many hit him? Might've been the police...
Posted by: jim (in Kalifornia) at March 13, 2023 01:54 PM (ynpvh)
If he was actually hit 70 times, not the cops.
Posted by: Three bystanders and a parakeet were lost at March 13, 2023 01:56 PM (La8Fd)
Posted by: weft cut-loop at March 13, 2023 01:53 PM (jzzG
Then you need to take it over and come up with rules for excommunicating them.
I'd say a movement rebrand is easier. We've had evangelicals, fiscal conservatives, etc. for a while. What's one more label?
A faction needs an identity, and we need to separate our identity from the charlatans that have destroyed our brand.
Posted by: Cato, Collectivism Delenda Est, Post-Apocalyptic Scourge of the Seas at March 13, 2023 01:56 PM (MIb2C)
Back when I was an eBay seller, we averaged about $7/pound on random Lego piles. Of course, price varies by model.
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 01:56 PM (MvF+J)
Y2k. Gold was for large purchases/bribery.
Silver was for every day purchases.
Bread, food, etc = Silver
Posted by: rickb223 at March 13, 2023 01:56 PM (G8h7g)
The bad news is you get to listen to Juice Newton or Air Supply.
Posted by: Muldoon at March 13, 2023 01:57 PM (ykeLU)
Posted by: Muldoon at March 13, 2023 01:57 PM (ykeLU)
I don't know where, on Ebay the only thing that is priced worth selling are super rare unopened special edition packages.
Posted by: Christopher R Taylor at March 13, 2023 01:57 PM (0hOvj)
Posted by: ... at March 13, 2023 01:57 PM (lmHwU)
Posted by: Muldoon at March 13, 2023 01:57 PM (ykeLU)
I could not believe it. It gave me pause and I wondered right then and there what is wrong with our society.
Posted by: washrivergal
Are you ready to ROCK!
Posted by: Pet rock at March 13, 2023 01:57 PM (63Dwl)
I'd say a movement rebrand is easier. We've had evangelicals, fiscal conservatives, etc. for a while. What's one more label?
A faction needs an identity, and we need to separate our identity from the charlatans that have destroyed our brand.
Posted by: Cato, Collectivism Delenda Est, Post-Apocalyptic Scourge of the Seas at March 13, 2023 01:56 PM (MIb2C)
Can't excommunicate people without a structure and leadership.
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 01:57 PM (eYoxG)
Steve Sailer's got that covered.
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 01:58 PM (MvF+J)
Posted by: Tom freidman's bazillion dollar coin at March 13, 2023 01:58 PM (0iRzB)
--
hahahaha
No, the phenomenon of being able to predict that the shooter is white based ON the accuracy.
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:58 PM (o/smN)
Posted by: Jordan61 at March 13, 2023 01:58 PM (DRSnL)
Posted by: Yudhishthira's Dice at March 13, 2023 01:54 PM (oINRc)
Maybe not for all time, but it's going to be at least 20 years. Think about how the Democrats cycle between Liberal and Progressive as one gets discredited and the stink wears off the old one.
Posted by: Cato, Collectivism Delenda Est, Post-Apocalyptic Scourge of the Seas at March 13, 2023 01:58 PM (MIb2C)
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:58 PM (zZu0s)
Posted by: Mr Aspirin Factory at March 13, 2023 01:58 PM (y/a4v)
Posted by: Biden's Dog sniffs a whole lotta malarkey, at March 13, 2023 01:59 PM (Rl3IJ)
Posted by: Mr Aspirin Factory at March 13, 2023 01:58 PM (y/a4v)
And those fuckers in Mungo Jerry.
Posted by: Aetius451AD Work Laptop at March 13, 2023 01:59 PM (zZu0s)
____
Constitutionalist?
We can save on labels NeoCon(stitutionalist) etc.
Posted by: Chuck Martel at March 13, 2023 01:59 PM (fs1hN)
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:58 PM (o/smN)
Racism?
Posted by: ... at March 13, 2023 02:00 PM (lmHwU)
Posted by: Mr Aspirin Factory
Am I the only one that becomes homicidal upon hearing them?
Posted by: Tonypete at March 13, 2023 02:00 PM (qoGsy)
Posted by: jim (in Kalifornia) at March 13, 2023 02:00 PM (ynpvh)
https://tinyurl.com/48usty2r
(Nitter)
Posted by: Biden's Dog sniffs a whole lotta malarkey, at March 13, 2023 01:59 PM (Rl3IJ)
Is she supposed to be Cap'n Kangaroo?
Posted by: Aetius451AD Work Laptop at March 13, 2023 02:00 PM (zZu0s)
So much for a free enterprise system.
Sounds like a partnership between the Government and Industry, and Banks.... which was a hall mark of WHAT Political system? Can you say Fascism? Nice try... I knew you could...
Posted by: Romeo13 at March 13, 2023 02:00 PM (oHd/0)
Posted by: Maj. Healey at March 13, 2023 02:00 PM (DMyTF)
Posted by: Marcus T at March 13, 2023 02:00 PM (SAX5G)
Now it's $385k for a house and only $75k for the median family income.
The "price" of a home has doubled but your income is only up 15% since then.
Posted by: People's Hippo"
That's probably true but size has doubled as well. Which is odd since people have half as many kids. There are numerous y 3000-4000 sf houses on my area with 3 people in them
Posted by: Ripley at March 13, 2023 02:00 PM (cUYo/)
The Constitution needs to be reread.
Posted by: rickb223 at March 13, 2023 02:00 PM (G8h7g)
Well, based on the news, only white people do mass shootings, because they refuse to cover the ones black people do.
Posted by: Christopher R Taylor at March 13, 2023 02:00 PM (0hOvj)
We can save on labels NeoCon(stitutionalist) etc.
Posted by: Chuck Martel at March 13, 2023 01:59 PM (fs1hN)
'Traditionalist' was GK Chesterton's formulation.
Posted by: Aetius451AD Work Laptop at March 13, 2023 02:01 PM (zZu0s)
Posted by: Mr Aspirin Factory
Am I the only one that becomes homicidal upon hearing them?
Posted by: Tonypete at March 13, 2023 02:00 PM (qoGsy)
Chumbawamba?
Posted by: jim (in Kalifornia) at March 13, 2023 02:01 PM (ynpvh)
You know, like the Constitution is.
Posted by: sniffybigtoe at March 13, 2023 02:01 PM (UuD2k)
Talk about bad bands I actually watched 'Starland Vocal Band" (afternoon delight) in concert.
That's the bad news.
They opened for John Denver.
Posted by: Divide by Zero at March 13, 2023 02:02 PM (enJYY)
ConInc has become synonymous with "pompous frauds." You can never form a successful movement around that nucleus. It's name is shit for all time.
Posted by: Yudhishthira's Dice at March 13, 2023 01:54 PM (oINRc)
The alternative are the PaleoCons, but everyone hates them because ConInc tells them how horrible and unfeeling they are.
Posted by: Kindltot at March 13, 2023 02:02 PM (xhaym)
__
Price is up due to sending strategic Lego reserves to Ukraine. They are used as caltrops against the shoeless Russian invaders.
Posted by: Chuck Martel at March 13, 2023 02:02 PM (fs1hN)
The Constitution needs to be reread.
Posted by: rickb223 at March 13, 2023 02:00 PM (G8h7g)
Needs to be followed. Those who don't need to be... :::types, deletes, types deletes:::
Posted by: jim (in Kalifornia) at March 13, 2023 02:02 PM (ynpvh)
Posted by: Marcus T
That light and sound bar he used for a time really added a touch of gravitas to his segment.
Posted by: Tonypete at March 13, 2023 02:02 PM (qoGsy)
Posted by: Christopher R Taylor at March 13, 2023 02:02 PM (0hOvj)
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 02:03 PM (MvF+J)
Oscars?
Demi Rose's new OnlyFans video?
What shall be the topic of the next post?
Note: NO NOOD as I hit 'post.'
Posted by: Aetius451AD Work Laptop at March 13, 2023 02:03 PM (zZu0s)
Posted by: Christopher R Taylor at March 13, 2023 02:03 PM (0hOvj)
That's probably true but size has doubled as well. Which is odd since people have half as many kids. There are numerous y 3000-4000 sf houses on my area with 3 people in them
Posted by: Ripley at March 13, 2023 02:00 PM (cUYo/)
Increases in real income don't all go to the same stuff on a proportional basis. Housing, Healthcare, and Education have absorbed more than their fair share.
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 02:03 PM (eYoxG)
---------
Safe AND effective.
Posted by: ... at March 13, 2023 02:04 PM (lmHwU)
Posted by: N. Lurker at March 13, 2023 01:54 PM (eGTCV)
Never forget that Joe still proclaims that government spending cannot cause inflation, because every dollar spent or handed-out by government generates $11 of private commerce that will be taxed. (I cannot recall the specific BS word he uses, so I used commerce)
Posted by: Gref at March 13, 2023 02:04 PM (AMIL/)
Posted by: Joe "Choo Choo" Biden at March 13, 2023 02:04 PM (Vu7A1)
Posted by: Cato, Collectivism Delenda Est, Post-Apocalyptic Scourge of the Seas at March 13, 2023 01:58 PM (MIb2C)
"why did the loons get in power with the Libs?"
generally what happened is the loons were allowed in if they kept silent, and then all the sensible people retired or died, or got discredited.
Then the Loons were the last ones standing available
Posted by: Kindltot at March 13, 2023 02:04 PM (xhaym)
Posted by: Aetius451AD Work Laptop at March 13, 2023 02:00 PM (zZu0s)
-
Uh huh.
Posted by: Biden's Dog sniffs a whole lotta malarkey, at March 13, 2023 02:04 PM (Rl3IJ)
Posted by: Tonypete at March 13, 2023 02:00 PM
Hang on, help is on it's way.
Posted by: Minnfidel at March 13, 2023 02:04 PM (GwxCX)
Posted by: Marcus T at March 13, 2023 02:00 PM (SAX5G)
___________
Fake news. Any "shitty, second rate amateur stock picker" can do much better than him. I actually think he's paid to pimp his "recommended" stocks at this point. In any event, relying on him for stock advice is like relying on a crack whore for relationship advice.
Posted by: Elric Blade at March 13, 2023 02:04 PM (iFTx/)
That's the bad news. They opened for John Denver.
Posted by: Divide by Zero
LOL!
Posted by: Lola at March 13, 2023 02:05 PM (GshMh)
Speaking of which, would there be time at a MoMe for me to give a presentation on an exciting investment opportunity to run your own business and make big profits ?
Posted by: Bitter Clinger at March 13, 2023 02:05 PM (D6oOC)
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 01:58 PM
So white men can't jump, but they can shoot?
Posted by: RedMindBlueState at March 13, 2023 02:05 PM (Wnv9h)
Posted by: Muldoon at March 13, 2023 01:57 PM
Wouldn't doing that energetically potentially deplete their air supply?
Posted by: Wesley Crusher at March 13, 2023 02:05 PM (a3Q+t)
Posted by: Gref at March 13, 2023 02:04 PM (AMIL/)
Cantillon effect exists.
Posted by: Kindltot at March 13, 2023 02:05 PM (xhaym)
Posted by: Christopher R Taylor
"Hey Annie! I'm gonna write a song about you and then dump you!"
Posted by: Tonypete at March 13, 2023 02:05 PM (qoGsy)
Posted by: RedMindBlueState at March 13, 2023 02:05 PM (Wnv9h)
I know which I would choose in a pinch.
Posted by: Aetius451AD Work Laptop at March 13, 2023 02:05 PM (zZu0s)
Posted by: Ron DeSantis at March 13, 2023 02:05 PM (DMyTF)
Never forget that Joe still proclaims that government spending cannot cause inflation, because every dollar spent or handed-out by government generates $11 of private commerce that will be taxed. (I cannot recall the specific BS word he uses, so I used commerce)
Posted by: Gref at March 13, 2023 02:04 PM (AMIL/)
Keynes's money multiplier.
It's a retarded theory that mistakes the circulation of currency for the creation of wealth.
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 02:05 PM (eYoxG)
NASDAQ up 1.23% on news of "Everything Everywhere All at Once" sweep.
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 02:06 PM (MvF+J)
Posted by: Marcus T at March 13, 2023 02:00 PM (SAX5G)
Inverse Cramer is a real, and supposedly profitable stock trading technique.
But Cramer has a show on the NBC Network somehow.
Posted by: rd at March 13, 2023 02:06 PM (Z32m1)
John Denver was a huge talent but a monster douchebag. And over played to the point people still hate his music to this day.
Posted by: Christopher R Taylor at March 13, 2023 02:03 PM
I'm sure some people still *plunk* down money for his records.
Posted by: Divide by Zero at March 13, 2023 02:06 PM (enJYY)
Posted by: Aetius451AD Work Laptop at March 13, 2023 02:06 PM (zZu0s)
Posted by: Heavy Meta at March 13, 2023 02:06 PM (gryET)
Posted by: Muldoon at March 13, 2023 01:57 PM (ykeLU)
LOL... just went and looked, they are playing in MODESTO CA this year... at what is basically an outdoor bar.
Posted by: Romeo13 at March 13, 2023 02:06 PM (oHd/0)
Posted by: Christopher R Taylor at March 13, 2023 01:36 PM (0hOvj)
is it the same as the ChiCom empty cities? have to keep people from being lazy lay-abouts so we pretend to help the economy by building things no one wants or will use...
Posted by: SturmToddler at March 13, 2023 02:06 PM (Mkvkw)
---------
Safe AND effective.
Posted by: ... at March 13, 2023 02:04 PM
And ribbed for our pleasure!
Posted by: Banksters at March 13, 2023 02:06 PM (a3Q+t)
--
Racism?
--
I mean, I *guess* we could assume certain things based on racial stereotypes, but I don't think that was intended as the gist of it. I think it was more a statistical observation.
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 02:07 PM (o/smN)
Posted by: We're Serving Up gp, Hot And Fresh
Our hospitals in my division Albert Einstein Medical Center and Temple Hospital are top notch. It's good and bad. They save a lot of people, but many of those are the thugs.
Posted by: Wyatt Earp at March 13, 2023 02:07 PM (d2bW3)
Posted by: Adrienne at March 13, 2023 02:07 PM (gegMK)
Posted by: Mr Aspirin Factory at March 13, 2023 01:53 PM (y/a4v)
ISWYDT. Golfclap!
Posted by: Doof at March 13, 2023 02:07 PM (6uyrZ)
Posted by: Divide by Zero
Until demand crashes.
Posted by: Mr Aspirin Factory at March 13, 2023 02:07 PM (y/a4v)
Posted by: Marcus T at March 13, 2023 02:08 PM (SAX5G)
At the far end of the rifle range?
Posted by: Oddbob at March 13, 2023 02:08 PM (nfrXX)
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 02:08 PM (o/smN)
It is in the interest of all banks to make sure one failed bank doesn't cause the Fiat monetary system doesn't fail.
Posted by: AZ deplorable moron at March 13, 2023 02:08 PM (F/tPr)
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 02:07 PM (o/smN)
I really hope he wasn't referring only to your comment, because that would be really out of line.
Posted by: Kindltot at March 13, 2023 02:08 PM (xhaym)
Maybe they will finally dump him after this fiasco.
Posted by: CharlieBrown'sDildo at March 13, 2023 02:08 PM (NgmbA)
Posted by: sniffybigtoe at March 13, 2023 02:08 PM (UuD2k)
NASDAQ up 1.23% on news of "Everything Everywhere All at Once" sweep.
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 02:06 PM (MvF+J)
The Oscars were on? Huh, I had no idea.
Posted by: Jordan61 at March 13, 2023 02:08 PM (DRSnL)
Posted by: Zombie Amelia Earhart at March 13, 2023 02:09 PM (Xrfse)
Posted by: Marcus T at March 13, 2023 02:08 PM (SAX5G)
He's entertainment. Blah blah consult your doctor blah.
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 02:09 PM (eYoxG)
Posted by: Gref at March 13, 2023 02:04 PM (AMIL/)
Keynes's money multiplier.
It's a retarded theory that mistakes the circulation of currency for the creation of wealth.
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 02:05 PM (eYoxG)
IF that were accurate, as the Fed Gov spent $7 Trillion, would not the GDP be like $77 Trillion? instead of the $23 Trillion they tell us it is?
Posted by: Romeo13 at March 13, 2023 02:09 PM (oHd/0)
Posted by: Divide by Zero
That's why I prefer SiriusXM Willie's Roadhouse.
When they decide to play it, I listen to it. I haven't paid for music in 40 years.
Posted by: rickb223 at March 13, 2023 02:09 PM (G8h7g)
***
Translated into Normal, that reads: "Everybody put your worry pants on".
Posted by: Azathoth at March 13, 2023 02:09 PM (wb1YC)
I really hope he wasn't referring only to your comment, because that would be really out of line.
Posted by: Kindltot at March 13, 2023 02:08 PM (xhaym)
It was a joke. No matter what I was replying to I figured I had a 50/50 shot of being right.
Posted by: ... at March 13, 2023 02:10 PM (SByeH)
As long as he gets lotsa viewz and clickz, he's golden. That's all the media cares about.
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 02:10 PM (MvF+J)
Mick Jagger has entered the chat. Thirty years too late.
Posted by: Oddbob at March 13, 2023 02:10 PM (nfrXX)
Posted by: Marcus T at March 13, 2023 02:08 PM (SAX5G)
He's entertainment. Blah blah consult your doctor blah.
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 02:09 PM
He did stay at a Holiday Inn Express last night though. He roomed with Krugman.
Posted by: Minnfidel at March 13, 2023 02:10 PM (GwxCX)
The Constitution needs to be reread.
Posted by: rickb223 at March 13, 2023 02:00 PM (G8h7g)
Exactly. It needs to be understood, instead of papered over with sophistry by assholes who want to obtain absolute power.
Nowhere else in law is an amendment constrained by core text, yet somehow, the 10th Amendment is subordinate to the general welfare clause.
That's not how this works.
Posted by: Cato, Collectivism Delenda Est, Post-Apocalyptic Scourge of the Seas at March 13, 2023 02:10 PM (MIb2C)
Bails out all those college kids with their onerous loans lent by those mean banks.
Bails out those wonderfully brave Ukrainians so their precious democracy can be saved.
Bails out the banks and their clients so we can keep getting all those fun social media goodies like Tic Toc and Instagram.
Bails out everybody that voted for him, all 389 million of them. Top notch guy, that Joe.
Hope he lives forever.
Posted by: Mr Gaga at March 13, 2023 02:10 PM (KiBMU)
Posted by: Mr Aspirin Factory
Am I the only one that becomes homicidal upon hearing them?
Posted by: Tonypete at March 13, 2023 02:00 PM (qoGsy)
*makes note not to share yacht rock playlist with these guys*
Posted by: Doof at March 13, 2023 02:10 PM (6uyrZ)
Posted by: The Pentagon can't account for $2.3 trillion - D. Rumsfeld, Sept 10, 2001 at March 13, 2023 02:07 PM (o/smN)
Clearly, Statistics ARE RAAAAACIST!!!!
Posted by: Romeo13 at March 13, 2023 02:11 PM (oHd/0)
https://tinyurl.com/4wf8sr2f
Posted by: Methos at March 13, 2023 02:11 PM (kOpft)
Posted by: Christopher R Taylor at March 13, 2023 01:36 PM (0hOvj)
is it the same as the ChiCom empty cities? have to keep people from being lazy lay-abouts so we pretend to help the economy by building things no one wants or will use...
Posted by: SturmToddler at March 13, 2023 02:06 PM (Mkvkw)
_______________
I was in that industry and to a lesser extent still am. The problem with modern real estate development is that it takes so long for a project to get financed, approved, planned, and ready for construction to begin that what you are seeing now was probably initiated 5 years ago, when the economy was much better. The developers now have little choice but to proceed -- although you will notice that a significant percentage of projects will not be completed or just sit there for years until things improve.
Posted by: Elric Blade at March 13, 2023 02:11 PM (iFTx/)
when the fed does something like this it imposes a fee on
all the other FDIC banks to pay for it.
Posted by: Intrepid Democratic Underground AoS Liaison at March 13, 2023 01:26 PM (JCZqz)
I....I just can't..
Posted by: BignJames at March 13, 2023 02:12 PM (AwYPR)
Posted by: Willie Nelson & Keith Richards at March 13, 2023 02:12 PM (a3Q+t)
Posted by: Romeo13 at March 13, 2023 02:09 PM (oHd/0)
Yeah, unless the "multiplier" went down for some reason. It's not empirically based on anything, it just observed that when you spend money you get stuff and then that money continues to be used, and then concluded that spending money is how stuff gets made.
Making stuff is how stuff gets made, it's not the paper that does the work. We just use the paper to reduce the hassle of bartering.
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 02:12 PM (eYoxG)
++++
On the plus side, there are far fewer ARMs than there were in 2008.
On the minus side, those fixed-rate MBS will sell at a discount if they have to be liquidated to get working capital, just as treasuries will sell at a discount, etc. Rising interest rates are a bitch and a half and since most of this stuff is marked to maturity instead of marked to market, the losses can become staggering if you have to sell early.
Posted by: Joe Mannix (Not a cop!) at March 13, 2023 02:12 PM (t0OGg)
Posted by: Christopher R Taylor at March 13, 2023 02:03 PM (0hOvj)
Michael Berry built a country nightclub in Houston that was open from 2013 to 2020 (COVID casualty). He booked a lot of top talent. As the owner, he spent a lot of time backstage with the talent. He said that experience opened his eyes. On time on-air he said some performers/bands that publicly portrayed a fan-friendly, wholesome image, were completely repulsive assh0les off-stage.
Posted by: Gref at March 13, 2023 02:12 PM (AMIL/)
Posted by: Christopher R Taylor at March 13, 2023 01:36 PM (0hOvj)
is it the same as the ChiCom empty cities? have to keep people from being lazy lay-abouts so we pretend to help the economy by building things no one wants or will use...
Posted by: SturmToddler
====================
Maybe they are building homes in the suburbs so Democrats can get far away from the urban core of blue cities that their policies have made into unsafe shitholes?
White Flight 2023!!! Even though a lot are middle class blacks and minorities.
Posted by: rd at March 13, 2023 02:13 PM (Z32m1)
And they are building like crazy, its bizarre to watch. The population isn't growing that fast, why are they building so many new homes, condos, apartments, etc?
Posted by: Christopher R Taylor at March 13, 2023 01:36 PM (0hOvj)
———
Second (or third) homes for government retirees on gold plated retirement.
Posted by: MAGA_Ken at March 13, 2023 02:13 PM (b/RVE)
Maybe they will finally dump him after this fiasco.
Posted by: CharlieBrown'sDildo at March 13, 2023 02:08 PM (NgmbA)
-------
He'd be the perfect next Biden Junta ClownWorld dual Treasury Secretary AND Fed Chairclown.
Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 13, 2023 02:13 PM (/IOBP)
Posted by: Thesokorus at March 13, 2023 02:13 PM (1ais2)
Posted by: Doof at March 13, 2023 02:10 PM
Permission to come aboard?
Posted by: Meagan Suffix at March 13, 2023 02:14 PM (a3Q+t)
Posted by: Bitter Clinger at March 13, 2023 01:43 PM (D6oOC)
Incrementally? Do you smash a plate and sell it in pieces?
Posted by: I used to have a different nic at March 13, 2023 02:14 PM (GYIa4)
What was your old nic?
Posted by: Minnfidel at March 13, 2023 02:14 PM (GwxCX)
Is he just this incompetent?
++++
I have no idea. The only opposing thought I have on the idea of Cramer being a plant to fleece people and transfer their capital to insiders is that he's *incredibly* good at it and there is no history of competence among the frontmen or string-pullers. Cramer has a 20+-year history of being almost perfectly wrong. If he was a plant, I suspect his track record would be worse.
Posted by: Joe Mannix (Not a cop!) at March 13, 2023 02:15 PM (t0OGg)
Posted by: jim (in Kalifornia) at March 13, 2023 01:49 PM (ynpvh)
LOL
Posted by: wth at March 13, 2023 02:15 PM (v0R5T)
Posted by: Joe Mannix (Not a cop!) at March 13, 2023 02:12 PM (t0OGg)
And you're still bleeding money if the rates on the mortgages are lower than the rates on deposits.
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 02:15 PM (eYoxG)
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 02:12 PM (eYoxG)
Yup, which is why I've always argued that GDP is a horrible way to measure an economy.
And that if Inflation is greater than Growth, which it has been for years... then you are actually in a recession if not depression. Why? Because even though more money is being spent, less 'stuff' is being bought.
Posted by: Romeo13 at March 13, 2023 02:15 PM (oHd/0)
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 01:15 PM (MvF+J)
Agreed, except it won't be forever. Freebie Gubbermint money has a finite shelf life. Collapse perhaps?
Posted by: LeftCoast Dawg at March 13, 2023 02:16 PM (i+mOk)
Posted by: Zombie John McCain's Rotting Corpse at March 13, 2023 02:17 PM (DMyTF)
All this noise to cover lawlessness by Feds. But why not? They stole the election too.
Posted by: torabora at March 13, 2023 02:17 PM (5eyqn)
And that if Inflation is greater than Growth, which it has been for years... then you are actually in a recession if not depression. Why? Because even though more money is being spent, less 'stuff' is being bought.
Posted by: Romeo13 at March 13, 2023 02:15 PM (oHd/0)
They do try to use "Real" GDP and "Real" Growth rates that are supposed to account for inflation. It's an iffy business even when they're not trying to cover things up.
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 02:17 PM (eYoxG)
Posted by: Farmer Bob at March 13, 2023 02:17 PM (trVDr)
Posted by: Adirondack Patriot at March 13, 2023 02:17 PM (N16mY)
Posted by: David French at March 13, 2023 02:17 PM (Xrfse)
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 02:15 PM (eYoxG)
++++
Depending on your asset mix, sure. Interest rates on deposits are still pretty low. Profits are likely way down on that exchange, but I doubt the losses are piling up yet.
Posted by: Joe Mannix (Not a cop!) at March 13, 2023 02:18 PM (t0OGg)
Posted by: We're Serving Up gp, Hot And Fresh at March 13, 2023 02:18 PM (MvF+J)
++++
On the plus side, there are far fewer ARMs than there were in 2008.
On the minus side, those fixed-rate MBS will sell at a discount if they have to be liquidated to get working capital, just as treasuries will sell at a discount, etc. Rising interest rates are a bitch and a half and since most of this stuff is marked to maturity instead of marked to market, the losses can become staggering if you have to sell early.
Posted by: Joe Mannix (Not a cop!)
=======================
Could be worse. In Canada? They do not have long term fixed rate mortgages at all. After years of near 0% rates, mortgage payments are almost DOUBLING as the mortgage term ends and they have to refinance.
Posted by: rd at March 13, 2023 02:19 PM (Z32m1)
Posted by: Marcus T at March 13, 2023 02:19 PM (SAX5G)
Posted by: Marcus T at March 13, 2023 02:08 PM (SAX5G)
The run a disclaimer on the program that basically says anything Cramer says is opinion, and not to be used as investment advice.
Posted by: browndog Official Mascot of Team Gizzard at March 13, 2023 02:19 PM (CCSxw)
Posted by: andycanuck (Vwz3I) at March 13, 2023 02:19 PM (Vwz3I)
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 02:17 PM (eYoxG)
++++
The bigger problem with GDP, in my opinion, is how it handles both debt and government spending. It doesn't handle the former at all, and it counts the latter as additive rather than subtractive. Government spending is always inefficient and usually wasteful, yet government spending goes into GDP rather than out of it or discounted.
Subtract government spending (or deflate it by some amount) from GDP and compare GDP growth in dollar terms to debt growth in dollar terms for the same period, and see where we have had true blue private growth in the past 20-30 years. It hasn't been much.
Posted by: Joe Mannix (Not a cop!) at March 13, 2023 02:20 PM (t0OGg)
Yeah that is an issue. Its like movies, people keep asking if Hollywood has learned its lesson from woke/broke but it takes 3-5 years for a movie to go from pitch to theater so the lag is not going to represent any lessons learned for years.
Other than canceled projects and delayed ones. Like The Marvels. They're doing so many reshoots and delays they're gonna go up into the 300+million dollar price and there's almost no chance they can make money on it now.
Posted by: Christopher R Taylor at March 13, 2023 02:20 PM (0hOvj)
Posted by: Marcus T at March 13, 2023 02:20 PM (SAX5G)
Posted by: rd at March 13, 2023 02:19 PM (Z32m1)
++++
Yup. ARMs are the norm most places that aren't the United States.
Posted by: Joe Mannix (Not a cop!) at March 13, 2023 02:20 PM (t0OGg)
Maybe they will finally dump him after this fiasco.
Posted by: CharlieBrown'sDildo at March 13, 2023 02:08 PM (NgmbA)
Nah, they'll keep him around.
Like him or hate him...as stupid as his program is, he/it attracts eyeballs.
Posted by: browndog Official Mascot of Team Gizzard at March 13, 2023 02:21 PM (CCSxw)
Posted by: Wolfus Aurelius, Dreaming of Elsewhere
_________
Have you thought about rewriting the letter and claiming that you are a transgender POC who felt unsafe?
You would get a much quicker and more apologetic response, and maybe even a bushel basket of cash to go along with the apology.
Posted by: Kam Fong as Chin Ho at March 13, 2023
***
You know, next time I might well do that. Make 'em live by their own rules.
Posted by: Wolfus Aurelius, Dreaming of Elsewhere at March 13, 2023 02:21 PM (J2vNu)
They already were, that's what collapsed the bank. ESG investments that make no money.
Posted by: Christopher R Taylor at March 13, 2023 02:21 PM (0hOvj)
Posted by: David French at March 13, 2023 02:21 PM (Xrfse)
All this noise to cover lawlessness by Feds. But why not? They stole the election too.
Posted by: torabora at March 13, 2023 02:17 PM (5eyqn)
The Lapdog Media will not report any of it. We live in an Empire of Lies. Lies of both commission and omission.
Posted by: Gref at March 13, 2023 02:22 PM (AMIL/)
Over a trillion in credit card debt. People are just living on debt now because they liked that stimulus money/unlimited unemployment lifestyle.
Posted by: Christopher R Taylor at March 13, 2023 02:24 PM (0hOvj)
Posted by: Red Turban Someguy - The Republic is already dead! at March 13, 2023 02:17 PM (eYoxG)
But 'Real GDP' does not take into account the Government's printing money to support its overspending. Which if you look at the charts of the supposed 'Real GDP', would account for virtually all of the 'Real GDP' growth in the last 20 years.
Posted by: Romeo13 at March 13, 2023 02:25 PM (oHd/0)
Asking for a friend...
Posted by: Carlos Rodriguez at March 13, 2023 02:25 PM (aMICW)
Posted by: andycanuck (Vwz3I) at March 13, 2023 02:25 PM (Vwz3I)
Posted by: Tapioca Flavored Shartpants Resident at March 13, 2023 02:26 PM (OZjDX)
I don't think this is the same type of Lehman situation from 2007 but it does make me wonder how many other banks out there are this badly exposed.
I also wonder about the legality of backstopping deposits over $250k through the FDIC. I guess this means that there is no actual limit on FDIC insured deposits, so all the actuaries that have worked on risk premiums can just go ahead and light all that work on fire.
Posted by: Milquetoast Mortgage-Paying Neighbor in Flyover Country at March 13, 2023 02:27 PM (5C4od)
Posted by: Christopher R Taylor at March 13, 2023 01:41 PM (0hOvj)
Downtown? Hmmm. No better indicator of Agenda 21/15-minute cities.
Posted by: Dr. Pork Chops & Bacons at March 13, 2023 02:38 PM (BdMk6)
Posted by: Skip at March 13, 2023 02:43 PM (xhxe8)
In ant case, we now see the consequences of getting rid of orange man at all costs.
Posted by: Xaver Basora at March 13, 2023 03:00 PM (HZCl6)
He is become a meme, or is it a trope?
Kramer>Cramer
Posted by: Mike Hammer, etc., etc at March 13, 2023 03:07 PM (g3gMh)
Posted by: Christopher R Taylor
---------
Our little Progressive burg is being inundated with new 250+ unit apartments. All ugly, featureless (See: E. German worker housing). The city and county councils justify this by insisting that 10% be 'Low Income' units. The developers (all from out of town) smile.
Posted by: Mike Hammer, etc., etc at March 13, 2023 03:11 PM (g3gMh)
You people elected The King of Debt
Posted by: Paul at March 13, 2023 03:47 PM (PvtcE)
Posted by: Tamaa the Drongo Bird at March 13, 2023 04:43 PM (wGqjj)
Presumably, they are talking about reserve requirements, which were indeed reduced to zero (0) a couple of years ago by the Federal Reserve, not Republicans. This would not affect their investments, but it would (and did) decrease the banks' ability to survive a run on the bank. It also increased inflation by increasing the money supply (see partial reserve banking).
Posted by: timactual at March 13, 2023 06:29 PM (Cmxuw)
It reminds me again why establishment Republicans and weak-minded anti-groomer “culture warriors” abhor President Trump. They can’t deal with simple, blunt, truth-telling. Like oil and water.
Now Americans are going to get fucked over even more than before. The Government is using this “crisis” to further consolidate the banking system into a smaller number of Big Banks.
Yes, paper/metal money is on its way to extinction, to be replaced with government (Democrat) controlled digital currency which will limit how long it exists before it has to be spent, and with limits on how it can be used.
Oh, but groomers…
Posted by: Dummy #43 at March 13, 2023 08:23 PM (FkMTW)
Posted by: Mac at March 13, 2023 08:27 PM (r+jUZ)
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Paul Anka Haiku Contest Announcement
Integrity SAT's: Entrance Exam for Paul Anka's Band
AllahPundit's Paul Anka 45's Collection
AnkaPundit: Paul Anka Takes Over the Site for a Weekend (Continues through to Monday's postings)
George Bush Slices Don Rumsfeld Like an F*ckin' Hammer
Democratic Forays into Erotica
New Shows On Gore's DNC/MTV Network
Nicknames for Potatoes, By People Who Really Hate Potatoes
Star Wars Euphemisms for Self-Abuse
Signs You're at an Iraqi "Wedding Party"
Signs Your Clown Has Gone Bad
Signs That You, Geroge Michael, Should Probably Just Give It Up
Signs of Hip-Hop Influence on John Kerry
NYT Headlines Spinning Bush's Jobs Boom
Things People Are More Likely to Say Than "Did You Hear What Al Franken Said Yesterday?"
Signs that Paul Krugman Has Lost His Frickin' Mind
All-Time Best NBA Players, According to Senator Robert Byrd
Other Bad Things About the Jews, According to the Koran
Signs That David Letterman Just Doesn't Care Anymore
Examples of Bob Kerrey's Insufferable Racial Jackassery
Signs Andy Rooney Is Going Senile
Other Judgments Dick Clarke Made About Condi Rice Based on Her Appearance
Collective Names for Groups of People
John Kerry's Other Vietnam Super-Pets
Cool Things About the XM8 Assault Rifle
Media-Approved Facts About the Democrat Spy
Changes to Make Christianity More "Inclusive"
Secret John Kerry Senatorial Accomplishments
John Edwards Campaign Excuses
John Kerry Pick-Up Lines
Changes Liberal Senator George Michell Will Make at Disney
Torments in Dog-Hell
The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)