The Morning Rant: Minimalist Edition

Treasury Secretary Janet Yellen sounds like a waitress in a 1950s Jewish deli in Brooklyn, although she probably has less of a grasp on reality than that waitress. Ignoring her idiotic giggling demeanor, her acceptance of the worst excesses of the regulatory Deep State^TM has further eroded the rule of law.

Yup...the rule of law doesn't just control crime. It is an integral part of a free-market economy, and with one fell swoop she has completed the destruction of the traditional...and legal...hierarchy governing financial failure. Just look back to the GM fiasco, in which settled financial law was upended by the Obama administration so that their union pets would be made whole, and the legally entitled bond holders were just shit out of luck! So what that people make investment decisions based on those laws!

Not All Uninsured Deposits Will Be Government-Protected in Future Bank Failures

However, Yellen warned that not all depositors will be protected over the FDIC insurance limits of $250,000 per account in the future, as has been the case with the two failed banks.
Instead, uninsured deposits would only be covered in the event that a “majority of the FDIC board, a supermajority of the Fed board, and I, in consultation with the president, determine that the failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences,” Yellen said.

See what I mean? Orwell's single commandment from Animal Farm speaks volumes:

All animals are equal, but some animals are more equal than others.

And we all know which animals are more equal...the ones putting food into the Democrat trough. Gavin Newsom is the latest example of a politician feeding a that trough...he has extensive business interests with financial relationships to SVB, and the bank actually donated $100k to his wife's ~~slush fund~~ charity. But that didn't prevent him form pushing for a total bailout instead of one governed by established financial law and regulation.

So what will happen if another bank goes belly up, but wasn't crooked enough to buy the correct politicians? Whoops! Too bad about those deposits in excess of the FDIC $250,000 limit, but the law is the law!

This is the sort of thing that increases systemic risk, because banks and other businesses that are well positioned for these sorts of extralegal bailouts can act much more recklessly, with the expectation that their financial losses will be made whole by a compliant and well fed Deep State^TM. There's even a term for it: Moral Hazard.

That adds uncertainty to the millions of financial decisions made every day by the individual actors that make up the economy (Adam Smith's "invisible hand"), and it decreases the possibilities for growth. If you don't know the rules, then how can you make an informed decision?

Posted by: CBD at 11:00 AM

Comments

(Jump to bottom of comments)

1 First?

Posted by: Wolfus Aurelius, Dreaming of Elsewhere at March 21, 2023 11:00 AM (J2vNu)

2 Looking in

Posted by: Skip at March 21, 2023 11:00 AM (KPgsx)

3 for a moment there

Posted by: Not The Twilight Zone but close at March 21, 2023 11:00 AM (qfLjt)

4 Munkey!

Posted by: RedMindBlueState at March 21, 2023 11:01 AM (Wnv9h)

5 Good Wolfus you get em

Posted by: Skip at March 21, 2023 11:01 AM (KPgsx)

6 not sponge

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:01 AM (LvTSG)

7 Yup...the rule of law doesn't just control crime. It is an integral part of a free-market economy
++++
Yup. The cornerstone of *all* human achievement is property rights, and the purpose of law is, first and foremost, to protect property and life.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:02 AM (t0OGg)

8 This is the sort of thing that increases systemic risk, because banks and other businesses that are well positioned for these sorts of extralegal bailouts can act much more recklessly, with the expectation that their financial losses will be made whole by a compliant and well fed Deep StateTM. There's even a term for it: Moral Hazard.

========

It's called power.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:02 AM (LvTSG)

9 Translated..."We'll take care of our friends....and donors."

Posted by: BignJames at March 21, 2023 11:02 AM (AwYPR)

10 7 Yup...the rule of law doesn't just control crime. It is an integral part of a free-market economy
++++
Yup. The cornerstone of *all* human achievement is property rights, and the purpose of law is, first and foremost, to protect property and life.
Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:02 AM (t0OGg)

======

But property rights are anti-revolutionary comrade. Now, give me your shit.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:02 AM (LvTSG)

11 Good Wolfus you get em
Posted by: Skip at March 21, 2023

***
** growls in appreciation **

Posted by: Wolfus Aurelius, Dreaming of Elsewhere at March 21, 2023 11:02 AM (J2vNu)

12 However, Yellen warned that not all depositors will be protected over the FDIC insurance limits of $250,000 per account in the future, as has been the case with the two failed banks.

Even a 5% haircut would have signaled some seriousness on how they would treat future bank bailouts.

Posted by: The ARC of History! at March 21, 2023 11:03 AM (2tUFv)

13 Instead, uninsured deposits would only be covered in the event that a “majority of the FDIC board, a supermajority of the Fed board, and I, in consultation with the president, determine that the failure to protect uninsured depositors would ~~create systemic risk and significant economic and financial consequences~~ affect our friends and donors,” Yellen said.

Edited for accuracy.

Posted by: I used to have a different nic at March 21, 2023 11:03 AM (GYIa4)

14 Quote: "And we all know which animals are more equal..."

Yup. Hampsters.

Posted by: You Really Don't Want to Know at March 21, 2023 11:03 AM (iKFmR)

15 FIRST!!!!!

Posted by: Sponge - F*ck Joe Biden at March 21, 2023 11:03 AM (Zz0t1)

16 However, Yellen warned that not all depositors will be protected over the FDIC insurance limits of $250,000 per account in the future, as has been the case with the two failed banks.
Instead, uninsured deposits would only be covered in the event that a “majority of the FDIC board, a supermajority of the Fed board, and I, in consultation with the president, determine that the failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences,” Yellen said.
++++
So big banks and big depositors in valuable industries will get bailed out. Small banks and small depositors or depositors in non-valuable (that is, non-aligned) industries will be told to get fucked.

I kinda doubt it. Bailouts today. Bailouts tomorrow. Bailouts forever. This is more likely a lie told in the name of ass-covering than it is actual policy.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:03 AM (t0OGg)

17 Where's Adam Smith's Invisible Pimp Hand when you need it?

Posted by: RedMindBlueState at March 21, 2023 11:03 AM (Wnv9h)

18 "Hampsters" sounds like panty-sniffers.

Anyone want to brave the Urban Dictionary for the greater good of Horde Knowledge??

Posted by: andycanuck (Vwz3I) at March 21, 2023 11:04 AM (Vwz3I)

19 The cornerstone of *all* human achievement is property rights, and the purpose of law is, first and foremost, to protect property and life.
Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:02 AM (t0OGg)

Getting your property stolen by lowlife criminal shits is what makes city life worth living, creampuff!

Posted by: John Hamasaki, Esquire at March 21, 2023 11:04 AM (h5TKJ)

20 So what will happen if another bank goes belly up, but wasn't crooked enough to buy the correct politicians? Whoops! Too bad about those deposits in excess of the FDIC $250,000 limit, but the law is the law!
++++
something something "aristocracy of pull" something something.

Ayn Rand was long-winded and wrong about much, but she wasn't wrong about the people in charge.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:04 AM (t0OGg)

21 Joe Biden the Destructor.

We thought Owebama was bad. Biden is the portal to allow Owebama to accomplish everything he couldn't in his 2 terms. Without a Biden presidency, Owebama would be done.

Posted by: Sponge - F*ck Joe Biden at March 21, 2023 11:05 AM (Zz0t1)

22 Am I translating Yellen’s statement correctly as “ that 250,000 thing? Yeah, no..”

Posted by: tubal at March 21, 2023 11:05 AM (PCK5/)

23 Gotta go to work.

Later, Horde.

Posted by: Sponge - F*ck Joe Biden at March 21, 2023 11:05 AM (Zz0t1)

24 However, Yellen warned that not all depositors will be protected over the FDIC insurance limits of $250,000 per account in the future, as has been the case with the two failed banks.

It's true. If you are a grubby Midwestern bank lending to old-line manufacturing companies, and you don't even ask each other's personal pronouns and don't spend hours per week in DEI meetings, expect to die if you run into trouble.

Posted by: The Fed! at March 21, 2023 11:05 AM (2tUFv)

25 Janet Yellen could certainly benefit from a fresh one delivered by Adam Smith's Invisible Pimp Hand.

Posted by: Thomas Bender - Trump Fanatic Since 2016, Now With More Fanaticisms at March 21, 2023 11:05 AM (XFPre)

26 Anyone want to brave the Urban Dictionary for the greater good of Horde Knowledge??

Posted by: andycanuck (Vwz3I) at March 21, 2023 11:04 AM (Vwz3I)

DDG is sufficient (see #427 previous thread).

Posted by: You Really Don't Want to Know at March 21, 2023 11:05 AM (iKFmR)

27 Speaking of economics, the San Fran reparations bill includes:

A $5 million lump sum
Elimination of all personal debt and tax burdens
Guaranteed annual incomes of at least $97,000 for 250 years
The ability to purchase a home in San Francisco for only $1

Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 21, 2023 11:06 AM (FVME7)

28 I think what she is saying is if you have $350,000 then $250,000 will be insured, but if you have $1.8 billion, $3 billion of it will be insured.

Posted by: Bitter Clinger at March 21, 2023 11:06 AM (Stc3i)

29 You know who else's government picked winners and loses?

Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 21, 2023 11:06 AM (FMQfH)

30 In the long run, we're all pimps.

Posted by: Warai-otoko at March 21, 2023 11:06 AM (9UlRk)

31 This is the sort of thing that increases systemic risk, because banks and other businesses that are well positioned for these sorts of extralegal bailouts can act much more recklessly, with the expectation that their financial losses will be made whole by a compliant and well fed Deep StateTM. There's even a term for it: Moral Hazard.
++++
It's slightly worse than that. It will do all of this, but it will also directly encourage the use of those "well positioned" banks. If you want access to extralegal bailouts, you need to make sure you do business with the "right" firms. This will increase concentration into those firms, and thus increase systemic risks while reducing the number of non-risky institutions.

It's almost perfectly designed to increase risks.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:06 AM (t0OGg)

32 27 Speaking of economics, the San Fran reparations bill includes:

A $5 million lump sum
Elimination of all personal debt and tax burdens
Guaranteed annual incomes of at least $97,000 for 250 years
The ability to purchase a home in San Francisco for only $1
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 21, 2023 11:06 AM (FVME7)

And a pony.

Posted by: tubal at March 21, 2023 11:06 AM (PCK5/)

33 27 Speaking of economics, the San Fran reparations bill includes:

A $5 million lump sum
Elimination of all personal debt and tax burdens
Guaranteed annual incomes of at least $97,000 for 250 years
The ability to purchase a home in San Francisco for only $1
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 21, 2023 11:06 AM (FVME7)

=========

Do it! DO IT!!!!

When they start denying funds to black people who move into the area just for it, it's going to be fucking hilarious.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:07 AM (LvTSG)

34 I think what she is saying is if you have $350,000 then $250,000 will be insured, but if you have $1.8 billion, $3 billion of it will be insured.

Posted by: Bitter Clinger at March 21, 2023 11:06 AM (Stc3i)

----------

snopes.com rates this as "mostly true."

Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 21, 2023 11:07 AM (FMQfH)

35 If you don't know the rules, then how can you make an informed decision?
++++
You follow the *real* rules. You do what the Omniparty wants and in ways the Omniparty approves of, or you lose everything.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:07 AM (t0OGg)

36 We live in total clown world where we're governed by idiots who treat the country like a game of SimCity with the free money cheat codes turned on. There's no turning back once you know the cheat codes.

Posted by: brak at March 21, 2023 11:07 AM (lO5WT)

37 If you don't know the rules, then how can you make an informed decision?

Posted by: CBD at 11:00 AM

Surely you're familiar with Calvinball??

Posted by: Doof at March 21, 2023 11:07 AM (1D0wj)

38 Buying A Senator has been the only secure form of financial insurance since someone first decided "senator" was a job.

Posted by: Warai-otoko at March 21, 2023 11:07 AM (9UlRk)

39 In case you were looking for something to do in Portland:

Join us for the Ethical Non-Monogamy Queer Social Club on Thurs, 3/23!

I can only imagine who would attend something like this.

Posted by: The ARC of History! at March 21, 2023 11:08 AM (2tUFv)

40 14 Quote: "And we all know which animals are more equal..."

Yup. Hampsters.

Posted by: You Really Don't Want to Know at March 21, 2023 11:03 AM (iKFmR)
----
Gee, I was going with gerbils or otters ......!

(Richard Gere or AoS Morons hardest hit) [shit, that's us]!!!!!!!!!

Posted by: Not The Twilight Zone but close enough at March 21, 2023 11:08 AM (qfLjt)

41 Speaking of economics, the San Fran reparations bill includes:

A $5 million lump sum
Elimination of all personal debt and tax burdens
Guaranteed annual incomes of at least $97,000 for 250 years
The ability to purchase a home in San Francisco for only $1
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 21, 2023 11:06 AM (FVME7)

And a pony.
Posted by: tubal at March 21, 2023 11:06 AM (PCK5/)
-----------
I'm disappointed that they aren't throwing in some white slaves. Where is their commitment to EQUITY?!?!?!?

Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 21, 2023 11:09 AM (FMQfH)

42 A person who lives in the Hamptons,

Urban Dictionary ... not even a hint of NSFW ...

Hamster: small furry thing that dances.

Posted by: You Really Don't Want to Know at March 21, 2023 11:09 AM (iKFmR)

43 Speaking of economics, the San Fran reparations bill includes:
___

Powerline links to SF Chronicle article that is unintentionally hilarious, there are a few snippets in the last thread from the original article. I'd add link but I don't have tinyurl skills.

Posted by: Chuck Martel at March 21, 2023 11:09 AM (fs1hN)

44 My governor is an idiot.

Posted by: torabora at March 21, 2023 11:09 AM (xOVyR)

45 zerohedge @zerohedge · 47m
*YELLEN: INTENTION TO REMAIN VIGILANT IN DAYS AND WEEKS TO COME

*YELLEN: DON'T HAVE ALL THE DETAILS ABOUT SVB, SIGNATURE YET

*YELLEN: TOO EARLY TO DECIDE ON REGULATORY CHANGES

@zerohedge · 53m
YELLEN: COMMITTED TO TAKING ACTIONS THAT WILL MITIGATE FINANCIAL STABILITY RISKS

YELLEN: BANKING SYSTEM IS SOUND DESPITE RECENT PRESSURE

@zerohedge · 41m
Yellen opens mouth and stocks dump

@zerohedge · 44m
YELLEN: U.S. FINANCIAL SYSTEM, DOLLAR RESERVE CURRENCY STATUS SHOULD BE PRIZED AND SHOULD NOT BE THREATENED

*YELLEN: WORRIED ABOUT WAITING TO LAST MIN. TO ACT ON DEBT LIMIT

Posted by: andycanuck (Vwz3I) at March 21, 2023 11:09 AM (Vwz3I)

46 We live in total clown world where we're governed by idiots who treat the country like a game of SimCity with the free money cheat codes turned on. There's no turning back once you know the cheat codes.

Posted by: brak at March 21, 2023 11:07 AM (lO5WT)

This.

Posted by: Berserker-Dragonheads Division at March 21, 2023 11:10 AM (VwHCD)

47 "the ones putting food into the Democrat trough."

and besides that, the banks and BigTech oligarchs (who are the ones that really got bailed out) do the critical theory work (censorship and pushing Woke), so they are on the "right side of (the coming dystopian) history".

Posted by: illiniwek at March 21, 2023 11:10 AM (Cus5s)

48 example -
Despite the city’s reputation as a progressive stronghold, recent years have shown San Francisco isn’t immune to being swayed by conservative ideology on critical issues, whether it’s policing or criminal justice reform.

Posted by: Chuck Martel at March 21, 2023 11:10 AM (fs1hN)

49 Tell me more about the hampsters.

Posted by: 80's Richard Gere at March 21, 2023 11:11 AM (Irdcf)

50 48 example -
Despite the city’s reputation as a progressive stronghold, recent years have shown San Francisco isn’t immune to being swayed by conservative ideology on critical issues, whether it’s policing or criminal justice reform.
Posted by: Chuck Martel at March 21, 2023 11:10 AM (fs1hN)

=========

It's because San Francisco is full of racists. They should be purged. Their voting rights repealed, and they should be ruled by a queen.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:12 AM (LvTSG)

51 Caravans gathering in the east of black people heading west to California on dreams of striking it rich...

Hilarious. Current Year is awesome.

Maybe in a hundred years they'll have a sportsball team named after them. The Twenty-Three'ers.

Posted by: Warai-otoko at March 21, 2023 11:12 AM (9UlRk)

52 So much decay to choose from, topically..

Posted by: tubal at March 21, 2023 11:12 AM (PCK5/)

53 Janet Yellen could certainly benefit from a fresh one delivered by Adam Smith's Invisible Pimp Hand.

Remember, Yellen was making millions in "speaking fees" from financial institutions before she became Treasury Secretary.

Considering that she was a Berkeley professor, it would be surprising if she hadn't pocketed money from the nearby Silicon Valley Bank at one point or another.

Posted by: The ARC of History! at March 21, 2023 11:13 AM (2tUFv)

54
A $5 million lump sum
Elimination of all personal debt and tax burdens
Guaranteed annual incomes of at least $97,000 for 250 years
The ability to purchase a home in San Francisco for only $1
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 21, 2023 11:06 AM (FVME7)

Oakland moves to San Fran and wonders why a burger costs $10,000.

Posted by: I used to have a different nic at March 21, 2023 11:13 AM (GYIa4)

55 51 Caravans gathering in the east of black people heading west to California on dreams of striking it rich...

Hilarious. Current Year is awesome.

Maybe in a hundred years they'll have a sportsball team named after them. The Twenty-Three'ers.
Posted by: Warai-otoko at March 21, 2023 11:12 AM (9UlRk)

The new Gold Rush…..

Posted by: tubal at March 21, 2023 11:13 AM (PCK5/)

56 We'll see how well-aligned First Republic is. They sank to $12 a share yesterday even after a $30B bailout.

Of course, the news clowns are touting a "40% jump" in the stock this morning. Great news as long as you can't do math.

I'd point and laugh if my employer wasn't banking with First Republic.

Posted by: Grudge Harbor at March 21, 2023 11:13 AM (wBpKf)

57 Orwell was a Prophet.

Posted by: davidt at March 21, 2023 11:13 AM (SYTee)

58 "Treasury Secretary Janet Yellen sounds like a waitress in a 1950s Jewish deli in Brooklyn, although she probably has less of a grasp on reality than that waitress"

What could you possibly have against Jewish waitresses? All the ones I've met at the deli know their trade and what's good for the customer. And they're far less obnoxious politically than many others at the deli.

By contrast, Yellen has made it clear that she's picking winners and losers on behalf of her oligarch buddies. And she's not even doing it well. Expect a lot more attention on Biden donors and banksters as the interest rate dance continues.

Posted by: trev006 at March 21, 2023 11:13 AM (DTm0P)

59 Caravans gathering in the east of black people heading west to California on dreams of striking it rich...
____

San Francisco 49ers renamed to 23ers

Posted by: Chuck Martel at March 21, 2023 11:13 AM (fs1hN)

60 Late-stage capitalism is just regular order socialism--government bailouts for the rich and connected, peanuts for everyone else.

Posted by: People's Hippo Voice at March 21, 2023 11:13 AM (Xt3H6)

61 Speaking of economics, the San Fran reparations bill includes:

A $5 million lump sum
Elimination of all personal debt and tax burdens
Guaranteed annual incomes of at least $97,000 for 250 years
The ability to purchase a home in San Francisco for only $1
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 21, 2023 11:06 AM (FVME7)

California Gold Rush 2.0

This could be very good for the rest of the country.

Posted by: Miss Issippi at March 21, 2023 11:14 AM (sI15f)

62 This guy got TERMINATED from RSBN for being too critical of Ron DeSantis

https://tinyurl.com/8n8rmvw3

Posted by: Maj. Healey at March 21, 2023 11:14 AM (DMyTF)

63 I'm curious if DU is talking about San Francisco...

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:14 AM (LvTSG)

64 In other words, where WE (the board, the fed, myself, and the President) store OUR money will be protected, yours...not so much. And of course, the banks that fund our lifestyles and give the best kickbacks will get bailouts.

Posted by: Seems Legit at March 21, 2023 11:14 AM (DcKNO)

65 Yellen was asked if she thought printing $6 trillion would contribute to inflation.

She didn't think so.

The junta selects the very least qualified possible.

Posted by: torabora at March 21, 2023 11:14 AM (xOVyR)

66 You want more Mason jars buried in back yards? This is how you get more Mason jars buried in back yards.

Posted by: SloPitch Whiffer at March 21, 2023 11:15 AM (wzAuc)

67 59 Caravans gathering in the east of black people heading west to California on dreams of striking it rich...
____

San Francisco 49ers renamed to 23ers
Posted by: Chuck Martel at March 21, 2023 11:13 AM (fs1hN)

I mean, this joke was made at the bottom of that very same three-line comment.

Posted by: The Central Scrutinizer at March 21, 2023 11:15 AM (KbCG3)

68 "Speaking of economics, the San Fran reparations bill includes:

A $5 million lump sum
Elimination of all personal debt and tax burdens
Guaranteed annual incomes of at least $97,000 for 250 years
The ability to purchase a home in San Francisco for only $1
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 21, 2023 11:06 AM (FVME7)

And a pony.
Posted by: tubal"

Only a pony would be racist. It must be a Unicorn.

Posted by: Ripley at March 21, 2023 11:15 AM (cUYo/)

69 Hey, you guys need a railroad built?

Posted by: The Chinese at March 21, 2023 11:15 AM (9UlRk)

70 Quote Tweet Fox News @FoxNews · Mar 18
Biden denies $1M in payments to family from Hunter associate, despite bank records: 'Not true' https://fxn.ws/3Tq0NKS

Oversight Committee @GOPoversight · 23h
🤥🤥🤥🤥

We’ve got the bank records.
https://tinyurl.com/2r752avc

Posted by: andycanuck (Vwz3I) at March 21, 2023 11:15 AM (Vwz3I)

71 You can't keep money in your car because, thieves. You can't keep money in your house because, thieves. You can't keep money on your person because, thieves. And now you can't keep money in your bank because, thieves.

I know! I know! The problem is money! We shouldn't be allowed to have any! If no one has any money, problem solved!

Well except those in charge. They require money, obviously.

Posted by: Just Lily at March 21, 2023 11:15 AM (IM1lj)

72 Coming next. When a bank fails only the rabid Democrat depositors get a bailout. Conservatives...nah.

Posted by: Just sayin at March 21, 2023 11:15 AM (bewti)

73 70 We’ve got the bank records.
https://tinyurl.com/2r752avc
Posted by: andycanuck (Vwz3I) at March 21, 2023 11:15 AM (Vwz3I)

=======

"We literally could not care less. Fuck you, peasants."
-Every single Democrat in Congress

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:16 AM (LvTSG)

74 I mean, this joke was made at the bottom of that very same three-line comment.
Posted by: The Central Scrutinizer
___

I have difficulty scrutinizing

Posted by: Chuck Martel at March 21, 2023 11:16 AM (fs1hN)

75 You want more Mason jars buried in back yards? This is how you get more Mason jars buried in back yards.

We have a cure for that!

Posted by: Hyperinflation! at March 21, 2023 11:17 AM (2tUFv)

76
"We literally could not care less. Fuck you, peasants."
-Every single Democrat in Congress
Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:16 AM (LvTSG)

"Us neither, really, we just gotta read the script. Also up yours, peasants. "
- every single republican in congress

Posted by: The Chinese at March 21, 2023 11:17 AM (9UlRk)

77 74 I mean, this joke was made at the bottom of that very same three-line comment.
Posted by: The Central Scrutinizer
___

I have difficulty scrutinizing
Posted by: Chuck Martel at March 21, 2023 11:16 AM (fs1hN)

I just like picturing how excited you got thinking that up, haha.

Posted by: The Central Scrutinizer at March 21, 2023 11:17 AM (KbCG3)

78 Do the Amish rely mostly on barter, or they all in on currencies too?

I could see people creating an underground market for eggs, etc, with bartering (or cash). The digital currency will create new forms of bartering too.

Casino tokens?

Posted by: artisanal ette at March 21, 2023 11:17 AM (uQPen)

79 (Sockoff)

Posted by: Warai-otoko at March 21, 2023 11:18 AM (9UlRk)

80 Financial acuity is not the left's strong suit.

Posted by: Martini Farmer at March 21, 2023 11:18 AM (Q4IgG)

81 "We literally could not care less. Fuck you, peasants."
-Every single Democrat in Congress
Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:16 AM (LvTSG)

Also, Trump said pussy and DeSantis hates gheys. -- LIVs

Posted by: I used to have a different nic at March 21, 2023 11:18 AM (GYIa4)

82 Just another exhibit in the “ why we now have a low trust society” gallery.

Posted by: tubal at March 21, 2023 11:18 AM (PCK5/)

83 I know! I know! The problem is money! We shouldn't be allowed to have any! If no one has any money, problem solved!

You will be given digital currency, which can be manipulated at will, and can only be spent on Approved Things.

Posted by: The ARC of History! at March 21, 2023 11:19 AM (2tUFv)

84 83 I know! I know! The problem is money! We shouldn't be allowed to have any! If no one has any money, problem solved!

You will be given digital currency, which can be manipulated at will, and can only be spent on Approved Things.
Posted by: The ARC of History! at March 21, 2023 11:19 AM (2tUFv)

=========

"Hooray for true freedom!"
-The Left

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:19 AM (LvTSG)

85 End Wokeness @EndWokeness · 15h
Nancy Pelosi's net worth when she entered politics was $3.5 million

Today it’s close to $200 million

But let’s arrest Trump for a $130k payment he made 7 years ago

Posted by: andycanuck (Vwz3I) at March 21, 2023 11:19 AM (Vwz3I)

86 I kinda doubt it. Bailouts today. Bailouts tomorrow. Bailouts forever. This is more likely a lie told in the name of ass-covering than it is actual policy.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:03 AM (t0OGg)

A regional bank that specializes in oil services? Do you think the Biden junta will bail them out?

Posted by: CharlieBrown'sDildo at March 21, 2023 11:20 AM (XIJ/X)

87 Farces always repeat themselves. The first time as satire, the second time as History.

Posted by: Warai-otoko at March 21, 2023 11:21 AM (9UlRk)

88 You. Have. No. Idea.

Posted by: 2024 at March 21, 2023 11:21 AM (vjIFm)

89 86 I kinda doubt it. Bailouts today. Bailouts tomorrow. Bailouts forever. This is more likely a lie told in the name of ass-covering than it is actual policy.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:03 AM (t0OGg)

A regional bank that specializes in oil services? Do you think the Biden junta will bail them out?
Posted by: CharlieBrown'sDildo at March 21, 2023 11:20 AM (XIJ/X)

Depends on their connections.

Posted by: The Central Scrutinizer at March 21, 2023 11:21 AM (KbCG3)

90 A $5 million lump sum
Elimination of all personal debt and tax burdens
Guaranteed annual incomes of at least $97,000 for 250 years
The ability to purchase a home in San Francisco for only $1
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 21, 2023 11:06 AM (FVME7)

And a pony.
Posted by: tubal at March 21, 2023 11:06 AM

And a glazed donut, and a bottle of vodka,...to go!

Posted by: Minnfidel at March 21, 2023 11:21 AM (GDJBM)

91 The government bonds that had lost value was only part of the problem. Apparently SVB also had massive other "leveraged loans" (that they should not legally have had). Also the massive extraction of funds by insiders ahead of time should have been reported .... lots of illegal crap ... but there is no law now.

Bannon does a good job on details I think ... he says in all they were leveraged (leverage rate) 185 to 1. Plus regulators knew the end of last year they were insolvent. Yet they continued to take people's money and "trade" (as if they were a highly leveraged hedge fund, like LTCM).

Bannon at Rumble in link, start at 10:00

https://tinyurl.com/ybaexmc7

Posted by: illiniwek at March 21, 2023 11:21 AM (Cus5s)

92 Systemic risk to the rich's riches.

On another disgusting note, Philly is compensating rioters for injuries received by rioting! Can there be any doubt that these people are hired hands?

Posted by: CN at March 21, 2023 11:21 AM (Zzbjj)

93 Depends on their connections.
Posted by: The Central Scrutinizer at March 21, 2023 11:21 AM (KbCG3)

"What's their ESG score?".

Posted by: Thrawn at March 21, 2023 11:21 AM (Rl7KJ)

94 All animals are equal, but some animals are more equal than others.

I will work harder! - Middle Class Voters

Posted by: G'rump928(c) at March 21, 2023 11:21 AM (yQpMk)

95 86

A regional bank that specializes in oil services? Do you think the Biden junta will bail them out?
Posted by: CharlieBrown'sDildo at March 21, 2023 11:20 AM (XIJ/X)

There would have to be a recantation, an aburing of Satan and all of his works, first.

Posted by: tubal at March 21, 2023 11:21 AM (PCK5/)

96 People meet but nobody knows what they do.
That will be illegal.

Posted by: humphreyrobot at March 21, 2023 11:21 AM (VZPAA)

97 taxpayer money at work

Regarding whether Dr. Fauci is representing himself or the USG at this point, I have it from a reliable source that he has worked out some sort of employment agreement which allows him to have six HHS Marshalls/Inspector general agents protect and drive him around. A big outstanding question is how is Fauci still is able to be employed by the USG and to get government assigned protection and drivers?

~Robert W Malone MD, MS

Posted by: artisanal ette at March 21, 2023 11:21 AM (uQPen)

98 We need to be able to ban discussions of bank runs!

Then there'll be no more bank runs!

Posted by: An Idiot In Arizona! at March 21, 2023 11:22 AM (2tUFv)

99 @54

>>Oakland moves to San Fran and wonders why a burger costs $10,000.

Where is 15.00 is the new 7.50 guy to really put the button on this?

Posted by: Thomas Bender - Trump Fanatic Since 2016, Now With More Fanaticisms at March 21, 2023 11:22 AM (XFPre)

100 85 End Wokeness @EndWokeness · 15h
Nancy Pelosi's net worth when she entered politics was $3.5 million

Today it’s close to $200 million

But let’s arrest Trump for a $130k payment he made 7 years ago
Posted by: andycanuck (Vwz3I) at March 21, 2023 11:19 AM (Vwz3I)

Hey, some people CAN time the market. Just because no one who dedicates their every waking hour to doing so has been successful with this strategy doesn't mean a full-time member of the government can't be.

Posted by: The Central Scrutinizer at March 21, 2023 11:22 AM (KbCG3)

101 Government is paying out Leftists tycoons like cities are paying out to the street soldiers

Posted by: Skip at March 21, 2023 11:22 AM (KPgsx)

102 SVB had the deposits for every shitlib company in CA and most "green energy" firms. The left probably shit a brick when it went tits up.

Notice how fast they acted. This was a seismic event is libtard utopia. Worse than J6.

Posted by: sniffybigtoe at March 21, 2023 11:22 AM (UuD2k)

103 A $5 million lump sum
Elimination of all personal debt and tax burdens
Guaranteed annual incomes of at least $97,000 for 250 years
The ability to purchase a home in San Francisco for only $1
Posted by: Anonosaurus Wrecks, Is this the real life? Is this just fantasy? at March 21, 2023 11:06 AM (FVME7)
++++
$97k income for 250 years is $24.25 million.
Median SF home price is $1.32 million.

So the per-person cost comes to about $6.8 million per head *before* debt and tax subsidies. There are about 41,575 black people in San Francisco. So the minimum 5-year total cost is about $282.7 billion. San Francisco's gross tax receipts are about $6 billion per year, or $30 billion over five years.

So this scheme will cost at least 9.4x the gross receipts (that is, all revenue) for the city over the first five years, assuming no other assumptions change. That much can't be borrowed, nor can it be raised. This is never going to happen. This is wokist failure theater.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:23 AM (t0OGg)

104 93 Depends on their connections.
Posted by: The Central Scrutinizer at March 21, 2023 11:21 AM (KbCG3)

"What's their ESG score?".

Posted by: Thrawn at March 21, 2023 11:21 AM (Rl7KJ)

What was the value of their donations to BLM?

Posted by: The Central Scrutinizer at March 21, 2023 11:23 AM (KbCG3)

105 I am celebrating Fourier's birthday by transforming myself to my constituent sinusoids. Gives me a good buzz.

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 11:23 AM (MvF+J)

106 Rule number one of many:

Thou shalt not continue kicking the can down the road because the road shall end.

Posted by: AlaBAMA at March 21, 2023 11:24 AM (Fwhqy)

107 103 So this scheme will cost at least 9.4x the gross receipts (that is, all revenue) for the city over the first five years, assuming no other assumptions change. That much can't be borrowed, nor can it be raised. This is never going to happen. This is wokist failure theater.
Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:23 AM (t0OGg)

=======

It's one of the most curious forms of failure theater I've seen.

It not only has no chance of passage, but it's a massive, personal promise. This isn't, "We'll repeal the ACA," this is, "I'm going to give you $5 million personally...Psyche!"

And in farking San Francisco that doesn't need to worry about electoral outcomes in the least. This is the future of the Democrat Party.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:24 AM (LvTSG)

108 You want more Mason jars buried in back yards? This is how you get more Mason jars buried in back yards.
Posted by: SloPitch Whiffer at March 21, 2023 11:15 AM (wzAuc)
++++
Everyone should do this. Not for all their money, but for at least one month's expenses, three months if you can manage it. In cash, in your possession. It isn't just corruption and criminality in the banking system, it's also tech fragility and other systemic risks. Having cash in case your bank fails, the internet goes down, you end up without power for a week or more, etc. is fairly important.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:25 AM (t0OGg)

109 A regional bank that specializes in oil services? Do you think the Biden junta will bail them out?
Posted by: CharlieBrown'sDildo at March 21, 2023 11:20 AM (XIJ/X)
++++
Yeah, probably. History indicates that everyone gets bailed out.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:26 AM (t0OGg)

110 So this scheme will cost at least 9.4x the gross receipts (that is, all revenue) for the city over the first five years, assuming no other assumptions change. That much can't be borrowed, nor can it be raised. This is never going to happen. This is wokist failure theater.
Posted by: Joe Mannix (Not a cop!)
____

Despite only being 7% of the population of SF, the diabolical Republican's stymie achieving utopia yet again.

Posted by: Chuck Martel at March 21, 2023 11:26 AM (fs1hN)

111 Coincidentally, we just learned that my MiL's Whole Life Insurance company has gone into "rehabilitation". I guess this is like receivership, sort of.

Anyway, some 3rd party appointed group is now running the thing and, allegedly, they will pay the amounts owed over time as they cash in from various government and private insurance guarantors.

Posted by: G'rump928(c) at March 21, 2023 11:26 AM (yQpMk)

112 It also doesn't help that this sets up an incentive system where if you suck up to the permanent government bureaucracy - IE DEMOCRATS - you get preferential treatment.

Posted by: deadrody at March 21, 2023 11:26 AM (kYmXc)

113 109 A regional bank that specializes in oil services? Do you think the Biden junta will bail them out?
Posted by: CharlieBrown'sDildo at March 21, 2023 11:20 AM (XIJ/X)
++++
Yeah, probably. History indicates that everyone gets bailed out.
Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:26 AM (t0OGg)

========

Our elites love Domino Theory.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:26 AM (LvTSG)

114 110 Despite only being 7% of the population of SF, the diabolical Republican's stymie achieving utopia yet again.
Posted by: Chuck Martel at March 21, 2023 11:26 AM (fs1hN)

========

Send them to the gulags.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:27 AM (LvTSG)

115 "Amanda Bynes found roaming the streets naked…"

Beware falling bongs.

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 11:27 AM (MvF+J)

116 Since nefarious intentions is the soup de jour these days, I assume this whole banking crisis is a way to both simultaneously consolidate monies into the largest banks (failure over 250k FDIC protection warrants going with the 'too large to fail' banks and the usher in the global digital currency which will completely rewrite everything as all you do is controlled, track and weighed against your social credit score and ESG rating.

Posted by: AlaBAMA at March 21, 2023 11:27 AM (Fwhqy)

117 112 It also doesn't help that this sets up an incentive system where if you suck up to the permanent government bureaucracy - IE DEMOCRATS - you get preferential treatment.
Posted by: deadrody at March 21, 2023 11:26 AM (kYmXc)

That's the core of fascism.

Posted by: sniffybigtoe at March 21, 2023 11:27 AM (UuD2k)

118 It's one of the most curious forms of failure theater I've seen.

It not only has no chance of passage, but it's a massive, personal promise. This isn't, "We'll repeal the ACA," this is, "I'm going to give you $5 million personally...Psyche!"

And in farking San Francisco that doesn't need to worry about electoral outcomes in the least. This is the future of the Democrat Party.
Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:24 AM (LvTSG)

This is a personal promise made without the necessary counterbalance of an opposition party that failure theater relies upon.

Who do they plan to make the bad guys here?

I don't think the leaders of this movement consider it failure theater. I legit think they believe the answer is, "Fuck you, pay me."

Posted by: The Central Scrutinizer at March 21, 2023 11:27 AM (KbCG3)

119 So this scheme will cost at least 9.4x the gross receipts (that is, all revenue) for the city over the first five years, assuming no other assumptions change. That much can't be borrowed, nor can it be raised. This is never going to happen. This is wokist failure theater.
Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:23 AM (t0OGg)

It's a tragic comedy to watch. Especially with the stupid bints who stand up crying "It isn't enough!!!!". And CA didn't allow slavery to begin with.

The fun will begin when if/when the idea of reparations is totally shot down and they get nothing. Could be on the scale of cutting off EBT cards.

Posted by: Our Country is Screwed at March 21, 2023 11:27 AM (N39Ws)

120 You mean Janet and her Deep State buddies are gonna change the rules just like that and fuck non-democrat controlled banks and their depositors in the ass?

Must be nice...

Posted by: Hairyback Guy at March 21, 2023 11:27 AM (OgB1i)

121 118 Who do they plan to make the bad guys here?

I don't think the leaders of this movement consider it failure theater. I legit think they believe the answer is, "Fuck you, pay me."
Posted by: The Central Scrutinizer at March 21, 2023 11:27 AM (KbCG3)

========

They may end up eating Nancy Pelosi because of this.

I applaud.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:28 AM (LvTSG)

122 Even a regional bank that services non-woke customers will have at least "some" woke customers. Those banks, should they need a bail-out will either get them because of the woke customers or won't. If they don't those woke customers are going to demand answers and might just question their own stance on things should they lose monies.

Now, if there's an implication that only the woke customers would benefit from a bail-out then I think things will get very, very sporty.

Posted by: Martini Farmer at March 21, 2023 11:28 AM (Q4IgG)

123 Over/under on the number of demands from McCarthy/Jordan today? I say at least 6.

Posted by: Maj. Healey at March 21, 2023 11:28 AM (DMyTF)

124 Pull my finger.

Posted by: The Invisible Hand at March 21, 2023 11:28 AM (yQpMk)

125 And in farking San Francisco that doesn't need to worry about electoral outcomes in the least. This is the future of the Democrat Party.
Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:24 AM (LvTSG)
++++
They don't have to worry, nor do they have to worry about losing the black votes. Blacks make up about 5% of San Fracisco's population. Big enough to make noise, small enough to use as a pawn. They would never try to run this insane play in, say, Baltimore, where the black population is 60%+.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:28 AM (t0OGg)

126 Yellen only makes Shit Sandwiches for her employers.

Posted by: Pudinhead at March 21, 2023 11:29 AM (4eKPg)

127 1. Promise $5million. 2. Fail to deliver $5million. 3. Blame political obstruction.

Posted by: davidt at March 21, 2023 11:29 AM (SYTee)

128 Hey, some people CAN time the market.
----------
Like me!

Posted by: jim kramer, financial genius at March 21, 2023 11:29 AM (Vwz3I)

129 125 They don't have to worry, nor do they have to worry about losing the black votes. Blacks make up about 5% of San Fracisco's population. Big enough to make noise, small enough to use as a pawn. They would never try to run this insane play in, say, Baltimore, where the black population is 60%+.
Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:28 AM (t0OGg)

========

They're not going to pay with lost votes, but I could see some segment of the activist black community, perhaps aided by antifa, beginning to burn the wrong parts of San Francisco because of the broken promise.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:29 AM (LvTSG)

130 Could we replace Yellen with a waitress from a 1950s Jewish delicatessen? At least we could be sure she's not already compromised.

Posted by: Dr. Claw at March 21, 2023 11:30 AM (qVln6)

131 They may end up eating Nancy Pelosi because of this.

I applaud.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:28 AM (LvTSG)

If we thought the Trump-Desantis wars were something, just wait until The Squad decides to go nuclear on reality. Nancy will be begging for hammer-laden intruders.

Posted by: The Central Scrutinizer at March 21, 2023 11:30 AM (KbCG3)

132 They would never try to run this insane play in, say, Baltimore, where the black population is 60%+.
____

Best we can do is a nickel.

Posted by: Baltimore Finances at March 21, 2023 11:30 AM (fs1hN)

133 They're not going to pay with lost votes, but I could see some segment of the activist black community, perhaps aided by antifa, beginning to burn the wrong parts of San Francisco because of the broken promise.
Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:29 AM (LvTSG)
++++
I doubt it, but it would be well-earned.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:30 AM (t0OGg)

134 So this scheme will cost at least 9.4x the gross receipts (that is, all revenue) for the city over the first five years, assuming no other assumptions change. That much can't be borrowed, nor can it be raised. This is never going to happen. This is wokist failure theater.
Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:23 AM

Imagine the mostly peaceful riots when they don't get their check.

Posted by: Minnfidel at March 21, 2023 11:31 AM (GDJBM)

135 131 If we thought the Trump-Desantis wars were something, just wait until The Squad decides to go nuclear on reality. Nancy will be begging for hammer-laden intruders.

Posted by: The Central Scrutinizer at March 21, 2023 11:30 AM (KbCG3)

========

The Squad in Congress is both a paper tiger and tool of the Establishment. They are fundraising tools and nothing else.

However, the radicals filling out government positions throughout California because of one-party rule for decades? They're not quite the same thing. They're a bit more along the lines of true believers.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:31 AM (LvTSG)

136 JJ posted 1 piece from Wayne Allyn Root. But I wasn't sure if he linked this one in the last couple days:
By Arresting Trump, Democrats Want Either Civil War, Martial Law, or Another January 6th. Here is the Strategy to Protect Trump and Save America- without Ever Risking your Life or Arrest
https://tinyurl.com/5xjdhjne
Basically he states: THE NATIONAL PATRIOT STRIKE. If Trump is arrested, just as I've counseled for two years now, our response must be: No violence, no civil war. We can't risk another January 6- where we are framed and painted as violent terrorists or "insurrectionists." This is the perfect time for a National Patriots Strike. We can stay safely in our homes & shut this nation down for the weekend after Trump's arrest. We can grind the economy to a halt for one weekend. We can bring the Biden government, DC Swamp & Deep State to its knees. Call it the "Trump Flu." Remember, conservative patriots do most of the work in this country and pay most of the taxes. This is also how we starve government- no shopping or buying means no tax revenue

Posted by: artisanal ette at March 21, 2023 11:31 AM (uQPen)

137 "SVB had the deposits for every shitlib company in CA and most "green energy" firms. The left probably shit a brick when it went tits up. "

That is what Yeltisn was talking about when she said bailouts only when they pose systemic risk. Their system.

Posted by: Ripley at March 21, 2023 11:32 AM (cUYo/)

138 SF will recoup a lot of the reparations money thru increased lottery ticket sales, and increased sales taxes on cannabis and bling merch.

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 11:32 AM (MvF+J)

139 Hasn't Nanzi and Paul sought refuge in DeSantis' kingdom?

Posted by: Pudinhead at March 21, 2023 11:32 AM (4eKPg)

140 Caravans gathering in the east of black people heading west to California on dreams of striking it rich...

---------

Out: Grapes of Wrath.
In: Rapes of Wrath.

Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 21, 2023 11:32 AM (FMQfH)

141 Imagine the mostly peaceful riots when they don't get their check.
Posted by: Minnfidel

Be a shame if they spread to the San Jose area. A real shame.

Posted by: Maj. Healey at March 21, 2023 11:33 AM (DMyTF)

142
Out: Grapes of Wrath.
In: Rapes of ~~Wrath~~ Graft.

---------

FIFM.

Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 21, 2023 11:33 AM (FMQfH)

143 Yellen bothers me more than many of the Junta idiots. She appears to have stumbled into destroying community banks by accident, making policy on the fly while testifying in front of Congress.

In any other time in modern American history, this incredible error would have made massive news. But with every other thing going wrong in every arena of politics and policy, this just passed beneath notice.

Posted by: Huck Follywood at March 21, 2023 11:33 AM (tJD8X)

144
That is what Yeltisn was talking about when she said bailouts only when they pose systemic risk. Their system.
---------------
The term is "Our Democracy." You're not invited to the party.

Posted by: Pudinhead at March 21, 2023 11:33 AM (4eKPg)

145 The Squad in Congress is both a paper tiger and tool of the Establishment. They are fundraising tools and nothing else.

However, the radicals filling out government positions throughout California because of one-party rule for decades? They're not quite the same thing. They're a bit more along the lines of true believers.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:31 AM (LvTSG)

When push comes to shove, The Squad will side with the radicals. They're far more in line with Cali's true believers than they are with the Schumers of life.

Posted by: The Central Scrutinizer at March 21, 2023 11:34 AM (KbCG3)

146 "...the Fed board, and I, in consultation with the president, determine that the failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences,”

Would that be misappropriation, disappropriation, or malappropriation?
....assuming Congress didn't appropriate the money in bill signed by POTUS (actual or acting) because we know it sure was not.

Posted by: Itinerant Alley Butcher at March 21, 2023 11:34 AM (1leaF)

147 8 ball says, Marshall Law.

Posted by: humphreyrobot at March 21, 2023 11:34 AM (VZPAA)

148 55 51 Caravans gathering in the east of black people heading west to California on dreams of striking it rich...

Hilarious. Current Year is awesome.

Maybe in a hundred years they'll have a sportsball team named after them. The Twenty-Three'ers.
Posted by: Warai-otoko at March 21, 2023 11:12 AM (9UlRk)

The new Gold Rush…..

Posted by: tubal at March 21, 2023 11:13 AM (PCK5/)
----
I read that last line as 'The New Gold Tush ....' and I thought 'Finally we're getting to the bottom of things.'
Now spank me!

Posted by: The Nates of Every Man at March 21, 2023 11:34 AM (qfLjt)

149 Do we need to send 'Hot Sauce' to the cannibals of San Fran to get this picnic started?

Posted by: Pudinhead at March 21, 2023 11:35 AM (4eKPg)

150 They would never try to run this insane play in, say, Baltimore, where the black population is 60%+.

I'm astonished that they haven't run a reparations scam in Oregon yet, with its 2% black population.

Oh, and racism, racism, racism is the only reason why Oregon is 2% black.

Posted by: An Idiot In Arizona! at March 21, 2023 11:35 AM (2tUFv)

151 137 This is Yeltsin was talking about

We hired that drunkard to run the Treasury? No wonder we’re screwed,

Posted by: Bulgaroctonus at March 21, 2023 11:35 AM (ohFNB)

152 Everyone should do this. Not for all their money, but for at least one month's expenses, three months if you can manage it. In cash, in your possession. It isn't just corruption and criminality in the banking system, it's also tech fragility and other systemic risks. Having cash in case your bank fails, the internet goes down, you end up without power for a week or more, etc. is fairly important.
Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:25 AM (t0OGg)

you can get fireproof pouches or attache-style safes with handles to protect and quickly grab and go with too

Posted by: artisanal ette at March 21, 2023 11:35 AM (uQPen)

153 If bitcoin is a scam, what are the banks?

Posted by: ... at March 21, 2023 11:35 AM (OnDnh)

154 That is what Yeltisn was talking about when she said bailouts only when they pose systemic risk. Their system.
Posted by: Ripley at March 21, 2023 11:32 AM (cUYo/)
++++
And helping to make sure that their system operators who are reckless and stupid don't pay for that reckless stupidity.

Great example: Roku, Inc. Roku makes smart TV set-top boxes and their technology is found in some single-unity smart TVs. I use Roku and like it (once you quash the crazy telemetry it sends home).

But Roku is a real company, and is profitable. They have about $2 billion in cash and equivalents. A staggering $450 million of their money was in SVB. Nearly a quarter of their free liquid capital was in *one* bank. This is reckless from a risk management standpoint and they will bailed out of that recklessness.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:35 AM (t0OGg)

155 Not All Uninsured Deposits Will Be Government-Protected in Future Bank Failures

*********

At the checkout lane in the supermarket you can tell which kids know their mom doesn't mean it when she says, "The next time you throw a tantrum you're really going to be in trouble, young man!"

The kids whose moms mean it aren't having tantrums.

Posted by: Muldoon at March 21, 2023 11:35 AM (ykeLU)

156 why Oregon is 2% black.

Posted by: An Idiot In Arizona! at March 21, 2023 11:35 AM (2tUFv)

I always heard Oregon is the New Black

Posted by: ... at March 21, 2023 11:36 AM (OnDnh)

157 Janet Yellen sounds like someone's ditzy grandma...."Hey youngsters, I just made some brownies, would you like one?"
Thank goodness she's not in some position of real power

Posted by: ziggggeeee at March 21, 2023 11:36 AM (bqpVo)

158 147 8 ball says, Marshall Law.

Posted by: humphreyrobot at March 21, 2023 11:34 AM (VZPAA)
----
Did you mean Martial Law?

Posted by: The Nates of Every Man are burning at March 21, 2023 11:37 AM (qfLjt)

159 Would that be misappropriation, disappropriation, or malappropriation?
....assuming Congress didn't appropriate the money in bill signed by POTUS (actual or acting) because we know it sure was not.
Posted by: Itinerant Alley Butcher at March 21, 2023 11:34 AM (1leaF)
++++
But we're post-law, so...

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:37 AM (t0OGg)

160 Would the big cities be able to exist without big banks?

The cities divide the culture and ruin the country.

Now you see the two biggest reasons the Democrats feverishly support the biggest of big banks.

We should be doing all we can to destroy the big banks.

Note very, very well that not one Republican has even hinted at this. You know if there was an opposite situation, the Democrats would already have a bill introduced.

Posted by: People's Hippo Voice at March 21, 2023 11:37 AM (Xt3H6)

161 You want more Mason jars buried in back yards? This is how you get more Mason jars buried in back yards.

They'd better be filled with gold or ammo. Any paper money in there will be worthless by the time you take it out.

Posted by: Oddbob at March 21, 2023 11:37 AM (nfrXX)

162 If you don't bail us out we're going to hold our breaths until all the trans pre-teens commit suicide and it will be your fault! Why do you want to erase children?

/Silicon Valley Bank, probably

Posted by: Muldoon at March 21, 2023 11:38 AM (ykeLU)

163 "The term is "Our Democracy." You're not invited to the party.

Posted by: Pudinhead "

My mistake. I wonder how I can us that phrase to jump lines at clubs and restaurants?

Posted by: Ripley at March 21, 2023 11:38 AM (cUYo/)

164 Oh, and racism, racism, racism is the only reason why Oregon is 2% black.
-----------------
They had a very strong KKK back in the 1920s. But so did NY, PA, OH, MI, IL, IN and NJ. This was the zenith of the Klan.

Posted by: Pudinhead at March 21, 2023 11:38 AM (4eKPg)

165 CCSU can't handle the truth, but you guys can. "The Greatest Lie Ever Sold: George Floyd and the Rise of BLM:"
youtube.com/watch?v=rDt1KXo235A

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 11:38 AM (MvF+J)

166 Janet Yellen destroys community banks without any apparent forethought.

https://tinyurl.com/mw9ymazk

Posted by: Huck Follywood at March 21, 2023 11:38 AM (tJD8X)

167 Yeltsin autocorrect.

Posted by: andycanuck (Vwz3I) at March 21, 2023 11:38 AM (Vwz3I)

168 They'd better be filled with gold or ammo. Any paper money in there will be worthless by the time you take it out.

*******

Not if you bury it next to your slit trench. IYKWIM

Posted by: Muldoon at March 21, 2023 11:39 AM (ykeLU)

169 Having cash in case your bank fails, the internet goes down, you end up without power for a week or more, etc. is fairly important.
Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:25 AM (t0OGg)
you can get fireproof pouches or attache-style safes with handles to protect and quickly grab and go with too
Posted by: artisanal ette at March 21, 2023 11:35 AM (uQPen)

I have all my money in a mattress.

Posted by: Ravadem Patel at March 21, 2023 11:39 AM (OgB1i)

170 167 Yeltsin autocorrect.
Posted by: andycanuck (Vwz3I) at March 21, 2023 11:38 AM (Vwz3I)

I'd trust him more than Yellen

Posted by: It's me donna at March 21, 2023 11:39 AM (bs+z0)

171 I've never seen Yellen giggle.

Posted by: Bertram Cabot, Jr. at March 21, 2023 11:39 AM (63Dwl)

172 Janet Yellen destroys community banks without any apparent forethought.

https://tinyurl.com/mw9ymazk
Posted by: Huck Follywood at March 21, 2023 11:38 AM (tJD8X)
++++
Maybe there was forethought, maybe there wasn't. It doesn't matter. The outcome is desirable.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:39 AM (t0OGg)

173 We have "valuables" including cash, silver, gold and a handgun with ammo in a lockbox.

If we have to evac... like last year when there was a tornado, it goes with us.

Posted by: Martini Farmer at March 21, 2023 11:40 AM (Q4IgG)

174 $97k income for 250 years is $24.25 million.
Median SF home price is $1.32 million.

So the per-person cost comes to about $6.8 million per head *before* debt and tax subsidies. There are about 41,575 black people in San Francisco. So the minimum 5-year total cost is about $282.7 billion. San Francisco's gross tax receipts are about $6 billion per year, or $30 billion over five years.

So this scheme will cost at least 9.4x the gross receipts (that is, all revenue) for the city over the first five years, assuming no other assumptions change. That much can't be borrowed, nor can it be raised. This is never going to happen. This is wokist failure theater.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:23 AM (t0OGg)
------------
"Not to worry, comrade -- the State of California will bail-out the City of San Francisco, and then President Newsom will use his pen, phone, and the US Treasury to bail-out the State of California!"

Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 21, 2023 11:40 AM (FMQfH)

175 153 If bitcoin is a scam, what are the banks?
------------------
Their crypto will be special for some reason.

Posted by: Pudinhead at March 21, 2023 11:40 AM (4eKPg)

176 "Not to worry, comrade -- the State of California will bail-out the City of San Francisco, and then President Newsom will use his pen, phone, and the US Treasury to bail-out the State of California!"
-----------------
My bet is IL goes bankrupt first and gets a bailout. Then NY and CA are fucked.

Posted by: Pudinhead at March 21, 2023 11:41 AM (4eKPg)

177 If bitcoin is a scam, what are the banks?
Posted by: ... at March 21, 2023 11:35 AM (OnDnh)
++++
Crooks.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:41 AM (t0OGg)

178 Hey, some people CAN time the market. Just because no one who dedicates their every waking hour to doing so has been successful with this strategy doesn't mean a full-time member of the government can't be.
Posted by: The Central Scrutinizer at March 21, 2023 11:22 AM (KbCG3)

The usual caveat is 'over the long term'. I've been killing shorting and then cashing in any rally over the last two months so it is possible in the short run for sure.

Posted by: G'rump928(c) at March 21, 2023 11:41 AM (yQpMk)

179 If bitcoin is a scam, what are the banks?
----
Scams with government sprinkles.

Shit tastes better with candy sprinkles.

Posted by: People's Hippo Voice at March 21, 2023 11:42 AM (Xt3H6)

180 143 Yellen bothers me more than many of the Junta idiots. She appears to have stumbled into destroying community banks by accident, making policy on the fly while testifying in front of Congress . . .

Posted by: Huck Follywood
_____________

I don't think ol' Volleyball Head did it by accident. It was a great way for her to help Wall Street buy up community banks at a huge discount.

She may be stupid, but she's evil.

Posted by: Kam Fong as Chin Ho at March 21, 2023 11:42 AM (gf7Ez)

181 At least Yeltsin would spend the Treasury money on something useful, like vodka.

Posted by: Bulgaroctonus at March 21, 2023 11:42 AM (ohFNB)

182 171 I've never seen Yellen giggle.
----------------
She snorts and roots.

Posted by: Pudinhead at March 21, 2023 11:42 AM (4eKPg)

183
This is the perfect time for a National Patriots Strike. We can stay safely in our homes & shut this nation down for the weekend after Trump's arrest.

But I just have to go to the basketball game and the restaurant!

Posted by: Average Bob at March 21, 2023 11:43 AM (63Dwl)

184 "Not to worry, comrade -- the State of California will bail-out the City of San Francisco, and then President Newsom will use his pen, phone, and the US Treasury to bail-out the State of California!"
Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 21, 2023 11:40 AM (FMQfH)

Reports are Newsome is under pressure to do Calif State wide reparations, via executive action....

Posted by: Romeo13 at March 21, 2023 11:44 AM (oHd/0)

185 Found a fascinating WaPo column (Copyright 1998 The Washington Post Company) from decades ago entitled Campaign Finance. It begins -

Overview: In late 1996, a Justice Department task force started investigating allegations of campaign fund-raising abuses by the Clinton reelection campaign. Critics accused Attorney General Jacet Reno of botching the investigation and demanded that she appoint an independent counsel. In a Dec. 3, 1997, Post story, Roberto Suro wrote about Reno's decision not to appoint an inependent counsel to investigate telephone fund-raising by President Clinton and Vice President Gore. See Reno Decides Against Independent Counsel to Probe Clinton, Gore.

The last in this series appears to be Chinese Embassy Role in Contributions Probed, February 13, 1997. A Justice Department investigation has uncovered evidence that representatives of the People's Republic of China sought to direct contributions from foreign sources to the Democratic National Committee before the 1996 presidential campaign.

Fine journalism, article after article.

Posted by: Lola - free Jacob Chansley at March 21, 2023 11:44 AM (GshMh)

186 BTC is great, as long as you have electricity, working internet and access to it, a govt that won't block BTC transaction packets, and hackers haven't broken blockchain tech yet.

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 11:45 AM (MvF+J)

187 184 Reports are Newsome is under pressure to do Calif State wide reparations, via executive action....
Posted by: Romeo13 at March 21, 2023 11:44 AM (oHd/0)

=========

If he doesn't do it, then he's a racist and the activist left should target him for political destruction.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:45 AM (LvTSG)

188 We should be doing all we can to destroy the big banks.

---------

Make Hamilton's "The First Bank of the United States" Great Again!

/You're right, of course, but they're out to destroy all small- and mid-sized banks so that we end up with ~~five big banks, then three big banks, and then~~ one super-large big bank.

Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 21, 2023 11:45 AM (FMQfH)

189 MSN has National Retards Online in your feed if you are not a communist.

Ask Jonah Gillberg why he wanted Joey Plugz in charge.

Posted by: sven at March 21, 2023 11:45 AM (Lzpvj)

190 Let's throw Sam Bankman-Fraud into a Volcano and see what happens?

Posted by: Pudinhead at March 21, 2023 11:46 AM (4eKPg)

191 190 Let's throw Sam Bankman-Fraud into a Volcano and see what happens?
Posted by: Pudinhead at March 21, 2023 11:46 AM (4eKPg)

=======

*sips orange soda*

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:47 AM (LvTSG)

192 /You're right, of course, but they're out to destroy all small- and mid-sized banks so that we end up with five big banks, then three big banks, and then one super-large big bank.
Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 21, 2023 11:45 AM (FMQfH)
++++
The only to protect all egg-holders from risk is to pool those risks by putting all eggs belonging to all egg-holders into one well-regulated basket!

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:47 AM (t0OGg)

193 Reports are Newsome is under pressure to do Calif State wide reparations, via executive action....

Posted by: Romeo13 at March 21, 2023 11:44 AM (oHd/0)

---------

If he doesn't include all hispanics, including illegal aliens, we may get to witness the Mother of All Race Wars.

Long popcorn ...

Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 21, 2023 11:47 AM (FMQfH)

194 Do American Indians like this new religion?

Posted by: humphreyrobot at March 21, 2023 11:47 AM (VZPAA)

195 187 Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:45 AM (LvTSG)

Why won't you racists tax all non blacks to the tune of 600,000 to buy Colon Kaperdick's loyalty?

Posted by: sven at March 21, 2023 11:47 AM (Lzpvj)

196 Reports are Newsome is under pressure to do Calif State wide reparations, via executive action....
___

Anyone check in with the Mexicans on this? Or are they next on the reparations list?

Posted by: Chuck Martel at March 21, 2023 11:47 AM (fs1hN)

197 30. Or wh*res.

Posted by: Lola - free Jacob Chansley at March 21, 2023 11:47 AM (GshMh)

198 190 this is as solid a plan as any of the ones are supposed leaders are coming up with.

Posted by: Piper at March 21, 2023 11:47 AM (ZdaMQ)

199 190 Let's throw Sam Bankman-Fraud into a Volcano and see what happens?
Posted by: Pudinhead
_____________

What's up with Sam's hawt girlfriend? I miss seeing her picture in the news. What a charmer.

Posted by: Kam Fong as Chin Ho at March 21, 2023 11:48 AM (gf7Ez)

200 One bright spot. The POC influx of reparation-seekers can return all the empty U-Hauls that have exited California in the last 5-7 years. Then more tax-paying, productive folks can rent the trucks and continue to leave. Only grifters and illegals will remain.

Posted by: Win-Win at March 21, 2023 11:48 AM (wrJpE)

201 Thou shalt not continue kicking the can down the road because the road shall end.
Posted by: AlaBAMA

********

I am reliably informed by Robert Earl Keen that the road goes on forever.

And the party never ends.

Posted by: Muldoon at March 21, 2023 11:48 AM (ykeLU)

202 If he doesn't include all hispanics, including illegal aliens, we may get to witness the Mother of All Race Wars.

Long popcorn ...
--------------------
I just remembered I have 3% Neanderthal in my DNA. Man am I gonna get some sweet reparations.

Posted by: Pudinhead at March 21, 2023 11:49 AM (4eKPg)

203 So this scheme will cost at least 9.4x the gross receipts (that is, all revenue) for the city over the first five years, assuming no other assumptions change. That much can't be borrowed, nor can it be raised. This is never going to happen. This is wokist failure theater.
Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:23 AM (t0OGg)

Hold my beer. -- Yanet Jellen

Posted by: I used to have a different nic at March 21, 2023 11:49 AM (GYIa4)

204 201 I am reliably informed by Robert Earl Keen that the road goes on forever.

And the party never ends.
Posted by: Muldoon at March 21, 2023 11:48 AM (ykeLU)

=========

The party don't stop:

https://www.youtube.com/watch?v=42hLntSxUeM

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:49 AM (LvTSG)

205 "What's up with Sam's hawt girlfriend?"

Celebrating Fourier's birthday.

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 11:49 AM (MvF+J)

206 202 Posted by: Pudinhead at March 21, 2023 11:49 AM (4eKPg)

RFN, you owe him big time.

Posted by: sven at March 21, 2023 11:49 AM (Lzpvj)

207 Former Child Star Amanda Bynes Found Wandering Naked In LA, Placed On Psychiatric Hold

These are our betters! While Bynes is probably -- probably? -- an extreme case, I am 100% convinced that 90% of Hollywood and the entertainment industry are dim-witted, barely functioning members of society, and many are straight-up mentally ill.

There's a reason for all of history up until maybe 100 years ago actors were treated like $2 whores. Because they are.

https://tinyurl.com/263wemzz

Posted by: Elric Blade at March 21, 2023 11:50 AM (iFTx/)

208 BTC is great, as long as you have electricity, working internet and access to it, a govt that won't block BTC transaction packets, and hackers haven't broken blockchain tech yet.

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 11:45 AM (MvF+J)

-----------

"Let them eat their digital wallets!"

/Anybody who doesn't understand that all countries will eventually criminalize cryto- and all other digital-currencies -- except the ones they impose on their sheeple (as is currently being attempted now in something like 20+ U.S. States) -- doesn't understand governments at all.

Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 21, 2023 11:50 AM (FMQfH)

209 >This is a personal promise made without the necessary counterbalance of an opposition party that failure theater relies upon.

Who do they plan to make the bad guys here?
Posted by: The Central Scrutinizer at March 21, 2023 11:27 AM (KbCG3)

The rest of the country, for refusing to make up the budget shortfall for this extravagant giveaway to a relatively small population in one city.

Posted by: Dworkin Barimen at March 21, 2023 11:50 AM (mGabY)

210 We should put out an ad campaign that states blacks who get a California drivers license before June 15th will receive $5 MILLION in reparations, each!

Posted by: Pudinhead at March 21, 2023 11:50 AM (4eKPg)

211 Is it just me and my obvious bias but doesn't Yellen sound like an actual idiot when she speaks?

Every time I hear her give some update, I'm shocked at how stupid she sounds.

Posted by: Seems Legit at March 21, 2023 11:50 AM (DcKNO)

212 207 Pics or GTFO.

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 11:51 AM (MvF+J)

213 207 There's a reason for all of history up until maybe 100 years ago actors were treated like $2 whores. Because they are.

https://tinyurl.com/263wemzz
Posted by: Elric Blade at March 21, 2023 11:50 AM (iFTx/)

========

Bynes came up through the Nickelodeon machine and was definitely abused by producers.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:51 AM (LvTSG)

214 The usual caveat is 'over the long term'. I've been killing shorting and then cashing in any rally over the last two months so it is possible in the short run for sure.
Posted by: G'rump928(c) at March 21, 2023 11:41 AM (yQpMk)

Money, once created, is never destroyed. It just moves (flows) elsewhere).

Even in a loan default situation, the money has already been spent, and is thus already in the system... its just the bank does not get its money back.

A stock going down in the market means that people are moving their money out of that stock, and putting it somewhere else...

Posted by: Romeo13 at March 21, 2023 11:51 AM (oHd/0)

215 Let's throw Sam Bankman-Fraud into a Volcano and see what happens?

********

That's odd. Sam never has aa second cup of ~~java~~ lava when we're at home.

/SBG's hawt girlfriend

Posted by: Muldoon at March 21, 2023 11:52 AM (ykeLU)

216 You can't be cynical enough about your place in the American "meritocracy" at this point in history. Justice, banking, healthcare, media, education, energy, etc. isn't for YOUR benefit--it's for someone who paid more than you to grift the systems.

Posted by: MikeG at March 21, 2023 11:52 AM (VsUo2)

217 With all of these desperate people moving to California it may tip over - Hank Johnson

Posted by: Maj. Healey at March 21, 2023 11:52 AM (DMyTF)

218 212 Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 11:51 AM (MvF+J)

You don't really want pics...

trust Sven on this.

Posted by: sven at March 21, 2023 11:53 AM (Lzpvj)

219 Every time I hear her give some update, I'm shocked at how stupid she sounds.
--------------
She's from Manhattan. They all sound that way.

Posted by: Pudinhead at March 21, 2023 11:53 AM (4eKPg)

220 We should put out an ad campaign that states blacks who get a California drivers license before June 15th will receive $5 MILLION in reparations, each!

Give that idea to 4chan, they'll do the rest.

Posted by: Blanco Basura - Z28.310 at March 21, 2023 11:53 AM (Bd6X8)

221 @192

>>The only to protect all egg-holders from risk is to pool those risks by putting all eggs belonging to all egg-holders into one well-regulated basket!

Or alternatively...

Tell me you're nationalizing the banking system without telling me you're nationalizing the banking system.

Posted by: Thomas Bender at March 21, 2023 11:53 AM (sm3rd)

222 Ace "quoted" Fetterman's wife yesterday as saying she has cute feet. Does she?

Posted by: Wolfus Aurelius, Dreaming of Elsewhere at March 21, 2023 11:54 AM (J2vNu)

223 > Reports are Newsome is under pressure to do Calif State wide reparations, via executive action....
_____________

Hope he goes all in.

The results will be amazeballs.

Posted by: Martini Farmer at March 21, 2023 11:54 AM (Q4IgG)

224 Amanda Bynes worked at Nickelodeon for years as a child. I have NO doubts that she was molested by the freaks that were running Nickelodeon and her shows. I think she had two shows. There have been two writers/directors there that I know were Pedos.

She was a victim of a stage mom and pedos running these studios. No wonder she's a drugged-out mess.

Posted by: Seems Legit at March 21, 2023 11:54 AM (DcKNO)

225
I am reliably informed by Robert Earl Keen that the road goes on forever.

77 Mobius Strip

Posted by: Bertram Cabot, Jr. at March 21, 2023 11:54 AM (63Dwl)

226 222 Ace "quoted" Fetterman's wife yesterday as saying she has cute feet. Does she?
Posted by: Wolfus Aurelius, Dreaming of Elsewhere at March 21, 2023 11:54 AM (J2vNu)

==========

"He's asking for a friend."
-Quentin Tarantino

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:54 AM (LvTSG)

227 196 Reports are Newsome is under pressure to do Calif State wide reparations, via executive action....
___

Anyone check in with the Mexicans on this? Or are they next on the reparations list?
___

meaning Mexican-Californians. The race based gang wars in LA would get sporty if all of a sudden the black gangs can afford significant upgrades in weaponry thanks to the reparations.

Posted by: Chuck Martel at March 21, 2023 11:54 AM (fs1hN)

228 Bailouts today. Bailouts tomorrow. Bailouts forever.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:03 AM

I like the way you think. We welcome you to Panem.

Posted by: President Snow at March 21, 2023 11:54 AM (Do5/p)

229 "The term is "Our Democracy." You're not invited to the party."

and the "funny" part is that their base is hit hardest. Or at least to the point that the poorer people still vote 110% Dem. It is those worth millions that play in leverage that get the biggest bailout advantage.

Posted by: illiniwek at March 21, 2023 11:54 AM (Cus5s)

230 Money, once created, is never destroyed. It just moves (flows) elsewhere). ...
Posted by: Romeo13 at March 21, 2023 11:51 AM (oHd/0)
++++
Except during Quantitative Tightening (QT), of which a small amount is occurring.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:54 AM (t0OGg)

231 228 I like the way you think. We welcome you to Panem.
Posted by: President Snow at March 21, 2023 11:54 AM (Do5/p)

=======

Read the first chapter of the prequel last night that describes his rise to power.

I am curious and would like to know more.

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:55 AM (LvTSG)

232 The First National Bank of Washington… you know they want it.

Posted by: tubal at March 21, 2023 11:55 AM (PCK5/)

233 Yellen rhymes with felon

Posted by: ... at March 21, 2023 11:56 AM (z3vEJ)

234 But I just have to go to the basketball game and the restaurant!
Posted by: Average Bob at March 21, 2023

***
Still taking those all-natural male enhancement pills, Bob?

Posted by: Wolfus Aurelius, Dreaming of Elsewhere at March 21, 2023 11:56 AM (J2vNu)

235 T-5 minutes to the Criterion flash sale...

Posted by: TheJamesMadison, being witty and sophisticated with Ernst Lubitsch at March 21, 2023 11:56 AM (LvTSG)

236
These are our betters! While Bynes is probably -- probably? -- an extreme case, I am 100% convinced that 90% of Hollywood and the entertainment industry are dim-witted, barely functioning members of society, and many are straight-up mentally ill.

There's a reason for all of history up until maybe 100 years ago actors were treated like $2 whores. Because they are.

https://tinyurl.com/263wemzz
Posted by: Elric Blade at March 21, 2023 11:50 AM (iFTx/)

If not for their crazy high incomes they would not be able to function in normal society.

Posted by: N. Lurker at March 21, 2023 11:56 AM (eGTCV)

237 218 I'm smitten by Caroline because she's a bonafide female math geek. Everything else about her is just icing on the cake. If I ever find out where she's imprisoned, I'm def writing letters to her.

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 11:56 AM (MvF+J)

238 Do those who are a percentage of Black get just that percentage?

Posted by: Skip at March 21, 2023 11:56 AM (KPgsx)

239 237 Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 11:56 AM (MvF+J)

America's sweetheart, now microdosed for your infection.

Posted by: sven at March 21, 2023 11:57 AM (Lzpvj)

240 Every time I hear her give some update, I'm shocked at how stupid she sounds.
--------------
She's from Manhattan. They all sound that way.
Posted by: Pudinhead

Last reported net worth 20mil... she knows where/how to milk the system she helped create. She is also rewarded for doing so.

Posted by: AZ deplorable moron at March 21, 2023 11:57 AM (P5tqd)

241 239 LOL!

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 11:57 AM (MvF+J)

242 >>207 Former Child Star Amanda Bynes Found Wandering Naked In LA, Placed On Psychiatric Hold

I'm here to provide her some much needed therapy.

Posted by: Maj. Healey at March 21, 2023 11:57 AM (DMyTF)

243 238 Do those who are a percentage of Black get just that percentage?
____

For the record, I'm 100%

Posted by: Shaun Talcum X King at March 21, 2023 11:57 AM (fs1hN)

244 169 Having cash in case your bank fails, the internet goes down, you end up without power for a week or more, etc. is fairly important.
Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:25 AM (t0OGg)
you can get fireproof pouches or attache-style safes with handles to protect and quickly grab and go with too
Posted by: artisanal ette at March 21, 2023 11:35 AM (uQPen)

I have all my money in a mattress.

I have all of my belongings in a shopping cart.

Posted by: ronalds545 at March 21, 2023 11:57 AM (0R/4L)

245 Re: CA reparations

I think you have to have lived in CA so many years. 5 I think.

Posted by: Seems Legit at March 21, 2023 11:57 AM (DcKNO)

246 238 Do those who are a percentage of Black get just that percentage?
Posted by: Skip at March 21, 2023 11:56 AM (KPgsx)

Sliding scale reparations…

Posted by: tubal at March 21, 2023 11:57 AM (PCK5/)

247 If not for their crazy high incomes they would not be able to function in normal society.
Posted by: N. Lurker at March 21, 2023 11:56 AM (eGTCV)
++++
Or, absent their crazy high incomes, they would function okay and be less crazy.

There was some French nobleman whose name I forget who was convinced his bones were made of glass and had iron rods sewn into all of his clothing to protect him so he wouldn't shatter. If he hadn't been in the nobility, that nonsense would never have happened because it couldn't have been afforded. He would either have gone fully insane until he died or was institutionalized, or he would have gotten over it and moved on with his life. The odds are good that the latter would happen.

With no money to pay for this kind of insanity, this kind of insanity happens less often.

Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:58 AM (t0OGg)

248 Amanda Bynes Found Wandering Naked In LA, Placed On Psychiatric Hold

*******

Such a kidder!!

Posted by: Muldoon at March 21, 2023 11:59 AM (ykeLU)

249 @248

>>Such a kidder!!

I know this reference.

Posted by: Thomas Bender at March 21, 2023 12:00 PM (sm3rd)

250 248 Amanda Bynes Found Wandering Naked In LA, Placed On Psychiatric Hold

*******

Such a kidder!!
--------------
She looks like a hump. Maybe she was grazing?

Posted by: Pudinhead at March 21, 2023 12:00 PM (4eKPg)

251 248 The bar on 5150 psychiatric hold in Los Angeles is a very high one indeed. I'm OK with her naked hikes, but her tendency to arson is a bit much.

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 12:01 PM (MvF+J)

252 When I heard Amanda Bynes, I was picturing Amanda Seyfried. Thanks for the links to clear up that mistaken ID.

Posted by: Chuck Martel at March 21, 2023 12:01 PM (fs1hN)

253 nood

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 12:01 PM (MvF+J)

254 She looks like a hump. Maybe she was grazing?
Posted by: Pudinhead at March 21, 2023 12:00 PM (4eKPg)

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You should google what she looked like before the drugs and what I believe is running from the past molestation.

VERY cute girl.

Posted by: Seems Legit at March 21, 2023 12:01 PM (DcKNO)

255 245 Re: CA reparations

I think you have to have lived in CA so many years. 5 I think.
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That would be a very niggardly standard.

Posted by: Pudinhead at March 21, 2023 12:01 PM (4eKPg)

256 Found Wandering Naked In LA

I am Lump

Posted by: Fetterman's Lump at March 21, 2023 12:02 PM (Vu7A1)

257 The Boss is up with a Nood

Posted by: Skip at March 21, 2023 12:02 PM (KPgsx)

258 Reports are Newsome is under pressure to do Calif State wide reparations, via executive action....
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Because the SF move is a game of chicken.
They know they can't pay $5 million etc.

But, they're sure the state will buckle and do, say, $50k and let them claim victory.

Posted by: People's Hippo Voice at March 21, 2023 12:02 PM (Xt3H6)

259 I can't wait to see how the whole SF reparations bill goes up flames (followed by certain neighborhoods) Should make some good entertainment

Posted by: Ripley at March 21, 2023 12:02 PM (cUYo/)

260 The inexplicable thing about Bynes downfall is that appeared to happen very quickly as if she had a bad acid trip that stuck.

Sucks.

Posted by: Thomas Bender at March 21, 2023 12:02 PM (sm3rd)

261 I'm smitten by Caroline because she's a bonafide female math geek. Everything else about her is just icing on the cake. If I ever find out where she's imprisoned, I'm def writing letters to her.

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 11:56 AM (MvF+J)

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Rumor is that she can suck the frequency out of a Fourier Transform.

Posted by: ShainS -- The Abolition of The West is from Men Without Chests at March 21, 2023 12:02 PM (FMQfH)

262 "Rumor is that she can suck the frequency out of a Fourier Transform."

Caroline and I are out here in the frequency domain. Good vibrations. For you guys stuck in the time domain: tick-tock.

Posted by: Keep gp Out Yo MF'n Mouf at March 21, 2023 12:05 PM (MvF+J)

263 Except during Quantitative Tightening (QT), of which a small amount is occurring.
Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:54 AM (t0OGg)

In quantitative tightening the Central Bank SELLS some of its assets... to put back into the market, vice holding them on its balance sheet.

It does not get rid of money created... it just puts those assets back in circulation.

Now, if the Fed would DESTROY some of its $8 Trillion on its balance sheet? OK... but the only entity that can actual get rid of money, is the Fed.

Note, the Fed Balance sheet is assets. It does not cover any CASH the Fed is currently holding itself. There used to be a 'Cash' graph at the Fed, but it was 'discontinued' in 2020...

Posted by: Romeo13 at March 21, 2023 12:13 PM (oHd/0)

264 Maybe there was forethought, maybe there wasn't. It doesn't matter. The outcome is desirable.
Posted by: Joe Mannix (Not a cop!) at March 21, 2023 11:39 AM (t0OGg)
===============
Of course, that is right and it doesn't matter when the result is the consideration. But as an indication of how insanely superficial Janet Yellen is, and the Junta economic policy team is, I'm thinking this tells us a lot.

Posted by: Huck Follywood at March 21, 2023 12:22 PM (WNGDZ)

265 When will they change Spiderman to Spiderperson?

Posted by: Adirondack Patriot at March 21, 2023 12:28 PM (lf83v)

266 "That adds uncertainty to the millions of financial decisions made every day by the individual actors that make up the economy (Adam Smith's "invisible hand")"

It sounds more like you're going for Keynes's animal spirits there.

Smith's invisible hand is price. Forcing supply and demand back to an equilibrium.

Posted by: Sjg at March 21, 2023 01:13 PM (Lstct)

267 It sounds more like you're going for Keynes's animal spirits there.

Smith's invisible hand is price. Forcing supply and demand back to an equilibrium.

Posted by: Sjg at March 21, 2023 01:13 PM (Lstct)

In a true market economy the risk is priced in...thus the reference to Smith.

Posted by: CharlieBrown'sDildo at March 21, 2023 01:31 PM (XIJ/X)

268 Moral Hazard is purposely destroying something because you know it's insured. Like, literally purposely setting fire to it to destroy it on purpose.

MORALE Hazard is not caring if you destroy something, and therefore acting recklessly as a result, because you know it's insured. That's what happened here.

It's an important distinction. The morale hazard aspect of it all is kind of the "fuck it, she's insured, I'm just going to send it" attitude.

Posted by: Goober at March 22, 2023 11:48 AM (Hgvgt)

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