Man, Diktat Newsome got pennies in bribes compared to the BLM (blatant lies massacre ) thieves. That's a burn.
Joe* announced the investors in the bank were going to lose everything, as the Cali & Federal government took over the SVB. ( and subsequent crashes Joe's* policies will cause, until the FDIC runs out of money, I suppose? )
Oddly, I basically agree with Joe's* script writer, re: risks taken by people invested in companies are a risk. Unspoken is that's not true of the Elite, but duh.
Somewhat concerning is that there may be no legal way to pay the big, over the FDIC $250k, depositors. Congress isn't doing anything except using it as an excuse to point fingers, there's no rational legislation to spend that money. It may or not be smart or ethical to bail out the big depositors, you can argue either way, but it's certainly not legal.
My fear/guess/prediction is that this bailout is just a future excuse for Joe* and the Swamp to bypass the already broken budget system, and spend money without any restrictions. Cutting Congress out of the loop.
If you thought inflation was bad when Congress authorized trillion$ in spending of money they just made up, then inflation from Unlimited spending of imaginary money is going to be Epic. Zimbabwe Epic.
My grandfather lost his farm during a bank crisis, lost everything. He didn't get bailed out. When the Barney Frank/Clinton real estate bubble burst, people lost their homes. So when the Bidenflation train derails, as is inevitable... It's the people who suffer.
Joe* etc. saying the FDIC is bank funded, not taxpayer funded, is bull.
It's the same lie as they use to call for higher corporate taxes. Every penny a corporation pays in taxes it takes from customers and hourly employee's wages. Not one cent from the "company" and not one cent from the Management.
Ditto, the FDIC is funded by fees that the banks collect from depositors. Every penny comes from a customer. It's buried in fees and interest, but YOU pay. Not the CEO. Not the share holders. Not the imaginary legal entity with The Bank's name. The customer.
How did I mislead you into thinking I was in favor of the Government Taking over a bank?
No, I did not think so of you personally. It was 'directed' at the people who are poo-poohing this whole situation like it's nothing. My apologies for being unclear.
It now looks? Like the take over from beginning to current promises is illegal and possibly related to the upcoming Government Cryptofascim play. To ban all currency except a government controlled bank system.
This makes crimes like Trudeau's easy, freezing the credit and money of political enemies. And imposing a CCP Social Credit iron fist on your movement and life.
( in case you've been sleeping the last decade, in CCP China a faceless bureaucrat can forbid you getting a bus or plane ticket, buy food, or spend the money in your bank account. By algorithms. Automatic Tyranny. )
I'm not sure we're rushing into a total economic collapse, as some pundits have been predicting. But I'm sure that Joe* will continue to make it worse for me.
And between Common Core, CRT, ESG, & DEI, the first step in recovery is to fire everyone in in those movements in companies, & colleges, which will spike the crap out of unemployment.
Removing the cancer from public schools and government is a bigger problem, which I'm pessimistic about.
BLM & The Party & The Party Media, bailed out, illegally, by The Party "leader", Joe*.
Your bank won't get that treatment. Especially if it's somewhere like rural Ohio & Pennsylvania, where the scum voted for Trump and deserve to be broke and die from toxic chemicals. According to The Party Media.
"I think this is actually one of the fundamental strategic challenges for (Biden) ... how to navigate this, it's almost impossible for them to make a change," the White House official said. "You cannot replace your first Black woman vice president and think that Black people and women will just vote for you. He needs her."
Well, Joe* said he chose her because she was a woman and Black. That's her job, qualifying factor and... That's it.
Her job is to be a protected "victim".
Put "in charge" of the Border, in the Biden* Regime, means ignore illegal entry, rape, slavery, murder and drugs. Kamala* has done that as good as anyone.
Oh, and Joe's* life insurance policy. Like Previous Veeps. Joe* had that job, too. Did a great job on that front.
Joe* only got the Prez gig by his Party deciding to make the entire Primary process a non choice publicity stunt. ( as a private club, the Party writes it's own rules for nominating a candidate. ) And the election fraud "allegations", of course.
The thing that strikes me is the total racist attitude of the "White House Official", who issued the statement quoted above. Harris* isn't a person with skills that she brings, to a job, she's an object. Typical of the slave owning Party for it's entire history.
My initial reaction is to apply for funds. I'll identify as a foreign lesbian unicycle if it helps.
My second is "Grow up, Snowflakes! I grew up under the threat of nuclear weapons aimed at my house. Those were real! Not lies to deliberately make you afraid."
The gripping hand is these Cultists are Fundamentally Dishonest Scum. In every possible way they ruin everything with their lies. Decade after decade they promise rising seas and buy beach front mansions. Not ONE prediction has come true, for half a century.
If I was a Supervillain I swear I'd melt Greenland just to flood Al Gore & Barack Obama's mansions. My excuse would be I'm searching for Atlantis under the ice. Be my luck to find it by mistake.
A good friend is struggling with care for his mother in law, with dementia. It's hard dealing with someone who gets confused and can't take care of themselves. Someone who wants to walk home to a different state, a home long sold, to meet relatives years gone. At 3 am. Like clockwork.
He doesn't have a team of "doctors" to medicate his in law to appear normal at a distance.
The ice cream thing works, btw.
I really want some folk to go to jail for elder abuse. Cruel monsters.