US Banking system remains "sound and resilient"

@Slade Again you are accusing me of your own failures.

@PicturesOfABetterTomorrow

"I know you are but what am I" - part 10,766

OD'ing on jizz again eh twink boy?

@Slade Again, that is all you. No need to scream it at me repeatedly.

@BritishFailedAesthetic


BritishNRASupporter = "where are the nazis and anti semites? I don't get it?


You are a dishonest cowardly fascist. Nobody on earth is as stupid as this. But you want to pretend you are.

@PicturesOfABetterTomorrow
Whoa, don't beat yourself up "buddeh"

@BritishFailedAesthetic And not surprisingly all you can come back with is something completely nonsensical.

@Heartlander banks do pay insurance premiums to the FDIC. The relationship of premium amount to loan risk isn't well established, though. The premium size seems more related to the size of the depositor base. customer with checking accounts typically don't cause failures. Bad loans do. But whenever the FDIC steps in and tries to scale back higher risk mortgages and commercial construction loans, politicians go nuts because this is "strangling the economy".

Even if you have NO risky loans, you can still die the blink of an eye. Silicon Valley Bank had (mostly) Treasury Bills in it's "asset" portfolio. very few actual loans. The problem was, when you need to sell a "T Bill", it's price may have gone down if the Fed raised interest rates after you bought it. So SVB bought EXACTLY what the government said to, and it was the cause of their demise. As cutomers pulled their deposits, they couldn't get rid of their T Bills to match assets and liabilities.

No FDIC bank risk examiner is going to down rate a bank for buying T Bills. Its what they constantly tell banks to do. Until Fed Funds increases turn them into cancer.

@SusanInFlorida Good.. You understand the situation then. The rich get covered and the poor get screwed. I can give you a couple of thousand words on how any insurance the bank carries will go the the board and shareholders and not the small dpeositers or front of house people. And the commercial end of those insurances will be paid for indirectly by the depositors. That just how business is American style.. And this worked fine as long as the toxic end of the stick could be held out to overseas investors. But that pyramid is collapsing before your eyes. The Hly dollar isnt so holy and people inside America are going to get stuck with the bill this time.. Guess which people🫵.. 😷

@whowasthatmaskedman when have i ever suggested otherwise?

and american taxpayers and citizens always get stuck paying for whatever happens.

@SusanInFlorida Are you pro some sort of Balanced Budget Amendment? How about the Taylor Rule for the Fed?

@irishmolly72 i have never advocated a balanced budget. But if the american electorate feels this is the only way to tame runaway spending, I say their voices should be heard.

The problem with "balanced budget" is that so many career politicians use this as a reason to propose fantastic tax increases.

If you tote up all the democrat proposed bills submitted to congress every session, the spending generally runs in the $10-$20 trillion range. More than 3X the actual amount we already spend.

there is a huge disconnect between the impulse of politicians to give away "free stuff" to ensure their re-election, and our ability to pay for their "generosity."

@masterofyou Thats true. But pretty soon thats what the $US is going to be backed on too.😷

@MarineBob What exactly are you basing that on? Crypto exchanges are not banks... that is part of the problem.

@PicturesOfABetterTomorrow In the meantine, another San Francisco Bank is collapsing😷

@whowasthatmaskedman true as i use my card and i pay it off every month... The thing is the government wants to control your card and tell you what you can buy,when, and where you buy...

Just another freedom taken way... Don't laugh just look around and see what is happening here...

@masterofyou I dont see the govt as quite that draconian. Whoever, they can stop you bargaining with cash for a better deal and thats a good enough reason not to let it happen. I have my own reasons.😷

@whowasthatmaskedman Good luck to you.....

@AthrillatheHunt Here is an example of financial stability:

https://www.msn.com/en-us/money/other/first-republic-bank-shares-plunge-as-rescue-hopes-falter/ar-AA1auqKB