Yellen rules out bailout for Silicon Valley Bank March 12...Oops!

https://www.youtube.com/watch?v=vSZcPvp7NVU

Good thing we didn't bail them out.

Hey, wait a minute. 🙄

They must be too systemically woke to fail. Privatize the gains, socialize the losses as usual.

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irishmolly72 · 56-60, F

@LordShadowfire Only he didn't.

He exempted some small banks from some of the regulations in 2018. The overwhelming majority of the act is still intact. The current financial crisis is the result of the Fed pouring massive amounts of money into the economy, and the Biden administration spending big chunks of is as fast as possible.

Free money, an "everything bubble", chronic inflation, financial instability. Welcome to Biden's america.

LordShadowfire · 46-50, M

@irishmolly72

“Dodd-Frank is a disaster. We’re going to be doing a big number on Dodd-Frank,” Trump said on Jan. 30, 2017, as he signed an executive order requiring that agencies eliminate two regulations for each new one they wanted to implement.

Source: https://news.yahoo.com/trump-bragged-gutting-dodd-frank-005804658.html

irishmolly72 · 56-60, F

@LordShadowfire I have long been on record as opposing Trump. But he did do some good things. That's called objectivity.

LordShadowfire · 46-50, M

@irishmolly72 Retracted the "orange master" crack. I just assumed because there is ample evidence for what he did in this case. He actually bragged about it.

irishmolly72 · 56-60, F

@LordShadowfire I see Trump as the crazy uncle in the American "family". He knew how to shine a spotlight on a problem, but he didn't have the moral or intellectual vision to effectively address the problem in ways that Americans could rally behind. We have plenty of crazy aunts and uncles on the left too.

LordShadowfire · 46-50, M

@irishmolly72 I see bothsidesism as a cancer. Bothsidesists pretend that the far left is equally as bad as the far right, and that's a lie. Reaching a middle point between two equally bad places sounds like a great idea, but you've got to understand where the middle point really is. The far right has pushed the barrier so far over that the true middle is what appears to most right wing folks as liberal.

irishmolly72 · 56-60, F

@LordShadowfire If you are straddling a small stream and one side is boiling hot, and the other side if frozen solid, then on average you're comfortable.

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