Originally Posted by
tableplay
What was really crazy was when the POTUS said that they would make all the depositors of Silicon Valley Bank whole, but that investors of Silicon Valley Bank stock (preferred and common) would not be made whole since they knew the risks. But Silicon Valley Bank invested in a bunch of 10 year treasury bonds back when interest rates were near zero and when interest rates rose those bonds became almost worthless, causing alarmed depositors (mostly ultra-wealthy Venture Capitalists) to make a big bank run collapsing Silicon Valley Bank. So I guess in Silicon Valley Bank's case, they didn't have to know the investment risks (of the 10 year U.S. treasury bonds) - the Fed made their depositors (who were late to the bank run game) whole. LMFAO.
You and I both know this whole thing is just a scam shell game.
Nobody ever gets in any trouble for this shit.
They may get one or two fall guys like a Madoff but that's it.
And it don't matter if your Red or Blue they are going to constantly steal your tax dollars and the liberal sheep enjoy that for some reason.
Jimmy Dore is the only one who really gets it and is constantly telling the people to rise up and revolt in the streets.
And that happens all the time throughout history but it doesn't matter because 10 to 20 years later "society" succumbs to the same bullshit.
They say that slavery is dead but they are wrong.
Most of us are in slavery.
At least we got microwave ovens, tv's and computers to help us escape the brutal truth.
You know but we better worry about and fix climate change lol.
If someone sends a nuke, I pray that they send it directly on to the top of my house!
Which isn't even mine because in the end the government owns all property.
Especially if I refuse to pay my annual property taxes, they will take it faster than my head could spin.
Robin Hood and his Merry Men my ass!