You are a tad kinder on the banks than me. Your, ‘poorly run’ is my ‘utterly reckless’. Although, tempering our language is the best way to minimise public liability for those without the capacity to learn.
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You seem to forget that each and every government worldwide is neck deep in debt with the banks they are supposes to regulate.
If I would get summoned to a bank because I was owing them a lot of money, I don’t think I will be the one calling the shots.
Is a collection of private bankers, so they basically regulate themselves.
I suggest you have a look at this book. A very interesting read.
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All the banks that failed could have survived by taking the loss on some of their bonds. They chose not to. If you hold a bond long enough there is no loss. They chose the second rout trying to forgo a loss to market that would hurt their stock price. The Fed did regulate on the mark to market. The bank didn’t have the cash on hand to cover a run.
It’s not much different than a person that invests in only one stock and the stock takes a hit. He only looses money if the stock is sold. It’s a paper loss only. With time and not selling, the stock will recover in better economic times.
Congress 's solution did not allow the banks to recover in time. We now have Congress people blaming the Fed for not enforcing the rules. It’s called to me as passing the buck.
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And sadly, it just becomes a perennial issue: SVB was stable but a minor minor panic led to a run and crippled them as instantly crediting all is not possible.
I’m sure there’ll in a few more in the next few years, regardless of market conditions, who will collapse.
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I’m putting together a guide for the best unseen characters in comedy. Obviously, there are a fair few. From Maris Crane in Frasier (for the Americans) or Mrs. Brittas In the Brittas Empire. For me, Rowan always wipes all others off the stage for this style of comedy - You can easily picture a room full of students while he ignores the crowd.
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Oh, this one reminded me of you:
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The moon is real and it’s made of green cheese.
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Which makes them crooks.
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‘Green’, as far as I know, it is a mix of mature English cheeses and a few Blues. Here’s some footage of the landing in question:
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Don’t forget that the Sec Exchange Chair’s daughter was Sam Bankman-Freed’s girlfriend.
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You have no idea what you’re talking about. When a stock goes to zero and the company collapses then the stock is still at zero. There have numerous examples of this throughout history. Look at the S&P 500 from 25 years ago and see how many companies have gone out of business. How are their stocks doing today?
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Diane Morgan, one of my favourites.
Thank you! That made me smile.
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No it makes them incompetent. One bank had the person on staff and she quit about 6 months ago. They either didn’t have time to replace her or didn’t feel the need. The bond’s they owned were fluid if allowed to mature. It’s a paper loss. That doesn’t make them crooks. That makes them poor business people for not making themselves divested.
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After Kanye West states that he is no longer antisemitic after watching 21 Jump Street. His on-going issues with sushi remain unresolved.
Frankly I could write anything about him now and be outside of any recourse in libel. So, here are my Kanye predictions for the next few weeks:
Kanye denies trying to adjust the hyperspatial nature of The Trinity in order to get a second round of Easter Eggs.
Kanye declares himself to be the missing drop in all homeopathic remedies and that with this he will impregnate your wife.
Kanye West relies on North West in order to discredit South East.
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It mostly looks like Swiss cheese to me. The kind with holes. Gruyère.
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If it is smoked or washed and aged, then it’ll be welcomed into the cheese party. Emmental gets a pass but a second cheese from a country needs to prove its chops.
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Many of my current stocks are dividend kings. A company that has paid a dividend and raised it for more than 50 years. I have owned some for more than 35 years. These stocks have lost great value during the past recession. None have gone bankrupt or their stock going to 0. Have bought Microsoft when Allen was CEO. I’m in the stock for a little under $40.00 a share. Currently trading about $290.00 a share. Low in the past year $220s high was a year ago slightly over $350 a share. You can say I lost close to $150.00 a share earlier this year. Microsoft is not going out of business soon. I don’t trade any of the stocks I own. I reinvest all dividend’s and compound. Stock pays 2.5 percent dividend today. I’m collecting about 11.5% dividend on my initial investment at today’s dividend. I own 23 stocks like MS I’m up 600% on my portfolio in this market. How you doing?
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China and Taiwan moving towards logical peace. Of course not, it is still the hedgehog of hope encircled by the lawnmower of fate - Whilst being admist the cheese squares and pineapple of doom.
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It’s a perfect combination of speech and facial expressions. I can’t stand comedians who laugh about their own jokes.
A simple word like nibble coming out of this guys mouth is enough to crack you up.
The only thing I could never get into was Mr Bean. It’s completely wasted on me.
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