Serious 3rd Collapsed US Bank "Signature" - Corrupt and Woked!

[Pinkieslut]

 

[Hypocrite-The]

If these woke banks are shutting down, does that mean the left is skewered?

 

[earthquake]

r insurance companies safe from this mess?

 

[laksaboy]

All these banks have Trump Derangement Syndrome.

 

[laksaboy]

If these woke banks are shutting down, does that mean the left is skewered?

Skewered... I prefer the term 'sodomized'. Karma is going in dry and hard.

 

[blackmondy]

 

[laksaboy]

Death to liberal scum.

 

[millim6868]

Insurance sane like government from papigs,they will roll out another way to ask ppl to pay more,lol

 

[eatshitndie]

these are like regional private banks where majority of deposits per account are in the millions and billions, way above the fdic insured amount of $250k per depositor. they reinvest clients’ deposits on gov bonds, securities, and treasuries where they are deemed to be super safe and conservative. because of persistent rate hikes by the federal reserve, these super safe bonds and treasuries can’t compete in value with other investments anymore, including some long term big bank fixed or cash deposits offering higher yields. thus the double whammy of less new deposits and more withdrawals of old deposits. the combined stupidity of the fed and gov is at the root of this fiasco. and they’re hurting their own billionaire contributors and supporters. but of course, “bailout” is in store.

 

[borom]

It applies to all areas not only banking when people are hired not because if their related job expertise or relevent skills but on race, family/political connections or to get votes or to nullify a potential threat to continued dominance .
I avoid the word meritocracy as it has been abused by a paticular group to the point of being a joke,