“Chancellor on the Brink of Next Bailout for Financial institutions” – 2023 variation
Governor @GavinNewsom troubles statement on Silicon Valley Lender. pic.twitter.com/ZiJgI3VtgN
— Office of the Governor of California (@CAgovernor) March 11, 2023
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Comments (9)
We’re told we must get out there and compete in the free market, but when their “buddies” lose, we’re forced to bail them out. We’re supposed to compete against people who can’t lose because they get bailed out.
If I make a bad investment and lose my money, I suffer for it, and rightly so.
If some criminal crony of criminal politicians makes bad investments, they get bailed out… and they’ll probably get gigantic bonuses, too, at our expense.
Save the bank that had less than 3% accounts with less than $250k on the backs of taxpayers who work crap jobs under $50k/year.
Sounds fair to me!!!!
Bailout isn’t the answer
consequences are the answer
Liquidate, distribute proceeds to depositors, and be done with it.
Lol, Gavin Fucking Newsom. What a piece of scum. Duck and cover ladies and gentlemen.
My question is, if they actually bail them out, are people THAT asleep that they won’t on principle flip their shit, take to the streets, bring out the guillotines and literally eat the rich? How far can they push average working class people to the brink, stealing from them with inflation and from their future with bailouts before they actually wake up and burn the system to the ground violently? How much Monday night football, and social media distraction numbing agents can people take before it just doesn’t work anymore and we have massive, sweeping, enraged and armed people take to the streets and drag out these crony Keynesian cantillionaire capitalists physically in the public square and lynch them? How far can we push it until the streets literally run red?
Apparently we can be pushed pretty damn far. I just wonder when enough will actually be enough?
I believe time is ripe for Bitcoin adoption. Whom do we trust with our money? The more I spend time on Bitcoin, the more I realize, it’s not an inflationary hedge or an investment vehicle, but a hedge against the systemic governance risk through ungovernance and with unchangeable monetary properties. The abstract of the Bitcoin white paper and the message on the first Bitcoin block sums what is Bitcoin perfectly, rest of the white paper are mere details.
Gaby Scamsom is a criminal.
Gov. Newsom should understand that “If you are not part of the solution, then you are part of the problem.”
I and sure a lot of business that have relocated from the bay area to Southern Nevada were tied to SVB or local banks.
When your Governor raises taxes and lets crime get out of hand, you cannot expect profitable business/money to stay in your state.
At times like these, I wish Iceland would rule over the word wide banking sector : Back in 2008/2009 they let all the bad banks go down, short and sweet pain instead of bailing them out.