Move along Waco
The old "disprove" move is used up.
Prove you are not a communist. Originally Posted by VitaMan
prove i'm not Brad Pitt.
bahahahaa
why don't you cash out your vast investment portfolio and buy SVB before MuskRat does?
Gruenberg and Liang will do it for me.
still waiting for you to refute anything i posted. if you can. Originally Posted by The_Waco_Kid
No. how many times do i need to repeat that? they are a very small part of the overall banking system with a very narrow clientele that does not pose any threat to the commercial banking system. Originally Posted by The_Waco_KidAbove we have Gruenberg and Liang testifying. Here we have TWK giving his opinion.
Gruenberg and Liang will do it for me.
The FDIC guaranteed all deposits at the failed banks, and the Treasury created a new lending facility to provide cash for banks suffering rushes of withdrawals, according to Liang. She said the moves helped "stabilize deposits throughout the country and provided depositors with confidence that their funds are safe."
Without these actions, the contagion would have been worse and bank runs would have been much more serious, Gruenberg and Liang concurred during questioning.
Fed Vice Chairman for Supervision Michael Barr, FDIC Chairman Martin Gruenberg and Nellie Liang, Treasury undersecretary for domestic finance, all testified Originally Posted by VitaMan
Sorry Waco, won't work here. You can call them fools and clowns. You are the one with no credentials. You claim to be an expert on almost everything.
There's that word "claim" again.
You have at least 100 of your other posts you need to get busy and refute. And that is just in the last few days.
Run along now Originally Posted by VitaMan
its my understanding that those banks that failed were not "true" banks in the sense of the word.
they were investment banks designed to finance some business deals; some are high risk. they don't have the regular deposits from street people.
those banks should not be bailed out and the investors wold be stuck with the 250,000 deposit recovery limit. Originally Posted by dilbert firestorm