Silcon Valley Bank Bailout; and Other Thoughts

Today, March 12, 2023, the Powers That Be in this country decided to bailout two pretty fair sized banks which have gone under due to mismanagement. Once again, irresponsible behavior in America is rewarded. Naturally, if you reward bad behavior, and punish responsibility, guess what you get more of?Show more

It is my opinion that the Wall Street banksters, who bank the Democrat party almost entirely, engineered the failure of these banks. It's their way of putting an end to these interest rate hikes, and returning us to the era of free, cheap money. That's also going to guarantee $6 gas, and other ridiculous inflationary prices, but they don't care about that, because they can afford it; and screw everyone else who can't.

It will be a race to November of 2024. Can Joe Biden keep his billionaire buddies happy with low interest rates, while at the same time, keeping the voters from noticing sky-rocketing inflation? My guess is he can. Sadly.

If you want an idea of what goes on in a bank when it's failing, watch Margin Call (2011), which is free right now on YouTube.

https://www.youtube.com/watch?v=78eq-EtOuaM