OT: American Politics

[MapleLeafBlueJayBoy]

Trump rolling back parts of Dodd Frank certainly helped.

 

[MapleLeafBlueJayBoy]

 

[axlsalinger]

 

[trujaysfan]

"Employees"

Should read: upper executives

From what I've seen all staff were paid bonuses

 

[mbow30]

“eligible” employees.

the reality is that the bonus payments are a drop in the bucket relative to the deposits.

 

[mbow30]

This bank was effed by a crazy confluence of factors. Explosive growth of tech companies in 2020, cash rich positions, turning of the tech market leading to withdrawals and all of the cash was invested in safe U.S. bonds that have been significantly devalued due to the feds interest rate hikes.

the bank bigly fucked up though, by not diversifying it’s investments.

 

[Preston]

GOLDMAN: “In light of recent stress in the banking system, we no longer expect the #FOMC to deliver a rate hike at its March 22 meeting with considerable uncertainty about the path beyond March.”

 

[lecoqsportif]

This bank was effed by a crazy confluence of factors. Explosive growth of tech companies in 2020, cash rich positions, turning of the tech market leading to withdrawals and all of the cash was invested in safe U.S. bonds that have been significantly devalued due to the feds interest rate hikes.

the bank bigly fucked up though, by not diversifying it’s investments.

This. It’s almost always this. Stress tests exist. When interest rates are near zero, you need to imagine those scenarios when they aren’t.

 

[lecoqsportif]

There were 17 D senators who voted to water down Dodd Frank in 2018. They need to be grilled too.

 

[CH1]

Fed is backstopping all the deposits

But stock will go to zero most probably.

My hunch is it won’t affect the Fed’s interest decision all that much — they were close to pausing for a bit anyway, as they need to see if these rate hikes are working

 

[trujaysfan]

Fed is backstopping all the deposits

But stock will go to zero most probably.

My hunch is it won’t affect the Fed’s interest decision all that much — they were close to pausing for a bit anyway, as they need to see if these rate hikes are working

As recently as last week we were being told that a 50bp increase was the market expectation.

 

[axlsalinger]

this dude might take himself out before Trump even gets started

 

[axlsalinger]

 

[axlsalinger]

 

[Wayward DP]

say what you want about Biden, but the man has delivered some serious policy wins, and some impressive results, even if I take issue with many of his decisions.

 

[MindzEye]

He's also proven more than any other President in the modern era that very few actually give a fuck about policy.

Politics is officially a soap opera now and only the dominate narrative matters.

 

[axlsalinger]

Welcome to the #Freedom State. Now show me your papers.

 

[axlsalinger]

 

[axlsalinger]

you tell 'em, Lady G

 

[Wayward DP]

you tell 'em, Lady G

every now and then Lady G ends up on the correct side of an issue.