This means that any bank that donated to B1den's campaign or that holds the money of D party donors will likely get the exception (which provides an unlimited backstop for uninsured depositors), while those that didn't will be out of luck.
B1den Personally Gets to Decide Which Banks Get "Systemic Risk" Exception
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Most of T and Kushner's c0rruption was in NYC or overseas. That of course doesn't make it any better. Kushner's 666 Fifth Avenue (a fitting address) attempted shakedown of Qatar was particularly egregi0us.
The kind under which Trup and Kushner companies thrive
What kind of crony capitalism bs is this
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That is the difference between here in the US and France right now. In France the populist left and populist right have formed a de facto alliance against Macron and the financial elite, though they still disagree with each other on environmental issues. The elite have successfully used LGBT and racial issues as wedge issues in the US.
Only a revolution will end this charade. Unfortunately, the elites have created a divide between the left and the right.
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The globalist financial elites dont care about anyone, anything, etc. We are like peons in a chess game for them.
That is the difference between here in the US and France right now. In France the populist left and populist right have formed a de facto alliance against Macron and the financial elite, though they still disagree with each other on environmental issues. The elite have successfully used LGBT and racial issues as wedge issues in the US.
Only a revolution will end this charade. Unfortunately, the elites have created a divide between the left and the right.
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https://www.zerohedge.com/personal-finance/your-bank-important-enough-save-dont-count-it
This is a very dishonest article. Most community banks would be saved just the way that SVB was. The difference is that most community banks don't have depositors with over 250k in their account, so they will be saved (in the same way that SVB was) through conventional means (i.e. deposit insurance).
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Sen. Lankford specifically asked about uninsured deposits in community banks.
https://www.zerohedge.com/personal-finance/your-bank-important-enough-save-dont-count-it
This is a very dishonest article. Most community banks would be saved just the way that SVB was. The difference is that most community banks don't have depositors with over 250k in their account, so they will be saved (in the same way that SVB was) through conventional means (i.e. deposit insurance).
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Sen. Lankford specifically asked about uninsured deposits in community banks.
https://www.zerohedge.com/personal-finance/your-bank-important-enough-save-dont-count-it
This is a very dishonest article. Most community banks would be saved just the way that SVB was. The difference is that most community banks don't have depositors with over 250k in their account, so they will be saved (in the same way that SVB was) through conventional means (i.e. deposit insurance).
But my point is that depositors of community banks will be made whole, for the most part, just like SVB was. Now maybe you could appeal to some sort of fairness principal to be against what they did. But you can't say that what they did is not good because community banks won't get the same treatment, because they would. Through deposit insurance.
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No they wouldn't. Depositors with less than $250,000 would be treated the same, but those with more than $250,000 would NOT be.
Sen. Lankford specifically asked about uninsured deposits in community banks.
https://www.zerohedge.com/personal-finance/your-bank-important-enough-save-dont-count-it
This is a very dishonest article. Most community banks would be saved just the way that SVB was. The difference is that most community banks don't have depositors with over 250k in their account, so they will be saved (in the same way that SVB was) through conventional means (i.e. deposit insurance).
But my point is that depositors of community banks will be made whole, for the most part, just like SVB was. Now maybe you could appeal to some sort of fairness principal to be against what they did. But you can't say that what they did is not good because community banks won't get the same treatment, because they would. Through deposit insurance.