And I’m sure that the “crash” of 1929 was ALSO a result of the “WOKE” policies!!!
Yeah, someone woke up and smelled the coffee.
So, if the bankers had been asleep they wouldn’t have failed?
It’s funny how deregulation works.. it’s even more comical watching the repugs trying to find any excuse to cover that up.
GOP messaging using the KISS (Keep It Simple, Stupid) principle to appeal to their base.
republicans are about as woke as the boiler crew of the Titanic
So if it was short of capital, how do they justify all the money spent on woke programs, climate change, political donations to the Dems, etc. They were bleeding funds to woke causes while losing their shirts by ignoring their investment positions.
They focused and spent on the wrong things.
The bonds themselves weren’t all that risky. They were safe from default. The problem was that the bank people never saw higher interest rates in their lifetime and didn’t anticipate a lower value for long term bonds with rising rates. Then they couldn’t handle short term deposits from employers who had to make payroll.
Please, Clay, you’ve been doing this long enough. Don’t try to bring facts to any arguements with the Rethuglicons.
Best explanation I’ve seen yet.
Perfect. I often face the problem of presenting a reasoned analysis about current problems to some who have already absorbed bumper sticker explanations.
The people who buy into the whole “woke” right-wing propaganda, don’t care about knowing the truth. The truth of a subject isn’t easy, isn’t black & white, it is shrouded in layers of grey.
This would be funnier if it wasn’t such an accurate depiction of just how pathetic the Republicans have become over the last few decades.
My dog bit me. He must be woke. I hate stopping at traffic lights. They must be woke. People talking loud on their cellphones at the movies are definitely woke. Slow elevators, parking meters, warm milk, long commercial breaks, and tooth aches are really woke. See a pattern here?
Well yah.. but surely it’s Joe’s fault that it happened now.
For about 5-6 years now have been seeing a resergence of companies wanting people to use their homes for loans again, and people wanting to buy homes to flip. Did this not cause a problem before?
When you explain in detail something to republicans they don’t understand they immediately say woke. That is getting very very repetitious and rather being insulting it is more annoying than anything else
One word beats a paragraph every time. :(
What’s a four letter word (magat limit for comprehension) for everything republicons don’t like? WOKE, and repeat……………..WOKE, and repeat……………………
The big reason people complain is they lost investments. An investment isn’t a deposit. An investment is a gamble that it will pay off and give you a great ROI. But it can fail.
Businesses rise and businesses fall. It’s just a fact of life. Nothing woke about it, fat man.
Ain’t the truth. :-)
Always Trump’s fault, no matter when or what it is.
The elephant reduces it to as many words as your average MAGA can comprehend.
The economist is awake & the GOP is not…glad to see that they are admitting their shortcomings.
My understanding is that the investments were not risky in that they were in US Treasuries – the safest investment on the planet. The main problem is that because of deregulation, they didn’t have enough liquid assets to fill the demand for customers cashing out. The risk for any bond is that when interest rates go up, the value of the bond itself goes down so that investors make an “equivalent” interest rate to what the market is currently paying. The fact that SVB didn’t have enough capitalization to fill the demand by their customers, they were forced to sell the “safe” long term Treasury bonds at a discount. This is why people are trying to blame the Fed for raising rates to combat inflation. The woke BS is nonsense.
I’d rather be woke than asleep…or with my head stuck in the sand
“There it is, the modern Republican Party in a nutshell: Reading MAGA B.S. to your kids while taking Rosa Parks out of our schools and libraries.” Michael Steele
Higher interest rates on secured low-risk government bonds fail. They paid little interest, cause they don’t go up but pay out at the rate when bought. Interest rates go up those government bounds are useless. Biden caused this. Had nothing to do with Trump. If it did why did a bank, Signature, fail with Barney Frank on the board? You know the Frank in Dodd-Frank.
GQPs don’t like it when people wake up to the consequences of GQP policies…
Investing in woke causes does not pay the bills.
May 06, 2022