You convince your constituents that regulation is what the other side wants and is therefore a “bad thing”. And look…I did a “good thing” by de-regulating…but then stuff happens and guess what? Maybe regulations were a good thing after all.
Congress, the wholly representative part of our government that makes a lot of the laws
•
Presidents, the partially representative branch of our government that enforces a lot of the laws — and via semi-permanent emergency powers, makes separate laws
•
Supreme Court Judges, the wholly un-representative part of our government that can cancel laws or force compliance
•
Governors, state legislatures, state judges, local judges, county commissioners, mayors, city councils, homeowner associations…
° law & order standards that protect children, nature, puppies, kittens, and other people
As we have seen too recently in the railroad disaster and with the banks, successful regulations to prevent such things from occurring have been rolled back by the Republicans because “they stifled business”. There needs to be a fair balance between protecting the public and implementing rules of operation for businesses, not tilted towards untowards favoritism for the businesses.
irritates me that, apparently, some big money people have browbeat the FDIC to cover more than it normally would or should of SVB….cover the $250,000 and thats it….. no more. And, even that is too much.
Brian sums up this banking mess in three panels, Heather lays out all the details so even someone unfamiliar with banking beyond balancing their checkbook (like me) can understand what’s going on.
There is no lack of regulation of banks. There has been endless regulation and STILL we see this corrupt disaster.
The SVB failure was due to woke investing with DEI and ESG. They cared more about those agendas than looking at their balance sheet. Then, Biden’s endless printing of money and inflation led to higher interest rates to control it. Then, with higher interest rates, the bank couldn’t pay its debt….and VOILA! …. collapse!
The answer: Biden bails out the bank with $189 billion from the FDIC (that is 100% of the money there!) to bailout the $209 billion in value in the SVB that is right folks. Plus the Feds will cover 20% of the bad debt with loans collarateralized by the bad debt!!! HA. Ha….OWWWWWW! that is gonna hurt all of us.
No , regulation isn’t the anawer. Let these banks fail. then lessons will be learned. This is just another Bailout of cronies by cronies.
An additional thing to think about: The FDIC guarantees amounts up to $250,000 per depositor and they will be taken care of. Numerous news media outlets have reported that many of the accounts at SVB were way over that amount. So, who is Biden bailing out? Why, that would be rich people and large corporations! Bernie Sanders and Elizabeth Warren must be seething!
akachman Premium Member about 1 year ago
Regulation: it’s not a bad thing. Just think about getting on an airplane or drinking water.
GOGOPOWERANGERS about 1 year ago
Banks wants to keep physical money with us at all times if they can’t even manage the money they get from people
ddjg about 1 year ago
Bingo!
Znox11 about 1 year ago
You convince your constituents that regulation is what the other side wants and is therefore a “bad thing”. And look…I did a “good thing” by de-regulating…but then stuff happens and guess what? Maybe regulations were a good thing after all.
dotbup about 1 year ago
Trains and banks are crashing thanks to the GOP and TRAITOR trump
Silicon Valley Bank CEO spent $500,000 bribing Republicans to roll back regulations
Railroads spent $6 million bribing Congress to roll back regulations
Billionaires spent untold millions in dark money bribing Republicans to roll back their taxes
In 2018 trump removed the Dodd-Frank regulations that would have prevented the Silicon Valley Bank collapse. Folks, welcome to ’merica Inc.
First, inept trump gutted the pandemic team left by Barack Obama, then Covid hit us.
Then Traitor trump deregulated train systems and banks, now they are crashing.
Trump is easily the worst president in American history
Of course the GOP is now trying to blame Joe Biden and the DNC for the mess that inept trump and the GOP created
• Thomas about 1 year ago
Well, who’s doing the regulating? °
Congress, the wholly representative part of our government that makes a lot of the laws
•
Presidents, the partially representative branch of our government that enforces a lot of the laws — and via semi-permanent emergency powers, makes separate laws
•
Supreme Court Judges, the wholly un-representative part of our government that can cancel laws or force compliance
•
Governors, state legislatures, state judges, local judges, county commissioners, mayors, city councils, homeowner associations…
° law & order standards that protect children, nature, puppies, kittens, and other people
mourdac Premium Member about 1 year ago
As we have seen too recently in the railroad disaster and with the banks, successful regulations to prevent such things from occurring have been rolled back by the Republicans because “they stifled business”. There needs to be a fair balance between protecting the public and implementing rules of operation for businesses, not tilted towards untowards favoritism for the businesses.
wangster2 about 1 year ago
How true!
codak about 1 year ago
irritates me that, apparently, some big money people have browbeat the FDIC to cover more than it normally would or should of SVB….cover the $250,000 and thats it….. no more. And, even that is too much.
ShadowMaster about 1 year ago
“But, but—with all those regulations, we can’t compete!”
Dewsolo about 1 year ago
I highly recommend today’s letter from Heather Cox Richardson
https://heathercoxrichardson.substack.com/p/march-12-2023
Brian sums up this banking mess in three panels, Heather lays out all the details so even someone unfamiliar with banking beyond balancing their checkbook (like me) can understand what’s going on.
braindead Premium Member about 1 year ago
NO comments from any Repubicans?
Do they NOT understand the cartoon?
Could it be made any simpler?
.
Or are they just incapable of understanding that deregulation can have bad effects?
Brian Carroll creator about 1 year ago
Process video of making the Silicon Valley Bank character: https://www.instagram.com/reel/CpvVfPYJyhX/?igshid=YmMyMTA2M2Y=
The Lone Panda & Tonto about 1 year ago
It will take a long and torturous route, but, the bail out $$$ will come from you and I, again.
Free or Not? Premium Member about 1 year ago
There is no lack of regulation of banks. There has been endless regulation and STILL we see this corrupt disaster.
The SVB failure was due to woke investing with DEI and ESG. They cared more about those agendas than looking at their balance sheet. Then, Biden’s endless printing of money and inflation led to higher interest rates to control it. Then, with higher interest rates, the bank couldn’t pay its debt….and VOILA! …. collapse!
The answer: Biden bails out the bank with $189 billion from the FDIC (that is 100% of the money there!) to bailout the $209 billion in value in the SVB that is right folks. Plus the Feds will cover 20% of the bad debt with loans collarateralized by the bad debt!!! HA. Ha….OWWWWWW! that is gonna hurt all of us.
No , regulation isn’t the anawer. Let these banks fail. then lessons will be learned. This is just another Bailout of cronies by cronies.
ChristopherBurns about 1 year ago
I’d laugh, but it’s all too real.
jamie about 1 year ago
An additional thing to think about: The FDIC guarantees amounts up to $250,000 per depositor and they will be taken care of. Numerous news media outlets have reported that many of the accounts at SVB were way over that amount. So, who is Biden bailing out? Why, that would be rich people and large corporations! Bernie Sanders and Elizabeth Warren must be seething!