Steve Kelley for March 16, 2023

The imaginary bogeyman courtesy of right wing “news”.

SVB – Go woke, go broke.

How can Biden decide over a weekend to throw out the FDIC $250,000 insurance limit and spend $300+ Billion to bail out billionaires?

The biggest group of depositors that benefited from the SVB bailout are Chinese companies.

If only SVB had a board that was exclusively white tech bros, they would never have put all their assets in bonds that were vulnerable to the interest rate hikes everyone else saw coming a mile away. They would never have hired former Kevin McCarthy staffers to lobby Trump to exclude them from regulations. They never would have been on the same group chat, panicking themselves into a run on their own bank. Trust the white tech bros: they’re the smartest guys in the room. Elon says so.

Pronouns, shmonouns… it’s about money.

He must be one of those right wing radicals. They are SO obsessed over the pronouns other people use.

There are dozens of left leaning cartoonists on goComics. Never ONCE have I seen one of them post a comic based in any way on pronouns.

And yet SKelly, MLester, Bok, Varvel and all the others obsess over them endlessly. Strange.

Kelly thinks their choice of pronouns, not their investment in crypto is what lost billions of dollars.

Maybe Wiley and Mirriam-Webster can sue Kelley for stealing and destroying the usefulness of the non-sequitur?

The presumption of “incompetence” by the cartoonist and many of the commentators is telling. Are gender, skin color, etc. the standard you use when conservative, white, male led institutions fail? Is it merely your fear of the “other” manifesting itself? Something more heinous?

Terrible. As bad as Gorrell.

Will these guys ever be honest? All reporting on this topic points to risky business (cryptocurrency and venture capitalism) and rising interest rates being the culprit in these bank failures.

At least Kelly realizes the only people obsessing over pronouns are Republicans.

I guess Kelley got the message at CPAC.

“I went to CPAC to take MAGA supporters’ pulse – China and transgender people are among the top ‘demons’ they say are ruining the country.” A scholar of extremism attended the CPAC meeting in March, in part to try to understand political polarization, and only saw signs of a worsening divide.

https://theconversation.com/i-went-to-cpac-to-take-maga-supporters-pulse-china-and-transgender-people-are-among-the-top-demons-they-say-are-ruining-the-country-201442

SVB borrowed money to invest heavily in lng term bonds, and the market collapsed. It was poor business decisions, not political bull that caused the problem.

Well, the right wing is pretty obsessed with pronouns, given how upset they are with how some people want to use them.

Banking’s first rule is that assets should match deposits. If depositors can demand their money back anytime, then using their money to buy long-term bonds is risky. SVB had to sell $21 billion worth of bonds at a fire sale, taking a $1.8 billion loss.” You know. Democrats.

What does trans anything have to do with anything?

Uh…in what way did it “work for SVB”?

Amazing how many foolish and ignorant people blame transgender issues for so many problems. It’s a tiny fraction of the population, and they threaten no one.

Phobia my hind leg. Who is afraid of panty waist? Not agreeing with BS, does in No way equal out to fear.