(PatriotHQ) Do you feel better now knowing Sleepy Joe Biden is going to make sure your money is safe?
- Why didn’t Joe protect the money of thousands of families with the Silicon Valley Bank and others?
- Why did it take the loss of tens of billions of dollars to get Joe awake and moving?
- How will Sleepy Joe protect all the coming bank failures?
Let me guess. Sleep Joe will ‘Make The Call’ and the fed will simply print more money! (Which was the reason many banks are slated to fail)
This should comfort you…..🙄
Biden promises no more bank failures while in office. The "Bank Term Financing Program"
But don’t worry, Joe Biden vows to prevent bank failures, read it for yourself!
On Monday, President Joe Biden announced bank failure prevention policies. After Biden's energy policies generated inflation, interest rates rose to limit price hikes.
A day after taking credit for a new liquidity solution "to help make sure banks can satisfy the needs of all their depositors," Biden proudly announced new bank collapse laws.
So, if Congress can pass a law and it fixes the problem, then pass a law and eliminate the IRS, or stop Global Climate Change (assuming there is one) Or pass a law and outlaw Outlaws! (Politicians would be unemployed)
"I will encourage Congress and banking authorities to strengthen the rules for banks stronger to prevent this kind of bank disaster," Biden tweeted. "Protect U.S. jobs and small companies."
His administration's response to bank failures, partially caused by higher interest rates to curb inflation, was unclear. The Biden administration's energy policy created inflation.
Biden didn't mention modifying energy or money policy, wonder why?
According to a 2022 Strategic Petroleum Reserve assessment of Biden's energy war will cost the U.S. about $100 billion a year, or two to three million barrels of oil a day. Biden's war on American energy involves raising oil drilling costs for private and public investors, blocking public land drilling, and scrapping the Keystone project.
Fake energy crises raised prices in 2022. In 2022, Bloomberg predicts inflation would cost the average American household $5,200, or $433 each month.
Biden promises no more bank failures while in office. The "Bank Term Financing Program" was put up before Monday's markets opened. Deposits over $250,000 are now protected. On Monday, Biden assured taxpayers would not pay for protection.
Great, please raise your hand if you got your check?
"No taxpayer loses," he stated. "Banks' DIF fees will pay for it."
How wonderful! We can count on the government to come to the rescue! Just ask the grateful people in Palestine Ohio!
"No one is above the law in my government," he declared. (Except Hunter Biden)
In conclusion. We are screwed! Either America has a collapse now or suffer the next few years and have a mega-collapse then. Either way. Your check is in the mail!
Your opinion?
Replies
Exactly, and the new owners may include links to former owners... When a bank goes under huge gains can be made by some individuals and huge losses taken by others. Depositors with under 250K are made whole... making all depositors whole is ludicrous and in effect allows banks to operate at the margins without pressure from their major depositors... it is not a free market or an open market... when the government bails out all depositors in a bank that is recklessly managed.
First, those who believe that the FDIC member banks are going to GIVE or PAY more to cover failing banks are NUTS... they may send more to the FDIC but their depositors will end up paying more for services, loans, and deposit accounts...
Next, Banks don't give money away... They invented the practice of using other people's money (depositors) to fund their business... Bank Boards are intelligent enough to understand they need to shore up failing banks to avoid insolvency triggered by runs on their own depositors...
However, they are also clever enough to make it appear as if they are magnanimous enough to cover depositor losses with their own funds/profits... only to turn right around and raise service fees, rates on loans, deposit transactions, etc in order to cover their magnanimity.
i knew something big was coming the truth about january 6 was getting out and the subject had to be changed and dont forget never let a crisis go to waste
Very astute... on the mark.
TRAITOR JOE keeping money safe. Not much chance of that. All he does is give the tax payers money away to his supporters and any WOKE organization he favors.
Will sleepy Joe ensure that the investor's deposit accounts are all forfeit or is Biden going to bail out the Bank President, Board members, directors, and their families' personal deposit accounts? Not one dime of the FDIC Monies over 250k should go to a single depositor... they all knew the risks involved when keeping more on deposit with a single Bank and could have spread their risk out over several banks
Yep, sleepy Joe was talking and moving like he was drugged or something?
Thank you USA 4 ME, I feel so much better now! NOT!
Welcome, is it any wonder why America has a drug problem!
No, it is hardly a wonder that criminals have infiltrated the government and our commercial institutions... It would not surprise me to learn that drug and human trafficking were being sponsored and supported by funds from SVB... We understand they were engaged in money laundering... What we need to know is who knew and who was profiting from the Drugs and Human Trafficking... including any members of the government involved.
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