14 Mar 2023 1:57 pm
Government is the problem, when you approach $1 Trillion dollars in interest payments, you might be insolvent.Zeets2 » 14 Mar 2023, 10:54 am » wrote: ↑ No, it will go through.
Once again we'll have struggling taxpayers bailing out billionaire depositors like Oprah (lost half a billion) and Roku (lost $487 million) because THEY CONTRIBUTE THE BIGGEST AMOUNT IN DONATIONS TO DEMOCRATS! They WILL NOT let them bear the responsibility they deserve!
And the result will be another HUGE round of inflation, an economy that will be thrown into a deep recession causing even MORE banks to fail, and they'll be given even more bailouts!
Is there anyone who doesn't realize how this works by now?
The responsibility has to be blamed at least in part by the fed. Why doesn't the FDIC see what risky investments these banks take, and provide them with limits on how much they are permitted to risk in order to continue being insured by them? Wouldn't a private insurance company refuse to insure a car with no brakes, or a home built on a swamp? The fed allows them to take unreasonable risks because they WANT them buying up their bonds so they can continue their wild spending, as Biden has shown us for the past 2+ years!