Liberal Forum

Vegas » 12 Mar 2023, 12:32 pm » wrote: ↑

12 Mar 2023, 12:32 pm

Credit unions are probably the way to go. Wells Fargo is always do something ****. However, bank CEOs rarely, if ever, see justice. Of all the crap that Wells Fargo has been found guilty of, not one CEO has ever been fined or jailed. The bank itself has. But not the people behind the schemes.

That is always the case with any major corporation.  CEOs and boards are NEVER held responsible for their "schemes"!!!
 

Buffalo » 12 Mar 2023, 12:36 pm » wrote: ↑

12 Mar 2023, 12:36 pm

That is always the case with any major corporation.  CEOs and boards are NEVER held responsible for their "schemes"!!!

Yes. Exactly. 

THE CAUSE OF THE COLLAPSE WAS THE RESULT OF THE FEDERAL RESERVE INTEREST RATE HIKES TO DEAL WITH INFLATION THEREBY CAUSING SVB'S BILLIONS IN T-BILLS TO LOSE THEIR VALUE.

 

righteous » 12 Mar 2023, 4:05 pm » wrote: ↑

12 Mar 2023, 4:05 pm

THE CAUSE OF THE COLLAPSE WAS THE RESULT OF THE FEDERAL RESERVE INTEREST RATE HIKES TO DEAL WITH INFLATION THEREBY CAUSING SVB'S BILLIONS IN T-BILLS TO LOSE THEIR VALUE.

And they aren't the only ones I'm sure.

Tomorrow and Tuesday could get pretty interesting. 
​​
 

Huey has correctly discovered that "woke" rhymes" with "broke".
Most of this banks depositors were corporations.
The failure was due to making bad loans, I imagine.
I am pretty sure it was not because of rhyming words, though.

Huey » 12 Mar 2023, 11:54 am » wrote: ↑

12 Mar 2023, 11:54 am

While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs 

A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming out stories, as the firm catapulted toward collapse.Jay Ersapah, the boss of Financial Risk Management at SVB’s UK branch, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.

https://nypost.com/2023/03/11/silicon-v ... -collapse/

I guess the line is true.  

Concentrate on your primary mission.

Hey, that's what he was doing. 

Thy'll get bailed out.
 

Vegas » 12 Mar 2023, 12:10 pm » wrote: ↑

12 Mar 2023, 12:10 pm

Well I hope my bank isn't in that domino line. Wells Fargo. They are pretty unscrupulous. We are actually planning on leaving to a credit union soon.

How the **** are you still with those cock suckers?

 

Cannonpointer » 12 Mar 2023, 5:21 pm » wrote: ↑

12 Mar 2023, 5:21 pm

How the **** are you still with those cock suckers?

There is a lot to transition over. We just haven't gotten around to it. However, the Silicon bank fail has lit a spark under our ***. I am having a feeling that is the first of many. 

ROG62 » 12 Mar 2023, 12:01 pm » wrote: ↑

12 Mar 2023, 12:01 pm

well, they can't be that "woke"...climate mental health isn't even mentioned...

        Agreed...
how come no mention of the Pig-Tailed Porkchop Greta Thunberg and the Flock?

             ​​​​​​​
 

Vegas » 12 Mar 2023, 5:23 pm » wrote: ↑

12 Mar 2023, 5:23 pm

There is a lot to transition over. We just haven't gotten around to it. However, the Silicon bank fail has lit a spark under our ***. I am having a feeling that is the first of many.

Here's what I do, every time I get acquired or otherwise displeased:

1. Close the savings in the bad bank on day 1,  and open new savings and checking account. 
2. Disable every auto-pay on the old checking account that I can think of, and attach them to the new one. 
3. Disable every auto-deposit coming to the old account and attach them to the new one.
4. Do business for 90 days, having transferred all savings and some checkings $ to the new accounts. 
5. After 90 days with all dust settled, close the grudge account. 

I have done that literally half a dozen times or more over the past 40 years.I WILL NOT be acquired or mistreated - have never once put up with it. 
 

Cannonpointer » 12 Mar 2023, 5:31 pm » wrote: ↑

12 Mar 2023, 5:31 pm

Here's what I do, every time I get acquired or otherwise displeased:

1. Close the savings in the bad bank on day 1,  and open new savings and checking account. 
2. Disable every auto-pay on the old checking account that I can think of, and attach them to the new one. 
3. Disable every auto-deposit coming to the old account and attach them to the new one.
4. Do business for 90 days, having transferred all savings and some checkings $ to the new accounts. 
5. After 90 days with all dust settled, close the grudge account. 

I have done that literally half a dozen times or more over the past 40 years.I WILL NOT be acquired or mistreated - have never once put up with it.

This is the plan, but why wait 90 days? Our minds are already made up regardless what happens. 

Vegas » 12 Mar 2023, 5:33 pm » wrote: ↑

12 Mar 2023, 5:33 pm

This is the plan, but why wait 90 days? Our minds are already made up regardless what happens.

You wait 90 days out of respect for money. ALWAYS LET THE DUST SETTLE. It's too easy to forget some minor ****, and have it bite you in the ***.

You are not really waiting ANY days, because from day one, you are using your savings and part of your checkings to open and start using the NEW savings and checkings. I'm not saying wait to deploy - I'm saying wait to CLOSE. You never know what piddling thing might be hanging out to land on a closed account and hurt your credit, making you appear to be a fellow who runs from his bills. 

The old account is just sitting with minimum dollars in it, collecting dust for 90 days. It is a nuisance, not an asset, to the institution you are leaving. It's a convenience to you, letting you rest easy that you're not cutting off YOUR nose with theirs. 

Cannonpointer » 12 Mar 2023, 5:41 pm » wrote: ↑

12 Mar 2023, 5:41 pm

You wait 90 days out of respect for money. ALWAYS LET THE DUST SETTLE. It's too easy to forget some minor ****, and have it bite you in the ***.

You are not really waiting ANY days, because from day one, you are using your savings and part of your checkings to open and start using the NEW savings and checkings. I'm not saying wait to deploy - I'm saying wait to CLOSE. You never know what piddling thing might be hanging out to land on a closed account and hurt your credit, making you appear to be a fellow who runs from his bills. 

The old account is just sitting with minimum dollars in it, collecting dust for 90 days. It is a nuisance, not an asset, to the institution you are leaving. It's a convenience to you, letting you rest easy that you're not cutting off YOUR nose with theirs.

I see. Good point.

Cannonpointer » 12 Mar 2023, 5:31 pm » wrote: ↑

12 Mar 2023, 5:31 pm

Here's what I do, every time I get acquired or otherwise displeased:

1. Close the savings in the bad bank on day 1,  and open new savings and checking account. 
2. Disable every auto-pay on the old checking account that I can think of, and attach them to the new one. 
3. Disable every auto-deposit coming to the old account and attach them to the new one.
4. Do business for 90 days, having transferred all savings and some checkings $ to the new accounts. 
5. After 90 days with all dust settled, close the grudge account. 

I have done that literally half a dozen times or more over the past 40 years.I WILL NOT be acquired or mistreated - have never once put up with it.

This is good advice. Perhaps 60 days would be sufficient, though.

Xavier_Onassis » 12 Mar 2023, 6:49 pm » wrote: ↑

12 Mar 2023, 6:49 pm

This is good advice. Perhaps 60 days would be sufficient, though.

I like 90 because any outstanding checks go out of date in 90.

Xavier_Onassis » 12 Mar 2023, 5:07 pm » wrote: ↑

12 Mar 2023, 5:07 pm

Huey has correctly discovered that "woke" rhymes" with "broke".
Most of this banks depositors were corporations.
The failure was due to making bad loans, I imagine.
I am pretty sure it was not because of rhyming words, though.

see what we have to deal with here?
SVB bought tons of bonds, at government "request". 
And when they cashed them in, they lost over a billion dollars. 

It had nothing to do with bad loans, *******.
 

Me thinks the Fed is very worried about today.
the news tonight is.. they wont raise rates next week. HA
We'll see what happens today.

Huey » 12 Mar 2023, 12:33 pm » wrote: ↑

12 Mar 2023, 12:33 pm

Been with a credit union for years.

.
Over 30 years with mine.

They are in Philly and I am now in Tennessee...great help over the phone from the same people all the time if I need it.
 

Huey » 12 Mar 2023, 11:54 am » wrote: ↑

12 Mar 2023, 11:54 am

While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs 

A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming out stories, as the firm catapulted toward collapse.Jay Ersapah, the boss of Financial Risk Management at SVB’s UK branch, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.

https://nypost.com/2023/03/11/silicon-v ... -collapse/

I guess the line is true.  

Concentrate on your primary mission.

https://www.youtube.com/shorts/kWvhoJTnkO0
 

There's been another bank already. Number 2.
weeeeeeeeee