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Stonks
Mar 14, 2023 13:18:17 GMT -6
Post by Stan's Field on Mar 14, 2023 13:18:17 GMT -6
Maybe these banks need to stop making dogshit investments. No no no no. Maximum risk maximum gain, privatize the the profits and socialize the losses. That’s how this game is played. Can we put together a bill to subsidize any possible "losers" in the future? Like I don't want anyone taking a legitimate investment risk and losing. That is: I want them to still succeed with little to no hardship, heck even zero hardship and net gains, IF their investments don't go right for them....... I don't want to let any market sort shit out either, I want a safety net for folks risking their necks to pad their already deep pockets.
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Post by Stan's Field on Mar 14, 2023 13:22:02 GMT -6
Like agriculture, and stuff. It's so overly obvious we need corn and soybeans to survive, so the market should determine what happens with those commodities; yet, we subsidize that industry, knowing it's all necessary for survival to the extent you'd think it wouldn't need subsidizing. Who is we helping here? If there's a demand for it, there will be $ for it. If you don't like not getting as much $$$ as you think you should for it, then fuck off.
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Stonks
Mar 14, 2023 13:33:48 GMT -6
Post by NOTTHOR on Mar 14, 2023 13:33:48 GMT -6
Like agriculture, and stuff. It's so overly obvious we need corn and soybeans to survive, so the market should determine what happens with those commodities; yet, we subsidize that industry, knowing it's all necessary for survival to the extent you'd think it wouldn't need subsidizing. Who is we helping here? If there's a demand for it, there will be $ for it. If you don't like not getting as much $$$ as you think you should for it, then fuck off. One of the last great Democrats said: "You come to us and tell us that the great cities are in favor of the gold standard. We reply that the great cities rest upon our broad and fertile prairies. Burn down your cities and leave our farms, and your cities will spring up again as if by magic. But destroy our farms and the grass will grow in the streets of every city in the country." It's a tale as old as time. Big city fatcat bankers fucking with the money supply cause all sorts of problems in otherwise normally functioning markets. In the case of the quote above the bankers had decided that deflation was what they needed and capped the supply of money at a level that made it impossible for the farmers to repay their debts. In the late 70's and early '80's we saw the opposite case, where inflation and associated high interest rates rendered the farmers insolvent. Due to the materiality of a famine the government has decided to use subsidies to ensure that we have consistent bumper crops. The US is fine in terms of food production, but if we had a 25% drop in food output you'd probably see close to a billion people die globally. The people who get most fucked by US food subsidy policy are farmers in other countries.
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Stonks
Mar 14, 2023 17:45:01 GMT -6
Post by socal on Mar 14, 2023 17:45:01 GMT -6
Maybe these banks need to stop making dogshit investments. They owned Treasuries and US federal agency backed mortgage securities. Those are the safest asset classes out there backed by the full faith and credit of the US government. This run was caused wholly by rates moving up so fast. The credit default risks won't become apparent for several more months. The safest investment possible is loaning me around $1Billion. I'd totally have that shit covered with a good return.
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Stonks
Mar 18, 2023 10:15:11 GMT -6
via mobile
Post by Ginger on Mar 18, 2023 10:15:11 GMT -6
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Stonks
Mar 21, 2023 0:54:17 GMT -6
via mobile
Post by Ginger on Mar 21, 2023 0:54:17 GMT -6
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Stonks
Mar 21, 2023 6:52:19 GMT -6
Post by NOTTHOR on Mar 21, 2023 6:52:19 GMT -6
Welp, there's the reason the whole banking system is going to collapse. Thanks for solving the issue.
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Stonks
Mar 21, 2023 8:03:11 GMT -6
Post by LansingHawk on Mar 21, 2023 8:03:11 GMT -6
Welp, there's the reason the whole banking system is going to collapse. Thanks for solving the issue. You don't think maybe the article was pointing out a slight conflict of interest?
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Stonks
Mar 21, 2023 8:40:19 GMT -6
Post by NOTTHOR on Mar 21, 2023 8:40:19 GMT -6
Welp, there's the reason the whole banking system is going to collapse. Thanks for solving the issue. You don't think maybe the article was pointing out a slight conflict of interest? Article is behind a paywall. I just need to see the headline. I don't need to read the article to see a conflict of interest and know that the GOP is to blame. One of the co-authors of the Dodd-Frank Act was on the board of Signature Bank so it has to be the GOP's fault. Janet Yellen collected $7 million in speaking fees from Wall Street, but that is not a conflict of interest.
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Stonks
Mar 21, 2023 8:47:14 GMT -6
Post by Stan's Field on Mar 21, 2023 8:47:14 GMT -6
I'm a little out of the loop, but he was there investigating the failure, ten days before the collapse(failure)?
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Post by LansingHawk on Mar 21, 2023 10:14:25 GMT -6
You don't think maybe the article was pointing out a slight conflict of interest? Article is behind a paywall. I just need to see the headline. I don't need to read the article to see a conflict of interest and know that the GOP is to blame. One of the co-authors of the Dodd-Frank Act was on the board of Signature Bank so it has to be the GOP's fault. Janet Yellen collected $7 million in speaking fees from Wall Street, but that is not a conflict of interest. Whataboutism at it's finest.
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Stonks
Mar 21, 2023 10:58:29 GMT -6
Post by NOTTHOR on Mar 21, 2023 10:58:29 GMT -6
Article is behind a paywall. I just need to see the headline. I don't need to read the article to see a conflict of interest and know that the GOP is to blame. One of the co-authors of the Dodd-Frank Act was on the board of Signature Bank so it has to be the GOP's fault. Janet Yellen collected $7 million in speaking fees from Wall Street, but that is not a conflict of interest. Whataboutism at it's finest. How so? I have never defended this snake, just pointed out that the GOP is at fault for this. The people I tend to support are deemed far too dangerous to receive donations or contributions from corporations.
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Post by LansingHawk on Mar 21, 2023 17:50:14 GMT -6
Whataboutism at it's finest. How so? I have never defended this snake, just pointed out that the GOP is at fault for this. The people I tend to support are deemed far too dangerous to receive donations or contributions from corporations. The Yellen reference.
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Post by Ginger on Mar 23, 2023 8:33:22 GMT -6
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Stonks
Mar 24, 2023 3:49:07 GMT -6
Post by socal on Mar 24, 2023 3:49:07 GMT -6
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Stonks
Mar 24, 2023 6:08:29 GMT -6
Post by NOTTHOR on Mar 24, 2023 6:08:29 GMT -6
$1.7 trillion so far. That is just from interest rates going up and forcing fixed income values down. That unrealized loss number is assuming there isn't one scintilla of credit risk. Once the credit risk shows up, which it will, that number is gonna double or triple.
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Stonks
Apr 4, 2023 12:16:45 GMT -6
Post by socal on Apr 4, 2023 12:16:45 GMT -6
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Stonks
Apr 4, 2023 12:44:14 GMT -6
Post by NOTTHOR on Apr 4, 2023 12:44:14 GMT -6
Ho Lee Fuk. That is amazing. Have you seen the HBOMax show they did about Beanie Babies? Very well produced and the entire "market price" was established by some lady in Elmhurst or some other Chicago burb. Unreal.
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Stonks
Apr 4, 2023 15:14:25 GMT -6
via mobile
Post by Ginger on Apr 4, 2023 15:14:25 GMT -6
Ho Lee Fuk. That is amazing. Have you seen the HBOMax show they did about Beanie Babies? Very well produced and the entire "market price" was established by some lady in Elmhurst or some other Chicago burb. Unreal. I only paid $5 for each of mine. That were given to my kids. I have two Rubbermaid tubs of these things somewhere
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Post by socal on Apr 4, 2023 15:57:35 GMT -6
Ho Lee Fuk. That is amazing. Have you seen the HBOMax show they did about Beanie Babies? Very well produced and the entire "market price" was established by some lady in Elmhurst or some other Chicago burb. Unreal. I only paid $5 for each of mine. That were given to my kids. I have two Rubbermaid tubs of these things somewhere i.redd.it/ybc7vn9ixmga1.jpg
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Stonks
Apr 9, 2023 18:56:57 GMT -6
Post by livingintheusa on Apr 9, 2023 18:56:57 GMT -6
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Stonks
Apr 24, 2023 14:55:21 GMT -6
Post by socal on Apr 24, 2023 14:55:21 GMT -6
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Stonks
Apr 24, 2023 15:40:53 GMT -6
via mobile
Post by Ginger on Apr 24, 2023 15:40:53 GMT -6
Wow. I don’t think I would have kept doing that to start with but the fact that the bank had no clue? I wonder how many other people are doing that right now ?
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Post by Ginger on Jan 22, 2024 16:56:46 GMT -6
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Stonks
Jan 22, 2024 18:00:05 GMT -6
via mobile
Post by Ginger on Jan 22, 2024 18:00:05 GMT -6
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