Banks Failing: Is It 2008 Again?

[Euclid]

When businesses have nowhere to operate out of safely, you kill virtually every business in the country. You can't pay vendors or payroll with Tbills. If there are no businesses, taxpayers have no jobs, and no taxes to pay. They also have no housing, food, or infrastructure of any kind. Game over.

let them pay vendors with cake

[CountValentine]

This thread is too funny. It is this admin fault and businesses are the saviors!!!

[Lurker]

This thread is too funny. It is this admin fault and businesses are the saviors!!!

No saviors or saints. Just a matter of survival in/of a tremendously broken system. Short of a system reset, you have to work with what there is.

[savvydigz]

When businesses have nowhere to operate out of safely, you kill virtually every business in the country. You can't pay vendors or payroll with Tbills. If there are no businesses, taxpayers have no jobs, and no taxes to pay. They also have no housing, food, or infrastructure of any kind. Game over.

Woha! Calm down, we're talking about a bank that had an extremely risky situation, all banks are safe the only thing is how to psychologically convince people that there is no risk, by bailing out this bank it just shows how desperate the feds are to cover this up

[savvydigz]

No saviors or saints. Just a matter of survival in/of a tremendously broken system. Short of a system reset, you have to work with what there is.

Truth is we need a reset, don't raise the debt limit let the US default, it will happen in either case do it rather now.
I'm truly wondering what people are saying the game plan is with the US debt

[EliJelly]

I'm truly wondering what people are saying the game plan is with the US debt

There are so many other and larger waste in government spending to rage about. Saving innocents people's and entity's deposits or assisting the Ukrainians is last on my list.

[Lurker]

Woha! Calm down, we're talking about a bank that had an extremely risky situation, all banks are safe the only thing is how to psychologically convince people that there is no risk, by bailing out this bank it just shows how desperate the feds are to cover this up

That depends on whether you think that this bank was an anomaly, or just a little closer to the edge than the rest of them, and therefore the first domino to fall. People have been raising concerns about our banking system for a while. Legitimate or not, in order for the country to function, some semblance of trust needs to be restored in the system, and the government, for better or worse, is the only entity with the ability to do that.

If you think the feds are desperate to cover it up, you need to ask why?

[savvydigz]

That depends on whether you think that this bank was an anomaly, or just a little closer to the edge than the rest of them, and therefore the first domino to fall. People have been raising concerns about our banking system for a while. Legitimate or not, in order for the country to function, some semblance of trust needs to be restored in the system, and the government, for better or worse, is the only entity with the ability to do that.

If you think the feds are desperate to cover it up, you need to ask why?

So will they bail out all bank depositors should they fall? what's the threshold?

[Lurker]

So will they bail out all bank depositors should they fall? what's the threshold?

What's the alternative?

[Ver hut gazugt]

Still haven't heard any understandable reason why we the taxpayers are bailing out the depositors uninsured money which is clear risk which everyone knows of.

tax payers are not bailing them out. The fdic charges other banks fees to make up for there losses if there are any.

The only bailout of the fed is them setting up 25b to help other banks stay liquid. ( they need to hand over securities to get that money )

[Ver hut gazugt]

It is not profitable. That is why many suitors with plenty of liquid assets are not taking it over.
It is in bad shape besides illiquid.
If the government makes some suitor a sweetheart deal that would be the only possibility.

There are a few reasons.
it takes time to evaluate a business. You cannot do due diligence in 2 days. It takes time to look through the balance sheet, evaluate other assets such as costumer base, employees, name recognition etc. while at the same time the fed may not have the luxury to wait and make a proper sale.

[Essen est zich]

Any issues depositing signature checks today?

[zale]

These bailouts are the same as the 2008 bailouts. Janet Yellin’ about how this won’t cost the taxpayer is pure Orwell.

Same arguments, different year.

If you were in favor of the 2008 bailouts, you are in favor of the 2023 bailouts.

[shapsam]

Any issues depositing signature checks today?

They can be deposited as normal.

[Moshe123]

Everything is actually normal at Signature this morning. Business as usual. Good.

[Moshe123]

These bailouts are the same as the 2008 bailouts. Janet Yellin’ about how this won’t cost the taxpayer is pure Orwell.

Same arguments, different year.

If you were in favor of the 2008 bailouts, you are in favor of the 2023 bailouts.

The bailout in 2008 was horrible, but absolutely necessary to save the economy. It's easy to be against it without it actually not happening.
This isn't bad.

[Alexsei]

What implications will this whole fiasco have on Ukraine and the global fight for democracy?

[CountValentine]

How are we looking this morning?

[aygart]

You are risking the entire US defaulting, when will we wake up and realize that this national debt is not a joke, this can unravel faster than sivb collapse.

This is simple ignorance. This is not a taxpayer liability but rather on those who pay for FDIC insurance which are the banks.

[aygart]

Still haven't heard any understandable reason why we the taxpayers are bailing out the depositors uninsured money which is clear risk which everyone knows of.

Because this is not true and they aren't.