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konfab replied to the thread Silicon Valley Bank is largest failure since 2008 crisis, billions stranded.They are exactly the same concept. -
konfab replied to the thread Silicon Valley Bank is largest failure since 2008 crisis, billions stranded.The assets they have, which are treasury bonds, are worthless because of the interest rate increase. They are about as valuable to a...
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konfab replied to the thread Silicon Valley Bank is largest failure since 2008 crisis, billions stranded.What do you think you are doing when you put your money in a bank? It is an investment because they pay you for it.
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konfab replied to the thread Silicon Valley Bank is largest failure since 2008 crisis, billions stranded.It isn't taxpayers that will face the consequences. It is people who get hurt by high inflation.
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konfab replied to the thread Silicon Valley Bank is largest failure since 2008 crisis, billions stranded.Depositors who have less than $250k are insured, and have been paying for that insurance. So the collapse won't affect smaller...
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konfab replied to the thread Silicon Valley Bank is largest failure since 2008 crisis, billions stranded.Better them take the hint for putting their money in a bank run by retards than the people who had nothing to do with it taking the hit.
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konfab replied to the thread Silicon Valley Bank is largest failure since 2008 crisis, billions stranded.The benefitted when the times were good no?
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konfab replied to the thread Silicon Valley Bank is largest failure since 2008 crisis, billions stranded.Credit card companies will not loan you money if you are seriously in debt.
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konfab reacted to The_Librarian's post in the thread Strikers at Pelonomi Hospital in Bloemfontein armed with sjamboks as frazzled, terrified doctors warn that patients will die with
Like.
In the end it is my and your taxes that is getting used to pay for that. Then child grant fees. Then schooling fees. And it all keeps... -
konfab replied to the thread Silicon Valley Bank is largest failure since 2008 crisis, billions stranded.Republicans are no better in terms of their addiction to cheap money. Only difference is they at least have a portion of their party...
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konfab replied to the thread Silicon Valley Bank is largest failure since 2008 crisis, billions stranded.Poor are hit by inflation more than any other group. Their wages take the longest to catch up to it. Do you think Nancy Pelosi is...
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konfab replied to the thread Silicon Valley Bank is largest failure since 2008 crisis, billions stranded.No intervention means that reality is allowed to catch up with silicon valley. Reality is better for everyone. Look at SA with the debt...
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konfab replied to the thread Concerns over beggars regulating traffic at busy intersections during load-shedding.Better them hitting a piece of concrete than another car.
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konfab replied to the thread Silicon Valley Bank is largest failure since 2008 crisis, billions stranded.In other words, they are printing money and depositing it in the bank account of these depositors. The depositors benefit. But the poor...
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konfab reacted to The_Right_Honourable_Brit's post in the thread Silicon Valley Bank is largest failure since 2008 crisis, billions stranded with Like.
Correct.