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    Home » Howie Carr: SVB wokest to brokest bank overnight
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    Howie Carr: SVB wokest to brokest bank overnight

    Business KhabarBy Business KhabarMarch 15, 2023Updated:March 15, 2023No Comments
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    Howie Carr: SVB wokest to brokest bank overnight
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    Where do I’m going to get my free cash?

    Why should you and I and hundreds of thousands of different Americans who work for a residing bail out the Beautiful People who foolishly stashed their money in Silicon Valley Bank?

    Wasn’t the deal that you just needed to hold your steadiness underneath $250,000 to be protected by FDIC insurance coverage?

    I assume that rule wasn’t in impact should you had been woke, a member of a protected class or contributed sufficient to Democrat fats cats, or all the above.

    Here’s how America works now. If a Democrat fats cat makes an funding and it pays off, she or he reaps the income and sends a ten% kickback to the Big Guy.

    If the Biden bundlers lose their shirts, they ahead the unpaid payments to the taxpayers and flee on their non-public jets to Aspen or Palm Beach for a protracted weekend.

    Why aren’t Bernie Sanders and the faux Indian complaining about this sort of “corporate welfare” for the Politically Correct?

    Overnight, SVB went from America’s wokest financial institution to its brokest financial institution. Funny how that works, isn’t it? Just ask Disney, or Bed Bath and Beyond.

    What if as an alternative of being named after Silicon Valley, it had been the Permian Basin Bank, after that a part of West Texas stuffed with oil and Republicans? Would the PBB have been given a gold-plated instantaneous multi-billion-dollar handout?

    I repeat, the place do I’m going to get my bailout? I’m neither a MS 13 unlawful, a Ukrainian, a deadbeat hippie nor gender-fluid so I assume I’m bleep out of luck.

    I’m so weary of paying for everyone else’s handouts, to not point out their shiftlessness and irresponsible habits, whereas all of the grifters with their soiled paws out lecture me on my ethical failings.

    All day Sunday, the Biden administration stated there could be no bailout. Sunday evening they introduced a bailout. Monday morning, they blamed Donald J. Trump, identical to they blamed him for the prepare derailment in East Palestine Ohio, neither of which he had something to do with.

    It’s all scams, on a regular basis. The solely ones who aren’t getting infinite funds lavished upon them are the folks in Ohio, and everyone knows why. Their county voted 72 p.c for Trump. They’re deplorables, in different phrases. Bitter clingers.

    This newest payoff to Democrats comes every week after Biden’s “budget,” which was nothing however extra welfare.

    The Democrats don’t name it welfare anymore, after all. They have varied phrases for it. Equity. Human infrastructure. Environmental justice communities. Sustainability.

    Anything that features the phrase “subsidies,” or “expanded,” or “childcare” – it’s welfare.

    Here’s one other one: “tax credits.” They invariably go to somebody who’s not paying taxes, by no means has, and almost certainly by no means will – child-care tax credit, or earned-income tax credit, which underneath truth-in-lending rules could be known as unearned welfare non-tax credit.

    In the narrative of the Brandon price range, any person totaled up the phrases – fairness was talked about 63 instances, transgender 8, queer 7. The phrase border was used a mere 4 instances, fentanyl twice.

    Now the welfare-industrial advanced is complaining in regards to the finish of elevated meals stamps because the Panic hysteria subsides. One cause the Democrats stated the upper payoffs wanted to proceed was as a result of so many layabouts have gotten fats that they want further SNAP advantages to maintain them in Doritos and Ho Ho’s which would supply “sufficient energy to support current weight status.”

    The Globe did the professional forma story in regards to the non-working lessons devastated by the most recent cuts in welfare advantages. Naturally they went to Chelsea, the place they discovered a 44-year-old lady who’s seen her month-to-month food-stamp dole drop from $983 to $401 a month. She was questioning how she may feed herself, her mom, her two daughters and three grandchildren.

    No point out was fabricated from her husband, father, or sons-in-law.

    Another “single mother” from Chelsea was quoted as saying, “It makes me cry. They are not giving the amount you need.”

    She stated this in Spanish. However, there was one Spanish phrase lacking from the Globe story – trabajo. It means job.

    Everybody’s residing giant on the arm, even numerous native-born American residents. Because there’s no one minding the shop. Where had been the financial institution regulators when SVB’s wokesters, as an alternative of operating the financial institution, had been virtue-signaling at what they known as secure areas for variety and touting themselves as position fashions for queer youth and mentors for “migrants?”

    No one remembers him now, however Joseph P. Kennedy Sr. was the patriarch of what grew to become briefly the First Family. When he graduated from Harvard College, he grew to become a state financial institution examiner – as a result of he needed to be taught first-hand how monetary establishments labored.

    Do you assume any trendy financial institution examiners, state or federal, care about studying something in regards to the trade? Not like within the outdated days. Probably Joe Kennedy couldn’t even get employed at this time anymore, for apparent causes. Equity.

    Look in any respect the pandemic fraud. Hundreds of billions of {dollars} stolen. Make the SVB flim-flam seem like a five-and-dime shoplifter. The best quantity of fraud was in California, with the state’s Employment Development Department (EDD).

    As the Panic started, EDD suspended eligibility necessities. Guess what occurred. Just in 2020, $11.4 billion was stolen. A rapper named Nuke Bizzle posted a rap video known as EDD, together with the lyrics, “I done got rich off EDD… Ten cards, I’m swiping 10K a day. Countin’ up bills like a CPA.”

    I point out this as a result of the girl who ran EDD in California was simply nominated to exchange Marty Walsh as secretary of labor. Her final title is Su so I assume these are all of the {qualifications} she wanted. Equity.

    Where do I’m going to get my handout?

    Source: www.bostonherald.com”

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