March 10, 2023 - The Next Black Date in Economics?

The Off-Topic forum for anything non-LDS related, such as sports or politics. Rated PG through PG-13.
Hawkeye
2nd Counselor
Posts: 401
Joined: Tue Aug 03, 2021 1:37 pm

Re: March 10, 2023 - The Next Black Date in Economics?

Post by Hawkeye »

Sources, please. The statements coming out are running opposite your claim. I'm curious where you are hearing this.
Ben Shapiro
Do you even have a clue about what is going on, ajax? On what planet does the whole woke debate belong here? Some twat twitted something about wokeness and that's all it took for you to decide, "Yup, wokeness is bringing down the banking industry. Socialists!"
Maybe SVB should have looked at peoples qualifications for management positions rather than try to meet a diversity quota? The Democrat party and their partners in elite corporate America like SVB have continued to put incompetent people in charge because they met an intersectionality and diversity quota. This is what happens. Some of their higher ups were more concerned with launching lesbian awareness day than they were with making a return for their sharehholders.
No as always, it couldn't possibly have been the scamdemic. It was Trump's fault for the policies he managed to enact back in 2018, everything else had nothing to do with the current situation. Those who don't understand history are doomed to repeat it.
Ajax, come on. What happened with SVB and what is rocking the banking industry is pretty clear. It's valuable to move past the partisanship to see what is actually going on. You can go back to the OP and tell me what it gets wrong and why it's wrong if that helps.
[/quote]

I just don't see how Elizabeth Warren gets to blame what Trump did back in 2018 and not look at issues like the scamdemic or the precedents that are set by bailing out banks and encouraging this kind of risky behavior. It's almost as if the corporate elites believed their own propaganda about inflation and made some very poor investment decisions because of it.
Ajax wants to pretend this corporate greed is some new revelation that only started happening with Democrat Presidents.
If corporate greed were the issue than the market would fix that by the fact that companies that make bad decisions like this would go out of business. Yes some workers would have to find knew jobs and that's a shame but the alternative is to continue to incentivize this kind of wreckless investing.
The best part about this is waiting four years to see how all the crazy apocalyptic predictions made by the fear mongering idiots in Right Wing media turned out to be painfully wrong...Gasoline would hit $10/gallon. Hyperinflation would ensue.
Veritas
Hawkeye
2nd Counselor
Posts: 401
Joined: Tue Aug 03, 2021 1:37 pm

Re: March 10, 2023 - The Next Black Date in Economics?

Post by Hawkeye »

WASHINGTON, D.C. — Many are praising President Biden for his swift and decisive leadership this morning. In a set of forceful and clear remarks to the country's financial system, he called on all banks to stop collapsing immediately.

"Hey there, banks! Yeah, you! Stop it! I mean it! Not a joke!" said the President to a smiley face written on his thumb in Sharpie he mistook for one of his nieces. "You've collapsed long enough! I say, no more! That's enough, banks! Cut it out right now, or so help me I'll count to ten!"

The President then attempted to count to ten but got lost somewhere around the number four when he became distracted by the smiling face on his thumb and began sniffing it. "Oohh honey I like your shampoo! What was I saying again?"

Mainstream media, politicians, and Wall Street bankers all joined the call for banks to stop collapsing and vowed to never hold anyone accountable for any of this if it's the last thing they do.

At publishing time, the banks had still not heeded the President's command.
This is for you Moksha
The best part about this is waiting four years to see how all the crazy apocalyptic predictions made by the fear mongering idiots in Right Wing media turned out to be painfully wrong...Gasoline would hit $10/gallon. Hyperinflation would ensue.
Veritas
User avatar
Doctor CamNC4Me
God
Posts: 8979
Joined: Wed Oct 28, 2020 2:04 am

Re: March 10, 2023 - The Next Black Date in Economics?

Post by Doctor CamNC4Me »

Do Conservatives ever take responsibility for their own “F” ups?

Cons > "F"s something up

Also Cons > Why did Liberals make me do this?

Also also Cons > Libs fix this!

- Doc
Hugh Nibley claimed he bumped into Adolf Hitler, Albert Einstein, Winston Churchill, Gertrude Stein, and the Grand Duke Vladimir Romanoff. Dishonesty is baked into Mormonism.
Hawkeye
2nd Counselor
Posts: 401
Joined: Tue Aug 03, 2021 1:37 pm

Re: March 10, 2023 - The Next Black Date in Economics?

Post by Hawkeye »

Doctor CamNC4Me wrote:
Tue Mar 14, 2023 4:43 pm
Do Conservatives ever take responsibility for their own “F” ups?

Cons > "F"s something up

Also Cons > Why did Liberals make me do this?

Also also Cons > Libs fix this!

- Doc
Who exactly are the conservatives messing stuff up in this case Doc? They all look like Democrats to me.
The best part about this is waiting four years to see how all the crazy apocalyptic predictions made by the fear mongering idiots in Right Wing media turned out to be painfully wrong...Gasoline would hit $10/gallon. Hyperinflation would ensue.
Veritas
honorentheos
God
Posts: 3762
Joined: Mon Nov 23, 2020 2:15 am

Re: March 10, 2023 - The Next Black Date in Economics?

Post by honorentheos »

Hawkeye wrote:
Tue Mar 14, 2023 2:12 pm
Sources, please. The statements coming out are running opposite your claim. I'm curious where you are hearing this.
Ben Shapiro
What did he actually say about this -

Ajax: What's going to happen is that the government will bail out the people who chose to put their money into higher risk/return investments. This will then encourage other investors to take higher risks knowing that the federal government will ultimately bail them out, because no bank is too big to fail. How many homeowners in New Orleans have purchased flood insurance now, given the urgent threat that gets more likely each day due to global warming?
Do you even have a clue about what is going on, ajax? On what planet does the whole woke debate belong here? Some twat twitted something about wokeness and that's all it took for you to decide, "Yup, wokeness is bringing down the banking industry. Socialists!"
Maybe SVB should have looked at peoples qualifications for management positions rather than try to meet a diversity quota? The Democrat party and their partners in elite corporate America like SVB have continued to put incompetent people in charge because they met an intersectionality and diversity quota. This is what happens. Some of their higher ups were more concerned with launching lesbian awareness day than they were with making a return for their sharehholders.
You are arguing that SVB prioritized diversity hiring which led to bad management decisions?

Read that again and tell me you're racist without actually saying the words, "I'm racist". Then back up the claim their managers were diversity hires to begin with. I am pretty confident you're just making up an argument because it hits you in the feels.
If corporate greed were the issue than the market would fix that by the fact that companies that make bad decisions like this would go out of business.
Image
Vēritās
God
Posts: 1555
Joined: Sun Jun 12, 2022 2:51 am

Re: March 10, 2023 - The Next Black Date in Economics?

Post by Vēritās »

Hawkeye wrote:
Tue Mar 14, 2023 5:43 pm
Doctor CamNC4Me wrote:
Tue Mar 14, 2023 4:43 pm
Do Conservatives ever take responsibility for their own “F” ups?

Cons > "F"s something up

Also Cons > Why did Liberals make me do this?

Also also Cons > Libs fix this!

- Doc
Who exactly are the conservatives messing stuff up in this case Doc? They all look like Democrats to me.
None of you idiots in Right Wing la la land have managed to produce one single connection to the "Libs" over the SVB debacle. This is why you're reduced to arguing nonsense like the bank is "woke." WTF does that even mean and how does that make a bank go under? Its like you're not only economically illiterate, you're just plain illiterate all around.
"I am not an American ... In my view premarital sex should be illegal ...(there are) mentally challenged people with special needs like myself- Ajax18
honorentheos
God
Posts: 3762
Joined: Mon Nov 23, 2020 2:15 am

Re: March 10, 2023 - The Next Black Date in Economics?

Post by honorentheos »

Vēritās wrote:
Tue Mar 14, 2023 9:23 pm
Hawkeye wrote:
Tue Mar 14, 2023 5:43 pm


Who exactly are the conservatives messing stuff up in this case Doc? They all look like Democrats to me.
None of you idiots in Right Wing la la land have managed to produce one single connection to the "Libs" over the SVB debacle. This is why you're reduced to arguing nonsense like the bank is "woke." WTF does that even mean and how does that make a bank go under? Its like you're not only economically illiterate, you're just plain illiterate all around.
I saw a rather idiotic claim that their European risk manager based in London was too focused on diversity hiring and inclusivity. They apparently get to be blamed for the bank having an excessive increase in deposits that were put into low yield bonds. Now, some folks will realize that normally parking money in low yield bonds is a hedge, not a high risk gamble. But in the case of SVB they were severely over invested at a time when the normally safe bonds had been devalued by newer bonds with higher interest rates driven by actions on the part of the US Federal Reserve. This person is the one that gets blamed for that misjudgement. The one in London. Who is not in HQ. Who happens to be queer. It's their fault. WOKENESS IS DESTROYING AMERICA!

So this London-based executive is behind the second largest bank failure in US history. Sounds like a thing Breitbart would claim. Of course, that's the same rag that finds the idea Donald J. Trump urging people to fight to take back an election he claimed was stolen couldn't possibly be responsible for the January 6rh insurrection. What kind of god do people think Trump is that he could mind control that many people?

"WTF is wrong with folks like ajax?", really is a question for the ages.
Last edited by honorentheos on Tue Mar 14, 2023 11:28 pm, edited 2 times in total.
Vēritās
God
Posts: 1555
Joined: Sun Jun 12, 2022 2:51 am

Re: March 10, 2023 - The Next Black Date in Economics?

Post by Vēritās »

Maybe ajax suffers from post-Benzos addiction treatment as well.
"I am not an American ... In my view premarital sex should be illegal ...(there are) mentally challenged people with special needs like myself- Ajax18
User avatar
ajax18
God
Posts: 2717
Joined: Tue Nov 03, 2020 9:12 pm

Re: March 10, 2023 - The Next Black Date in Economics?

Post by ajax18 »

Vēritās wrote:
Tue Mar 14, 2023 9:23 pm
Hawkeye wrote:
Tue Mar 14, 2023 5:43 pm


Who exactly are the conservatives messing stuff up in this case Doc? They all look like Democrats to me.
None of you idiots in Right Wing la la land have managed to produce one single connection to the "Libs" over the SVB debacle. This is why you're reduced to arguing nonsense like the bank is "woke." WTF does that even mean and how does that make a bank go under? Its like you're not only economically illiterate, you're just plain illiterate all around.
So the leftist elites at the banks didn't realize interest rates would be raised in response to inflation? Or did they just believe Eluzabeth Warren's propaganda that trillion dollar Covid stimulus packages and Build Back Better spending boondoggles wouldn't result in the highest rate of inflation since Jimmy Carter? Or did they just know all along that if their risky investments failed the government would take whatever they needed to bail them out from working peoples paychecks with the help of 87,000 newly armed and aggressive IRS agents?
And when the Confederates saw Jackson standing fearless like a stonewall, the army of Northern Virginia took courage and drove the federal army off their land.
honorentheos
God
Posts: 3762
Joined: Mon Nov 23, 2020 2:15 am

Re: March 10, 2023 - The Next Black Date in Economics?

Post by honorentheos »

ajax18 wrote:
Tue Mar 14, 2023 11:37 pm
Vēritās wrote:
Tue Mar 14, 2023 9:23 pm


None of you idiots in Right Wing la la land have managed to produce one single connection to the "Libs" over the SVB debacle. This is why you're reduced to arguing nonsense like the bank is "woke." WTF does that even mean and how does that make a bank go under? Its like you're not only economically illiterate, you're just plain illiterate all around.
So the leftist elites at the banks didn't realize interest rates would be raised in response to inflation? Or did they just believe Eluzabeth Warren's propaganda that trillion dollar Covid stimulus packages and Build Back Better spending boondoggles wouldn't result in the highest rate of inflation since Jimmy Carter? Or did they just know all along that if their risky investments failed the government would take whatever they needed to bail them out from working peoples paychecks with the help of 87,000 newly armed and aggressive IRS agents?
Seriously, talking with you is worse than a Chatbot. At least a Chatbot tries to hide it's regurgitating words it doesn't comprehend. I'll say the same thing to you I said to Veritas earlier. This is not a partisan problem, it's a systemic one. Partisan gamesmanship is almost certainly going to hurt rather than help address the systemic issues involved.

If you happen to have a thought you self-generated feel free to share it. Otherwise we know where to find your taking points closer to their source made by people at least marginally able to comprehend the argument they are making.
Post Reply