Sat Mar 18, 2023, 05:39 PM
egbertowillies (3,804 posts)
Stop the false narrative. It was necessary, but it is a bailout.
Let’s get something straight. It was a bailout. We, the American people, bailed out a lot of rich investors who had deposits in Silicon Valley Bank.
https://egbertowillies.com/2023/03/18/stop-the-false-narrative-it-was-necessary-but-it-is-a-bailout/
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5 replies, 253 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
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Author | Time | Post |
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egbertowillies | Saturday | OP |
emulatorloo | Saturday | #1 | |
egbertowillies | Saturday | #2 | |
egbertowillies | Saturday | #3 | |
emulatorloo | Saturday | #4 | |
MichMan | Saturday | #5 |
Response to egbertowillies (Original post)
Sat Mar 18, 2023, 05:56 PM
emulatorloo (41,142 posts)
1. No taxpayer money involved. Bank 'bailouts' are funded by taxes that banks pay.
Additionally the investors were NOT bailed out. They lost all their money.
I can’t see your video because it is marked “private” so I don’t know what you said. But please try to avoid inadvertently repeating false GOP points. |
Response to emulatorloo (Reply #1)
Sat Mar 18, 2023, 06:15 PM
egbertowillies (3,804 posts)
2. This is not a GOP talking point. It is their doing!
Response to emulatorloo (Reply #1)
Sat Mar 18, 2023, 06:16 PM
egbertowillies (3,804 posts)
3. Sorry. The video is up now
Response to egbertowillies (Reply #3)
Sat Mar 18, 2023, 06:18 PM
emulatorloo (41,142 posts)
4. Thanks for update. No need to apologize, stuff happens.
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Response to egbertowillies (Original post)
Sat Mar 18, 2023, 07:33 PM
MichMan (8,990 posts)
5. Yep, FDIC guarantees $250k in deposits
Administration is guaranteeing 100% of anything over & above that amount on top of the FDIC rules
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