General Discussion

grantcart

(53,061 posts)

27. Of course no tax dollars are involved in the recent bank take overs

Tue May 16, 2023, 06:03 PM

May 2023

And no funds were even taken from the FDIC.

The shareholders of the banks lost their shares and the purchasing bank bought the assets.

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48 replies

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@JohnFetterman to SVB exec Greg Becker:"Shouldn't you have a working requirement after we bail out [View all] BeckyDem May 2023 OP

"How awesome is that?" blue neen May 2023 #1

Yep, he is special. n/t BeckyDem May 2023 #4

That's a 10 on the awesome scale. harun May 2023 #21

Yes. They absolutely should be required to provide some marybourg May 2023 #2

I would settle for ... Caliman73 May 2023 #23

Oh Snap! montanacowboy May 2023 #3

A good Democrat. murielm99 May 2023 #5

Welcome Back, Big John! Deep State Witch May 2023 #6

This message was self-deleted by its author Orrex May 2023 #7

To think the PA state democrats would not endorse him when he ran for senator. Butterflylady May 2023 #8

Conventional wisdom in some quarters Pinback May 2023 #18

Western PA Kev80 May 2023 #9

Awesome post, thank you! BeckyDem May 2023 #14

Western PA Kev80 May 2023 #10

Privatize the profits; socialize the debts. That's their way. NBachers May 2023 #11

Always, and it runs rampant throughout our economy n/t hibbing May 2023 #22

If a bank is bailed out, I don't want anyone in charge of it to still be working there any longer MichMan May 2023 #12

That's my Senator! BumRushDaShow May 2023 #13

His being there is.... MyOwnPeace May 2023 #24

His wife Giselle BumRushDaShow May 2023 #26

dear mr . bank ceo. have you within the last 4 years ,sold or given away any real or other AllaN01Bear May 2023 #15

if a bank fails due to the incompetence of the execs moonshinegnomie May 2023 #16

But - but that would be (gulp) SOSHILISM! peppertree May 2023 #19

He's a keeper. housecat May 2023 #17

I love him geardaddy May 2023 #20

I love this man. TNNurse May 2023 #25

Of course no tax dollars are involved in the recent bank take overs grantcart May 2023 #27

The depositors were bailed out due to the outrageous behavior of SVB. BeckyDem May 2023 #28

What evidence do you have that the FDIC spent one dollar? grantcart May 2023 #29

I'm not sure what you are commenting re: Fetterman. BeckyDem May 2023 #31

Here is the process grantcart May 2023 #33

How the process works? Citizens Bank was under an obligation to take over the shares? BeckyDem May 2023 #34

FDIC strips the ownership from the shareholders which grantcart May 2023 #40

None of which would have needed to take place unless there was bad behavior. BeckyDem May 2023 #42

More than the insured amount was paid. Where did that money come from? And why?? Alexander Of Assyria May 2023 #43

+1 betsuni May 2023 #30

Bailouts for the filthy rich yet again Farmer-Rick May 2023 #32

There was no bailout grantcart May 2023 #41

The FDIC does use it's own money. Farmer-Rick May 2023 #44

Your article's sub title proves my point grantcart May 2023 #47

Yeah, you are right no tax dollars were harmed in the rescue of these banks Farmer-Rick May 2023 #48

Can't see it. Link not working? n/t CousinIT May 2023 #35

Eloon SilasSouleII May 2023 #36

Not working. Message says it's been taken down. calimary May 2023 #37

This should work: BeckyDem May 2023 #39

Yes. It does. Thanks! calimary May 2023 #45

Here ya go: BeckyDem May 2023 #38

Yeah, hard labor pfitz59 May 2023 #46