bailout


Silicon Valley Bailout Package Contents

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To celebrate the 3rd anniversary of COVID, and the Iraq War’s 20th, we’re being treated to a celebration of the 2008 economic collapse’s 15th with the government’s response to Silicon Valley Bank’s failure.

FDIC normally only insures deposits up to $250,000, but since SVB was the preferred bank of the economy’s whiniest libertarians, they’re getting a full bailout. Even the ones so opposed to diversity, they refused to diversify their accounts.

Printing money out of thin air is considered a laughable and juvenile response to the debt ceiling, yet it was done throughout the the post-2008 recovery by minting money to keep banks afloat and saying the magic/obfuscating words, “quantitative easing.”

The regulations that could’ve prevented this current wave of bank failures were rolled back during the Trump administration, but not without the help of many greedy/shortsighted Democrats.

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Mitch McConnell’s Antisocial Distancing

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Hope you and your loved ones are all safe. My wife’s been able to work from home, so we’re lucky. We left the house once for a walk around Franklin Park in Boston. Everyone observed good social distancing practices.

We’ve also been doing daily video chats with my parents, trying to keep their spirits up while they’re stuck at home.

A huge thanks to everyone who works in the service industry. They deserve so much more than $15 an hour. Every pandemic profiteer should have their ill-gotten gains taken away and given to every clerk and delivery person who’s keeping 300 million panicky people fed.

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