The Big Banks Have Bailed Out First Republic, But Who Is Going To Bail Out The Big Banks When They Start Failing?

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by Michael Every single day there are more twists and turns to this new banking panic.  In fact, we just learned that the big banks have gotten together to save First Republic.  That is good news, because a collapse of First Republic would have been a major catastrophe.  But First Republic is just one in … Read more

Something more may be brewing. Fed pulled $207B from San Francisco FRB and distributed it across other regions – mainly NY and Richmond.

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by laflammaster Most banks that failed were in SF, one in NY. I’ve yet to hear a bank in trouble that’s out of Or near Richmond. Now that the SF run on the banks has been kind of quelled, looks like they need money somewhere else. I’m thinking there are more banks in need of … Read more

Look at these corruption headlines all from today…

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by CharlieFoxtrot Aloha suckers! Silicon Valley Bank’s failed CEO Gregory Becker escapes to his $3.1million Hawaiian hideaway days after being fired, leaving the chaos of the collapse in the dust https://www.dailymail.co.uk/news/article-11864495/Silicon-Valley-Banks-failed-CEO-Gregory-Becker-escapes-3-1-million-Hawaiian-hideaway.html Republic Bank President – who who along with other execs sold $12M of stock before bank collapsed – bought Ben Affleck and Jennifer Garner’s … Read more

The Federal Reserve just hijacked American democracy

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by Simon Black You know the old joke– “Predictions are hard… especially about the future.” And it’s true, nobody has a crystal ball. But it’s astonishing to see just how horribly wrong the people in charge can be in their predictions, especially about the very near future. You probably remember Joe Biden famously insisted in … Read more

Alert! MSM: new ChatGPT version, GPT-4 is new, and scary! 5 jaw-dropping things GPT-4 can do that ChatGPT couldn’t!

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by Digital mix guy At its core, the biggest change to GPT-4 is its ability to work with photos that users upload. One of the most jaw-dropping use cases so far came from an OpenAI video demo that showed how a drawing could be turned into a functional website within minutes. The demonstrator uploaded the … Read more

We are truly living in a dystopia filled with clowns…

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This person uses xe/xem pronouns because xe is not entirely human pic.twitter.com/Na3szqnlz4 — Libs of TikTok (@libsoftiktok) March 7, 2023 Drag queens do sexual themed performances in front of a baby who then hands them cash tips with the mom’s help pic.twitter.com/ywEAFy5Uhg — Libs of TikTok (@libsoftiktok) March 1, 2023 https://twitter.com/_/status/1635973802105638913 https://twitter.com/_/status/1630597593255247872 https://twitter.com/_/status/1636055891782033422 https://twitter.com/_/status/1631004465129029642 Biden … Read more

HERE WE GO: FDIC Demands Signature Bank Buyers Stop All Crypto Business: Report

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Authored by Helen Partz via CoinTelegraph.com, The FDIC regulators have reportedly required any buyer of Signature to agree to give up all cryptocurrency business at the bank… The United States Federal Deposit Insurance Corporation (FDIC) has reportedly asked potential rescuers of some failed U.S. banks not to support any crypto services. The FDIC regulators have asked … Read more

Why Can’t Conservatives Understand Concepts as Simple as National Character and Group Interests?

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by Chris Black The “legal” versus “illegal” immigration debate just never dies, thanks to the conservative fixation on “doing things the right way.” A scab worker is a scab worker.  These foreign workers come to America so they can undercut the American workforce.  It doesn’t make it any more moral or acceptable for them to … Read more

First Rep Bank execs sold $12M in stock BEFORE SVB crash: Chairman sold $4.5m, chief credit officer sold $2.5m in trades 2 days before crash

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First Republic Bank execs quietly sold $12M in stock BEFORE SVB crash: Chairman sold $4.5m, chief credit officer sold $2.5m in trades ending just two days before crash – and head of wealth management sold 73% of his shares worth $3.5m in January Executives sold $11.8 million worth of stock so far this year at … Read more

In New York City, a $100,000 Salary Feels Like $36,000

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Bloomberg (via MSN): For many, earning a salary topping $100,000 feels like a mark of success — but how far it goes depends on where you live. In New York City, that annual paycheck is worth just $36,000, after taxes and accounting for the steep cost of living. That’s according to an analysis of 76 of the largest US cities to see where $100,000 goes furthest by SmartAsset, … Read more