After California taxes it'll be a $150 and coupon for McDonalds.Ha, 300k? San Fran says hold my beer.
San Francisco to decide on Black reparations plan, $5M per person
Don't overlook the Alabama lunacy or numerous other red state samples.
It's not solely about stats, it's about people's lives. The sickness is national, nu matter what number your bias puts on it. So ha-ha-ing the mess just shows your own lust for violence. Eager to add to the disease, and uninterested in helping to cure it. Typical of far rightists and Republiar politicians who find excuses to maintain the status quo of the illness infecting the country.
How the Murder Rate in South Dakota Compares to the Rest of the Country – 24/7 Wall St.
Dumb as hell…. Just dumb as hell…. Read the first paragraph
San Francisco board open to reparations with $5M payouts
Payments of $5 million to every eligible Black adult, the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $97,000 for 250 years and homes in San Francisco for just $1 a family.
This story is making the rounds again? I posted this in a thread probably about a month and a half ago.Dumb as hell…. Just dumb as hell…. Read the first paragraph
San Francisco board open to reparations with $5M payouts
Orangeburst was convinced that state of California had seized SVB to pay the reparations.
He was pretty fired up the other night lol.
Trump Trump Trump TrumpThe foundation for the SVB mess, was a Donald Dump construct. Both Republiars and Democreeps had their greedy and dirty hands in it, though. And now they're begging for a socialism solution in the form of a federal bailout.
1. Banking experts reject Biden denial of Silicon Valley depositor bailout: 'This is certainly a bailout'
2. The SVB Collapse: Proof of a Rigged Economy
==================================================
Among the biggest changes was raising the asset threshold for "systemically important" institutions from $50 billion to $250 billion. Under the law, the Federal Reserve still had the right to apply the Dodd-Frank regulations to banks with at least $100 billion in assets if they chose to do so.
Trump signed it into law in May 2018, calling it "big deal for our country." The push to alter Dodd-Frank split the Democratic Party, and ultimately more than a dozen Senate Democrats joined Republicans to support the deregulations.
"It reduced stress testing, it reduced collateral calculations, it reduced the supervisory stress test and it enabled them not to publicly conduct or report their own company-run stress tests," Dennis Kelleher, the president & CEO of the nonprofit Better Markets, said of the 2018 law. "It blew a hole in several of the key financial stability protection rules."
Source: What to know about the Trump-era rollback of bank rules and Silicon Valley Bank's demise
I saw a news segment where the bank would have passed the stress test anyway. So the deregulation didn’t have an effect.The foundation for the SVB mess, was a Donald Dump construct. Both Republiars and Democreeps had their greedy and dirty hands in it, though. And now they're begging for a socialism solution in the form of a federal bailout.
1. Banking experts reject Biden denial of Silicon Valley depositor bailout: 'This is certainly a bailout'
2. The SVB Collapse: Proof of a Rigged Economy
==================================================
Among the biggest changes was raising the asset threshold for "systemically important" institutions from $50 billion to $250 billion. Under the law, the Federal Reserve still had the right to apply the Dodd-Frank regulations to banks with at least $100 billion in assets if they chose to do so.
Trump signed it into law in May 2018, calling it "big deal for our country." The push to alter Dodd-Frank split the Democratic Party, and ultimately more than a dozen Senate Democrats joined Republicans to support the deregulations.
"It reduced stress testing, it reduced collateral calculations, it reduced the supervisory stress test and it enabled them not to publicly conduct or report their own company-run stress tests," Dennis Kelleher, the president & CEO of the nonprofit Better Markets, said of the 2018 law. "It blew a hole in several of the key financial stability protection rules."
Source: What to know about the Trump-era rollback of bank rules and Silicon Valley Bank's demise
The foundation for the SVB mess, was a Donald Dump construct. Both Republiars and Democreeps had their greedy and dirty hands in it, though. And now they're begging for a socialism solution in the form of a federal bailout.
1. Banking experts reject Biden denial of Silicon Valley depositor bailout: 'This is certainly a bailout'
2. The SVB Collapse: Proof of a Rigged Economy
==================================================
Among the biggest changes was raising the asset threshold for "systemically important" institutions from $50 billion to $250 billion. Under the law, the Federal Reserve still had the right to apply the Dodd-Frank regulations to banks with at least $100 billion in assets if they chose to do so.
Trump signed it into law in May 2018, calling it "big deal for our country." The push to alter Dodd-Frank split the Democratic Party, and ultimately more than a dozen Senate Democrats joined Republicans to support the deregulations.
"It reduced stress testing, it reduced collateral calculations, it reduced the supervisory stress test and it enabled them not to publicly conduct or report their own company-run stress tests," Dennis Kelleher, the president & CEO of the nonprofit Better Markets, said of the 2018 law. "It blew a hole in several of the key financial stability protection rules."
Source: What to know about the Trump-era rollback of bank rules and Silicon Valley Bank's demise