Charles Payne Hits the Nail on the Head – The Biden Action is a Bailout for Silicon Valley (theconservativetreehouse.com)
Charles Payne Hits the Nail on the Head - The Biden Action is a Bailout for Silicon Valley - The Last Refuge
The installed occupant of the White House said something today that is just brutally false on its face. From the words typed into the teleprompter of Joe Biden you hear, “No losses will be borne by the taxpayers. Instead, the money will come from the fees ...
It’s a bailout of Silicon Valley but what it really is, is a bailout of the DNC because that’s where the donations come from
Yeah so many Dem billionaire's businesses, or businesses in their portfolios, were in danger here. So they got bailed out; Payne is correct here.
wonder how many criminals there are in Silicon Valley? tech world
Most of them? I'm sure like in hollywood there are a few normal people who just want to make a living and help others make a living but most? Kiddy fiddling demons.
Both parties reward their biggest donors with government money.. Republicans in the pockets of oil companies and Democrats in the pockets of silicon valley
Edit: feds are here down voting
People who are hard charging tend not to care much about the law. So a lot. (Not to mention how many people in tech are not from this country and thus may not give a crap for our laws. Or understand them.).
The other part of the equation is how often you get caught. It doesn't seem like they get caught a lot. Not a lot of tech CEOs in prison, that I know of.
What it seems like is a lot of people doing whatever they want, whatever they can manage, and then law enforcement is slow or never. They are not, you know, mostly killing people or doing things that you can make an easy case for. Doing as much harm though.
And every time Democrats threaten tech legislation, coincidently political "donations" come rolling in.
How are they suppose to keep tabs on and censor us if their tech companies go broke?
It reminds me of the mafia. Every time they want the local shops to pay them more than threaten them but really they just want to up the price of the bribes
Why do you think tech spends 100s of millions per year on lobbying? Keep the network effect monopolies intact, keep the patent system weak and keep our immunity from censorship. The deal with the devil cut under Obama was that in exchange for the weak patent system, big pharma got FDA, NIH and CDC. How's that working out?
When I worked in VC we had to pay 0.17% in fees for every $ on our balance sheet. In 2011 they raised the fee to 0.19% or maybe even 0.21% (i cant remember exactly its been a long time) and our board/senior management screamed UNCLE because we were drowning in fees because our deposit base was growing so fast relative to our loan portfolio. We were a startup bank ourselves only a few years old - and we were in hypergrowth mode but having trouble finding as many people to loan money to during the early years of the 2008 recovery and the Obama decade of economic malaise. We couldn't invest other startups money in MBS coming off 2008 (obviously) and treasuries were yielding anywhere from 4 to 8 BPS at the time (this was peak European bank failure, QE2, etc). Our balance sheet was unbalanced because we couldn't keep anything off-balance sheet at the firm we partnered with because Bernanke refused to raise interest rates for YEARS like a jackass.
My boss and I literally led the project to move ~$200 million off our balance sheet by creating a "Blended CD" which was essentially a broker CD from another bank that was paying somewhere in the neighborhood of 0.17% interest and we would chip in the other 0.08% to "true up" to 0.25% interest. It was a pretty massive project having to keep up with all the accounting on how much $ we had to chip in to each CD to make sure they received the correct amount of interest on each CD. $250k in the 0.17% 90 day CD with X bank, $250k in the 90 day CD with Y bank, etc. But buy paying clients 0.08% instead of the ~0.2% in FDIC insurance it saved us a boatload of fees and made us look more attractive on paper since they were prepping us to go public or possibly be packaged off to be sold to a conglomerate bank.
Who do you think was ultimately paying my boss/myself salary + the blended interest? And who do you think was suffering from the fact that 90% of my time/attention was now devoted to this stupid ass project instead of servicing our clients needs?
Duh, the clients.
Fees don't just come from storks you fucking clownshoes administration.
They know the vast majority of the nation has no clue how any of this works INCLUDING the majority of congress. So they spew their talking points and rob us blind as the normies shuffle about confused.
Very insightful. Thank you.
It's a bailout for Biden to avoid an economic catastrophe on his watch. OPTICS at the expense of everything.
So when are we organizing a tax strike? Seriously, we’re 3 years without a single representative in government, 3 years of stolen elections with no audits, 3 years of political prisoners in America, 3 years of total censorship online. Any progress? Can you name one GOP rep doing something about any of the above?
So yeah, tax strike. When?
April 15 I reckon
i called that phone number and he actually answered
"Listen fat! I grew up in a black rhino household!"
Cut to OP calling the number and running into his own joke like Wile E. Coyote.
Conservatives are so adept at losing, that they only clap back when a "based minority" says something any of us could have figured out with a few moments of critical thinking.
Conservatives subscribe to the notion that opinions must be validated by a voice of color before it hits the public square. This is why we keep fucking losing. They destroy the country while calling us bigots and racists, and we only respond in a manner that doesn't make us seem like bigots and racists. They will label you anyways, who fucking cares?
its because the left in the government, media, schools, universities, everywhere the left has institutional control, have demonized white men so much that its not what the message is anymore, its who says the message.
You saw this decades ago when it was women who had to speak out against the kind of toxic feminism. Men "werent allowed" to talk about it.
Thats what "conservatives" do, they play the lefts game by the rules the left lays out, and its pathetic.
I just like watching the left melt down as a black dude goes against what they tell him to believe. It provides good entertainment regardless.
Eh... I don't think this is how the majority of conservatives are. I think its more of a RINO thing.
I think most people talk about a "based minority" because many minorities are conditioned from a very young age by parents/a parent or every other institution they are a part of that they are a perpetual victim who white America hates. I have seen tons of street interviews from people like Fleccas that ask why they vote DNC and they often say because their parents did it, like its just a generational thing programmed into them. I saw this with my own eyes when I was young with a black kid that lived in my neighborhood, his parents said some shitty things to him but it never registered much to me at that age.
So, whenever you see a minority that has clearly broken away from the programming and is able to see through the bullshit they are fed from all sides at an early age, you can't help but feel some respect for them. It doesn't mean I need them to validate what I believe, but I can recognize I was lucky to have parents who encouraged me to be great rather than encouraged me to be a victim.
Perhaps "validation" wasn't the proper term, and "certification" is. It's similar to how a document appears more official if a notary signed and stamped it.
For the left, it is a foregone conclusion that white people have no worth other than their taxable income. They openly hate and mock us. They equate us to a blight on mankind, blaming us for everything wrong in the world.
Their use of the word "ally" in progressive verbiage is more telling than you think. A white is only an "ally" if they devalue themselves before black and brown voices, and openly support the dilution of their community and culture. If a white is not an "ally," then clearly they are an enemy. It is a zero sum game.
The left exempts minorities from this paradox. Sure, they might be accused of being an "uncle Tom" or "internalizing white supremacy," but at the end of the day their voices are respected and uplifted.
Conservatives operate within this system. Instead of challenging it, they play by the lefts rules. And so that's why the new face of the conservative movement are blacks and Hispanics. Conservatives have quietly surrendered the notion that whites have value--and so, too, are desperate to uplift the voices of non whites. Because your politics cannot be taken seriously in the 2020s unless they are first certified by a non white.
Hence, the "based minority."
This was the first I heard of this today. I've not been reading. So anyways it helped someone.
Or a celebrity. For a group of people that "don't care about Hollywood or celebrities", we sure get excited when an avowed lefty liberal celebrity says one thing that validates one of our positions on something. Its promoted as gospel when one of them says it.
holy shit you dot_win for today
That's gay bro
I turned your brilliant hilarity into a meme!
Edit: But I missed a prime opportunity to call it "Fat and Balanced"...smh..
best man on fag news.....only bested by lou dobbs
Charles was hilarious on Gutfeld last week
Charles seems like the only one with even an inkling of what’s really going on. Varney is great too, but just for old man reasons.
Dobbs has been gone from Fox News for over 2 yrs
its the same picture dude
read your comment dude
Hey Big Bird!
dude what is this
Is this a cock? Homo!
I love referring to Charles Payne when people (racist Democrats) ask me to name a black person I respect
I remember almost dating a chick and she started talking about BLM. Said it was great, black people finally have a voice. Got tired of hearing that shit so I finally told her black people only show up to BLM events when they turn into riots and it isn't a voice for them.
So she started calling me racist, to which I responded, and I'm proud of this, "There's nothing more racist than a suburban white girl who has never struggled, thinking she knows what's best for black people." Linked her Thomas Sowell and peaced out.
The left wing, fully woke tech companies are prime Democrat loving entities. Are we surprised they will be getting a huge bailout?
Well Hello!! Remember? Obama??? Redistribution of Wealth right from his couch in his sweats.
Charles Is pissed, and why is he pissed, cause if it was his money and not the dem supports, they would have let him sink, and the big reason is HE KNOWS WHAT IS COMING AND HE DOESN'T LIKE IT
When was the last time an insurance agency voluntarily paid out more than it was obligated to? Someone is coercing the fdic to overpay.
The bank was just sold to a UK bank for 1 Euro.
And this bank will receive $250,000 for each and every account they have from FDIC for taking over a failed bank. Makes me wonder if the bank failed or if this was a bank merger and money laundering scheme
It's a bailout for peak woke.
Biden has to get campaign funds somehow!
I find it odd that this particular bank held so many green startups et. al. ... it's almost like it was planned and now money can be shifted, just another shell game.
Fox hosts rushing to provide cover for the greedy woke tech companies makes me nauseous.
(Hemmer and Martha, not Charles).
did you watch what he said?
Yes sorry that was in response to hemmer and Martha not him. I’m glad he called her out on it.
Obama gave $100s of millions of taxpayer dollars to Solyndra and other "green deal scam" that went bankrupt.
The Manchurian candidate gonna bail um out for his 10%
Reddit is cancer, but I do pop into the WSB sub from time to time to laugh at the pics. They just posted a similar thread, and I'm shocked that most of their commenters are in agreement with Payne!
I bet most of the commenters who took pot-shots at our left-wing government are falling over themselves to vote (D) next year.
If SVB is selling off assets to cover the 97.3% of the deposits that were not FDIC insured, how does this qualify as a bailout?
You are correct however how exactly do we know the assets are anywhere near the 97.3% required is probably a more pertinent question. The answer to that will be how much their loan book is sold for, their tangible assets by comparison would be irrelevant to the multiple billions owed to depositors or am I missing something? (The speed of this Fed/Treasury arrangement kicked in real fast and without any consultation...literally over a weekend which makes me awfully suspicious)
Because I was copied on an internal memo from Kleiner Perkins yesterday.
They looked at the books and sent out an advisory to their own clients.
This information is rock solid.
This is one subject that I'm actually going to say "trust me on this", as I cannot share the memo publicly. But this is what I do for a living, and I know this stuff pretty well.
Finally some good news....so the loan book is solid and will cover the vast majority of the depositors funds, hence the FED payout technically shouldn't be some outrageously staggering eye watering number, one hopes. (I tend to disbelieve pretty much everything put forward by government and their tentacle operations) but i do remember you mentioning working for Wall Street in the past and hence will have way better sources than anyone of us on the forum. Thank for the heads up. 👍
What went wrong? In a word: Inflation. In a few more words: The higher interest rates needed to combat inflation smashed the cheap-money expectations that SVB’s bond portfolios required
Silicon Valley is Chyna.
So they’re going to bailout the people that banned and censored us? Seems like the usual stuff for clown world. Can’t donate to the DNC if you lose all your money.
This whole thing will get worse because - yes - lib tards and their right side boot lickers did this to all of us.
The money will come from the trees
And no money for east Palestine.
California needs extra funds for Gavin Newspme’s run for President
But musks purchase of Twitter needs and ftc probe.
Remember when the establishment tried to crucify Charles Payne with the bullshit sexual harassment case? I think he gives no fucks at this point. I love the dude for his unbridled honesty.
So let’s bailout the whole bank but Palestine under a toxic cloud I won’t even consider.
It's a large transfer of wealth from one group to another.
This is nonsense but I will agree for political expediency. FJB!
Charlie, c'mon man, 10% is 10%.
(and Jho's having trouble finding bagmen to go to Ukraine.)
You know if I make horrible financial decisions, and can't make my mortgage payments I don't get a government bailout. I get an eviction notice and forced from my house.