It's all good, I was havin' a laugh. All media love crises This is the root of the issue, they absolutely should not be bailed out. It always comes to the point where Yellen or Bernanke say that if they don't bail them out, the sky will fall on us, Armaggedon, Mad Max etc... But they will be, because of TBTF. To my mind, this is not a new crisis, it's just the continuation of the GFC. But this time the spark that lit the fuse seems to be FTX + Sam Bankman-Fried, and he is sitting around his parent's mansion on house arrest until his trial in November. That XXXX needs a lethal injection, IMO, but all this dodginess exists due to TBTF, the "Fed Put" or whatever you want to call it.. In time, we will find out that other banks were not adequately managed, risks were not hedged... blah blah blah.
The regulations have been strengthened since the GFC, but laws don't always prevent unscrupulous people from flouting them. No doubt there are, there's a lot players lurking in the shadows and it will probably be the big institutions that end up having to pay for all the bailouts.
In any case, these are interesting times if you aren't burdened with too much debt and have money to invest. As long as they are able to kick the can down the road, but with inflation so stubbornly high and with CB credibility at all time lows, maybe this time it really is different?
No different, they are experts in kicking the can. Ignore all the noise and just keep buying the dip!
So the Saudi gave a big "F*** You" to Credit Suisse. It really would be nice to have enough money to say screw you, and the 9% we own. Unlike most other investors, they can actually wear the loss.
Don't count yer chickens yet. This has been playing out for months, it started with the FTX collapse and will continue to play out over the course of the year.
And applying the same indicator as the 2000 dotcom bubble, 2011 silver, 2014, 2018 and 2021 crypto peak aka "The talk on the golf course", I can now officially declare that the banking crisis is over. You may now resume your normal seating position.
Same old shit at work today. Fatso shows up late and is ‘tired’, truck dropped a pallet of frozen product on the dock in the sun without telling anyone, someone who can’t speak English was assigned the critical paperwork, customer ran out of stock we promised. It’s a fukin crisis every day, bloody banksters hog the news.
It used to be one giant golf course, but alas, those days are over. As far as the botox goes, there's a lot more fat arses than fat lips. At least where I live.
There was no talk regarding gold, and I can't recall any talk regarding gold ever. Which could suggest that it's the play.
Of cause, there was no talk of gold! I just told you gold and bullshit do not mix, was that a bit over your level of comprehension?
Homophobic posts, transphobic posts or whatever the fuck sexual phobia posts you have will get deleted and you run the risk of being banned from threads. We don't live in the dark ages any more so keep your opinions to yourself regarding people's sexual preferences.
