Economy is in the tank, banks are reeling, inflation is sky-high and there's more Biden isn't telling you

[candide]

8 minutes ago, riclag said:

For obvious reasons, it’s impossible to say for sure whether SVB might have been able to survive in an alternate universe without the 2018 rollback. And any bank collapse has numerous complex causes. So experts and advocates are divided on the extent to which the Trump law played a role in SVB’s downfall.

https://edition.cnn.com/2023/03/14/politics/facts-on-trump-2018-banking-deregulation/index.html

  First Republic Bank financial dilemma is  all during bidens watch not Trumps.

Nice try trying to deflect “all the blame on Trump”.

Experts are divided "on the extent", but several experts cited in the article support the claim that is is at least partly linked to the rollback.

 

BTW, how is Biden responsible for the bank's risky behaviour?

[riclag]

More economic bad news.
Another one ,this time even bigger!

 

“The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic Bank (FRC.N) under receivership imminently, a person familiar with the matter said on Friday, sending shares of the lender down nearly 50% in extended trading.

https://www.reuters.com/business/finance/first-republic-shares-gain-hopes-rescue-deal-2023-04-28/

[EVENKEEL]

https://www.usatoday.com/story/money/personalfinance/2023/04/23/mortgage-fee-structure-change-may-2023/11713841002/

 

https://www.foxnews.com/politics/bidens-mortgage-redistribution-plan-may-burden-one-minority-group-the-most-experts

 

In some cases, people with higher credit scores may end up paying more while those with lower credit scores will pay less.  

 

Wealth distribution is very much alive. Oh, you think because you're only middle class you're safe. All they (democrats) want is take, take your hard earned money.

Edited April 29, 2023 by metisdead
Odd formatting reset to normal.

[metisdead]

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