this post was submitted on 27 Jul 2023
32 points (94.4% liked)
GenZedong
8 readers
1 users here now
This is a Dengist community in favor of Bashar al-Assad with no information that can lead to the arrest of Hillary Clinton, our fellow liberal and queen. This community is not ironic. We are Marxists-Leninists.
Serious posts can be posted here and/or in /c/GenZhou.
We have a Matrix homeserver and a Matrix space. See this thread for more information.
Rules:
- This community is explicitly pro-AES (China, Cuba, the DPRK, Laos and Vietnam)
- No ableism, racism, misogyny, transphobia, etc.
- No pro-imperialists, liberals or electoralists
- No dogmatism/idealism (Trotskyism, Gonzaloism, Hoxhaism, anarchism, etc.)
- Reactionary or ultra-leftist cringe posts belong in /c/shitreactionariessay or /c/shitultrassay respectively
founded 4 years ago
MODERATORS
Why did Radhika say USG couldn't bail out SVB? Didn't they get bailed out?
If I recall correctly, I think she was referring to the value of US bonds dropping. She was saying that SVB was holding bonds because they were supposed to be a safe investment, but due to rates going up that turned out not to be the case.
She said that too but she also said they couldn't get bailed out https://youtu.be/lSTLsHAGoVA?t=4887
2011 01:21:20,040 --> 01:21:22,020 Silicon Valley Bank and the other banks
2012 01:21:22,020 --> 01:21:24,239 that collapsed recently and and and by
2013 01:21:24,239 --> 01:21:26,580 the way another learning Factor
2014 01:21:26,580 --> 01:21:28,800 the United States government could not
2015 01:21:28,800 --> 01:21:30,360 possibly have bailed them out because
2016 01:21:30,360 --> 01:21:32,460 the fact of the matter is that the
2017 01:21:32,460 --> 01:21:34,320 American public knows the U.S public
2018 01:21:34,320 --> 01:21:37,800 knows that uh the last time it's the
2019 01:21:37,800 --> 01:21:39,719 banks that got bailed out so any
2020 01:21:39,719 --> 01:21:42,420 government that does it again is going
2021 01:21:42,420 --> 01:21:45,719 to face an enormous amount of popular
Ah right, I guess SVB did go under, it's the account holders who got bailed out in the end right?
Oh I see that's the difference. Thank you.