WASHINGTON, D.C. — Many are praising President Biden for his swift and decisive leadership this morning. In a set of forceful and clear remarks to the country’s financial system, he called on all banks to stop collapsing immediately.
“Hey there, banks! Yeah, you! Stop it! I mean it! Not a joke!” said the President to a smiley face written on his thumb in Sharpie he mistook for one of his nieces. “You’ve collapsed long enough! I say, no more! That’s enough, banks! Cut it out right now, or so help me I’ll count to ten!”
The President then attempted to count to ten but got lost somewhere around the number four when he became distracted by the smiling face on his thumb and began sniffing it. “Oohh honey I like your shampoo! What was I saying again?”
Mainstream media, politicians, and Wall Street bankers all joined the call for banks to stop collapsing and vowed to never hold anyone accountable for any of this if it’s the last thing they do.
At publishing time, the banks had still not heeded the President’s command.
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I have heard, and would like confirmation, that even if deposits are ‘ insured ‘ , they can take a very long amount of time to make depositors whole. Issuing only a small fraction at a time. So you still may be stuck.
Doesn’t pass the sniff test . . .
Today is the day. Bye bye US economy
Credit Suisse might be failing.
The Saudis have said they won’t invest.
The credit default markets are pricing in a probability of default of 38%.
@WallStreetSilver . Mar 15
What about Deutsche Bank? They’ve been huffing zombie derivatives for a good long while now.
Martin Armstrong told Greg Hunter last week there is some crazy number in the ” Quadrillions ” in derivatives waiting to go ….poof !
Derivatives are fictional financial instruments, those quadrillions never existed, obviously.
Like the movie rollover the Saudis are out!
Then it must be closer to 76%
Hey it worked with the gas stations.
How does that guy still have a job? Never mind, don’t answer that.
B_MC- My only reaction to that Cramerism is, “RUN for the hills”!
Did the Biden cartel have any assets in these failing banks?
No they Bank with the State Bank of The CCP, Beijing Branch
Hard work and sacrifice is how you make it in muh free market… capitalism is REAL…reeeeee
The free market is fake and gay.
Babylon Bee vs. Brandon…dripping irony.
It’s funny because it’s true. The humor sort of writes itself in our weird ass society.