The Economy

as long as taxpayer dollars are not going to bail out they/them

 

Support the troops! Wait, nevermind!

 

Isn't that the whole purpose of the FDIC, to protect depositors?

As for the investors, as the saying goes, sometimes you buy the dips, sometimes they buy you.

 

whatever you do, don't call it a

 

Boomers have been lining their pockets at the expense of younger generations for decades.

 

How have I been doing that?

 

and then there's the racism . . .

 

Well, the WSJ set blamed 2008 on minorities and poor people wanting to buy homes. This time it’s black and gay people on bank boards.

Progress….I guess?

 

Just shut up and gimme everything in the till, then open the safe.

 

OK, an honest question from someone with a very slim knowledge of the banking world.

In my neck of the woods, many of the local Podunk Savings and Loan presidents are posting statements such as "Silicon Valley Bank and Signature Bank are different kinds of institutions! We invest in Joe Blow's mortgage and Karen Smith's local business! Our finances and assets are rock solid, so don't panic!"

The fact that just about every local bank and credit union is posting these statements online (or sending them along to my newspaper) makes this cynical ol' reporter panic.

So if the FDIC or other federal insurers of depositors' assets are paying out a whole lot of money to contain the damage in California and New York, how does that red ink not spread further throughout the nation's banking industry?