Banks have 7 times more unrealized losses than they did before the 2008 crash
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tribune
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Posted 10:46 am, 06/28/2024
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The righties are thoroughly pissed because the economy didn't collapse under Biden. They wanted to see mass unemployment and widespread poverty so that they could say: "There we told you so." Then they could keep their Republican seats and maybe add a few more. Well, we have the lowest unemployment figures ever, a healthy stock market and yes inflation much of which is contrived by gouging. But the righties would have been quite happy to see millions of people suffer as long as their desires were met. Sorry boys, not this time around. If you want poverty and desperation, you'll have to wait until the orange mutant takes charge.
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UnoFire
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Posted 8:01 am, 06/28/2024
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If you want to talk about the opening ceremony of The Senile Olympics....there are plenty of other threads, dumb bee itch.
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Foxnose
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Posted 7:28 am, 06/28/2024
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Oh, let's talk about the banks, or maybe, ......Ukraine......anything but the debate last night. LOL
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Fakey
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Posted 7:26 am, 06/28/2024
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Coulda YOU tell us why YOU feel that way?
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UnoFire
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Posted 7:09 am, 06/28/2024
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Maybe repealing dodd frank wasn't such a good idea...
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udfred
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Posted 9:56 pm, 06/27/2024
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Once again the Great Recession was caused by people borrowing money that shouldn't have been able to. Bill Clinton changed a law put in place after the Great Depression to keep that from happening.
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freerangethinker
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Posted 9:33 pm, 06/27/2024
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Just look at the chart anti posted. It shows a clear dip in 2018 and then recovery in 2019 to 2022. Then the worst drop in history that's still ongoing.
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smalltownman
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Posted 8:52 pm, 06/27/2024
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freerangethinker (view profile) | Posted 6:36 am, 06/27/2024 | | The unrealized losses in US banks have surged to a staggering $525 billion, nearly seven times the losses seen during the Great Financial Crisis of 2008. This colossal figure has now eclipsed the total reserves held by America's largest banks.
Adding to the chaos, the FDIC doesn't have enough funds to cover bank deposits, leaving a gaping hole in the financial safety net that protects your money.
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And we're sure you have facts to support your claims??
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freerangethinker
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Posted 8:22 pm, 06/27/2024
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According to you chart you are completely wrong. The 2018 dip was gone from 2019 to 2021. Then in 2022 it collapsed and has only gotten worse. At least be honest.
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UnoFire
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Posted 4:02 pm, 06/27/2024
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Anti, same reason they put the 2008 financial crisis on Obama (before he was even elected, much less inaugurated).
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UnoFire
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Posted 3:58 pm, 06/27/2024
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Facts don't matter to a crowd that is addicted to whining and blaming others for their own self inflicted problems.
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antithesis
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Posted 3:58 pm, 06/27/2024
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What's really interesting to me is that you can see that there were greater losses in 2018 than after the Bush Depression... so why weren't they blaming Trump for it?
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antithesis
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Posted 3:55 pm, 06/27/2024
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Just so that there are at least some facts in this thread...
https://www.fdic.gov/news/s...arter-2024
You can see that the decrease began in 2020, reversed in 2022, and then had another dip at the end of 2023.
Because facts just don't matter anymore...
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udfred
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Posted 3:44 pm, 06/27/2024
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tribune
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Posted 1:24 pm, 06/27/2024
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Does one of the dumm MAGATS that keep blaming Sleepy Joe for inflation not realize that it's GLOBAL? Inflation is lower in the USA than almost anywhere in the world. The economy is sound, and unemployment is at an all time low. So kwityerbichin and go ask your orange hero what he will do if he (God forbid) gets in the Whitehouse. What did he do before? Apart from making the filthy rich even filthier and richer, mismanaging the covid crisis, putting the USA further in debt than it ever had been and crashing our international credit rating. Nothing seems to come to mind, hull he didn't even collect the money for the wall
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Fakey
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Posted 1:15 pm, 06/27/2024
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Note from GoNC: this post was removed for trolling.
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UnoFire
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Posted 1:00 pm, 06/27/2024
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Seems like a personal problem that you're blaming the government for.
Standard incessant whining from fred.
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Anonymoose
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Posted 8:38 am, 06/27/2024
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Fixed rates take a larger down payment, higher interest rate and for a shorter term. So yes they are harder to get. Especially since Biden inflation has increased everything and the Fed has increased interest rates under the Biden administration.
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