Biden has presided over three of four worst bank failures in US history

Discussion in 'Current Events' started by Bluesguy, May 5, 2023.

  1. Bluesguy

    Bluesguy Well-Known Member Donor

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    Of course the FED wants to place blame elseswhere. It is refuted above.
     
  2. FreshAir

    FreshAir Well-Known Member Past Donor

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    has Trump ever claimed bk and not paid back a loan?
     
  3. Egoboy

    Egoboy Well-Known Member Donor

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    It is supported more by actual banking experts than refuted by one very general statement from a Heritage Foundation stooge.... but if he's your boy, there's nothing I can do about that.
     
  4. gamma875

    gamma875 Banned

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    So all you have is delusional made up crap.
     
  5. Junkieturtle

    Junkieturtle Well-Known Member Donor

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    I wouldn't blame Trump for these bank failures if he'd been in office, and it's not Biden's fault either.

    It's the fault of the bank managers who made risky investments and didn't properly run their business and fulfill their duties to their customers. This happens time and again because bank manager are more concerned with profits and wealth than being responsible and ethical. And it will continue happening because, left alone, these bankers are entirely without morals and scruples. The only way you stop this is to regulate them and heavily penalize the people, including the executives, who do these things.

    Blaming the president, no matter who they are, is just hijacking this for political points and makes about as much sense as a periscope on the space shuttle.
     
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  6. Hey Now

    Hey Now Well-Known Member

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    Investment banks are separate from commercial banks, less overall risk to the entire system. Of course, much less competition and less profitable for those that love a casino business model.
     
  7. Nonnie

    Nonnie Well-Known Member Past Donor

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    Bidens control on bank regulation caused the failures.
     
  8. dairyair

    dairyair Well-Known Member

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    And when the crisis ended, the USA bank system came out stronger.
    New laws put in place, then some congress comes in years later and takes those laws away.
     
  9. dairyair

    dairyair Well-Known Member

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    It's not a coincidence.
    Republicans weaken bank laws and regulations and according to the OP, Biden come in and stabilized the bank industry.
    Then R's come back in a weaken the laws again. Now Biden has to clean it up again.
    If one takes the OP to be accurate.
     
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  10. Alwayssa

    Alwayssa Well-Known Member

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    LOL, now alluding that Biden was somehow calling the shots as President in all that time?

    Another conservative BS conspiracy theory here.
     
  11. Bluesguy

    Bluesguy Well-Known Member Donor

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    What was delusional and made up?
     
  12. omni

    omni Well-Known Member

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    What regulations caused the failures.
     
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  13. Alwayssa

    Alwayssa Well-Known Member

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    Or vice versa
     
  14. Alwayssa

    Alwayssa Well-Known Member

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    He never fully paid the small business contractors who helped build the Taj Majal in the 1980s, among other things. Even his own legal defenses, most of them if not all, are paid by the RNC, not him. He or his campaign have not paid the tens of thousands of dollars to El Paso and other communities for their services when he had the campaign rallies. A deadbeat politician.
     
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  15. nopartisanbull

    nopartisanbull Well-Known Member

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    Republicans on this site do often dwindle their thumbs, and ponder about a thread that would nag the Dems.

    Bingo! “Biden has presided over three of four worst bank failures in U.S. history”
     
  16. dairyair

    dairyair Well-Known Member

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  17. dairyair

    dairyair Well-Known Member

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    And fixed those failures and put in laws that tried to stop future failures.
     
  18. Bluesguy

    Bluesguy Well-Known Member Donor

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    All what time? He's been President for over two years now did you miss it or something?
     
  19. Independent4ever

    Independent4ever Well-Known Member

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    In fairness, Biden has no clue that he has been President the last 2 years

    Besides he is just doing whatever his incompetent handler tell him to do anyway..
     
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  20. Nonnie

    Nonnie Well-Known Member Past Donor

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    Biden's lack of.
     
    Last edited: May 6, 2023
  21. FatBack

    FatBack Well-Known Member

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    So if it was such a bad thing how come dear leader didn't reinstate the regulations?

    Is he powerless to do so? What exactly does he do as president? Besides make excuses for everything and tell lies
     
  22. omni

    omni Well-Known Member

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    The free market is supposed to solve itself. That is the golden rule.

    Sometimes a bank needs to fail in order for people to realize some regulations are needed. I guarantee you had Biden implemented regulations, people would be complaining.
     
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  23. omni

    omni Well-Known Member

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    Sometimes you need to let a bank fail to prove the free market won't solve itself. If Biden implemented regulations, the argument would be those banks are being hindered by Biden's policies.
     
  24. FatBack

    FatBack Well-Known Member

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    That's a convenient excuse for this happening under his watch.
     
  25. omni

    omni Well-Known Member

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    It's happening under de regulation which is what the right wants. You pray for rain you gotta deal with the mud. Don't blame Biden for deregulation.
     
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