U.S Presidential Election | PUNT ROAD END | Richmond Tigers Forum
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U.S Presidential Election

TrialByVideo

HailBGale!
Mar 1, 2015
4,422
8,532
Meanwhile. ... as a Florida Man Announces Presidential Run.... Australia's richest woman is there in support.:vomit

I suppose if ya gonna have a bunch of *smile* strange bedfellows. .... bring the My Pillow guy along!
Good to see that Gina Rinehart believes the democratic process will be in safe hands if Trump gets back!

image.jpg
 

Baloo

Delisted Free Agent
Nov 8, 2005
44,113
18,925
That's a pretty bad fake, light is all wrong and is she 4'0"?

DS
Not sure it is a fake. It was posted on Eric Trump's Instagram feed by Eric (or whoever owns his Social Media work). What makes it look odd is most likely filters used by Eric to make sure he looks pretty
 

TrialByVideo

HailBGale!
Mar 1, 2015
4,422
8,532
That's a pretty bad fake, light is all wrong and is she 4'0"?

DS
Well.... she is short but she's sitting down I believe. .... Anyway the attached pretty much confirms she was there. .... right up front with that total *smile* wit Mike Lindell.
No doubt Roger Stone was lingering close by!

 

DavidSSS

Tiger Legend
Dec 11, 2017
10,525
17,876
Melbourne
Well there you go, Rinehart apparently was there, still a strange pic and no idea why she would want to rub shoulders with a loser like Trump.

DS
 
Jul 26, 2004
78,245
38,246
www.redbubble.com
When I was a kid we used to play Super Trumps in the 70s which was a card game. Was great fun.
This latest stunt from the orange Grifter though of Digital collector cards at $130 is narcissistic hilarity.

 

Brodders17

Tiger Legend
Mar 21, 2008
17,663
11,703
When I was a kid we used to play Super Trumps in the 70s which was a card game. Was great fun.
This latest stunt from the orange Grifter though of Digital collector cards at $130 is narcissistic hilarity.

But his suckers will buy them.
 

Redford

Tiger Legend
Dec 18, 2002
34,360
26,207
Tel Aviv
Interesting book. Although in saying that, maybe nothing that most half intelligent people that aren’t American, and live in another country, don’t already know.

But at least it’s another expose for Americans themselves I guess, and spotlights again a decayed, useless and dangerous component of their Constitution - even if so many continue to ignore the fact.

 

tigerman

It's Tiger Time
Mar 17, 2003
24,150
19,620

"Trump, the Fed and the implosion of one of America’s riskiest banks"​


"When the world’s most influential central bank raises interest rates by 475 basis points in 12 months it is probable that something unexpected and unpleasant will occur. It just did, with the biggest US bank failure since the global financial crisis and, in nominal terms, the second-biggest US bank failure in history.

Silicon Valley Bank’s implosion is directly linked to the abrupt and aggressive shift in US monetary policy a year ago, after the Federal Reserve Board belatedly recognised that the spiralling US inflation rate wasn’t as transitory as it had thought.

The federal funds rate (akin to the Reserve Bank’s cash rate) went from zero to 4.75 per cent, with further increases foreshadowed.
Conventionally that shouldn’t have caused distress in a banking system that is generally more profitable when rates are rising and banks can increase their net interest margins by earning more on their free and low-cost deposit bases by charging higher rates on their lending.

SVB, however, wasn’t a conventional bank. It was the premier lender to venture capital-backed technology companies, boasting that it was the banker to about half the sector.
That appeared a winning strategy during and in the lead-up to the pandemic, when tech companies were booming and investors were throwing cash at them. It challenged, however, a central tenet of conservative banking by giving SVB a near-total concentration on a single sector.


It also produced a highly unconventional balance sheet. Banks make money by borrowing short via deposits and wholesale funding and lending long through a mix of mortgage and business lending.
SVB’s customer base, however, was flush with cash and didn’t need credit. SVB had grown, rapidly – from just over $US50 billion ($75.6 billion) in assets in 2018 to more than $US200 billion in 2023 – alongside the start-up companies it had backed. Part of the deal for accepting the high-risk business was that those customers deposited their spare cash with the bank.

How could SVB have been allowed to construct such an unbalanced and exposed balance sheet? Where were the regulators?
After the 2008 financial crisis, the US Congress enacted the Dodd-Frank Act, which imposed far more stringent and intrusive regulation on all US banks, including tough capital and liquidity requirements and regular stress testing for all banks with more than $US50 billion of assets.

In 2018, however, Donald Trump (in the midst of his war on regulation of all kinds) proudly signed a bill that rolled back most of those requirements for banks with less than $US250 billion of assets, leaving only about a dozen of the largest and most systemically important banks required to meet the Dodd-Frank rules.
Trump, and many Republicans, pondered aloud at the time about getting rid of Dodd-Frank even for the largest banks but thankfully didn’t get around to it. The core of the US system is, as are most banking systems elsewhere (including Australia’s), stringently regulated, soundly capitalised, holds high-quality liquidity and is regularly and rigorously stress-tested.

SVB was approaching $US200 billion of assets in 2018 and was one of the banks which lobbied hard to be free of the regulations.

One of the key requirements of those regulations was that banks hold enough high-quality liquidity to sustain a run for 30 days. SVB didn’t last 48 hours. It is inevitable that the question of how sub-$US250 billion banks should be regulated will be revisited.


The SVB collapse should be contained and the decision by Treasury Secretary Janet Yellen, Fed chair Jerome Powell and the FDIC’s Martin Gruenberg to make a “systemic risk exception” and guarantee all SVB depositors, whether insured or not, will be “made whole” ought to reduce the risk of contagion. The same protections will apply for Signature Bank, which was closed on Sunday (US time) by New York state regulators. The Fed is also making funding available to any bank experiencing liquidity issues in the fragile post-SVB collapse environment."

"The episode, regardless of discrete impacts the collapse will have on other institutions and financial markets, is a reminder that big shifts in monetary policy do break things."

 
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Baloo

Delisted Free Agent
Nov 8, 2005
44,113
18,925
will Trump be arrested today? Yay or Nay?
Grilled Cheese Meme GIF
 
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