Now we’re talking
I’m just getting warmed up.
Also the worst 2% of children should just be executed each year. Some naysaying wimps will probably object, but I propose that anyone who objects should have to spend a week taking care of one of the little shitheads raised by awful parents.
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are post-term abortions now a thing?
Yes, because of the Woke Mob.
Having kids? What is this, the 50s?
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Your business address can be your home address, it cannot be a PO Box. Banks do not want to do business with shell companies and money laundering companies as the fines they get are massive.
SVB just didn’t ask for an address on the accounts? That goes against everything I’ve learned in my years working in banking.
The last time I opened a bank account, it felt like I signed as many forms as when I purchased and financed my condo.
Wage inflation is good and could let more parents stay at home with their young kids if that’s what they want. Wage inflation is, after all, paying workers more money. I don’t want to stop that.
good book on the subject:
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What the hell is going on with Credit Suisse?
It’s not clear to me why Credit Suisse needs rescued but they are the only large bank I’ve ever seen that consistently loses money just operating. Like even without all the fines and regulatory costs for their copious law breaking, they lose money on top of that!
They can take the boy out of Ohio…
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Yikes.
But seriously the Swiss National Bank injected 50 billion or whatever last week and now they’re orchestrating a takeover at like a quarter per share AND guaranteeing UBS liabilities? This shit is wild.
The bank faced as much as $10 billion in outflows a day last week, this person said. The regulators feared that the bank would become insolvent next week if not dealt with, and they were concerned crumbling confidence could spread to other banks.
Every central bank in the world is signaling that they will protect depositors. Why do people keep pulling their deposits? THIS IS NOT EQUILIBRIUM BEHAVIOR.
In case you are worried about FDIC limits for some reason, I recently learned that joint accounts are covered up to $500k instead of (and in addition to) $250k for individual accounts
But where are these people putting the money?
the too big to fail banks probably