Replies to post #210385 on DD Support Board and Research Team

[1manband]

It isn't bias. It is factual.

I suggest you read the NY Times Article on the subject. And believe me, when the NYT slams Democrats and the Administration, you know it is so serious that it cannot be ignored.

And it isn't a knock on the Democrats involved. If the Republicans were in power and a bank with 95% Republican money were going down, it is likely they would have done the same thing, which would be no less disgusting or harmful to the economy. That makes it a knock on American politics, which it most certainly is.

The claim by Yellen that the bailout was done to keep money in the regional banks has since been proven false, as her testimony in front of Congress yesterday saying they would not extend uninsured depositors at any other banks what they did to the politically connected SVB and Signature has re-ignited the very capital panic she claimed they were avoiding.

So yeah, it is political. "Saving" SVB and Signature has done nothing to "solve" the problem they claimed they were fixing. It has instead made it worse.

[CHUNKY44]

You can add me to the list of people biased against those that are politically connected. Also, you can add me to the list that thinks I'm replying to a moronic statement.