June 20, 2025

7 thoughts on “Asses&Villains: Buddy Bailout Edition

  1. CCM: Currently, reports of people across the country are waiting in long lines outside of Silicon Valley Banks as they are reopening today after the collapse on Friday.

    Officials say depositors will be able to access their money today as Silicon Valley Bank was the second-largest bank failure in U.S. history.

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    Meanwhile, back at the ranch:

    CNBC

    “Silicon Valley’s ‘greed and avarice’ have ‘finally come home to roost’ in SVB collapse, trader says”

    By Natasha Turak

    March 13, 2023

    SVB employees received their annual bonuses Friday just hours before regulators seized the failing bank, according to people with knowledge of the payments.

    And the bank’s CEO, Greg Becker, sold $3.6 million in company shares on Feb. 27, less than two weeks before SVB revealed the massive losses that prompted its collapse, according to regulatory filings.

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    I find it interesting that as a licensed professional engineer in corrupt, progressive NYS, where ignorance is what is taught to school children these days to make them good drones, and veteran’s disability benefits are unlawfully taxed as income while welfare payments are not, I have “cradle-to-grave” liability for ANY NEGLIGENT ACT I might commit (I don’t, so I don’t worry about it) as an engineer, there being no statute of limitations, while these BANKSTER LOOTERS (they are upper class, while I am a commoner) are never liable for anything and are never punished in any way, and get to reap the rewards of their LOOTING.

    My parents and my community sure did bring me up wrong to believe honesty is the best policy!

    HAH!

    Today, that is BULL****!

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    Times Union March 15, 2023: New York fourth-graders’ test scores twice as bad as nation

    Times Union March 16, 2023: New York lowers bar for student proficiency in math, English

    Last year’s much lower test scores will be the new baseline, a scoring committee told the Board of Regents, calling it the “new normal” as they lower the score needed to be proficient.

  2. The Hill

    “Democrats defend deregulation vote amid banking blame game”

    Story by Mychael Schnell

    18 March 2023

    Democrats on Capitol Hill are defending their vote for a 2018 banking deregulation bill that President Biden and other members of the party are blaming for last week’s stunning collapse of Silicon Valley Bank and Signature Bank.

    Forty-nine Democrats — 33 in the House and 16 in the Senate — plus Sen. Angus King (I-Maine), who caucuses with Democrats, joined Republicans in 2018 to pass the deregulation bill.

    Proponents of the legislation, which former President Trump signed into law, saw it as a way to provide relief to small and midsize banks that were struggling with rigorous regulations put in place under the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, which was enacted after the 2008 financial crisis.

    But a number of Democrats are now blaming that rollback for the failure of Silicon Valley Bank and Signature Bank — which were exempted from the regulations in 2018 — putting the measure’s Democratic supporters on the defensive as the banking blame game heats up on Capitol Hill.

    The 2018 bill — formally known as the Economic Growth, Regulatory Relief and Consumer Protection Act — exempted some banks from stricter Federal Reserve oversight and stress tests mandated under the Dodd-Frank Act by raising the asset threshold for those regulations from $50 billion to $250 billion.

    Silicon Valley Bank and Signature Bank both fell within that range.

    Silicon Valley Bank, a California-based institution that mainly catered to startups, was taken over by federal regulators last Friday after a massive run on the bank amid liquidity issues.

    Days later, state regulations seized Signature Bank, a New York-based establishment that largely did business with real estate companies and law firms, following another rush by customers to withdraw deposits.

    The Signature Valley Bank collapse is now the second-largest bank failure in American history, and the Signature Bank break down is the third-largest.

    Sen. Tim Kaine (D-Va.), who stood by his vote for the 2018 deregulation bill, told The Hill that the Old Dominion lost a chunk of its banks between 2010 and 2018 because small banks, faced with having to hire compliance departments, decided to sell to larger institutions, which led to branches closing and employees being laid off.

    “My community banks, as you get a few years into implementation, kind of laid this issue down.”

    “They said, hey look, a law that was designed to stop too big to fail is also accelerating too small to succeed,” Kaine, who is up for reelection in 2024, said.

    “Community banks, when the [2018] banking bill was put together, they’re like, we strongly support this.”

    “They were strongly supportive and they still are, and they’ve done well in Virginia in the last few years,” he added.

  3. CCM: At home, we are $32,000,000,000,000.00 in debt, why is Ukraine getting a penny?

    Another no brainer that one is – with no oversight whatsoever of that money and how it is spent, and no inspector general to monitor where that money goes makes Ukraine an IDEAL MONEY LAUNDRY as well as a source of graft, bribes and kickbacks for greedy US hack politicians who can never have enough lucre and boodle.

    If they don’t prime the pump by giving our money to Ukraine first, then the laundry won’t work properly and they won’t get anything back as a result.

    That’s why we are sending money to Ukraine.

  4. CCM: A George Soros DA decided to drum up charges outside of the statute of limitation after the PREVIOUS DA decided to pass and this is somehow legal?

    If this happens to Trump you should all be in fear.

    ME: I’m a whistleblower against corrupt government and made two very basic mistakes that will cost me and haunt me for the rest of my life: one, I blew the whistle, which is crime enough, and two (this is the unforgiveable part) I was right.

    At that point, the concept of equal protection of law totally disappears.

    What might happen to Trump happened to me long ago, but since I am a nobody on the world stage, it doesn’t matter.

    As to what is “legal” (a ridiculous term these days) it is what the man with the gun over there telling me I got to beware says it is.

    And then you have the burden of proving it is not so!

    And if you do that, then the sky falls on you!

  5. And as always, many thanks to the Cape Charles Mirror for having the courage and integrity to provide us nobody’s in America with a platform to talk about the life of a nobody in America who has been stripped of protection of law, period, right across the board, federal, state and local level, for the heinous crime of being too honest for government service in America.

  6. CCM: I really can’t take it anymore…

    ME: Hey, wow, how about that, me too – sick of this ****!

    23 MARCH 2023

    Dr. James McDonald MD, MPH
    Acting Commissioner, New York State Department of Health
    Corning Tower Building
    5 Empire State Plz.
    Albany, New York 12237

    RE: Three simple questions

    I: WHY IS THE NEW YORK STATE DEPARTMENT OF HEALTH INCOMPETENT?

    II: WHY IS THE NEW YORK STATE DEPARTMENT OF HEALTH A SOCIOPATHIC LIAR?

    III: WHY IS THE NEW YORK STATE DEPARTMENT OF HEALTH A PROTECTOR OF POLLUTERS?

  7. CCM: Biden says the report of a $1M+ payment from a Chinese energy firm to his family is “not true.”

    Someone should tell him that his own son already admitted it was true.

    1945

    “The Biden Family Can’t Hide From Its Shady Financial Past”

    Story by John Rossomando

    23 March 2023

    Fox News White House correspondent Peter Doocy asked White House Press Secretary Karine Jean-Pierre for comment as to if she had anything to say about the bank records that showed the president’s family members received over $1 million from HK Energy Limited.

    Doocy asked for what they had been paid for.

    “Look, I’m just not going to respond to that from here.”

    “Look, we have heard from House Republicans for years and years and years how — the inaccuracies and lies when it comes to this issue.”

    “And, I don’t even where to begin to even answer that question because, again, it’s been lies and lies and inaccuracy for the past couple of years and I’m just not going to get into it from here,” Jean-Pierre said.

    House Oversight and Accountability Chairman James Comer called on Biden to correct the record and his denial on in a letter sent to Jean-Pierre Tuesday.

    Comer’s letter to Jean-Pierre detailed every transaction made to Biden family accounts between Mar. 6, 2017 and May 18, 2017.

    “The American people deserve honest and transparent answers from President Biden related to his family’s questionable foreign business deals.”

    “The Committee requests that you, as President Biden’s Press Secretary, correct his March 17, 2023, statement that the evidence from the bank records is ‘not true’ or explain, in detail, which financial transactions in the chart below that he is disputing,” Comer wrote.

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