The title of the post literally says billion

It's annoying that the real problem with banking isn't being addressed, and everyone is going about and using this latest "crisis" as an excuse to push their agendas.

The Fed, raising interests rates -- how does that help? The people buying up all the homes don't need a damn loan, they are busy using up huge piles of cash to create local monopolies. So -- that bunch of bull managed to stick and now they've got to have some new crisis for opportunists with lots of money.

So now we've got this new bank crisis. When the REAL problem that caused the "crisis" at SVB is that a few people can pull over $40 billion out of an account all of a sudden. And it's really crazy that the bankers have no control over that. They weren't insolvent. They weren't broke. They just couldn't cough up that much cash because some billionaires were spooked by some other billionaire yelling "recession!" And how do you get a recession? People don't want to spend money. Their efforts to stop inflation are ignoring that there isn't any inflation -- it's also a bunch of people with too much money and power, in a "marketplace" that isn't really competitive, and they can just raise their prices. Because they like money.

It makes me want to scream how much everyone is expertly ignoring the actual problems these days. And how many people buy it.

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Reports of "miracles" declined as cameras were invented and improved...coincidence?

"I'm not a pirate, I'm a privateer! We don't say things like RRR, thar she blows. We just say; give us your booty. Of course the raping and pillaging part is the same. That's just standard procedure, really."

Don't forget Nazi gold

No that's not all it's for. Also good for dodging taxes.

See also Bitcoin

Ah man I knew someone like this in the 80s. When he was released from jail he stole a car from the front parking lot and used it to go to a car lot for a different car.

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Not only that, but it's metal as fuck.

I mean I'm ignorant as fuck.

but it definitely seems like Swiss banking is only a way to launder money and hide stolen assets.

This is classic stuff for minor league baseball.

Paul Schafer co-wrote a song called "It's Raining Men". That day, it was raining whale meat. The beach was angry that day, friends.

I just went and bought one. I've spent $85 on way dumber shit.

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Agreed, Hershey's is bad but their Special Dark bar has no business being as good as it is.

" The thinking here was that the whale would be blown into small pieces, which would be eaten by sea gulls, and that would be that. A textbook whale removal...I am probably not guilty of understatement when I say that what follows, on the videotape, is the most wonderful event in the history of the universe."

Dave Barry's writeup of this incident will live in my memory forever.

Being in Oregon doesn't make things less weird, it makes weird things more normal.

back when I was a kid if I heard such news coming from the US I wouldn't even bother looking it up, unthinkable nonsense

A decade and No audit was done? No oversight at all? Wonder how much has been embezzled over the last 10 years

It is! I worked at a university and wasn't particularly experienced with accounting and finance but it was part of my new job. I read over all of the rules and guidelines and ran every report so I could get a handle on what was going on and found a glaring anomaly in the accounts when I went to reconcile them at the end of my first month. Money wasn't missing, there was basically a pot of money that hadn't been touched because no one seemed to know it was there and it had no oversight whatsoever. I pointed this out to the bigwigs in finance and they wouldn't believe me. I literally pointed to it on the finance report and they still wouldn't believe me. Multiple times I showed it to them. I used the money over the next couple of years to fund things that should have been funded but weren't and someone finally said "hey gopms where do you find the money for these things?" Me: "That pot of money I told you about multiple times!" They still didn't believe me! 5 years of me pulling rabbits out of hats to pay for things and finally someone said "no really, where is she getting the money from?" They were lucky that I was not stealing it from them

Lol, I want more stories like this. That sounds like a helluva panic-inducing mistake

Oh shit, touche. Haven't seen it actually