looks like they patched the problem https://www.npr.org/2023/03/12/1162...o-protect-all-deposits-at-silicon-valley-bank
So they aren't using tax dollars, instead they are using money that was taken from businesses and pooled to be spent later. That sounds a lot like our "health premium" that isn't a tax.looks like they patched the problem https://www.npr.org/2023/03/12/1162...o-protect-all-deposits-at-silicon-valley-bank
looks like in Canada they were just loaning money to big business, not taking individual deposits thankfully.Apparently they had a Toronto branch...
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That sticks in my craw to this day.like our "health premium" that isn't a tax.
Conservatives: "Freedom! Remove all rules! Let the free market reign!"
Also conservatives: "The government should do something about this!"
This is EXACTLY what happened in East Palestine Ohio. And yet the Retrumplicans some how want to blame it on wokeism. It's time to tell America the rest of the world is watching and we're starting to laugh.It's funny watching the republicans south of the border flip flopping left and right over this situation. From everything I've learned it happened to begin with as a direct result of Trump removing regulations that were designed to prevent it. Now it's happening and the right is trying to blame it on Biden, of course.
Let it slide, i'm waiting on the sidelines to buy buy buy!And now Bank Suise is having a slide in shares , various CDN bank stocks dropped 3-5 % in the last wk . Here we go again.
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This failure in no way connected to regulatory reform, this bank failed because their investments were poorly diversified.It's funny watching the republicans south of the border flip flopping left and right over this situation. From everything I've learned it happened to begin with as a direct result of Trump removing regulations that were designed to prevent it. Now it's happening and the right is trying to blame it on Biden, of course.
errrr.... MAYBE.......This failure in no way connected to regulatory reform,