Bailouts

Since the 2008 Global Financial Crisis, the US government has established a two-tiered banking system: the centralized system, made up of a small number of mega banks that lend to national conglomerates, the extremely wealthy, or members of the elite group, and the decentralized system, made up of small to…

A time for glass-half-full toasts celebrating all our incremental progress! With pronouncements that bigger wins are just around the corner … if only we could just shift “others’” behavior and attitudes to align with ours, to illustrate to them the “value” of nature, to get folks to agree to pay…

Steven McClurg, Chief Investment Officer of Valkyrie Investments Inc. For educational and illustrative purposes only. This is not a solicitation to buy or offer cryptocurrency or securities. Investments may be speculative, illiquid and there is a total risk of loss of principal. There is no guarantee that any specific outcome…

Even the shareholders got billions. — There’s only two days left in the Kickstarter campaign for the audiobook of my next novel, a post-cyberpunk anti-finance finance thriller about Silicon Valley scams called Red Team Blues. Amazon’s Audible refuses to carry my audiobooks because they’re DRM free, but crowdfunding makes them possible. For the apologists, the SVB…

Can you call the next one? Part 1 — On September 15, 2008, millions of Americans woke up to startling news. Lehman Brothers, an institution whose very name seemed synonymous with the financial industry, had filed for Chapter 11 bankruptcy protection, marking the largest bankruptcy filing in US history at the time (nearly $613 billion). The bankruptcy had far-reaching…

Domenica Tropeano University of Macerata, Italy “In the real world, not in the fictional one of finance theory, hedging works only if the state or the central bank is there to lend money to pay for margin calls.” The recent distress in banking (Silicon Valley Bank) has revived the discussion…

It’s got a private ski-hill! — I’m kickstarting the audiobook for my next novel, a post-cyberpunk anti-finance finance thriller about Silicon Valley scams called Red Team Blues. Amazon’s Audible refuses to carry my audiobooks because they’re DRM free, but crowdfunding makes them possible There are no libertarians in a bank run. No sooner had venture capitalists…

Joy-Ann Reid nailed it. Now that Silicon Valley Bank Libertarians were at the point of losing money, they found that government was necessary. Joy-Ann Reid nails it.

Banking Studies 101 First Lesson: You have nothing in common with Silicon Valley Bank (SVB) or Signature Bank or their big depositors. They are scarcely aware that little people like you exist. “Only the little people pay taxes” — Leona Helmsley. Second Lesson: When you give a bank your money…