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they already as a state needed a bailout. they gave massive pensions to a bunch of state employees that they can't afford. add that to their spendthrift ways and even before this they were fucked.

another bank has failed. Signature Bank of New York. buckle up buckaroos.

is there actual reasons to blame trump other than TDS? at a glance they are saying he got rid of some regulations but really all he did was carve out some exemptions so banks with less than $10B could be competitive, and raise the Too big to fail number that a bank has to hit for government...

Hate to break it to you but SBF was a big part of what was making Silicon valley work by the looks of things. without the venture capital going into these corporations that is a fair bit of the californian economy. looking at what is likely the second order effects of this we are going to see a...

I agree. will it sucker in the establishment of both parties and the lefties? probably. Left wing tends to stay in lockstep. if I were a betting man I would bet on the biden admin and congress making the incorrect decision and saddling us with yet another corperate bail out. how many republicans...

of course they are. and they are going to say if we don't do it Silicon valley is doomed and innovation in the US will die out and china will overtake us making it a national security thing. establishment republicans will likely jump on it with the dems in that case.

Apparently they handled a lot of Cali tech sector start ups. It got mentioned on TimcastIRL with Steve Bannon. Bannon was emphasizing that he believes that they will be going to congress for a bail out. if this bank does fail then a lot of multimillion dollar accounts are beyond FDIC insurance...