If It Walks Like a Duck& etc., etc. It Must Be a Duck!
What could be a more obvious criminal enterprise than a Blue government bailing out a Blue bank whose depositors are Blue investors who donate exclusively to the Democrat Party? The Silicon Valley Bank collapsed because they were unable to meet their obligations after a run occurred on the bank due to poor management. The bank, accruing significant losses not by fluctuations in the tech market as claimed, thats a ruse, but failed by poor management.
The reverberations have been felt around the world from Credit Suisse to Saudi Arabia.
The avalanche has started. The Silicon Valley Bank, SVB, went toes up losing $1.2 billion and, to the surprise of no one, the main characters cashed out before the collapse they knew was coming. The San Francisco branch of the Federal Reserve Bank, supposedly overseers of SVB did nothing to ally the collapse. Did they not know? Did they ignore the problem and, did anyone on the Fed profit by the collapse? The SVB was a woke Democrat supporting financial institution that could no longer withstand the challenges made to it in the fumbling hands of incompetents like Barney Frank, who, like Hunter Biden on Burisma, sat on the SVB board as a director.
SVB was heavily involved with loans to tech startups, but nobody else and after Wall Street became suspicious about what appeared to be the excuse of a slipping tech industry, the bank was left without capital to cover its losses. A small panic ensued, then, collapse. The Federal Deposit Insurance Corporation (FDIC) was left to pick up the pieces. Both Joe Biden and Janet Yellen said there would be No Bailout and yet they immediately did one. Weve seen this story before, that left the tax payers paying off the losses of criminals who drove their financial institutions into the dirt. Remember, the Trouble Asset Relief Program when Bush was president? They gave the favored bankers almost a trillion dollars to stabilize their institutions. Too Big To Lose was the mantra. It was the housing market collapse, selling unsupported mortgages in a vicious circle that precipitated the monetary chaos then. Today, the Biden administration supposedly guarantees deposit security including uninsured accounts above the FDICs $250,000 limit. As NBC News reported this will be taken out of the corporations Deposit Insurance Fund, though Bidens current line is that it will not cost taxpayers a dime. Thats fantasy land.Thats criminal and, after funding the Ukraine debacle, its helping drive America into bankruptcy. We cant afford another minute of Biden as president.
Can it possibly get worse? Yes, Janet Yellans Treasury Dept. was forced by the House Oversight and Accountability Committee chairman, James Comer, (R‑Ky) to give up long requested Biden family financial records to the his committee for review as the law prescribes. Ah, the plot thickens. Are the Bidens really the criminals everybody says they are or is it another Far Right Wing conspiracy theory? The question still remains, did the Biden crime family received a $3 million plus dollars fee paid by a business associate named John Walker, to Biden’s brother’s wife Sara Biden? Will other Biden business associates like Eric Schwerin, Devon Archer as well as corporate entities Rosemont Seneca Advisors, Rosemont Seneca Partners, Rosemont Seneca Technology, RSTP II Alpha Partners, RSTP II Bravo and Equity Distribution Trust, Hudson West III, Hudson West IV, Hudson West V, Owasco, Coldharbor Capital, Lion Hall Group and Skaneateles be made available for the Oversight Committee to investigate? Naturally, the course of this inquiry should specifically include Hunter Biden, the apparent front man for the Biden families wealth accumulation.
This corrupt administration has got to be brought to a close, sooner rather that later or well be selling off our nuclear aircraft carriers to China to pay off the debt. Remember the old joke: Why do ducks have flat feet? To stomp out flaming forest fires! Why do elephants have flat feet? To stomp out flaming ducks! Wheres the GOP? If it looks like a duck, walks like a duck and sounds like a duck, its probably a duck. Time to put out the fire, dont you think?
Remember, Freedom is the goal, the Constitution is the way. Now, go get em! (16Mar23)