March 13, 2023

Jumping into the wayback machine to the glorious days of 2008.

I woke yesterday to about an inch of snow on the grass. It melted in the course of the day, but it remains cold. Today, it has snowed off and on without sticking. Hello Spring. 

The bank failures have a decided 2008 sense to them. They should. The same guy helped sink Lehman Brothers was a big honcho at the SVB bank in California. As an additional kick in the teeth, everyone at Silicon Bank got a bonus right before it collapsed. How about regulators pull back that money? 

Biden has decreed deposits over the insured limit will be guaranteed. 

Good luck collecting extra funds if you need your insurance above the stated limits. I’m a certain, nay positive, that the fact the major depositors and investors in SVB are among the largest Democrat donors had nothing to do with anything. Nothing to see move along. 

GM is laying off hundreds and offering voluntary “retirement” to thousands. 

Biden is ensuring we continue to have high gas prices by closing off prime oil fields. High gas = high inflation. 

This stuff seems to happen every time a leftist Democrat (redundancy warning) gets elected. 


1 comment:

Cappy said...

Take it from me (NatCity collapse in 2008): Everything in the bank is great. Until it's not.

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