Miscellaneous And Off Topic Subjects

[iam416]

LMMFAO. That is fucking fantastic, DSL.

DJT is going to have to put in some work on Truth Social today to beat that.

Can't wait for THE REMATCH!!!!

[Dr. Strangelove]

It's an amazing whopper. Only a "big tough guy with tears in his eyes" story can hope to match it.

[iam416]

The details really make it fantastic. As Mike noted, "well-dressed" is spectacular. But his dad telling "It's simple, they love one another" and then The Chairman, as if sensing people might not actually believe this entirely -- emphasizing "I'm not joking" -- I mean. JFC.

[Mike]

Biden's "I'm not joking" is right up there with Col. Jessup's "I'm here to help in any way that I can".

[iam416]

You believe me, Mike. You believe me when I say I'm not joking?.

[Mike]

Yessir.

[iam416]

You know, in about a year we're going to be neck deep in the worst election in the history of elections. The Chairman talking about how he made the decision to invade Normandy and DJT claiming that Ronald Reagan and his supporters are basically indistinguishable from AOC and her supporters. And, of course, railing in bark at the moon madness against someone who did something that DJT doesn't like.

The only mystery is whether DJT will manage to pick a VP even more dislikeable and terrible than Kamala. I'm fairly sure he can rise to the occasion.

[Mike]

The only mystery is whether DJT will manage to pick a VP even more dislikeable and terrible than Kamala. I'm fairly sure he can rise to the occasion.

It will be Kari Lake or MTG. So a dead heat with Kamala.

[Dr. Strangelove]

[CGVT]

It will be Kari Lake or MTG. So a dead heat with Kamala.

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[Da Geezer]

Yeah, it’s pretty disgusting that these guys aren’t accountable.

And let's not forget Barney Frank. After retiring from office he got a seat on the Board of Signature Bank, the other bank that was closed over the weekend. Barney never ran a business, and his bank failed because of exposure to crypto, but he will face no consequences.

[Da Geezer]

My economics is bad, but catering to one specific type of customer isn't risk diversification. It's a deliberate choice with known risks, both by the bank and depositers, that turns out to be no risk at all because all of us who pay taxes will cover that risk -- that vast, vast majority of whom don't have $250K+ deposits any fucking where.

The WSJ today had an article about how to be sure your money is all insured. The first way is to place it in a bank that is too big to fail.

The second is actually interesting. Certificate of Deposit Account Registry Service (Cdars) is a way where a lead bank places deposits over 250K in a rotation of several hundred banks in order that no one bank has more than 250K of anyone's money. Something you can do now that you could not do before computers.

[iam416]

Right. There are plenty of courses of action one can take to insure deposits fully. Putting it all in one bank is not one of them. But, hey, no harm, no foul!

[Whitley]

And let's not forget Barney Frank. After retiring from office he got a seat on the Board of Signature Bank, the other bank that was closed over the weekend. Barney never ran a business, and his bank failed because of exposure to crypto, but he will face no consequences.

And lobbied against his own law when he retired.

[Da Geezer]

And lobbied against his own law when he retired.

Well, he lobbied that the original onerous paperwork requirements apply to banks with 250B in assets, instead of a much lower threshold in the original bill.