Don't blame me, I voted for the other guy. (Politics General)
Violet Rose in The Rain 
@Violet Rose in The Rain
Don’t try and claim any kind of comparison between the totalitarian regimes of Stalin, Mao, Pol Pot, and the modern United States. This sounds similar to the childish claims of “slavery” when discussing the fact that you have to work to survive.
As it stands, every political development in America makes your statement even funnier.
Oh, a girl can dream.
BlitztheDragon 
So ya’s remember that Atlanta Forest protector who was shot by police, and the cops claim they opened fire and shot one of their officers? Well an independent autopsy has concluded that Tortuguita was shot repeatedly while sitting down with their hands up.
Summary execution.
SleepySteve 
Apples and Pears
@BlitztheDragon
Andre Dickens’ desire to emphasize city-state relations, ignoring that the state is run by Republicans who desire to bring segregation back to Atlanta and will use the police to get there, is gonna make him more hated than Eric Adams.
Andre Dickens’ desire to emphasize city-state relations, ignoring that the state is run by Republicans who desire to bring segregation back to Atlanta and will use the police to get there, is gonna make him more hated than Eric Adams.
(I’m from metro Atlanta so I know what I’m talking about.)
Background Pony #EC7E
@Violet Rose in The Rain
Kind of telling that the only ones not smiling in that photo are the children.
Kind of telling that the only ones not smiling in that photo are the children.
igotnopicks 
Monado User
@Violet Rose in The Rain
Those kids are not even smiling that’s the best part of this.
Those kids are not even smiling that’s the best part of this.
Dustcan 
Dogs
I’m suddenly reminded of all those times people cried “,No one wants to work anymore” and “Think of the children”.
I’m also remembering the push to ban not only abortions but also contraceptives and even Sex Ed.
Suddenly all those seemingly disparate ideas are actually connected.
Edit: Oh and West Virginia shooting down a bill that would ban child marriages. It’s all connected.
Meanlucario 
Time to get spooky
What are they even planing to use child labor for? What company wants is even willing to be associated with child labor in a time where its easier than ever to spread awareness of this shit?
Zaknel 
Mods-Ezekiel 33:11
Child labor was becoming taboo in America even before the government banned it. Why would they bring it back?
lonewolf 
U mad?
@Meanlucario
Not completely sure but I think under a certain age employees don’t have to pay them minimum wage.
Not completely sure but I think under a certain age employees don’t have to pay them minimum wage.
CaptainXtra
STOP KOSA!
@Zaknel
Because the Far Right Political fascists are flesh wearing monsters that have 0 care for humanity.
Because the Far Right Political fascists are flesh wearing monsters that have 0 care for humanity.
SleepySteve
Apples and Pears
Regulators have unveiled their plan to safeguard deposits at SVB.
Monday bank runs cancelled.
Ereiam 
Monde de merde
Yet another reminder that the United States are literally the only nation in the world that has failed to ratify the UN Convention on the Rights of the Child.
Background Pony #EC7E
So Yellen caved.Of course she did.
No, not really. If you look into the news reporting on this, there are two important takeaways. First, that their primary concern are the depositors (not the investors or owners of the bank, who would be covered if this was an actual bailout), and second, that the FDIC is selling off the bank’s assets to cover the money they will be making available to the depositors (which means the owners and investors are also ultimately the ones who will be taking the loss on this).
“During the financial crisis, there were investors and owners of systemic large banks that were bailed out,” Yellen said in an interview with “Face the Nation” on Sunday. “And the reforms that have been put in place means that we’re not going to do that again. But we are concerned about depositors and are focused on trying to meet their needs.”
Following the closure of Silicon Valley Bank, the FDIC said it created the Deposit Insurance National Bank of Santa Clara, to which insured deposits from Silicon Valley Bank were immediately transferred. All insured depositors will have access to their insured deposits by Monday morning, while uninsured depositors will receive an advance dividend within the next week, the FDIC said. Future dividend payments may be made to uninsured depositors as the FDIC sells Silicon Valley Bank’s assets.
Both of these points are also backed up in a statement made by the Federal Reserve Board on this issue, which also confirms that none of this is going to fall on the taxpayers.
No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.
Violet Rose in The Rain
@Violet Rose in The Rain
Don’t try and claim any kind of comparison between the totalitarian regimes of Stalin, Mao, Pol Pot, and the modern United States. This sounds similar to the childish claims of “slavery” when discussing the fact that you have to work to survive.As it stands, every political development in America makes your statement even funnier.Oh, a girl can dream.
So as it turns out, the photo was taking from a different law passing, which makes the impression slightly misleading but the news is still correct.
Meanlucario
Time to get spooky
@Violet Rose in The Rain
I mean, why have kids be around when a law about them is being passed.
I mean, why have kids be around when a law about them is being passed.
Ereiam
Monde de merde
@Background Pony #EC7E
All the same, I rest my case from two weeks ago about the Glass-Steagall Act needing to be reinstated.
Depositors ought to have more than political goodwill to safeguard them from having to foot the bill for the investors’ fuckups.
All the same, I rest my case from two weeks ago about the Glass-Steagall Act needing to be reinstated.
Depositors ought to have more than political goodwill to safeguard them from having to foot the bill for the investors’ fuckups.
Background Human
CHS, Class of 20XX
@Ereiam
Glass-Steagall wouldn’t have helped. SVB had its money tied up in Treasuries, which were “bank-eligible securities” under the old law. They were insulated from market downturns, but they were uniquely vulnerable to interest rate hikes.
Glass-Steagall wouldn’t have helped. SVB had its money tied up in Treasuries, which were “bank-eligible securities” under the old law. They were insulated from market downturns, but they were uniquely vulnerable to interest rate hikes.
Basically, they managed to fuck up in a way not even the guys who lived through the Great Depression could anticipate.
The stress tests required under Dodd-Frank might have caught the problem, but in 2018 Congress helpfully decided that banks with less than $250 billion in assets were no longer “too big to fail”.
SleepySteve
Apples and Pears
From WaPost
“President Biden on Monday sought to calm customers and investors fearful of a systemic crisis in the wake of the failure of Silicon Valley Bank.
‘Thanks for the quick action. In my administration over the past few days, Americans can have confidence that the banking system is safe,’ Biden said in an announcement at the White House. ‘Your deposits will be there when you need them.’
Officials had announced that depositors with money at the failed California bank would be paid back in full and able to access their money Monday morning.
Biden also said he would ask Congress and banking regulators ‘to strengthen the rules for banks to make it less likely this kind of bank failure would happen again and to protect American jobs and small businesses.’
He warned that there will be consequences for banks that collapse.
‘There are important questions of how these banks got into this circumstance in the first place,’ Biden said. ‘We must get the full accounting of what happened and why those responsible can be held accountable.’
‘Look, the bottom line is this: Americans can rest assured that our banking system is safe,’ Biden said.”
Got a feeling that bold statement is not going to age well, especially if an average joe regional bank (like Regions) gets caught up in the failures.
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