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Sat Mar 18, 2023, 05:39 PM

Stop the false narrative. It was necessary, but it is a bailout.

Letís get something straight. It was a bailout. We, the American people, bailed out a lot of rich investors who had deposits in Silicon Valley Bank.



https://egbertowillies.com/2023/03/18/stop-the-false-narrative-it-was-necessary-but-it-is-a-bailout/

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Reply Stop the false narrative. It was necessary, but it is a bailout. (Original post)
egbertowillies Mar 18 OP
emulatorloo Mar 18 #1
egbertowillies Mar 18 #2
egbertowillies Mar 18 #3
emulatorloo Mar 18 #4
MichMan Mar 18 #5

Response to egbertowillies (Original post)

Sat Mar 18, 2023, 05:56 PM

1. No taxpayer money involved. Bank 'bailouts' are funded by taxes that banks pay.

Additionally the investors were NOT bailed out. They lost all their money.

I canít see your video because it is marked ďprivateĒ so I donít know what you said.

But please try to avoid inadvertently repeating false GOP points.

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Response to emulatorloo (Reply #1)

Sat Mar 18, 2023, 06:15 PM

2. This is not a GOP talking point. It is their doing!

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Response to emulatorloo (Reply #1)

Sat Mar 18, 2023, 06:16 PM

3. Sorry. The video is up now

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Response to egbertowillies (Reply #3)

Sat Mar 18, 2023, 06:18 PM

4. Thanks for update. No need to apologize, stuff happens.

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Response to egbertowillies (Original post)

Sat Mar 18, 2023, 07:33 PM

5. Yep, FDIC guarantees $250k in deposits

Administration is guaranteeing 100% of anything over & above that amount on top of the FDIC rules

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