Hope This Makes You Feel At Home.

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https://contra.substack.com/p/anti-whiteism-the-new-american-religion

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Biden's initiation of ESG will cause investment results/performance to decline and government intrusion in social investing soar. It also enhances Fink's desire to become president, destroy our nation, grow government and move us further under the thumb of Socialism and eventually Communism.  Fink and his DAVOS devotees are dangerous and Perry, Soros, Blumberg and Fink must be stopped if America is to survive.

They have destroyed education, they have crippled it with their theories, they set upon our military, they have expanded and intruded upon our other social institutions with their nonsense.  It must stop but I seriously doubt whether the GOP, even with good intentions, can muster what it takes.

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Headline

I could have told you last November Silicon Valley Bank was a strong ‘sell’ based off my advanced stock picking system.

My system spotted this disaster from a mile away…

But BlackRock…the mainstream media… and government officials seem to only want to follow ‘woke’ agendas – and to overlook critical fundamentals that could get you crushed.

Folks, I’m a California native and know what’s it’s like be shunned by extreme liberals.

But for 40 years the data of my system has helped hard working Americans access more than 675 triple-digit winners... and to avoid financial disasters like the collapse of Enron and Lehman Brothers.

I will even reveal the next Big American Bankruptcy on the horizon in this video – FOR FREE.

You’re going to be shocked that this Wall Street darling is on the road to despair.

I’ll even give you the ticker for FREE so you can make sure this dreadful stock doesn’t take a chunk out of your portfolio.

All you have to do is click here… 

Regards,

And:

I am in total agreement. We cannot ignore corruption.  It is the rot of any society.

Dear Friend:

I am ready to put a bet right now that the Communists will manipulate everything in their power(and they have lots of power) to elect this idiot Biden  again.

Biden accomplishes their dream to ruin America. Obama started and Biden continues.

I do not see nothing to stop them !

And Trump helps to reach their objectives, as you see all day long they brought back the GIFT THAT KEEPS ON GIVING

The Republicans have a deep bench, but the Communists control everything  including the FBI and the CIA

One must wonder how America collapsed so fast with absolutely no resistance from anyone.

Writing articles is not a solution.

Max

Max:

That is why we have The Fed but Biden appointed scholars and students instead of qualified and knowledgeable bankers. He also seems to be obligated to bailing out Chinese technology start-ups that have not ripened.

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The End of Market Discipline for Banks 

The Editorial Board 

Financial regulators have ignored their post-2008 rule book to contain the latest banking panic. And on Tuesday Treasury Secretary Janet Yellen tore it up by announcing a de facto guarantee of all $17.6 trillion in U.S. bank deposits. Regional bank stocks rallied, but it’s important to understand what this moment means: the end of market discipline in U.S. banking.

Translation: Depositors needn’t worry about the safety and soundness of banks. Uncle Sam will make sure you don’t lose money.

This isn’t an explicit guarantee, but it’s close enough for government work. Dodd-Frank lets the Federal Deposit Insurance Corp. guarantee uninsured deposits under its “systemic risk” exception.” But banks must fail for the exception to apply and the systemic risk is supposed to be genuine. Regulators stretched that exception with SVB and Signature, and the Treasury Secretary is now making clear that they will stretch it again to prevent more bank runs on her watch. Ms. Yellen would court criticism in Congress if she straight up declared a guarantee for all uninsured deposits, but it’s now clearly implied

But why does she feel the need to provide this assurance if “the situation is stabilizing, and the U.S. banking system remains sound,” as she claimed? Perhaps because bank depositors and investors fear the trouble in banks is wider than she claims.

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A stable financial system requires clear and transparent capital standards, sound regulation, and above all market discipline to punish reckless behavior. The current panic has shown that none of those exist in the U.S.

Risk-weighted capital standards have made banks look healthier than they are. The Dodd-Frank regulatory architecture failed to protect against the interest-rate risk that landed Silicon Valley (SVB), Signature and First Republic banks in trouble. Market discipline fell sharply with the creation of too-big-to-fail banks as part of Dodd-Frank. Now Ms. Yellen is throwing out residual discipline by telling even uninsured depositors that they needn’t worry.

The consequences will be far-reaching even if the damage isn’t immediately clear. Bank executives won’t have an incentive to manage conservatively if they know their deposits aren’t at risk of fleeing. Large depositors will be less likely to spread their cash across multiple banks. Deposits and risk could become more concentrated at poorly managed banks that offer more customer perks, as happened at SVB.

Sen. Elizabeth Warren says no one should expect small businesses with more than $250,000 in cash to be savvy enough to know the difference between a well and poorly run bank, so deposits should be guaranteed. “The one exception I might draw to that is the billion-dollar depositor,” she told Roll Call.

But most mom-and-pop businesses don’t have more than $250,000 sitting in the bank. The small businesses she’s referring to are hedge funds, venture and law firms and well-funded startups. Many VCs didn’t do due diligence before parking money at SVB, but it’s not unreasonable to expect that they should.

Letting uninsured depositors at SVB and Signature take a modest haircut would have provided useful market discipline. The Administration is doing the opposite. It’s creating moral hazard that will seed future trouble by encouraging more risky behavior by bank management and reducing caution among depositors, investors and creditors

The Administration is presenting its intervention as a one-off. But once regulators do something, they create the market expectation that they will do it again. And if they don’t, the ensuing market panic will invariably impel them. Biden officials are crossing a Rubicon here, and they’re doing it essentially by fiat without approval by Congress.

Regulators have become all too accustomed to doing anything they want during a market panic, reaching for extraordinary power even in non-emergencies. Ms. Yellen may have shored up confidence in midsize banks, but the cost of her guarantee will be a less sound and safe U.S. banking system.

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