The Fed crammed deposits down the throats of banks via QEIt really is funny that the only bank that proposed just parking all the money at the fed and making that sweet free money was told "No". Lol.
The Zero Reserve requirement by the Fed encouraged banks to speculate.
Not happy with free money for nothing, banks invested deposits into long duration treasuries and mortgage backed securities.
Regulators at the banks and Fed did no duration risk analysis
As the fed hiked rates, total bank losses hit $620 billion.
Instead of making $253 billion in annualized free money, banks collectively managed to lose $620 billion. Way to go!
The style of the new anti-speech Democrat is clear: define all government critics as lacking standing to criticize, impugn their prior opinions and associations, imply that all their beliefs are conspiracy theory, define their lack of faith in the FBI’s judgment as treasonous, and declare their motivation to be financial. Lastly, when they invoke common constitutional rights, make a note that their activities exist in an uncovered carve-out.Sounds like a bulletproof bubble to me
The cheerleading, or at best indifference, by Democratic Party supporters and much of the left to these show trials will come back to haunt them. We are exacerbating the growing tribalism and political antagonisms that will increasingly express themselves through violence. We are complicit, once again, of using the courts to carry out vendettas. We are corroding democratic institutions. We are hardening the ideology and rage of the far-right. We are turning those being hounded to prison into political prisoners and martyrs. We are moving ever closer towards tyranny.Banana Republic
But this is a new thing. Montana has always been the site of land battles—but these warring factions are brand new. The Washington Post presents the risk as one-sided—that angry Trumpists are going to soon resort to violence because, well, that’s what they do when the modern world comes knocking. The media doesn’t notice that Trump flags are being raised in reaction to the rainbow ones, not in spite of them. The anger bubbling up from Three Forks isn’t happening because Montanans, left alone for decades, somehow developed into anachronistic bigots unready for the modern world. It’s happening because Montanans got their sh*t taken. They were intentionally shoved out, left behind. Their music, their signs, their cars, their language—they’re all born from a fresh wound.How dare those natives resent being colonized by the coastal elites
As these efforts go into full swing and the defectors pile up, Silicon Valley will have to institute Scientology-style restrictions of expression and behavior. These limitations will only create more defectors as internal reprimands become more reactionary. If you need help finding the psychology of Silicon Valley developers, mine HackerNews and IRC logs for sentiment analysis about their behaviors and allegiances.Spot on prediction, much like those of us who noted at the time that COIN would go as well as "Strategic Hamlets" did in Viet Nam.
