I came across this is little story today, it's not breaking news. I suspect that a member of the housekeeping staff knows something about the bomb threat that required the sweep for weapons.
According to police in Secaucus, the bomb threat — which later was determined to be bogus — was called in to Hudson Regional Hospital on July 18. During a search, bomb detection dogs led investigators to an unlocked office closet containing dozens of firearms.
Among the weapons were 11 handguns and 27 rifles or shotguns, according to police. The closet also contained a .45 caliber semi-automatic rifle with a high-capacity magazine that was determined to be an assault rifle, and a 14-round high-capacity handgun magazine.
The arrested the guy the next day.
What the heck do you think this guy was doing? It sounds very ominous that he was keeping those weapons there.
We can empower police to fire bad actors, eliminate any bits of qualified immunity, and to pay for their own legal settlements rather than ask the tax payers to pay them. There's no reason that they can't provide their own professional insurance to cover their work related liabilities.
I gotta wonder what led the officers to suspect the women. The quoted article left that part out.
I suspect we're meant to assume racial profiling, but there are legal reasons to stop and search a citizen as well..
But they said the string of robberies were perpetrated by black males. I too wonder what made them stop the mother with her daughters. Common denominator here is that they were black and they were in that part of town.
In the aftermath of the 2008 financial crisis, Congress passed the Dodd-Frank Act to protect consumers and ensure that big banks could never again take down the economy and destroy millions of lives. Wall Street chief executives and their armies of lawyers and lobbyists hated this law. They spent millions trying to defeat it, and, when they lost, spent millions more trying to weaken it.
Greg Becker, the chief executive of Silicon Valley Bank, was one of the many high-powered executives who lobbied Congress to weaken the law. In 2018, the big banks won. With support from both parties, President Donald Trump signed a law to roll back critical parts of Dodd-Frank. Regulators, including the Federal Reserve chair Jerome Powell, then made a bad situation worse, letting financial institutions load up on risk.
Banks like S.V.B. — which had become the 16th largest bank in the country before regulators shut it down on Friday — got relief from stringent requirements, basing their claim on the laughable assertion that banks like them weren't actually "big" and therefore didn't need strong oversight.
Nothing but deflection. 2 bank failures this weekend. Address the problem of bailing out the millionaires and billionaires at this bank. That's all on this administration. Hasn't Biden been President for over 2 years now?
Nothing but deflection. 2 bank failures this weekend. Address the problem of bailing out the millionaires and billionaires at this bank. That's all on this administration. Hasn't Biden been President for over 2 years now?
What do you propose that Biden should have done? Perhaps he should have a nice, heart to heart talk with Peter Thiel, who is rumored to have triggered all this? I'm sure he is best buds with the man who put JD Vance into office.
What do you propose that Biden should have done? Perhaps he should have a nice, heart to heart talk with Peter Thiel, who is rumored to have triggered all this? I'm sure he is best buds with the man who put JD Vance into office.
The FDIC is already in place for things like this. Democrats wouldn't do this for the little guy. And the you have Barney Frank sitting on the board of Signature Bank. One of the great Democratic morons that led to the 2008! housing crisis.
Many of the depositors have payrolls to make, so they need access to funds. They may be -illionares on paper, but it's not that easy to liquidate securities . Making payroll is looking out for the little guy.
But they said the string of robberies were perpetrated by black males. I too wonder what made them stop the mother with her daughters. Common denominator here is that they were black and they were in that part of town.
Thanks for the clarification. I didn't realize that they were looking for males.
Many of the depositors have payrolls to make, so they need access to funds. They may be -illionares on paper, but it's not that easy to liquidate securities . Making payroll is looking out for the little guy.
Will they be able to use insurance? I know that probably doesn't help meet payroll now. I'll bet Greg Becker could more quickly get his hands on the 3.6 million he made last week to help with that payroll. Will we never learn that banks are simply incapable of putting anyone else's interests above their own? It's like passing out guns to bank robbers.
Many of the depositors have payrolls to make, so they need access to funds. They may be -illionares on paper, but it's not that easy to liquidate securities . Making payroll is looking out for the little guy.
You can spin all you want but everyone with money in there is not making payroll. It's a bailout for the 1% of the 1%.
You can spin all you want but everyone with money in there is not making payroll. It's a bailout for the 1% of the 1%.
Tell me you don't understand banking without telling me you don't understand banking.
Companies and people don't keep their money in a giant vault like Scrooge McDuck. They invest it and bank it until it's needed.
I listened to one story about a firm who contracts with a payroll company and didn't even have money in SVB. The payroll company pulled the funds to SVB to issue payroll, but the bank collapsed before it could happen. Now the firm is hurt and their employees don't get paid.
HiddenAngels
1,089 Posts
Oooh, that's a good idea...