Silicon Valley Bank has FAILED, becoming the largest US bank failure since 2008

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Originally Posted by Daly

Honest question.

Did you think, in some way/shape/form, banks aren't nationalized already?

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I still harbored some notion of banks as private businesses subject to risk like all businesses. I’m probably your average Joe in this regard.

This event will serve to promote a useful national conversation that will inevitably pose the question, “shouldn’t the Fed offer a utility for municipalities, big business and everyone else to deposit directly with the Fed in the same way as banks themselves do now” with all the explicit guarantees that would provide.

I think “they” find SVB a not unpleasant circumstance which dovetails nicely with the CBDC rollout. You will be begging for direct Federal banking.

“They” will be happy to oblige and are preparing as we speak.

And the hits just keep on coming.

https://www.cnbc.com/2023/03/13/sign...s-history.html

What's the quickest way to protect your money if you hypothetically have large amounts above the FDIC limit in some accounts? Never had to really worry about this shit before, but unfortunately two of the banks I primarily use are the type I think would be at risk of social media driven panic.

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Originally Posted by brutal_thinker

And the hits just keep on coming.

https://www.cnbc.com/2023/03/13/sign...s-history.html

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That’s huge. The guy whose name is on Dodd Frank was on the board of Signature and he’s head scratching the Fed move. He isn’t actually cause he knows the game but jeez.

I’m driven by privacy though that ship sailed long ago but I can’t believe the rate of change while everyone cheers on Ukraine, electric cars and gas ovens

You get the country you deserve.

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Originally Posted by VaughnP

What's the quickest way to protect your money if you hypothetically have large amounts above the FDIC limit in some accounts? Never had to really worry about this shit before, but unfortunately two of the banks I primarily use are the type I think would be at risk of social media driven panic.

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If you are married or have kids you can add them to the account. You get 250k coverage per owner.

The future is now

https://youtu.be/-FPuyMHo2N8

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Originally Posted by Tellafriend

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Originally Posted by Tellafriend

it's as if they had never heard of laddering their bonds. smh. nothing makes sense any longer. time to take my ball and go home.

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Daly, would you please respond to my post. i'm an outsider. you aren't. but it seems so simple and yet they failed. wouldn't this have prevented the run? and isn't laddering the standard of care here?

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Laddering would have helped that said the bond values were deteriorating across all maturities that it only would have helped so much. Its extremely fair to say it could have been managed better.

Let us also consider the amount of time involved here. Its not like these imbeciles woke up one morning and the bond portfolio took a 40% haircut and was the main asset against all deposits. These assholes should have self reported this to the Fed and the regulator should have made them do a capital raise.

Its a disgusting level of incompetence.

Quote:

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Originally Posted by Tellafriend

Quote:

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Originally Posted by Daly

Honest question.

Did you think, in some way/shape/form, banks aren't nationalized already?

If the federal reserve didn't step in here the X amount of billion it would take would have made TARP seem small.

As far as i can tell This isn't “a bailout”. If you owned shares of this bank you going to lose it. If thats not the case then Id have a much different feeling about all this. The fact remains If you have earned cash and you wish to enter it into the system of banking in the USA there needs to be an implicit guarantee that you will get said funds back. Thats a major part of fractional reserve banking with a “strong central authority”.

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why have we continued with the $250k limit farse? sincere query.

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I cant answer them all….. Im sure on some level nobody benefits from leaving money in a savings account. Not you, not the bank, not society……

The american way is if you gamble and lose then thats the way the cookie crumbles. Its the pursuit of happiness sort of thing. But if you want to sit it out with near zero risk at sub inflation rate return then these deposits need to be guaranteed by the US Banking system. Thats across the board if you a billionaire or a bum.

n

https://youtu.be/_1g3I9qyvF8

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Originally Posted by Sanlmar

Quote:

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Originally Posted by Daly

Honest question.

Did you think, in some way/shape/form, banks aren't nationalized already?

---

I still harbored some notion of banks as private businesses subject to risk like all businesses. I’m probably your average Joe in this regard.

This event will serve to promote a useful national conversation that will inevitably pose the question, “shouldn’t the Fed offer a utility for municipalities, big business and everyone else to deposit directly with the Fed in the same way as banks themselves do now” with all the explicit guarantees that would provide.

I think “they” find SVB a not unpleasant circumstance which dovetails nicely with the CBDC rollout. You will be begging for direct Federal banking.

“They” will be happy to oblige and are preparing as we speak.

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Think it some ways you answering your own question here. The notion you hold is being applied in real time. SVB was a private business. It fucked up bad. I cant say for sure yet but Im willing to wager a small sum they violated a lot of rules re: capital ratios for a chartered bank with access to the Fed Window. The depositors have their money. The executives and shareholders of SVB got zero.


A non bank with access to the window. Well these are allegedly highly regulated entities here that went titis up. Can you imagine a Enron situation with this sort of access? Dont think we get there but its fair to start asking whats the difference between bank/nonbank.

Quote:

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Originally Posted by Daly

A non bank with access to the window.

Well these are allegedly highly regulated entities here that went titis up. Can you imagine a Enron situation with this sort of access? Don't think we get there but its fair to start asking whats the difference between bank/nonbank.

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Oh no no no. The Fed Window is not at all what I’m talking about.

I’m talking about Central banks providing retail bank accounts to the general public - perhaps you can imagine eliminating the private banking entirely to more clearly picture what I’m alluding to

I think that clarifies my thoughts. We are discussing the endgame here.

Allegedly, fiat and CBDC will exist concurrently (at least for a while) filthy fiat is unwieldy and requires private banking necessarily. But you feel me.

This series of failures and the unusual response is a first step toward National conversation and a CBDC catalyst

It’s all the same ball of wax

This is unverified but entirely likely. This is opportunity in street clothes if you’re .gov

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Originally Posted by Daly

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Originally Posted by Sanlmar

I still harbored some notion of banks as private businesses subject to risk like all businesses. I’m probably your average Joe in this regard.

This event will serve to promote a useful national conversation that will inevitably pose the question, “shouldn’t the Fed offer a utility for municipalities, big business and everyone else to deposit directly with the Fed in the same way as banks themselves do now” with all the explicit guarantees that would provide.

I think “they” find SVB a not unpleasant circumstance which dovetails nicely with the CBDC rollout. You will be begging for direct Federal banking.

“They” will be happy to oblige and are preparing as we speak.

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Think it some ways you answering your own question here. The notion you hold is being applied in real time. SVB was a private business. It fucked up bad. I cant say for sure yet but Im willing to wager a small sum they violated a lot of rules re: capital ratios for a chartered bank with access to the Fed Window. The depositors have their money. The executives and shareholders of SVB got zero.


A non bank with access to the window. Well these are allegedly highly regulated entities here that went titis up. Can you imagine a Enron situation with this sort of access? Dont think we get there but its fair to start asking whats the difference between bank/nonbank.

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If I’m being fair in our dialogue I should respond to your characterization of everything having been resolved in a tidy and righteous fashion.

I believe SVB could have been liquidated as is the usual practice and prolly 90% of the depositors money would have been returned. That didn’t happen for reasons obvious to both of us.

A decision was made which will alter everything going forward. There are always consequences.

Tim Dillon cracks me up. Just found out he’s gay. Former mortgage broker… I shoulda figured right away.

Embedded Tweet

This is just divided America nonsense. The presses run for everyone buddy.

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Originally Posted by VaughnP

What's the quickest way to protect your money if you hypothetically have large amounts above the FDIC limit in some accounts? Never had to really worry about this shit before, but unfortunately two of the banks I primarily use are the type I think would be at risk of social media driven panic.

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Add beneficiaries.

Call up the bank (or go online if it has this feature) and add 2+ beneficiaries, payable upon your death. These people will NOT have any access to the money, or visibility into your account unless you croak. They do not have to be related to you.

You get up to $250k protection per beneficiary, and you can have up to 5. One beneficiary gives you the same $250k you'd get otherwise, but two would give you $500k, three would give you $750k, etc.

https://voca.ro/1dfhNWHua77O

https://youtu.be/WC2TWAmw2FM

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Originally Posted by Sanlmar

Quote:

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Originally Posted by Daly

A non bank with access to the window.

Well these are allegedly highly regulated entities here that went titis up. Can you imagine a Enron situation with this sort of access? Don't think we get there but its fair to start asking whats the difference between bank/nonbank.

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Oh no no no. The Fed Window is not at all what I’m talking about.

I’m talking about Central banks providing retail bank accounts to the general public - perhaps you can imagine eliminating the private banking entirely to more clearly picture what I’m alluding to

I think that clarifies my thoughts. We are discussing the endgame here.

Allegedly, fiat and CBDC will exist concurrently (at least for a while) filthy fiat is unwieldy and requires private banking necessarily. But you feel me.

This series of failures and the unusual response is a first step toward National conversation and a CBDC catalyst

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In a word, No. we are nowhere near being able to get rid of the current “banking layer”.

That being said you are raising some questions I haven't thought all the way through…… and few others have as well. Could we get rid of banks and deal direct with the Fed in 10-20-30 years? First blush thinks no but forever is a long time.

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Originally Posted by Sanlmar

Quote:

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Originally Posted by Daly

Think it some ways you answering your own question here. The notion you hold is being applied in real time. SVB was a private business. It fucked up bad. I cant say for sure yet but Im willing to wager a small sum they violated a lot of rules re: capital ratios for a chartered bank with access to the Fed Window. The depositors have their money. The executives and shareholders of SVB got zero.


A non bank with access to the window. Well these are allegedly highly regulated entities here that went titis up. Can you imagine a Enron situation with this sort of access? Dont think we get there but its fair to start asking whats the difference between bank/nonbank.

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If I’m being fair in our dialogue I should respond to your characterization of everything having been resolved in a tidy and righteous fashion.

I believe SVB could have been liquidated as is the usual practice and prolly 90% of the depositors money would have been returned. That didn’t happen for reasons obvious to both of us.

A decision was made which will alter everything going forward. There are always consequences.

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My “end the thread” quip was directed at the current temperature of the room over the weekend when there were people calling for shuttering up SVB and sending all the depositors $250K. That was the possible systemic disaster that was adverted. Im not sure people really understand what the end result of said decision would have been. Ill talk about Banking all day long.

Fact of the matter is if Paulson would have been told Lehman was going to be bankrupt Monday AM, knowing what we all know now, Im not sure he/“we” would have let that go down the same way. Its almost always going to be cheaper by a factor of 100 to patch up the issue and move on then to let it all unfold.

Is that the right thing to do? Maybe not. Crossroads of Ethics and whats practical. Personally I think so long as the executives and stockholders get wiped out its going to be a step in the right direction. And Im not normally a fan of lookbacks but the CEO/CFO/Other massive sale of stock 2-3 months ago is bullshit and should be returned to the creditors. All of them knew what was coming, even if it was “only” the shares being slashed by 90%. They sold as much as they could without looking like they were jumping ship.

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Originally Posted by Dan Druff

Quote:

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Originally Posted by VaughnP

What's the quickest way to protect your money if you hypothetically have large amounts above the FDIC limit in some accounts? Never had to really worry about this shit before, but unfortunately two of the banks I primarily use are the type I think would be at risk of social media driven panic.

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Add beneficiaries.

Call up the bank (or go online if it has this feature) and add 2+ beneficiaries, payable upon your death. These people will NOT have any access to the money, or visibility into your account unless you croak. They do not have to be related to you.

You get up to $250k protection per beneficiary, and you can have up to 5. One beneficiary gives you the same $250k you'd get otherwise, but two would give you $500k, three would give you $750k, etc.

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This, but really why would you have so much in cash anyways when you can ladder 3 month t-bills at nearly 5% that are fully backed by US government? Also most brokerages will sweep cash across multiple banks so you can get 1.25M of FDIC coverage on cash. Or you can buy a money market mutual fund that’s liquid and protected by SIPC insurance.

https://www.dailymail.co.uk/news/art...t-banking.html


REVEALED: Only ONE member of failed SVB's board had a career in investment banking - and the rest were Obama, Clinton mega-donors who 'grieved' when Trump won including one who went to Shinto shrine 'to pray'
Tom King, 63, was the only member of the Silicon Valley Bank board who had experience in investment banking
The others were major Obama and Clinton mega-donors, including one who cried when Trump won in 2016
The board is now being investigated for its failure to act ahead of the bank's collapse, as some argue it was too focused on being woke

By MELISSA KOENIG FOR DAILYMAIL.COM
PUBLISHED: 13:02 EDT, 14 March 2023 | UPDATED: 14:32 EDT, 14 March 2023


says it all. this is the oversight on loading up on 10 year notes at historic low rates.


what's not being said is that it is not the ordinary joes who were "bailed out." it was the Silicon Valley tops who had made a fortune and put a lot of it into the bank. they are big time Dem contributors and that is why this bank got its bailout, b/c if you think a regional out of Oklahoma would have, you are wrong.

but there's little if any difference b/n this and the last huge Covid bailout Pelosi (from SF) did which included yes, a bailout of the SF School district, which had somehow gotten into huge debt (how's that even possible?). so the Nation, you and I, subsidized the school system employees' pensions from SF whereas the rest of the country has to make due if they even have underfunded pensions at all, lol. All under the guise of Covid. the last inflation busting 1.7trillion bill bailed out some pension in either Chicago or Detroit, imagine that. it's all so perverse.

we are a terminally ill nation in its death throes while all the little piggies try to get their last suckle of their dying sow.

Quote:

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Originally Posted by Tellafriend

https://www.dailymail.co.uk/news/art...t-banking.html


REVEALED: Only ONE member of failed SVB's board had a career in investment banking - and the rest were Obama, Clinton mega-donors who 'grieved' when Trump won including one who went to Shinto shrine 'to pray'
Tom King, 63, was the only member of the Silicon Valley Bank board who had experience in investment banking
The others were major Obama and Clinton mega-donors, including one who cried when Trump won in 2016
The board is now being investigated for its failure to act ahead of the bank's collapse, as some argue it was too focused on being woke

By MELISSA KOENIG FOR DAILYMAIL.COM
PUBLISHED: 13:02 EDT, 14 March 2023 | UPDATED: 14:32 EDT, 14 March 2023


says it all. this is the oversight on loading up on 10 year notes at historic low rates.


what's not being said is that it is not the ordinary joes who were "bailed out." it was the Silicon Valley tops who had made a fortune and put a lot of it into the bank. they are big time Dem contributors and that is why this bank got its bailout, b/c if you think a regional out of Oklahoma would have, you are wrong.

but there's little if any difference b/n this and the last huge Covid bailout Pelosi (from SF) did which included yes, a bailout of the SF School district, which had somehow gotten into huge debt (how's that even possible?). so the Nation, you and I, subsidized the school system employees' pensions from SF whereas the rest of the country has to make due if they even have underfunded pensions at all, lol. All under the guise of Covid. the last inflation busting 1.7trillion bill bailed out some pension in either Chicago or Detroit, imagine that. it's all so perverse.

we are a terminally ill nation in its death throes while all the little piggies try to get their last suckle of their dying sow.

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This is an opinion piece masquerading as a fact. Can i say as a absolutle fact that a bank specializing in Oil and Gas out if Texas would have got the same treatment? No. I do think they would have though.

According to a report by the Times of Israel, the country’s two largest banks were able to transfer $1 billion out of Silicon Valley Bank to accounts in Israel before it was seized by the feds.


(((prolly just a jooincidence)))

https://twitter.com/GRDecter/status/...398547968?s=20

https://twitter.com/GRDecter/status/...014573056?s=20

https://twitter.com/GRDecter/status/...672785410?s=20

:lol2

Quote:

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Originally Posted by devidee

According to a report by the Times of Israel, the country’s two largest banks were able to transfer $1 billion out of Silicon Valley Bank to accounts in Israel before it was seized by the feds.


(((prolly just a jooincidence)))

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Got a link for said article? I went to the Times site, did a search and couldn't find it.

https://www.youtube.com/watch?v=tdB-cjcabvs

:lol3:lol2:lol4::lol

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Originally Posted by Sanlmar

Quote:

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Originally Posted by Daly

A non bank with access to the window.

Well these are allegedly highly regulated entities here that went titis up. Can you imagine a Enron situation with this sort of access? Don't think we get there but its fair to start asking whats the difference between bank/nonbank.

---

Oh no no no. The Fed Window is not at all what I’m talking about.

I’m talking about Central banks providing retail bank accounts to the general public - perhaps you can imagine eliminating the private banking entirely to more clearly picture what I’m alluding to

I think that clarifies my thoughts. We are discussing the endgame here.

Allegedly, fiat and CBDC will exist concurrently (at least for a while) filthy fiat is unwieldy and requires private banking necessarily. But you feel me.

This series of failures and the unusual response is a first step toward National conversation and a CBDC catalyst

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Because then the Fed Reserve banks would have that would

1) take away a major source of potential business from the FOR-PROFIT banks, and
2) require the Fed banks to figure out where to invest the moneys from all those additional deposits, which would again result in more government agency-funded competition for for-profit banks. And that is that last thing both conservatives and corporate Democrats would want. Hell! Are you a socialist or something??!

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Originally Posted by Daly

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Originally Posted by Tellafriend

why have we continued with the $250k limit farse? sincere query.

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I cant answer them all….. Im sure on some level nobody benefits from leaving money in a savings account. Not you, not the bank, not society……

The american way is if you gamble and lose then thats the way the cookie crumbles. Its the pursuit of happiness sort of thing. But if you want to sit it out with near zero risk at sub inflation rate return then these deposits need to be guaranteed by the US Banking system. Thats across the board if you a billionaire or a bum.

---

https://twitter.com/unusual_whales/s...366753280?s=20

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Originally Posted by Cerveza Fria

Quote:

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Originally Posted by devidee

According to a report by the Times of Israel, the country’s two largest banks were able to transfer $1 billion out of Silicon Valley Bank to accounts in Israel before it was seized by the feds.


(((prolly just a jooincidence)))

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Got a link for said article? I went to the Times site, did a search and couldn't find it.

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https://www.timesofisrael.com/tel-av...aeli-startups/

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Originally Posted by MumblesBadly

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Originally Posted by Sanlmar

Oh no no no. The Fed Window is not at all what I’m talking about.

I’m talking about Central banks providing retail bank accounts to the general public - perhaps you can imagine eliminating the private banking entirely to more clearly picture what I’m alluding to

I think that clarifies my thoughts. We are discussing the endgame here.

Allegedly, fiat and CBDC will exist concurrently (at least for a while) filthy fiat is unwieldy and requires private banking necessarily. But you feel me.

This series of failures and the unusual response is a first step toward National conversation and a CBDC catalyst

---

Because then the Fed Reserve banks would have that would

1) take away a major source of potential business from the FOR-PROFIT banks, and
2) require the Fed banks to figure out where to invest the moneys from all those additional deposits, which would again result in more government agency-funded competition for for-profit banks. And that is that last thing both conservatives and corporate Democrats would want. Hell! Are you a socialist or something??!

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Look here comrade, I’m a realist I’m the guy who would prefer to continue living my life in desperate anonymity. I’ll go further, I believe CBDC is the single biggest threat to privacy and freedom in our country.

I’m willing to wager the first time you read about CBDC was in a post of mine a year or two ago.

I’m just telling what is likely in the very near future. I follow who Binden and company have been staffing. I wrote about the Russian economist Binden nominated for Comptroller of Currency. I read all their white papers in my autistic fashion. It is very clear what appeals to the Fed and the current administration.

My best bud Daly drives a Ford LTD Country Squire with fake wood panel siding. He has a deep belief that the status quo will last forever. Barbecues, bouffant hairstyles and unfiltered Chesterfields. I see the appeal. I accept the world is changing fast instead. I’m used to not getting my way too.

The Fed has directly responded to the obvious competition with banks. Fed officials are emphatic that a federally issued digital dollar will not cut banks out of the banking system. The Fed even has offered suggestions as to how retail banks might compete with retail CBDC. It’s the elephant in the room.

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“The aggregate commercial banking sector balance sheet would likely decrease when retail CBDC is introduced”

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Retail banking will be different. Much different. You won’t have three regional bank branches at every 4 way intersection.

Banks can look beyond deposits for capital - Fed funds or commercial paper, repurchase agreements and the Federal Home Loan Banks. There is always a way to raise a bankroll to gamble with.

Look, China has industry and a form of capitalism too. They enjoy the NBA and barbecues. I just don’t want to live there.

This is so not over.

We haven’t seen short term rates suddenly fall like this since 9/11.

Now you have Credit Suisse which made the market rock and roll down and up today. Watching stories about the insurance market activity as banks hedge their collateral risk on derivatives b/c almost certain Credit Suisse failure. I admit that has been talked about for 20 years but… Is Credit Suisse too bag to SAVE? See if anyone has an article out there. Idk

When you have the banking system on the fritz like this “they” turn on the cash spigots. This just means inflation keeps cooking. Long term inflation was always my forecast.

Now a lot of people bet that rates would fall by year end. Good for them. Nice hit. That wasn’t me.

Rates may fall but banks are gonna get real tight on credit standards for borrowers for things like cars. That’s interesting.

Generational trading opportunity but we’ve been saying that for 4 years.

Yeah, things are not over.

Inflation for a decade. People think I’m kidding. What happens is you end up with civil unrest. This was seen in the 70’s. There was far far greater civility back then so buckle up. Idk if this messes with my political forecast. Gotta think that thru.

I need to look at Sonatine’s and CNBC’s girl, Cathy Wood, and her Tesla and Coinbase etc. what a shit show. Just crazy crazy times. Is she involved in this banking stuff? I have a hunch. She is a mush.

Another ramble. If Fed “buys” the regional bank’s treasuries at par (even though they are under water) is that some perverted affect that treasuries are getting subsidized?

Cant be 31T debt with ~3.5T in annual tax receipts and sit here and tell everyone that they don't want inflation. Inflation was always the plan. It was the way out.

Me and my family truckster, my house that i own, my gold and silver and my BTC will try and find a way out of this.

I never bought into the millennial way of not owning anything and renting house/car/etc.

Do we really need over 10,000 different banks, credit unions and financial institutions?

Let's go from over 10,000 to 10.

Invest in Bitcoin.


https://static.toiimg.com/thumb/msid...4/98634095.jpg

https://cdn.coingape.com/wp-content/...eme-2022-2.jpg

Why is San going on about CBDC in the bank thread?

Cause no economic disaster shall be squandered

Announced today



Shoutout to dwai a couple pages ago. Not wrong

Drops mic.

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Originally Posted by Daly

I never bought into the millennial way of not owning anything and renting house/car/etc.

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You have me reeling. Not gonna lie.

You self identify as a millenial?

We have so little left at PFA and now this. I’m a little depressed tbh.

It explains your sense of history though.

I’m gonna need some time.

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Originally Posted by Sanlmar

Why is San going on about CBDC in the bank thread?

Cause no economic disaster shall be squandered

Announced today



Shoutout to dwai a couple pages ago. Not wrong

Drops mic.

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Originally Posted by OK2

I wish they would just employ the (heeb™) whip it out and see method with CBDC's instead of all the bullshit coming down the line

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They didn't fuck around, flopped it out with a shit eating grin to go with it.

The question is, how many are going to drink what it shoots out? My guess is nearly everyone.

"The SVB collapse must be Joe Biden’s fault and the woke mob." -Boostedfaggot

MumblesBadly: I love how the MAGAtards don’t realize that you are being facetious.

Everyone realized that, you stupid fucking reject. Nice job revealing how lost you are, very fitting profile picture. Go deeper and disappear completely.

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Originally Posted by Sanlmar

Quote:

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Originally Posted by Daly

I never bought into the millennial way of not owning anything and renting house/car/etc.

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You have me reeling. Not gonna lie.

You self identify as a millenial?

We have so little left at PFA and now this. I’m a little depressed tbh.

It explains your sense of history though.

I’m gonna need some time.

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LOL I was going to say something but decided against razzing out of respect.

The White House “acted swiftly and decisively to protect the American economy and strengthen public confidence in our banking system,” Newsom said in a statement. What Newsom didn’t mention is that it also protected his own companies if they held over $250,000 in deposits.

CADE, Odette, and PlumpJack, three wineries owned by Newsom, are listed as clients of SVB on the bank’s website. Newsom also maintained personal accounts at SVB for years, according to a longtime former employee of Newsom’s who handled his finances, and who requested anonymity to avoid professional reprisal.

Newsom also failed to mention his wife's professional ties to the bank. In 2021, SVB gave $100,000 to a charity founded by Jennifer Siebel Newsom, the California Partners Project, at the request of Newsom. SVB Capital President, John China, sits on the Board of Directors of the charity.

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Originally Posted by limitles

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Originally Posted by OK2

I know

It's absolutely disgraceful

ESG is cancer

Related:

https://www.zerohedge.com/markets/co...ool-admissions

America’s top medical schools, worried they have too few minority students, are doing something about it.

They are lowering academic standards for admission and trying to hide the evidence.

Columbia, Harvard, the University of Chicago, Stanford, Mount Sinai, and the University of Pennsylvania have already done so. The list already tops forty, and more are sure to follow.

After the covid capitulation career comfort clinging cult corrupt cringe crew completely castrated their credibility they're now adding even more incompetence into the system. Diversity!

Prepare for the lack of care to spiral even further

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I know you don't get it but this for anyone else reading.
Your copy and paste contribution was taken from an opinion piece.
Not based on fact. That's important
Carry on pea brain.

Regulations? "No way this is Merica."
You're getting played by your neighbour.

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https://www.youtube.com/watch?v=bGITXkkFamw

:lol4

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Originally Posted by Sanlmar

Quote:

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Originally Posted by Daly

I never bought into the millennial way of not owning anything and renting house/car/etc.

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You have me reeling. Not gonna lie.

You self identify as a millenial?

We have so little left at PFA and now this. I’m a little depressed tbh.

It explains your sense of history though.

I’m gonna need some time.

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Me? No.

There are a lot of Thirtysomethings I play cards with that fully embrace that life. Think Im a dinosaur for owning a house.