Baghdad Brandon: As Banking System Collapses, Senile Moron Claims Banking System Won’t Collapse

Andrew Anglin March 25, 2023

This is spiraling quickly.

Note the blood dripping from the ceiling.

You’re going to see cascading events.

My advice is to embrace the doom and promote the doom, give moral and material support to the doom – in that way, the doom will bring you joy.

RT:

The American banking sector is not going to explode, US President Joe Biden said on Friday, adding that the country still needed some time to resolve the present difficulties at financial institutions.

Biden claimed US lenders were in relatively good shape with the government throwing all its effort into containing the fallout from the recent string of bank failures.

He admitted that some time would be needed for the situation to stabilize but denied the rescue of Credit Suisse by fellow European giant UBS was a direct consequence of events in the US.

“I think we’ve done a pretty damn good job. People’s savings are secure,” he told reporters at a news conference in the Canadian capital of Ottawa. “I think it’s going to take a little while for things to just calm down, but I don’t see anything that’s on the horizon that’s about to explode.”

Everything is going to explode.

The Anal Empire is finally going to pay for its crimes against man and nature.

America has spit in the face of God.

You don’t come back from that.

Angels can be heard preparing the orchestra.

Earlier this month, regulators shuttered Silicon Valley Bank (SVB), the country’s 16th biggest lender, in what would become the largest US bank failure since the 2008 financial crisis and the second-largest bank failure in US history. The third-largest came just days later when Signature Bank ceased operations.

The US Federal Reserve has meanwhile announced a new Bank Term Funding Program that will offer loans of up to a year to shore up confidence in the banking system and protect depositors at failing banks. Under the new scheme, both insured and uninsured depositors will get full access to their money through a special fund of the Federal Deposit Insurance Corporation (FDIC). The regulator has also eased the terms of banks’ access to its discount window.

According to Biden, in the event other American lenders fail, federal deposit insurance could be tapped for deposits above $250,000.

How far could they be tapped???

You people did these interest rate hikes! There is money in the banks! Lots of money in the banks!

How are you going to ensure all that???

You’ll have to print the money!

HA!

There’s a reason the limit is $250,000, you gay retard!

There is blood dripping from the ceiling!

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