Started by Lethevich, March 05, 2008, 07:14:50 AM
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Quote from: Spotted Horses on March 08, 2023, 04:14:13 AMIt's too bad the Europe at War thread is closed, because an article in the New York Times says that intelligence information indicates that a pro-Ukraine group sabotaged the gas pipelines from Russia to Europe.https://www.nytimes.com/2023/03/07/us/politics/nord-stream-pipeline-sabotage-ukraine.htmlDuh! That's what I suggested at the time, based on the fact that only Ukraine benefited from the event, which made it impossible for Russia to continue to use the gas cutoff in the pipeline to blackmail Europe.
Quote from: Todd on March 08, 2023, 04:30:37 AM1.) Can you define "pro-Ukraine group"? I did not get a clear sense of what that means from the reporting.2.) Not only Ukraine benefited. US energy companies have benefitted enormously. The US went from third to first in global LNG exports. Norway is enjoying obscene energy sector profits, to the point that other European governments have discussed the matter with the Norwegian government. 3.) The press reports are based on information passed on by unnamed intelligence sources. Seymour Hersh was criticized for using an unnamed intelligence source. I suppose its the number of unnamed sources that matter. Alas, intelligence sources lie from time to time (eg, WMD, Russiagate). 4.) Russia is still providing gas to Europe through a network in Ukraine and pays Ukraine billions of dollars a year, even during the war, to do so. Clearly, by using the exclamation "Duh!" you believe you are vindicated and correct. That may not be the case. I should like to see the underlying information made public. And do not forget that whoever did it engaged in an act of war and terrorism against three NATO countries - Germany, the Netherlands, and France.
Quote from: Spotted Horses on March 08, 2023, 06:01:25 AMThe only part of the report that I find significant is that it wasn't Russia.
Quote from: absolutelybaching on March 09, 2023, 03:18:40 AMI don't know Politico's reliability or political leanings
Quote from: absolutelybaching on March 09, 2023, 07:17:36 AMYeah. For an American, Hitler leant fairly left, I guess.
Quote from: absolutelybaching on March 09, 2023, 07:29:36 AMYou are on my ignore list, because I find you entirely fatuous. Do you know how the ignore list works?It shows a message saying "You are ignoring this user". It also then shows a link saying "Show this post".Sadly, ignoring a user doesn't mean "when this idiot quotes one of your posts, don't tell me". So, when you replied to one of my posts, I was told about it. And since you'd replied, I'd have no way of knowing whether you were replying in your usual entirely cynical and self-congratulatory way, or whether you were making a vaguely intelligent comment on my post without clicking the 'Show this post' link.Since, on this occasion, you managed to rise to actually citing two sources, I thought it useful and worth a 'thanks'.I used no single quotes.And I still think rather more of the USA than I would be comfortable with, if I were a citizen, makes 1934 Nazi Germany look like thoughtful politics.
Quote from: Alex KonradUninsured depositors – and more than 93% of the bank's $161 billion in deposits were uninsured – were told they would get a receivership certificate for their remaining funds, to be paid out in future dividend payments as the FDIC sold off SVB's assets.
Quote from: Todd on March 10, 2023, 12:26:55 PMSilicon Valley Bank's Abrupt Closure Leaves Venture Capitalists And Founders ScramblingOof.
Quote from: Pohjolas Daughter on March 11, 2023, 08:39:43 AMI heard that news earlier today; one start-up had millions of dollars in there. I suspect that they were not alone.PD
Quote from: DavidW on March 11, 2023, 09:05:12 AMRoku had a quarter of their entire savings in that bank and it was uninsured.
Quote from: Todd on March 11, 2023, 09:19:56 AMRoku's incoming CFO is in for a rough time.
Quote from: Pohjolas Daughter on March 11, 2023, 09:44:07 AMUS, it's up to 250,000 USD
Quote from: Todd on March 11, 2023, 10:14:47 AMI'm not familiar with UK rules, but in the US, the $250K limit is per person (or corporate entity), per account type, per bank. A married couple can structure accounts such that $1.25 million is FDIC insured per bank. Use multiple banks, and millions can be insured. All rich people do it. Obviously, companies cannot do that, but they can have $500K in FDIC insurance per company, per bank. Setting up multiple LLCs would allow for additional insurance since each would be a different entity. The requirements are exact, and it makes accessing cash more complicated, so for operational accounts, it may not make sense to use. There are also additional insurance programs for excess deposits. I have to think that some of the larger companies with tens of millions had that as well. There is a good chance that the FDIC will insure deposits beyond the $250K limit, which happens frequently. If more institutions fail in a short period, the FDIC could act as it did after the 2008 crash and insure all deposits in non-interest bearing accounts. Customers will happily make that change. It's worth noting that new rules are coming into effect next year, which will reduce aggregate coverage, so this is the better year for this kind of failure to happen.
Quote from: ultralinear on March 11, 2023, 11:04:03 AMThat's way more generous than the UK, where the limit is £85K per person (or corporate entity) per bank, across all account types. So a person with a checking account, savings account, and joint account, all with the same bank, would be covered up to a total of £85K across all three. This also includes cash deposits with a third party of which you are the beneficial owner e.g. in a stockbroker client account, if lodged with the same bank.
Quote from: ultralinear on March 11, 2023, 11:04:03 AMThat's way more generous than the UK, where the limit is £85K per person (or corporate entity) per bank, across all account types.
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