Nearly half the money — $143 billion — went to holding companies for the two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets.
You gotta meet people where they're at and that requires understanding their definition and working around it to make your point clear, otherwise you're just talking past each other. I'm not saying you have to concede their definition explicitly, its probably best to ignore what doesn't make your point crystal clear, and by lumping the FDIC and securities swap together you're just making your whole argument easier to attack.
there's a meme about how liberals and fascists don't need to understand anything, they can just say "duh, the thing is bad/good because it's a bad/good thing" and communists have to be experts in history, philosophy, geopolitics, war, law, science and economics.
it sucks but its true.
if youre gonna be able to provide a counterpoint to "itll all be fine, we'll save the hardworking job creators at the wework but for funcopops factory by using the totally normal dif, backstopped by the fed with a little securities swap in the middle" you actually have to understand and engage with those ideas.
It’s literally turn on the news, see what they’re saying, read the faq about swaps on your banks website and say “this is a back end bailout”.
Which there is no response to because it’s 100% accurate.
When someone says “the nazis were socialist” you don’t have to throw up your hands and storm away, you can quote hitler in his own words and then cite the things that happened directly afterward (he said we’re not socialists, in fact we’re gonna kill them and then persecuted the socialists).
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You gotta meet people where they're at and that requires understanding their definition and working around it to make your point clear, otherwise you're just talking past each other. I'm not saying you have to concede their definition explicitly, its probably best to ignore what doesn't make your point crystal clear, and by lumping the FDIC and securities swap together you're just making your whole argument easier to attack.
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there's a meme about how liberals and fascists don't need to understand anything, they can just say "duh, the thing is bad/good because it's a bad/good thing" and communists have to be experts in history, philosophy, geopolitics, war, law, science and economics.
it sucks but its true.
if youre gonna be able to provide a counterpoint to "itll all be fine, we'll save the hardworking job creators at the wework but for funcopops factory by using the totally normal dif, backstopped by the fed with a little securities swap in the middle" you actually have to understand and engage with those ideas.
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It’s not a semantics or knowledge test though.
It’s literally turn on the news, see what they’re saying, read the faq about swaps on your banks website and say “this is a back end bailout”.
Which there is no response to because it’s 100% accurate.
When someone says “the nazis were socialist” you don’t have to throw up your hands and storm away, you can quote hitler in his own words and then cite the things that happened directly afterward (he said we’re not socialists, in fact we’re gonna kill them and then persecuted the socialists).
They seem very similar worldviews? Wouldn't the capitalist losses refer to shareholders?
Though the depositors are also capitalists, their risky behavior was keeping money in a bank
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the depositors in a commercial bank are capital-holders.