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Posted by: LateForLunch ®

03/11/2023, 03:43:22

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...much of it good. France and England are joining forces to curb illegal immigration as the flood of foreigners trying to enter their respective nations has become a political liability to both leaders. Both nations are increasing their spending on anti-illegal immigrant measures. England has agreed to help France by paying them to increase their enforcement on the French side of the Channel. Even the leftist Macron is getting tough on immigration because he has his filthy Marxist finger to the wind and even self-described liberals in France have lost patience with the invasion of their shores by hordes of ethnoscum. 

Coincidentally, the BBC just suspended their highest paid telejournalist because he called the newly increased anti-immigration enforcement "like Nazi Germany in the 1930s". That violates the BBCs official policy of impartiality apparently, so they had to do something or appear to be hypocrites. heh 
It's sort of hilarious, because the English sort of just give lip service to impartiality in the BBC, as it's largely just as corrupt and dominated by ACFs as U.S. news media. 

England's beleaguered economy is starting to rebound after the Wuhan Flu onslaught, and the British leaders are under pressure to sustain the gains, which means they have to reign in costs (hence the crack down on illegal immigration which costs the country hundreds of millions of dollars (pounds) every month to deal with. 

The entire financial world is sort of holding its breath after the collapse of the Silicon Valley Bank this week. It's sending shock waves around the planet. Everyone is waiting to see if Xiden's cabinet will fuck this up too. Or whether the Marxists will get the Hell out of the way and let adults mitigate the disaster of the second-biggest failure of a U.S. bank in modern history.

Larry Kudlow is sorely missed in government these days. Along with his boss and most of the cabinet he assembled. God DAMN the friggin' Democrats. They are going to WRECK the whole goddamn world before people figure out that it's not just stupidity, it's MALICE TOWARD AND HATRED FOR CAPITALISM AND THE PEOPLE OF THE US that drives their insane, destructive policies. Marxism is by definition, destructive. That's what Marxists DO - DESTROY!!!!   







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BTW, Megyn & Harry as well as many leftists are invested in SVB. 96% of funds uninsured.
Re: International news... -- LateForLunch Post Reply Top of thread Forum

Posted by: DeeDee ®

03/11/2023, 12:35:45

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SVB issue might be related to their head of Financial risk management person
Re: BTW, Megyn & Harry as well as many leftists are invested in SVB. 96% of funds uninsured. -- DeeDee Post Reply Top of thread Forum

Posted by: robertb ®

03/11/2023, 19:42:16

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Qualifications are:
"a queer person of color and first generation immigrant from a working class background"

Very proud of her work in launching the ERG "EMEA LGBTQ+ Pride ERG"







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For comic relief, here’s a list of “cross-function working groups” from SVB’s 2022 ESG report:
Re: SVB issue might be related to their head of Financial risk management person -- robertb Post Reply Top of thread Forum

Posted by: robertb ®

03/12/2023, 18:08:04

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- Sustainable Finance Group: Develops strategy and monitors progress against SVB’s Climate Commitment 
• Investments Group: Reviews updates from our businesses on sustainability and investing-related initiatives and client engagement
• Climate Risk Group: Recommends, monitors and supports implementation of climate risks
 • Operational Climate Group: Monitors implementation of operational greenhouse gas reduction initiatives
 • ESG Communications and Disclosures Group: Recommends ESG disclosure strategy
 • Risk Group: Develops, monitors and supports implementation of ESG risk strategy and policy
 • DEI Governance Group: Oversees and manages DEI disclosures and response to external inquiries
 • Green Team: Focuses on internal sustainability interests and activities








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"Comic relief?" That's not funny, Robert. It's pitiful. Marcus was right.
Re: For comic relief, here’s a list of “cross-function working groups” from SVB’s 2022 ESG report: -- robertb Post Reply Top of thread Forum

Posted by: Russ Walden ®

03/12/2023, 21:48:44

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OK, so I had my sense of humor removed when I was younger.
Re: "Comic relief?" That's not funny, Robert. It's pitiful. Marcus was right. -- Russ Walden Post Reply Top of thread Forum

Posted by: Russ Walden ®

03/12/2023, 21:51:22

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That fits. Bernie Marcus (Home Depot) described it as a "woke bank."
Re: SVB issue might be related to their head of Financial risk management person -- robertb Post Reply Top of thread Forum

Posted by: Russ Walden ®

03/12/2023, 14:15:24

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Home Depot co-founder torches ‘woke’ Silicon Valley Bank collapse

""I think that the system, that the administration has pushed many of
these banks into [being] more concerned about global warming than they
do about shareholder return. And these banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is shareholder returns."

Also, from a ZeroHedge article:

"While Silicon Valley Bank careened toward its spectacular collapse, the
bank's head of risk management for Europe, Africa and the Middle East
devoted a chunk of her time to various LGBTQ+ programs. 

Meanwhile, SVB went without a chief risk officer (CRO) from April 2022 to January 2023, the Daily Mail
reports, as the bank apparently had little urgency to replace Laura
Izurieta before finally tapping Kim Olson earlier this year.  

On the other hand, a few months before that long CRO vacancy began, SVB boasted, "We
have a Chief Diversity, Equity and Inclusion Officer, an executive-led
DEI Steering Committee and Employee Resource Groups with executive
sponsors focused on these objectives." 

---
Looks like Bernie was spot-on in his assessment.

Regards,
Russ








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Wow. Great detective work there, RB!! That is utterly horrifying!!!
Re: SVB issue might be related to their head of Financial risk management person -- robertb Post Reply Top of thread Forum

Posted by: LateForLunch ®

03/11/2023, 22:07:56

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REUAGE!!!







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Was not me. Someone on Twitter found that bit. I just thought some here might be interested.
Re: Wow. Great detective work there, RB!! That is utterly horrifying!!! -- LateForLunch Post Reply Top of thread Forum

Posted by: robertb ®

03/11/2023, 23:03:20

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I really wished there were more local banks to do business with. Your money isn't safe anymore.
Re: Was not me. Someone on Twitter found that bit. I just thought some here might be interested. -- robertb Post Reply Top of thread Forum

Posted by: Ihavenoname ®

03/12/2023, 01:54:31

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Nah, your money is still safe. Just don't have over $250K in your bank account.
Re: I really wished there were more local banks to do business with. Your money isn't safe anymore. -- Ihavenoname Post Reply Top of thread Forum

Posted by: Russ Walden ®

03/12/2023, 14:32:22

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Eventually, there will be an attempt to push digital currency and discontinue the use of cash.
Re: Nah, your money is still safe. Just don't have over $250K in your bank account. -- Russ Walden Post Reply Top of thread Forum

Posted by: Ihavenoname ®

03/12/2023, 19:18:46

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And hearing about the recent bank failures, I'm guessing even the big banks aren't immune, hence "too big to fail." You never know. Too bad I don't have a backup plan at the moment.

If only there was an easy backup plan I could turn to! Dealing your finances with one bank only without a failsafe plan is dangerous and risky.








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Well, as Russ mentioned above, unless you are dealing with more than $250K in a single account, you are safe.
Re: Eventually, there will be an attempt to push digital currency and discontinue the use of cash. -- Ihavenoname Post Reply Top of thread Forum

Posted by: LateForLunch ®

03/13/2023, 12:47:41

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If it's more than that, it would seem logical that one could diversify cash holding to more than one bank and so retain the same protection. 

A chat with a trusted financial advisor might be worthwhile if you are still not satisfied with your security. 










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You never know what will happen to the major banks too...
Re: Well, as Russ mentioned above, unless you are dealing with more than $250K in a single account, you are safe. -- LateForLunch Post Reply Top of thread Forum

Posted by: Ihavenoname ®

03/13/2023, 16:04:31

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I’m definitely nowhere near that amount. But unfortunately, my finances are dealt with a major bank. I won’t discuss further here publicly. 

Let’s just say that the headlines about the SVB collapse on The Liberty Daily and The Gateway Pundit got me into paranoia...

But yeah, I’ve been thinking about talking to an advisor later on. 






Modified by Ihavenoname at Mon, Mar 13, 2023, 16:06:43


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Not just single account, but aggregate funds in the bank
Re: Well, as Russ mentioned above, unless you are dealing with more than $250K in a single account, you are safe. -- LateForLunch Post Reply Top of thread Forum

Posted by: Russ Walden ®

03/13/2023, 14:15:58

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LFL,
I am technically in violation of that advice, but am unworried.
I have my personal accounts and real estate accounts in one bank.  It is a major bank (Truist), so I'm not concerned.

I sold a property last year and have not reinvested the proceeds. The solution is to buy another property, but haven't found one I like enough.

Regards,
Russ







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There are exceptions to every rule...you may want to consider one of these as Xiden's world degenerates into Chaos...
Re: Not just single account, but aggregate funds in the bank -- Russ Walden Post Reply Top of thread Forum

Posted by: LateForLunch ®

03/14/2023, 14:46:35

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The photo doesn't show it, but there should likely also be the sort of defenses the survivor enjoyed in the fine feature film "Legend" with Will Smith. IOW, a series of powerful explosive charges (Claymores, Semtex, thermite, etc) all around the perimeter. Add to that aerial-drone real-time imagery to coordinate close-air support from a fully-loaded Apache gunship (30-cal GE spinner, M60, plus 20 mm canons).

.






Modified by LateForLunch at Tue, Mar 14, 2023, 14:57:37


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It would be great if they both went broke and had to get real jobs.
Re: BTW, Megyn & Harry as well as many leftists are invested in SVB. 96% of funds uninsured. -- DeeDee Post Reply Top of thread Forum

Posted by: LateForLunch ®

03/11/2023, 13:23:19

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That is of course unlikely, since we live in a time of such horrible stupidity. 

Colon (sic) Kaepernick is a good example. Though his career in pro football ended (?), he has made nearly as much money as a political degenerate engaging in cacogenic nonsense than he likely would have as a legitimate player on the field. Sick. 

The more l gather evidence, the more convinced I am that both the Prosperity Paradox and the Leadership Paradox are actual, real phenomena. I wish to God they weren't. 







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Thanks for posting that. I needed some good news!!!!!
Re: International news... -- LateForLunch Post Reply Top of thread Forum

Posted by: DeeDee ®

03/11/2023, 12:33:47

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