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Tag Archives: bank run
Cuba Runs Out Of Money
Margaret Thatcher said “The problem with socialism is that you eventually run out of other people’s money,” but Cuba appears to have gone them one better: Bad policies means that they’re now running out of their own money. ‘There is … Continue reading
LinkSwarm for October 20, 2023
No job yet, but my dogs and I are all doing fine. Israel’s land incursion into Gaza is still pending, more Democratic Party graft, another House Speaker aspirant drops out, and media flame outs at Disney and Apple. It’s the … Continue reading
Posted in Austin, Border Control, Crime, Democrats, Economics, Elections, Foreign Policy, Jihad, Media Watch, Military, Republicans, Social Justice Warriors, Texas, video
Tagged 2022 Election, 2022 Texas Governor's Race, Apple, Arab-Israeli Wars, bank run, Beto O'Rourke, Budweiser, campaign finance fraud, China, Crime, Critical Drinker, cryptocurrency, Disney, Elections, Foreign Policy, Gaza, George Soros, Georgia, Hamas, Hezbollah, Hollywood, IDF, Iran, Israel, Israel-Hamas War, James O'Keefe, Japan, Jihad, Jim Jordan, John Stewart, Lawsuit, Lebanon, Leonard Cure, LinkSwarm, Louisiana, Marvel, Media Watch, Military, myocarditis, Nicholas Bueno, O’Donnell ISD, pedophilia, Peter Gabriel, Project Veritas, Sam Bankman-Fried, sex offender, Sex Pistols, Southern Poverty Law Center, tanks, Tokyo, transexual, vaccine, video, Yemen
1 Comment
Something About Credit Suisse
I meant to mention something about the Credit Suisse situation in Friday’s LinkSwarm but ran out of time. I’m not an expert on European banking in general or Swiss banking in specific. (As opposed to being a squinty, one-eyed, myopic … Continue reading
Posted in Crime, unions, video
Tagged bank run, banking, Credit Suisse, Crime, Economics, Making Fiends, Mozambique, Social Justice Warriors, Swiss National Bank (SNB), Switzerland, transexual, UBS, video
4 Comments
SVB: “An Extinction Event For Startups”
The more I hear about the Silicon Valley Bank collapse mentioned in Friday’s LinkSwarm, the worse it sounds. I saw a snippet of Gary Tan, CEO of startup fund Y Combinator, talking about how bad it is. I can’t find … Continue reading
Why Silvergate Failed
Yesterday’s LinkSwarm talked about the collapse of crypto-linked Silvergate bank. Here’s hedge fudge manager/university professor Patrick Boyle goes into detail of just how it went down. “Silvergate’s importance in the recent crypto boom is possibly best described by a now-deleted … Continue reading
Posted in Economics, video
Tagged Alameda Research, bank run, banking, Bitcoin, bitFlyer, Coinbase, cryptocurrency, FTX, Galaxy, interest rates, Kraken, Patrick Boyle, Paxos, Sam Bankman-Fried, Silvergate Bank, Winklevoss Twins
7 Comments
LinkSwarm for March 10, 2023
Mutiny! Bank runs! Twitter files! It’s a ginormous LinkSwarm full of interesting (and alarming) links! And I finally get a chance to talk more about the FTX scandal. The Twitter files revelations continue to roll out. And Democrats aren’t happy … Continue reading
Posted in Border Control, Budget, Crime, Democrats, Economics, Elections, Foreign Policy, Media Watch, Military, Regulation, Social Justice Warriors, Supreme Court, Texas, video, Waste and Fraud
Tagged abortion, Alex Stamos, Alliance for Securing Democracy, Andreas Paepcke, Ann Ruttle, Aspen Institute, Atlantic Council’s DFRLab, bank run, banking, Brandy Zadrozny, California, China, Chris Krebs, cocaine, Cocaine Bear, Crime, cryptocurrency, D. H. Horton, Economics, Environmental Social Governance (ESG), FTX, gay, Glenn Greenwald, Hamilton 68, Hunter Biden, J.K. Rowling, Katie Couric, Kentucky, Larry Kramer, LinkSwarm, Margaret Sullivan, marijuana, Matt Taibbi, Michael Shellenberger, Molly McKew, National Endowment for Democracy, Oklahoma, pedophilia, Politico, Prince Harry, Regulation, Robert Downey Jr., Russia, Russo-Ukrainian War, Sam Bankman-Fried, Silicon Valley, Silicon Valley Bank, Silvergate Bank, Social Justice Warriors, Stanford, Texas, Thomas Rid, transexual, Twitter, Ukraine, Vuhledar, West (Texas)
8 Comments
Scenes From China’s Slow-Motion Collapse
Remember the bank runs in China story after all those bank accounts in Hunan were frozen? I’ve been looking for signs of wider contagion amidst the Chinese banking sector, and mostly haven’t seen it. But I have seen a lot … Continue reading
Posted in Communism, Economics, Foreign Policy, Military, video
Tagged Alibaba, Baidu, bank run, banking, China, Communism, Economics, Evergrande, Ghost Cities, Henan New Wealth Group, Hunan, Lu Yi, Nasdaq, New York Stock Exchange, Pan Darong, Peter Zeihan, Sarbanes-Oxley Act, Stephen S. Roach, tanks, Xi Jinping, Xia Haijun
6 Comments
Banks Runs In China?
Reader Kirk suggested Chinese bank runs might be the next story to cover. I think I covered bank runs at smaller rural Chinese banks in a previous “China is screwed” post. Is a wider run in progress? Maybe. Multiple sources … Continue reading
Posted in Communism, Economics, video
Tagged Anhui, bank run, banking, China, Communism, Economics, Henan, Huaihe River Village Bank, Industrial and Commercial Bank of China (ICBC), New Oriental Village Bank, Shangcai Huimin Rural Bank, Shanghai, video, Yixian County Village Bank, Yuzhou Xinminsheng Village Bank, Zhecheng Huanghuai Bank
5 Comments
Greece Introduces Capital Controls
The economic collapse of Greece is unfolding pretty much exactly as observers predicted it would: “Greek banks have imposed an unofficial ceiling of €3,000 on walk-in withdrawals, the commercial banker added.” More capital controls are most likely coming, especially since … Continue reading
Posted in Budget, Welfare State
Tagged bank run, Budget, capital controls, European Central Bank, European Debt Crisis, Eurozone, Greece, grexit, Syriza, Welfare State
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Bank Runs Start in Greece
The bank runs have started in Greece. Why the Greek peeople would even keep their money in banks, having the example of Cyprus’s bank “bail-ins” before them, would keep any but the most minimal amout of cash in a Greek … Continue reading