{"id":65173,"date":"2023-03-16T06:54:34","date_gmt":"2023-03-16T11:54:34","guid":{"rendered":"https:\/\/olduvai.ca\/?p=65173"},"modified":"2023-03-16T06:54:34","modified_gmt":"2023-03-16T11:54:34","slug":"is-the-u-s-banking-system-safe-15-years-later","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=65173","title":{"rendered":"Is the U.S. Banking System Safe?–15 Years Later"},"content":{"rendered":"
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IS THE U.S. BANKING SYSTEM SAFE? \u2013 15 YEARS LATER<\/a><\/h3>\n<\/header>\n
\n

\u201cWe\u2019ve got strong financial institutions\u2026Our markets are the envy of the world. They\u2019re resilient, they\u2019re\u2026innovative, they\u2019re flexible. I think we move very quickly to address situations in this country, and, as I said, our financial institutions are strong.\u201d<\/em>\u00a0\u2013\u00a0Henry Paulson<\/a>\u00a0\u2013 3\/16\/08<\/strong><\/p>\n

\"The\u00a0\"Silicon<\/p>\n

\u201cI have full confidence in banking regulators to take appropriate actions in response and noted that the banking system remains resilient and regulators have effective tools to address this type of event. Let me be clear that during the financial crisis, there were investors and owners of systemic large banks that were bailed out . . . and the reforms that have been put in place means we are not going to do that again.\u201d \u2013\u00a0<\/em>Janet Yellen<\/a>\u00a0\u2013 3\/12\/23<\/strong>
\n<\/em><\/p>\n

With the recent implosion of Silicon Valley Bank and Signature Bank, the largest bank failures since 2008, I had an overwhelming feeling of deja vu. I wrote the article\u00a0Is the U.S. Banking System Safe<\/a>\u00a0<\/strong>on August 3, 2008 for the Seeking Alpha website, one month before the collapse of the global financial system. It was this article, among others, that caught the attention of documentary filmmaker\u00a0Steve Bannon<\/a><\/strong>\u00a0and convinced him he needed my perspective on the financial crisis for his film\u00a0Generation Zero<\/strong><\/a>. Of course he was pretty unknown in 2009 (not so much anymore) , and I continue to be unknown in 2023.<\/p>\n

The quotes above by the lying deceitful Wall Street controlled Treasury Secretaries are exactly 15 years apart, but are exactly the same. Their sole job is to keep the confidence game going and to protect their real constituents \u2013 the Wall Street bankers. And just as they did fifteen years ago, the powers that be once again used taxpayer funds to bailout reckless bankers. Two hours before the only solution the Feds know \u2013 print money and shovel it to the bankers \u2013\u00a0Michael Burry<\/a><\/strong>\u00a0explained exactly what was about to happen.<\/p>\n

\"\"<\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

IS THE U.S. BANKING SYSTEM SAFE? \u2013 15 YEARS LATER \u201cWe\u2019ve got strong financial institutions\u2026Our markets are the envy of the world. They\u2019re resilient, they\u2019re\u2026innovative, they\u2019re flexible. I think we move very quickly to address situations in this country, and, as I said, our financial institutions are strong.\u201d\u00a0\u2013\u00a0Henry Paulson\u00a0\u2013 3\/16\/08 \u00a0 \u201cI have full confidence […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[19811,21745,2461,10661,68,33716,27367,29407,11502,4513,18696,11917,1668,21746,262,32560,33768,4072,27372,33769,4036,33770,10609,413,33771,31805,33772,8564,33773,33774,33775,33776,5415,33777,966,33778,11329,549,29037,1264,3948,33779,33766,15706,11251,5856,33628,5865,18336,33780,11508,27378,33781,11509,33782],"class_list":["post-65173","post","type-post","status-publish","format-standard","hentry","category-economics","tag-2008-financial-crash","tag-angelo-mozilo","tag-bank-runs","tag-bear-stearns","tag-ben-bernanke","tag-biden-provoking-ww3","tag-citicorp","tag-cnbc-is-worthless","tag-countrywide","tag-credit-suisse","tag-debt-to-gdp-ratio","tag-deflationary-depression","tag-derivatives","tag-dick-fuld","tag-end-the-fed","tag-ernest-hemingway","tag-falling-home-prices","tag-fasb","tag-federal-reserve-balance-sheet","tag-fourth-turning-crisis","tag-global-war","tag-gneration-zero","tag-hank-paulson","tag-hyperinflation","tag-is-the-us-banking-system-safe","tag-janet-yellen-is-owned-by-wall-street","tag-jim-cramer-is-an-asshole","tag-jim-quinn","tag-john-thain","tag-jp-morgan-fraud","tag-kerry-killinger","tag-larry-kudlow-is-an-idiot","tag-lehman-brothers","tag-liars-lie","tag-ludwig-von-mises","tag-merrill-lynch-criminals","tag-michael-burry","tag-national-debt","tag-qe-to-infinity","tag-recession","tag-seeking-alpha","tag-signature-bank","tag-silicon-valley-bank","tag-steve-bannon","tag-the-big-short","tag-the-burning-platform","tag-the-sun-also-rises","tag-toxic-mortgages","tag-treasury","tag-unrealized-losses","tag-wachovia","tag-wall-street-cabal","tag-wall-street-caused-this-collapse","tag-washington-mutual","tag-woke-banks"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65173"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65173\/revisions"}],"predecessor-version":[{"id":65174,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65173\/revisions\/65174"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}