and then guess who was #1 recipient of Loan Advances from Federal Home Loan Bank of San Francisco, As of December 31, 2022, having had $0 a year earlier? Only $17 billion. Silver gate just happened to be #6 with $4 billion. First Republic was #2 at $14 billion...
Peter, economics makes my eyes cross sometimes but I try to get the gist of your excellent posts. Does cronyism play a part in how these smart (?) people do this kind of risky business with funds? Winks and nods? Back scratching? Is there some underground message they get that the good old poorer by the minute taxpayer will bail them out or $$ will be printed out by the democrat unicorn? We finally had adequate funds to carry us through retirement (we are in our 70’s). And since Biden we see it slip away. That is the simple version of what so many of us are going through. I am not interested in living in my daughters basement a thousand miles away, even if it does have a full bath down there. This sucks.
and then guess who was #1 recipient of Loan Advances from Federal Home Loan Bank of San Francisco, As of December 31, 2022, having had $0 a year earlier? Only $17 billion. Silver gate just happened to be #6 with $4 billion. First Republic was #2 at $14 billion...
Peter, economics makes my eyes cross sometimes but I try to get the gist of your excellent posts. Does cronyism play a part in how these smart (?) people do this kind of risky business with funds? Winks and nods? Back scratching? Is there some underground message they get that the good old poorer by the minute taxpayer will bail them out or $$ will be printed out by the democrat unicorn? We finally had adequate funds to carry us through retirement (we are in our 70’s). And since Biden we see it slip away. That is the simple version of what so many of us are going through. I am not interested in living in my daughters basement a thousand miles away, even if it does have a full bath down there. This sucks.