WuMo by Wulff & Morgenthaler for March 11, 2023

  1. Ava2
    C  over 1 year ago

    Silicon Valley following the B. of A. path

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    allen@home  over 1 year ago

    Not much of a bank.

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    Darsan54 Premium Member over 1 year ago

    Pretty much what a bank is supposed to do, if by “spent” you mean made various types of loans, wherein they will collect interest.

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    Zykoic  over 1 year ago

    FTX or SVB?

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    Liverlips McCracken Premium Member over 1 year ago

    Is this supposed to be FTX? Unless it says it is FDIC-insured, I don’t care what they call it, you are risking whatever you deposit with them. To a real bank, your deposit is a liability. It is YOUR money that you have loaned to them at XX.YY%, and which you are entitled to withdraw per the rules on the account. When you borrow money from the bank, that is an asset on their books because it is money you owe to them. Assets:Liabilities for you are flipped on the bank’s books.

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    Frank Burns Eats Worms  over 1 year ago

    He wants his money so bad, he’s chomping at debit.

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    SameAsOldFfred  over 1 year ago

    Talk about good timing. These strips are written days earlier.

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    Zebrastripes  over 1 year ago

    Omg. The people will have lost all their money…

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    exness Premium Member over 1 year ago

    I had a saving account when I was a teenager, but when I was ready to leave home, it turned out my parents had taken it all and had a notebook showing every tiny item I had asked for, for school or a zipper to make my own clothes. 60 years ago. Am I still bitter?

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    patiodragon  over 1 year ago

    Read the fine print everyone. You have (probably) agreed in a contract to be an “unsecured creditor” of the bank. You are in business with the bank. Cyprus-type bail-ins could happen anywhere the agreement is made.

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    Dapperdan61  Premium Member over 1 year ago

    This is why I bank with a Credit Union. I’ll never trust another bank after Washington Mutual went down in 2008 and taken over by Chase. They have the worst customer service and ding you for every little thing including a low balance

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    mistercatworks  over 1 year ago

    This is a lot funnier if you are not Lebanese.

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    raybarb44  over 1 year ago

    I just wish that this was a joke……

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    T...  over 1 year ago

    Chevy Chase crying in a SNL skit…

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    meowlin  over 1 year ago

    …First Ferengi Rule of Acquisition…

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    Billavi Premium Member over 1 year ago

    …and it’s gone

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    drneil Premium Member over 1 year ago

    That sums up the 2008 banking crisis

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