Posted on 04/01/2023 1:58:15 PM PDT by RomanSoldier19
The American Banking Association isn’t wild about the phrase “bank failure” and is instead telling staff to give the crises at Silicon Valley Bank and Signature Bank gentler monikers such as “idiosyncratic liquidity disruption,” sources told On The Money.
The banking trade group is telling staff to say the banks that went belly up simply “closed” and avoid phrases like “liquidity crisis” or “failure” in all speeches, emails, and conversations, a source adds.
ABA CEO Rob Nichols has been trying to push the talking point over the last few weeks — and his efforts were on full display during the group’s annual summit last week.
(Excerpt) Read more at nypost.com ...
Banks don’t fail.
People do—and then they lie about it.
Good gif. Thanks.
The crises at banks like SVB and Signature occurred simply because the banks couldn’t raise sufficient cash from their reserves to meet the demands of all the customers withdrawing funds from their accounts.
As long as you don’t say it...
River banks fail.
“Bank Timeout”
“Bank Whoopsi”
“Bank Technical Difficulties”
“Bank 404 - Error, not Found”
They are correct since the fed/gov is never going let them go under because the important people could loose money.
Can't have that, the tax payers will cover the bill because they don't realize just how important the right people are to them.
Without the right people investing and managing the world all the little could be harmed.
I LOVE the Babylon Bee!
Wait...
Pecuniary perturbation.
How about we call Joe “Bank Failure Biden.”
Trust me…anyone NOT working for those two banks calls them “failures.”
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