As yet another bank led by incredibly smart, smug, big-brained people collapsed over the weekend every American living paycheck to paycheck was totally unimpressed. 64% of those who have been struggling to make ends meet, collectively shrugged their shoulders and continued on the daily grind. If you’re keeping track at home, over the past couple of days we’ve seen SVB go bye-bye and now Signature Bank is in deep shit. If you don’t bank with these people, your day wasn’t even close to being interrupted. You’re too busy. Watching these places go under is like watching a shooting star. Spectacular… then it’s over. Then it’s back to reality. Why? Because 64% of Americans are living paycheck to paycheck. If you stop swimming? You die. Tada! Now all the big brain people who screwed up these banks will move on to new high paying jobs and even more big brain people will discuss the ramifications of bailouts and argue over downsides of people losing faith in the markets. The bullshit will last for days. And again, the majority of us won’t give 2 shits because we are busy working. Here’s an idea for the banking community though. How about we hold the people who fucked up responsible? How about we scoop millions out of the president of the banks savings account? How about we wipe out the board of directors? Those morons. The idiots like Barney Frank who was on the board of Signature Bank? Don’t send in any taxpayer money to protect people’s savings until we take every penny out of the big brain idiots accounts first. You know, the people responsible. It’s the only way they will learn.
