Silicon Valley Bank

Up In Smoke

Well-Known Member
Truth is.....Teamsters invested heavily in their homies and corrupt ties. Some would say the mob.......akin to BA's and Union Presidents getting full pay while we are on strike......some would say. Or perhaps getting three different pensions for various seats on Boards or whatever.....

Yet, you continue to defend the Trustees....bizarre. Why?
Did you lose value in your retirement accounts last year? If so, who's to blame??
 

Over70irregs

Well-Known Member
OMG.

This statement is so obtuse if not intellectually vacant.

Ever heard of Enron?

Ever heard of Central States Pension Fund.....the Teamsters? Making risky bets with customers(Us!) funds? You bet!(pun intended). BTW, CSPF(Teamsters) run by far, far left ideology. This is not debatable. BTW, CSPF bailed out by Biden(far left).

So, when you go round spouting there is no difference and there isn't a huge, deep divide in ideology in this country......that just has no relationship with reality or what's actually happening.

If you think normal people are going to keep accepting the communist/socialist/liberal/woke/BLM/trans-mutilation/Democrat(the left) agenda....I do not.
Trying to stop laughing over “intellectually vacant”. Cold 🥶
 

qdg2

Well-Known Member
Did you lose value in your retirement accounts last year? If so, who's to blame??
As in my pension(retirement account)? That would be the Trustees.

My personal money is just fine. I'll take that credit. Never been better financially. I sleep well....especially after retiring...
 

Up In Smoke

Well-Known Member
Congratulations on your retirement, you've earned it. As a retired individual I'm sure your investments have little or no exposure to the market. That would make sleeping much easier. I have 13 months to go, so I'm still 50% in the market.
 

100%

Well-Known Member
QE began in 2008 under President Bush and Ben Bernanke and became entrenched until last September.
QE started as Obama walked into the door, and never stopped. It did not stop in September either bc they just added $300B back on the balance sheet. That is QE.
 

100%

Well-Known Member
You and I don’t have to like it but that’s how it is. Overall the thinking is that it’s good for the economy. And as long as we allow banks to get “too big to fail” it’s probably the right move.

And don’t kid yourself. A complete melting down of the American banking system will devastate you and me far more than the Musks and Buffets of the world.
I guarantee No devastating over here.
 

100%

Well-Known Member
OMG.

This statement is so obtuse if not intellectually vacant.

Ever heard of Enron?

Ever heard of Central States Pension Fund.....the Teamsters? Making risky bets with customers(Us!) funds? You bet!(pun intended). BTW, CSPF(Teamsters) run by far, far left ideology. This is not debatable. BTW, CSPF bailed out by Biden(far left).

So, when you go round spouting there is no difference and there isn't a huge, deep divide in ideology in this country......that just has no relationship with reality or what's actually happening.

If you think normal people are going to keep accepting the communist/socialist/liberal/woke/BLM/trans-mutilation/Democrat(the left) agenda....I do not.
When I want your opinion on something completely off topic, I’ll give it to you.
 

qdg2

Well-Known Member
Congratulations on your retirement, you've earned it. As a retired individual I'm sure your investments have little or no exposure to the market. That would make sleeping much easier. I have 13 months to go, so I'm still 50% in the market.
Plastics.......
 

Thebrownblob

Well-Known Member
What I'm saying is, while investments and promises were made, the landscape of the industry changed. Fewer and fewer companies made contributions as they were allowed to operate as non-union shops or just went out of business and the pension fund failed to make the necessary adjustments to maintain a healthy future. The government's ability to exterminate the Teamsters investments in Vegas damaged returns for decades. The Teamsters were targeted in the 80s and were successfully crippled beyond recovery.
Tell me how much salary the union officers who are trustees on that fund receive yearly?
 
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