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It doesn't have the power to do it through the FDIC or in relation to FDIC insurance, but it could still do it unilaterally to shore up the banking system/dollar. It doesn't matter though, this really doesn't threaten the dollar, so moot point. People with their hot-takes keep missing the...

The Executive/Treasury couldn't do it, but the Fed could, especially if it threatens the dollar and the money supply itself. The Fed has the money to cover it, and this is a fundamental job of the Fed.

Na that's just Twitter hypocrisy.

I was gonna say "what does this have to do with the Talking Heads?" but ackchyually, I guess it really does.

Compare to similar industries, not people who sell expensive intangibles to other businesses: PS: UPS is union, Fedex is not union. Moar:

Based on just the math, it does appear so. That number is kinda nuts.

Did you really expect a respectful response to that post?

Well the train derailments are because the train companies don't want to hire more than 2 people per train and want those trains to be 2+ miles long so they can hire even less people. That's not people not wanting to work, that's companies not wanting to hire.

And? Lower labor participation just means employers are more eager to get people who will start right away. The pool of available workers is smaller. Do you understand supply vs demand?

The lowest unemployment in 50 years?

Right, systems integration is hard.

Oh shit new dunkey just dropped

Fiascos are also just great for your resume, as long as they're not your fault. The whole reason I got my current job was from telling the hiring managers about all the fiascos I was handling at my last one.

The heart of a modern bank is really just a bunch of numbers running on what is generally at the base level, a bunch of COBOL. If the servers don't stay up, there are no deposits. These are banks, so the servers are not "up in the cloud somewhere."

It takes a LOT of people to keep the lights on at most companies, especially a bank that is effectively huge B2B company with tons of massive clients that are absolutely freaking the fuck out right now because they need access to their own money to keep the lights on at their own companies. All...

Companies do require employees to run daily operations. They don't need executives though.

Neat, a raise.

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