So, @GwedeMantashe1, you said Eskom (De Ruyter) was actively agitating to overthrow the ANC govt, in Dec 2022.
Now that you have your own man in charge, essentially, and loadshedding is every bit as bad, what is the message?
Aren't you tired of your own nonsense?
#RalphYarl accidentally rang the door of the wrong house while trying to pick up his siblings. For this, a man shot him in the head. Then shot him a 2nd time as he was on the ground. The man is free and the 16-year-old is fighting for his life in the hospital. This can’t be it.
This was not a bailout. During the GFC, the gov’t injected taxpayer money in the form of preferred stock into banks. Bondholders were protected and shareholders were diluted to varying degrees. Taxpayer money was put at great risk. Many people who screwed up suffered minimal to no consequences. Those were bailouts.
Here, shareholders and bond holders have been wiped out. The @FDICgov insurance fund capitalized by premiums paid by banks will absorb any losses. The fund will recoup any losses by assessing more premiums on the banks.
Had the @FDICgov@USTreasury and @federalreserve not intervened today, we would have had a 1930s bank run continuing first thing Monday causing enormous economic damage and hardship to millions.
More banks will likely fail despite the intervention, but we now have a clear roadmap for how the gov’t will manage them.
Bank boards and managements have received a massive wake up call. Being a director or CEO of a bank that fails is no fun: years of litigation, regulatory investigations, personal liability, potential civil and criminal charges, and enormous reputational damage.
Our gov’t did the right thing. This was not a bailout in any form. The people who screwed up will bear the consequences. The investors who didn’t adequately oversee their banks will be zeroed out and the bondholders will suffer a similar fate.
Importantly, our gov’t has sent a message that depositors can trust the banking system. Without this confidence, we are left with three or possibly four too-big-to-fail banks where the taxpayer is explicitly on the hook, and our national system of community and regional banks is toast.
Our government did the right thing for the country. We are very fortunate it did so.
This isn’t good enough when there is prescription medication in the bag that is needed today. Will you take responsibility when she gets sick @VirginAtlantic cause we certainly will hold you responsible!
@RoshalRye Hi Roshal, I'm sorry to hear that your wife was affected by our diverted flight. If she has been provided with a baggage reference number, please be assured that the Baggage team will be in touch when they have a further update. ^Amy
@VirginAtlantic my wife flew JHB to LON on VS450 on 7th March, the flight had an engine failure and landed in Barcelona. There was no assistance or help when she landed, she got on a flight yesterday back to London, luggage still hasn’t arrived (still at BCA).
Where is the compensation! Where is her luggage which has all her important life saving prescription medication in it, nothing!!! Terrible customer service!