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Posted on 3/12/23 at 8:30 am to josh336
quote:
Remember when chicken asked that political posts be left to the poliboard? I do, and i wish we could uphold that
A bank failing and possibly tanking the entire economy is "political?"
ETA: Some of you would sit in ignorance as your house burns to the ground because calling the fire department involves the government and that would be too "political."
This post was edited on 3/12/23 at 8:32 am
Posted on 3/12/23 at 8:31 am to imjustafatkid
Read the OP
Posted on 3/12/23 at 8:32 am to josh336
quote:
Read the OP
The government has taken over the bank. There is no way to discuss it without discussing the government.
Posted on 3/12/23 at 9:09 am to JustSmokin
quote:oprah has $600 mil in SVC. She camped out like Krzyzewskiville
can only imagine the shitshow that will occur tomorrow.
Posted on 3/12/23 at 9:10 am to jbgleason
quote:
they sure as frick better not use my tax dollars to "bail" them out.
I have a strong suspicion that the USA will use our tax dollars to bail out this bank.
Posted on 3/12/23 at 9:12 am to Geauxldilocks
Posted on 3/12/23 at 9:17 am to AlextheBodacious
Let me be clear,
There are certain posters who believe that spending money on stupid F’ing woke causes are not mismanagement of money, and there are no consequences. Cough, cough, cwill, cough. Then there are the rest of us, the majority of “this board”
There are certain posters who believe that spending money on stupid F’ing woke causes are not mismanagement of money, and there are no consequences. Cough, cough, cwill, cough. Then there are the rest of us, the majority of “this board”
Posted on 3/12/23 at 9:18 am to Geauxldilocks
Go Woke, Go Broke.
It's that simple.
Trump 2024 - He was right then, he's right now.
It's that simple.
Trump 2024 - He was right then, he's right now.
This post was edited on 3/12/23 at 9:21 am
Posted on 3/12/23 at 9:20 am to c on z
quote:
A bigger conversation should be the impact of Dodd-Frank being rolled back.
Here it is for you bud.
If Dodd Frank regs being rolled back was the cause, it would be systemic, not isolated. This bank was poorly run and not well diversified (unless you’re looking at the type of people they employed).
Banking is a game of risk, nothing more. Hell all business is nothing but a game of risk management. SVB did not manage their risk. Dodd Frank had 0 impact.
Posted on 3/12/23 at 9:22 am to fjlee90
Contrary to all sense, this thread got moved to the PT.
Posted on 3/12/23 at 9:26 am to fjlee90
Problem for svb was the FED raising rates so far so fast. That has never happened in history. Problem was not svb but BAD fed policy. FED was too far behind the curve.
Posted on 3/12/23 at 9:27 am to Geauxldilocks
quote:
Tomorrow will be a historic day in the future of the US and world.
And what is going to happen tomorrow that will be historic?
Posted on 3/12/23 at 9:28 am to Geauxldilocks
quote:
Make no mistake, Silicon Valley Bank was woke
But that's not why it failed. It failed because the business end of it was poorly run and managed.
Bank of America, JP Morgan and all these other globo-institutions are just as frickin' woke and for those who got out in time, that's exactly where their money went.
I know we all toss off to the thought of corporations actually going woke and then broke but let it go, it won't happen.
Posted on 3/12/23 at 9:29 am to Pandy Fackler
quote:
But that's not why it failed. It failed because the business end of it was poorly run and managed.
quote:history doesn't repeat itself but it often rhymes
Kim Olson, Chief Risk Officer at Silicon Valley Bank previously had the role of Senior Managing Director, Enterprise Risk Management at AIG
Posted on 3/12/23 at 9:31 am to Zarkinletch416
quote:
Go Woke, Go Broke.
It's that simple.
Trump 2024 - He was right then, he's right now.
He is?
What globo-corporation or financial institution has gone broke due to going woke?
Posted on 3/12/23 at 9:32 am to TrueTiger
I heard someone say that ESG funds fail when investors realize that the funds have 90%+ of the same holdings other funds, with a lot higher mgmt fees.
Posted on 3/12/23 at 9:33 am to Geauxldilocks
Posted on 3/12/23 at 9:34 am to Geauxldilocks
quote:
Make no mistake, Silicon Valley Bank was woke
Posted on 3/12/23 at 9:35 am to Pandy Fackler
quote:
It failed because the business end of it was poorly run and managed.
Because it was led by wokesters
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