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Message
re: Make no mistake, Silicon Valley Bank was woke
Posted on 3/12/23 at 11:10 am to KAGTASTIC
Posted on 3/12/23 at 11:10 am to KAGTASTIC
quote:
He's not the only one in here to think we'll see what happens and see where things will land. The issue is the people trying to convince others that wokeness can not be a cause, small or large. Big fish catch or not, but as long as the govt doesnt bail it out to hide the real reasons then we'll figure it out.
Bad bet is thinking that wokeness didn't have some kind of negative trickle effect. Heck it could be a key team that had some bad hires due to wokeness, though that won't be ever disclosed and all blamed on "bad business moves," "changes to Dodd-Frank" etc etc instead of "wokeocracy" hiring practices that made bad calls because they aren't they best of the best.
There's alot of fantasy, hope and wishful thinking, with a dash of conspiracy in this post man.
We all want one of these corporations or financial institutions to go broke because they went woke and we're all still waiting for it to happen.
Maybe SVB is our White Whale but probably not.
2
Posted on 3/12/23 at 11:29 am to Geauxldilocks
quote:
quote:
A bigger conversation should be the impact of Dodd-Frank being rolled back.
Not for me, I don’t see any traditional conservative banks failing with some of the necessary regulations reduced. Just the woke ones. Continue carrying Pocahontas’ water though.
Here here, an onerous, unnecessary, and expensive exercise to prove most businesses were doing their own due diligence and complied.....but it sure employed a bunch of useless bureaucrats.
You do realize ole Pocahantas protection agency has morphed into a huge organization who blackmails companies, who pay the fine to......wait for this.....the organization specified by the credit bureau. Not to the people they supposedly harmed, but to liberal organizations the govt deems, otherwise the fines are far stiffer. Biggest bunch of bulshite Ive ever seen.
Posted on 3/12/23 at 11:30 am to Pandy Fackler
quote:
We all want one of these corporations or financial institutions to go broke because they went woke and we're all still waiting for it to happen. Maybe SVB is our White Whale but probably not.
The dumbing down of corporations, financial institutions, law firms, hospitals, etc is a long slow burn.
You’ll get your wish at some point. Just give it time.
Posted on 3/12/23 at 12:21 pm to dsides
quote:
The dumbing down of corporations, financial institutions, law firms, hospitals, etc is a long slow burn.
You’ll get your wish at some point. Just give it time.
I hope so.
Posted on 3/12/23 at 12:25 pm to Geauxldilocks
quote:I hate wokeheads as much as anyone else. But that had nothing to do with this. The problem was believing the Fed's forcast that rates would stay flat because inflation was "transitory". Then the Fed raised rates and made their holding worthless.
Make no mistake, Silicon Valley Bank was woke
Posted on 3/12/23 at 12:54 pm to JustSmokin
quote:
They are reopening on Monday to allow customers to withdraw their money up to the insured amount of 250k. I can only imagine the shitshow that will occur tomorrow.
well if they cap withdrawals to the $250k for corperations and the $100k or $150k for individuals, then they might be able to make it through lunchtime or maybe most of the day, if not, then i see them running out of money after 30 minutes of the doors opening if not sooner.
it will be really interesting to see who gets their money out first, if its special woke progressive people chosen to escape being bankrupted by this.
im betting select woke progressives will be made whole, and the small investors will get wiped out completely, even though the opposite is what should happen with these things.
This post was edited on 3/12/23 at 12:56 pm
Posted on 3/12/23 at 2:41 pm to keakar
The big money that matters started getting their money out Wednesday/Thursday. It's all sitting at Wells Fargo, HSBC and JPMC to name few. Whomever is left is screwed tomorrow morning.
Posted on 3/12/23 at 3:06 pm to Giantkiller
Point of FDIC is for rank and file depositors not to get fricked because of things outside their control, such as when the Depression killed tons of banks.
The $250K limit is there so that regular people don’t lose their life savings. It shouldn’t get expanded so that a bunch of high rollers who knew the bank w was having issues could be made whole.
The $250K limit is there so that regular people don’t lose their life savings. It shouldn’t get expanded so that a bunch of high rollers who knew the bank w was having issues could be made whole.
Posted on 3/12/23 at 3:18 pm to dsides
quote:
I’m not sure why this is so hard for you to understand.
To understand this would repudiate everything the poster has stood for his entire life. He’s have to admit he’s a fraud and a dumbass. That’s tough for many to admit.
Posted on 3/12/23 at 4:59 pm to Geauxldilocks
What happened to just being a fiscal responsible bank?
Just be a bank, and don’t tell me how to live.
Pretty simple concept!!!
Just be a bank, and don’t tell me how to live.
Pretty simple concept!!!
Posted on 3/12/23 at 5:02 pm to Taxing Authority
quote:
The problem was believing the Fed's forcast that rates would stay flat because inflation was "transitory".
Posted on 3/13/23 at 11:06 am to Pandy Fackler
quote:
Big fish catch or not, but as long as the govt doesnt bail it out to hide the real reasons then we'll figure it out.
quote:
There's alot of fantasy, hope and wishful thinking, with a dash of conspiracy in this post man.
Just wanted to bump this as a reminder that "conspiracy theory's" are currently on the winning side of the truth.
Posted on 3/13/23 at 11:09 am to KAGTASTIC
Jfc, the bank isn’t being bailed. The depositors are going to be kept whole with bank assets, the shareholders are getting zeroed and mgmt canned.
This post was edited on 3/13/23 at 11:15 am
Posted on 3/13/23 at 11:09 am to RogerTheShrubber
quote:
Silicon Valley Bank execs think their gay employees are children who need coddling it sounds like.
Well, that's how a lot of gays have been acting over the last several years.
Posted on 3/13/23 at 11:22 am to cwill
quote:
Jfc, the bank isn’t being bailed. The depositors are going to be kept whole with bank assets, the shareholders are getting zeroed and mgmt canned.
Still a bail out of some kind by the govt stepping in to make it less of a news issue. Which was my ultimate point.
Posted on 3/13/23 at 11:24 am to cwill
quote:
Jfc, the bank isn’t being bailed. The depositors are going to be kept whole with bank assets, the shareholders are getting zeroed and mgmt canned.
jfc, semantics sure are important to some of you assholes
Posted on 3/13/23 at 11:40 am to KAGTASTIC
quote:
Still a bail out of some kind by the govt stepping in to make it less of a news issue. Which was my ultimate point.
There’s no bailout. The ultimate point is you don’t understand what’s going on.
Posted on 3/13/23 at 11:41 am to rhar61
quote:
jfc, semantics sure are important to some of you assholes
What is “semantics” here pal?
Posted on 3/13/23 at 11:49 am to rhar61
That’s their game, always make things as indirect or inconspicuous, then tell you what you know damn well is happening, isn’t. Then they want to act like you’re the clueless one, it’s kinda like children in adults bodies with their infantile bullsh!t
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