Biden Claims His ‘Quick Action’ Saved Banking Industry, Blames Trump For Banks Collapsing

Couchpotato · Mar 14, 2023

0311 said:
Yes, the Traitor did repeal banking regulations that led to failure of SVB.

Trump signs the biggest rollback of bank rules since the financial crisis

The measure designed to ease rules on all but the largest U.S. banks passed both chambers of Congress with bipartisan support.

www.cnbc.com

It never fails, banking regulations get rolled back or repealed and then banks fail. The banking disaster of 2008 was a direct result of banking speculation. As usual, it took a Democrat to fix what the ConJobs fucked up. Mortgage Backed Securities are a crap shoot and major investment firms who pushed failed.....who'd a thunk it.

Yes, Mr. Biden is acting quickly to support the accounts owners SVB.

Government races to reassure US that banking system is safe

Depositors withdrew savings, and investors broadly sold off bank shares as the federal government raced to reassure Americans that the banking system is secure following two bank failures.

apnews.com

NO, the people who invested in SVB will NOT get their money back. When you invest you are taking a gamble of success, but you are also responsible for what you have done. You played and you lost.

Depositors will with accounts up to $250,000.00 will get their money back.

Investors get shit, you fucked up eat it.

SVB failed because they had huge amounts of their assets tied up in Government Bonds. The problem with that is that if the Fed jacks up the rates trying to get run away inflation under control, there's no market for the bonds you own that have a lower rate. So you have to sell them at a discount. Was there some regulation that used to be in place that didnt allow banks to invest in Government Bonds?

Couchpotato · Mar 14, 2023

Care4all said:
Trump signed it, but truly it's congress critters and senators, who primarily are Republicans, who do this deregulation shit....

CORRECTION!

I WAS WRONG, TRUMP DID PUSH FOR THIS DEREGULATION.

https://www.nasdaq.com/articles/trump-deregulating-banks-heres-what-means-you-2019-02-12

What in this deregulation allowed SVB to fail?

Catsnmeters · Mar 14, 2023

Frankenstein said:
Biden Claims His ‘Quick Action’ Saved Banking Industry, Blames Trump For Banks Collapsing | The Daily Wire

www.dailywire.com

How absolutely hilarious, for two hole years they had the opportunity to do something if this was so bad, and did nothing? Exactly like the train breaking issue!

It's pretty telling...and sad when your best arguement is why didn't Biden fix the failures from the last guy, so let's vote for the failure guy again. Lol.

CrusaderFrank · Mar 14, 2023

0311 said:
Yes, the Traitor did repeal banking regulations that led to failure of SVB.

Trump signs the biggest rollback of bank rules since the financial crisis

The measure designed to ease rules on all but the largest U.S. banks passed both chambers of Congress with bipartisan support.

www.cnbc.com

It never fails, banking regulations get rolled back or repealed and then banks fail. The banking disaster of 2008 was a direct result of banking speculation. As usual, it took a Democrat to fix what the ConJobs fucked up. Mortgage Backed Securities are a crap shoot and major investment firms who pushed failed.....who'd a thunk it.

Yes, Mr. Biden is acting quickly to support the accounts owners SVB.

Government races to reassure US that banking system is safe

Depositors withdrew savings, and investors broadly sold off bank shares as the federal government raced to reassure Americans that the banking system is secure following two bank failures.

apnews.com

NO, the people who invested in SVB will NOT get their money back. When you invest you are taking a gamble of success, but you are also responsible for what you have done. You played and you lost.

Depositors will with accounts up to $250,000.00 will get their money back.

Investors get shit, you fucked up eat it.

No, not having a CRO for 8 months because they were looking for a Transgender Latinx and no one had the balls to step up is why they tanked

CrusaderFrank · Mar 14, 2023

0311 said:
Yes, the Traitor did repeal banking regulations that led to failure of SVB.

Trump signs the biggest rollback of bank rules since the financial crisis

The measure designed to ease rules on all but the largest U.S. banks passed both chambers of Congress with bipartisan support.

www.cnbc.com

It never fails, banking regulations get rolled back or repealed and then banks fail. The banking disaster of 2008 was a direct result of banking speculation. As usual, it took a Democrat to fix what the ConJobs fucked up. Mortgage Backed Securities are a crap shoot and major investment firms who pushed failed.....who'd a thunk it.

Yes, Mr. Biden is acting quickly to support the accounts owners SVB.

Government races to reassure US that banking system is safe

Depositors withdrew savings, and investors broadly sold off bank shares as the federal government raced to reassure Americans that the banking system is secure following two bank failures.

apnews.com

NO, the people who invested in SVB will NOT get their money back. When you invest you are taking a gamble of success, but you are also responsible for what you have done. You played and you lost.

Depositors will with accounts up to $250,000.00 will get their money back.

Investors get shit, you fucked up eat it.

Fuck SVB and their diversity hires. They should pay for their wokeness

CrusaderFrank · Mar 14, 2023

Wokeness killed SVB

Silicon Valley Bank had no official chief risk officer for 8 months while the VC market was spiraling

Frankenstein · Mar 14, 2023

Catsnmeters said:
It's pretty telling...and sad when your best arguement is why didn't Biden fix the failures from the last guy, so let's vote for the failure guy again. Lol.

How many EO's did he sign the first day this isn't about regulations it's about banks and ESG requirements

Catsnmeters · Mar 14, 2023

Frankenstein said:
How many EO's did he sign the first day this isn't about regulations it's about banks and ESG requirements

And then double down.

ITS BIDEN FAULT CAUSE HE DIDN'T FIX TRUMPS FUCKUPS! Bwahaha!

:banana:

Frankenstein · Mar 14, 2023

Catsnmeters said:
And then double down.

ITS BIDEN FAULT CAUSE HE DIDN'T FIX TRUMPS FUCKUPS! Bwahaha!

I explained why they failed, you are just so ignorant and blind you can't see the truth, Bleat Bleat

Catsnmeters · Mar 14, 2023

Frankenstein said:
I explained why they failed, you are just so ignorant and blind you can't see the truth, Bleat Bleat

Yeah. I saw. It failed because Trump failed and Biden didn't fix it in time.

Good stuff.

Frankenstein · Mar 14, 2023

Catsnmeters said:
Yeah. I saw. It failed because Trump failed and Biden didn't fix it in time.

Good stuff.

Bleat Bleat they were a Bank that had ESG standards that is why the failed sheep

Catsnmeters · Mar 14, 2023

Frankenstein said:
Bleat Bleat they were a Bank that had ESG standards that is why the failed sheep

I thought it was because they were to heavily invested in the tech industry and they had too many bonds that were impacted by rising interest rates.

Who told you it was ESG?

Care4all · Mar 14, 2023

Couchpotato said:
What in this deregulation allowed SVB to fail?

From what I understand, because big bank status in 2018 changed from any bank doing above $50 BILLION to above $250 BILLION being a large bank status, many levels of regulation and stress tests were not required for SVB, doing $200 BILLION.....under the $250 billion.

hadit · Mar 14, 2023

Care4all said:
From what I understand, because big bank status in 2018 changed from any bank doing above $50 BILLION to above $250 BILLION being a large bank status, many levels of regulation and stress tests were not required for SVB, doing $200 BILLION.....under the $250 billion.

So, it sounds like they miscalculated on what a large bank should be? Who were the economists that made the recommendation?

Couchpotato · Mar 14, 2023

Care4all said:
From what I understand, because big bank status in 2018 changed from any bank doing above $50 BILLION to above $250 BILLION being a large bank status, many levels of regulation and stress tests were not required for SVB, doing $200 BILLION.....under the $250 billion.

That part of the regulation dealt with whether a bank qualified for Federal bailout if it failed. But specfically what did SVB do that lead to it's failure that wouldnt have happened had that law not been passed. You're claiming that this law created the circumstances that lead to SVB's failure. So specifically, what caused SVB to fail and how would that law not being passed have stopped that from happening. Otherwise, you're just saying, Orange Man's fault, and counting on the fact that most people have no idea why SVB failed or what's actually in that bill. Much like the WH is doing.

Couchpotato · Mar 14, 2023

Catsnmeters said:
I thought it was because they were to heavily invested in the tech industry and they had too many bonds that were impacted by rising interest rates.

Who told you it was ESG?

Too many of their investors/depositors were from the Tech industry. An industry which made huge sums of money during the pandemic. Those companies dumped that money in to SVB which went from a 60B in assets to over 200B in assets in less than 2 years. SVB invested that money in US Treasuries and Mortgage Based Securities, which once the Fed started raising rates to try and control inflation led to those investments not being worth nearly as much as they counted on. The big problem is the Tech Industry is notorious for being overvalued and in regular need of money infusions. Now that the economy (at least the tech sector) is calming down from the post pandemic bump those tech companies came looking for their money which SVB didnt have due to their heavy investment in what I mentioned above.

Catsnmeters · Mar 14, 2023

Couchpotato said:
Too many of their investors/depositors were from the Tech industry. An industry which made huge sums of money during the pandemic. Those companies dumped that money in to SVB which went from a 60B in assets to over 200B in assets in less than 2 years. SVB invested that money in US Treasuries and Mortgage Based Securities, which once the Fed started raising rates to try and control inflation led to those investments not being worth nearly as much as they counted on. The big problem is the Tech Industry is notorious for being overvalued and in regular need of money infusions. Now that the economy (at least the tech sector) is calming down from the post pandemic bump those tech companies came looking for their money which SVB didnt have due to their heavy investment in what I mentioned above.

That is a pretty good summation of what I had looked into.

Why would trumpers claim it is esg and who is telling them this?

0311 · Mar 14, 2023

Bank Failures Under The Traitor Compared To Joe Biden.

Bank failures under Donald Trump compared to Joe Biden

Some 16 banks failed during Trump's four-year presidency, but none was as big as Silicon Valley Bank, which closed on Friday.

www.newsweek.com

The eight banks that failed in 2017 were: the Washington Federal Bank for Savings, Chicago, Illinois; The Farmers and Merchants State Bank of Argonia, Argonia, Kansas; Fayette County Bank, Saint Elmo, Illinois; Guaranty Bank, Milwaukee, Wisconsin; First NBC Bank, New Orleans, Louisiana; Proficio Bank, Cottonwood Heights, Utah; Seaway Bank and Trust Company, Chicago, Illinois; and Harvest Community Bank, Pennsville, New Jersey.

In 2019, the four banks that collapsed were: City National Bank of New Jersey, Newark, New Jersey; Resolute Bank, Maumee, Ohio; Louisa Community Bank, Louisa, Kentucky; and the Enloe State Bank, Cooper, Texas.

The quartet of banks that failed in 2020 were: Almena State Bank, Almena, Kansas; First City Bank of Florida, Fort Walton Beach, Florida; The First State Bank, Barboursville, West Virginia; and Ericson State Bank, Ericson, Nebraska.

How many banks failed under Biden - One (01).

How many banks failed under the Traitor - Fifteen (15).

Is It True That Fifteen Banks Failed Under Trump.

Is It True That 15 Banks Failed During Trump's Presidency?

A string of bank failures in March 2023 prompted partisan "whataboutism" on social media.

www.snopes.com

The Traitor rolled back banking regs, which led to failure of SVC and Signature Bank. Shut the fuck up.

easyt65 · Mar 14, 2023