Failed SV Bank Board Packed With Democrats

[MarcATL]

Various people have cited poor management.

Who were the managers though?

 

[Harpy Eagle]

Various people have cited poor management.

 

[BackAgain]

So ask to have regulations dismantled and then complain that the dismantling caused troubles?

So, your ^ spew is not akin to anything i said.

Which regulation being modified or eliminated is it which you seem to claim led to the inability of bank regulators to regulate what that bank was doing?

Try to be precise and concise.

 

[Dante Reawakened]

So, your ^ spew is not akin to anything i said.

Which regulation being modified or eliminated is it which you seem to claim led to the inability of bank regulators to regulate what that bank was doing?

Try to be precise and concise.

blame the regulators. It's disingenuous and a deflection from the true blame.

 

[Dante Reawakened]

Who were the managers though?

How dare you ask that question! What about the regulators?

 

[Harpy Eagle]

You could be wrong? Then, maybe check before speculating.

The 2018 law changed the threshold for which banks were required to undergo an annual Federal Reserve stress test from 50 billion in assets to 250 billion in assets.

Thus this bank was not one that was checked by regulators.

 

[Leo123]

Who were the managers though?

Apparently there were no real managers at that bank.

 

[Dante Reawakened]

and only one of the board members had previous experience in banking ... the majority were woke activists and dem donors .

Even the hacks over at WExaminer are onto this: "Tech mogul and Republican campaign donor Peter Thiel is being accused of sparking the run on the bank that forced regulators to close down Silicon Valley Bank."

MSN

www.msn.com

 

[Viktor]

How many members of the Exxon board have oil and gas experience?

Also, one of the board member of SVB was the founder of a frim that finds financing for Cognitive Apps and had more than a decade of experience in venture capital work.

A different board member was the Vice President, Head of Health Ventures and Chief Innovation Officer at Humana. She then was the President and Chief Commercial Officer at Carrot Inc and is now the CEO of Rite Aid.

so f what?

 

[Dante Reawakened]

Apparently there were no real managers at that bank.

Silicon Valley Bank - Banking for Innovation Economy

Silicon Valley Bank is the financial partner of the innovation economy; helping individuals and investors in the innovation ecosystem achieve extraordinary outcomes.

www.svb.com

Board of Directors

Executive Team

 

[Harpy Eagle]

so f what?

So they had relevant experience. Far more relevant experience than the people that sit on the board of Exxon

 

[Harpy Eagle]

Apparently there were no real managers at that bank.

 

[Thunk]

And always by a shady backdoor way to get taxpayers to bail out the Uber rich.

Not shady...just flat out illegal! But when has that ever mattered to a democrat?

The FDIC can NOT legally backstop/insure/bailout uninsured bank deposits

Title 12 - Banks and Banking §1821. Insurance Funds (a)(1)(B)

"The net amount due to any depositor at an insured depository institution shall not exceed the standard maximum deposit insurance amount as determined in accordance with subparagraphs (C), (D), (E) and (F) and paragraph (3)."

 

[Leo123]

Even the hacks over at WExaminer are onto this: "Tech mogul and Republican campaign donor Peter Thiel is being accused of sparking the run on the bank that forced regulators to close down Silicon Valley Bank."

MSN

www.msn.com

No real facts...from the article: His efforts are thought to be the first that eventually sparked the bank run, leading to California regulators intervening.
Pure speculation

 

[Leo123]

Silicon Valley Bank - Banking for Innovation Economy

Silicon Valley Bank is the financial partner of the innovation economy; helping individuals and investors in the innovation ecosystem achieve extraordinary outcomes.

www.svb.com

Board of Directors

Executive Team

They can call themselves whatever they want, their bad management was the cause.

 

[toobfreak]

Where were our vaunted bank examiners?

Barry Obumma had accounts there.
Hillary Clinton had accounts there.
Gavin Newsom had accounts there.
Don't worry. Their investments are all protected now. Joe has them covered with YOUR tax revenue.

Number of officers overseeing wokeness, diversity and inclusion: +30.

Number of officers overseeing banking health and fiscal security: 0

Amount of money donated to BLM by the now defunct bank: 71 million dollars.

The Woke Go Broke.

 

[Leo123]

Barry Obumma had accounts there.
Hillary Clinton had accounts there.
Gavin Newsom had accounts there.

Number of officers overseeing wokeness, diversity and inclusion: +30.

Number of officers overseeing banking health and fiscal security: 0

Amount of money donated to BLM by the now defunct bank: 71 million dollars.

The Woke Go Broke.

But.....But....They CALLED themselves 'directors' and 'managers.'

 

[Harpy Eagle]

Barry Obumma had accounts there.
Hillary Clinton had accounts there.
Gavin Newsom had accounts there.

 

[Harpy Eagle]

Number of officers overseeing wokeness, diversity and inclusion: +30.

Number of officers overseeing banking health and fiscal security: 0

 

[Harpy Eagle]

Pure speculation