Failed SV Bank Board Packed With Democrats

[BackAgain]

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

False —as is usually the case when a libturd like you posts.

But even a douche like you would admit (if you were at all honest) that regulators are supposed to — you know — regulate.

 

[Dragonlady]

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

The bank CE0 is an ex-Lehrman Bros. white guy from Wall Street. Goldman, Sachs was their financial advisor, advisor, and KPMG their auditor. Where were these people????? The bank invested in tech start ups and green energy but the tech start up investor bank have long had the reputation of being a rich white guys network. Just like Wall Street.

The Board of Directors are appointed by the shareholders, does little but rubber stamp the actions of the officers. It's easy to pack the board with visibly diverse members because they have no real power and when the shit hits the fan, you can tell the gullible rubes it's because of the diversity on the board.

 

[Dragonlady]

Linky?

Google is your friend. This is a fact already in evidence. Try to keep up.

 

[yidnar]

The bank CE0 is an ex-Lehrman Bros. white guy from Wall Street. Goldman, Sachs was their financial advisor, advisor, and KPMG their auditor. Where were these people????? The bank invested in tech start ups and green energy but the tech start up investor bank have long had the reputation of being a rich white guys network. Just like Wall Street.

The Board of Directors are appointed by the shareholders, does little but rubber stamp the actions of the officers. It's easy to pack the board with visibly diverse members because they have no real power and when the shit hits the fan, you can tell the gullible rubes it's because of the diversity on the board.

actually its because of bad risky investments [many into green deal risky ventures] . not what a well run bank would do .

 

[Harpy Eagle]

Linky?

https://www.govinfo.gov/link/plaw/115/public/174?link-type=pdf&.pdf

 

[Harpy Eagle]

Google is your friend. This is a fact already in evidence. Try to keep up.

No. If someone makes a claim they should support it when asked to.

 

[BasicHumanUnit]

Many Democrats know very little about Economics

what if I told you.......
That everything the Biden Administration (and Democrats backing him) do is all about moving wealth (MONEY) from the hands of American citizens into their control.

The Bank failures, tax hikes, infrastructure bills, "Save America" legislation, the war in Ukraine, digital currency....EVERYTHING is all about making them wealthy Gods.

As lame as it sounds, watch Hunger Games. I think the perps get off on openly exposing their plans and vision for their future (and yours). It gives them a rush to know they actually showed you their plans. The Ultimate "Virtue Signaling".

Just keep in mind that to make it all fall into place, YOU ABSOLUTELY UNQUESTIONABLY MUST BE DISARMED.

 

[Dragonlady]

actually its because of bad risky investments [many into green deal risky ventures] . not what a well run bank would do .

No it is not. It's because they invested heavily in governments bonds, right before the Fed started raising interest rates. Those low yield bonds have lost 1/4 of their value as interest rates have risen, which caused the bank to be short in their liquidity margins, as the tech market softened and loan demand increased. If not for the deregulation, they would have been required to report this shortfall to authorities.

The officers tried to sell a stock issue to increase capital, which alerted clients to the possible liquidity problems, where upon the CE0 called a zoom meeting and told his biggest clients that the bank was fine and everything would be fine, as long as nobody pulled their accounts. Which of course caused all of the banks biggest clients to pull their accounts and tell their friends to do the same.

The cherry on the top of this clusterfuck sundae is that the bank had huge clients with billions on deposit. Peter Thiele, a ultra right wing libertarian billionaire, pulled over $2 billion out of SVB. That's enough money to bring down some big banks, much less one the size of SVB.

Goldman Sachs is on the hook bigtime here. They participated in the stock capitalization. So we have Wall Street greed and self-dealing at play here too. Which is why it is necessary to regulate these assholes in the first place.

 

[dudmuck]

what if I told you.......
That everything the Biden Administration (and Democrats backing him) do is all about moving wealth (MONEY) from the hands of American citizens into their control.

The Bank failures, tax hikes, infrastructure bills, "Save America" legislation, the war in Ukraine, digital currency....EVERYTHING is all about making them wealthy Gods.

As lame as it sounds, watch Hunger Games. I think the perps get off on openly exposing their plans and vision for their future (and yours). It gives them a rush to know they actually showed you their plans. The Ultimate "Virtue Signaling".

Just keep in mind that to make it all fall into place, YOU ABSOLUTELY UNQUESTIONABLY MUST BE DISARMED.

Republicans Accept No Blame For Bank Failures After They Voted To Deregulate Banks

Congress made stricter bank oversight optional in 2018, and lawmakers who backed the bill said regulators still had the tools they needed.

www.huffpost.com

its republicans that deregulated banks.
You've got things reversed.

 

[yidnar]

No it is not. It's because they invested heavily in governments bonds, right before the Fed started raising interest rates. Those low yield bonds have lost 1/4 of their value as interest rates have risen, which caused the bank to be short in their liquidity margins, as the tech market softened and loan demand increased. If not for the deregulation, they would have been required to report this shortfall to authorities.

The officers tried to sell a stock issue to increase capital, which alerted clients to the possible liquidity problems, where upon the CE0 called a zoom meeting and told his biggest clients that the bank was fine and everything would be fine, as long as nobody pulled their accounts. Which of course caused all of the banks biggest clients to pull their accounts and tell their friends to do the same.

The cherry on the top of this clusterfuck sundae is that the bank had huge clients with billions on deposit. Peter Thiele, a ultra right wing libertarian billionaire, pulled over $2 billion out of SVB. That's enough money to bring down some big banks, much less one the size of SVB.

Goldman Sachs is on the hook bigtime here. They participated in the stock capitalization. So we have Wall Street greed and self-dealing at play here too. Which is why it is necessary to regulate these assholes in the first place.

why arent other banks going under eh ? the biggest risk to most banks is a bank run contagion caused by the failures of said woke banks .

 

[BackAgain]

Google is your friend. This is a fact already in evidence. Try to keep up.

A gutless pussy cop out.

Put up or fuck off, lizard bitch.

 

[Dragonlady]

No. If someone makes a claim they should support it when asked to.

The deregulation of the banks has been discussed ad naseum in the multiple threads. Dozens of links have been posted across multiple threads to multple news articles discussing the role the legislation played, including links in Forbes, WAP0 and F0X.

Participants have some responsibility to keep themselves informed since so few people read links when posted. This poster in particular, is one who makes a point of being ill informed.

 

[Harpy Eagle]

The deregulation of the banks has been discussed ad naseum in the multiple threads. Dozens of links have been posted across multiple threads to multple news articles discussing the role the legislation played, including links in Forbes, WAP0 and F0X.

Participants have some responsibility to keep themselves informed since so few people read links when posted. This poster in particular, is one who makes a point of being ill informed.

And I am one that makes a point of holding people to task if they do not provide support for their claims.

Thus it would be very wrong of me to refuse to do so

 

[Dragonlady]

why arent other banks going under eh ? the biggest risk to most banks is a bank run contagion caused by the failures of said woke banks .

Probably because they're not being run by greedy assholes who tried to skirt the regulations.

 

[yidnar]

Probably because they're not being run by greedy assholes who tried to skirt the regulations.

bingo ! the woke bank was run by people that were incompetent !

 

[HereWeGoAgain]

False —as is usually the case when a libturd like you posts.

But even a douche like you would admit )if you were at all honest) that regulators are supposed to — you know — regulate.

When the Wife was CFO at several banks the regulators were a pain in Her ass!!
She bitched about them constantly when they showed up once a year.
And the main theme was...You better have your shit together because they aren't leaving until you do.

 

[BlueGin]

Republicans Accept No Blame For Bank Failures After They Voted To Deregulate Banks

Congress made stricter bank oversight optional in 2018, and lawmakers who backed the bill said regulators still had the tools they needed.

www.huffpost.com

its republicans that deregulated banks.
You've got things reversed.

You claiming SVB is not regulated?

 

[dudmuck]

You claiming SVB is not regulated?

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

SVB lobbied to roll back some of dodd frank, back in 2018.

 

[BlueGin]

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

SVB lobbied to roll back some of dodd frank, back in 2018.

They still are overseen by a federal reserve board.

 

[WEATHER53]

You tell me.
However many of them is really not an issue considering they didnt go broke and lose billions of dollars now did they?

Whataboutism and apples to tire irons is Lib 101