I hope the fabricated fake phone fraudulent fiat system thousands of years old comes crashing down to leave truth, reality and the wealth of the planet and its people to be honored and respected.
All thanks to Biden and his woke banking policies, now even our banking system is failing just like our infrastructure is failing under Biden. Trains crash every day, but Dems don't care. All they care about is ruining more banks.
And who have a very weak and undiversified deposit base. Definitely shouldn't be wide spread but there will still be some dominoes to fall in the economy in general. Companies were doing stupid things when Interest rates were as low as they were for so long.
Trading in the stock was halted for volatility multiple times during the session after SVB announced plans to raise more than $2 billion of new capital.
Every couple of years lenders and traders tell me that ‘this time, it will be different.’ Silicon Valley Bank-induced chaos shows that bank deregulation always ends in the same painful way.
"Anyone who doubted how detrimental Trump administration policies would be should analyze the damage unfolding for those trampled by Silicon Valley Bank’s collapse. On May 24, 2018, Trump signed into law the Economic Growth, Regulatory Relief and Consumer Protection Act (the “Reform Act”). This was a regulatory relief bill for regional and community bill, which bank lobbyists and numerous politicians had fought hard for."
"I sure hope that the Republicans and Democrats who gleefully sided with Trump in gutting prudent regulations will now pay the groceries and housing costs of all those people who will lose their jobs due to SVB’s mismanagement and greed."
Every couple of years lenders and traders tell me that ‘this time, it will be different.’ Silicon Valley Bank-induced chaos shows that bank deregulation always ends in the same painful way.
Of course that is true, but don’t forget the SVB mismanagement, Fed easy money policies, and Silicon Valley proliferation of non-profitable businesses.
The funny thing is, it's a zero sum game. US Treasury securities SVB was forced to sell at a loss means the buyer of those securities paid a lower price and therefore got a better deal.
BofA, Wells Fargo, Citicorp, etc. won't take over any part of SVB because they do not want to deal with the typical start up clown who expects another $20 Million after burning through the first $20 Million. When asked if the company is bringing in revenue by selling a product, the start up clown becomes puzzled and replies "What ?"
The funny thing is, it's a zero sum game. US Treasury securities SVB was forced to sell at a loss means the buyer of those securities paid a lower price and therefore got a better deal.
BofA, Wells Fargo, Citicorp, etc. won't take over any part of SVB because they do not want to deal with the typical start up clown who expects another $20 Million after burning through the first $20 Million. When asked if the company is bringing in revenue by selling a product, the start up clown becomes puzzled and replies "What ?"
Viewed from the standpoint of the proliferation and encouragement of non-profitable businesses, I would assume the systemic risk is quite high. Of course the Government is lying through their teeth in the hope that events can be massaged.
All thanks to Biden and his woke banking policies, now even our banking system is failing just like our infrastructure is failing under Biden. Trains crash every day, but Dems don't care. All they care about is ruining more banks.
This is the most rugged individualist libertarian "bank" in the US. It successfully lobbied for less regulation, and got wrecked by a bank run by venture capitalist firms who wanted their (uninsured by the FDC) cash back.
Your ability to see any news story and instantly believe it is further proof of your worldview is incredible.
All thanks to Biden and his woke banking policies, now even our banking system is failing just like our infrastructure is failing under Biden. Trains crash every day, but Dems don't care. All they care about is ruining more banks.
Hah. More Republican deregulation ending in market failure.
Democrats have always hated banks because they see banks as a symbol of hard work and capitalism. That's why they refuse to support these banks with respect to funding the bail outs and requiring regulations for their better management of free enterprise.
All thanks to Biden and his woke banking policies, now even our banking system is failing just like our infrastructure is failing under Biden. Trains crash every day, but Dems don't care. All they care about is ruining more banks.
This is the most rugged individualist libertarian "bank" in the US. It successfully lobbied for less regulation, and got wrecked by a bank run by venture capitalist firms who wanted their (uninsured by the FDC) cash back.
Your ability to see any news story and instantly believe it is further proof of your worldview is incredible.
Nice spin to further your liberal socialist Venezuelan-type agenda. This destruction of American banking is all on Biden and the Dems who ridicule investment and savings, while handing out checks to low-end borrowers who manipulate the lending process.