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American Banks implode after making unwise investments based on woke scores


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23 minutes ago, robosmith said:

But it has a LOT to do with the deregulation signed by Trump.

Dodd-Frank mandated stress tests for banks like SVB, which would have REVEALED the FACT that they had invested short term deposits in LONG TERM government BONDS. That is IF they had not been REPEALED for SVB sized banks.

And Becker spent a fortune to lobby for those stress test requirement's repeal for HIS BANK.

Just like with train safety, Republicans' OBSESSION with deregulation for SHORT TERM gains, ends up biting those involved (US) in the ass.

You have a third grade education. Dodd Frank helped cause the financial crisis Bush inherited.

Deregulation led to the greatest economy in history, made possible by LEGALLY ELECTED PRESIDENT TRUMP.

Biden's INFLATION is the reason why SVB's assets climbed to over 200 BILLION. (Those  HUGE deficits were from Biden's STIMULUS checks he sent to everyone, mostly the rich.) That caused INFLATION.

SVB invested that extra cash in long term bonds, which are very sensitive to interest rates. The FED had to raise rates to slow down the inflation BIDEN CAUSED. Those long term bonds became worthless.

This is ALL BIDEN'S FAULT, not Trump.

Trump left UNELECTED JOE an expanding economy. And look like UNELECTED JOE FUKKKED IT UP.

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2 minutes ago, reason10 said:

Roboshit doesn't have a life otherwise. He has the brains of an oyster.

His whole life is THE VIEW.

That's DANGEROUS stupid.

LOL...Note To Self...

Put hot tea down before reading posts.

Friggin' hilarious. Thanks. I needed a good giggle.

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7 hours ago, Rebound said:

You have yet to list one single “woke” investment that SVB made. Which leads me to assume that you’re just making all this up; ie, you’re completely full of shlt.

 

Can you name one single woke company than SVB invested in? That’s your claim, isn’t it?

They are a woke investment firm. That's what they do...

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57 minutes ago, West said:

They are a woke investment firm. That's what they do...

No, dummy, they are a bank. 
 

Look… you read this from some right wing fake news site, and you believe it’s true… but that doesn’t make it true. 
1) What is the name of one single “woke” company they invested in?

2) What is one single “woke” policy this bank had that is any different from any other bank in the US?

3) What is the name of a “woke” company that’s gone insolvent because of its “wokeness” and dragged down this bank? 
 

Let me help you out: You can’t answer any of these questions, so you’ll deflect and start talking about hunter’s laptop or Benghazi.  

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56 minutes ago, Rebound said:

No, dummy, they are a bank. 
 

Look… you read this from some right wing fake news site, and you believe it’s true… but that doesn’t make it true. 
1) What is the name of one single “woke” company they invested in?

2) What is one single “woke” policy this bank had that is any different from any other bank in the US?

3) What is the name of a “woke” company that’s gone insolvent because of its “wokeness” and dragged down this bank? 
 

Let me help you out: You can’t answer any of these questions, so you’ll deflect and start talking about hunter’s laptop or Benghazi.  

You choose to remain an ignoramus. 

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On 3/14/2023 at 8:01 PM, Nationalist said:

Roid-rage. Oh goodie.

Credit Suisse is in trouble now

stock is down 76% YTD, -24% in one day

the Saudi National Bank owns 10% of Credit Suisse

Credit Suisse went to the Saudi's for a bailout

the Saudis refused

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32 minutes ago, Dougie93 said:

Credit Suisse is in trouble now

stock is down 76% YTD, -24% in one day

the Saudi National Bank owns 10% of Credit Suisse

Credit Suisse went to the Saudi's for a bailout

the Saudis refused

Oh oh...

Well...this is shaping up to be a banner year.

"Way t' go Joe."

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11 minutes ago, Nationalist said:

Oh oh...

Well...this is shaping up to be a banner year.

"Way t' go Joe."

don't lock in your variable rate mortgage

since they raised interest rates to just 4.5%

and that is causing a global banking crisis

so they won't be raising rates now, they are going to pivot back to easing

 

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21 minutes ago, Dougie93 said:

don't lock in your variable rate mortgage

since they raised interest rates to just 4.5%

and that is causing a global banking crisis

so they won't be raising rates now, they are going to pivot back to easing

 

They might. It would be good for me if they did. I wonder if the economy can stand it?

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6 hours ago, West said:

You've been educated several times. This is a woke bank

This is exactly why Republicans terrify me. I know that several members of Congress have claimed this, too.  
What you are saying is pure stupid. Your team decides that “woke” is the root of all evil, and therefore, any bad thing that happens must be caused by “woke.”   And that is the entirety of your thinking process.  Facts are irrelevant. 
 

Let me learn you about diversity in Silicon Valley: It is extreme, and it’s been extreme forever.  Intel was formed by immigrants. Most Silicon Valley companies are over 50% immigrants, all the way up to the executive suite.  The CEOs of both Google and Microsoft are Indian. CEO of AMD is an Asian woman. CEO of Apple? White, male… and gay. Diversity is pervasive in Silicon Valley.  The bank doesn’t need to be “woke,” because straight white men are the minority. 

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