BeaverFever Posted March 14, 2023 Report Share Posted March 14, 2023 11 hours ago, West said: Just like they blamed Bush for Clinton policy which gave out risky sub prime mortgages based on skin color. If you’re going to repeat blatant lies like a conspiracy kook then you might as well include the lizard people and the illuminati and the “fact” that the world is really flat. 1 Quote Link to comment Share on other sites More sharing options...
suds Posted March 14, 2023 Report Share Posted March 14, 2023 3 hours ago, Nationalist said: Way t' go Joe! Ya fckin' brainless woke twit. From the open border, Fentinyl and millions of illegal aliens...to the cowardly surrender of Afghanistan...the threat of nuclear war over a nothing state...and the trashing of energy independence...and now the collapse of banks... Job Biden is a failure. Don't sweat the small stuff. Joe's got everything under control. 1 Quote Link to comment Share on other sites More sharing options...
West Posted March 14, 2023 Author Report Share Posted March 14, 2023 32 minutes ago, BeaverFever said: If you’re going to repeat blatant lies like a conspiracy kook then you might as well include the lizard people and the illuminati and the “fact” that the world is really flat. You clearly don't have a clue Quote Link to comment Share on other sites More sharing options...
West Posted March 14, 2023 Author Report Share Posted March 14, 2023 57 minutes ago, BeaverFever said: Trump-era banking law paved way for Silicon Valley Bank’s collapse Nicole NareaMar 13, 2023, 7:05pm EDT Silicon Valley Bank was a test case for Congress’s 2018 bipartisan banking deregulation law. It failed. By Nicole Narea@nicolenarea Mar 13, 2023, 7:05pm EDT The collapse of Silicon Valley Bank and other similarly sized banks in recent days has put a spotlight on Congress’s 2018 bipartisan banking deregulation law, which was signed by then-President Donald Trump. Notably, the 2018 law changed which banks are considered “systemically important” to regulators. It increased the threshold from institutions holding at least $50 billion in assets to those with $250 billion. That means only the largest banks face stricter regulation, including requirements to maintain certain levels of liquidity and capacity to absorb losses; comply with company- and government-run stress testing; and submit a living will to prepare for potential failure. SVB had $209 billion in assets, making it the 16th-largest bank in the US by the time it was taken over by the Federal Deposit Insurance Corporation (FDIC) on Friday. But it still wasn’t big enough to be subject to the strictest standard of scrutiny under the 2018 law. Sen. Bernie Sanders (I-VT) noted in a statement Sunday that the Republican director of the Congressional Budget Office warned of this exact scenario five years ago — that the bill would increase what he thought was a small “likelihood that a large financial firm with assets of between $100 billion and $250 billion would fail.” SVB lobbied for deregulation — and may have brought about its own demise In a statement to a Senate committee in 2015, SVB CEO Greg Becker specifically advocated for raising the $50 billion threshold and argued that failing to do so would saddle mid-sized banks like his with “significant burdens that inherently and unnecessarily will reduce our ability to provide the banking services our clients need.” He argued that the compliance costs and human resources associated with having to meet the regulatory requirements would have forced the bank to “divert resources and attention from making loans to small and growing businesses that are the job creation engines of our country, even though our risk profile would not change.” He also touted SVB’s “deep understanding of the market it serves,” “strong risk management practices,” and the “fundamental strength of the innovation economy” on which SVB relied, as well as the bank’s ability to lend to almost 8,000 clients while maintaining strong credit. The bank spent half a million dollars on lobbying in the leadup to the law’s passage, including on hiring two former senior staffers for now House Speaker Kevin McCarthy. It continued to lobby the FDIC even after the law was passed. The Dodd-Frank regulations that SVB fought against might have helped identify the bank’s pitfalls earlier. Because the bank catered to Silicon Valley startups and investors with deposits that generally exceeded the $250,000 FDIC deposit insurance limit, 97 percent of its deposits were uninsured — an abnormally large share compared to other consumer banks. That left the bank vulnerable to instability in the tech sector, which has seen more than 120,000 layoffs in 2023 alone. https://www.vox.com/business-and-finance/2023/3/13/23638655/silicon-valley-bank-trump-fdic-banking-law Yawwwwn Democrats have controlled the house for the last four and the presidency for 18 of the past 22. Time that they stop deflecting blame for their failures and manipulation of markets which results in utter collapse EVERY TIME Quote Link to comment Share on other sites More sharing options...
robosmith Posted March 14, 2023 Report Share Posted March 14, 2023 (edited) 25 minutes ago, West said: You clearly don't have a clue It is you who does not have a clue as to why svb failed. SVB put their deposits in Federal Reserve Notes (nothing "woke" about that) and when interest rates went up to fight inflation, those bonds lost liquidation value. The result is that svb did not have liquid assets to fund withdrawals because selling the devalued bonds would cost them a fortune in realized losses. The stress testing formerly required by Dodd-Frank which was designed to flag that danger, went away when Trump signed the deregulation bill in 2018. As stated in the story posted by BF above, CEO of SVB Becker paid a lot to lobby for removing the regulations that COULD HAVE SAVED HIS BANK. So you are CLUELESS. Edited March 14, 2023 by robosmith Quote Link to comment Share on other sites More sharing options...
West Posted March 14, 2023 Author Report Share Posted March 14, 2023 3 minutes ago, robosmith said: It is you who does not have a clue as to why svb failed. SVB put their deposits in Federal Reserve Notes (nothing "woke" about that) and when interest rates went up to fight inflation, those bonds lost liquidation value. The result is that svb did not have liquid assets to fund withdrawals because selling the devalued bonds would cost them a fortune in realized losses. The stress testing formerly required by Dodd-Frank which was designed to flag that danger, went away when Trump signed the deregulation bill in 2018. As stated in the story posted by BF above, CEO of SVB Becker paid a lot to lobby for removing the regulations that COULD HAVE SAVED HIS BANK. So you are CLUELESS. You lefties are clueless and refuse to take responsibility for the issues that you cause 1 Quote Link to comment Share on other sites More sharing options...
robosmith Posted March 14, 2023 Report Share Posted March 14, 2023 4 minutes ago, West said: You lefties are clueless and refuse to take responsibility for the issues that you cause NO EVIDENCE nor REASON to believe ^this DRIVEL. It is clear you didn't even understand my explanation. LMAO. Quote Link to comment Share on other sites More sharing options...
West Posted March 14, 2023 Author Report Share Posted March 14, 2023 2 minutes ago, robosmith said: NO EVIDENCE nor REASON to believe ^this DRIVEL. It is clear you didn't even understand my explanation. LMAO. Barney Frank disagrees with you imbeciles here... https://www.politico.com/news/2023/03/13/barney-frank-signature-bank-collapse-warren-trump-00086765 Just Democrats trying to COVER for bad ESG woke investments Quote Link to comment Share on other sites More sharing options...
robosmith Posted March 14, 2023 Report Share Posted March 14, 2023 1 minute ago, West said: Barney Frank disagrees with you imbeciles here... https://www.politico.com/news/2023/03/13/barney-frank-signature-bank-collapse-warren-trump-00086765 Just Democrats trying to COVER for bad ESG woke investments NOTHING WOKE about investing in Federal Reserve Notes. And your cite is about Signature (crypto investments), NOT SVB. You just KEEP FAILING. Quote Link to comment Share on other sites More sharing options...
BeaverFever Posted March 14, 2023 Report Share Posted March 14, 2023 18 minutes ago, West said: Yawwwwn Democrats have controlled the house for the last four and the presidency for 18 of the past 22. Time that they stop deflecting blame for their failures and manipulation of markets which results in utter collapse EVERY TIME That’s not a rebuttal to the specific and undeniable fact that Trump singed into law loosened SVB banking regulations with bi-partisan support which included many current Republicans including McCarthy. Your claim that Democrats somehow cause “utter collapse every time” is also nonsense. Deregulation leads to collapse. Republicans are champions of deregulation. Quote Link to comment Share on other sites More sharing options...
BeaverFever Posted March 14, 2023 Report Share Posted March 14, 2023 5 minutes ago, West said: Barney Frank disagrees with you imbeciles here... https://www.politico.com/news/2023/03/13/barney-frank-signature-bank-collapse-warren-trump-00086765 Just Democrats trying to COVER for bad ESG woke investments You don’t even know what “ESG woke investments” are, you’re just parroting what you hear like a toddler 2 1 Quote Link to comment Share on other sites More sharing options...
West Posted March 14, 2023 Author Report Share Posted March 14, 2023 31 minutes ago, robosmith said: NOTHING WOKE about investing in Federal Reserve Notes. And your cite is about Signature (crypto investments), NOT SVB. You just KEEP FAILING. No my cite is about how you LIED about Trump's "deregulation" being the cause Quote Link to comment Share on other sites More sharing options...
West Posted March 14, 2023 Author Report Share Posted March 14, 2023 29 minutes ago, BeaverFever said: You don’t even know what “ESG woke investments” are, you’re just parroting what you hear like a toddler You don't know what they are Quote Link to comment Share on other sites More sharing options...
reason10 Posted March 14, 2023 Report Share Posted March 14, 2023 On 3/13/2023 at 1:26 PM, robosmith said: So how do low stock prices affect the OPERATION of banks? The problem at SVB was too many accounts with deposits unprotected by FDIC which caused the depositor run. Actually SVB's investment actions led to its downfall. https://www.foxbusiness.com/markets/silicon-valley-bank-committed-elementary-errors-banking-larry-summers-says Silicon Valley Bank committed 'one of the most elementary errors in banking,' Larry Summers says Silicon Valley Bank, the nation's 16th-largest bank, failed because its managers made a textbook mistake, according to former Treasury Secretary Larry Summers. Summers, a Harvard University professor who served in both the Clinton and Obama administrations, said Monday the bank "committed one of the most elementary errors in banking: borrowing money in the short term and investing in the long term." SVB collapsed Friday after depositors ran on the bank, which didn't have cash on hand to cover their withdrawals. It was the second-biggest bank failure in U.S. history and the largest since Washington Mutual went under in 2008. What happened is fairly simple: when interest rates were at historic lows, SVB invested depositors' funds in long-term Treasury bonds. But as the Federal Reserve increased interest rates to combat inflation, the price of those bonds cratered, taking SVB with it. 2 Quote Link to comment Share on other sites More sharing options...
West Posted March 14, 2023 Author Report Share Posted March 14, 2023 7 minutes ago, reason10 said: Actually SVB's investment actions led to its downfall. https://www.foxbusiness.com/markets/silicon-valley-bank-committed-elementary-errors-banking-larry-summers-says Silicon Valley Bank committed 'one of the most elementary errors in banking,' Larry Summers says Silicon Valley Bank, the nation's 16th-largest bank, failed because its managers made a textbook mistake, according to former Treasury Secretary Larry Summers. Summers, a Harvard University professor who served in both the Clinton and Obama administrations, said Monday the bank "committed one of the most elementary errors in banking: borrowing money in the short term and investing in the long term." SVB collapsed Friday after depositors ran on the bank, which didn't have cash on hand to cover their withdrawals. It was the second-biggest bank failure in U.S. history and the largest since Washington Mutual went under in 2008. What happened is fairly simple: when interest rates were at historic lows, SVB invested depositors' funds in long-term Treasury bonds. But as the Federal Reserve increased interest rates to combat inflation, the price of those bonds cratered, taking SVB with it. Go woke go broke Quote Link to comment Share on other sites More sharing options...
robosmith Posted March 14, 2023 Report Share Posted March 14, 2023 42 minutes ago, West said: No my cite is about how you LIED about Trump's "deregulation" being the cause Please do tell us how SVB investing depositor cash in Federal Reserve Notes is "woke." LMAO Of course Trump did sign the bill cutting the regulation mandated by Dodd-Frank for SVB in 2018. That is a FACT. Quote Link to comment Share on other sites More sharing options...
robosmith Posted March 14, 2023 Report Share Posted March 14, 2023 45 minutes ago, reason10 said: Actually SVB's investment actions led to its downfall. https://www.foxbusiness.com/markets/silicon-valley-bank-committed-elementary-errors-banking-larry-summers-says Silicon Valley Bank committed 'one of the most elementary errors in banking,' Larry Summers says Silicon Valley Bank, the nation's 16th-largest bank, failed because its managers made a textbook mistake, according to former Treasury Secretary Larry Summers. Summers, a Harvard University professor who served in both the Clinton and Obama administrations, said Monday the bank "committed one of the most elementary errors in banking: borrowing money in the short term and investing in the long term." SVB collapsed Friday after depositors ran on the bank, which didn't have cash on hand to cover their withdrawals. It was the second-biggest bank failure in U.S. history and the largest since Washington Mutual went under in 2008. What happened is fairly simple: when interest rates were at historic lows, SVB invested depositors' funds in long-term Treasury bonds. But as the Federal Reserve increased interest rates to combat inflation, the price of those bonds cratered, taking SVB with it. And the stress tests MANDATED by Dodd-Frank that Trump rescinded, would have corrected those managers' errors. Of course your source being FOX means you only got HALF THE STORY. LMAO. Quote Link to comment Share on other sites More sharing options...
Nationalist Posted March 14, 2023 Report Share Posted March 14, 2023 (edited) 6 hours ago, BeaverFever said: If you’re going to repeat blatant lies like a conspiracy kook then you might as well include the lizard people and the illuminati and the “fact” that the world is really flat. Hi Beave. Been a while. Do you not think an organization called the Illuminati exists? George Washington seemed to think they did. The Christians also believed they existed and in fact, went hunting for them in the early 1500s. So does the Illuminati exist today? I would think so. Having read some of their texts, I can tell you that what we are in the midst of right now, socially, economically and geo-politically, is engineered. From The Rona to the Ukraine war. All engineered. The end game of these "conspiracy theories" as you would call them, is rather pertinent to us right now too. Having an open mind is a sign of intellect Beave. A sign of "illumination"...if you will. But being a dim bulb will always mean blissful ignorance. Edited March 14, 2023 by Nationalist Quote Its so lonely in m'saddle since m'horse died. Link to comment Share on other sites More sharing options...
West Posted March 14, 2023 Author Report Share Posted March 14, 2023 4 minutes ago, robosmith said: Please do tell us how SVB investing depositor cash in Federal Reserve Notes is "woke." LMAO Of course Trump did sign the bill cutting the regulation mandated by Dodd-Frank for SVB in 2018. That is a FACT. It's also a FACT you are LYING that this had anything to do with the collapse of leftist Silicon Valley bank Quote Link to comment Share on other sites More sharing options...
West Posted March 14, 2023 Author Report Share Posted March 14, 2023 2 minutes ago, robosmith said: And the stress tests MANDATED by Dodd-Frank that Trump rescinded, would have corrected those managers' errors. Of course your source being FOX means you only got HALF THE STORY. LMAO. The creator of the test DISAGREES with you.. Quote Link to comment Share on other sites More sharing options...
Rebound Posted March 14, 2023 Report Share Posted March 14, 2023 2 hours ago, West said: You clearly don't have a clue No kidding! Everybody knows the world is flat. Quote @reason10: “Hitler had very little to do with the Holocaust.” Link to comment Share on other sites More sharing options...
Rebound Posted March 14, 2023 Report Share Posted March 14, 2023 16 minutes ago, West said: It's also a FACT you are LYING that this had anything to do with the collapse of leftist Silicon Valley bank What was “leftist” about this bank? Quote @reason10: “Hitler had very little to do with the Holocaust.” Link to comment Share on other sites More sharing options...
West Posted March 14, 2023 Author Report Share Posted March 14, 2023 4 minutes ago, Rebound said: What was “leftist” about this bank? They are leftist/woke because they invest with things that are woke in nature, ie skin color or woke programs, not because the companies themselves are a good investment Quote Link to comment Share on other sites More sharing options...
robosmith Posted March 14, 2023 Report Share Posted March 14, 2023 27 minutes ago, Nationalist said: But being a dim bulb will always mean blissful ignorance. Thanks for your admitting the reason for YOUR IGNORANCE. "Engineered" LMAO Quote Link to comment Share on other sites More sharing options...
Nationalist Posted March 14, 2023 Report Share Posted March 14, 2023 Just now, robosmith said: Thanks for your admitting the reason for YOUR IGNORANCE. "Engineered" LMAO Thanks for not turning on your bulb today...or yesterday...or the day before that... 1 Quote Its so lonely in m'saddle since m'horse died. Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.