American Banks implode after making unwise investments based on woke scores

[Nationalist]

3 hours ago, robosmith said:

IF the Dodd-Frank bill was NOT weakened in 2018, the stress testing mandated by it would have applied to SVB.

Frank is confused and is just making EXCUSES for HIS ROLE in weakening the law, by trying to claim that no one could have anticipated the crypto crisis. Signature was the crypto bank, NOT SVB.

Frank's excuse is BULLSHIT.

LOL...Oh ya have t' love this one.

The vengefulness of Hilary-Billary, and the intellect of Gascon.

[Nationalist]

2 minutes ago, Americana Antifa said:

Was this the same Donald Trump who deregulated the banks, which is the real reason this bank failed?

Then again, it's easier to just blame it on woke.

I'm curious. It appears the board of the bank did support and invest based on this SRI crap. It has been shown to be less effective in producing optimal returns. That would most certainly contribute to the failure of any bank that fails...

Right?

[Deluge]

18 minutes ago, Americana Antifa said:

Was this the same Donald Trump who deregulated the banks, which is the real reason this bank failed?

Then again, it's easier to just blame it on woke.

Interesting that the woketard banks are the ones going under, first.

[Nationalist]

12 minutes ago, Deluge said:

Interesting that the woketard banks are the ones going under, first.

Funny that, eh?

[Nationalist]

Whether wokism helped tip these banks over the edge or not...

It certainly does make for funny copy...

https://www.nbcnews.com/now/video/newark-gets-duped-into-signing-sister-city-agreement-with-fake-country-165140037610

[Nationalist]

56 minutes ago, Dougie93 said:

Roaring Twenties 2.0

Ya perhaps.

[Dougie93]

1 minute ago, Nationalist said:

Ya perhaps.

it's actually on an exponentially greater scale than that

the 1920's bubble was nowhere near the scale of this

so more like Roaring Twenties on Steroids

[Nationalist]

40 minutes ago, Dougie93 said:

it's actually on an exponentially greater scale than that

the 1920's bubble was nowhere near the scale of this

so more like Roaring Twenties on Steroids

Roid-rage. Oh goodie.

[Dougie93]

11 minutes ago, Nationalist said:

Roid-rage. Oh goodie.

the trajectory is a "melt up"

inflation keeps going because they can't restrain it without causing a meltdown

until the effects inflation itself causes the meltdown

then we get a deflationary spiral

at best, into a generational secular bear market, the 1970's on Steroids

at worst, a wage & price spiral on an unprecedented scale, the 1930's on Steroids

depends if there is a Hawley-Smoot 2.0

because it was actually the global trade war incited by the Hawley-Smoot Tariff Act

which turned the 1929 financial crash into the Great Depression

/protip

[Americana Antifa]

3 hours ago, Nationalist said:

I'm curious. It appears the board of the bank did support and invest based on this SRI crap. It has been shown to be less effective in producing optimal returns. That would most certainly contribute to the failure of any bank that fails...

Right?

There's no question that the tech bro dipshits brought this on themselves. But saying that Trump was right is very ironic because he made it possible for this to happen. It's like saying that train derailment in East Palestine happened because woke, they should have listened to Trump, when really it was able to happen because Trump deregulated the train industry.

[Americana Antifa]

3 hours ago, Deluge said:

Interesting that the woketard banks are the ones going under, first.

This just shows that "woke" really means nothing. This was a mega-capitalist bank that went under because Trump deregulated the banks. But they actually failed because, I don't know, some of the tech bros were gay or something.

[reason10]

8 hours 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.

As usual, you're full of shit. Fox gave the WHOLE TRUTH, something you goose steppers know nothing about.

BIDEN's inflation is the reason for that bank's downfall.

[Nationalist]

9 hours ago, Americana Antifa said:

There's no question that the tech bro dipshits brought this on themselves. But saying that Trump was right is very ironic because he made it possible for this to happen. It's like saying that train derailment in East Palestine happened because woke, they should have listened to Trump, when really it was able to happen because Trump deregulated the train industry.

Ahhh...now I'm beginning to see your motivation. TDS.

[reason10]

11 hours ago, Americana Antifa said:

This just shows that "woke" really means nothing. This was a mega-capitalist bank that went under because Trump deregulated the banks. But they actually failed because, I don't know, some of the tech bros were gay or something.

Trump got rid of DODD FRANK, which touched off the financial crisis in 2007. His deregulations gave America the best economy in history.

The bank received TONS of cash because of BIDENFLATION. It invested in long term bonds which are subject to changes in interest rates. The Fed had to hike rates because of BIDENFLATION 

It's as simple as that. BIDEN caused ALL of this.

[Rebound]

On 3/14/2023 at 12:09 AM, West said:

We all knew it was only a matter of time before the far left looney bins blamed Truuuuuump for their failures. 

Just like they blamed Bush for Clinton policy which gave out risky sub prime mortgages based on skin color. 

Go woke and this is the result

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?

[Deluge]

While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs

Jay Ersapah, the boss of financial risk management at SVB’s UK branch, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.

“The phrase ‘You can’t be what you can’t see’ resonates with me,’” Ersapah was quoted as saying on the company website.

“As a queer person of color and a first-generation immigrant from a working-class background, there were not many role models for me to ‘see’ growing up.”

https://nypost.com/2023/03/11/silicon-valley-bank-pushed-woke-programs-ahead-of-collapse/

[reason10]

15 hours ago, Americana Antifa said:

Was this the same Donald Trump who deregulated the banks, which is the real reason this bank failed?

Then again, it's easier to just blame it on woke.

Biden is the reason that bank failed. It was the BIDEN program of flooding the economy with cash that caused the inflation that tanked this bank.

[reason10]

[reason10]

[reason10]

[Deluge]

15 hours ago, Americana Antifa said:

Was this the same Donald Trump who deregulated the banks, which is the real reason this bank failed?

Then again, it's easier to just blame it on woke.

Is this the same ol' lame ass excuse leftists use for their failures?

"It's YOUR FAULT that WE AREN'T WORTH SHIT!!!". lol

[reason10]

[robosmith]

19 hours ago, suds said:

The 'depositors' you speak of were predominantly start-ups and venture capital firms. It's ironic that the very clientele the bank has faithfully served for the past 40 years were the cause of its failure. SVB lent money to start-ups when the venture capitalists wouldn't.  When the venture capitalist funding began to dry up, the start-ups began using their deposits to keep their companies going. The belief that something was amiss with the bank (which there was) is what caused the run on deposits. When the bank was forced to sell its holdings of long term bonds at a loss to cover the withdrawals ... the game was over. Ordinarily a bank holding a ton of long term bonds with low interest rates in a time of rapidly rising interest rates isn't the end of the world. But it doesn't work if there's a run on deposits.  I agree it has nothing to do with wokeness.

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.

[robosmith]

19 hours ago, Nationalist said:

LOL...Oh ya have t' love this one.

The vengefulness of Hilary-Billary, and the intellect of Gascon.

Too bad you got NOTHING BUT ^THIS DRIVEL.

[Nationalist]

Just now, robosmith said:

Too bad you got NOTHING BUT ^THIS DRIVEL.

At least I have something robo-bot.

I guessin' one can see clear through your head.