American Banks implode after making unwise investments based on woke scores

[Nationalist]

4 hours ago, robosmith said:

I  keep hoping you'll stop your TROLLING and actually address my POINTS.

But making you look FOOLISH when all you post is your DRIVEL is a close 2nd place prize.

Address your points? OK.

Robo-bot, if you comb your hair to one side, you will cover that bald point at the top of your head.

[Dougie93]

2 hours ago, Rebound said:

Guess what? Shares in Credit Susie soared this morning after it was announced they received an infusion of $54 billion.  Guess you aren’t such a sharp investor as you thought. 

I said the central bank was going to bail them out

I'm not making stock pucks for day traders tho

I wouldn't recommend trying to beat the house on your smartphone

if you want to place bets like that, I would work through a hedge fund

you shouldn't go day trading, unless you have your own Bloomberg terminal at least

Edited March 16, 2023 by Dougie93

[reason10]

13 hours 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.  

In this thread so far there have been ZERO right right wing fake news sites. So you are a LIAR in that regard.

As far as FoxNews goes (and Fox IS the most reliable news source on the planet)

Not sure that would qualify the bank as Woke, but it clearly supported far left causes. As far as what caused SVB to tank, it's leadership ALONG with Unelected Joe deserves the blame.

https://www.foxnews.com/opinion/biden-banking-busts-include-this-single-biggest-monetary-policy-mistake-half-century

President Joe Biden created the perfect storm for what may become a string of banking busts. In 2021, he lied about inflation, saying it was temporary and "no serious economist" considered it a threat. Yellen and Federal Reserve Chairman Jerome Powell, whose first term was about to expire, went along with Biden and did nothing to bring down prices. It was the single biggest monetary policy mistake in half a century.

Then in March 2022, newly reappointed Powell launched aggressive rate hiking to cure what the Wall Street Journal called "a mess largely of the Fed's own making." As rates rose fast, startup companies could no longer afford to borrow, and instead started withdrawing their bank deposits. Without regulatory intervention, the downfall of SVB was almost a foregone conclusion.

On March 7, Powell predicted that the Fed will likely "increase the pace of rate hikes" to continue bringing down inflation. A task made more difficult by our spendaholic president's budget proposal, which is an inflation accelerator.

As rates rise, more banks could be in trouble. Continued government incompetence is not an option.

Mr. President, get rid of your woke minions and appoint competent people. Our money and jobs are at stake.

On Sunday night, Biden said he's "firmly committed to holding those responsible for this mess fully accountable." Look in the mirror, Mr. President.

Instead, he's looking at the list of Democratic campaign donors and scurrying to bail them out. Ninety-eight percent of all political contributions from people who worked at internet companies went to Democrats in 2020. Silicon Valley residents coughed up nearly $200 million for Democrats. No surprise that the Treasury and the Fed are offering bailouts, whether they use that word or not.

Biden's reckless spending and incompetent monetary policy are causing this string of banking busts. And John Q. Public will end up paying one way or another.

This is ECONOMICS, an ADULT subject. You are still in the third grade. This is WAY over your uneducated head, snowflake.

[West]

3 hours ago, Rebound said:

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. 

They give out investments based on whether or not the company has enough gay albino black men or not.

[Rebound]

17 minutes ago, West said:

They give out investments based on whether or not the company has enough gay albino black men or not.

False. 
Why did the bank fail?

[West]

5 minutes ago, Rebound said:

False. 
Why did the bank fail?

This is why we can't have a discussion. You deny reality

[Rebound]

59 minutes ago, West said:

This is why we can't have a discussion. You deny reality

Reality is that the bank failed. You invented a reason why, but you cannot answer a single question describing your answer. 
 

If what you’re saying is true, you would be able to show us the names of the failed companies and investments and how “woke” caused those companies and investments to fail.  
 

All you have is “woke bad, therefore woke caused SVB to fail”.  That’s not rational at all.  Do you think if you were a business school student that you could say a dumb thing like that and get a grade of D or better?  You would not.  

[reason10]

No, dummy, they are a bank. 

Not any more,snowflake. They're just another welfare case for the taxpayers to bail out.

Look… you read this from some right wing fake news site, and you believe it’s true… but that doesn’t make it true. 

FoxNews is not a right wing fake  news sight, dumbass. Fox gives ALL points of view equal time. Get your head out of your ass.

1) What is the name of one single “woke” company they invested in?

How about BLACK LIARS MURDER? Or maybe today it should be called BUILD LARGE MANSIONS?

https://nypost.com/2023/03/15/svb-donated-73m-to-black-lives-matter-movement-social-justice-causes/

SVB donated $73M to Black Lives Matter movement, social justice causes

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

https://pjmedia.com/news-and-politics/ryanledendecker/2022/08/31/bed-bath-beyond-goes-broke-retailer-to-shutter-stores-cut-staff-after-cancelling-mypillow-last-year-n1625561

Bed Bath & Beyond Goes Broke: Retailer to Shutter Stores, Cut Staff After Cancelling MyPillow Last Year

Oh, and DISNEY is suffering MASSIVE losses in sales, especially in the vacation capital of the world: Florida. But DeSantis will probably bail those queers out just to save the jobs in Central Florida.

 

Edited March 16, 2023 by reason10

[robosmith]

6 hours ago, Nationalist said:

Address your points? OK.

Robo-bot, if you comb your hair to one side, you will cover that bald point at the top of your head.

Shows what you know. I have a full head of hair and it's not even gray.

You're JUST PROJECTING. Another of your mental (and hair) problems.

[robosmith]

4 hours ago, West said:

They give out investments based on whether or not the company has enough gay albino black men or not.

Stop LYING.

[BeaverFever]

5 hours ago, West said:

This is why we can't have a discussion. You deny reality

You haven’t even ben able to define “woke banking” let alone give a specific example of how SVB lost its money doing it. Stop being such a gullible chump.  
 

Don’t you feel embarrassed repeating claims you can’t explain and don’t even understand?

Edited March 16, 2023 by BeaverFever

[West]

4 hours ago, BeaverFever said:

You haven’t even ben able to define “woke banking” let alone give a specific example of how SVB lost its money doing it. Stop being such a gullible chump.  
 

Don’t you feel embarrassed repeating claims you can’t explain and don’t even understand?

Pfft come on its right on front of your nose bud

[West]

5 hours ago, robosmith said:

Stop LYING.

YOU are the one lying to cover up for woke banks collapsing

 

[robosmith]

Just now, West said:

YOU are the one lying to cover up for woke banks collapsing

 

You've NOT proven ANYTHING about banks being "woke" let alone causing any collapse. All you have is ^this BULLSHIT

Stop LYING.

[West]

Just now, robosmith said:

You've NOT proven ANYTHING about banks being "woke" let alone causing any collapse. All you have is ^this BULLSHIT

Stop LYING.

You LIE nonstop

[robosmith]

1 minute ago, West said:

You LIE nonstop

No REASON to believe ^this OPINION.

Stop LYING.

[West]

7 minutes ago, robosmith said:

No REASON to believe ^this OPINION.

Stop LYING.

Have you no shame? 

[BeaverFever]

5 hours ago, West said:

Pfft come on its right on front of your nose bud

No its not. You’re still failing to prove your claims. Don’t you ever get tired of being such a failure?

[West]

33 minutes ago, BeaverFever said:

No its not. You’re still failing to prove your claims. Don’t you ever get tired of being such a failure?

?

[robosmith]

Silicon Valley Bank Is Gone. We Know Who Is Responsible.

Quote

No one should be mistaken about what unfolded over the past few days in the U.S. banking system: These recent bank failures are the direct result of leaders in Washington weakening the financial rules.

In the aftermath of the 2008 financial crisis, Congress passed the Dodd-Frank Act to protect consumers and ensure that big banks could never again take down the economy and destroy millions of lives. Wall Street chief executives and their armies of lawyers and lobbyists hated this law. They spent millions trying to defeat it, and, when they lost, spent millions more trying to weaken it.

Greg Becker, the chief executive of Silicon Valley Bank, was one of the ‌many high-powered executives who lobbied Congress to weaken the law. In 2018, the big banks won. With support from both parties, President Donald Trump signed a law to roll back critical parts of Dodd-Frank. Regulators, including the Federal Reserve chair Jerome Powell, then made a bad situation worse, ‌‌letting financial institutions load up on risk.

Banks like S.V.B. ‌— which had become the 16th largest bank in the country before regulators shut it down on Friday ‌—‌ got relief from stringent requirements, basing their claim on the laughable assertion that banks like them weren’t actually “big” ‌and therefore didn’t need strong oversight.

 

[Nationalist]

18 hours ago, robosmith said:

Shows what you know. I have a full head of hair and it's not even gray.

You're JUST PROJECTING. Another of your mental (and hair) problems.

You asked my to address your point. I did.

[reason10]

On 3/16/2023 at 9:33 AM, Rebound said:

False. 
Why did the bank fail?

Asked and answered.

[Americana Antifa]

On 3/15/2023 at 10:14 AM, Deluge said:

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

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

Donald Trump is a leftist now?

[Americana Antifa]

On 3/15/2023 at 10:09 AM, reason10 said:

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.

Even if you had any evidence of that, which I'm sure you don't, all that would mean is that Biden and Trump were both responsible. Again, Trump deregulated the banks much like he deregulated the trains.

[Americana Antifa]

On 3/15/2023 at 9:44 AM, reason10 said:

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