Posted on 03/12/2023 1:04:02 AM PST by george76
And expect them to show up in DC this week begging a bailout from the REPUBLICAN Congress.
“And you want WHAT?! Uh. No. I don’t THINK so.”
Party Time with other peoples money
And now they will push for a taxpayer funded bail out so that SBV can make donations to the democrat party for 2024 elections.
I really wish people would/could put an end to this. But wishing isn’t going to do it.
I was thinking yesterday that this was probably the case. However, I am surprised the donations amounts are so low. I was thinking it would be similar, but slightly lower than FTX. Let’s see how cheaply politicians can be bought. I bet it’s enough to keep insider trading executives out of prison.
Any bank officer with fiduciary responsibility who sold stock in anticipation of a "road bump" is going to be sued, and possibly indicted.
https://www.thestreet.com/investing/cryptocurrency/silvergate-bank-collapses
eveyone seems to be focusing on SVB...while this may be the one to watch...crypto payoffs to the UniParty?
I know there are some worried folks out there.
We all need a good belly laugh.
Check out this hilarious tour of the still existing Silicon Valley Bank web page:
https://www.zerohedge.com/news/2023-03-10/lulz-svb-website
There are still job openings there, folks—don’t forget to apply now!
;-)
“begging a bailout from the REPUBLICAN Congress.”
The Republicans need to imitate Robert DeNiro in “Taxi Driver”
“You talking to me? You talking to me?”
https://www.youtube.com/watch?v=-QWL-FwX4t4
That depends on your expectations. I do not expect to be surprised by anything. Read up on the Keating Five. Hint: the real damage and crimes were done long prior Lincoln Financial’s failure.
"How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually and then suddenly." - Hemingway, Sun Also Rises (New tagline material)
Several things to investigate: donations prior to 2020, total historical donations, meetings between SVB executives, politicians, and regulators. Look for those meetings going back five years up to and including the present.
This is a bank in the most liberal community in the country. The fact they donated to libs shouldn’t be shocking to anyone.
The fact they made bone headed investments is a bit shocking.
I worked at a top 20 bank in the early 2000’s. Our Risk Management guy was a pain in the ass. I despised our RM meetings. But, they made us better operationally and we were in a good position to make it through the dot com bubble recession.
I think the virtue signaling is leading the loss of revenue signaling and all is OK for the immediate future. If virtue trumps commonsense then this is the payoff. Go WOKE go BROKE.
What a surprise.
Really! Too funny. I can see Gaetz doing that, too.
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