Nupe. “The System Failed.”
Cal Thomas is still around? holy cow
Clearly Jao BiXiden’s fault.
He needs to prove it isn’t.
They want all the money and power and no responsibility.
what exactly was rolled-back?
please be as specific as possible
act of God... right???
Looks like this will be Bank Failure Week for the history books.
SVB was/is a democrat scheme to funnel funds to far left causes.
Something happened to some people.
So if you are a small institution we run you through the ringer and take bacterial swabs under the sinks. If you are too big to fail, meh, nothing we say or do matters.
I see at is Federal Reserve policy failure not SVB’s.
Sure SVB was running a bunch of woke programs, and perhaps not paying as much attention to risk management and liquidity as they should have. And we want WOKE = Broke, and it often is.
But why are all the other small and regional banks sitting on paper losses in their asset portfolios? That’s the result of Fed policy. And again that’s due to FED policies.
SVB was heavily weighted in Venture than other banks, which in hindsight made them a little more vulnerable to deposit draw downs. In that sense, they served as the canary in coal mine.
Banks borrow from customers short term deposits and they make long term loans like mortgages and other long term and short term loans. That’s what they do. It’s what they have always done.
Banks count on deposits either growing or at least staying steady. They are usually prepared for some deposit draw down but not a large amount.
The FED’s low interest policies forced banks to buy long term securities at high prices (or low yields). The FED’s unprecedented rate hikes, have left those assets with paper losses.
It doesn’t matter if the bank can hold them to maturity, because the bank gets it’s money back and no loss is recognized. And they can do that as long as deposits are stable or growing.
One of the reasons deposits are being pulled from the banks is that customers can get higher interest rates from money market funds. The banks are locked in paying low rates for a while.
https://i.kym-cdn.com/entries/icons/original/000/037/873/We‘re_All_Trying_To_Find_The_Guy_Who_Did_This_banner_1.jpg
Planned. Every state is voting on the Uniform Commercial code which define a single digital currency.
When you hear crisis, expect tyranny. This will complete the destruction of whatever freedoms we had left. Of course, with trumps mail in ballots, what can w expect.
All of this is happening. Just like the covid plandemic. You can call for their trap or be part of it, or be there for the foolish victims. They will likely be many of your loved ones.
Sniffer’s fault.