https://freerepublic.com/focus/news/4137377/posts?page=1
Silicon Valley Bank top bosses sold $4.5 million worth of shares before the collapse
https://www.cnbctv18.com ^ | 3/11/2023 | CNBCTV18.com
Posted on 3/11/2023, 10:17:43 AM by bitt
SVB CEO and President Gregory Becker sold over 12,000 shares for $3,578,652.31 on February 26, while CFO Beck sold $575,180 in stocks in a separate transaction on the same day.
Which demonstrates how much confidence we hold in our banks - thanks FDIC. Keep an eye on this aspect in the near future. FDIC is a treasure for one or two bank failures. More than that and the govt must create more debt to meet its obligations... OK...
I saw a big bank in Nashville fail in 1980. The bank closed its doors for a few days, opened on Monday, a desk set up near the front door. Depositors lined up to collect their savings.
'No problem,' said the bank examiner. 'Now let's see... You had four thousand dollars in a savings account; good. And I see you have an outstanding loan for forty thousand dollars. You owe us thirty six thousand dollars. Sorry, no recovery for you.'
...and so forth.