Skip to comments.Execs Inside Collapsed Bank Move to Profit from It - If One Name Sounds Familiar, It's Because He Had Big Role at Lehman Before 2008 Crash
Posted on 03/12/2023 12:12:36 PM PDT by E. Pluribus Unum
A familiar face from a past economic disaster could be on the verge of profiting off the current Silicon Valley Bank calamity.
SVB, taken over by the Federal Deposit Insurance Corporation at the request of California regulators, is arguably the second-biggest bank failure of its kind in America — but that clearly doesn’t mean there aren’t ways to capitalize off of its collapse.
According to a report from Bloomberg, the managers of the investment banking arm of Silicon Valley Bank, SVB Securities, are seeking a “management buyout of the business.”
They are reportedly looking to expedite a deal because regulators are looking for a buyout of the remnants of SVB Financial Group.
SVB Securities, its own separate entity, is concerned about hemorrhaging talent due to the bank’s collapse.
Bloomberg noted that SVB has “spent heavily in recent years hiring talent across Wall Street to build a competitive investment banking franchise.”
Indeed, looking at SVB Securities’s “About” page reveals a list of impressive careers and résumés up and down its roster of C-level executives, including that of SVB Securities Chief Administrative Officer, Joseph Gentile.
If that name sounds at all familiar to you, that’s because you were paying attention to the financial crisis of 2008.
As Fox Business noted, during those tumultuous economic times, Lehman Brothers’ Global Investment Bank collapsed.
(Excerpt) Read more at westernjournal.com ...
History doesn’t repeat itself but it sometimes rhymes.
- Mark Twain
RAT fingerprints all over this one. The collapse of SVB was no accident. Which major bank will they take down next?
No offense, but this is one of the last banks that democrats would want to collapse.
It was an industry leader in “woke” and it was THE bank of Silicon Valley, a democrat stronghold.
This “crash” is allegedly because of rapidly increasing inflation brought about by this administration AND poor decisions made by an A-list of leftists and democrat donors ala Sam Bankman Fried.
They own this and there is not a “republicrat” fingerprint anywhere to be found......
People in both the Lehman and the latest bank....
Vultures have evolved to eat dead animals and have no reason to attack a live human or pet. However, if cornered or handled, they may bite or vomit. from Mo.gov website
What is the strongest type of vulture?
The Lappet-faced Vulture is thought to be the most powerful vulture. It can eat up to 51 oz of food in one meal. Though largely a scavenging bird, this large vulture also hunts some prey including small mammals, reptiles, fish, and even birds - including baby flamingos. peregrinefund.org
The bank execs sold out their stocks a couple weeks ago. They knew.
I wonder if Thomas H. Lee’s suicide a couple of weeks ago is related to this.
The rats know how to do it. In June of 2008 Chuck Schumer lit the fuse by publicly questioning the solvency of a bank called Indymac. The subsequent bank run lit the fuse on the 2008 Great Recession financial crisis. This SVB thing could be and most probably will be an event with similar repercussions. I think what we are seeing is a realignment of the basic wealth of our society just in time for the Retirement Boom. The system can’t support all of the people who have to retire in the next few years at the levels they have come to expect. Inflation is going to equalize a lot of it and some substantial random losses of investment will remove some retirement funds from the overall balance sheet, benefiting the very wealthy and some younger people who work in the financial sector.
No, they sold 35% or less of their holdings but yes they knew risks were rising
Of course they knew..... here is Stephanie Pomboy and her comments are worth a view, she is confident there are more to come and I would not bet against her -
You gotta know when to fold ‘em
Does Jeb BUSH have anything to do with this bank?
He was working for Lehman when it went bad and was sent to Mexico to beg Carlos Slim Helu to bail Lehman out by brother GW.
Slim said no.
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