The same regulations should apply to all banking institutions.
The article concludes the remedy should be to -
” break up too big to fail banks, and address the needs of working families.”
You want a financial crisis?
That is not how to avert one.
lol
The dems spent trillions and "showered people with money" as the Washington Post put it.
All that spending caused the highest inflation in decades
The inflation caused the Fed to hike rates at the fastest pace in decades.
The higher interest rates caused depositors to pull their cash to get a higher return.
SIVB had to sell those bonds at a loss to pay their depositors back, which crippled the bank
Because government regulation is the way to keep businesses from failing. Bernie is exactly on point—well in opposite world.
SVB had no risk assessment team in the uS and the one that they had in Europe was only assessing their LBGT activism. Anyone who invests in a bank that puts Leftwing activism above the risk to your assets, deserves to lose their money.
Actuaries are anathema to ESG.
Bernie the Grifter weighs in...
The commie went right to blaming Trump instead of acknowledging it was the woke focused people in charge who did this to themselves.
“Everything woke turns to shit”
-President Donald Trump.
Right again as usual.
“An outstanding ESG rating - but no chief risk operator: SVB hired woke board obsessed with diversity, invested $5BN for ‘healthier planet’ and held monthlong Pride celebration - but failed to spot glaring problems with investments”
https://freerepublic.com/focus/f-news/4137907/posts
Bernie contains more ____ than a mega-outhouse.
Abraham Lincoln (R) and Dwight D. Eisenhower (R) most likely also at fault.
Regards,
Sanders is blaming Trump for the SVB failure? Who was in charge of Congress? Sanders, go F yourself...
Let’s be clear Bernie Sanders is clueless about the banks long term government bond flop due to Biden’s inflation driving interest rates up to make the bonds useless.
Use the old TDS gig if all else fails.
ROFL
Let's be clear. A person up to his nose in his own excrement should not be talking.
Bernie Sanders is a liar, an idiot, and a communist.
Ahhh, shaddup, ya lying old communist codger.
And no, I won’t get off of your lawn.
Odd.
I don’t remember bank failures under Trump.
By the way, didn’t signature of NY fail, please remind me Bernie which famous overseer of Fannie and Freddie, as well as bank regulation, was on the board.
Bernie, try work and building a business instead of living off everyone else.
Of one the traits of propaganda is scapegoating. It is the practice of singling out a person or group for unmerited blame and consequent negative treatment. It is hostile tactic used to smear an entire group of individuals according to the unethical or immoral conduct of a small number of individuals belonging to that group. Scapegoating relates to guilt by association and stereotyping. The actions of the Southern Poverty Law Center comes to mind when they use this technique to extort money from their political targets.