Get woke. Go broke....................
The mentally ill are in control of it all they all need to be re institutionalized immediatley
This whole episode is gaaay.
They really should put it in the proper sequence: Diversity, Inclusion, and Equity. D.I.E., which SVB has.
Bernie Sanders says Silicon Valley Bank’s failure is the ‘direct result’ of a Trump-era bank regulation policy
Business Insider ^ | 03/13/23 | Cheryl Teh
Bad in vestments or interest shooting up and getting ahead of bonds? Didn’t Joe Biden kill SVB?
When your bank's CEO, company CEO, or anyone you know or have to deal with speaks like this? Run. Run fast, and run far away.
So, fiduciary responsibility is a thing after all.
A new version of March Madness
It said in its 2022 ESG Report that the bank strives to 'create a more just, equitable and sustainable world.'
Apparently, the bank wasn't sustainable.
More sickness and illness. The “woke” need to wake up.
its all purposeful....all of it...
The last time the banks went broke was due to a focus on the minority race of mortgage applicants instead of financial qualification for loans.
“Go woke, get bailed out.”
The bank leadership should be held legally responsible as a lesson to other bankers.
Instead, other bankers get the lesson that they will be rewarded for putting wokeness over fiduciary duty to shareholders and bank customers.
This is lighting a fuse.
Don’t do business with sodomites.
What distinguishes this potential bailout of uninsured depositors from the bailout of the 7 big banks in 2008 is that 2008 involved government loans to the undercapitalized banks, that had not yet failed, to avoid systemic failure of the banking system The loans were paid back with interest. SVB is not a bank bailout in the true sense. Nor do I see its failure as systemic to the entire banking system as was 2008 which was exposed to a national economic crisis. How the media loves that word “systemic” to promote crisis and panic. It is systemic solely to that one poorly managed bank coupled with a unique sense of growth circumstances in one industry- tech. It may end up being an uninsured depositor bailout where the bank has already failed and, if the government does reimburse uninsured depositors, which is currently unclear, it is a gift by the taxpayers, not a loan as was the case in 2008. Uninsured depositors should not be reimbursed with taxpayer funds.
Same thing this administration is doing with our country
good riddance to bad garbage
Sounds like Brandon’s White House staff...
Yes, they are woke and didn’t watch their business properly, but Yahoo Finance has an article up blaming it on...guess who? The Trump Administration.