Does a bear poop in the woods?
Does the sun rise in the east?
I spent 43 years in commercial banking, and in that time, I never saw anything as stupidly run as SVB. Over and beyond that, the Bank examiners were totally asleep and criminally negligent.
Bidens clean tech funding giveaways includes harebrained schemes such as pumping CO2 underground. China and Russians are having a great laugh at our climate hysteria. Led by cloistered urbanites who haven’t a clue how the natural world works.
I always say -— Go ask a farmer for a dose of CO2 reality.
No.
OVERLOADED with loans to “Start-Ups”.
There is an unhealthy attitude towards handing $$$$$$$ to people who haven’t a clue about how to run a business.
Michaelangelo could paint the Sistine Chapel.
Doubt he could be the church treasurer.
Silicon Valley Bank was operated by democrats woke and liberals nothing was on the up and up it would be foolish to think other wise.
Only one person had banking experience it’s believed near 20 other banks are in the same mode as SVB was in.
If you know the right people rules are just a hint.