Posted on 03/12/2023 1:36:35 PM PDT by ConservativeInPA
The US Federal Deposit Insurance Corporation offered Silicon Valley Bank employees 45 days of employment and 1.5 times their salary, reports say.
An FDIC official did not comment on the details to CNN, but said it is standard practice and one of the first steps the independent government agency takes after being named receiver.
US workers also received their annual bonuses on Friday, just hours before FDIC took over the collapsed lender, Axios reported.
(Excerpt) Read more at cnn.com ...
Assistant gangsters are fine with corruption as long as they get to wet their beaks.
great job guys and gals
Cakes, candies, and other treats were handed out to all hands, most of whom were quite young. 2200 of them died before noon of that day, 27 May 1941.
He’s pinning dude. LOL
Let’s take the SVB employees out to the middle of the ocean.
The CEO set the standard for them, selling 3.5 million of his stock in this worthless bank two weeks ago. And he will face no consequences for having done so. It will be like the S&L crisis where the only person to go to prison was Martha Stewart.
Was there any criminal activity involved with this bank?
Well, to receive such bonuses, they obviously must have done a very good job
... for their masters.
You must be joking.
That's as ridiculous as the mad conspiracy theory of Donald Trump, saying the it was possible that the Wuhan COVID virus originated in a laboratory for doing research on biological weapons.
Everyone knows it started in a food market right next to the biological weapons laboratory.
Putting climate change ahead of investors investments is a crime and a tort.
(But won’t be prosecuted because woke.)
You betcha. Execs sold millions of dollars worth of shares leading up to the collapse. That’s insider trading. Also already revealed: large donations to Democrats, but no investigation into wrongdoing. To me it is reminiscent of the Keating Five in terms of setup. Meetings between SVB execs, politicians and regulators need to be investigated. It’s very important that the past several years is investigated. Banks don’t fail overnight, it take a long series of actions. I am curious if SVB received special treatment from regulators in the past, not recently, so certain people could profit. (Yeah, I sound like a conspiracy nut, but look at all the conspiracy theories that turned out to be true in recent years.)
Taking a wait and see on this.
Federal Reserve Board releases hypothetical scenarios for its 2023 bank stress tests
Guess the bank not on that list...
SVB’s parent company us incorporated in Delaware.
Bet that’s not a coinkydink.
Most banks are incorporated in Delaware or South Dakota.
I am waiting to see what stocks do.
A good many small and regional banks might collapse within the next couple weeks...depending on the panic.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.