If we split up the country libtards will go broke in nothing flat and could easily be enslaved for our enjoyment And entertainment
It’s just a thought ….
Get woke Go Broke.
Go woke, go broke.
Was NOBODY at SVB even listening?
This reminds me...
Gotta send a letter to hershey...
Gonna do the same thing to them that I did to gillette, target, penneys, etc.
Get woke, go broke
What about all of the states and cities getting woke stupid with pension funds. Tip of the iceberg.
Rather than some ideas and shareholder returns, shouldn’t the bank be worried about its customers?
I guess Marcus is a disciple of the Jack Welch school of running a business.
Yellen is going to bail out the bank.
If it were the “little” people’s money it would be gone gone gone.
What will happen is they will print more money and cause more inflation and more rate hikes to cover rich people money again at everyone else’s expense.
Oprah who would have lost $590 million must have made a phone call.
FDIC Will Protect All Silicon Valley Bank Deposits After Sudden Collapse, Treasury Says
https://www.forbes.com/sites/marisadellatto/2023/03/12/fdic-will-protect-all-silicon-valley-bank-deposits-after-sudden-collapse-treasury-says/?sh=1bbfa272216c
I suspect a bank should be managed to try to get a 3% annual return on its deposit base.
There was a 3-6-3 rule for savings & loans in my youth: pay depositors 3%, charge 6% on mortgages, and hit the golf course at 3pm.
Well, on the bright side, They may not have cared about shareholder returns and stole nearly everything from their depositors, but at least they paid themselves huge bonuses hours before they collapsed.
If you need help from Team Biden it helps to put on donkey ears.
You can’t fix stupid. Education won’t fix it. Money won’t fix it. Nothing can fix it.
Perfect example of what ESG will do to your investments....
While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs!
By Katherine Donlevy, March 11, 2023
In addition to instituting SVB’s first “safe space catch-up” — which encouraged employees to share their coming out stories — and serving on LGBTQ+ panels around the world, Ersapah also spent time over the last year serving as a director for Diversity Role Models and volunteering as a mentor for Migrant Leaders.
Silicon Valley Bank
What is Silicon Valley Bank? Here’s what to know after sudden collapse
“I feel privileged to co-chair the LGBTQ+ ERG and help spread awareness of lived queer experiences, partner with charitable organizations, and above all, create a sense of community for our LGBTQ+ employees and allies.”
Ersapah couldn’t immediately be reached for comment.
SVB was abruptly shut down Friday by the California Department of Financial Protection and Innovation shortly after it disclosed it had taken a $1.8 billion hit from a $21 billion fire sale of its bond holdings.
It faced a cash crunch due to surging interest rates, and a recent meltdown in the tech sector led many customers to pare their deposits.
https://nypost.com/2023/03/11/silicon-valley-bank-pushed-woke-programs-ahead-of-collapse/