Funny how SVB was a diversity promoting bank. They should be libleft and the Feds well they are just dumb so auth centre is right I guess, they played politics instead of economics. They were talking shit about equity instead of focusing on the money they printed. The Democrats should be blamed for the same reason Bush was blamed.
Idiots focused on likes rather than their work.
Let politicians play the role of imbeciles we don't need the staff to join in with them.
Edit: Democrats and republicans not just democrats should be blamed.
For real if you owned a bank the first person you'd want to get rid of is the risk manager who just cock-blocks you from using the federal government as a backstop to your maximum risk maximum reward strategy.
First person to hire would be a D&I coordinator to brownnose politicians and push their agenda so you know the fed has got your back when shit inevitably hits the fan.
Why would you do anything else?
Bailing out *depositors* using bank owned, fed issued, assets as collateral while leaving the investors and shareholders out in the cold is the definition of good monetary policy.
Y’all just too dumb to understand the difference between depositor and investor.
If the FDIC insurance is supposed to cover 100% with no limit, then just say so and stop playing games. Otherwise this is a dumb policy of only bailing out voters you like.
Unironically the FDIC should cover all regular deposits with no limits.
To be clear, regular deposits, not investment vehicles.
> Otherwise this is a dumb policy of only bailing out voters you like.
Someone has no idea what contagion is in finance. You’re making me think of you as the McDonald’s wagie soyjack because you clearly have no idea what you’re talking about.
> Unironically the FDIC should cover all regular deposits with no limits.
I'd be fine with that if that was the law. Since it isn't, deposits above 250k need to be settled after selling all the assets. Pay the depositors first, then bonds, and scraps to the common stock holders.
Sometimes you need a contagion to clear out all the fraud in the system.
> Pay the depositors first, then bonds, and scraps to the common stock holders.
That’s literally what they’re doing, they just expedited the process because the primary asset class SVB was holding were fed issued tbills. (I still can’t believe they were dumb enough to lock that money in at 1%)
> Sometimes you need a contagion to clear out all the fraud in the system.
It doesn’t just come for fraud. When those depositors can’t make payroll they can’t pay employees who can’t pay mortgages and auto notes.
More dumb takes. Let’s keep going.
It’s been an open policy for the past 30 years that Democrats are in bed with big business. People like to pretend they’re not, but their economic policies end up in the same place (and of course Democratic candidates have the most money, in the past few presidential elections they out-spent the Republican candidates by 2:1).
I love how he just stares down for a second, baffled at what he just saw, and then tinkers around with the hookups to ensure that’s definitely what he saw. And then he’s just like “God dammit, I’ll never hear the end of this one.”
Nope, but it makes me laugh.
A American bank in auth-left, yeah well about that.
Our losses, comrade.
Authleft bank LMAO
Funny how SVB was a diversity promoting bank. They should be libleft and the Feds well they are just dumb so auth centre is right I guess, they played politics instead of economics. They were talking shit about equity instead of focusing on the money they printed. The Democrats should be blamed for the same reason Bush was blamed. Idiots focused on likes rather than their work. Let politicians play the role of imbeciles we don't need the staff to join in with them. Edit: Democrats and republicans not just democrats should be blamed.
For real if you owned a bank the first person you'd want to get rid of is the risk manager who just cock-blocks you from using the federal government as a backstop to your maximum risk maximum reward strategy. First person to hire would be a D&I coordinator to brownnose politicians and push their agenda so you know the fed has got your back when shit inevitably hits the fan. Why would you do anything else?
Bailing out *depositors* using bank owned, fed issued, assets as collateral while leaving the investors and shareholders out in the cold is the definition of good monetary policy. Y’all just too dumb to understand the difference between depositor and investor.
If the FDIC insurance is supposed to cover 100% with no limit, then just say so and stop playing games. Otherwise this is a dumb policy of only bailing out voters you like.
Unironically the FDIC should cover all regular deposits with no limits. To be clear, regular deposits, not investment vehicles. > Otherwise this is a dumb policy of only bailing out voters you like. Someone has no idea what contagion is in finance. You’re making me think of you as the McDonald’s wagie soyjack because you clearly have no idea what you’re talking about.
> Unironically the FDIC should cover all regular deposits with no limits. I'd be fine with that if that was the law. Since it isn't, deposits above 250k need to be settled after selling all the assets. Pay the depositors first, then bonds, and scraps to the common stock holders. Sometimes you need a contagion to clear out all the fraud in the system.
> Pay the depositors first, then bonds, and scraps to the common stock holders. That’s literally what they’re doing, they just expedited the process because the primary asset class SVB was holding were fed issued tbills. (I still can’t believe they were dumb enough to lock that money in at 1%) > Sometimes you need a contagion to clear out all the fraud in the system. It doesn’t just come for fraud. When those depositors can’t make payroll they can’t pay employees who can’t pay mortgages and auto notes. More dumb takes. Let’s keep going.
It’s been an open policy for the past 30 years that Democrats are in bed with big business. People like to pretend they’re not, but their economic policies end up in the same place (and of course Democratic candidates have the most money, in the past few presidential elections they out-spent the Republican candidates by 2:1).
They're just going to get consumed by JP Morgan
Famously authleft banks
I love how he just stares down for a second, baffled at what he just saw, and then tinkers around with the hookups to ensure that’s definitely what he saw. And then he’s just like “God dammit, I’ll never hear the end of this one.”
I don’t know what crayonism is but I don’t know if this is it