SVB Bank.

[Tommy Callahan]

2 minutes ago, Tiberius said:

Capitalism baby! 

Yes, they screwed up 

Guessing the heads of all the rest of these banks and companies with silly spending on green carbon capture credits, Paris accord, social justice/inclusion high paid divisions might be seeing that writing on the wall.

 

 

[ChiGoose]

30 minutes ago, Chris farley said:

Guessing the heads of all the rest of these banks and companies with silly spending on green carbon capture credits, Paris accord, social justice/inclusion high paid divisions might be seeing that writing on the wall.

 

 

Don’t know why they would since that had nothing to do with the current problems. 
 

Over investing in long term government bonds in the face of rising interest rates as well as investing heavily in crypto isn’t social justice as far as I’m aware. 

[The Frankish Reich]

2 hours ago, Chris farley said:

And right now there are voices and reporting on why the fed needs to stop raising rates, for just that reason.  Its NUTZ

 

ignoring the reasoning behind why rates are rising.

 

I guess the choice is Bank runs and recession or runaway inflation.

 

Good times.

 

 

 

 

True.

And that's why we find ourselves in this situation where a "return to normalcy" -- interest rates in the traditional stable economy range (where they were headed), inflation also in the post-Volcker range -- seems to be impossible. The slightest hint of actual harm -- a weird bank with a weird depositor base failed! -- and the overreaction will bring us back to zero interest rates and another cycle of inflation, and another world (which many people want!) in which There Is No Alternative (TINA) to the stock market, and another stock market bubble, and another ... and so on and so on.

[Joe Ferguson forever]

2 hours ago, SoCal Deek said:

I have never given Bill Gates, Elon, Soros, or any of the rest of them much thought. And they give way less to me.

I don't know much about the philanthropy of the others but Bill Gates matches Rotary donations for Polio eradication and it's a tidy sum

https://en.wikipedia.org/wiki/Bill_%26_Melinda_Gates_Foundation

https://ridistrict6290.org/stories/why-bill-gates-partner-with-rotary

 

The Bill & Melinda Gates Foundation (BMGF), a merging of the William H. Gates Foundation and the Gates Learning Foundation,[6] is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was launched in 2000 and is reported as of 2020 to be the second largest charitable foundation in the world,[7][8] holding $49.8 billion in assets.

 

When former President Trump threatened to defund the WHO in summer 2020 over concerns that it was too "deferential" to the Chinese Communist Party, because the BMGF constituted at that time the second-ranked contributor to the WHO, concerns were raised in the charity and academic sector that the BMGF might conceivably bias the WHO in the pursuit of its ideology. In the most timely accounting period, the BMGF provided 45% of the WHO's NGO funds, or in other words 12% of the total operating expenditure of the WHO.[36][37]

It was revealed after the fact that the BMGF had contributed US$1.553 billion to the GAVI over the five years 2016 to 2020. The BMGF was the number two ranked contributor.[38] At the Global Vaccine Summit in June 2020, the BMGF pledged $1.6 billion (or just under 20% of the total) for the subsequent five years

 

Good people that care do exist.  Unfortunately, those that don't almost cancel them out.

Edited March 13, 2023 by redtail hawk

[T master]

23 hours ago, Unforgiven said:

The beginning of the next great depression, or another govt bailout. This is serious business.

 

https://www.cnbc.com/2023/03/10/silicon-valley-bank-collapse-how-it-happened.html

 Interesting read on what the people who ran the bank were fixated on, no surprise.

 

https://12ft.io/proxy?q=https%3A%2F%2Fwww.zerohedge.com%2Fnews%2F2023-03-10%2Flulz-svb-website

 

 

 

 

So then what your saying is that those in the know really don't know what they think they know  🤔 !! 

Edited March 13, 2023 by T master

[Joe Ferguson forever]

2 minutes ago, T master said:

 

So then what your saying is that those in the know really don't know what they think they know  🤔 !! 

Part of the problem is they know they'll get away with it and profit handsomely along the way.  Reminds me of trump...

[Over 29 years of fanhood]

1 hour ago, Chris farley said:

Guessing the heads of all the rest of these banks and companies with silly spending on green carbon capture credits, Paris accord, social justice/inclusion high paid divisions might be seeing that writing on the wall.

 

 

 

48 minutes ago, ChiGoose said:

Don’t know why they would since that had nothing to do with the current problems. 
 

Over investing in long term government bonds in the face of rising interest rates as well as investing heavily in crypto isn’t social justice as far as I’m aware. 

my read is inflation’s devastating impact to the tech sector particularly with net inflows switching to net outflows (venture cus switched to cash burning)  almost overnight, then word of selling off some assets at a loss leaked to social media and once word got out there was a run on the bank, some 42billion in asset withdrawals. 

 

While it’s clear risk management problems are there, it’s the type of organic inflation we are still seeing, exacerbated by inflationary energy and fiscal policy, that is going to of course obliterated the speculative sector further. 

[Biden is Mentally Fit]

14 minutes ago, redtail hawk said:

Part of the problem is they know they'll get away with it and profit handsomely along the way.  Reminds me of trump...

Or Barney Frank. You know, the guy that made 1M over three years from the failing bank as a “non-employee”. Maybe you saw the story. 

[T master]

7 minutes ago, redtail hawk said:

Part of the problem is they know they'll get away with it and profit handsomely along the way.  Reminds me of trump...

 

Reminds me of ALL politicians if we in any way think they are truly doing the job of & for the people we are foolish ! If you wonder why so many in politics wind up being multi millionaires when (& i say this because of what i make) only making $400k a year & less makes me wonder how they get to that type of income .

 

Pelosi & others know just how to do some insider trading you think because there's not many looking towards her wisdom !! 

 

Sure ex POTUS get paid to speak after their runs are over but i again would bet that if we only knew the amounts of money that comes in the back door of the US gov't well no one would care as long as they get their entitlements .

 

But that's why there are Lobbiest/bribary consultants that get paid millions for the things they push for because its all about the money & it's more than just Trump if you think not than your more foolish than you know . 

 

It's just that Trump is also a business man which involves the savvy of being a BS artist to begin with so everyone pushes that to the fore front politicians are just full of S**T too ...

[SoCal Deek]

58 minutes ago, redtail hawk said:

I don't know much about the philanthropy of the others but Bill Gates matches Rotary donations for Polio eradication and it's a tidy sum

https://en.wikipedia.org/wiki/Bill_%26_Melinda_Gates_Foundation

https://ridistrict6290.org/stories/why-bill-gates-partner-with-rotary

 

The Bill & Melinda Gates Foundation (BMGF), a merging of the William H. Gates Foundation and the Gates Learning Foundation,[6] is an American private foundation founded by Bill Gates and Melinda French Gates. Based in Seattle, Washington, it was launched in 2000 and is reported as of 2020 to be the second largest charitable foundation in the world,[7][8] holding $49.8 billion in assets.

 

When former President Trump threatened to defund the WHO in summer 2020 over concerns that it was too "deferential" to the Chinese Communist Party, because the BMGF constituted at that time the second-ranked contributor to the WHO, concerns were raised in the charity and academic sector that the BMGF might conceivably bias the WHO in the pursuit of its ideology. In the most timely accounting period, the BMGF provided 45% of the WHO's NGO funds, or in other words 12% of the total operating expenditure of the WHO.[36][37]

It was revealed after the fact that the BMGF had contributed US$1.553 billion to the GAVI over the five years 2016 to 2020. The BMGF was the number two ranked contributor.[38] At the Global Vaccine Summit in June 2020, the BMGF pledged $1.6 billion (or just under 20% of the total) for the subsequent five years

 

Good people that care do exist.  Unfortunately, those that don't almost cancel them out.

Of course good people exist. They exist everywhere and in ALL economic sectors. Gates makes the news because of the size of his philanthropic contributions. That however doesn’t make him any better than the poor woman who puts a quarter in the basket. 

[Over 29 years of fanhood]

2 minutes ago, JDHillFan said:

Or Barney Frank. You know, the guy that made 1M over three years from the failing bank as a “non-employee”. Maybe you saw the story. 

Yep, on the board.

 

Well At least he seemingly earned his way into politics and the power he achieved the old fashioned way, well before his sexuality would have been deemed not only an asset but a job prerequisite. 
 

ahh the good old days. 

[Joe Ferguson forever]

20 minutes ago, JDHillFan said:

Or Barney Frank. You know, the guy that made 1M over three years from the failing bank as a “non-employee”. Maybe you saw the story. 

I'm pleased you read the entire article.  Was that your virgin voyage into completeness?  The article was always there and available for review.

6 minutes ago, SoCal Deek said:

Of course good people exist. They exist everywhere and in ALL economic sectors. Gates makes the news because of the size of his philanthropic contributions. That however doesn’t make him any better than the poor woman who puts a quarter in the basket. 

uh huh....but we were talking about billionaires not giving a crap about anyone.  Gates cares a lot and backs it up with his wallet

.

Edited March 13, 2023 by redtail hawk

[Biden is Mentally Fit]

Just now, redtail hawk said:

I'm pleased you read the entire article.  Was that your virgin voyage into completeness?  The article was always there and available for review.

Seems odd that you won’t speak to why you left out the tidy sum of 1M angle. Particularly so after spending the better part of a week whining about ol’ tuck. It borders on hypocritical don’t you think? 
 

Much easier to use a laughing emoji than to do any self reflection. Carry on. 

[Joe Ferguson forever]

4 minutes ago, JDHillFan said:

Seems odd that you won’t speak to why you left out the tidy sum of 1M angle. Particularly so after spending the better part of a week whining about ol’ tuck. It borders on hypocritical don’t you think? 
 

Much easier to use a laughing emoji than to do any self reflection. Carry on. 

Thanks for your permission.  What I cut and pasted was true unlike ol tuck.  I didn't conclude that Barney was up for sainthood, for example.

Edited March 13, 2023 by redtail hawk

[SoCal Deek]

5 minutes ago, redtail hawk said:

Thanks for your permission.  What I cut and pasted was true unlike ol tuck.  I didn't conclude that Barney was up for sainthood, for example.

And here we go. You’re claiming that the videos TC showed were ‘untrue’? Interesting take. 

[Biden is Mentally Fit]

4 minutes ago, redtail hawk said:

Thanks for your permission.  What I cut and pasted was true unlike ol tuck.  I didn't conclude that Barney was up for sainthood, for example.

You attempted to paint a picture of Barney. That you did it so feebly is an ol’ red problem born of your need to reflexively defend your team under every circumstance. Seems weird to me but there’s no harm in calling out hypocrisy when we see it.

[Tommy Callahan]

1 hour ago, ChiGoose said:

Don’t know why they would since that had nothing to do with the current problems. 
 

Over investing in long term government bonds in the face of rising interest rates as well as investing heavily in crypto isn’t social justice as far as I’m aware. 

Thats the CNN headline. and has fact to it.  but is just one part of it. 

 

 

 

 

 

https://www.svb.com/news/company-news/silicon-valley-bank-commits-to-$5-billion-in-sustainable-finance-and-carbon-neutral-operations-to-support-a-healthier-planet

 

 

 

 

 

 

 

[ChiGoose]

59 minutes ago, Chris farley said:

Thats the CNN headline. and has fact to it.  but is just one part of it. 

 

 

 

 

 

https://www.svb.com/news/company-news/silicon-valley-bank-commits-to-$5-billion-in-sustainable-finance-and-carbon-neutral-operations-to-support-a-healthier-planet

 

 

 

 

 

 

 

Any evidence that it was these investments that caused the collapse and not buying long term government bonds in the face of rising interest rates?

 

SVB invested in biotech, startups and tech. But for some reason, you’re not blaming those…

 

[All_Pro_Bills]

50 minutes ago, Chris farley said:

Thats the CNN headline. and has fact to it.  but is just one part of it. 

 

 

 

 

 

https://www.svb.com/news/company-news/silicon-valley-bank-commits-to-$5-billion-in-sustainable-finance-and-carbon-neutral-operations-to-support-a-healthier-planet

 

 

 

 

 

 

 

My current employer is hot and heavy for some ESG and DEI lovin' of their own.  I've dedicated myself to avoiding it all, quite successfully.  My co-worker that has spent time working and living in poor parts of Africa and Asia calls all this stuff "first world problems" for people with nothing to worry about such as not starving to death.    

 

 

[Tommy Callahan]

10 minutes ago, All_Pro_Bills said:

My current employer is hot and heavy for some ESG and DEI lovin' of their own.  I've dedicated myself to avoiding it all, quite successfully.  My co-worker that has spent time working and living in poor parts of Africa and Asia calls all this stuff "first world problems" for people with nothing to worry about such as not starving to death.    

 

 

that person seems to have a good grasp of it.

 

is Larry fink/Blackrock an investor of said company?