Bank regulators seize Silicon Valley Bank in largest bank failure since the Great Recession .... Wells Fargo ??
- Thread starter Gemini
- Start date
If CS goes... Yikes
If you ever been around gay people, you would know they are terrible with credit.
You must not have any gay family. And don't pay attention to the Jussie type scamming them MFers be on.
This was a woke bank that was known for pushing LBGT issues to politicians. These ARE the people destroying the economy and pushing net zero gain issues.
Instead of them paying attention to issues that helps 2% or less of the population, maybe we need to look at things like the border.
That would help two birds with one stone. Making drug prices higher would slow demand and help with crime. Less people crossing the border means less strain on social systems.
The people you keep ignoring are currently in leadership positions. They are not the people capable of leading a McDonald's let alone a country. They are to blame for a lot of the BS going on.
Ignoring the mental illness aspect of our current leadership is going to drive the country into a deep hole thats going to take decades to dig out of.
damm... 
Holy shit, that is some Reed Richards level of reaching for that conclusion.
just blame black ppl-thats been the protocol for everything wrong in society
Listenin to this waiting on my food.
Let me help out the EU with the U.S. playbook.
1. You need to get some black treacherous fool to spout off my work, give him a tiny percentage of the value stolen from me. This will provide you racial cover.
2. Than you have some high level government bureaucrat sanction IP theft, preferably the head of state and that nothing will happen to you. You might want to make threats of violence against this person to keep him quiet.
3. This will calm the markets and reassure investors.
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Well, look like the stock market is back to normal. I have to give the feds credit for sweeping in and cleaning up this mess very quickly, although we still have an issue with the banks it’s calm down for now. People just to be on the safe side put some money in a credit union.
They need to investigate the VC's you initiated the bank run. They are who caused it.
The SVB Debacle: The Biggest Myths, the Out-of-Control Blame Game, and the Worst Takes
Derek, Michael Batnick, and Ben Carlson also discuss whether this will change the direction of monetary policy and whether the U.S. has too many banks in the first place
www.theringer.com
Silicon Valley Bank Collapse FAQ: Whose Fault Is It? How Can We Stop a Bank Panic? What Comes Next?
Liz Hoffman, author of ‘Crash Landing,’ joins to talk the fallout from Silicon Valley Bank’s collapse
www.theringer.com
Silicon Valley Bank staff handed up to £20m in bonuses
The British arm of Silicon Valley Bank has paid staff up to £20m in bonuses after it was bought by HSBC in a rescue deal.
ca.yahoo.com
Interesting
PBS: Federal Reserve lent $300 billion in emergency funds to banks in the past week
“The Fed did not identify the banks that received the other half of the funding.”
www.pbs.org
“The Fed did not identify the banks that received the other half of the funding.”
Federal Reserve lent $300 billion in emergency funds to banks in the past week
Nearly half the money — $143 billion — went to holding companies for the two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets.
www.pbs.org
Food for thought
Was spoken about from in the past that banks needed to be Basel III and ISO 20022 compliant.
Not sure if these banks you will see failing didn't want to comply or just didn't have the infrastructure to meet standards. Think there are a few thousand banks that will be in the same boat as SVB and Signature.
Was explained last year, to come to fruition last month. They were a little off but here now none the less.
ISO 20022: Changes on the final stretch – Deutsche Bank
In November 2022, the Eurosystem, EBA Clearing, and SWIFT will migrate to the new, global payment messaging standard ISO 20022. With just seven months to go, flow explores the challengesflow.db.com
Tomorrow is the 20th, the deadline for ISO20220 compliance.
BNP is the parent company of the bank i worked for all of last year....(Bank Of The West).
i think the writing was on the wall for me..........i worked for 3 banks these past 3 years....(Wells Fargo, MUFG, and Bank Of The West).
Had a possible job with SVB the day before the crash. I went ahead and accepted a position with Blue Cross Blue Shield last week....
this shit is for the birds.....
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