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Bank regulators seize Silicon Valley Bank in largest bank failure since the Great Recession .... Wells Fargo ??

praetor said:




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Yeah, the FDIC insurers $250,000. Anyone above $250,000 need to make sure your bank institution is not playing games with your money. If FDIC was to ensure a the full amount of your account, you will have hell on earth with our financial institution, which is borderline that now. Some corporations was treating this bank like an offshore account. This is why I have a strong feeling there was a lot of money laundering going on with this bank.
 
Another thing not talked about yet is that Silicon Valley Bank backed a lot of PPP loans. The media focused on individuals who got PPP loans but a lot of Startups got them too. Here is an example:
projects.propublica.org

Search Results - Tracking PPP - ProPublica

As part of the Paycheck Protection Program, the federal government has provided hundreds of billions in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation caused by the coronavirus pandemic. Search more than 11...
projects.propublica.org
 
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^SpiderMan^ said:
If they were Black, they would be the face of the issue. Especially the CEO that sold shares 12 days ago.
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Yep, I seen stores about he sold shares weeks ago because he knew what was. This was insider trading at it’s finest. These stupid republican voters have the faith in people like this, and they get screwed at the end
 
Silicon Valley Bank has long been considered the lifeblood for tech startups, providing traditional banking services while funding projects and companies deemed too risky for traditional lenders. Billions of dollars in venture capital flow into and out of the bank’s coffers

As a lender, it doesn’t make sense to fund risky projects. Deals need to be cash flow or have adequate collateral. Most importantly the operators of the business must have adequate experience.

We leave those risky deals to angel, VC, or grant programs.
 
^SpiderMan^ said:
Another thing not talked about yet is that Silicon Valley Bank backed a lot of PPP loans. The media focused on individuals who got PPP loans but a lot of Startups got them too. Here is an example:
projects.propublica.org

Search Results - Tracking PPP - ProPublica

As part of the Paycheck Protection Program, the federal government has provided hundreds of billions in financial support to banks to make low-interest loans to companies and nonprofit organizations in response to the economic devastation caused by the coronavirus pandemic. Search more than 11...
projects.propublica.org
Click to expand...

If you were to label what PPP was, what would you call it? I call it white repetitions.
 
easy_b said:
The Democrats tried to put most of the stuff back, but the Republicans in the senate kept filibustering it.
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Which financial policies did he attempt to repeal but got filibustered? Can you link where he has stumped for a bad financial policy to be repealed?
 
I mean I feel for the people that get laid off..

but when it comes to saving these banks at

OUR EXPENSE...fuck dat

LET THEM HOES DIE!!

how many bailout and welfare they get at our expense,

only to continue to fuck us over with their bullshit interest rates for

average checking and savings accounts..

we need a WHOLE new banking system, one more like a credit union but

even MORE people friendly.....

its time for the banking system as we know it to die and go to hell where it belongs...
 
Mrfreddygoodbud said:
I mean I feel for the people that get laid off..

but when it comes to saving these banks at

OUR EXPENSE...fuck dat

LET THEM HOES DIE!!

how many bailout and welfare they get at our expense,

only to continue to fuck us over with their bullshit interest rates for

average checking and savings accounts..

we need a WHOLE new banking system, one more like a credit union but

even MORE people friendly.....

its time for the banking system as we know it to die and go to hell where it belongs...
Click to expand...


Yep, fuck a Bailout. I doubt they get one anyway. They aren’t “too big to fail” and the government has too much debt.
 
Non-StopJFK2TAB said:
If you were to label what PPP was, what would you call it? I call it white repetitions.
Click to expand...

I assume you mean White Reparations. I wouldn’t say that though because a lot of people caked off it. I’d say it was a “Panic Stimulus”.

Hindsight is 20/20 but when Covid first came out we were confronted with a deadly virus, people were scared, businesses closed, and people basically sheltered in place at home. Employees stayed at home but still expected to be paid. We did not know how long this would go on either. The Government printed excess money and provided stimulus to keep the economy going. Yes, it is easy to critique after the fact, but at the time we were on the brink of a Depression. I’m actually surprised we did not go into a Depression during Covid to be honest. Even though the measures taken saved our economy at the time, of course it would have an impact later.
 
Coldchi said:
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Same players same game different company :smh:
facepalm-really.gif

Politic Negro said:
Hopefully those firesticks work next month :lol:



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Markets going to be bloody on Monday
facepalm-crowd.gif
 
:lol: :lol: :lol:

I am enjoying watching this, even though my death threat count has increased substantially. I don't know why, I have no interest in staying long term in the U.S.

This is why I turned from entrepreneur to socialist/living off of taxing the rich. I have hit up Section 8 and other social welfare programs. You try to free market shit, you die now?
 
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News purposely broke on a Friday, and the weather is cloudy and gloomy in the Bay Area... Just be careful walking on sidewalks next to skyscrapers in San Francisco this weekend.
 

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