Silicon Valley Bank closes
- Thread starter Blasterbot
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Yinko
Well-known member
Oof. She is really not good at public speaking. Every time she tried to counter him she just confirmed what he had just said.
When you have been sheilded from critisism your entire life your skills get blunted.
Yellen has long been ridiculed for her speaking.
I think mainly because she is a short fat old crone that really can't speak clearly, probably because she can't inhale enough air cause she afraid she will shit herself due to the exertion.
Zyobot
Just a time-traveling robot stranded on Earth.
Executives at Silicon Valley Bank and First Republic Bank sold millions of stock right before the crash
First Republic Bank's chief credit officer sold shares of the bank on March 6, just two days before Silicon Valley Bank imploded.
Archived version here, for purposes of preservation.
prinCZess
Warrior, Writer, Performer, Perv
The fact Congress has just entirely ceded its spending authority to bureaucratic agencies and/or those agencies have usurped the role by using the apparently-magic words 'systemic risk' should see the Treasury Secretary, FDIC board, Federal Reserve chairmen, and congresspeople getting imprisoned and prosecuted.
The fact that massive upset to foundational principles of the US elicits little outrage--is expected even, and somewhat lauded--is just icing on the top of the shit-sandwich.
The fact that all our bullshit with bank bailouts and regulation and national policy thereof has still seen us in the last few decades repeating the pattern of 'mass panic, collapse, rebuilding' cycles every decade-ish that big national banking was supposed to prevent is just...grand irony, I suppose.
The only way this ends is if you put people like that in prisonExecutives at Silicon Valley Bank and First Republic Bank sold millions of stock right before the crash
First Republic Bank's chief credit officer sold shares of the bank on March 6, just two days before Silicon Valley Bank imploded.www.yahoo.com
Archived version here, for purposes of preservation.
Prince Ire
Section XIII
She's a professional economist, not a politician, major businessman, or senior military figure. I wouldn't expect her to have the dodging and weaving skills required for any of those jobs.
She has been a political appointment and has had an executive/directorial/advisory position in sensitive, high optics positions for decades.
If she does not have the ability to speak convincingly and answer questions in front of a group of people she does not have any business leading people or consulting politicians on public policy.
The fat old gugutka was apparently too busy to learn basic skills.
As to being professional, well, her money printing and pushing of outright partisan leftoid shit disqualifies her there, too.
Anyway, here is senator John Kennedy tearing into Bidonya's bailout, the stupidity of the bank and the incpompetence of the regulators:
Also, side note, thought this guy was a Democrat?
Not an expert but I’m hearing stuff like this from people I trust:
For all of the various reasons that have led us to this lethal juncture, central banks are now doing now the EXACT opposite of what they did in 2008. They are tightening into a burgeoning credit crisis.
Which means we have entered the most lethal financial crisis since 1930.
For all of the various reasons that have led us to this lethal juncture, central banks are now doing now the EXACT opposite of what they did in 2008. They are tightening into a burgeoning credit crisis.
Which means we have entered the most lethal financial crisis since 1930.
Simonbob
Well-known member
He's a swamp beast. D or R, no real difference.
A lot of this stuff is Swampies ragging on other Swampies for being incompetent at swamping. There was a lot of screwing up before SYB fell over, at multiple levels.
Zyobot
Just a time-traveling robot stranded on Earth.
Silicon Valley Bank collapse concerns founders of color
In the hours after some of Silicon Valley Bank’s biggest customers started pulling out their money, a WhatsApp group of startup founders who are immigrants of color ballooned to more than 1,000 members.
apnews.com
Translation: "Silicon Valley Bank collapses, minorities most affected!"
Add another reason why I think people are going turn hard on the wokies
Zyobot
Just a time-traveling robot stranded on Earth.
Clearly, governments aren't the only ones who take "Never let a good crisis go to waste!" seriously.
In fact, there are times where I wonder if activists who agitate for social justice in public rub their hands evilly in private, secretly rejoicing over their latest chance to "Transform society!" now that people are looking towards a solution to their latest problem. Really, it always amuses me how people always assume more government is the answer to everything, as well as how the majority of activists lean in that direction without ever investigating whether it's government that caused their woes in the first place.
Skallagrim
Well-known member
The activists are just useful monkeys that can be poked with a stick so they screech loudly.
The people really looking to transform society, of course, will certainly exploit every crisis. In fact, they'll readily cause or worsen crises, if they think it serves their purposes.
"You'll eat ze bugs and live in ze pod and you'll own nothing and you'll work like ze good drone you are until
How long do those people get to ride high on their power before the mob comes for them?
Vetrom
war
Based on other regimes that have long building internal pressures and eventual fallout, my guess is, funnily enough, about eighty years, based on the lifetime of the CCCP.
Shouldn't be any surprise that thats also an averageish lifespan, I'd think.
Typhonis
Well-known member
Silicon Valley Bank assets to be sold to First Citizens, FDIC says
So...SVB is to be sold to First Citizens bank. Very interesting.
So...SVB is to be sold to First Citizens bank. Very interesting.