silicon valley bank

Discussion in 'Political Opinions & Beliefs' started by Rampart, Mar 13, 2023.

  1. Rampart

    Rampart Banned

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    a "woke" failure or the predictable result of deregulation ???????

    [​IMG]
     
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  2. Just A Man

    Just A Man Well-Known Member

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    Banks fail due to their own policies. We should not make it political. Depositors are covered up to $250,000 by the FDIC (our government). The only way a depositor loses is if they have over $250,000 in the bank or a bank is not FDIC insured. Or our government fails. I expect to see another bank take over the failed SVB. Relax folks.
     
  3. Rampart

    Rampart Banned

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    banks are allowed to fail "due to their own policies" due to regulation or lack of . the fdic covers up to $250,000 which is why i use several banks, a credit union and 2 savings and loans.

    "or our government fails." is a distinct possibility if the debt ceiling is not adjusted or a few $T coins are not minted.
     
  4. Wild Bill Kelsoe

    Wild Bill Kelsoe Well-Known Member

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    What deregulation? Was there a regulation that prohibited banks from investing in bonds instead of treasuries?
     
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  5. Wild Bill Kelsoe

    Wild Bill Kelsoe Well-Known Member

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    Biden promises to cover all deposits, even those above $250,000.
     
  6. Rampart

    Rampart Banned

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    read dodd frank if you want to disciss this. i am currently of the opinion that you are not a serious poster, but trump, in 2018 lifted the liquidity requirement for "community banks" under $250B.
     
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  7. Rampart

    Rampart Banned

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    then we taxpayers are paying the freight for everyone too stupid to diversify their assets. let us see what finally passes, but if the big depositors are bailed out we (i know we can count on all of you "populists" to join us) may have to go back on the street as "occupy 2.0."
     
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  8. Wild Bill Kelsoe

    Wild Bill Kelsoe Well-Known Member

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    You made the claim, with a meme, from Democrat Underground...lol...you back up your claim.

    SVB was liquid, for the whole $175,000,000 in deposits. It just couldn't liquidate the bonds fast enough to make the withdrawals. No bank can combat a run, if the run happens fast enough.

    At the end of 2022, the FDIC had a balance of $128,000,000. SVB has $175,000,000 in deposits. How is this NOT supposed to cost the taxpayers anything?
     
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  9. Wild Bill Kelsoe

    Wild Bill Kelsoe Well-Known Member

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    Why should anyone diversify if the government is going to cover every deposit?...lol
     
    Last edited: Mar 13, 2023
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  10. JohnHamilton

    JohnHamilton Well-Known Member

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    I wonder if Biden would do the same thing for a bank that was not tied to the Democrat friendly high tech industry?
     
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  11. Rampart

    Rampart Banned

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    REGULATION and enforcement.
     
  12. mitchscove

    mitchscove Well-Known Member Donor

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    Trump had nothing to do with banks getting stuck with expensive bonds while the Biden regime spent $1.9T causing massive interest rate increases that tanked bond value. There are 1.9 trillion reasons why we have suffered through monster inflation and why the banks couldn't make payments without losing money selling bonds cheaper than what they paid for them. There are 1.9 Trillion reasons why SVB had to borrow money last week and not one of them was Trump.

    More likely the banks that tanked were victimized by unqualified ESG hires. Word has it that SVB was being run by people whose qualifications were totally about skin color and sexual preference as opposed to competence.
     
    Last edited: Mar 13, 2023
  13. Wild Bill Kelsoe

    Wild Bill Kelsoe Well-Known Member

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    What about it? Are you saying bank regulators didn't know SVB both the bonds?
     
  14. Just A Man

    Just A Man Well-Known Member

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    The MSM is trying to scare people. It's what they do to hype a story. I heard one journalist on the radio trying to blame Trump. A bank failure doesn't mean a bank doesn't even have a single dollar. No depositor in SVB will lose their money. The bank did practice some stupid practices. Most large banks have what is called a "Risk Manager". SVB dropped the ball. When interest rates are high you buy long term bonds, because interest rates will soon come down. When interest rates are low you invest in short term bonds, because interest rates will soon go up. It ain't rocket science, it's called cycles.
     
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  15. mitchscove

    mitchscove Well-Known Member Donor

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    Whose financial crisis?
    UD No. 99-131, July 29, 1999

    CUOMO ANNOUNCES ACTION TO PROVIDE $2.4 TRILLION IN MORTGAGES FOR AFFORDABLE HOUSING FOR 28.1 MILLION FAMILIES

    WASHINGTON - Housing and Urban Development Secretary Andrew Cuomo today announced a policy to require the nation's two largest housing finance companies to buy $2.4 trillion in mortgages over the next 10 years to provide affordable housing for about 28.1 million low- and moderate-income families.

    Cuomo said the historic action by HUD raises the required percentage of mortgage loans for low- and moderate-income families that finance companies Fannie Mae and Freddie Mac must buy from the current 42 percent of their total purchases to a new high of 50 percent - a 19 percent increase - in the year 2001. The percentage will first increase to 48 percent in 2000.

    https://archives.hud.gov/news/1999/pr99-131.html

    If Cuomo's culpability in the financial crisis hadn't been covered up by Democrats, he wouldn't have had the power to kill nursing home inmates with the Obama-Biden-Fauci flu.
     
    Last edited: Mar 13, 2023
  16. Wild Bill Kelsoe

    Wild Bill Kelsoe Well-Known Member

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    SVB got in a bind because of the interest rate hikes.
     
  17. nopartisanbull

    nopartisanbull Well-Known Member

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    “Don’t put your eggs in one basket” means;

    Don’t deposit your money in a bank that caters to one industry.
     
    Last edited: Mar 13, 2023
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  18. nopartisanbull

    nopartisanbull Well-Known Member

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    even those above $250,000????
     
  19. mitchscove

    mitchscove Well-Known Member Donor

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    Those will be silenced by the media. As good as covered with no bailout from taxpayers. It's not a huge number.
     
  20. Rampart

    Rampart Banned

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    why do you think these silicon valley millionaires are "democrat friendly? most lean to the right and many are outright libertarians of the ayn rand mental disease.

    maybe "conservatives" think that anyone that smart must be a democrat?
     
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  21. mitchscove

    mitchscove Well-Known Member Donor

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    2 reasons. First, artificially low interest rates --- high bond prices. Second, artificially high interest rates ---low bond prices. In summary, yet another government caused crisis.

    The fed is supposed to stabilize the economy. In fact, they combined with a spending orgy to destabilize the economy.
     
    Last edited: Mar 13, 2023
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  22. JohnHamilton

    JohnHamilton Well-Known Member

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    How do you know that? The tech companies have been famous for banning conservative speech. It’s no stretch to view these guys as having the same political views. Is the Silicon Valley House of Representatives person a Republican? I doubt it.
     
  23. Wild Bill Kelsoe

    Wild Bill Kelsoe Well-Known Member

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    That's what Creepy Joe said.
     
  24. Just A Man

    Just A Man Well-Known Member

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    The failure wasn't the banking regulations, or lack of, by any political party or any president. If it was a lot of banks would fail. Banks fail because of poor internal monetary policy -- in some cases, gambling that lost.
     
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  25. FAW

    FAW Well-Known Member Past Donor

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    While I know nothing about the details surrounding this particular bank collapse, I have noticed that Democrats have made mention of Trump cutting regulations several times, but they never seem to give the specific regulation that he cut that led to this.

    I suspect if there were a regulation that he cut that caused this, they would be providing every detail imaginable and shouting it from every mountaintop. Instead they use vague innuendo. They did the exact same thing with the Ohio train derailment.
     
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