silicon valley bank

You are aware that oil is bought and sold world wide, correct? If so then should have no problem understanding that a reduction in supply in one place is going to affect the price of that commodity in every place?

 

Yes. Like the policy of lobbying to repeal Dodd-Frank.

 

We haven't reduced production. We are at almost all time high, and now they just approved a massive drilling project in Alaska.

 

Barney denied that the change had anything to do with the failures. The article I posted a link to says, in effect, that SVB was poorly run. They went beyond not following the standard practice of diversification. They dealt in a single industry and refused to extend loans to people who did business with other banks. Those were their policies before and after the threshold changed. According to Barney Frank, there was very little difference in regulation before vs after the change. No one flagged the poor policies in the 8 years before the change.

Why Democrats hate Trump? He didn't start a single war. Democrats make alot of money on wars. They started WWI, WWII, the Korean War, and the Vietnam War. James Biden made a killing in the aftermath of the Iraq War, a War that Joe Biden championed.

 

We are short nearly 2000 barrels a day. From the pre pandemic peak and almost all of that gain as I have pointed out before is from tertiary production wells that are very price sensitive.

 

So, we about 1% from all time highs. That pretty much proves my point.

 

No problem.

Ill wait for somebody to provide me an explanation of how Dodd Frank would have prevented these bank closures, specifically the de-regulated portions from Trumps administration.

 

More like the Democrat policy of placing unqualified ESG hires in positions that give them the power to cause bank failures, cause airplane near misses and derail trains.

8 years of original Dodd-Frank didn't fix the lack of diversification that the ESG hires presided over. In balancing blind hatred vs the opinion of an author of Dodd-Frank, you should try giving Barney Frank's opinion more weight than you give a worthless emotion

 

So last I checked 2000 over 11600, is a bit more the 1%. Note that is a daily not a yearly total.

 

Check the daily mail article on the board of directors. It may answer your question.
https://www.dailymail.co.uk/news/ar...SVBs-board-experience-investment-banking.html

 

US produces more oil than any other country in the world, but lets pretend its not true. Happy?

 

frank was in a great position in 2009 to figure out how to pull such an inside job in a bank. given the immense ratio of reward to almost insignificant chance of punishment, why wouldn't he rob a bank?

 

This feels homophobic. You obviously are anti LGBTQ.

 

Well paying multibillions in taxes to personally bail out banks three times must be rough.

 

"**** your feels"

 

We produce 11600 barrels a day currently which is indeed more than anyone else. Which does not change that in 2019 we produce nearly 2000 barrels a day more.

 

Rs hitting me where it hurts the most. Thanks.

First they authorized $600/wk covid payments for Lottie, Dottie and Everybody.
Simultaneously, they authorized a sweet sweet slush fund of business loans with very relaxed payback requirements as well as qualifications to score the goodies.
Gee, what could have caused this inflation!?

This SVB bank failure, the cheery on top comes, what, about 5 years in the making after their repeal of stress test requirements for tbtf banks.
And, just in case anyone isn't paying attention, the "left" is toeing the R corporate line yet again.
Thanks DC!
I will die in my cubicle, and I'm one of the "lucky" ones!

And the Rs are so bemused by culture wars that they still support Donald Trump.
The very definition of tbtf....

The ticker symbol for the company was DJT.


It didn’t take long for Donald John Trump to betray his shareholders, acting in ways that benefitted himself but harmed the larger business. Trump Hotels and Casino Resorts started with just one Atlantic City casino, but Trump personally held another two outside of the firm. Less than a year after taking the company public, he used it to buy one of his two other casinos, the debt-burdened Taj Mahal, in a deal that valued his stake at $40.5 million. The transaction improved Trump’s personal balance sheet, but the company suddenly had a disastrous amount of debt. As part of the agreement, Trump also collected $51 million of cash and $11 million of stock, in exchange for land that he had previously rented to the company for about 5% of that price annually. A couple of months later, Trump Hotels and Casino Resorts announced that it was going to pony up roughly another $500 million for Trump’s third Atlantic City casino. At the time, one analyst estimated that the property was worth more like $400 million, suggesting Trump was essentially robbing the public company of $100 million. Investors smelled a rotten deal, and shares plummeted 37% within days.

Biden v Trump and we are f'd....

 

About 1% more. Lets pretend that's a big deal. Happy?

 

Dodd-Frank, the regulations that allow banks to seize deposits and use them to bail themselves out. Such a compassionate way to dealing with the problem - steal form the workers and small businesses and pensioners. The perfect Democrat scheme to line their pockets after overturning Glass Steagall. Republicans are useless idiots, but they are lining their pockets, too.

Meanwhile the 5 largest banks are sitting on $188 trillion in derivatives, the effect of Clinton's overturning of Glass-Steagall. What does Dodd-Frank do about that, other than protecting the banking sector from the people?

 

They think that blaming others is the same as implementing a solution.

Who Killed Silicon Valley Bank?

'Was there regulatory failure? Perhaps. SVB was regulated like a bank but looked more like a money-market fund. Then there’s this: In its proxy statement, SVB notes that besides 91% of their board being independent and 45% women, they also have “1 Black,” “1 LGBTQ+” and “2 Veterans.” I’m not saying 12 white men would have avoided this mess, but the company may have been distracted by diversity demands.'

'Management screwed up interest rates, underestimated customer withdrawals, hired the wrong people, and failed to sell equity. You’re really only allowed one mistake; more proved fatal. Was management hubristic, delusional or incompetent? Sometimes there’s no difference.'

'Get woke, go broke.'

 

'Biden Administration Bailing Out the bank while they gave East Palestine the finger.'

The Tweet That Captures the Backlash That Could Come From Bailing Out Silicon Valley Bank

 

The government gives them a loan at nearly 0% and the same government lets them buy bonds with a yield far in excess of that rate. It's free money, why wouldn't they take it, despite the risks? If anything goes properly south they'll just be bailed out.

The 2020s look more and more like the 1970s with each passing day. We need a Volcker to restore monetary sanity.

 

Until September of last year, the only qualification for a seat on the board of SVB was being a top Democrat donor. Should we allow Biden to raid the treasury again for his own interests?

 

I'm hoping that the House steps in and exerts their power over who gets to draw money from the treasury.

 

Who is this Peter Thiel guy?? He seems to have played a role..:

Thiel’s Founders Fund Withdrew Millions From Silicon Valley Bank
Peter Thiel’s Founders Fund Advises Companies to Withdraw Money From SVB
SVB collapse: Peter Thiel’s role scrutinized as spark of bank run