silicon valley bank

The government is using a exception, or loophole in the FDIC law to bail out all depositors. The excuse is that allowing those depositors to take the hit would impose a greater impact on the economy than bailing them out. Investor Carl Icahn has it right in saying that the US economic system is breaking down due to failures of management and government.

Good economic policies are important at all times, good and bad. Government should be the prime example- instead, it's the worst.

 

Math isn't your strong suit is it? That's closer to 20% than it is 1%.

 

Since SBV didn't, care to offer an actual assessment then on how their risk management process failed?

 

As it happens when the 'greeness' of the deal is more important than whether or not said deal is economically viable bankruptcy is in your future.

 

Really?

No, my friend. 20% would be over 2 million barrels, but we are talking about 2000 barrels. LOL

 

Just curious. Are you suggesting that depositors aren't allowed to withdraw their funds from a bank? And when a really smart guy looks at their business practices and concludes they are too risky for them, is that illegal activity to move your fund elsewhere?

Are you even remotely worried that the SVB folks were unable to find any interest in their asset sale that caused this event in the first place?

 

Again we are talking daily totals not yearly totals if you want to make it a yearly shortfall multiply that 2000 by 365.

By the way how many more times do I have to say daily and provide daily total before you figure it out? We are currently producing 11,600 barrels a day that is 2000 barrels a day less than peak in 2019. That is a shortfall of somewhere around 14% a day.

 

You might want to check that daily number again if you think its 11.6K per day.

 

No just suggesting it's not a political issue (in context of OP). Lotsa moving parts in this failure that relate to greed, bad management decisions as well as greed (again), which is not partisan.

 

Nonsense, the ventures in question were risky and green. They were sided and abetted in this by an esg program that makes greeness more important than any financial considerations which, in turn, guarantees eventual bankruptcy.

 

ayn rand libertarians like thiel are "top democrat doners?" guess agaln.

i oppose any public funds being used on this project and any payout of billions from the fdic needs to include jail time for whoever is responsible.

when we take to the streets to oppose bail outs, will you join us this time or will you be cheering the bankers again?

 

Sure. It failed VERY badly.

 

Not going to be the last, and once the scare mounts the RUN will do the rest!!

More Banks Will Fail Like Silicon Valley Bank, Former FDIC Chair Predicts (newsweek.com)
BY THOMAS KIKA ON 3/12/23 AT 3:06 PM EDT

Are you prepared?

 

At least Old Joe learned something from Dubya's 2008 debacle.

 

Creepy Joe bailed out two banks and he's a hero?...lol

 

A slap on the face to anybody who thought that exonerating smaller banks from Dodd-Frank wouldn't affect the economy.

And yet another "I told you so" talking point for Progressives.

When will you ever learn?

 

OK, so how does that solve the current urgency ¯\_(ツ)_/¯

 

It was incompetence, not a lack of regulation.

 

It doesn't!!! It's too late for that. The time to avoid it was before you put Republicans in positions of power. It could solve (or avoid) FUTURE urgencies, if Republicans understood that culture wars are NOT going to solve any of the nation's problems. They would actually need to govern. And Republicans in Congress are not going to do that. And they don't when they have the Presidency either.

 

I hear they are warming up the printing presses as we speak

 

Sensible regulations remedy incompetence. Or at least limit the negative effects.

 

There is that binary thinking again My entire view on Government has been They all have and had a hand in our countries slide to mediocrity..

 

There's no way to regulate away incompetence.

 

Of course. Government bureaucrats have no place interfering in the free market. We get into trouble every time they interfere

 

GET WOKE
GO BROKE

OTHER PEOPLE’S MONEY: Silicon Valley Bank Pledged Nearly $74 Million To Black Lives Matter Causes. “Time after time we see the same pattern: companies that are the most concerned with ESG scores and woke politics do the worst jobs serving their customers.”

BUT THEY WERE VIRTUOUS!

'Silicon Valley Bank might have been able to make good on $74 million promised to customers had it not pledged the money to leftist causes.'

'SVB’s failure on the heels of its left-wing activism “is yet another indication that SVB was focused on woke virtue signaling instead of protecting their customers’ deposits.”'

IT'S IMPORTANT THAT DEPOSITERS EXAMINE THE INSTITUTIONS THEY TRUST IN ORDER TO MAKE SURE THEY DON'T HAVE PRIORITIES OTHER THAN PROTECTING YOUR

Congress does grant the Executive Branch more power than they seem to be able to use well. I think Congress does it to pass the buck.