SVB failing... Here's our chance

Discussion in 'BS Forum' started by Br4d, Mar 10, 2023.

  1. Br4d

    Br4d 2018 Weeb Ewbank Award

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    This isn't just about Silicon Valley at this point. There are banks in Texas and on the East Coast that are in trouble. Odds are there are banks all across the Midwest verging on this type of trouble.

    They say the big banks are ok but I have the feeling they are whistling past the graveyard on that one. I'm guessing Wells Fargo has been up to their usual hijinks and their balance sheet is like swiss cheese.
     
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  2. Jonathan_Vilma

    Jonathan_Vilma Well-Known Member

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    The problem with this industry as well as most and that certainly includes big pharma is that all of these fucking government regulators get promised board seats for eased regulations or looking past things and then make seven figures as soon as they retire from the government.

    The unraveling of society will forever be tied to human greed. It’s destiny.
     
  3. Br4d

    Br4d 2018 Weeb Ewbank Award

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    Life eats life. It's the way of the world.
     
  4. Acad23

    Acad23 Well-Known Member

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    But how's their ESG score?

     
  5. Jonathan_Vilma

    Jonathan_Vilma Well-Known Member

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    Regulators fault bro.
     
  6. Acad23

    Acad23 Well-Known Member

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    Whenever I get caught speeding I always blame the sign... :confused:
     
  7. Sundayjack

    Sundayjack pǝʇɔıppɐ ʎןןɐʇoʇ
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    Geezus, it’s like the Dunder Mifflin of banks.

    I’d generally bend over backward to excuse a company for the dopey things some Madison Avenue left-turn makes them do in the name of public appeal. But maybe there was.a deeper message when they were storyboarding the concept of an ethnic fruit salad running around waving white flags. .
     
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  8. Jonathan_Vilma

    Jonathan_Vilma Well-Known Member

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    13 years of low interest rates, two years of the fed pumping artificial money into the system, a zombie army of venture capitalists interested in dumping money into climate change small business and one big fat precedent that the government is here to save you (especially if you give us campaign money).

    These folks had an endless supply of money that they stopped counting it. Until they realized the gravy train was over, cashed their stocks out, gave bonuses and get to retire in Palm Springs.

    The big banks now get to consolidate power. A power mongers wet dream.
     
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  9. Jonathan_Vilma

    Jonathan_Vilma Well-Known Member

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    You didn’t even post the best parts of the company.

     
  10. Acad23

    Acad23 Well-Known Member

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    Best part was Barney Frank being on the Board.

    No more gravy for you Barney... ;)
     
  11. Acad23

    Acad23 Well-Known Member

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  12. Acad23

    Acad23 Well-Known Member

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  13. Acad23

    Acad23 Well-Known Member

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  14. joe

    joe Well-Known Member

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  15. Acad23

    Acad23 Well-Known Member

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  16. Satan

    Satan Well-Known Member

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  17. Br4d

    Br4d 2018 Weeb Ewbank Award

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    Credit Suisse apparently failing also. There's likely to be a merger with Credit Suisse bondholders getting dumped on in the process.

    This puts the lie to the notion that the banking crisis is rooted in American regulation and fiscal policy. Banks in China have been in trouble for more than a year now due to the commercial real estate market crashing there.

    The banking crisis is rooted in lax regulation worldwide and the reality that banks do not make good decisions when sorting out their financial obligations to customers vs the pressures that investors can apply.
     
  18. Acad23

    Acad23 Well-Known Member

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  19. abyzmul

    abyzmul R.J. MacReady, 21018 Funniest Member Award Winner

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    Can we posthumously name J. Edgar Hoover one of the most influential women in the history of US government?
     
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  20. Acad23

    Acad23 Well-Known Member

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