Silicon Valley Bank

[Jimmy Hoffa]

Published March 11, 2023 2:56pm EST

Home Depot co-founder torches ‘woke’ Silicon Valley Bank collapse, warns recession may be here already

Banks are more concerned with 'global warming' than shareholder returns, Bernie Marcus argued

"I think that the system, that the administration has pushed many of these banks into [being] more concerned about global warming than they do about shareholder return. And these banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is, shareholder returns," Marcus continued.

"Instead of protecting the shareholders and their employees, they are more concerned about the social policies. And I think it's probably a badly run bank. They've been there for a lot of years. It's pathetic that so many people lost money that won't get it back."

[FISHHEAD]

3 hours ago, Jimmy Hoffa said:

Published March 11, 2023 2:56pm EST

Home Depot co-founder torches ‘woke’ Silicon Valley Bank collapse, warns recession may be here already

Banks are more concerned with 'global warming' than shareholder returns, Bernie Marcus argued

"I think that the system, that the administration has pushed many of these banks into [being] more concerned about global warming than they do about shareholder return. And these banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is, shareholder returns," Marcus continued.

"Instead of protecting the shareholders and their employees, they are more concerned about the social policies. And I think it's probably a badly run bank. They've been there for a lot of years. It's pathetic that so many people lost money that won't get it back."

✔️

[mikeman]

And the suckers in congress will still bail them out.

[D-Hustle]

On 3/10/2023 at 5:00 PM, KingKolzig said:

joeybagoffentanyl likely hit hard here 

wow

[HinesWard86]

12 hours ago, mikeman said:

Not surprising since they knew the bad earnings report(that started the chain reaction) was coming. 

If you take the 2008 banking implosions as a template, what will happen is on monday it will be announced that some large investment bank(like JP morgan) has acquired all of SVB's assets and everyone's accounts are whole, with the fed providing support to JP morgan if needed.

The problem is if this spreads to several other huge banks who made the same failed bets on treasuries like SVB did.

Interesting to see the report that hedge funds are already lining up to buy SVB's customers accounts for 60-70 cents on the dollar 

[mikeman]

[mikeman]

[mikeman]

[HinesWard86]

 

 

 

[mikeman]

Endless money for Ukraine, bailing out rich green co's to the tune of $200 billion(but only because this is a special circumstance),   the middle class people of palestine ohio get nothing.

[Jimmy Hoffa]

If this bank gets bailed out it wouldn't do much to discourage other banks of future bad behavior.

That's kind of what rules and associated penalties for violations are supposed to do.

 

[mikeman]

They're making it up as they go along, bailing out all depositors of SVB means they have to do it for others, the reason there is a limit of $250K per account is because there's limited money available. The FDIC doesn't have $200 billion to bail them all out, so where will they get the money? The answer is they'll create it out of thin air, which means more inflation.

[mikeman]

[KingKolzig]

2 hours ago, mikeman said:

Endless money for Ukraine, bailing out rich green co's to the tune of $200 billion(but only because this is a special circumstance),   the middle class people of palestine ohio get nothing.

not posting here much for certain soon. but these are ppl polled says 40% or something would flee to another country instead of fight even if the USA was invaded

 

 

[sleepy]

We all knew they were getting bailed out

 

[KingKolzig]

have to bail out arshun who used his $200k student loans for his start-up

 

also middleclass joe needs to forgive his loans too 

[mikeman]

8 minutes ago, sleepy said:

We all knew they were getting bailed out

 

Where are they going to get the money?

[Bigrunner]

23 hours ago, Jimmy Hoffa said:

Published March 11, 2023 2:56pm EST

Home Depot co-founder torches ‘woke’ Silicon Valley Bank collapse, warns recession may be here already

Banks are more concerned with 'global warming' than shareholder returns, Bernie Marcus argued

"I think that the system, that the administration has pushed many of these banks into [being] more concerned about global warming than they do about shareholder return. And these banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is, shareholder returns," Marcus continued.

"Instead of protecting the shareholders and their employees, they are more concerned about the social policies. And I think it's probably a badly run bank. They've been there for a lot of years. It's pathetic that so many people lost money that won't get it back."

Warning signs. Republicons rolled back bank regulations.  Silicon Valley Bank collapses. 

Trump gutted and reversed pandemic guide lines from the Obama administration.  Shortly thereafter 1.1 million Americans die from the covid pandemic.  Warning sign were there that Republicons didn't care about. 

And then there's the thousands of train derailment after Republicons rollbacked safety regulations on the railroad industry.  Warning signs were there but the Republicons didn't care putting profits over life. 

And a ultra MAGA retard is blaming  the woke?

[sleepy]

4 minutes ago, Bigrunner said:

Warning signs. Republicons rolled back bank regulations.  Silicon Valley Bank collapses. 

Trump gutted and reversed pandemic guide lines from the Obama administration.  Shortly thereafter 1.1 million Americans die from the covid pandemic.  Warning sign were there that Republicons didn't care about. 

And then there's the thousands of train derailment after Republicons rollbacked safety regulations on the railroad industry.  Warning signs were there but the Republicons didn't care putting profits over life. 

And a ultra MAGA retard is blaming  the woke?

If what Trump did was so horrible you would have thought the Biden administration could have fixed it within the 27 months they have been in power?

[ERBtheGREAT]

Down goes signature bank.

[Jimmy Hoffa]

2 minutes ago, ERBtheGREAT said:

Down goes signature bank.

Primarily a business or consumer bank ERB?

If this spreads to the consumer sector look out...

[sleepy]

I thought the Biden voters hated the wealthy?

Wouldn't you think banks failing and rich people getting destroyed would be just what they wanted?

Everything is a lie when it comes democrats.

[KingKolzig]

16 minutes ago, mikeman said:

Where are they going to get the money?

did you see bidens tax proposal

 

will be plenty of money just wont be worth anything 

[IAG]

On 3/10/2023 at 8:37 AM, KingKolzig said:

biden is introducing a bill to tax realized gains on stocks

 

so if you have a 1000 worth of a stock. and it is now 1100 after a year. you pay tax on that 100 even if you dont sell it

then year 2 another tax

year 3 another tax

 

then if the stock plummets in year 4 you already paid the taxes on realized gains. whoops sorry about that 

I think you mean unrealized gains.  Realized gains are already taxed.  In any case, looks like the bill  only applies to households with $100 million, so we are all safe. 

[IAG]

On 3/10/2023 at 10:50 AM, Jimmy Hoffa said:

I hope Samuel Bankman-Fried's parents have their money in that bank.

Bail revoked!!!

+1