I have ONE question after reading the garbage you posted above....how many genders are there?
Bank failures pointing to a recession?
- Thread starter Gator Fever
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I have referred to it as a woke bank...several times actually.
As for the rest, WGAS.
Seems like yo umay have a little crush on Bama? I mean...it IS how you lefties are! (I know why because lefty women are FUGLY as hell)
Every exchange immediately turns personal with him. @BSC911 does the same thing.
It's their way to change the topic off a discussion of how corrupt the left is. Sadly, posters here fall for it every time, which is why they keep doing it.
I was heartily laughing at, and responding to, the "respect my wishes" portion of your post.
His post, that you responded to, was a response to me. But it's different if I respond to your post responding to him???
Your rules are confusing. Some might say they're also retarded.
I believe I've explained it to him but can't understand it for him.
This. Like clockwork.
James Clyburn says this was not a bailout. He says 2008 was a bailout of the banks, but this time was a protection of depositors, even over insurance limits, but not a bailout.
Regulators close crypto-focused Signature Bank, citing systemic risk
U.S. regulators on Sunday shut down New York-based Signature Bank in a bid to prevent the spreading banking crisis.www.cnbc.com
Here we go. I guess they are saying depositers will be bailed out now fearing more bank runs.
So if 2 boats have leaks with water coming in, and water is being pumped out of both, only one will be called a bailout just depending on type of boat.
Ridiculous, it's a bailout.
You PASSED the test!! VERY proud of you!! You did WELL on your test!
I was more questioning WHY he had a man crush on you...but then remembered that their women (the real ones) do not win any beauty contests(this is being VERY kind)
You've got the bar set so low, it must be resting on the ground.
He told Cavuto that before he entered politics, he was a board member of a SC bank and that he knew quite a bit about the banking industry. Cavuto didn't seem impressed.
There's an old saying. That's so low you could sit on a nickel and swing your legs. 😂
Just look at the makeup of the SVB board. Just ONE person with investment banking experience. Any guess what the priorities were. But only an idiot would discount the experience factor. Know any?
Only ONE member of failed SVB's board had experience in banking
Tom King, 63, was the only member of Silicon Valley's board of directors with experience in the financial industry, while the others include a former Obama employee and a major Hillary Clinton donor.
Why don't you ask him who's buried in Grant's tomb. But be kind and allow a second guess.
We know why. And the results show what wokeness gets you.Just look at the makeup of the SVB board. Just ONE person with investment banking experience. Any guess what the priorities were. But only an idiot would discount the experience factor. Know any?
Only ONE member of failed SVB's board had experience in banking
Tom King, 63, was the only member of Silicon Valley's board of directors with experience in the financial industry, while the others include a former Obama employee and a major Hillary Clinton donor.www.dailymail.co.uk
Bank of America c
will not do business with anyone selling "military style assault weapons. "
Amalgamated Bank Will not do business with firearms manufacturers or sellers.
PayPal will not allow its services to be used to purchase firearms, ammunition or firearm parts.
This whole administration is woke and as Larry Kudlow writes:
Three days before Silicon Valley Bank collapsed, Treasury Secretary Janet Yellen cautioned that climate change puts the banking industry at risk. Yellen was in la-la land, speculating that future storms and tornadoes could diminish the value of banks' assets.
Weather is a risk, but she was oblivious to the much more immediate problem facing banks -- the plummeting value of the bonds they own. She was heedless to the impending downfall of SVB and possibly several other small banks that had purchased long-term bonds when interest rates were near zero.
Weather is a risk, but she was oblivious to the much more immediate problem facing banks -- the plummeting value of the bonds they own. She was heedless to the impending downfall of SVB and possibly several other small banks that had purchased long-term bonds when interest rates were near zero.
And for KalimGoodman, a woke bank is when their primary focus or emphasis is on diversity, equity and inclusion and NOT on sound financial decision making. And if you were an honest broker, you would look at SVB in that light.
Kalim is stubbornly sticking to the restricted earliest definition of woke...which is based only on race.
Obviously our language is living and the definition of woke has broadened...but kalim wishes to claim his vocabulary win anyway.
So is FDIC insurance a "bailout"?
Its not "just depending on the type of boat"...that statement is what's ridiculous
And the trump administration removing regulations on small & midsized banks was what?
Awareness of the problem?
Quoting Kudlow? 🤣
Kudlow is still busy pushing the lie that SVB donated $73 million to BLM (They donated ZERO)
Kudlow was in favor of deregulation because they posed no systemic risk...was he "oblivious" too?
Primary focus?
When did buying treasury & mortgage bonds signal a emphasis on DEI?
By your own admission the investment portfolio had an obvious problem...the declining value of their bonds
What's the link to "woke" policies?
I could name hundreds...thousands of successful companies that make donations to "woke" efforts
Does that mean their "woke" policies are the primary reason for their success?
Are you saying that that investment managers were too busy to notice because they donated money to groups you don't agree with?
If you are then you have no clue how a bank or any business operates...the nature of their charitable donation decisions HAVE ABSOLUTELY NO CONSEQUENCE on decisions made about the investment portfolio
If you were "an honest broker" you would admit that fact
Just look at the makeup of the SVB board. Just ONE person with investment banking experience. Any guess what the priorities were. But only an idiot would discount the experience factor. Know any?
Only ONE member of failed SVB's board had experience in banking
Tom King, 63, was the only member of Silicon Valley's board of directors with experience in the financial industry, while the others include a former Obama employee and a major Hillary Clinton donor.
For comparison purposes...
Question: What major bank is this?
11 board members
4 women
1 black
Donates to "woke" causes & organizations
Answer: JP Morgan Chase - the largest American bank in the world
They have 2 investment bankers on their board
Sounds like a over 15 times larger than SVB basically has the same amount of experience
Are they idiots too?
That article was crap.Just look at the makeup of the SVB board. Just ONE person with investment banking experience. Any guess what the priorities were. But only an idiot would discount the experience factor. Know any?
Only ONE member of failed SVB's board had experience in banking
Tom King, 63, was the only member of Silicon Valley's board of directors with experience in the financial industry, while the others include a former Obama employee and a major Hillary Clinton donor.
If you dig thru it the bullshit, sure, one investment banker.
Two venture capital people.
One government finance bureaucrat.
That's hardly unqualified.
They aren't the first bank to have a two experts and a bunch of rich people on their board.
It has NOT. Republican politicians are using it as a "boogeyman" because it scares people like you. It's not a coincidence that they all said it at the same time after never saying it before.
It's sad that you LET them. You guys claim to be independent thinkers and you guys make fun of followers, yet you guys do the exact same thing. I'm calling you guys out on that aspect.
Just never claim to be an independent thinker or make fun of others in that regard IMO.
They sure proved their qualifications, didn't they? Did they miss the interest rates being jacked up by the Fed every month for a year as they were giving another seminar on diversity and equity? Did those qualified bozos think interest rates were going to stay at zero as Biden fueled inflation with ridiculous spending? You can poo poo the article and call it BS but what you don't have on your side are the actual results. Gee, I'd hate to see what would have happened if that bank were run by unqualified people.
PS
Just a coincidence?
Filings with the SEC reviewed by the Journal show that 11 days before SVB went into receivership, CEO Gregory Becker sold more than $3.5 million in stock in the bank. The same day, the bank's CFO Daniel Beck sold more than $575,000 worth of shares
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Answer your own question...
Are you claiming they missed on interest rates because they were busy giving seminars on DEI?
Its such a stupid premise its comical
Remind us again who's been responsible for EVERY financial crisis in America EVER besides white men?
That damn DEI must has been lurking around since before the Great Depression
Are you claiming they missed on interest rates because they were busy giving seminars on DEI?
Its such a stupid premise its comical
Remind us again who's been responsible for EVERY financial crisis in America EVER besides white men?
That damn DEI must has been lurking around since before the Great Depression
Yellen is a dunce. So the big chill in Los Angeles County froze all of SVB's assets? 😂
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Still avoiding how charitable donations took down SVB?
We'll give you more time to be an honest broker
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Just look at the makeup of the SVB board. Just ONE person with investment banking experience. Any guess what the priorities were. But only an idiot would discount the experience factor. Know any?
Only ONE member of failed SVB's board had experience in banking
Tom King, 63, was the only member of Silicon Valley's board of directors with experience in the financial industry, while the others include a former Obama employee and a major Hillary Clinton donor.
Kevin O'Leary Slams 'Idiot Manager' of Silicon Valley Bank, Says We Should Have Let it Fail (VIDEO)
www.thegatewaypundit.com
Kevin O’Leary of Shark Tank appeared on FOX News this week and was asked his opinion on the Silicon Valley Bank meltdown and the response to it.
He did not hold back.
O’Leary slammed the bank itself, calling the manager an idiot. He also criticized the government response, suggesting that more banks will now make dumb decisions based on the belief that the government will rescue them.
Silicon Valley Bank wasn’t allowed to fail for a very simple reason. Democrats cared about it.
https://widget.adcovery.com/wc/3600/13529/15977/15977,15969,15975.html
They sure did but that wasn't the problem.
As friggin Ray pointed out, HP Morgan only has 2 investment bankers.
Inflation is good for banks. It's when the fed steps in to correct that the problem starts.
Banks take in money from depositors and then lend and invest it. But the rate you and me get is not what they charge the idiot with a 550 credit score for a loan and certainly not the return they get from the things they invest in. All s bank has to do is get a little Vegas with loans or investment to get in trouble.
This was a bank in silicon valley in California. It's all highly educated tech hippies.
If I wanted California tech hippies to invest in my bank, I'd put minorities and alphabet community folks on my board and big colorful advertising of all the diversive and inclusive things my bank does for the community. Is it because I believe in any of that? Absolutely not, it's because the community is a majority of people who love that horseshit and I want their money.
Sweet Aunt Sally do you have this as a macro or something
You do see that. All the time. What happens normally is not a damn thing.
Every single one of the board members was rich and every single one of them was heavily invested in the bank. Take the name of anyone on that list and Google the their name plus insider trading and it will tell you how heavily invested they were in sub by share and dollar value.
They went bust by for the same reason all banks go bust, making risky investments designed to make their investors, in this case themselves as much money as possible. Did they make some mistakes? Clearly. But these banks do that all the time, and don't get caught because they cover. What caused the run was the depositors all wanted out at once and when that happens, any bank in high risk investments goes bust.
I'm perfectly willing to dump the blame on woke bullshit but this ain't the cause in this one case.
If you don't believe that the definition of the word woke has evolved...evolved since conservatives invented the word according to some people...then God bless you kalim.
The word woke neither scares me or bothers me. Some of the ridiculous ideas of people in this administration and across certain business and community leadership absolutely bothers me.
US Assistant Secretary for Health, "Rachel" Levine, promised that changing children's genders will soon be normalized. Yep...that one bothers me. I don't need anyone to try to use a word like woke to scare me about that screwed up goal.
Dr. Rachel Levine says changing kids' genders will soon be fully embraced: 'Wheels will turn on this'
U.S. Assistant Secretary for Health Rachel Levine promised that medically changing kids’ genders will soon be normalized as an invited speaker at a speaking engagement in Connecticut.
Spin this however you see fit. The word woke doesn't scare anyone. The freakish ideas behind it do.
