Silicon Valley Bank

[IVE GOTTA PACKAGE 4U]

No, we don't want irresponsible behavior. We all end up paying for it. By the way there are oversight regulations in place. Why was the SVB allowed to put themselves in this position?

The cycle of greed never ends.
Different story same ending

 

[Commercial Inside Release]

Thanks for the reminder...

Probably time to send off the last case of Deutsche Marks to be exchanged for Euros. Seems the bank insolvencies are spreading to beloved Germania. The very lengthy exchange period might be coming to an end, finally.

 

[vantexan]

No nation connected to us can be at equal value or greater than.

I have no idea what you're trying to get at.

 

[Over70irregs]

I have no idea what you're trying to get at.

All good will let it ride into the sunset.

 

[Over70irregs]

 

[100%]

As to be expected. Like how gas prices spike when a refinery explodes or pipeline breaks down. I don’t understand how anyone would expect the banking industry to be different.

Ever heard of the SEC? That’s why it’s suppose to be different. Banks are using customer funds to make risky bets. One of these days I’m gonna make you understand that there are rich vs poor not left vs right in this country. The rich are getting bailed out AGAIN by BIDEN.

 

[100%]

Lol we ARE the bailout.

Unfortunately you are correct.

 

[100%]

It’s pretty amazing what happens when regulation is relaxed. Whether it’s the Patriot Act letting loose the intelligence services or allowing banking to take increased risks. Predictable but still amazing.

Rich helping the rich?

 

[100%]

And when the next bank fails it too will be propped up. It won’t matter who’s money is there.

At what expense? No, not every bank CAN be propped up. Inflation….it’s still here, and that’s the problem. The interest rates will continue to go up so what’s gonna keep happening? Root problem is quantitative easing by Obama that never stopped. QE was doing nothing but funneling money to his rich buddies. The same crap that’s been going on our entire lives. You want every banked propped up so we have to print more money? More inflation? SILICON VALLEY got a bailout

 

[Up In Smoke]

At what expense? No, not every bank CAN be propped up. Inflation….it’s still here, and that’s the problem. The interest rates will continue to go up so what’s gonna keep happening? Root problem is quantitative easing by Obama that never stopped. QE was doing nothing but funneling money to his rich buddies. The same crap that’s been going on our entire lives. You want every banked propped up so we have to print more money? More inflation? SILICON VALLEY got a bailout

QE began in 2008 under President Bush and Ben Bernanke and became entrenched until last September.

 

[bbsam]

OMG.

This statement is so obtuse if not intellectually vacant.

Ever heard of Enron?

Ever heard of Central States Pension Fund.....the Teamsters? Making risky bets with customers(Us!) funds? You bet!(pun intended). BTW, CSPF(Teamsters) run by far, far left ideology. This is not debatable. BTW, CSPF bailed out by Biden(far left).

So, when you go round spouting there is no difference and there isn't a huge, deep divide in ideology in this country......that just has no relationship with reality or what's actually happening.

If you think normal people are going to keep accepting the communist/socialist/liberal/woke/BLM/trans-mutilation/Democrat(the left) agenda....I do not.

Are you saying SVB made risky investments?

 

[bbsam]

At what expense? No, not every bank CAN be propped up. Inflation….it’s still here, and that’s the problem. The interest rates will continue to go up so what’s gonna keep happening? Root problem is quantitative easing by Obama that never stopped. QE was doing nothing but funneling money to his rich buddies. The same crap that’s been going on our entire lives. You want every banked propped up so we have to print more money? More inflation? SILICON VALLEY got a bailout

You and I don’t have to like it but that’s how it is. Overall the thinking is that it’s good for the economy. And as long as we allow banks to get “too big to fail” it’s probably the right move.

And don’t kid yourself. A complete melting down of the American banking system will devastate you and me far more than the Musks and Buffets of the world.

 

[Up In Smoke]

OMG.

This statement is so obtuse if not intellectually vacant.

Ever heard of Enron?

Ever heard of Central States Pension Fund.....the Teamsters? Making risky bets with customers(Us!) funds? You bet!(pun intended). BTW, CSPF(Teamsters) run by far, far left ideology. This is not debatable. BTW, CSPF bailed out by Biden(far left).

So, when you go round spouting there is no difference and there isn't a huge, deep divide in ideology in this country......that just has no relationship with reality or what's actually happening.

If you think normal people are going to keep accepting the communist/socialist/liberal/woke/BLM/trans-mutilation/Democrat(the left) agenda....I do not.

The CSPF was and is run by trusties of both the union and the company. The fund was damaged by the deregulation of the trucking industry and the their removal from the Vegas gaming industry. The CSPF like all other pension funds are highly regulated and their prospectus is public knowledge. As a non-profit organization, the Teamsters file monthly and quarterly LM2 statements and these documents are again public knowledge.

 

[qdg2]

The CSPF was and is run by trusties of both the union and the company. The fund was damaged by the deregulation of the trucking industry and the their removal from the Vegas gaming industry. The CSPF like all other pension funds are highly regulated and their prospectus is public knowledge. As a non-profit organization, the Teamsters file monthly and quarterly LM2 statements and these documents are again public knowledge.

Ok.

Yet, risky investments(that accrued huge losses) were made. With public knowledge.

The fund was damaged by the Trustees. Period. With public knowledge.....in other words in bright, clear daylight.

All while being....."highly regulated".

So, what's your point? Exactly? Who are you supporting/defending?

Are you saying they "meant well"? "Tried"? And ....oh well.

 

[qdg2]

Are you saying SVB made risky investments?

They've said exactly so. Very woke. A proven disaster.

 

[Up In Smoke]

Ok.

Yet, risky investments(that accrued huge losses) were made. With public knowledge.

The fund was damaged by the Trustees. Period. With public knowledge.....in other words in bright, clear daylight.

All while being....."highly regulated".

So, what's your point? Exactly? Who are you supporting/defending?

Are you saying they "meant well"? "Tried"? And ....oh well.

What I'm saying is, while investments and promises were made, the landscape of the industry changed. Fewer and fewer companies made contributions as they were allowed to operate as non-union shops or just went out of business and the pension fund failed to make the necessary adjustments to maintain a healthy future. The government's ability to exterminate the Teamsters investments in Vegas damaged returns for decades. The Teamsters were targeted in the 80s and were successfully crippled beyond recovery.

 

[Up In Smoke]

They've said exactly so. Very woke. A proven disaster.

Dave Ramsey had a very well done piece on SVB.

 

[bbsam]

They've said exactly so. Very woke. A proven disaster.

Actually that’s misleading. The risky investments were in the long term treasury bonds which is generally a very conservative and low risk investment. Should they have seen inflation and a return to non zero interest rates? Probably.

 

[qdg2]

Actually that’s misleading. The risky investments were in the long term treasury bonds which is generally a very conservative and low risk investment. Should they have seen inflation and a return to non zero interest rates? Probably.

Misleading? Not at all. Reality.

What's misleading......the deflection of who is/was/are responsible. Their ideology.

 

[qdg2]

What I'm saying is, while investments and promises were made, the landscape of the industry changed. Fewer and fewer companies made contributions as they were allowed to operate as non-union shops or just went out of business and the pension fund failed to make the necessary adjustments to maintain a healthy future. The government's ability to exterminate the Teamsters investments in Vegas damaged returns for decades. The Teamsters were targeted in the 80s and were successfully crippled beyond recovery.

Truth is.....Teamsters invested heavily in their homies and corrupt ties. Some would say the mob.......akin to BA's and Union Presidents getting full pay while we are on strike......some would say. Or perhaps getting three different pensions for various seats on Boards or whatever.....

Yet, you continue to defend the Trustees....bizarre. Why?