Breitbart Business Digest: Silicon Valley Bank Gets Shut Down
The sudden implosion of Silicon Valley Bank (SVB) is sending shock waves through the financial system and the technology sector.
www.breitbart.com
The consequences of “free” money….more to come..
- Thread starter Reasoned
- Start date
www.breitbart.com
You really are stupid! LOLOLOLOLOLOLOLOLOOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLLOLOLOLOLOLOLOLOLOLOLOLLOLOLOOOOOLOLOLOLOLOLOLOLOLOLOLOLOL Trumpskys gift to the regional banking industry . When he cut the safety net which protected the large banks from the small one.Breitbart Business Digest: Silicon Valley Bank Gets Shut Down
The sudden implosion of Silicon Valley Bank (SVB) is sending shock waves through the financial system and the technology sector.
Who would have thought that the one man in the US who banks feared the most ( 7 bankruptcies- with several more to go ) would be handed the keys to the industry he literally sodomized . Ask Letitia.
Read and weep if you’re a small bank investor . … and its all thanks DIRECTLY to the man you would support as nominee. Fox in the henhouse.
You really should stop listening to Tucker. He just said they were too “Woke” SERIOUSLY?!
How Trump’s Deregulation Sowed The Seeds For Silicon Valley Bank’s Demise
Every couple of years lenders and traders tell me that ‘this time, it will be different.’ Silicon Valley Bank-induced chaos shows that bank deregulation always ends in the same painful way.
www.forbes.com
Complete and utter nonsense. Congratulations, only you and your TDS infected minions could somehow make the case the Orangeman was somehow responsible for this. As one who has been in this industry for over 40 years I can state unequivocally a lack of regulation is certainly NOT a cause for a presumed weakening banking sector, perhaps a lack of competent regulatory oversight but more likely poor management at the bank level but not regulation for regulation’s sake. Hell, there were over 40 SAR’s filed by bankers following the “regulations” against Hunter’s suspicious activities, we saw what good that did in the politicized process.You really are stupid! LOLOLOLOLOLOLOLOLOOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLLOLOLOLOLOLOLOLOLOLOLOLLOLOLOOOOOLOLOLOLOLOLOLOLOLOLOLOLOL Trumpskys gift to the regional banking industry . When he cut the safety net which protected the large banks from the small one.
Who would have thought that the one man in the US who banks feared the most ( 7 bankruptcies- with several more to go ) would be handed the keys to the industry he literally sodomized . Ask Letitia.
Read and weep if you’re a small bank investor . … and its all thanks DIRECTLY to the man you would support as nominee. Fox in the henhouse.
You really should stop listening to Tucker. He just said they were too “Woke” SERIOUSLY?!
How Trump’s Deregulation Sowed The Seeds For Silicon Valley Bank’s Demise
Every couple of years lenders and traders tell me that ‘this time, it will be different.’ Silicon Valley Bank-induced chaos shows that bank deregulation always ends in the same painful way.
In summation, stick to what you know…..whatever that is.😏
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I’ll stick to what Forbes and WSJ know. They clearly think it’s bad policy. They should consult with you for sure.. as well as that banking genius who no US bank will loan money to ( unless secured by saudis)
Ill just ask for a show of hands… who amongst you would support Trumpsky or Kushner to run their financial institution or investment firm??
Should be an easy answer.
Seek professional help
This^^^^ happens under the watchful eyes of the Fed’s thousands of bank regulators…and thousands more analysts on Wall Street…that the “second biggest bank collapse in US history [SVB]...unfolded … without a single person issuing a peep of warning.
In a nutshell looking at the numbers, deposits at SVB went from $60 billion in 2019 to $189 billion in 2022. The IPO/SPAC/tech boom was good to SVP. But what does a bank do with all that depositor cash? What could it do? It bought bonds. And then, as interest rates rose, bonds fell.
Thomas Hogan, the former chief economist for the U.S. Senate Committee on Banking, Housing, and Urban Affairs, does not think these are legitimate criticisms against Trump.
“In fact, he says the opposite that it’s almost certainly true that the banks are more regulated, and that makes it more difficult for them to work."
He cited his study that was published in the Journal of Regulatory Economics, explaining that the landmark Dodd-Frank bill bolstered average annual payments by exorbitant amounts that made it costlier for banks to function and “therefore more likely to fail” since they took on more risk.
A key reason for the current problem is the mark-to-market regulations that identify the so-called fair value of a fluctuating asset or liability based on the current market price. “If banks are planning to hold these securities, then they’re really not actually in any danger of failing,” Hogan said. “But the regulation makes them look like they are at risk, which is what originally caused these threats.”
The shrinking money supply has also weighed on the banking system, says Steve Hanke, the professor of applied economics at John Hopkins University and senior fellow at the Independent Institute. “As I predicted, the Fed’s contraction of the money supply has created a banking bloodbath,” he tweeted.
Complete and utter manure bank management along with the FED's incompetence. I'll defer this summary to my good friend and expert in the field, Reasoned. 👍
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This^^^^ happens under the watchful eyes of the Fed’s thousands of bank regulators…and thousands more analysts on Wall Street…that the “second biggest bank collapse in US history [SVB]...unfolded … without a single person issuing a peep of warning.
In a nutshell looking at the numbers, deposits at SVB went from $60 billion in 2019 to $189 billion in 2022. The IPO/SPAC/tech boom was good to SVP. But what does a bank do with all that depositor cash? What could it do? It bought bonds. And then, as interest rates rose, bonds fell.
Thomas Hogan, the former chief economist for the U.S. Senate Committee on Banking, Housing, and Urban Affairs, does not think these are legitimate criticisms against Trump.
“In fact, he say the opposite that it’s almost certainly true that the banks are more regulated, and that makes it more difficult for them to work."
He cited his study that was published in the Journal of Regulatory Economics, explaining that the landmark Dodd-Frank bill bolstered average annual payments by exorbitant amounts that made it costlier for banks to function and “therefore more likely to fail” since they took on more risk.
A key reason for the current problem is the mark-to-market regulations that identify the so-called fair value of a fluctuating asset or liability based on the current market price. “If banks are planning to hold these securities, then they’re really not actually in any danger of failing,” Hogan said. “But the regulation makes them look like they are at risk, which is what originally caused these threats.”
The shrinking money supply has also weighed on the banking system, says Steve Hanke, the professor of applied economics at John Hopkins University and senior fellow at the Independent Institute. “As I predicted, the Fed’s contraction of the money supply has created a banking bloodbath,” he tweeted.
Complete and utter manure bank management along with the FED's incompetence. I'll defer this summary to my good friend and expert in the field, Reasoned. 👍
Your friend gator’s empty noggin contains a large, stinky deuce generated by DJT
Hmm. @Reasoned and @derek_tiger providing some actual information ITT.
@David_Dennison how will you cope?
@David_Dennison how will you cope?
Find another Trump hater article?? 🤔
One of the biggest deuces I’ve seen, in fact. 🤣
“Hell, there were over 40 SAR’s filed by bankers following the “regulations” against Hunter’s suspicious activities…”
U.S. banks have flagged over 150 SARs from Hunter and James Biden that included “large” amounts of money tagged for further review by the Treasury. SARs “often contain evidence of potential criminal activities, such as money laundering and fraud,” according to a 2020 Senate report.
🤔 I guess I underestimated Hunter
U.S. banks have flagged over 150 SARs from Hunter and James Biden that included “large” amounts of money tagged for further review by the Treasury. SARs “often contain evidence of potential criminal activities, such as money laundering and fraud,” according to a 2020 Senate report.
🤔 I guess I underestimated Hunter
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This^^^^ happens under the watchful eyes of the Fed’s thousands of bank regulators…and thousands more analysts on Wall Street…that the “second biggest bank collapse in US history [SVB]...unfolded … without a single person issuing a peep of warning.
In a nutshell looking at the numbers, deposits at SVB went from $60 billion in 2019 to $189 billion in 2022. The IPO/SPAC/tech boom was good to SVP. But what does a bank do with all that depositor cash? What could it do? It bought bonds. And then, as interest rates rose, bonds fell.
Thomas Hogan, the former chief economist for the U.S. Senate Committee on Banking, Housing, and Urban Affairs, does not think these are legitimate criticisms against Trump.
“In fact, he say the opposite that it’s almost certainly true that the banks are more regulated, and that makes it more difficult for them to work."
He cited his study that was published in the Journal of Regulatory Economics, explaining that the landmark Dodd-Frank bill bolstered average annual payments by exorbitant amounts that made it costlier for banks to function and “therefore more likely to fail” since they took on more risk.
A key reason for the current problem is the mark-to-market regulations that identify the so-called fair value of a fluctuating asset or liability based on the current market price. “If banks are planning to hold these securities, then they’re really not actually in any danger of failing,” Hogan said. “But the regulation makes them look like they are at risk, which is what originally caused these threats.”
The shrinking money supply has also weighed on the banking system, says Steve Hanke, the professor of applied economics at John Hopkins University and senior fellow at the Independent Institute. “As I predicted, the Fed’s contraction of the money supply has created a banking bloodbath,” he tweeted.
Complete and utter manure bank management along with the FED's incompetence. I'll defer this summary to my good friend and expert in the field, Reasoned. 👍
I’ll keep getting my advice from WSJ and Forbes.
I would think that any pay to the Big Guy are reported as income. As we found out last year that POTUS and VPOTUS must be audited by law. Do you think the AG appointed by Trumpsky in 2019 and current “committee on Hunter” already has that??
House passes bill requiring presidential tax audits after revelation Trump skirted scrutiny
The House on Thursday passed a bill that would require annual audits of the president’s tax returns, codifying IRS policy after a congressional committee revealed that the agency did not audit form…
thehill.com
Roll it out I say! Lock them up!! You agree??
Why isn’t Gym Jordan pursuing this more aggressively??! I demand answers.. so should everyone on this board.I would think that any pay to the Big Guy are reported as income. As we found out last year that POTUS and VPOTUS must be audited by law. Do you think the AG appointed by Trumpsky in 2019 and current “committee on Hunter” already has that??
House passes bill requiring presidential tax audits after revelation Trump skirted scrutiny
The House on Thursday passed a bill that would require annual audits of the president’s tax returns, codifying IRS policy after a congressional committee revealed that the agency did not audit form…
Roll it out I say! Lock them up!! You agree??
Lock someone up! Anyone
