Posted on 03/15/2023 5:52:46 AM PDT by euram
Bankers in Israel were able to successfully transfer $1 billion in funds from Silicon Valley Bank (SVB) right before it collapsed on Friday, according to reports.
The Times of Israel is reporting that the country’s two largest banks, Bank Leumi and Bank Hapoalim, were able to move the money before it was seized by the feds.
The funds were transferred to bank accounts in Israel.
(Excerpt) Read more at slaynews.com ...
Another fake news by Euram
Are you harefully suggesting a “conspiracy “?
These were not the only people to get their money out of SVB in time. Smart move on their part.
About the time that the President of the bank sold all of his stock and pulled all of his assets out of the bank? IF the FBI truly were investigating criminal activity without bias, I think this would be a good place to start.
Was this before or after we shot the space lasers?
I was too busy with my earthquake machine to notice. Had to reset it after doing that big bit in Turkey.
And the damn trained sharks and soy vultures had to be fed.
It sounds contrived
How much did Soros take out?
I’m guessing that a review of just-before-it-collapsed money transfers will show a pattern of insider information, people or organizations more equal than others. I guess the ship has sailed on a government handout to the uninsured depositers, but it still shouldn’t go to investers and shareholders. Next, most importantly, they need to identify and prosecute those responsible for the bad decisions and losses, and those who traded on insider information.
I doubt this happened at all.
There would be no way the public would know (yet) for one.
Two, the bank probably couldn’t hold that level of cash in a single demand account if it wanted to under liquidity regulations. They’d have to share the deposit with multiple participating banks.
Just most fortunately getting out before the roof caved in.
And probably contributed in great measure to the failure when it did arrive.
One snowflake does not cause an avalanche, but a billion or so do.
Some people can read between the lines and see they are in a bad position and they prudently did what anyone who was smart enough to see it did.
If you were investing $1B in a financial institution would you want to monitor the health of it? And if you saw the writing on the wall that they were going to go belly up would you not have done the exact same thing?
Don’t blame them one bit, I bet there are thousands of people that wish they were smart enough to read the tea leaves like the Israeli money men did.
euram seens to be pro islamofascism and radical racist.
The only thing missing from this story, was a sentence going “But some of my best friends are Jewish.”
All the above are lose-lose situations.
Woke doesn't need an explanation and holding long-bonds is bad for two reasons: their value goes down in a rising interest rate market and there is no assurance that they can be sold at par if depositors withdraw their cash.
Actually, there's a third reason, the arbitrage profit (fixed-rate interest earned on long-bonds minus variable-rate interest paid on deposits) can disappear if interest rates on deposits start to climb.
Or did Soros sell the stock short?
Yet Biden tells us our money is safe......
Why wouldn't they?
Only an idiot would believe it a coincidence that the President of SVD sold all of his stock and pulled all of his assets out of the bank - not fully knowing that the bank was about to collapse.
Regarding the Israeli banks. People have relationships in the business world. Business associates can also be friends. Friends share info between themselves that they would not otherwise share. The old saying is true, "it's not what you know, it's who you know."
You can believe that the Israeli banks and others made the move to get their money out just in time because of their objective analysis and research on the health of SVD - or you can believe they had friends/connections at SVD that convinced them a collapse was imminent.
In either case, what does it matter?
What galls me is that the army of bank regulators whose job is to monitor the health of our banks FAILED. Will any of those people be fired?
What was fake?
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