Another fake news by Euram
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.
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.
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.
Why wouldn't they?
Why would Israel have money in that Woke Bank ?
People paying attention to their money would know the asset structure of their bank. They would track it. When the street value of their assets drop below an acceptable reserve rate…you pull your money.
People think that these depositors who put a billion dollars into a bank don’t pay attention to their money. Most do. Except when they don’t know what they are doing.
It’s not a conspiracy. It’s called asset management. The question that should be asked is “Why didn’t everyone else pay attention?”
Insider information?
Bankers are nothing more than high-roller gangster gamblers who never lose. It’s the little guy that loses his personal savings and has to bail the gangsters out with his hard-earned tax dollars. It’s one helluva racket.
Bigot EURAM knows that many non Israelis withdrew too, but chose to defame to pick. Typical.
Why not look up the Times of Israel.com article and post that, instead of some ad heavy site's editorializing of it?
Don’t need a weatherman to know that there’s a wind blowing. They put two and two together and skedaddled. BFD.
Good for Israel...
.