Posted on 03/12/2023 7:25:20 AM PDT by DoodleBob
There are a lot of low paid people taking a hit because of the collapse. Not everybody is rich. These are hard working people who are may live paycheck to paycheck. It is not cheap to live in California. Very expensive.
SVB has a lot of business money.
The best way to stop an out of control gambler is to let them LOSE EVERYTHING
NO BAILOUT.
Remember when GMAC went under? It came back as Ally bank. I would bet that Silicon Valley will come back with a different “feel good” name that has as it’s parent a Chinese company.
Pardon one's ignorance in the matter, but why is that?
Unfortunately, the new “bail-in” law makes depositors equal to shareholders in the bank.
What that means in practice, has yet to be seen, but depositors should not like that concept fro the 0bama administration time.
I hadn’t heard until yesterday that Roku, Pinterest and Shopify all had millions at SVB.
I hope there is an audit to this, but its better than the taxpayers paying for it.
I have noticed that past bank failures and this present one have things in common.
1. They are always run by liberal elites.
2. The liberal politicians always say, “we must bail them out
to prevent economic collapse.”
3. The taxpayers takes it in the butt again.
4. You always find the executives of the bank using it like a
personal piggy bank for liberal causes.
5. Jim Cramer (Mad Money CNBC) is always wrong.
I’ll buy it.
Sell it to the Chinese with a 10% cut for the Big Guy
Because their depositors were primarily corporations, not individuals. Even if you only have 50 employees, your payroll account is going to be over $250K.
The news that SVB was operating without a risk assessment dept for nine months, probably longer, since actuaries are anathema to ESG should be a wake up call to investors, even brain dead Woke investors.
It would be a great Chinese asset.
Did anyone check to see if the Red Chinese wanted to buy it? We’re selling everything else to them.
Stock sales and political contributions already exposed. SVB execs sold shares a week ago. That’s insider trading. Political contributions were large and mostly went to Democrats. One other thing, SVB employees all received bonuses hours, not days, before SVB went belly up Friday.
These are woke criminals. Let’s find out who in congress and which regulators are accomplices.
Because SVB is largely big tech entrepreneurs and their companies deposits in the richest area in the country
Try that Ukrainian guy, Zelenskyyyyyy. He’s got a lot of U.S. dollars. Most are probably still loaded on pallets for easy transfer.
"Me love you long time."
Paging Chairman Xi...
That’s a brilliant idea! And give Matt Taibbi his next assignment.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.