DoOver
.450/400 Nitro Ex
Muh weeding inwedimundt has your statement "American Taxpayers will now have to back stop SVB giving BLM $73 million blazie, blazie um blazie..."
Buckle Up: Silicon Valley Bank Seized by the Fed
- Thread starter John Stark
- Start date
Saltwater60
.950 JDJ
That sure helped them out didnt it?
Catskillkid
.450/400 Nitro Ex
Those mansions in lily-white Beverly Hills with not a black person in site don't pay for themselves.
Well, I guess maybe the taxpayers do now.
DoOver
.450/400 Nitro Ex
Wall Street Silver
@WallStreetSilv
·
3h
Debit Suisse current CDS at 551 (up from ATH 446 yesterday) Insurance to protect against default on Credit Suisse bonds. Is this the next domino ?
livingston
20×102mm Vulcan
STUNNING Video Woke Signature Bank Made Before They Went Broke | The Gateway Pundit | by Jim Hoft
Before Signature Bank went broke they were releasing woke videos about how they were so open minded.
www.thegatewaypundit.com
Between this and China, and we are sitting here wondering why they were bailedout. In before CIA had slush funds in this bank.
livingston
20×102mm Vulcan
As it turns out, SVB was a massive donor to Black Lives Matter and other social justice causes, to the tune of nearly $74 million dollars. $73,450,000 to be more exact.
The figure comes from an extensive report dropped by the Claremont Institute on Tuesday. The report details $82 billion dollars in social justice/BLM investments by major American companies. SVB stands out as one of the larger donors, next to big donors like Apple ($100 million) and Comcast ($165 million). While at the top of the donation pool, those contributors do pale in comparison to donors like Blackrock ($810 million) and Citigroup ($1.1 billion). However, the group did pledge on their website to provide in total up to $11 billion dollars by 2026 for Diversity, Equity and Inclusion (DEI) programs and racial justice causes.
SVB executives explained on their website the turbulent racial atmosphere following the George Floyd killing and protests prompted them to expand “opportunities for dialogue,” a calling that doesn’t seem too have much concrete investment return, but ended up taking $74 million dollars out of bank coffers anyway.
The figure comes from an extensive report dropped by the Claremont Institute on Tuesday. The report details $82 billion dollars in social justice/BLM investments by major American companies. SVB stands out as one of the larger donors, next to big donors like Apple ($100 million) and Comcast ($165 million). While at the top of the donation pool, those contributors do pale in comparison to donors like Blackrock ($810 million) and Citigroup ($1.1 billion). However, the group did pledge on their website to provide in total up to $11 billion dollars by 2026 for Diversity, Equity and Inclusion (DEI) programs and racial justice causes.
SVB executives explained on their website the turbulent racial atmosphere following the George Floyd killing and protests prompted them to expand “opportunities for dialogue,” a calling that doesn’t seem too have much concrete investment return, but ended up taking $74 million dollars out of bank coffers anyway.
Saltwater60
.950 JDJ
I think it’s saying they care more about diversity and people than profits, well good work you’re closed.
STUNNING Video Woke Signature Bank Made Before They Went Broke | The Gateway Pundit | by Jim Hoft
Before Signature Bank went broke they were releasing woke videos about how they were so open minded.
Must be my lack of financial understanding, but I always believed that an "investment" was giving money to a person or corporation with the expectation that I would receive more money than I gave back from them.
how would a social justice/blm "business" be able to accomplish that?
Sounds more like a giant financial gift to me.
Howdy
9mm
Anyone else thinking that this is staged to an extent? Im thinking this is the excuse that'll be used to usher in CBDC's.
I'm not saying that an event like this didn't need to happen, but I'm sure the big players knew that the banks were all fucked, so they might as well control the collapse of the current system so they can control what comes after it.
I can already hear Joe's rambling "what caused our collapse was corporate greed! To protect the people we need more (total) control of everyone's money. That way no one can ever be so reckless..."
Problem Reaction Solution
I'm not saying that an event like this didn't need to happen, but I'm sure the big players knew that the banks were all fucked, so they might as well control the collapse of the current system so they can control what comes after it.
I can already hear Joe's rambling "what caused our collapse was corporate greed! To protect the people we need more (total) control of everyone's money. That way no one can ever be so reckless..."
Problem Reaction Solution
That right there is "Professional Grade Get Woke Go Broke".
But the Wokesters will learn nothing from it, about BLM or ESG.
In the end, it's all Monopoly money anyway but, so I've heard, the bills that come with the board game are at par with fUSA "Bogus Bucks".
They should have used that money to hedge their interest rate risk on their long term Treasury portfolio. One thing I haven't read in all the articles is any talk of any effort to make offsetting investments to balance their risk. This is banking 101 and has been practiced for 40 years. I know because I used to work for a bank 25 years ago. Holding a large group of long term securities without hedging the risk is criminal mismanagement.
Deplorable Me
.700 Nitro Express
Turn the bankrupt bank buildings into public housing. Good use for the woke company properties.
DoOver
.450/400 Nitro Ex
Weird....
First republic bank was just downloaded to junk status.
FRC stock is back to declining again.
They might be in jeopardy
FRC stock is back to declining again.
They might be in jeopardy
Don't stop there, identity as a woman too to claim credits and benefits for opening a woman owned business
Saltwater60
.950 JDJ
I still think there’s a few more to go down and maybe more depending on what the feds do with the interest rate. The fed reserve and the Biden admin are in a huge pickle right now… bad times ahead for sure.
It's all part of the plan - the globalist "elites" just had to speed up the process by juking the stats - people were starting to notice that the Woke/ESG/DEI bullshit was running down inside their chest waders.
Y'all have to have The Great Destruction before you start The Great Reset.
Y'all have to have The Great Destruction before you start The Great Reset.
The Fed is between a rock and a hard place now. If they continue to raise rates to fight inflation then they risk ruining the banking system. Many if not most banks have significant Treasury bond positions. If they stop raising rates to save the banking system then inflation will continue.
Given the track record of the fed and general incompetence of government the safe bet is the destruction of the banking system AND runaway inflation. Good times....
Given the track record of the fed and general incompetence of government the safe bet is the destruction of the banking system AND runaway inflation. Good times....
Trading is halted in SVB again.
Its all still melting down but the media isn't covering it with as much interest. Its almost like there's a directive from the Whitehouse and deep state to the media to treat this like a footnote to avoid panic.... Because the banking stocks of concern are all continuing to plummet.
Its all still melting down but the media isn't covering it with as much interest. Its almost like there's a directive from the Whitehouse and deep state to the media to treat this like a footnote to avoid panic.... Because the banking stocks of concern are all continuing to plummet.
John Stark
.44 mag
Its my view that this may not be criminal mismanagement in the sense that I believe you are implying (i.e., simple fiduciary negligence by corporate officers trying to hide losses incurred on bad investment choices the bank made), but that SVB was essentially a front, given the players involved in both its executive management and its board, and its list of investors, its ties to other corporations, its corporate sponsorship of organized criminals like BLM, its connections to the Clintons and the Obamanation, the questionable wheeling and dealing with tech startups (reminiscent in a way of the DotCom Bubble of yesteryear), and so on.
It appears to me, the more I read, that we're looking at "a tangled web practiced to deceive."
In other words, just an extension of the Bankster movement that took over in 1913.
The Fed and the financial "industry" are nothing but legalized and organized criminal organizations.
Deplorable Me
.700 Nitro Express
SVB donated $73M to Black Lives Matter movement, social justice causes
A report from August 2020 highlighted the fact that around two-thirds of the bank’s workforce met the “diversity” criteria. Another report that year touted SVB’s achievements in support…
nypost.com
This explains why my savings doesn't pay shit for interest. Why save? Stock up on ammo.
Vinson57
.475 A&M Magnum
Almost like the Italian mafia went federal...