SVB Implosion

TC had a segment last night featuring the women of SVB. They were on a retreat for a little skiing at Lake Tahoe and some navel gazing on how awesome women power was at SVB. Last week. You can't make this shit up.
 
This one is gonna be dicey. Congress is gonna get a big sales pitch for this one. Hopefully they don’t do it. But if they do, squeeze the shit out of it and get real shit in return.
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The bailout should only be to the extent of deposits.

Then squeeze the shit out of it anything above making those people whole.

 
This one is gonna be dicey. Congress is gonna get a big sales pitch for this one. Hopefully they don’t do it. But if they do, squeeze the shit out of it and get real shit in return.
Click to expand...

The bailout should only be to the extent of deposits.

Then squeeze the shit out of it anything above making those people whole.
Click to expand...

For sure all of that. I’m talking a bigger extortion. Tie whatever bailout is needed to cutting spending in general, Ukraine funding, letting Novak play, etc. Why not.
 
This one is gonna be dicey. Congress is gonna get a big sales pitch for this one. Hopefully they don’t do it. But if they do, squeeze the shit out of it and get real shit in return.
Click to expand...

The bailout should only be to the extent of deposits.

Then squeeze the shit out of it anything above making those people whole.
Click to expand...

For sure all of that. I’m talking a bigger extortion. Tie whatever bailout is needed to cutting spending in general, Ukraine funding, letting Novak play, etc. Why not.
Click to expand...

Yeah - fuck that shit. The banksters playing their casino game can fuck the fuck off.

But Joe Blow who deposited funds to SVB, they were simply following conventional business practice.

Fuck Oprah, though. The Throbber can be completely hypocritical when it comes to pedo-enablers.

 
https://twitter.com/fedguy12/status/1634569006752624640?s=46&t=BW54DDdRvMZ7AoDSXEli5w

Not sure if that iSource story is true but man I’m going to laugh if it is…
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Oh they will get the hook up
 
The lesson would be that if you don't know all the details about your bank, then keep it under $250k or buy short term treasuries or stay with a big bank that is too big too fail. In the 2007-2008 liquidity crisis, the Fed stepped in and you were safe with a big bank. Lehman, not so much.
 
It gets even better…https://twitter.com/isource_news/status/1634413085787316225?s=46&t=BW54DDdRvMZ7AoDSXEli5w
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That’s the final straw. No bailouts.
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Shareholders should lose all their money. But should innocent depositors lose all their money? The one thing I can hold against the depositors would be not depositing in multiple banks. But still...
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So who should cover that exactly?
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If there is no risk hazard, then it isn't a free market and I refuse to support the Heads I win, and Tails you pay for my lose. Pay for your own losses.
 
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