SVB Implosion

[Bob_C]

H just lost interest

I did?

See?

your folks were first cousins?

Dodge and deflect since Newsom came up

Lost interest

You mean because Newsom hob nobs with the banking crowd? Stop the presses!

Yeah that's what I mean

Retard

So you don't think depositors should be made whole and your reason is that Newsom was a depositor.

deep

Dodge and deflect

Lost interest

So you really don't know what Newsom had to do with anything after all.

He definitely helped crash the economy.

 

[BleachedAnusDawg]

H just lost interest

I did?

See?

your folks were first cousins?

Dodge and deflect since Newsom came up

Lost interest

You mean because Newsom hob nobs with the banking crowd? Stop the presses!

Yeah that's what I mean

Retard

So you don't think depositors should be made whole and your reason is that Newsom was a depositor.

deep

You're conflating two entirely different things. Newsom has nothing to do with depositors getting their money.

 

[thechatch]

Jesus, HH

Why do you cape for these people? The amount of water you carry for Gavin Newsome and Joe Biden has to be overwhelming

 

[HHusky]

Jesus, HH

Why do you cape for these people? The amount of water you carry for Gavin Newsome and Joe Biden has to be overwhelming

How does Gavin Newsom even enter into this? Who the fuck spends any time thinking about him?

 

[pawz]

Jesus, HH

Why do you cape for these people? The amount of water you carry for Gavin Newsome and Joe Biden has to be overwhelming

How does Gavin Newsom even enter into this? Who the fuck spends any time thinking about him?

You fucking idiot.

He had personal monies tied up in the bank (asset) he was lobbying government to save.

If Trump was doing that you might shoot a cow out of that twat of yours.

 

[Swaye]

https://twitter.com/unusual_whales/status/1635735621993123840?s=46&t=TF5YSHjB9Hq6ZBrenucnTg

They’ve had 26 months to do it already but were too busy making money.

Also….
https://twitter.com/collinrugg/status/1635735513863950336?s=46&t=BrPpxiJ6HKnfDhc1-qw4vg

https://twitter.com/kenklippenstein/status/1635675062043910144?s=46&t=BrPpxiJ6HKnfDhc1-qw4vg

Nothing to see here. Better go look into Trump University again though just to be safe.

 

[Sledog]

H just lost interest

I did?

See?

your folks were first cousins?

Dodge and deflect since Newsom came up

Lost interest

You mean because Newsom hob nobs with the banking crowd? Stop the presses!

Lobbies for bailout but doesn’t disclose his personal interest in SVB.

Fuck off.

His tips from the Cock Pit bar might be there!

 

[HHusky]

Jesus, HH

Why do you cape for these people? The amount of water you carry for Gavin Newsome and Joe Biden has to be overwhelming

How does Gavin Newsom even enter into this? Who the fuck spends any time thinking about him?

You fucking idiot.

He had personal monies tied up in the bank (asset) he was lobbying government to save.

If Trump was doing that you might shoot a cow out of that twat of yours.

has had personal accounts with Silicon Valley Bank for years[/i]

What part of "he's a depositor" did you misunderstand?

 

[HHusky]

H just lost interest

I did?

See?

your folks were first cousins?

Dodge and deflect since Newsom came up

Lost interest

You mean because Newsom hob nobs with the banking crowd? Stop the presses!

Yeah that's what I mean

Retard

So you don't think depositors should be made whole and your reason is that Newsom was a depositor.

deep

Newsom has nothing to do with depositors getting their money.

No shit, Einstein.

 

[thechatch]

Carry that water like a good little boy

 

[HHusky]

Carry that water like a good little boy

So likeable, but without an original thought in her pretty little head.

 

[46XiJCAB]

Move over Joey, the Dazzler needs to give Gavin some of his special attention. Pathetic.

 

[thechatch]

Carry that water like a good little boy

So likeable, but without an original thought in her pretty little head.

You’re suggesting Newsome was in the right when he chose not to disclose his holdings at SVB while simultaneously using his power/influence to help secure bailout money for depositors?

I mean I’m sure Oprah and Prince Harry are appreciative….

 

[PurpleThrobber]

Carry that water like a good little boy

Don't forget the shake, Dazzler piss boy.

 

[46XiJCAB]

Carry that water like a good little boy

Don't forget the shake, Dazzler piss boy.

Choka Choka Chip!

 

[UW_Doog_Bot]

The Throbber got his money back and its being laundered through Ukraine[/s] transferred to a more conservative institution . Ka ching. Thanks, comrades [/s]suckers.

@UW_Doog_Bot may have a different economic take - but even though this outcome is personally advantageous, the law of unintended consequences will kick in.

Backstopping depositors funds, the government has given the banks a never-ending supply of coins for their fuckery.

By way of analogy, if a casino gambler KNEW he would always have his stake, he'd keep making riskier and riskier bets. Until such time that the risk of the bet far outweighed the reward which is essentially where SVB found itself.

amirite or no?

View attachment 56438

I'm generally against moral hazard.

Unsurprisingly Joey fucked this all up and took a non-issue and made it a huge issue. I'm sure his elite donors are appreciative though.

Is there a doubt from anyone other than @HHusky this was done along partisan lines?