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[punch it in]

Originally Posted by Chico23231

Lawrence H. Summers

@LHSummers
SVB committed one of the most elementary errors in banking: borrowing money in the short term and investing in the long term. When interest rates went up, the assets lost their value and put the institution in a problematic situation

SVB was incompetent and then the way they communicated their crunch, equally dumb. But good to know their Risk executive was heavily focused on woke projects instead of doing her job.

Also, maybe the government should hold some of the accounting firms responsible…as well as their own regulators in San Fran?

KPMG, one of the “big four” accounting firms, gave Silicon Valley Bank a clean bill of health just two weeks before the collapse, and the same firm offered an all’s good evaluation for Signature Bank eleven days before it collapsed.

Lol. Nobody said SVB isn’t to blame, but it isn’t that black and white.

Trumps deregulation is directly tied to this fiasco. You should read the rest of his tweets not just the one that seemingly ties into your Trump isn’t responsible for anything bad that happen narrative.

[Chico23231]

Originally Posted by punch it in

Lol. Nobody said SVB isn’t to blame, but it isn’t that black and white.

Trumps deregulation is directly tied to this fiasco. You should read the rest of his tweets not just the one that seemingly ties into your Trump isn’t responsible for anything bad that happen narrative.

Nope, Trump had nothing to do with this.Too much spending >Inflation > this administration refusal to address inflation > sharp rate hikes and this bank’s incompetence.

Signature failure was its incompetence and crypto leverage…different than SVB but interest rate induced.

Other regional banks stock down due to panicking, deposit transfer and maybe some exposure to SVB.

If this was regulatory induced, other peers would be in the same positions as SVB, but they are not. You can’t say Trump regulations only affected SVB…come on

[punch it in]

Originally Posted by Chico23231

Nope, Trump had nothing to do with this.Too much spending >Inflation > this administration refusal to address inflation > sharp rate hikes and this bank’s incompetence.

Signature failure was its incompetence and crypto leverage…different than SVB but interest rate induced.

Other regional banks stock down due to panicking, deposit transfer and maybe some exposure to SVB.

If this was regulatory induced, other peers would be in the same positions as SVB, but they are not. You can’t say Trump regulations only affected SVB…come on

Deregulation made it possible. Other banks acted responsibly.

[Giantone]

Originally Posted by punch it in

Deregulation made it possible. Other banks acted responsibly.

You're fighting a losing battle. Frick and frack won't listen.

[Chico23231]

Originally Posted by Giantone

You're fighting a losing battle. Frick and frack won't listen.

Of course Biden was free to pass Bank Regulations when he had the majorities in the house and senate at anytime