Liberal Forum

Imaginary banking system units and imaginary evolution theory rooted in fantasy will tend to fail and be replaced with things that are more real.

https://www.brighteon.com/2df93df4-30ca ... 1341b6746f

Once upon a time, the cardinal rule of business was to never even discuss politics.

http://cancelthiscompany.com/

Silicon Valley Bank CEO Greg Becker, ignoring the advice of CNBC clown Jim Kramer, sold $3.6 million worth of stock in his own bank less than 2 weeks before it collapsed. The time has come to jump off the ESG train, which is going off the rails:

A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming out stories, as the firm catapulted toward collapse.

This collapse was the second largest in American banking history.

Jay Ersapah, the boss of Financial Risk Management at SVB’s UK branch, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.

Jay explains her qualifications to protect investors by managing risk:

“As a queer person of color and a first-generation immigrant [yadda yadda yadda].”

Jay has been a big success:

Her efforts as the company’s European LGBTQIA+ Employee Resource Group co-chair earned her a spot on SVB’s “outstanding LGBT+ Role Model Lists 2022,” a list shared in a company post just four months before the bank was shut down by federal authorities over liquidity fears.

Being woke, SVB pushed not only sexual perversion but also nonwhiteness and of course the global warming hoax. Check out the title of this SVB press release from last year:

Silicon Valley Bank Commits to $5 Billion in Sustainable Finance and Carbon Neutral Operations to Support a Healthier Planet

Do not entrust your money to flaky ideologues — speaking of which:

As recently as March 7, Treasury Secretary Janet Yellen was urging faster please on ESG [i.e., SVB-style corporate moonbattery]. “A delayed and disorderly transition to a net-zero economy can lead to shocks to the financial system,” she said.

The Biden Regime will probably further inflate the currency to finance a massive bailout of SVB, ensuring a more painful reckoning for all of us when the ESG house of cards inevitably collapses.
 

Huey » 12 Mar 2023, 11:54 am » wrote: ↑

12 Mar 2023, 11:54 am

While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs 

A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming out stories, as the firm catapulted toward collapse.Jay Ersapah, the boss of Financial Risk Management at SVB’s UK branch, launched initiatives such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.

https://nypost.com/2023/03/11/silicon-v ... -collapse/

I guess the line is true.  

Concentrate on your primary mission.

Yes, and Wells Fargo is another that is constantly spending money on ads that boast about how much money they give away to Indians and Blacks.  I don't think I'll be investing in Wells Fargo anytime soon.
 

I wonder how long it takes to receive a FDIC insurance payment?

Gold should be skyrocketing right about now.

 
 

Skans » 13 Mar 2023, 10:14 am » wrote: ↑

13 Mar 2023, 10:14 am

Yes, and Wells Fargo is another that is constantly spending money on ads that boast about how much money they give away to Indians and Blacks.  I don't think I'll be investing in Wells Fargo anytime soon.

If I see a customer survey from my bank which asks if they were LGBT friendly, I'm dumping them.

DeplorablePatriot » 13 Mar 2023, 11:05 am » wrote: ↑

13 Mar 2023, 11:05 am

I wonder how long it takes to receive a FDIC insurance payment?

Gold should be skyrocketing right about now.

low of 166.67a week ago  to 177.80 now.  Is that skyrocketing? between 6 and 7%

DeplorablePatriot » 13 Mar 2023, 11:05 am » wrote: ↑

13 Mar 2023, 11:05 am

I wonder how long it takes to receive a FDIC insurance payment?

Gold should be skyrocketing right about now.

GLD: low of 166.67a week ago  to 177.80 now.  Is that skyrocketing? between 6 and 7%
 

Xavier_Onassis » 13 Mar 2023, 12:35 pm » wrote: ↑

13 Mar 2023, 12:35 pm

GLD: low of 166.67a week ago  to 177.80 now.  Is that skyrocketing? between 6 and 7%

Did I say when? Nope. Try again.

DeplorablePatriot » 13 Mar 2023, 11:05 am » wrote: ↑

13 Mar 2023, 11:05 am

I wonder how long it takes to receive a FDIC insurance payment?

Gold should be skyrocketing right about now.

I wonder if anyone is thinking crypto right now.

Monderegal » 13 Mar 2023, 1:52 pm » wrote: ↑

13 Mar 2023, 1:52 pm

I wonder if anyone is thinking crypto right now.

I am. Crypto is being targeted. by our lovely gubmint.
they want the digital currency all for themselves. HOOT! run !
 

sootedupCyndi » 13 Mar 2023, 2:28 pm » wrote: ↑

13 Mar 2023, 2:28 pm

I am. Crypto is being targeted. by our lovely gubmint.
they want the digital currency all for themselves. HOOT! run !

That's like giving every colored in Baltimore your bank account number, routing number, passwords, SSN and I.D.  

DeplorablePatriot » 13 Mar 2023, 2:36 pm » wrote: ↑

13 Mar 2023, 2:36 pm

That's like giving every colored in Baltimore your bank account number, routing number, passwords, SSN and I.D.

It is crazy.. you do know that?  
 

DeplorablePatriot » 13 Mar 2023, 2:36 pm » wrote: ↑

13 Mar 2023, 2:36 pm

That's like giving every colored in Baltimore your bank account number, routing number, passwords, SSN and I.D.

Well they kind of are American citizens. 

DeplorablePatriot » 13 Mar 2023, 2:36 pm » wrote: ↑

13 Mar 2023, 2:36 pm

That's like giving every colored in Baltimore your bank account number, routing number, passwords, SSN and I.D.

All my money is in Jeffrey Epstein daycare centers. 

Huey » 12 Mar 2023, 11:54 am » wrote: ↑

12 Mar 2023, 11:54 am

While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs 

A head of risk management at Silicon Valley Bank spent considerable time spearheading multiple “woke” LGBTQ+ programs, including a “safe space” for coming out stories, as the firm catapulted toward collapse.Jay Ersapah, the boss of Financial Risk Management at SVB’s UK branch,  no spam  such as the company’s first month-long Pride campaign and a new blog emphasizing mental health awareness for LGBTQ+ youth.

nypost /2023/03/11/silicon-valley-bank-pushed-woke-programs-ahead-of-collapse/

I guess the line is true.  

Concentrate on your primary mission.

newsweek /trump-era-roll-back-bank-regulations-resurfaces-amid-svb-collapse-1787112
 
 

no spam

ScottMon » 13 Mar 2023, 3:18 pm » wrote: ↑

13 Mar 2023, 3:18 pm

newsweek /trump-era-roll-back-bank-regulations-resurfaces-amid-svb-collapse-1787112

no spam

YOU are a goddamn LIAR!!!  Blaming Trump is getting old and tired!!!   Casting blame is the first move of the incompetent...

Try bad, as in woke, greenie, envirowacko ****, management and politically motivated regulators.

Economist Steve Hanke, a professor at Johns Hopkins University and a leading monetary expert, explained what actually happened in far clearer language than what's been seen in the press, in an email to American Thinker:

When banks receive deposits, the bank incurs a liability — the bank is borrowing money from depositors. The banks then put those borrowed funds to work by purchasing assets. In the case of SVB, the bank purchased long-dated U.S. government bonds, among other things, when the bonds were realizing low yields. As interest rates went up, the unhedged bonds lost value big time, as the value of a bond is inversely related to interest rates. The SVB was very poorly managed, and if that wasn't bad enough, the regulators were clueless, too.

He added:

[T]he real SVB issue was terrible banking and risk management that resulted in a massive duration mismatch between SVB's liabilities (read: deposits) and its assets (read: long-dated bonds). The mismatch was stupidly not hedged. SVB was a poorly run bank, a disaster waiting to happen. Any regulator worth his salt should have seen this coming long ago.

This bank's failure cannot be blamed on Trump, you **** idiot!!!   Braindead biden's inflationary economy and the feds's monetary policy are to blame .
 

Xavier_Onassis » 13 Mar 2023, 12:34 pm » wrote: ↑

13 Mar 2023, 12:34 pm

low of 166.67a week ago  to 177.80 now.  Is that skyrocketing? between 6 and 7%

In the style of Notorious BIG:
Uh-huh, yeah, it's your boy Biggie Golds And today we talkin' 'bout why you gotta buy that gold, ya heard?First off, let me tell you 'bout the value of this precious metal It's been rockin' since ancient times, n' it's always been a heavy medal Compared to paper money that devalues over time Gold increases in demand, it's a timeless climbAnd the stability it brings, oh man, it's unmatched When the markets crash and everything else collapses Gold maintains its worth, it's like a hidden catch An economic hedge, it's a fact, it's reliable, it's that real stashPlus, it's a symbol of wealth, power and success A physical manifestation of your smartness, your progress Having gold in your portfolio shows your foresight, your finesse It's a solid investment, it's for the bestSo don't wait,
 

ScottMon » 13 Mar 2023, 3:18 pm » wrote: ↑

13 Mar 2023, 3:18 pm

newsweek /trump-era-roll-back-bank-regulations-resurfaces-amid-svb-collapse-1787112

no spam

And Biden had the House and The Senate for two years.  What did he do?

DeplorablePatriot » 13 Mar 2023, 11:05 am » wrote: ↑

13 Mar 2023, 11:05 am

I wonder how long it takes to receive a FDIC insurance payment?

Gold should be skyrocketing right about now.

Oh, the FDIC is actually pretty well run, I believe. They manage risk quite well - when congress doesn't **** in their gravy bowl.

During the half century of FDR's game rules, which ended during the reagan years, there were ZERO bank failures that could not be handled in house, by the FDC, with the nation's banks' own funds. It wasn't until reagan's second term that we had the first PUBLIC bailout of banks in over fifty years, which was engineered by the bush clinton crime family under the new rules - which we are still under - commonly referred to as reaganomics and/or trickledown economics and/or supply side economic and/or conjob ***. That was the whitewater savings and loan fiasco - not the first great crime of the bush clinton crime family (see the pulitzer winning san jose mercury news' investigative report showing oliver north was the point man in smuggling medellin cartel coke into the states by the cargo-plan-load, which the CIA taught los angeles nigs to turn into crack). 

@Skans  the bolded part is in answer to your curiosity about what I might POSSIBLY see good in FDR.

The world's largest middle class in history occurred under his game rules, and has eroded steadily under reagan's - which are still in effect.