Liberal Forum

Trumprules » 15 Mar 2023, 1:47 am » wrote: ↑

15 Mar 2023, 1:47 am

He can spend his money however he wishes.

Are you seeking my attention, little body?  3 replies to the same post?      

LincolnNebraska » 14 Mar 2023, 8:17 am » wrote: ↑

14 Mar 2023, 8:17 am

Silicon is (was) a conservative bank that did everything the monetary interventionists (regulators) wanted.  These are the same gov bozos who told banks and everyone that inflation would be temporary.

Doesn't change the fact that Trump signed off on deregulating that allowed this collapse.
 

Being woke with no banking experience is not a good combination.

Should call it Solyndra Valley Bank     
 

ScottMon » 28 Mar 2023, 10:06 am » wrote: ↑

28 Mar 2023, 10:06 am

Doesn't change the fact that Trump signed off on deregulating that allowed this collapse.

Why do you continue to believe the lapdog, liberal talking heads and pundits that keep you a ****, liberal IDIOT?

SVB collapsed because of large unrealized losses on low interest government securities, which became a problem when the Federal Reserve raised interest rates to combat the INFLATION caused by braindead biden's EXCESSIVE spending and the value of those securities dropped.


 

Z09 » 28 Mar 2023, 12:30 pm » wrote: ↑

28 Mar 2023, 12:30 pm

ScottMon » 28 Mar 2023, 10:06 am » wrote: ↑

28 Mar 2023, 10:06 am

Doesn't change the fact that Trump signed off on deregulating that allowed this collapse.

Bull ****...
If it was so bad why didn't Biden fix it?

 

Because deregulation is not what caused the bank to go under.  Poor interest rate risk management by inexperienced so-called "bankers', the Federal Reserve raising the discount rate, to combat braindead biden's inflation caused by excessive government spending, which in turn caused the value of government securities to plummet.

Braindead biden doesn't have the **** sense to fix a broken shoelace.
 

Trumprules » 15 Mar 2023, 1:47 am » wrote: ↑

15 Mar 2023, 1:47 am

He can spend his money however he wishes.

And braindead biden rushes in to rescue his woke *** billionaire buddies so they don't loose a penny with the collapse of SVB and tells the middle and poor classes of East Palestine to go **** themselves!!!
 

Buffalo » 28 Mar 2023, 10:47 am » wrote: ↑

28 Mar 2023, 10:47 am

Why do you continue to believe the lapdog, liberal talking heads and pundits that keep you a ****, liberal IDIOT?

SVB collapsed because of large unrealized losses on low interest government securities, which became a problem when the Federal Reserve raised interest rates to combat the INFLATION caused by braindead biden's EXCESSIVE spending and the value of those securities dropped.

Funny how deregulation of banks keep causing banks to fail.  Trump repealed parts of the Frank-Dodd act.  SVB failed and you guys blamed Biden with zero proof that Biden actually caused it.
 

Shilly is shilling again
 

ScottMon » 28 Mar 2023, 6:04 pm » wrote: ↑

28 Mar 2023, 6:04 pm

Funny how deregulation of banks keep causing banks to fail.  Trump repealed parts of the Frank-Dodd act.  SVB failed and you guys blamed Biden with zero proof that Biden actually caused it.

Your lack of understanding banking is glaringly apparent, idiot.  Don't just take my word (with 17 1/2 years in banking) for the reason for the bank's failure...

"The abrupt implosion of Silicon Valley Bank (SVB) on Friday—the second-largest U.S. bank failure in history—is a warning to financial companies against placing all your bets on one market-sensitive horse, rather than an indication of a broader systemic problem among banks.

The Santa Clara, California–based bank and its parent, SVB Financial Group, focused too heavily on crypto and tech startups as well as bond investments sensitive to interest rate hikes. That left the entire company exposed and, ultimately, drained of both capital and banking customers.

The Federal Deposit Insurance Corp. (FDIC), which insures bank deposits, was forced to step in and take over SVB’s $209 billion in assets and $175.4 billion in deposits on Friday morning. The timing was atypical, since the FDIC’s preferred strategy is to quietly announce bank failures on Friday nights, after business hours are over and the bank’s branches are closed.

The FDIC has not closed a bank in almost three years, since October 23, 2020."

https://www.forbes.com/advisor/banking/ ... h%20spaces.

Why did the Federal Reserve raise interest rates?  To try to get the high inflation caused by braindead biden's excessive government spending under control.

So, why don't you SHUT THE **** UP and try to learn something before you dirvel LIES!!!  
 
 

ScottMon » 28 Mar 2023, 10:06 am » wrote: ↑

28 Mar 2023, 10:06 am

Doesn't change the fact that Trump signed off on deregulating that allowed this collapse.

lol.   Wrong.  The regulators were there, they just didn't do their job. 
But it's a great claim, as long as you don't have to support it with proof. 

Got any proof?
Yea, didn't think so. 
 

ScottMon » 28 Mar 2023, 6:04 pm » wrote: ↑

28 Mar 2023, 6:04 pm

Funny how deregulation of banks keep causing banks to fail.  Trump repealed parts of the Frank-Dodd act.  SVB failed and you guys blamed Biden with zero proof that Biden actually caused it.

Barney Frank, one of the authors of Dodd/Frank says you're a liar. 
So do I. 


 

ScottMon » 28 Mar 2023, 10:06 am » wrote: ↑

28 Mar 2023, 10:06 am

Doesn't change the fact that Trump signed off on deregulating that allowed this collapse.

Do you see Trump in your coffee?   

I make more in CDs than my rental home. Selling the rental home and getting more CDs.
Real estate sucks right now, liberals have ensured that for years to come.

DeplorablePatriot » 28 Mar 2023, 10:35 pm » wrote: ↑

28 Mar 2023, 10:35 pm

I make more in CDs than my rental home. Selling the rental home and getting more CDs.
Real estate sucks right now, liberals have ensured that for years to come.

I was in banking during the high inflation of the late 70's and early 80's.  Interest rates were so high that the small community bank I worked at was paying 10% on short term $100,000 or larger CDs.  The prime lending rate was something around 20%.  
 

The SVB failed because it purchased the wrong kind of Treasury bonds, and when interest rates rose (as everyone knew they would, because that was what the Fd wanted) then the value of these bonds decreased. It had NOTHING to do with being WOKE.

Xavier_Onassis » 29 Mar 2023, 9:57 am » wrote: ↑

29 Mar 2023, 9:57 am

The SVB failed because it purchased the wrong kind of Treasury bonds, and when interest rates rose (as everyone knew they would, because that was what the Fd wanted) then the value of these bonds decreased. It had NOTHING to do with being WOKE.

Yes it did because of the woke clientele they catered to!!!  But, as you admitted, it had nothing to do with Trump's deregulation.

Wokeness is destroying the US!!!
 

Buffalo » 29 Mar 2023, 10:38 am » wrote: ↑

29 Mar 2023, 10:38 am

Yes it did because of the woke clientele they catered to!!!  But, as you admitted, it had nothing to do with Trump's deregulation.

Wokeness is destroying the US!!!

The administrators of that bank made bad decisions totally unrelated to being Woke.
Every American should be woke. To not be woke is to be deliberately ignorant.


 

Anybody that starts talking woke or PC i just tell them **** you get a life.

Xavier_Onassis » 29 Mar 2023, 11:46 am » wrote: ↑

29 Mar 2023, 11:46 am

The administrators of that bank made bad decisions totally unrelated to being Woke.
Every American should be woke. To not be woke is to be deliberately ignorant.

Goddamn XO, you continue to show your ****, liberal ignorance!!!

Green, Woke, and Now Broke — How SVB Became the 2nd Biggest Bank Failure in U.S. History

Mar 12, 2023

By JAMES P. PINKERTON | Breitbart
Go Woke, Go Bust
Oh so woke, oh so green, oh so diverse Silicon Valley Bank (SVB) just went bust.

 Another term for wokeness, of course, is ESG, which stands for environmental, social, and governance. ESG is a pertinent question, as there’s a considerable body of economic literature showing that woke investments aren’t good investments. For instance, one study by professors at the London School of Economics and Columbia University finds that:

ESG funds appear to underperform financially relative to other funds within the same asset manager and year, and to charge higher fees. Our findings suggest that socially responsible funds do not appear to follow through on proclamations of concerns for stakeholders.

Shorter version: ESG makes less, costs more, and is a fraud. 

Of course, if ESG investing only soothed the conscience of gullible trust-funders, it might be okay. But now, as a big ESG bank goes belly up, we see the danger of systemic risk to the whole economy. That’s what happened when bank failures domino-ed back in 1929.

So, it’s funny, in a not-funny way, that as recently as March 7, Treasury Secretary Janet Yellen was urging faster please on ESG. “A delayed and disorderly transition to a net-zero economy can lead to shocks to the financial system,” she said.

Well, we haven’t gotten to net-zero yet—and we never will, especially with China still building coal plants—but we’ve already had a shock to the financial system.
 Yet in the meantime, if the evidence continues to pile up that woke/ESG is bad business, then it will be hard for financial officers across the spectrum—in banks, investment houses, pension funds, insurance companies, and university endowments—to argue that they can be woke while still upholding their fiduciary duty.

 
 

That duty is a heavy legal concept, containing significant civil and even criminal penalties if it is violated.

To be sure, plenty have been warning about the dangers of ESG, including House Majority Leader Steve Scalise (R-LA) and also some of those directly tasked with growing and safeguarding pension funds, such as West Virginia State Treasurer Riley Moore. There’s even a new network of right-leaning investment overseers, the State Financial Officers Foundation.

For instance, here’s an SVB headline from January 10, 2022: “Silicon Valley Bank Commits to $5 Billion in Sustainable Finance and Carbon Neutral Operations to Support a Healthier Planet.” Sounds green! But was that the best use of funds? All we know for sure is that CEO Greg Becker chose not to address the fiduciary matter when he said, “Our ability to make a meaningful difference for people and the planet, and to address the systemic risk that climate change presents, is magnified by the outsized impact our innovative clients make.” 

 All that money might have seemed great for some people (not counting, say, the slave laborers in Africa mining green minerals) and maybe the planet (not counting the bald eagles being killed by windmills), but it doesn’t seem to have been great for SVB investors and depositors.SVB has more to proclaim about ESG:

Our corporate philosophy of transparency and accountability guides our reporting on environmental, social and governance performance with the goal of building trust and evolving our policies and disclosures.

Yes, that’s what SVB is all about, right? Building trust. Although some have a funny way of building it. For instance, it seems that SVB CEO Becker sold $3.6 million in stock on February 27. Did he know something? Did he act on insider information? (There’s a whole ‘nother passel of laws concerning that, and they’re doozies.)

And it gets better. Here’s more green blather from SVB: 


We support entrepreneurs and high-growth businesses at the forefront of innovation, helping to advance solutions that create a more just and sustainable world. Our longstanding commitment to innovation, combined with our deep experience supporting evolving technologies, enables us to contribute to a healthier planet via our own efforts and those of our clients.

A good paragraph for Woke Bingo: “just,” “sustainable,” “healthier planet”—so many words to win!

Of course, SVB is also big into DEI (Diversity, Equity, and Inclusion), declaring, “We’re building a culture of belonging with a global workforce that celebrates greater dimensions of diversity.” More Bingo hits. And to get an even better sense of SVB’s DEI footprint, we might consider this (now deleted) tweet from one Christina Qi, who identifies herself as a former hedge fund CEO:

The SVB collapse has been devastating in more ways than one: They supported women, minorities, & the LGBTQ community more than any other big bank. This includes not just diverse events, but actual funding. SVB helped us move one step forward; without them, we move two steps back.

One sharp tweeter responded, “Maybe other banks will take a look at this failure and realize they need to do actual banking instead of virtue signaling.”Hmm. Was all that virtue-signaling in keeping with fiduciary duty? Is this what the Biden administration might possibly choose to bail out?

https://yournews.com/2023/03/12/2532700 ... ecame-the/

And then in rushes braindead biden to bail out all his rich, WOKE BILLIONAIRES so they won't lose a penny and tells the poor and middle classes of East Palestine to go **** themselves!!!

XO, you are one dumb **** liberal, woke idiot!!!

**** WOKENESS!!!