Bear with me, archive.is is not loading with some links, so we get source instead of of archived.
We begin with the reason why the bank was so quickly caught before it could topple over: Those beyond $250k account holders who will get/got their money back from the bank were all top Democrat donors. https://nypost.com/2023/03/13/biden-move-to-insure-pro-democrat-svb-depositors-slammed/
Second, won't someone please think of the leftist's 1500 money laundering schemes: https://archive.ph/TbEUe
The FDIC was not meant to save an entire system or a bank's big-time account holders. Yet, much like social security and medicare, Democrats are here to rob the entire fund, never replace it, and charge members more for the privilege of them stealing from you. Your bank rates and fees will be going up: https://archive.ph/oC1Ge
Viviek Shwarma, a republican who thinks he is running for president, uses the bank's demise to make hay for his campaign while also not mentioning the whole truth: https://archive.ph/tZWom
Yes, woke policies pushed by the current regime and not just stupidity or the rate increases is the REAL reason this bank collapsed: https://nypost.com/2023/03/13/biden-forced-to-bail-out-a-banking-system-and-his-donors-he-endangered/
To hide their collusion to steal the money from the Federal Deposit Insurance fund, big tech flooded the market with countless 'he went that way' news stories: https://archive.ph/EF7U8
Biden Antoinette's 'let them eat cake moment: “Investors in the banks will not be protected,” Biden said in a White House speech. “They knowingly took a risk and when the risk didn’t pay off, the investors lose their money. That’s how capitalism works.” https://www.reddit.com/r/politics/comments/11qe69v/thats_how_capitalism_works_biden_says_of_svb/ UNLESS you're a democrat donor and don't want to lose your money, eh, cunt?
And finally, proof that the whole thing is over as far as the media and Biden Regime are concerned: they're hawking merchandise and gloating about it. https://www.marketwatch.com/story/svb-swag-like-this-fleece-jacket-is-selling-for-up-to-1-000-on-ebay-b7613d5d?mod=home-page and MarketWatch is now full of stories from rich assholes offering their take on how not to get scammed/how they saw the writing on the wall so invest with them: https://www.marketwatch.com/
I think we all need to thank JPM for bailing out FRC.
I think we also need to be honest about the significant female influence that caused SIVB to go under. Risk management and the Fed chair for SF supposed to keep an eye on them. How much of their bank was actually a slush fund for feminist causes? Were they just going to let it lose money constantly to fund their ambitions, and then pin the costs on the taxpayer?
What worries me, and is why I'm slowly cutting my exposure to banks in my portfolio as their stocks recover, is just how incredibly over-represented they are in the power positions that are relied upon to stop a crisis.
You do not want to be in a situation where your society relies on a feminist doing something good. The world financial system is currently in that exact position.
This could have been so much worse if JPM hadn't bailed First Republic out. Imagine the taxpayer being on the hook for every bank below JPM, C, WFC etc as they all collapsed one after the other.
He's not wrong. SVB's own mismanagement caused SVB's downfall. If 99% of your deposits are cryptobro money, you should diversify a quarter of it into pharmabro money. And so on. I understand they had 20 billion in losses due to holding long term bonds, they should have been shifting that away, and ringing up the White House the second it became an issue. This should have been a 20 billion dollar kitchen fire, not the whole regional banking 620 billion dollar neighborhood fire.