Silicon Valley Bank was bailed out with billions of dollars, who was held accountable?

I agree.

I'd be more mad if he dodged the military and then turned around and insulted those who did.

Or if I was standing next to a guy while my wife or daughter walked by and heard him say it's nice to walk up to a random girl and grab them by the puzzy.

Don't you agree? Or would you let that happen?

People are really gonna love the coming bail-ins, where your money is inaccessible.

quote:

---

I'd be more mad if he dodged the military and then turned around and insulted those who did.

---

So you take the word of an unnamed source who likely never existed over the word of the people who were actually on the plane that day?

quote:

---

Or if I was standing next to a guy while my wife or daughter walked by and heard him say it's nice to walk up to a random girl and grab them by the puzzy.

---

You're just not smart enough to have an honest discussion are you? I understand your anger, it must be rough to go through life this blindingly stupid.

They were proud of having the first all female investment team that did make a single hedge on the bonds they bought.

The board had one seasoned investor and a bunch of former government elites and non finance people.

We paid and like the past, those responsible just walked away.

I remember Jeb Bush in a group that stole peoples money through banks. Poor Jeb now eh?

quote:

---

Bbobalou

---

Do you have to try to be this stupid or does it come naturally? You are dumb as shite!

quote:

---

If someone tried that to my wife or daughter I’d try to frick them up and would probably have some ex military guys helping.

---

You wouldn't do shite.

quote:

---

FDIC took the hit and not taxpayers. Banks pay premiums to FDIC and when when the fund gets low they charge more to banks to refill it. The largest banks pay the most.

---

quote:

---

Also during the GFC most banks paid back TARP plus interest. For example JPMorgan Chase took in $25b not bc they needed it but bc they were forced to and paid it back 12 months later along with $1B in interest to the Fed Govt.

---

I never said the US taxpayer were directly on the hook for these large banks getting bailed out. The American people pay with higher bank fees and rising interest rates for loans.....meanwhile the banks pay their depositors .75% interest on a savings account while the Fed funds rate is over 5%.

You mention JPMorgan, how about the other "too big to fail" banks and corporations who were "bailed out" during the financial meltdown of 2007-2008. Other than Lehman Bros being sacrificed the rest received hundreds of billions of dollars from the American people through Fed Monetary policy, namely ZIRP and QE. These large institutions were bankrupt if they were to use mark to market accounting methods but the federal government and Fed came to their rescue with ZIRP and QE and the consequences was one of the largest wealth transfer scams in US history from working class Americans to the investment class. The only wealth transfer that could potentially rival the 2007-2008 financial meltdown is the COVID19 wealth transfer scam.......trillions of US taxpayer dollars bailing out Union pensions, invested in green energy boondoggles, distributed to corporations for PPP.......street level hardworking Americans will eventually pay for any bailouts for the banks and "too big to fail" corporations.

quote:

---

FDIC took the hit and not taxpayers. Banks pay premiums to FDIC and when when the fund gets low they charge more to banks to refill it. The largest banks pay the most.

---

And most the “hit” is just NPV. They will get almost all of the cash back as the treasuries mature.

quote:

---

The American people pay with higher bank fees and rising interest rates for loans.....meanwhile the banks pay their depositors .75% interest on a savings account while the Fed funds rate is over 5%.
You’re clueless. The spread you’re talking about is exactly why SVB (and almost all TBTF banks) had a liquidity problem. The treasuries they bought pay less than the current inflation rate, so they can’t pay out cash until those assets mature. If you closed the spread, the situation gets worse and will require more bailouts.

---

That's one reason why SVB failed. As rates increased depositors starting move out of traditional banking deposits and into money market funds. The tech industry money dried up therefore no new money coming in the door of SVB. Just matter of time before implosion.