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Silicon Valley Bank was bailed out with billions of dollars, who was held accountable?
Posted on 2/20/24 at 11:06 pm
Posted on 2/20/24 at 11:06 pm
We've seen this bank bailout BS several times over the years and for the most part no individuals are truly held accountable for mismanagement or maybe even "fraud."
When large banks/lending institutions require tens of billions if not hundreds of billions of dollars for bailouts, I don't consider a few people resigning the same thing as being held accountable. I think if an independent team of auditors looked closely at these multi billion dollar bank failures they would probably find some type of criminal activities, at a minimum these banks were likely not following certain banking regulations put in place to prevent these types of failures.
On the other hand, some dude named Trump makes several loan agreements with lenders who receive all their money back with the agreed upon interest payments and this Trump dude is deemed to be a criminal.......hmmmm.
When large banks/lending institutions require tens of billions if not hundreds of billions of dollars for bailouts, I don't consider a few people resigning the same thing as being held accountable. I think if an independent team of auditors looked closely at these multi billion dollar bank failures they would probably find some type of criminal activities, at a minimum these banks were likely not following certain banking regulations put in place to prevent these types of failures.
On the other hand, some dude named Trump makes several loan agreements with lenders who receive all their money back with the agreed upon interest payments and this Trump dude is deemed to be a criminal.......hmmmm.
8
Posted on 2/21/24 at 12:59 am to Bass Tiger
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?
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?
Posted on 2/21/24 at 2:03 am to Bass Tiger
People are really gonna love the coming bail-ins, where your money is inaccessible.
Posted on 2/21/24 at 6:52 am to Bass Tiger
The depositors were bailed out, not the bank.
There’s your list of who’s who.
There’s your list of who’s who.
Posted on 2/21/24 at 7:12 am to Bass Tiger
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.
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.
Posted on 2/21/24 at 7:18 am to Bass Tiger
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.
SVB was not bailed out and the executives lost theirs jobs and equity shares and probably won't ever work in banking again and now u want them in prison?
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.
SVB was not bailed out and the executives lost theirs jobs and equity shares and probably won't ever work in banking again and now u want them in prison?
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.
This post was edited on 2/21/24 at 7:27 am
Posted on 2/21/24 at 7:21 am to Bass Tiger
I remember Jeb Bush in a group that stole peoples money through banks. Poor Jeb now eh?
Posted on 2/21/24 at 7:33 am to Bass Tiger
The Creature From Jekyll Island is laughing at us.
Posted on 2/21/24 at 9:00 am to Bass Tiger
quote:Held accountable for what? For buying treasuries? You want to punish bank depositors for their bank buying treasuries instead of high-risk assets?
Silicon Valley Bank was bailed out with billions of dollars, who was held accountable?
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