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re: Silicon Valley Bank was bailed out with billions of dollars, who was held accountable?
Posted on 2/21/24 at 10:15 am to Taxing Authority
Posted on 2/21/24 at 10:15 am to Taxing Authority
quote:
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.
Your logic is the money that was pouring into SVB from who knows where (tens of billions of dollars) should not be subjected to FDIC limits? The wealthy elites praise you. You're the typical university educated banking/finance graduate who is very learned on the technical side but clueless on the ethical side.
This post was edited on 2/21/24 at 10:19 am
2
Posted on 2/21/24 at 10:27 am to Bass Tiger
more bailouts of democrats
Posted on 2/21/24 at 10:33 am to Bbobalou
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.
Posted on 2/21/24 at 3:48 pm to Bass Tiger
quote:The logical position is those deposits should be backed by the assets thst were purchased (and still exist) for the purpose of covering those deposits.
Your logic is the money that was pouring into SVB from who knows where (tens of billions of dollars) should not be subjected to FDIC limits?
Otherwise, depositors would have essentially had their money stolen by whoever bought the banks assets. Do you think banks should steal depositors money? Why?
quote:Link?
The wealthy elites praise you
quote:
You're the typical university educated banking/finance graduate
Nope. But it’s entertaining to watch you make up a story about me to cope. quote:Uh. you’re the one thst thinks depositors should have lost their deposits, even though assets existed to pay them back with. How is that an ethical position?
clueless on the ethical side
Posted on 2/21/24 at 3:59 pm to Bass Tiger
this is the American "free markets" at its best. the question you should ask is why not one bank executive from 2008 until now has been charged for any law they have broken concerning the financial crisis of 2008 or the latest round of bank closures. Why is moody's still allowed to offer ratings to financial institutions after they basically allowed banks and other financial services to bribe them for A+ ratings.
Posted on 2/21/24 at 4:01 pm to hawkeye007
Exactly. We should go after SVB execs for buying US Treasuries.
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