gogetumpoke

It’s pretty electric. I hope we aren’t peaking too early.

Didn’t the Dems have control of the house, senate, an WH for 2 years? At least Trump tried to get the wall built.

So they are allowing shareholders in SVB and Signature Bank to lose all of their investment, force out the management of those banks never to be hired again by another bank, and make all the other banks foot the bill for cleaning up those managements' mess.


Exactly. What isn’t getting enough attention is this next round of special assessments that will be shoved down the throats of well managed banks that didn’t go to sleep at the switch. In the process sending the message to the VC and start up crowd that there are no consequences for their piss poor money management. The haircut shouldn’t be large but the fact that well managed banks will end up footing the bill is straight up bullshite when, in this particular case, the large depositors new the risk and just simply failed to mitigate it.

Link?