SVB sinks wiping $61B in market value off bank stocks

Such bullshit. My post history greatly disproves this.

You literally can't respond to what I said and can't defend your own statement so you resort to this incredibly typical and tired response. I'm not even a little surprised.

 

You stated “It's not big govt's job to protect stupid businesses from themselves.” — this has nothing to do with the bank it has to do with its customers and because government relaxed these regulations tax payers are now on the hook

I am sorry if you didn’t grasp what I said and only focused on one sentence. I’m not even a little surprised.

 

$10M would probably protect most small businesses.

The billionaires should have known better than to keep their loot in banks that can avoid risk assessments.
Liquidate the assets and divvy them out.

 

Please explain how a “woke agenda” caused the bank failure.

Be specific

 

I don't know. Maybe because instead of hiring experience banking people, they mainly hired inexperienced Woke executives who never managed a financial institution before. They sure spent a great deal of time concerned with Woke agenda over managing their bank financials. I am sure the DOJ and FBI investigations will clear this up for you.

 

I do know the board had little experience, but the execs running the bank were seasoned. Can you cite examples of their “woke agenda”. What did they do, and be specific, that makes them “woke”.

 

What protections existed before big government got involved??

The answer, at least in part, is that there were real consequences to bankers and accountants who either mismanaged or committed fraud - jail time, or worse.

More than one sideways banker left town tarred and feathered while riding a pine rail. Still others never made it out of town - instead, they took up residence in the nearest tree swinging by the neck. So for these fellas, jail was definitely a lighter sentence.

Big, corrupt government now protects the fraudsters, and enriches them further by taking from posterity and from the poor.

The system is a house of cards - intentionally so; and, they will collapse it.

The leadership of both the Democrats and Republicans are fully onboard - so stop falling for the head fake.

There is an Establishment that operates above our government. The most visible component of the Establishment is the Federal Reserve, and the entire network of central banks throughout the world.

The only way to stop them is revolution.

 

If the system is a rigged house of cards why don't you welcome its collapse???

Why would anyone resist?

Is it because everyone knows that there is no plan to replace it? Because there is no alternative nor plot?

 

In California they have as many rights a citizen does. You as a citizen cannot report them for being illegal, or you will be arrested. Nor can you discriminate against them on hiring except in very narrow areas.

 

Both parties and Barney Franks helped deregulate Franks own Bill when he left government and went to work for a bank.

 

Of course there's a plan to replace it. They're going to force a digital system on us - a cashless society where central planners will control your every thought and action.

This will give them near total control of our society. They intend to use an ESG scoring system, a sort of woke credit score. They will be able to track your every purchase, and if you get out line, say the wrong pronoun, drive your car too much, eat too much meat, etc, they will limit your access to your money, or cut you off altogether.

They intend to regulate your thermostat, outlaw gas stoves, outlaw gas powered cars, force people to give up beef and pork - the wet dream wish list of the radical left.

It will take time to fully implement, but once they pull the plug on the current system, bringing the new system online should only take a few years I would think.

Full implementation, where things are running smoothly, is probably 10-15 years. When everyone has nothing, and work as serfs, but are happy for it.

Full implementation can only be realized after the last of the boomers die off, or more likely are killed off.

There will necessarily be some bloodshed and upheaval, as people who value their freedom will fight back - but I suspect once the endgame has begun, the Establishment won't hold back from using extreme violence against the citizenry.

I fully expect they will use military force against any dissidents. We The People don't have the resources, weaponry, training, or organization to fight them, so I'm sure the dissidents will be wiped away very quickly.

 

Lol, I just post my reply to you... I go to Foxnews, and this is the first story on their website.

San Francisco moves to ban gas stoves.

Welcome to the future

https://www.foxnews.com/politics/san-francisco-latest-dem-city-crack-down-gas-appliances

 

I can't help thinking we're just putting off a bigger economic crisis down the road:

 

Except crypto exists to puts all those illusions to rest. Heck the market is having a bounce back.
China banned crypto so they could do that very thing. Don't trust exchanges, keep it in your private storage. No one's giving away bitcoin....No one. Stuffs more valuable then gold.

 

The alternative has been here for more then a decade now.

 

None of that is true.

 

It may have not directly caused the crash, but was more of their main focus instead of financial health for years and probably contributed to mismanagement.

I am sure planning to spending $5 billion of investors money on their woke agenda instead of working on Financial securities didn't help. Reminds me of FTX.

Good luck on any of these morons finding a decent job elsewhere.

https://www.dailymail.co.uk/news/ar...-diversity-invested-5BN-healthier-planet.html

 

If the managers had put more time into managing the bank instead of focusing on Woke issues maybe investors wouldn't be screwed now. All managers involved should be charged and tried so we can get to the truth. They should not be given immunity so they can testify in front of congress "so "WE" can learn from this so it will never happen again" BS!

 

***********
Sorry Who, but it is unbelievable but true.
https://www.shrm.org/ResourcesAndTo...n-Law-Places-Employers-in-Tough-Position.aspx

• 
  This is from 2018, but it has been operational before that. This is California’s effort to keep the poor - mostly black and Asian - out of the workforce where they might start demanding higher wages, safety equipment, and better working conditions.

 

All due respect, but there is nothing here that shows any proof of the accusations. Woke has become the rights boogeyman, and now every problem in the world is because of “woke” policies, which nobody’s can seem to even show they exist. If the bank failed because of wokeism, then you would think they could find multiple examples of it, since they spend so much money on those policies, or hired “woke leadership and their would be examples of policies etc, that caused a multi-billion $$$ bank to fail ?

 

OK, then show us what policies, or what programs they used that caused the failure. Your claim, now show the proof.

 

@wist43

We've seen wist43's scenario. Now, why don't you describe what your alternative scenario is like?

 

Not my scenario wg, that's been the gameplan coming out of the WEF, think tanks, the Bildeberger Groups for decades.

It's not like "my scenario" is a secret.

My guess is you don't follow organizations like the WEF, World Bank, BIS, etc; but, the "scenario" I laid out for you has been in the works for decades - at least the economic plan.

What is mine are the scenarios in which they'll have to use force against anyone who won't go along.

I'm sure the use of force, false flags, war, etc, are more the topics discussed at the Bildeberger meetings.

The last Bildeberger and WEF meetings... they had 15,000 armed security protecting those a$$holes.

Representatives from China and Russia are always in attendance. Big corp, Big banks, politicians, military, etc.

I can guarentee you they are not exchanging recipes

 

What's there to pay attention to?

Those organizations are early 20th-century holdovers, run by old, out-of-touch men whose times have long since passed. Decorated with a thin veneer of young and diverse people as window dressing.

And when they get uppity and try to put their plans into action they and their simp politicians get the boot from everyday folks who know that their plans are unworkable and would lead to mass starvation and kill us all.

 

The Central Banks control the money supply worldwide, and they function as a cartel.

You do realize that The Federal Reserve is a private bank?? The U.S. Government does not control the Federal Reserve, the Federal Reserve controls the government.

And it is like that in every country. Everything is run thru BIS, the Central Bank for Central Bankers.

And you think these are a bunch of "old, out of touch men whose times have long since passed"??

The power behind the WEF, the Bildeberger Group, the UN, the World Bank, the IMF, the establishment of the EU, the money behind the Environmental movement, the money behind LBGTQALPHABETSOUP...

All of it springs from these "old, out of touch men".

The original Robber Barons may have established the Federal Reserve and Income Tax system 100 years ago, but the institutions they established have been passed down thru familial relations and blue-blood connected families ever since. The Rothschilds are still the richest family in the world - it isn't even close.