SVB is a "Woke bank" and SBV officials sold off (their) stock just before the collapse. "They’re a woke company ... and they’ll probably get away with it.”
Posted by freedomforall 1 year, 1 month ago to Business
"In a Sunday morning appearance on Fox News, Home Depot co-founder Bernie Marcus said that the bank’s collapse should be a “wake up” call for many Americans about the state of the U.S. economy.
“Maybe the American people will finally wake up and understand that we’re living in very tough times, that, in fact, that a recession may have already started. Who knows? But it doesn’t look good,” Marcus told the outlet.
He added: “I feel bad for all of these people that lost all their money in this woke bank. You know, it was more distressing to hear that the bank officials sold off their stock before this happened. It’s depressing to me. Who knows whether the Justice Department would go after them? They’re a woke company, so I guess not. And they’ll probably get away with it.”
“The Fed keeps raising rates and inflation keeps going in the wrong direction. It’s not staying where it should be. People are struggling. People can’t pay their bills. They can’t fill their tanks with gas. And if you think that’s a good sign, I don’t think it is. And we have an administration that’s obtuse to this. They just keep talking about the great times and how good it is. It’s not good,” Marcus told the outlet."
“Maybe the American people will finally wake up and understand that we’re living in very tough times, that, in fact, that a recession may have already started. Who knows? But it doesn’t look good,” Marcus told the outlet.
He added: “I feel bad for all of these people that lost all their money in this woke bank. You know, it was more distressing to hear that the bank officials sold off their stock before this happened. It’s depressing to me. Who knows whether the Justice Department would go after them? They’re a woke company, so I guess not. And they’ll probably get away with it.”
“The Fed keeps raising rates and inflation keeps going in the wrong direction. It’s not staying where it should be. People are struggling. People can’t pay their bills. They can’t fill their tanks with gas. And if you think that’s a good sign, I don’t think it is. And we have an administration that’s obtuse to this. They just keep talking about the great times and how good it is. It’s not good,” Marcus told the outlet."
This leaves them vulnerable to rapid changes in the climate of doing business such as we now see with the Fed's rapid, short-sighted interest rate dictates.
https://www.zerohedge.com/markets/fat...
because they knew they'd never have to take the losses. SVB was just an excuse to bail
out the bigger risks.
But the 'beef' is-
When company execs sell stock in the company they are acting on what they see and what they are doing, the name for that is insider trading. A federal crime and likely the same in California.
Several federal agencies should be supervising and prosecuting insider trading.
Only the Paul's are listening.
The traitors in the SCOTUS should have declared the fed (and all gun restrictions) unconstitutional long ago.
THEY aren't going to do what is necessary.
Which seems to be about 70 cents on the dollar. Guess who’s eating the 30 cents.
It’s a big ole shit sandwich. And we’re all gonna have to take a bite.
On another note.....this is what it looks like when WOKE Millennials run a bank.
It’s going to get a whole lot worse.
he finally retired, was on the bank's board
he was the last of anyone that could be considered a "Banker"
all that are left now are clueless types, like the local chief of police, not REAL Bankers with a clue about how a bank runs
But….We have a much much larger crisis looming. This liquidity problem stemmed from the rapid increase in interest rates by the FED in response to the high inflation. Those hikes in rates deflated the value of the banks treasury bonds. Bonds trade inversely to interest rates. We very well maybe witnessing just the start of a cascading collapse of the Deep States system of systems. More on that later.
Specific to the go woke go broke theme discussed by Mr. Markus . The head of the banks Risk management and risk model was working very hard on the Gay Pride parade according to her in the last month. Her Quailfications apprear to be that she’s not white and she likes to have sex with women or perhaps men that pretend to be a woman and to spread awareness of lived Queer experiences. What ever the FuQ that means.
We (MAGA) are at war with the SLGGPB cabal.
They have enslaved the world with their debt system. The Banks are one of their main weapons .You can’t defeat them without destroying the system of systems. Their system is cracking and we still have lots of ammo. Stay tuned. BTW side note Signature Bank canceled Trumps account with them because of J6 false flag. They stepped into Trumps quicksand and that does not go well for those that do.
Unfortunately, they are still in control two years after they should have been executed for treason.
I have zero confidence that the GOP will assist in returning liberty to the people.
Trump loyalists within the Freedom Caucus known as the 'MAGA Squad', which included Gosar, Greene, Gaetz, Comer, Mo Brooks, Andy Biggs, Scott Perry and Lauren Boebert. All current members… Caucus. There are at least 46 caucus members as of January 2023; those members include:
Alabama
Barry Moore (AL-2)[111]
Gary Palmer (AL-6)[112]
Arizona
Eli Crane (AZ-2)[113]
Andy Biggs (AZ-5)[114]
Debbie Lesko (AZ-8)[115]
Paul Gosar (AZ-9)[116]
Colorado
Lauren Boebert (CO-3) – Communications Chair[117]
Ken Buck (CO-4)[118]
Florida
Matt Gaetz (FL-1)[119]
Bill Posey (FL-8)[120]
Anna Paulina Luna (FL-13)[121]
Greg Steube (FL-17)[122]
Byron Donalds (FL-19)[123][124]
Georgia
Andrew Clyde (GA-9)[125]
Mike Collins (GA-10)[126]
Marjorie Taylor Greene (GA-14)[127]
Idaho
Russ Fulcher (ID-1)[128]
Illinois
Mary Miller (IL-15)[129]
Louisiana
Clay Higgins (LA-3)[130]
Mike Johnson (LA-4)[131]
Maryland
Andy Harris (MD-1)[132]
Montana
Matt Rosendale (MT-2)[133]
North Carolina
Greg Murphy (NC-3)[134]
Dan Bishop (NC-8)[135]
Ohio
Jim Jordan (OH-4) – Vice chair[136]
Warren Davidson (OH-8) – Whip[137]
Oklahoma
Josh Brecheen (OK-2)[113]
Pennsylvania
Scott Perry (PA-10) – Chair[138]
South Carolina
Jeff Duncan (SC-3)[139]
Ralph Norman (SC-5)[140]
Tennessee
Diana Harshbarger (TN-1)[141]
Scott DesJarlais (TN-4)[142]
Andy Ogles (TN-5)[113]
Mark E. Green (TN-7)[143]
Texas
Ronny Jackson (TX-13)[144]
Randy Weber (TX-14)[145]
Chip Roy (TX-21) – Policy Chair[146]
Troy Nehls (TX-22)[147]
Michael Cloud (TX-27)[148]
Virginia
Bob Good (VA-5)[149]
Ben Cline (VA-6)[150]
Morgan Griffith (VA-9)[151]
West Virginia
Alex Mooney (WV-2)[152] (retiring at the end of the 118th Congress to run for Senate)
Wisconsin
Tom Tiffany (WI-7)[153]
Wyoming
Harriet Hageman (WY-AL)[154]
Can I do anything about it?
No
Is it going to hurt me directly?
Possibly
Can I seek alternatives?
Usually
Can I find entertainment and point and laugh?
Most definitely!
So when I see idiocratic headlines like bank collapses the voice of Mary Poppins starts singing in my head.
Just a Spoonful of Sugar helps the medicine go down..
In the most delightful way.
We have learned nothing from 2008.
I know what I’m doing. I haven’t pulled a “paycheck” since January 6th. So they’re going to have a hard time getting it out of me.
Does you suppose being ESG compliant is all that mattered?
a year from now after they raise another $50 million from innocent investors (via typical lying by
Wall St. firms who profit only by lying.) None of them should be bailed out by Americans.
Left us working class slobs to pick up the tab. Again.
until the fed decided to to insure them (for those with more than $250,000
in accounts at SBV) yesterday.
The rats that bailed (selling their stock prior to the collapse,
that is, insider trading) were the company executives.
That would have been a normal time to do so in a financial institution,
but with the bank in difficulty, management should have been let go instead.
Under the 'woke' standard, even the failures get bonuses, I suppose.
Credit Suisse Group AG said it found “material weaknesses” in its reporting and control procedures for the past two years, after questions from US regulators last week.
This system of systems that the Satanic Luciferian Genocidal Peedo Globalist banking Cabal has been using it to enslave all in their debt and servitude is under greater pressure than ever in history. All around the Globe , In Lebanon, people are resorting to bank robbery to access their deposits ...
https://www.npr.org › 2022/12/17 › lebanon-economy-b...
Dec 17, 2022 — Lebanon's banks froze most accounts three years ago amid an economic collapse. This year, faced with increasingly desperate circumstances, ...
To Switzerland … The reported loss wiped out the SNB's distribution reserve of 102.5 billion francs, meaning the central bank posted a net loss of 39.5 billion francs after an allocation for provisions was taken into account.Mar 5, 2023
Swiss National Bank reports annual loss of 132.5 billion francs... - Reuters
But this is just the tip of the iceberg. Watch what happens to all the Eurodollars as the BRICS alternative to the petrodollar , picks up other countries.
Mexico applied in 2023.
Membership expansion proposals
Algeria, Argentina, Bahrain, Bangladesh, Belarus, Egypt, Indonesia, Iran, Nigeria, Pakistan, Saudi Arabia, Sudan, Syria, Turkey, the UAE, Venezuela and Zimbabwe have expressed interest in membership of BRICS .
With the Petrodollar All countries needed to settle oil purchases in dollars hence $61 trillion dollars that have been overseas held in reserves never to return home before .Now That money May come back to the US as Pennies.