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SVB Implosion
Comments
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Newsom is now the heavy favorite for the democrat nomination
He has what it takes -
H just lost interest
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No better time to issue equity like when your stock is down almost 10% this month.
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I did?RaceBannon said:H just lost interest
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See?
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I did?RaceBannon said:H just lost interest
your folks were first cousins?RaceBannon said:See?
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The Throbber got his money back and its being
laundered through Ukrainetransferred to a more conservative institution . Ka ching. Thanks,comradessuckers.
@UW_Doog_Bot may have a different economic take - but even though this outcome is personally advantageous, the law of unintended consequences will kick in.
Backstopping depositors funds, the government has given the banks a never-ending supply of coins for their fuckery.
By way of analogy, if a casino gambler KNEW he would always have his stake, he'd keep making riskier and riskier bets. Until such time that the risk of the bet far outweighed the reward which is essentially where SVB found itself.
amirite or no?
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You mean because Newsom hob nobs with the banking crowd? Stop the presses!RaceBannon said:
