SVB Implosion
Comments
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You're conflating two entirely different things. Newsom has nothing to do with depositors getting their money.HHusky said:
So you don't think depositors should be made whole and your reason is that Newsom was a depositor.RaceBannon said:
Yeah that's what I meanHHusky said:
You mean because Newsom hob nobs with the banking crowd? Stop the presses!RaceBannon said:
Retard
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Jesus, HH
Why do you cape for these people? The amount of water you carry for Gavin Newsome and Joe Biden has to be overwhelming😂 -
How does Gavin Newsom even enter into this? Who the fuck spends any time thinking about him?thechatch said:Jesus, HH
Why do you cape for these people? The amount of water you carry for Gavin Newsome and Joe Biden has to be overwhelming😂 -
You fucking idiot.HHusky said:
How does Gavin Newsom even enter into this? Who the fuck spends any time thinking about him?thechatch said:Jesus, HH
Why do you cape for these people? The amount of water you carry for Gavin Newsome and Joe Biden has to be overwhelming😂
He had personal monies tied up in the bank (asset) he was lobbying government to save.
If Trump was doing that you might shoot a cow out of that twat of yours.
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His tips from the Cock Pit bar might be there!46XiJCAB said:
Lobbies for bailout but doesn’t disclose his personal interest in SVB.HHusky said:
You mean because Newsom hob nobs with the banking crowd? Stop the presses!RaceBannon said:
Fuck off. -
has had personal accounts with Silicon Valley Bank for yearspawz said:
You fucking idiot.HHusky said:
How does Gavin Newsom even enter into this? Who the fuck spends any time thinking about him?thechatch said:Jesus, HH
Why do you cape for these people? The amount of water you carry for Gavin Newsome and Joe Biden has to be overwhelming😂
He had personal monies tied up in the bank (asset) he was lobbying government to save.
If Trump was doing that you might shoot a cow out of that twat of yours.
What part of "he's a depositor" did you misunderstand? -
No shit, Einstein.BleachedAnusDawg said:
Newsom has nothing to do with depositors getting their money.HHusky said:
So you don't think depositors should be made whole and your reason is that Newsom was a depositor.RaceBannon said:
Yeah that's what I meanHHusky said:
You mean because Newsom hob nobs with the banking crowd? Stop the presses!RaceBannon said:
Retard
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Carry that water like a good little boy
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So likeable, but without an original thought in her pretty little head.thechatch said:Carry that water like a good little boy
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Move over Joey, the Dazzler needs to give Gavin some of his special attention. Pathetic.
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You’re suggesting Newsome was in the right when he chose not to disclose his holdings at SVB while simultaneously using his power/influence to help secure bailout money for depositors?HHusky said:
So likeable, but without an original thought in her pretty little head.thechatch said:Carry that water like a good little boy
I mean I’m sure Oprah and Prince Harry are appreciative…. -
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Choka Choka Chip!PurpleThrobber said: -
PurpleThrobber said:
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?
I'm generally against moral hazard.
Unsurprisingly Joey fucked this all up and took a non-issue and made it a huge issue. I'm sure his elite donors are appreciative though.
Is there a doubt from anyone other than @HHusky this was done along partisan lines?
