Im not a proponent of bailing out banks. The issue I am connfronted with are innocent deposit holders. Should they lose their deposits? I dont think so. They made no bets. Letting those deposit holders lose their money would cause a run on yhe banks.
The recent bank bailouts —
- Thread starter Innervoice
- Start date
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IT'S a complex subject;
i would be surprised if the SVB managers dont get punished\clawbacked for their bad bond trades + mismanagement\woke+broke bad plan.
But back to your question, most insurance companies are a bit generous when it come to payouts+ that can be a good thing.
To paraphrase my banker dad;
i maybe cant stop stupid SVB woke broke\bank managers + thier bad bond trades;
but i + FDIC, + gov + courts can make them wish they never did that broke= woke\ stupid stuff LOL.....................................................................................
I like what Larry ''Mint'' Hite's teacher-bank examiner said as a cutting edge joke\ after a bank audit '' GOT YOU!! The crooked bank President had a heart attack, Did redo on the bank audit; found out the president had embezzled $75, 000
There is a new breed of woke risk-managers that are now entering the work-force from the Millennial generation. As can be seen from these geniuses at Alameda... very little of risk-managing had anything to do with math, or even RISK.
Why should bank risk-management be any different than for crypto trading platforms. Trying to mitigate losses through currency hedges is just wasting the bonus money baby!
Why should bank risk-management be any different than for crypto trading platforms. Trying to mitigate losses through currency hedges is just wasting the bonus money baby!
They made no bets but apparently don't understand what $250,000 of FDIC protection is. Is $250,000 a synonym for $infinity? If not then they got a bail out. Its very simple.
How about those idiots at Roku? Do you think they know the difference between $486 million & $250,000? It appears they are too stupid to know.
roku is shocking. They left like 50mm on the table. The CFO there didn’t do his job. The CFO of Roku was reportedly taking his kids to drag shows.
but I’m Pretty sure woke has nothing to do with the risk management at SIVB. Woke is a conservative media story made up to distract from deregulation under the Republican led congress and trump that gave SIVB enough rope to hang all of America.
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Could be;
but if they claw back all the ill gotten gains from the crooked woke=broke bank managers.
Then its a good move whatever you call it;
+ a wooden but correct '' $250k math whiz, sarcasm'' could wreck the banking system, but @ least you got the bail out definition right,huh, Nitrene ??
Payday is not always on friday. Bunker Hunt got gov slammed + bankrupted some years later after the silver crooked corner.
So the FDIC insurance types had to do more than just blindly follow a ''yellow 250k sticker''
Thanks for your comment + thank God you dont work @ FDIC.