Get woke, go broke, SVB style
Get woke, go broke, SVB style
Probably people have seen this story. If you made this stuff up it would just seem cheesy and silly.
https://www.dailymail.co.uk/news/articl ... l?EdNo=002
https://www.dailymail.co.uk/news/articl ... l?EdNo=002
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- Elite Upper Class Poster
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Re: Get woke, go broke, SVB style
The link no longer works, so here is a substitute:
https://www.zerohedge.com/markets/fatal ... t-programs
Personally I think all Silicon Valley firms should hire black lesbians to manage their finances.
https://www.zerohedge.com/markets/fatal ... t-programs
Personally I think all Silicon Valley firms should hire black lesbians to manage their finances.
- Natural_Born_Cynic
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Re: Get woke, go broke, SVB style
No wonder why. Those black female lesbians couldn't manage other people's money.
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Re: Get woke, go broke, SVB style
Lol, you people are so stupid. The article was removed from the daily mail because it was completely incorrect and stupid. This woman had no say in what was happening at the California headquarters. She was situated in the United Kingdom and only oversaw a few accts in Europe. The article screams woke while conveniently ignoring that it was a change by Congress signed years ago by Trump and Republicans that allowed this bank to avoid the enhanced oversight normally required post 2008. This really has zero to do with being "woke". They failed because their funding book was mismatched and they did not use the futures market to mitigate their interest rate exposure. They incurred mark-to-market losses on their Treasury portfolio, held too many assets with variable interest rates, and failed to anticipate the Fed's tightening pace. Instead of bolstering their equity base, they waited because they feared dilution, and when the ratings agencies began to take notice, word escaped that SVB was in talks with Goldman about an equity raise. $48bn of deposits left the bank in two days. In short, the run on the bank was precipitated by the sale of $21 billion in low interest rate bonds at a loss of $1.8 billion last week and the failure to secure emergency liquidity before venture capital firms, the bank's largest deposit holders, started to get nervous.
Who do you blame? old white guy: https://en.wikipedia.org/wiki/Gregory_W._Becker
Who do you blame? old white guy: https://en.wikipedia.org/wiki/Gregory_W._Becker
I am an absolute visionary and a philosopher king
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Re: Get woke, go broke, SVB style
While you aren't a black lesbian, I would gladly support you as CFO for any Silicon Valley firm since you would undoubtedly bankrupt your firm. I mean what does the futures market have to do with interest rate exposure? Nothing. And 10 year treasuries are fixed interest rate, not variable rate, and that was the problem. Yes the old white guy was ultimately responsible, but the fact that he had woke positions filled while risk management wasn't filled illustrates the core problem. Silicon Valley is totally corrupt, and relies primarily on corruption instead of competence for success. The woke bullshit is basically just virtue signaling to demonstrate that these companies value corruption over competence, so they can be trusted by the elite to always side with the corrupt.GerardButler wrote: ↑March 14th, 2023, 12:36 pmLol, you people are so stupid. The article was removed from the daily mail because it was completely incorrect and stupid. This woman had no say in what was happening at the California headquarters. She was situated in the United Kingdom and only oversaw a few accts in Europe. The article screams woke while conveniently ignoring that it was a change by Congress signed years ago by Trump and Republicans that allowed this bank to avoid the enhanced oversight normally required post 2008. This really has zero to do with being "woke". They failed because their funding book was mismatched and they did not use the futures market to mitigate their interest rate exposure. They incurred mark-to-market losses on their Treasury portfolio, held too many assets with variable interest rates, and failed to anticipate the Fed's tightening pace. Instead of bolstering their equity base, they waited because they feared dilution, and when the ratings agencies began to take notice, word escaped that SVB was in talks with Goldman about an equity raise. $48bn of deposits left the bank in two days. In short, the run on the bank was precipitated by the sale of $21 billion in low interest rate bonds at a loss of $1.8 billion last week and the failure to secure emergency liquidity before venture capital firms, the bank's largest deposit holders, started to get nervous.
Who do you blame? old white guy: https://en.wikipedia.org/wiki/Gregory_W._Becker
Re: Get woke, go broke, SVB style
The Fed raised interest rates which devalues ongoing bonds held buy the banks. The Fed raised interest rates to curtail inflation, but then it puts the entire banking system at risk. In other words, they are further and further boxed into a corner until there is no more controls and then the system collapses. Capitalism is an unsustainable system and has to eventually collapse.
Re: Get woke, go broke, SVB style
Yes, but in the short term there are things could have been done. For example, SVB could have realized their exposure to future rising interest rates and so sold some of their long term bonds and bought assets that would appreciate with higher interest. This would have happened had they had a real risk management officer rather that a stupid dysgenic pervert.MrPeabody wrote: ↑March 14th, 2023, 1:38 pmThe Fed raised interest rates which devalues ongoing bonds held buy the banks. The Fed raised interest rates to curtail inflation, but then it puts the entire banking system at risk. In other words, they are further and further boxed into a corner until there is no more controls and then the system collapses. Capitalism is an unsustainable system and has to eventually collapse.
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Re: Get woke, go broke, SVB style
Capitalism has nothing to do with it. One could easily design a sustainable capitalistic system that outlaws interest (by not enforcing contracts containing interest).MrPeabody wrote: ↑March 14th, 2023, 1:38 pmThe Fed raised interest rates which devalues ongoing bonds held buy the banks. The Fed raised interest rates to curtail inflation, but then it puts the entire banking system at risk. In other words, they are further and further boxed into a corner until there is no more controls and then the system collapses. Capitalism is an unsustainable system and has to eventually collapse.
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Re: Get woke, go broke, SVB style
Lol, you dumbfschmidt wrote: ↑March 14th, 2023, 1:07 pmWhile you aren't a black lesbian, I would gladly support you as CFO for any Silicon Valley firm since you would undoubtedly bankrupt your firm. I mean what does the futures market have to do with interest rate exposure? Nothing. And 10 year treasuries are fixed interest rate, not variable rate, and that was the problem. Yes the old white guy was ultimately responsible, but the fact that he had woke positions filled while risk management wasn't filled illustrates the core problem. Silicon Valley is totally corrupt, and relies primarily on corruption instead of competence for success. The woke bullshit is basically just virtue signaling to demonstrate that these companies value corruption over competence, so they can be trusted by the elite to always side with the corrupt.GerardButler wrote: ↑March 14th, 2023, 12:36 pmLol, you people are so stupid. The article was removed from the daily mail because it was completely incorrect and stupid. This woman had no say in what was happening at the California headquarters. She was situated in the United Kingdom and only oversaw a few accts in Europe. The article screams woke while conveniently ignoring that it was a change by Congress signed years ago by Trump and Republicans that allowed this bank to avoid the enhanced oversight normally required post 2008. This really has zero to do with being "woke". They failed because their funding book was mismatched and they did not use the futures market to mitigate their interest rate exposure. They incurred mark-to-market losses on their Treasury portfolio, held too many assets with variable interest rates, and failed to anticipate the Fed's tightening pace. Instead of bolstering their equity base, they waited because they feared dilution, and when the ratings agencies began to take notice, word escaped that SVB was in talks with Goldman about an equity raise. $48bn of deposits left the bank in two days. In short, the run on the bank was precipitated by the sale of $21 billion in low interest rate bonds at a loss of $1.8 billion last week and the failure to secure emergency liquidity before venture capital firms, the bank's largest deposit holders, started to get nervous.
Who do you blame? old white guy: https://en.wikipedia.org/wiki/Gregory_W._Becker
I am an absolute visionary and a philosopher king
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Re: Get woke, go broke, SVB style
Lol @ https://fortune.com/2023/03/10/silicon- ... k-officer/ dumb as rockCornfed wrote: ↑March 14th, 2023, 1:44 pmYes, but in the short term there are things could have been done. For example, SVB could have realized their exposure to future rising interest rates and so sold some of their long term bonds and bought assets that would appreciate with higher interest. This would have happened had they had a real risk management officer rather that a stupid dysgenic pervert.MrPeabody wrote: ↑March 14th, 2023, 1:38 pmThe Fed raised interest rates which devalues ongoing bonds held buy the banks. The Fed raised interest rates to curtail inflation, but then it puts the entire banking system at risk. In other words, they are further and further boxed into a corner until there is no more controls and then the system collapses. Capitalism is an unsustainable system and has to eventually collapse.
I am an absolute visionary and a philosopher king
Re: Get woke, go broke, SVB style
She's also kind of nice-looking for a woke lesbian.
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Re: Get woke, go broke, SVB style
Yaa but then you would have to outlaw the Jews and God would not tolerate treating his children like that.. He would be forced to strike all the Goy dead on the spot and then the Jews would inherit the earth but they would have no slaves to boss around and rip off and kill and rape their children so what fun would that be for God's people ?...fschmidt wrote: ↑March 14th, 2023, 1:46 pmCapitalism has nothing to do with it. One could easily design a sustainable capitalistic system that outlaws interest (by not enforcing contracts containing interest).MrPeabody wrote: ↑March 14th, 2023, 1:38 pmThe Fed raised interest rates which devalues ongoing bonds held buy the banks. The Fed raised interest rates to curtail inflation, but then it puts the entire banking system at risk. In other words, they are further and further boxed into a corner until there is no more controls and then the system collapses. Capitalism is an unsustainable system and has to eventually collapse.
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Re: Get woke, go broke, SVB style
Yaa Mr.Peabody, for the smartest entity to ever live you seem to have alot to learn. The BANKS usury is causing this entire system to go down.MrPeabody wrote: ↑March 14th, 2023, 1:38 pmThe Fed raised interest rates which devalues ongoing bonds held buy the banks. The Fed raised interest rates to curtail inflation, but then it puts the entire banking system at risk. In other words, they are further and further boxed into a corner until there is no more controls and then the system collapses. Capitalism is an unsustainable system and has to eventually collapse.
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Re: Get woke, go broke, SVB style
Isn't that what Islam banking already does?fschmidt wrote: ↑March 14th, 2023, 1:46 pmCapitalism has nothing to do with it. One could easily design a sustainable capitalistic system that outlaws interest (by not enforcing contracts containing interest).MrPeabody wrote: ↑March 14th, 2023, 1:38 pmThe Fed raised interest rates which devalues ongoing bonds held buy the banks. The Fed raised interest rates to curtail inflation, but then it puts the entire banking system at risk. In other words, they are further and further boxed into a corner until there is no more controls and then the system collapses. Capitalism is an unsustainable system and has to eventually collapse.
The interest rates are connected with capitalism. Interest rates give the flexibility allowing for the maximum expansion of growth and greed. Without interest rates, their values would have to totally change, which would be opposed by every current capitalist.
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Re: Get woke, go broke, SVB style
Mr. Peabody your stage 4 doggie dementia is kicking in hard,MrPeabody wrote: ↑March 14th, 2023, 5:53 pmIsn't that what Islam banking already does?fschmidt wrote: ↑March 14th, 2023, 1:46 pmCapitalism has nothing to do with it. One could easily design a sustainable capitalistic system that outlaws interest (by not enforcing contracts containing interest).MrPeabody wrote: ↑March 14th, 2023, 1:38 pmThe Fed raised interest rates which devalues ongoing bonds held buy the banks. The Fed raised interest rates to curtail inflation, but then it puts the entire banking system at risk. In other words, they are further and further boxed into a corner until there is no more controls and then the system collapses. Capitalism is an unsustainable system and has to eventually collapse.
The interest rates are connected with capitalism. Interest rates give the flexibility allowing for the maximum expansion of growth and greed. Without interest rates, their values would have to totally change, which would be opposed by every current capitalist.
Last edited by Moretorque on March 15th, 2023, 6:21 am, edited 1 time in total.
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