Not at all, because there would still be a dem mayor, governor or someone from a previous gov't they can blame.
Another Bank collapse! No Wonder why! Meet the Head of investment!
- Thread starter Addict2sex
- Start date
You still don't see how Biden's inflation is stressing the financial system? ROTFLMFAO!
Diversity Equity Inclusion is a danger to our health and well being. Anyone notice what's been happening in our skies with the airline industry. It's just a matter of time...
Nobody really reads what Addy posts, well, except may be you. LOL, It is more enjoyable to sit in a room with a young lady scratching the chalkboard.What about this article that @Addict2sex posted?? It's seems that this chick, was a Janet Yellen appointee?? Mary Daly was too busy playing politics and pushing woke agendas, too properly regulate SVB.
Why woke ‘Frisco Fed chief missed Silicon Valley Bank’s warning signs
Wokeness has replaced competence and merit across the banking sector, and San Francisco Fed Chief Mary Daly is the poster child of this pernicious trend.nypost.com
Inflation is global.
If you blame Biden for high US inflation you would therefore need to cheer for Trudeau's lower and declining inflation.
Inflation is the result of monetary policies.
JC, inflation is throughout the Western world. So if it's "Biden's inflation", it's also Tory Rishi Sunak's inflation in the UK and Macron's inflation in France, etc. etc.
Taking every challenge that is facing every Western country and blaming Biden is stupid. You've been doing this for a while and this is one of the many reasons that no one takes your comments seriously any more.
It's no surprise the wokies/lefties/virtue signalers deny any culpability for the fuck-ups that are SVB, Signature and First Republic.
Fact: Those banks are all HQ in Democratic cities (San Fran and NYC) in Democratic states (California and NY) and under a Democratic President.
Fact: Those banks are all HQ in Democratic cities (San Fran and NYC) in Democratic states (California and NY) and under a Democratic President.
Actually, excusing our "leaders" is stupid. UK, France, Canada, US and many others followed very similar and often the same policies of printing and dumping. You lefties have a serious problem with hearing unvarnished reality because you've been infected with a virus 100x worse than Covid-19- moronic ideology.
Fact: Bear Stearns, Lehmann Brothers and many others were headquartered in NYC and failed under a Republican President. I don't see any righties let lining up to take responsibility for the 2008 financial crisis. The CEO's of those banks certainly did very well for themselves.
To blame wokeism or whatever "ism" is trendy right now is just plain stupid. I guess in your world, businesses only fail when wokeism is involved. As if no businesses failed before.
Banks in the US are federally regulated. The mismatch of assets/liabilities etc did not begin under this president. The ability of the lemmings on this board to dream up ways in which to blame dems is really quite hilarious. I remember when wokeism cuased the tea pot dome scandal.
The reality is that businesses fail for lots of reasons sometimes outside their control and after a series of decisions. Not that many people on this board would know how a business works as they've never managed let alone built one before.
The ability to blame Dems is not hilarious. It's sad that people have no reading or thinking capacity and parrot what they read for 2 seconds on Twitter.
The facts are the recent failed US banks were all run by radical left rainbow haired marxist lunatics. Democrats.
The Regulators can only take over these banks in extenuating circumstances to protect the clients deposits in the case of a bank failure.Actually the Feds can do whatever they want. They took over SVB and Signature bank.
Otherwise, if there are no strict Regulations like it was eased off in 2018, then all they can do is raise the red flags like they did six times!!
They can intervene whenever they want
III Regulatory Intervention: Common Issues
Abstract Regulatory intervention includes all action taken by the bank regulator with respect to a bank in response to continuing violations of prudential law (banking law, implementing regulations, etc.) on the part of that bank. Thereby, the bank regulator intervenes directly or indirectly in...
www.elibrary.imf.org
They can only intervene if there was a violation of the law or some extenuating circumstances. Are you reading what you are posting? They cannot intervene unless the law is broken. SVB did not break any laws or violate any regulations. They made very poor choices!!They can intervene whenever they want
III Regulatory Intervention: Common Issues
Abstract Regulatory intervention includes all action taken by the bank regulator with respect to a bank in response to continuing violations of prudential law (banking law, implementing regulations, etc.) on the part of that bank. Thereby, the bank regulator intervenes directly or indirectly in...
There is lots of blame to go around and ultimaletly it will be determined where the blame lies. At the moment it is unclear.
Well weren't these extenuating circumstances? Looks that way to me. They just missed it
That is why in one of my posts I stated that we have to wait until the end of May to get the whole picture!!
Again legally at the moment it did not look like SV Banks broke any laws. No one is accusing them of it. If they did like money laundering or some illegal tactics, then yes the Regulators did have every right to intervene. Of course it did not look like it when all they did was to raise the red flags with the manner in which SVB had too many eggs in one basket!!
Anyway, I am glad that we agree that there should be more stringent Regulations that Biden is now trying to implement!!
