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Silicon Valley Bank shut down by regulators

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Dashinka Grand Master

Dashinka   24,494

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Ahh, now we know.  This was all Trump’s fault.

 

Biden says Silicon Valley Bank managers should be FIRED over collapse and defends his response: Says money is safe, taxpayers won't cover losses and blames Trump for rolling back regulations
 

https://www.dailymail.co.uk/news/article-11853729/Biden-says-Silicon-Valley-Bank-managers-FIRED-collapse-defends-response.html

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yuna628
yuna628

Hearing that this bank was holding money for a big payroll company so now people at big firms (saw it was some tech and biohealth tech) aren't going to get a paycheck.

Dashinka
Dashinka

But it is OK as they replaced the risk officer with a diversity officer.  Come on Man! what is more important?

Dashinka
Dashinka

I hope no one here was impacted.   Silicon Valley Bank shut down by regulators https://www.foxbusiness.com/markets/silicon-valley-bank-shut-down-regulators-fdic  

Boiler Grand Master

Boiler   45,494

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The Banks aka the Bank Customers will pay, so who are they?

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”

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LIBrty4all Experienced

LIBrty4all   3,749

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1 hour ago, Dashinka said:

Ahh, now we know.  This was all Trump’s fault.

 

Biden says Silicon Valley Bank managers should be FIRED over collapse and defends his response: Says money is safe, taxpayers won't cover losses and blames Trump for rolling back regulations
 

https://www.dailymail.co.uk/news/article-11853729/Biden-says-Silicon-Valley-Bank-managers-FIRED-collapse-defends-response.html

What regulations did Trump roll back?

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Boiler Grand Master

Boiler   45,494

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https://www.cnn.com/business/live-news/silicon-valley-bank-collapse-updates-03-13-23/index.html

 

Bank stocks plummet as Biden tries to rally confidence

“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.”

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TBoneTX Grand Master

TBoneTX   45,288

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1 minute ago, Boiler said:

Biden tries to rally confidence

Talk about the most futile effort ever, on any topic.

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Dashinka Grand Master

Dashinka   24,494

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Go woke, go broke.  Gotta keep that ESG score in good standing.

 

Go woke go broke! SVB hired board obsessed with diversity, invested $5BN for 'healthier planet' and held month-long Pride celebration - but had NO chief risk officer for eight months last year
 

https://www.dailymail.co.uk/news/article-11854497/SVB-hired-woke-board-obsessed-diversity-invested-5BN-healthier-planet.html

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TBoneTX Grand Master

TBoneTX   45,288

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36 minutes ago, Dashinka said:

had NO chief risk officer for eight months last year

Uh, can anyone say, "abandoning their fiduciary responsibility"?

06-04-2007 = TSC stamps postal return-receipt for I-129f.

06-11-2007 = NOA1 date (unknown to me).

07-20-2007 = Phoned Immigration Officer; got WAC#; where's NOA1?

09-25-2007 = Touch (first-ever).

09-28-2007 = NOA1, 23 days after their 45-day promise to send it (grrrr).

10-20 & 11-14-2007 = Phoned ImmOffs; "still pending."

12-11-2007 = 180 days; file is "between workstations, may be early Jan."; touches 12/11 & 12/12.

12-18-2007 = Call; file is with Division 9 ofcr. (bckgrnd check); e-prompt to shake it; touch.

12-19-2007 = NOA2 by e-mail & web, dated 12-18-07 (187 days; 201 per VJ); in mail 12/24/07.

01-09-2008 = File from USCIS to NVC, 1-4-08; NVC creates file, 1/15/08; to consulate 1/16/08.

01-23-2008 = Consulate gets file; outdated Packet 4 mailed to fiancee 1/27/08; rec'd 3/3/08.

04-29-2008 = Fiancee's 4-min. consular interview, 8:30 a.m.; much evidence brought but not allowed to be presented (consul: "More proof! Second interview! Bring your fiance!").

05-05-2008 = Infuriating $12 call to non-English-speaking consulate appointment-setter.

05-06-2008 = Better $12 call to English-speaker; "joint" interview date 6/30/08 (my selection).

06-30-2008 = Stokes Interrogations w/Ecuadorian (not USC); "wait 2 weeks; we'll mail her."

07-2008 = Daily calls to DOS: "currently processing"; 8/05 = Phoned consulate, got Section Chief; wrote him.

08-07-08 = E-mail from consulate, promising to issue visa "as soon as we get her passport" (on 8/12, per DHL).

08-27-08 = Phoned consulate (they "couldn't find" our file); visa DHL'd 8/28; in hand 9/1; through POE on 10/9 with NO hassles(!).

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Dashinka Grand Master

Dashinka   24,494

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9 hours ago, TBoneTX said:

Uh, can anyone say, "abandoning their fiduciary responsibility"?

But it is OK as they replaced the risk officer with a diversity officer.  Come on Man! what is more important?

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LIBrty4all Experienced

LIBrty4all   3,749

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10 hours ago, Dashinka said:

Go woke, go broke.  Gotta keep that ESG score in good standing.

 

Go woke go broke! SVB hired board obsessed with diversity, invested $5BN for 'healthier planet' and held month-long Pride celebration - but had NO chief risk officer for eight months last year
 

https://www.dailymail.co.uk/news/article-11854497/SVB-hired-woke-board-obsessed-diversity-invested-5BN-healthier-planet.html

DeSantis is about to remove DEI/ESG from Florida.  Love that guy!

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Dashinka Grand Master

Dashinka   24,494

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Cringeworthy is putting it lightly.

 

 

Edited by Dashinka

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Dashinka Grand Master

Dashinka   24,494

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More of the story.

 

REVEALED: Only ONE member of failed SVB's board had a career in investment banking - and the rest were Obama, Clinton mega-donors who 'grieved' when Trump won including one who went to Shinto shrine 'to pray'
 

https://www.dailymail.co.uk/news/article-11859379/Only-ONE-member-failed-SVBs-board-experience-investment-banking.html

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Nature Boy 2.0 Veteran

Nature Boy 2.0   8,370

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13 hours ago, LIBrty4all said:

DeSantis is about to remove DEI/ESG from Florida.  Love that guy!

#Metoo

Edited by Nature Boy 2.0
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TBoneTX Grand Master

TBoneTX   45,288

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5 hours ago, Dashinka said:

Only ONE member of failed SVB's board had a career in investment banking - and the rest were Obama, Clinton mega-donors who 'grieved' when Trump won

Then they deserve all that they're getting, and more.

06-04-2007 = TSC stamps postal return-receipt for I-129f.

06-11-2007 = NOA1 date (unknown to me).

07-20-2007 = Phoned Immigration Officer; got WAC#; where's NOA1?

09-25-2007 = Touch (first-ever).

09-28-2007 = NOA1, 23 days after their 45-day promise to send it (grrrr).

10-20 & 11-14-2007 = Phoned ImmOffs; "still pending."

12-11-2007 = 180 days; file is "between workstations, may be early Jan."; touches 12/11 & 12/12.

12-18-2007 = Call; file is with Division 9 ofcr. (bckgrnd check); e-prompt to shake it; touch.

12-19-2007 = NOA2 by e-mail & web, dated 12-18-07 (187 days; 201 per VJ); in mail 12/24/07.

01-09-2008 = File from USCIS to NVC, 1-4-08; NVC creates file, 1/15/08; to consulate 1/16/08.

01-23-2008 = Consulate gets file; outdated Packet 4 mailed to fiancee 1/27/08; rec'd 3/3/08.

04-29-2008 = Fiancee's 4-min. consular interview, 8:30 a.m.; much evidence brought but not allowed to be presented (consul: "More proof! Second interview! Bring your fiance!").

05-05-2008 = Infuriating $12 call to non-English-speaking consulate appointment-setter.

05-06-2008 = Better $12 call to English-speaker; "joint" interview date 6/30/08 (my selection).

06-30-2008 = Stokes Interrogations w/Ecuadorian (not USC); "wait 2 weeks; we'll mail her."

07-2008 = Daily calls to DOS: "currently processing"; 8/05 = Phoned consulate, got Section Chief; wrote him.

08-07-08 = E-mail from consulate, promising to issue visa "as soon as we get her passport" (on 8/12, per DHL).

08-27-08 = Phoned consulate (they "couldn't find" our file); visa DHL'd 8/28; in hand 9/1; through POE on 10/9 with NO hassles(!).

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