Trump-Era Deregulation Deemed a Key Culprit in the Failure of Silicon Valley Bank

[YDB95]

Because he didn't do shit except play golf, let protective policies deteriorate and keep rich motherfuckers in their bags. You wanna lick his balls for that, then refresh your tongue with a glass of water and polish your kneepads.

If it's Trump, maybe make it a glass of Diet Coke. I hear he likes that.

 

[phrodeau]

Actually defining a woman is terrifyingly difficult. So can you actually define a female?

They’re the ones who, when they cross dress, are called drag kings.

 

[rainsol]

No, you simple bastard. It's red-state hillbillies who are catching fentanyl vapors -- your brethren. We're blaming your people for their deaths, not Trump.

Yes the constitution is very simple dude, the trouble is you weed induced addicts have moved on to more dangerous drugs and dont even know it. Enjoy your life in your parents basement guy and hope the sloppy joes of the world dont run out of ink and true patriots dont find you.

 

[rainsol]

There's a laundry list of things you can directly blame Cheeto for. You wanna know why?

Because he didn't do shit except play golf, let protective policies deteriorate and keep rich motherfuckers in their bags. You wanna lick his balls for that, then refresh your tongue with a glass of water and polish your kneepads.


What's the Pubs' answer? Calling everything they don't like "woke?" I completely forgot what you mooks were about before butchering that word.


The Dems can define female just fine. There are Pubs who think a woman's body can shut down pregnancy from rape.

Also, remind everyone which team is having useless conniptions over drag queens out of the blue when there wasn't a problem before. Even when members of your own party enjoy doing it on the down low.

Trumps kids dont pay him 50000 a month for rent for a house in Delaware,,,how do you spell money laundering and political corruption...Bidenista

 

[ll74]

Trumps kids dont pay him 50000 a month for rent for a house in Delaware,,,how do you spell money laundering and political corruption...Bidenista

Somebody should reread what they posted.

 

[ll74]

I am crossposting this as it's relevant. Ezra Klein discussing SVB and Signature Bank collapse. I found it incredibly interesting.

For example, the 2008 bank bailout actually resulted in a profit for the government. And the bailout of SVB is not really a bailout.

https://forum.literotica.com/threads/shove-it-in-your-pod.1574269/post-96600750

 

[DeluxAuto]

Yes the constitution is very simple dude, the trouble is you weed induced addicts have moved on to more dangerous drugs and dont even know it. Enjoy your life in your parents basement guy and hope the sloppy joes of the world dont run out of ink and true patriots dont find you.

What?

 

[Sean Renaud]

Yes the constitution is very simple dude, the trouble is you weed induced addicts have moved on to more dangerous drugs and dont even know it. Enjoy your life in your parents basement guy and hope the sloppy joes of the world dont run out of ink and true patriots dont find you.

The Constitution is so simple everybody ignores it because it doesn't address modern problems. You literally cannot be addicted to weed it doesn't work that way and no most have not moved onto more dangerous drugs. True Patriots? You mean nut jobs.

Still haven't described a woman. You can't do it either can you?

 

[IrezumiKiss]

Trumps kids dont pay him 50000 a month for rent for a house in Delaware,,,how do you spell money laundering and political corruption...Bidenista

Ohhhhh...I see now.

you don't actually have a point to express...you're yapping.

https://media4.giphy.com/media/65os7odbIW6pa/giphy.gif?cid=6c09b952dkfx2k8fgqpcq73pqtvprjiur9cb0jziy7f7hcqe&rid=giphy.gif&ct=g

I keep forgetting all the second and third-string bencher schmucks were called up this week.

 

[BabyBoomer50s]

Now that 8 days have passed since this thread was started, those who have been following the circumstances surrounding SVB, Signature, and now First Republic and Credit Suisse understand the subject line and core assertion of this thread is groundless. The S.2155 2018 legislation that exempts banks under $250 billion from the liquidity coverage ratio was not the cause of these bank failures. The claim made by Senator Warren and a few other left wingers is not grounded in fact.

Those of use following the SVB and Signature Bank stories understand why they failed. For those who may still be clinging to Warren’s debunked theory, the Bank Policy Institute provides a two nice summaries that set the record straight.

BPI Statement on SVB and Signature Bank - Bank Policy Institute

Silicon Valley Bank Would Have Passed The Liquidity Coverage Ratio Requirement - Bank Policy Institute

 

[icanhelp1]

Now that 8 days have passed since this thread was started, those who have been following the circumstances surrounding SVB, Signature, and now First Republic and Credit Suisse understand the subject line and core assertion of this thread is groundless. The S.2155 2018 legislation that exempts banks under $250 billion from the liquidity coverage ratio was not the cause of these bank failures. The claim made by Senator Warren and a few other left wingers is not grounded in fact.

Those of use following the SVB and Signature Bank stories understand why they failed. For those who may still be clinging to Warren’s debunked theory, the Bank Policy Institute provides a two nice summaries that set the record straight.

BPI Statement on SVB and Signature Bank - Bank Policy Institute

Silicon Valley Bank Would Have Passed The Liquidity Coverage Ratio Requirement - Bank Policy Institute

 

[icanhelp1]

What I find very interesting is the clientele that deposited in SVC. Most were progressive democrats that donated tons of money to the DNC machine. Many venture capitalists pushing non profitable green energy startups and IPOs that couldn’t make money and folded like a cheap suit. Silicon Valley is the richest property on the planet. I find it quite interesting that Biden and his merry band of idiots are going to save these venture capitalists to include Chinese depositors. This is nothing more than Biden taking care of his DNC depositors, shoring up his 2024 money machine.

 

[lazy_literotic]

What I find very interesting is the clientele that deposited in SVC. Most were progressive democrats that donated tons of money to the DNC machine. Many venture capitalists pushing non profitable green energy startups and IPOs that couldn’t make money and folded like a cheap suit. Silicon Valley is the richest property on the planet. I find it quite interesting that Biden and his merry band of idiots are going to save these venture capitalists to include Chinese depositors. This is nothing more than Biden taking care of his DNC depositors, shoring up his 2024 money machine.

you don't know any of that stuff happened.
that idiot couldn't put two words together for the reason for deregulation.
just like he undid the Paris climate, the Iran nuke deal.
all those things took years by very smart people to develop - and he just undoes them willynilly shit.
way easier to undo things than it is to build.
fortunately he wasn't able to undo the Obamacare.

 

[BabyBoomer50s]

What I find very interesting is the clientele that deposited in SVC. Most were progressive democrats that donated tons of money to the DNC machine. Many venture capitalists pushing non profitable green energy startups and IPOs that couldn’t make money and folded like a cheap suit. Silicon Valley is the richest property on the planet. I find it quite interesting that Biden and his merry band of idiots are going to save these venture capitalists to include Chinese depositors. This is nothing more than Biden taking care of his DNC depositors, shoring up his 2024 money machine.

Several commentators have suggested that if this situation had happened at a mid-sized bank in Houston that catered primarily to oil and gas startups, the Biden administration would not have treated it the same way its treating SVB and Signature. They’re probably right.

 

[Lazaran]

What a fool (BabyBoobs) believes.

The corrupt orange traitor’s / republican’s deregulation allowed for SVB to become the cesspool that it was.

SVB (and others like it) likely never becomes a $212 Billion behemoth capable of threatening the entire system without the corrupt orange traitor’s / republican’s deregulation.

Secondly: the reports BabyBoobs provided do not rule out the possibility that mandated reviews under pre- corrupt orange traitor’s / republican’s deregulation would have caught SVB early on in it’s corrupt risk management practices. The article says it is POSSIBLE that SVB could have passed the Federal Reserve’s mandatory LCR review. - And they would have had to pass it every year for five years.

Of course that ^ would have required the Fed to actually conduct oversight, which was also systematically discouraged by the corrupt orange traitor and republicans.

The contention that SVB’s own internal oversight was more stringent than a mandated and properly conducted Federal Reserve oversight review would have been is laughable. (BabyBoobs own article admits it’s farcical.)

BabyBoobs



Side note: Because a bank in another country was allowed to operate irresponsibly means nothing.

 

[ll74]

What I find very interesting is the clientele that deposited in SVC. Most were progressive democrats that donated tons of money to the DNC machine. Many venture capitalists pushing non profitable green energy startups and IPOs that couldn’t make money and folded like a cheap suit. Silicon Valley is the richest property on the planet. I find it quite interesting that Biden and his merry band of idiots are going to save these venture capitalists to include Chinese depositors. This is nothing more than Biden taking care of his DNC depositors, shoring up his 2024 money machine.

You dipshits focus too much on the shit you hate. Venture capitalists.basically bankroll all new tech in the country. That includes green tech mainly because a lot of green tech is on the bleeding edge of r&d.

It has nothing to do with your hatred of Democrats except that Democrats do new and discover new things more than Republicans by a large margin. If you hate Democrats for that, it says more about you than it does Democrats.

 

[Lazaran]

ineedhelp1 obviously doesn’t know who Peter Thiel is.

ineedhelp1

 

[BabyBoomer50s]

What a fool (BabyBoobs) believes.

The corrupt orange traitor’s / republican’s deregulation allowed for SVB to become the cesspool that it was.

SVB (and others like it) likely never becomes a $212 Billion behemoth capable of threatening the entire system without the corrupt orange traitor’s / republican’s deregulation.

Secondly: the reports BabyBoobs provided do not rule out the possibility that mandated reviews under pre- corrupt orange traitor’s / republican’s deregulation would have caught SVB early on in it’s corrupt risk management practices. The article says it is POSSIBLE that SVB could have passed the Federal Reserve’s mandatory LCR review. - And they would have had to pass it every year for five years.

Of course that ^ would have required the Fed to actually conduct oversight, which was also systematically discouraged by the corrupt orange traitor and republicans.

The contention that SVB’s own internal oversight was more stringent than a mandated and properly conducted Federal Reserve oversight review would have been is laughable. (BabyBoobs own article admits it’s farcical.)

BabyBoobs



Side note: Because a bank in another country was allowed to operate irresponsibly means nothing.

BPI is not excusing the failures of federal and state bank examiners. Janet Yellen, Jerome Powell, and Governor Newsom certainly have some explaining to do. BPI is not excusing SVB management either. It is pointing out that interest risk, not credit and liquidity risk is what sank SVB. S.2155 exempts banks under $250 billion from liquidity coverage ratio (LCR) requirements. If you’ve been following the news, you would know SVB held Treasury bonds and high grade mortgage backed securities which are as liquid and safe as it gets. Precisely the type of assets Dodd-Frank and S.2155 requires. SVB would have passed the the LCR requirement larger banks are subject to with flying colors.

The OP’s assertion is nonsense.

 

[Lazaran]

Deregulation and lack of oversight promoted and encouraged by the corrupt orange traitor and republicans was the primary catalyst of the entire scandal.

Full stop:

Same as it ever was.

BabyBoobs

 

[butters]

https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA18T7l9.img?w=800&h=415&q=60&m=2&f=jpg

 

[Sean Renaud]

In fairness this time around they made relatively safe bets and for the first time in almost two decades the interest rates bumped up. Now the reality is that Obama and Trump should have been bumping interest rates all along and even if it hurt the economy a tiny bit so be it.

 

[AlexBailey]

https://www.reuters.com/article/us-usa-trump-dodd-frank-idUSKCN1IP2WX

“The legislation I’m signing today rolls back the crippling Dodd-Frank regulations that are crushing small banks,”

- Donald Trump, May 24, 2018

 

[BabyBoomer50s]

In fairness this time around they made relatively safe bets and for the first time in almost two decades the interest rates bumped up. Now the reality is that Obama and Trump should have been bumping interest rates all along and even if it hurt the economy a tiny bit so be it.

I agree that easy money and MMF was the root cause and that interest rates should have been raised long ago but Presidents don’t set interest rates.

 

[BabyBoomer50s]

https://www.reuters.com/article/us-usa-trump-dodd-frank-idUSKCN1IP2WX

“The legislation I’m signing today rolls back the crippling Dodd-Frank regulations that are crushing small banks,”

- Donald Trump, May 24, 2018

Which had nothing to do with SVB or Signature failures

 

[ll74]

Which had nothing to do with SVB or Signature failures

What does this even mean? The stress tests alone would've triggered action and the liquidity required to have on hand would've reduced the impact.

Of course it has everything to do with these banks and how they chose to recklessly make investments.