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

[Rotadom]

Why yes, I did mean to quote you. Mostly because you're the one who posted the linky.

It's cute that you seem to believe that no one listens to a lawyer. Not that you're completely wrong because a lot of people don't listen to their lawyers, but you believing that it's universal as to my opinions is cute. Delusional, but still cute.

I don't believe that at all. Hopefully, you're a better lawyer than a mind-reader but based on your post history, that is definitely an impossibility.

 

[ll74]

https://twitter.com/x/status/1635986392374206464

 

[BabyBoomer50s]

• California Governor Gavin Newsom's potential ties to Silicon Valley Bank (SVB) have been questioned after reports of donations the bank made to a nonprofit run by his wife.
• Public records show SVB donated $100,000 to Jennifer Siebel Newsom's California Partners Project.
• Open the Books, a group that audits government, drew attention to the links between SVB and Newsom in an article on Monday.

https://www.newsweek.com/gavin-newsom-ties-silicon-valley-bank-raise-questions-1787495

 

[Lazaran]

BabyBoobs has cracked the case!!!

BabyBoobs

 

[HisArpy]

I don't believe that at all. Hopefully, you're a better lawyer than a mind-reader but based on your post history, that is definitely an impossibility.

It doesn't matter what you believe, what's real is what matters.

So far, you're still wandering around lost in your own fantasies wondering how come no one can figure out where you are and rescue you.

 

[Rotadom]

It doesn't matter what you believe, what's real is what matters.

So far, you're still wandering around lost in your own fantasies wondering how come no one can figure out where you are and rescue you.

You're generally considered one of the dumbest people here.

Never forget that

 

[ll74]

Interestingly (not shockingly) both banks lobbies for the 2018 changes, contributed to our we're entwined with prominent supports of the bill (Frank was on the Signature Bank board - weirdly, Ivanka was at one time as well)

Silicon Valley, Signature banks lobbied hard to loosen bank rules​

 

[HisArpy]

You're generally considered one of the dumbest people here.

Never forget that

Lol. Ad Hom as opined by the dooRmat...

 

[ll74]

Here we go!!!

https://twitter.com/x/status/1635974122495680515

 

[icanhelp1]

• California Governor Gavin Newsom's potential ties to Silicon Valley Bank (SVB) have been questioned after reports of donations the bank made to a nonprofit run by his wife.
• Public records show SVB donated $100,000 to Jennifer Siebel Newsom's California Partners Project.
• Open the Books, a group that audits government, drew attention to the links between SVB and Newsom in an article on Monday.

https://www.newsweek.com/gavin-newsom-ties-silicon-valley-bank-raise-questions-1787495

Laz seems to believe regulatory discipline is more important than market discipline. CEOs and board members should know how to respond to market pressures and act accordingly. When DEI is the mantra for managing banking assets and client wellbeing you can expect more bank failures. How the CA feds, CEO, COO, CFO didn’t see how excessive spending, inflation and FED rate increases for over a year wouldn’t result in asset depreciation all deserve to be fired.

By the way, the news is in, Trump created cancer, created COVID-19, and will be responsible for the next asteroid to hit the planet.

 

[Chobham]

The deregulation being the cause of this debacle is a LIE. Those who perpetrate it are liars and those that believe it are fools.

 

[ll74]

The deregulation being the cause of this debacle is a LIE. Those who perpetrate it are liars and those that believe it are fools.

So what size was the bank?
What was the threshold for stress testing?
Why were both SVB and Signature banks part of the lead.lobbyists to change that threshold?

 

[ll74]

The deregulation being the cause of this debacle is a LIE. Those who perpetrate it are liars and those that believe it are fools.

So what size was the bank?
What was the threshold for stress testing before and after the change?
Why were both SVB and Signature banks part of the lead.lobbyists to change that threshold?

 

[Lazaran]

To the RWCJ - See: post # 77 and the OP.

That ^ is all.

RWCJ

 

[ll74]

To the RWCJ - See: post # 77 and the OP.

That ^ is all.

RWCJ

Why are you ruining my fun?

 

[BabyBoomer50s]

The links provided by the OP do not substantiate the bogus claim that raising the threshold for more stringent stress testing caused the SCB and Signature failures. If SVB had been held to the same regulatory standard as the “too big to fail” banks, it still would have been permitted to use long term government bonds and high grade mortgage backed securities to meet its capital and liquidity requirements. Both asset categories are considered high grade and highly liquid.

While some on the left are trying to blame the situation on the bipartisan 2018 legislation, some on the right are trying to blame it on the bank’s DEI virtue signaling activities. Both claims are silly deflections. The managerial mistakes of SVB and Signature have been well documented and had nothing to do with the threshold changes in 2018 or DEI.

The elephant in the room is the easy money mistakes of the Fed and the fiscal excesses of Congress. And now the problem has been exacerbated by the bailout that has been given to the well-heeled, financially sophisticated investors and depositors who should have known better. It’s no surprise that bank stocks began plummeting AFTER the bailout was announced. Investors are realizing that there are larger, macroeconomic red flags in the wind.

The Elizabeth Warrens of the world who are pushing the “blame Trump” theory are not likely to win their argument in the legislative arena. Senator Warren and Congresswoman Katie Porter have just introduced legislation that would basically repeal the 2018 bill. Keep an eye on how far it goes in both chambers. Several prominent Democrats who backed the 2018 law are standing behind their support. If the Warren-Porter bill dies, it will tell us all we need to know about how many lawmakers are buying what the Native American princess is selling.

 

[rainsol]

https://www.cnn.com/2023/03/12/investing/svb-customer-bailout/index.html



Can we please quit fucking pretending that catering to the rich is good for the economy?

Tell that to the super rich who support the Bidenista govrnment by illegal donations to campaigns. Barn Frank helped deregulate the banking industry and was rewarded with a cushy job after he left congress. The problems in the banks today are related to the unbridled attack s on our financial institutions by the Bidenistas.

 

[Lazaran]

BabyBoobs must not have read this:

https://www.forbes.com/sites/mayrar...-silicon-valley-banks-demise/?sh=5c5202cb3432

Hope that ^ helps BabyBoobs.

BabyBoobs

 

[adrina]

Tell that to the super rich who support the Bidenista govrnment by illegal donations to campaigns. Barn Frank helped deregulate the banking industry and was rewarded with a cushy job after he left congress. The problems in the banks today are related to the unbridled attack s on our financial institutions by the Bidenistas.

Find your hinges and place yourself up on them.

 

[Lazaran]

Find your hinges and place yourself up on them.

Yeah, rainsol IS unhinged, but I find the RWCJ “members” who knowingly lie about the situation involving SVB, etc, to be far more dangerous/ insidious.

*nods*

 

[BabyBoomer50s]

BabyBoobs must not have read this:

https://www.forbes.com/sites/mayrar...-silicon-valley-banks-demise/?sh=5c5202cb3432

Hope that ^ helps BabyBoobs.

BabyBoobs

Actually it bolsters my point even though that wasn’t the author’s intention. Also interesting how he ignores the fact that the legislation had bipartisan support. Democrats like Tim Kaine, Michael Bennet, Chris Coons, Debbie Stabenow, Mark Warner and others are hardly MAGA Trump loyalists. As I said in my earlier comment, let’s see how many Democrats lawmakers rally behind Warren-Porter.

 

[Chobham]

The links provided by the OP do not substantiate the bogus claim that raising the threshold for more stringent stress testing caused the SCB and Signature failures. If SVB had been held to the same regulatory standard as the “too big to fail” banks, it still would have been permitted to use long term government bonds and high grade mortgage backed securities to meet its capital and liquidity requirements. Both asset categories are considered high grade and highly liquid.

While some on the left are trying to blame the situation on the bipartisan 2018 legislation, some on the right are trying to blame it on the bank’s DEI virtue signaling activities. Both claims are silly deflections. The managerial mistakes of SVB and Signature have been well documented and had nothing to do with the threshold changes in 2018 or DEI.

The elephant in the room is the easy money mistakes of the Fed and the fiscal excesses of Congress. And now the problem has been exacerbated by the bailout that has been given to the well-heeled, financially sophisticated investors and depositors who should have known better. It’s no surprise that bank stocks began plummeting AFTER the bailout was announced. Investors are realizing that there are larger, macroeconomic red flags in the wind.

The Elizabeth Warrens of the world who are pushing the “blame Trump” theory are not likely to win their argument in the legislative arena. Senator Warren and Congresswoman Katie Porter have just introduced legislation that would basically repeal the 2018 bill. Keep an eye on how far it goes in both chambers. Several prominent Democrats who backed the 2018 law are standing behind their support. If the Warren-Porter bill dies, it will tell us all we need to know about how many lawmakers are buying what the Native American princess is selling.

There ya go folks. ^^^^^^^

This one falls almost entirely on malfeasance on that part of the Fed along with extraordinarily poor risk management on the part of the various banks officers. Where were the Fed's bank regulators in the run up to this?

 

[Lazaran]

BabyBoobs and Chobby

That ^ is all.

 

[icanhelp1]

The links provided by the OP do not substantiate the bogus claim that raising the threshold for more stringent stress testing caused the SCB and Signature failures. If SVB had been held to the same regulatory standard as the “too big to fail” banks, it still would have been permitted to use long term government bonds and high grade mortgage backed securities to meet its capital and liquidity requirements. Both asset categories are considered high grade and highly liquid.

While some on the left are trying to blame the situation on the bipartisan 2018 legislation, some on the right are trying to blame it on the bank’s DEI virtue signaling activities. Both claims are silly deflections. The managerial mistakes of SVB and Signature have been well documented and had nothing to do with the threshold changes in 2018 or DEI.

The elephant in the room is the easy money mistakes of the Fed and the fiscal excesses of Congress. And now the problem has been exacerbated by the bailout that has been given to the well-heeled, financially sophisticated investors and depositors who should have known better. It’s no surprise that bank stocks began plummeting AFTER the bailout was announced. Investors are realizing that there are larger, macroeconomic red flags in the wind.

The Elizabeth Warrens of the world who are pushing the “blame Trump” theory are not likely to win their argument in the legislative arena. Senator Warren and Congresswoman Katie Porter have just introduced legislation that would basically repeal the 2018 bill. Keep an eye on how far it goes in both chambers. Several prominent Democrats who backed the 2018 law are standing behind their support. If the Warren-Porter bill dies, it will tell us all we need to know about how many lawmakers are buying what the Native American princess is selling.

I disagree, DEI can induce corporations to put unqualified individuals in key critical leadership positions.

 

[icanhelp1]

There ya go folks. ^^^^^^^

This one falls almost entirely on malfeasance on that part of the Fed along with extraordinarily poor risk management on the part of the various banks officers. Where were the Fed's bank regulators in the run up to this?

They were suffering from hypoxia due to having their heads too far up their asses.