SVB had NO head of ‘risk assessment’ for nine months before it collapsed… – IOTW Report

SVB had NO head of ‘risk assessment’ for nine months before it collapsed…

Sunday, 12 March 2023, 21:00 MJA Uncategorized 30

As woke boss for Europe, Middle East and Africa was busy organizing a month-long Pride campaign and a ‘Lesbian Visibility Day’. MORE


ht Brad.

30 Comments on SVB had NO head of ‘risk assessment’ for nine months before it collapsed…

  2. OT, BUT I LOVED SNOWBALL THE SOURPUSS, ONLY NOW CATCHING UP, LEARNING ABOUT THE LOSS..

    ALWAYS A GOOD COMMENTER WHO SHOWED HIS LOVE FOR AMERICA, NEVER TO GIVE UP THE FIGHT

    I NAMED AN OLD GRUMPY DUDE (WHO PARTICIPATED ON AN AEROSPACE SATELLITE PROGRAM I WAS WORKING) SNOWBALL THE SOURPUSS IN HIS HONOR…YEARS AGO, 2012 OR SO

    GOOD DUDE, RIP IS WELL-DESERVED

    SORRY TO BE LATE TO HONOR HIS RIDE INTO THE SUNSET

    10

  4. That dick head Mark Cubans been crying for a solid two days. No mention of how much money he lost, but by all indications it was substantial. Most of the Hollywood Production companies couldn’t make payroll on Friday. Guess why?
    Here’s why, some dumb bitch that wasn’t even born here gained control of investment strategies at this bank and announce they would only invest in woke criteria. Well there you go. Mark Cuban, I’m thinking Trump doesn’t look half bad now you stupid son of a bitch. Mark Cubic, and many like him, just found out they are not part of the club. The bad news is I don’t want the either.

    17

  6. So how many times can we afford to do this?

    ://www.thegatewaypundit.com/2023/03/breaking-fdic-to-make-good-all-deposits-at-silicon-valley-bank-and-signature-bank/

    3

  7. Board of Directors, Chief Executive Officer, Chief Operating Officer, the entire Risk Management group, state and federal regulators, EVERY DAMNED ONE OF THEM FAILED FAILED FAILED.

    And now Yellen & Co. have announced that they are scrapping the $250,000 FDIC cap. Welp, there goes any incentive for customers to look for a bank that knows what the fuck they’re doing financially.

    5

  8. Uncle Al
    I totally disagree. They were successful in their agenda. They awarded bonuses to their staff two days before the feds took over. Strange time of year to be handing out bonuses. No, they achieved what they were after. No matter the cost. Now lets see if Mark Cuban and company are willing to pay that price, And if not, they have some explaining to do.

    5

  9. OK, so now we are scrapping the $250,000 FDIC cap. It’s impossible for us to pay off every account of every failed bank! Venezuela here we come! But what difference does it make, we’re just printing monopoly money now, and have been for a long time.

    1

  10. fi·du·ci·ar·y (fĭ-do͞o′shē-ĕr′ē, -shə-rē, -dyo͞o′-, fī-) adj.
    1.
    a. Of or relating to a duty of acting in good faith with regard to the interests of another: a company’s fiduciary responsibility to investors.
    b. Of or being a trustee or trusteeship.
    c. Held in trust.
    …
    n. pl. fi·du·ci·ar·ies
    One, such as an agent of a principal or a company director, who has a duty of acting in good faith with regard to the interests of another.

    Uncle Al is legally correct.

    5

  14. We were warned that things could get worse. Get ready, things are getting worse.

    ://www.thegatewaypundit.com/2023/03/outrageous-silicon-valley-bank-provided-massive-amounts-of-capital-to-chinese-tech-ventures-biden-fdic-and-federal-reverse-are-bailing-it-out-clearly-biden-is-working-for-china/

    5

  15. “Uncle Al is legally correct.”

    Well there you go. I’m thinking we are way past fucking legal. But hey, you hang out there. We’re in serious fucking trouble if that’s the mind set. Me, I’m loading more mags.

    2

  16. I’m going to my bank tomorrow to pull out $20,000 dollars in cash. What do you think the chances are of that being filled? What will be the price of gold or silver tomorrow? I’m thinking the premium above spot will be high.

    2

  19. Brad – Uncle Al is legally correct. You are morally and politically correct. Everyone is correct here.

    Hold on… I’m gonna move my small howitzer to the front of the garage…

    3

  20. Tomorrow afternoon I’ll let you know if you should really panic today, or wait for a couple days. I’m thinking we better prepare for a SHTF event. I’m fairly well prepared, but how can you fully prepare for what you’re not sure of what’s coming? And where I live I don’t have the the “tribe” that is recommended.

    2

  21. joe6pak

    I got about half that in my safe. Recycled aluminum chip money. Is that currency going to be worth jack shit? I dunno. It might come in handy for firing up my wood stove.

    1

  25. This will be one hell of an interesting week coming up. As prepared as I would like to be, and as mentally prepared as I hope to be, we have some critical days coming up. There’s a good meme, it says something to the affect, “remember I told you things will get bad? Well they are about to get bad”!

  26. Does anybody have ANY doubt that billions our government is going to give this woke bank wont’t go into the pockets of democrat donors – to make a u-turn into corrupt federal scum that is running our country?

    3

  27. OMG, federal bailout for all account holders at SVB & the other bank that failed. But hey, some wise-ass stupid motherfucker will always want to throw more gas on the fire.

    5

  29. A List heard and reported as self-reported so giving it credance . . .
    and in advance, not reviewed above posts yet if this already posted . . .
    and in advance, be sure to archive all here +/- AUG 22 to NOW
    RE: Everything

    CIRCLE – 3.3 BILLION
    ROKU – 487 MILLION
    BLOCKFI – 227 MILLION
    ROBLOX – 150 MILLION
    GINKO(sp) – 74 MILLION
    IRYTHM(sp) – 55 MILLION
    ROCKET LAB – 38 MILLION
    LENDING CLUB – 21 MILLION
    THERAPUETICS(sp) – 34 MILLION
    PAYONE(sp) – 20 MILLION

    These were reported in the MSM
    The following connections have been noticed . . .
    ALL of these Companies ran major AD Programming on FOX NEWS
    and msNBC. All of them.

    Remember?

    Check the Record(s)
    There were lots of posts back then about just that.

    1

  30. mystaclean
    MARCH 13, 2023 AT 6:19 AM
    “I wonder whose picture will be on our soon to be printed $5 million dollar bill?”

    Mine.

    Because they are all for ME.

    Send me your sons too.

    You must defend me to your last dollar and last child, or I will destroy your government and they know it.

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