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SVTPerformance's Chain of Restaurants
Road Side Pub
SVB is Now In the Hands of the FDIC
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<blockquote data-quote="Klaus" data-source="post: 16892135" data-attributes="member: 190070"><p>One more thing about this how this story is being covered.</p><p></p><p>It is reported as a "bank run." The insinuation is that there is an unjustified panic and the panic itself is causing the failure itself. Never discussed is that an insolvent bank is justifiable source of concern. </p><p></p><p>A variation of this is that its (((tHe VcS))) fault. As if shadowy figures on twitter can send out a tweet and, like a cruise missile, it will destroy its target. Dumber versions of this imply a conspiracy in which (((tHe VcS))) secretly profit from the demise of the bank that serves them. Any explanation as to how this could be makes no possible sense see [USER=131874]@JAJ[/USER]</p><p></p><p>There is of course the explanation that it was the regulators fault. The regulator is god in this instance and if only the proper regulations had been in place this never would have happened. A variation of this is that it was Herr Trumps fault because he somehow blocked the proper regulations and all hell broke lose. </p><p></p><p>Other nonsensical sources of blame from the other side of the aisle include "Go woke go broke."</p><p></p><p>All of these are dumb and are an attempt to either 1) isolate the problem as merely an SVB problem or 2) hackish attempts to put SVB into a preexisting ideological framework. Unsurprisingly for these groups every problem has the same root cause be it not enough regulation or too woke.</p><p></p><p>the answer is far more simple than any of this: </p><p></p><p>SVB and/or every other bank has a huge hole in their balance sheet.</p><p></p><p>and</p><p></p><p>there is good reason to be concerned.</p><p></p><p>and</p><p></p><p>this is systemic</p><p></p><p>and</p><p></p><p>it is not going away anytime soon</p><p></p><p>and</p><p></p><p>there are going to be large and long lasting effects on credit availability</p><p></p><p>which</p><p></p><p>means there will be large and long lasting impacts on the economy</p><p></p><p>end of rant</p></blockquote><p></p>
[QUOTE="Klaus, post: 16892135, member: 190070"] One more thing about this how this story is being covered. It is reported as a "bank run." The insinuation is that there is an unjustified panic and the panic itself is causing the failure itself. Never discussed is that an insolvent bank is justifiable source of concern. A variation of this is that its (((tHe VcS))) fault. As if shadowy figures on twitter can send out a tweet and, like a cruise missile, it will destroy its target. Dumber versions of this imply a conspiracy in which (((tHe VcS))) secretly profit from the demise of the bank that serves them. Any explanation as to how this could be makes no possible sense see [USER=131874]@JAJ[/USER] There is of course the explanation that it was the regulators fault. The regulator is god in this instance and if only the proper regulations had been in place this never would have happened. A variation of this is that it was Herr Trumps fault because he somehow blocked the proper regulations and all hell broke lose. Other nonsensical sources of blame from the other side of the aisle include "Go woke go broke." All of these are dumb and are an attempt to either 1) isolate the problem as merely an SVB problem or 2) hackish attempts to put SVB into a preexisting ideological framework. Unsurprisingly for these groups every problem has the same root cause be it not enough regulation or too woke. the answer is far more simple than any of this: SVB and/or every other bank has a huge hole in their balance sheet. and there is good reason to be concerned. and this is systemic and it is not going away anytime soon and there are going to be large and long lasting effects on credit availability which means there will be large and long lasting impacts on the economy end of rant [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
SVB is Now In the Hands of the FDIC
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