If the shareholders and bondholders get burnt but the deposits are secured I don’t see a problem. Central banks have no tools left for bailouts now anyway after fourteen years of printing money.
Of the big corporates I see the largest one with an exposure was Roku.
So I don’t necessarily even see it as a favour to them.
It’s the lower tier company that likely isn’t large enough to have a sophisticated treasury department that is getting an early helping hand and I really don’t see the issue.
Commentator’s eye
It’s the fault of the fcuking idiots running the bank.
You underestimate their capacity to print more money. It’s a short political-financial cycle.
Look, there were more pressing matters of an LGBT international conference to organise so one of the main governance people went missing for the month of January.
I thought this was a piss take until I looked it up. Bonkers stuff.
Diversity and inclusion at all costs.
They can’t keep doing it.
Oh I’m not defending them, but the root cause is regional banks buying up shit tons of “safe” US treasuries and Mortgage backed securities from the Fed when interest rates were low and the same “safe” assets now blowing uo the balance sheets due to the Fed aggressively raising rates. Trust me Silicon Valley bank is only the start of it, they are all in the same boat.
That’s the bank’s fault.
Look it’s critical to inform your mostly minority workforce that they are discriminated against by the actual minority of your workforce sitting there looking bemused.
The headbangers are actually serious about blaming “woke”.
They’ll be blaming “woke” for the weather, next.
Zero Hedge is a far right pro-Russian propaganda site run by insane “goldbugs”.
It is the financial equivalent of Weekly World News.
Victimhood and attention seeking. The new hard left way of thinking. Everyone has to pick up the pieces afterwards. What a way of thinking.
FF/FG are called out for nepotism but this is the same so has to be fair game. Hard to back out of the quota thing once you commit to it.
It’s permeating every profession/college admission in the US. Only when inferior Lawyers start costing big business mega bucks due to navel gazing and ineptitude will it be looked at again.
Lovely noble idea. Not reality though.
It seems to me Silicon Valley Bank failed for three reasons:
i) The Crapo financial deregulation bill which basically trusted banks to self-regulate. What a surprise. Banks don’t want to self regulate.
ii) Utter incompetence, making a Sean Quinn like bet on financial instruments which depended on low interest rates.
iii) Peter Thiel tring to deliberately bring down the entire financial system.
Far right bullshit is the major problem facing America. If you read Zero Hedge, that’s what you get. Far right bullshit.
If the question is am I in favour of positive discrimination the answer is yes everyday of the week and I have practiced it in my working life and I haven’t been disappointed.
You left out reason iv. The risk manager attended an lgbt conference