Article

2023-03-14 Economy

Silicon Valley Bank had more red flags than a CCP meeting but regulators cared about climate not bank risks

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Posted by Fleter Crasing2148 2023-03-14 00:00|| || Front Page|| [11 views ] Top

#1 I thought the CCP owned SVP under Biden/Hunter/Cackles/Pelosi/Xi.

Posted by Mad Eye Omeretch7959 2023-03-14 01:29|| 2023-03-14 01:29|| Front Page Top

#2 Chinese Tech Startups Panic over Money Trapped in SVB Crisis

Posted by Skidmark 2023-03-14 10:03|| 2023-03-14 10:03|| Front Page Top

#3 So, update the classic bumper sticker:

"Let the bastids freeze in the dark. Broke."

Posted by M. Murcek 2023-03-14 10:17|| 2023-03-14 10:17|| Front Page Top

#4 Tom Cotton: Biden Administration Won’t Commit to Not Bailing Out Chinese SVB Investors

Posted by Skidmark 2023-03-14 10:25|| 2023-03-14 10:25|| Front Page Top

#5 Biggest Depositors in SVP who will be gaining access to their account include:

ROKU
Mark Cuban
iRhythm Technologies
Onconrus
Bill Holdings
Sangamo Therapeutics

Also interesting is that Barney Frank (of Sarbanes Frank Banking Reform Act) who was on Board of Directors of Signature, says Regulatory Reform in 2018 had nothing to do with the bank failures (hint: they purchased too many long T bonds)

Posted by lord garth 2023-03-14 10:43|| 2023-03-14 10:43|| Front Page Top

#6 Speaking of Signature here’s a video

This is a video that Signature Bank made before they collapsed

Kind of in awe

Posted by Beavis 2023-03-14 11:03|| 2023-03-14 11:03|| Front Page Top

#7 SVB had a really high ESG score though.

Posted by mossomo 2023-03-14 12:29|| 2023-03-14 12:29|| Front Page Top

#8 SVB problems seem to have originated in where they kept their ‘cash’ (government bonds) than in where they made their loans; the (not) bailout seems to be aimed at saving their ESG alphabet borrowers, not either their investors nor their savers.

Posted by Glenmore 2023-03-14 15:09|| 2023-03-14 15:09|| Front Page Top

#9 CHEERING SILICON VALLEY BANK BAILOUT, GAVIN NEWSOM DOESN’T MENTION HE’S A ~~GRIFTER~~ CLIENT

Posted by Anomalous Sources 2023-03-14 16:54|| 2023-03-14 16:54|| Front Page Top

#10 Now for the rest of the story:

BeiGene, one of China’s largest cancer-focused drug companies, said Monday it had more than $175 million uninsured cash deposits at SVB, which represents approximately 3.9% of its cash, cash equivalents and short-term investments.

Link

Posted by Besoeker 2023-03-14 18:12|| 2023-03-14 18:12|| Front Page Top

#11 #6 Speaking of Signature

Thank you, Signature Bank [berkeleyrep, YouTube]

Posted by Angomose the Odorous6398 2023-03-14 20:22|| 2023-03-14 20:22|| Front Page Top

23:53 Skidmark
22:57 trailing wife
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