All things SVB and the bank bailout that really isn’t a bailout.
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From the warped mind of Impenitent2A
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SVB – The Big Short 2.0
Forbes Declared one of the best banks. Brother Jared was tweeting out the image below. It has been subsequently removed from Twitter. NYPost has the image and background story.
Everything is a lie, always. https://t.co/DAKsVBfn7H
— Jared A. Chambers 🇺🇲 (@C4CEO) March 11, 2023
Out of Balance Portfolio
Looks like SVB held $120b in securities but basically didn't hedge their interest rate exposure.
— Joseph Wang (@FedGuy12) March 11, 2023
That's totally crazy. No wonder they failed. pic.twitter.com/GJ781qMBfq
Who Is Jamie Dimon of JP Morgan Chase and How Is Benefitting
SVB’s CEO and CFO dumped a combined 4 million dollars of stock in the two weeks before the crash, and Peter Thiel’s Founders Fund withdrew all their funds from SVB the Thursday before the collapse.
Dimon was fined 980 Billion Dollars for Silver / Precious Metals Market Fixing
https://www.reuters.com/article/jp-morgan-spoofing-penalty-idINKBN26K325
Lael Brainnard, Genius or Barbara Eden on Meth?
https://en.wikipedia.org/wiki/Lael_Brainard
As part of our prudential and financial stability responsibilities, we are developing scenario analysis to model the possible financial rish associated with climate change and assess the resilience of individual financial institutions and the financial system to these risks.
https://www.washingtonpost.com/us-policy/2023/02/13/lael-brainard-who-is/
Bawney Fwank and Signature Bank
Signature is the second crypto-friendly bank to fail in less than a week. On Wednesday, Silvergate announced plans to wind down operations and liquidate its bank amid scrutiny from regulators and a criminal investigation by the Justice Department’s fraud unit into dealings with Sam Bankman-Fried’s fallen crypto giants FTX and Alameda Research. The seizure of Silicon Valley Bank came less than two days later.
Is Signature Bank Just a Pretext for CBDC
The narrative will likely come about that “unregulated crypto investment poses a danger to the financial system” or that “unregulated crypto is makes our financial institutes vulnerable to economic warfare” or something similar
https://www.zerohedge.com/political/svb-collapse-how-financial-crisis-boosts-cbdc-threat
Will Crisis Spill Over to Other Banks, such as Credit Suisse
Unlike Silicon Valley Bank and Signature Bank, the Swiss lender is classified as systemically important by the US Financial Stability Board — meaning it’s too big to fail as a collapse has the potential to trigger a financial crisis.
European Central Bank officials contacted lenders Wednesday to ask about their financial exposure to Credit Suisse, the Wall Street Journal reported.
Credit Suisse reported that its assets under management were almost 1.3 trillion Swiss francs, or the equivalent of $1.4 trillion, as recently as last month. For perspective, that would amount to almost 10% of the 14.5 trillion euro-area economy
https://www.zerohedge.com/markets/too-big-fail-credit-suisse-domino-effect-far-more-potent-svb
And Days Later, Indeed It Has. SVB Purchased Credit Suisse
https://www.zerohedge.com/markets/credit-suisse-sale-wake-call-bank-bulls
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