Silicon Valley Bank is now under federal investigation after its collapse. NBC News confirmed with multiple sources that the DOJ and SEC have launched probes looking at company executives’ stock sales before the bank closed, among other things. NBC News’ Jacob Ward has more details on the growing calls for regulation and accountability.
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But Joe Biden large donors will get all their money back
So CA Gov Gavin Newsom has accounts at SVB. Joe Biden saved a lot of his millionaire donors. So much for taxing the rich and then negating the tax by bailing them out. Thanks Joe. You da man.
The Silicon Valley Bank reserves were in long term low interest treasuries, without any hedging. I do not understand to reason to buy long term treasuries when the interest rate is near zero ? The management of Silicon Valley Bank made a very bad risk management call.
I want a rate increase. I want my money in the bank to make more. Buy more CD. If the banks want to play Wall Street, go put your money in chase bank, Like I did in 2004. Stop the BS. Never put your money in a 401k. You are just paying for someone else to get rich.
Acts, 16:31 – Paul and Silas answered, Believe on the Lord Jesus, and you will be saved, you and your household.
Romans 10:9 – If you confess with your mouth the Lord Jesus, and believe in your heart that God raised Him from the dead, you will be saved.
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Reminder: Woke, Liberal, Progressive, Social Justice, and other words like this all boil down to one word, Communism. Reminder: Communism killed 160 million religious and political dissidents last century.
1st yield curve happened in May 2019, 2nd yield curve happened in October 2022. Both are indicators and are a predictor of a recession. In 2019, the Fed didn't raise the rate, which could've slowed this process. Yellen decided to be aggressive since the last administration did nothing. Usually, the Fed waits 6 months to see its affect on inflation before raising it again. I think the Fed has done as much as it should. It's time for our government to write Anti-trust laws, break up some Monopolies, and create a windfall tax. Many companies treated the inflation to raise price, earning up 34% more than the previous year, taking advantage of the American public. I believe, this can only end with politicians taking action.
Trump gop Republicans falt
BREAKING: records show Silicon Valley Bank gave $73,450,000 to BLM 😳
— The Claremont Institute