The Department of Justice and the Securities Exchange Commission have both launched investigations into the historic collapse of Silicon Valley Bank as well as the bank’s executives’ actions in the days leading up to the collapse. NBC News’ Brian Cheung explains what the investigations could uncover and how the wider banking industry could be impacted.
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#SiliconValleyBank #SVB #Banking
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A perfect storm is brewing in the United States. Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place. <It's all coming together and it could lead to a real disaster towards the end of this year (or sooner). With inflation currently at about 6%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains.>
Just investigating but nothing will happen to these CEO. No Wall Street billionaires ever goes to jail. The system is corrupt to the core. Not all men are created equal. That’s just fairytale for kids in school like Santa clause and Mickey Mouse.
Chuck Schumer recently received $5M+ from SVB Bank official. Follow the paper trail.
As a former Chief Examiner of the FHLBB I am almost sure that fraud will be part of the cause of the failure
I'll sell my left kidney if they actually charge anyone with anything. They're going to find obviously illegal trades and then either do nothing, or at worst maybe hit them with a small fine that's less than the amount they made doing the trades in the first place
what a masterpiece.
SVB had made its brilliant move by folding its business in a specular way to make jerome feel his full name is correct.
SVB spent millions lecturing on social equality and donated 65 million to blm, millions went activists and terrorist antifa groups, they based their loans on race, skin color, sexual orientation, all because our government gave them money to do so .
Nothing will happen to the execs. They will have sold in an open window to sell.
The will come to the same conclusion as Epstein death. Nothing to see here’s.
That’s rich, government agencies ‘investigating’ financial malfeasance that the government has just backstopped.
If banks were non profit, there would be no corruption.
How about not betting at all. See what happens
They need to go investigate Nancy Pelosi and her drunkard husband too!
As a poor country boy can you please tell me why I should care about the Wall Street worries, seems to be if a stock goes up
I pay more…..?? Me???… just purplexing
Nothing happens to rich people 😂