marvelmon
marvelmon t1_jcq2ec2 wrote
Reply to comment by IcyContribution8432 in SVB blames remote work for bank failure by Loud_Adagio2222
Peter Thiel was right.
marvelmon t1_jcmfvs3 wrote
Reply to comment by [deleted] in SVB blames remote work for bank failure by Loud_Adagio2222
"Silicon Valley Bank Would Have Passed The Liquidity Coverage Ratio Requirement" March 14, 2023 (Bank Policy Institute)
The failure of SVB appears to reflect primarily a failure of management and supervision rather than regulation.
https://bpi.com/silicon-valley-bank-would-have-passed-the-liquidity-coverage-ratio-requirement/
marvelmon t1_jcm6d3c wrote
Reply to comment by chemicalrefugee in SVB blames remote work for bank failure by Loud_Adagio2222
Deregulation had nothing to do with it. SVB made bets that the interest rates would remain low. When interest rates were being raise by the Feds, they didn't have a risk manager to adjust their investments.
And who is going to pay for the bailout? Regular people through ever increasing bank fees.
Inflation happened under Biden. Higher interest rates happened under Biden. This had nothing to do with Trump.
marvelmon t1_jclfkj6 wrote
Of course. Had nothing to do with SVB not having a risk manager watching their investments.
marvelmon t1_jadjp4l wrote
>I was hacked before the suspension
The old "I was hacked" defense.
marvelmon t1_jaa17xy wrote
Reply to comment by brYzmz in Highway to nowhere and dirt bikes by brYzmz
A dirt bike cycling course would work though. No motors and less noise. I like your idea.
marvelmon t1_ja9yqk4 wrote
Reply to comment by moderndukes in Why Don’t Baltimore City Schools Have School Buses? by GovernorOfReddit
County high schools don't provide service under a mile. What's the longest distance in the city? Is it over a mile?
marvelmon t1_ja6tkwe wrote
Reply to comment by --james in Spotted up and down Mass Ave NW between 4th and 5th (and probably elsewhere) - someone screwed up by mr_grission
MassachusettX
marvelmon t1_j9xzukl wrote
Reply to "Competence Porn" series recommendation? by freyncis
MacGyver. He could make a nuclear bomb out of some string and paper clips. He was that good at his job.
marvelmon t1_jczmja3 wrote
Reply to comment by IcyContribution8432 in SVB blames remote work for bank failure by Loud_Adagio2222
Yes that's it. I support attacking financial institutions in order to harm American businesses and investors.
I want to see banks make shitty investments so that I have to pay to bail them out. I can't think of a better use of my savings than the bailout out billionaires.