Silicon Valley Bank Collapsed

Go woke go broke…

Silicon Valley Bank pushed 'woke' programs ahead of collapse

 

I feel no sympathy!

 

It was the previous administration's fault

 

Laws really don't mean anything anymore. They just make it up as they feel the need.

 

Just an "Oh, by the way..."

 

Yet, the FDIC will only protect the average depositor to $250,000.

 

"I was just holding the gun like this, and it went off."

 

I’ll do you one better than that. After banks started failing in 2008 from the real estate crash and poor derivative bets associated with it, the Office of the Comptroller of Currency required banks to disclose their derivative holdings. In the latest report Chase has $3.31 Trillion in assets and $54.3 Trillion in derivatives bets. That’s more than 16-to-1. We’ve got a lot of fragility in our banking system.



https://www.occ.gov/publications-an...files/pub-derivatives-quarterly-qtr3-2022.pdf