Posted by retirefire on 16th of Mar 2023 at 04:39 pm
Digging even deeper we then find that SVB’s leadership was
highly involved in the WEF and their **
Stakeholder Capitalism Metrics (SCM)**, along with corporate
governance. SVB was not only implementing every
single policy the WEF outlines in its agenda, they were reporting
back to the WEF on their progress.
Collapse catalyzed not by WEF or green energy investment, but by
over-investmemt in long-dated treasuries, the value of which
dropped precipitously as the Fed raised rates.
Posted by fredsaid on 16th of Mar 2023 at 10:12 pm
Facts...good call out. But how dumb are the bank
executives that didn't know rates were going to go up and fast and
not plan for it. I mean JEESE LOUISE, a quarter of all bank
employees are Risk Managers that have ONE JOB which is to plan for
this thing exactly. Tom, Dick, Harry, you and me knew we're
not going to see sub 3% mortgage rates and hence we all re-financed
our properties for likely the lowest interest rates many of us will
every see in our lifetimes - right ?. Firstly all these
execs and risk folks at the banks should be shit-canned. 2nd
they should be allowed to go belly up because that's completely
unacceptable nonsense. Both of these things i'm sure will
not happen...it's good to be a banker...sucks to be a tax
payer.
Posted by retirefire on 17th of Mar 2023 at 06:37 am
Did I say Green energy investment CAUSED the collapse? NO
I did not. I merely depicted the banks ties to WEF, which someone
previously stated that that relationship was a tenuous
argument. We are moving towards the elimination of small to
mid size banks. There will be 4 to 6 major banks. The Walmart
effect of banking. Hell high percentage of younger generation has
never been in a bank branch. Credit unions and small banks have
been merging in order to better compete. Digital currency is on the
horizon.
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Digging even deeper we then
Posted by retirefire on 16th of Mar 2023 at 04:39 pm
Digging even deeper we then find that SVB’s leadership was highly involved in the WEF and their ** Stakeholder Capitalism Metrics (SCM)**, along with corporate governance. SVB was not only implementing every single policy the WEF outlines in its agenda, they were reporting back to the WEF on their progress.
svb.com
Collapse catalyzed not by WEF
Posted by rjdst on 16th of Mar 2023 at 09:36 pm
Collapse catalyzed not by WEF or green energy investment, but by over-investmemt in long-dated treasuries, the value of which dropped precipitously as the Fed raised rates.
Facts...good call out. But
Posted by fredsaid on 16th of Mar 2023 at 10:12 pm
Facts...good call out. But how dumb are the bank executives that didn't know rates were going to go up and fast and not plan for it. I mean JEESE LOUISE, a quarter of all bank employees are Risk Managers that have ONE JOB which is to plan for this thing exactly. Tom, Dick, Harry, you and me knew we're not going to see sub 3% mortgage rates and hence we all re-financed our properties for likely the lowest interest rates many of us will every see in our lifetimes - right ?. Firstly all these execs and risk folks at the banks should be shit-canned. 2nd they should be allowed to go belly up because that's completely unacceptable nonsense. Both of these things i'm sure will not happen...it's good to be a banker...sucks to be a tax payer.
Did I say Green energy
Posted by retirefire on 17th of Mar 2023 at 06:37 am
Did I say Green energy investment CAUSED the collapse? NO I did not. I merely depicted the banks ties to WEF, which someone previously stated that that relationship was a tenuous argument. We are moving towards the elimination of small to mid size banks. There will be 4 to 6 major banks. The Walmart effect of banking. Hell high percentage of younger generation has never been in a bank branch. Credit unions and small banks have been merging in order to better compete. Digital currency is on the horizon.