Biden Administration May Have Tanked Large Banks on Purpose

If true, this would be quite damning. The question is: “que bono”? With Signature Bank it is easy: the government wants to rid the financial system of anything to do with cryptocurrency. But with SVB it is more curious given that the bank leaned far to the left. One possible explanation is that elements inside the government want to nationalize as much of banking as they can. That is definitely the trend with our Marxist DC elite “betters”. They have been trying their best to takeover health care, media and energy. Control of these four key industries means almost total control over the people.

https://www.zerohedge.com/political/another-scandal-biden-admin-radicals-blocked-svb-sale-nationalized-it-then-blamed-trump

Advertisement

Wokester Laments The Fall of SVB, Gets Pilloried

https://hotair.com/david-strom/2023/03/12/the-dumbest-take-ever-on-silicon-valley-bank-collapse-n536369

“SVB supported women, minorities and LGBTQ…”, oh, and it become insolvent in two days because it had no risk culture and was basically a hedge fund. “MIT board”, once again illustrating that the “smartest people” are often the dumbest.

Silicon Valley Bank Was a Fixed Income Hedge Fund Masquerading as a Bank

And the US regulators have a lot to answer to. They incentivized SVB’s reckless behavior by deeming many bonds “low-risk” and eliminated reserve requirements during Covid, ensuring SVB had little cash to pay depositors. Of course, government will point the blame elsewhere.

https://www.zerohedge.com/markets/silicon-valley-bank-followed-exactly-what-regulation-recommended

Woke Silicon Valley Bank Had DEI Head, No Risk Head

https://www.zerohedge.com/markets/fatal-distraction-senior-svb-risk-manager-oversaw-woke-lgbt-programs

we have warned about the dangers of woke corporatism. Silicon Valley Bank, which took a mere two days to fail, the second largest bank-failure in US history, had no head of risk for a year but had plenty to spend on DEI. I can tell you that the current regulatory regime in DC is far more focused on this nonsense and “climate change” than actual financial risk. This is what happens when you let Marxist idiots get involved with capitalism.