Fox not the only ones.
I don’t twitter, but I’m guessing it says the same thing? That being kind to lesbians is what caused crypto to collapse?
Both Fox and WSJ are Murdock-owned.
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Yep, the wimmins, the darkies and the hippies.
Damn hippies
“I’m not saying 12 white men would have avoided this mess, WINK WINK”
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We all know its best when women stay in the kitchen.
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I haven’t read any detailed articles, but this is the first I’ve heard crypto being part of it. I heard it was more interest rate related, or their poor effort to mitigate the risks posed by quickly increasing fed rates. If so, their risky position would be most likely be caught by stress testing regulation, or so I heard.
Again, I’m not a banking guy, just trying to follow along. Been reading that crypto’s losses, and the fact that many tech investors were heavily invested in it, were a primary driver for the run on withdrawls over the last month. Investors were needing cash to cover their losses from the plummet in crypto value. I’m sure it wasn’t about just one thing. Doomsday events never are.
Crypto is about the least “woke” thing going.
The bottom line is that this was a classic “run on the bank”. Withdrawals started adding up to the point where they were running out of liquid funds, so SVB had to start cashing out of stocks and investments, often at a loss, which downgraded the value of the bank’s holdings. Because that happened, more people wanted their money out. Rinse, repeat.
The problem here is that Dodd-Frank was put in place after 2008 to stop banks from making risky investments - like mortgage default swaps - that the government would end up paying for. Trump took away those guard rails and now banks are falling into the gutter and tax payers are picking up the tab. Rinse, repeat.
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socialize the risk and privatize the profits. Yay capitalism!
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So it has been ever thus.
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Alex Murdaugh said the same thing.
SEC is allegedly opening an investigation into the collapse of SVB. One of the most obvious elements they’ll be looking into is any insider trading that took place (which seems likely).
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Literally done over the weekend. My teams run all the underlyig tech. It was a long weekend…
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Someone might be able to recreate it:
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Backtracking already. 
You mean the content I see won’t be spit out by an algorithm?
Oh nooooo.
Whatever will I do?
