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starfire_xes
I Am 'They'



Registered: 10/24/09
Posts: 21,590
Loc: Dallas with all the assho...
Last seen: 7 months, 6 hours
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Re: Silicon Valley Bank Collap [Re: ashfiken] 1
#28242825 - 03/23/23 11:03 AM (10 months, 10 hours ago) |
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During the Obama/Biden term, didn't they made regulations after the 2008 bank crisis, to prevent these bank problems?
Oh I got it. Biden stated that bank managers are the problem....
I am happy, I am going back to my room, blow a few pipe loads, and beat off over japanese porn.
If the taxpayers are not to pay for the FDIC insurance, who is? Maybe they have money trees in the Whitehouse garden.
Edited by starfire_xes (03/23/23 11:07 AM)
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koods
Ribbit



Registered: 05/26/11
Posts: 106,045
Loc: Maryland/DC Burbs
Last seen: 34 minutes, 1 second
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Re: Silicon Valley Bank Collap [Re: starfire_xes]
#28242851 - 03/23/23 11:22 AM (10 months, 10 hours ago) |
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Quote:
During the Obama/Biden term, didn't they made regulations after the 2008 bank crisis, to prevent these bank problems?
Yes. They were rolled back in 2018
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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starfire_xes
I Am 'They'



Registered: 10/24/09
Posts: 21,590
Loc: Dallas with all the assho...
Last seen: 7 months, 6 hours
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Re: Silicon Valley Bank Collap [Re: koods]
#28242856 - 03/23/23 11:28 AM (10 months, 10 hours ago) |
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Who rolled them back? Show me the info about this.
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,470
Loc: Uncanny Valley
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Re: Silicon Valley Bank Collap [Re: starfire_xes]
#28242898 - 03/23/23 11:49 AM (10 months, 10 hours ago) |
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-------------------- Censoring opposing views since 2014. Ask an Attorney Fuck the Amish
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koods
Ribbit



Registered: 05/26/11
Posts: 106,045
Loc: Maryland/DC Burbs
Last seen: 34 minutes, 1 second
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Re: Silicon Valley Bank Collap [Re: Enlil]
#28242926 - 03/23/23 12:12 PM (10 months, 9 hours ago) |
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This would be the relevant section.
Quote:
Reduced Regulatory Burdens for All but the Largest Bank Holding Companies. The Act eliminates the need for bank holding companies with less than $250 billion in assets to comply with most aspects of “enhanced prudential standards,” including resolution planning, stress testing, and single-counterparty credit limits.
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NotSheekle said “if I believed she was 16 I would become unattracted to her”
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mushboy
modboy



Registered: 04/24/05
Posts: 32,256
Loc: where?
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Re: Silicon Valley Bank Collap [Re: starfire_xes] 1
#28242931 - 03/23/23 12:13 PM (10 months, 9 hours ago) |
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Quote:
starfire_xes said: Who rolled them back? Show me the info about this.
The repeal of Dodd frank was national news unless you watch tuckums then you were more concerned about …. liberals/brown people? Or whatever other distraction.
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The Ecstatic
Chilldog Extraordinaire


Registered: 11/11/09
Posts: 33,357
Loc: 'Merica
Last seen: 9 hours, 23 minutes
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Re: Silicon Valley Bank Collap [Re: mushboy] 1
#28242937 - 03/23/23 12:18 PM (10 months, 9 hours ago) |
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Quote:
mushboy said:
Quote:
starfire_xes said: Who rolled them back? Show me the info about this.
The repeal of Dodd frank was national news unless you watch tuckums then you were more concerned about …. liberals/brown people? Or whatever other distraction.
I wanna say it was migrant caravan hysteria timeframe, but I could be wrong.
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CHeifM4sterDiezL
Chief Globerts

Registered: 07/28/10
Posts: 22,529
Loc: United States
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Quote:
starfire_xes said: Who rolled them back? Show me the info about this.
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Enlil
OTD God-King




Registered: 08/16/03
Posts: 65,470
Loc: Uncanny Valley
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Re: Silicon Valley Bank Collap [Re: mushboy]
#28242950 - 03/23/23 12:27 PM (10 months, 9 hours ago) |
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Quote:
mushboy said:
Quote:
starfire_xes said: Who rolled them back? Show me the info about this.
The repeal of Dodd frank was national news unless you watch tuckums then you were more concerned about …. liberals/brown people? Or whatever other distraction.
In fairness, Starfire did have a stroke around that time...
-------------------- Censoring opposing views since 2014. Ask an Attorney Fuck the Amish
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Brian Jones
Club 27



Registered: 12/18/12
Posts: 12,340
Loc: attending Snake Church
Last seen: 1 day, 3 hours
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Re: Silicon Valley Bank Collapse [Re: koods]
#28244059 - 03/24/23 04:33 AM (9 months, 30 days ago) |
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Quote:
koods said: Junk bonds don’t have 1% interest rates.
That's right. Junk is a nickname for high yield bonds. They have different levels of risk and corresponding reward. This would be questionable time to invest in low rated junk, but high rated junk might be a good buy.
The problem which the banking/real estate crisis made clear was that rating agencies can collude with the banks selling garbage. IDK if that issue has been addressed since then.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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The Ecstatic
Chilldog Extraordinaire


Registered: 11/11/09
Posts: 33,357
Loc: 'Merica
Last seen: 9 hours, 23 minutes
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Re: Silicon Valley Bank Collapse [Re: Brian Jones]
#28244128 - 03/24/23 06:53 AM (9 months, 30 days ago) |
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Not to mention corporate debt has skyrocketed during this time of sustained, virtually zero percent, low interest rates. I would be wary of any high yield bonds right now.
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Brian Jones
Club 27



Registered: 12/18/12
Posts: 12,340
Loc: attending Snake Church
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Re: Silicon Valley Bank Collapse [Re: The Ecstatic] 1
#28244163 - 03/24/23 07:33 AM (9 months, 30 days ago) |
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Yes, borrowing to survive or to grow got pricy.
The former will put companies under.
The latter seems to be the Fed's intent. We'll see what happens with wages. Skilled tech already declined. But the low skill side is still paying hiring bonuses, and annual labor market raises.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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