Crash the train to stop it

[whell]

Originally Posted by Chicks

Trump blamed over Silicon Valley Bank collapse for watering down financial regulations
https://www.independent.co.uk/news/w...-b2298859.html

Donny, Rupert Murdoch, the Federalist Society and other “conservatives” are to blame for just about everything wrong with this country.

You really need to read the articles you post, Chicklet. If you had, you might have noticed this:

The SVB struggled to weather the Federal Reserve's efforts to stymie inflation; higher borrowing costs throttled the gains of tech stocks that could have benefitted the bank, and a significant drop in available VC funding floating around forced companies to withdraw their holdings.

You can invest yourself in the blatherings of a lefty Harvard radiologist who sounds like he knows nothing about the banking industry if you want. In the meantime, here is an explanation of what happened to SVB from folks who do know what they're talking about:

Silicon Valley Bank is a reminder that ‘things tend to break’ when Fed hikes rates: https://www.marketwatch.com/story/sv...ssive-b762936f

Silicon Valley Bank imploded in a single day. It could be just the tip of the iceberg: https://markets.businessinsider.com/...l-risks-2023-3

Sorry, bank regulations or lack thereof had nothing to do with it. In fact, SVB's assets were invested in exactly the type of low-risk vehicles that regulators love.