On Thursday rumours about Silicon Valley Bank (SVB) were going crazy. Then the bank failed making it the second biggest bank failure in the US since the Global Financial Crisis (GFC). The GFC kicked off after the bankruptcy of Lehman Brothers in 2008.
Fortunately the banking system is designed so that failure isn’t rewarded. And when failure isn’t rewarded, greedy mistakes don’t happen again…
The Naked Emperor’s Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
Started his career at Arthur Andersen. Ouch.
Next time he applies for a job his CV will look even more stellar!
… first Arthur Andersen: complice to Enron. Wow!
And at the bottom of the list we see he worked for JP Morgan-Chase. Most people are unaware that one of the most infamous characters of the Great Recession of the ‘00s could have never swindled those billions without their collusion. Madoff got life in prison, international scorn and family ruin including the death of his 2 sons, one by suicide. JPM-Chase got a slap on the wrist and a fine. That’s the cost of doing business. https://www.wishtv.com/lifestylelive/jpmadoff-the-unholy-alliance-between-americas-biggest-bank-and-americas-biggest-crook/
Things are beginning to really heat up now...God help us...
maranos think its a huge joke on us to change their names with subtext meaning - this clown, who is obviously jewish, renames himself (or his antecedants renamed the family) as Gentile.... Vic Nuland - nee Nudelman - is a Hambeast .... that crone in Canada, Christia Freeland is a marano. 'Freeland' very funny .....
Gee, what a surprise!
Joseph Gentile, oy vey, I wonder if he changed his surname from something else?
These are the consequences of living in an alternate universe where the definition of obvious danger/risk easily become characterized as unintended/innocent results, allowing the perpetrators to accept their trophy free from guilt or accountability. Rod Serling would be very happy with all the new material for a resurrection of the Twilight Zone, cause you can’t make this shit up. In this universe we know they’re crimes of the elite who are never punished since it’s all done with the best of intentions, knowing the cost can be passed on to credulous tax payers by their accomplices/elite in the bureaucracy. Maybe with AI he can come back to host the show on Netflix.
What Caused the Great Depression? - Foundation for Economic Education
FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression - Foundation for Economic Education
What Ended the Great Depression? - Foundation for Economic Education https://fee.org/articles/what-ended-the-great-depression/?itm_source=parsely-api
Freedom From Fear: The American People in Depression and War, 1929-19455 by David Kennedy - Foundation for Economic Education
Repeating the New Deal’s Old Mistakes - Foundation for Economic Education
What Economic Elites Don’t Want You to Know about Crashes - Foundation for Economic Education
Major bank collapses; 2nd largest bank collapse in US history
Biden's budget proposal includes more money for DOJ to fight gun violence
Nearly a Third of Americans Could Lose Their Homes if They Got Laid Off, Survey Finds
President Biden proposes $350 million in funds for Red Line extension project
Pols blast free college for migrants, NY students get tuition hikes
Customers to See Missing Deposits in Their Accounts
DC crime law: Why Joe Biden is playing defense on crime https://www.cnn.com/2023/03/11/politics/joe-biden-democrats-dc-crime-law
Trading Legend Henrik Zeberg Foresees Largest Market Crash Since 1929
he has got passion fingers
Everything he touches he fucks.......
Is he the banking world's version of an equity hire? Serves them right ....
I hereby dub thee Sir Joseph Genital, for being the only cock to bankrupt not one but TWO banks, a position in the City of London awaits you ...
"To lose one bank, Mr Gentile, may be regarded as a misfortune, to lose both, looks like carelessness."
These criminals are generally above the law, and just go from one corporation to the other.
BREAKING: "Big Short" Investor Michael Burry Tweets Ominous Warning As Bank Failures Pile Uphttps://trendingpoliticsnews.com/breaking-big-short-investor-michael-burry-tweets-ominous-warning-as-bank-failures-pile-up/?utm_source=trendingpolitics&utm_medium=klaviyo&_kx=BUd-fF0qqO5t5QQq33S_mZE9J8ndIrMUyntNt1dUzFY%3D.XhZFkN SVB Collapse: "Big Short" Burry Accuses Regulators of Rewarding "Greed"
https://share.newsbreak.com/3annqsnm SPEND, SPEND WHILE BANKS FALL, KIDS NOT ADULTS, ILLEGALS HAVE KIDS.
Biden's 2024 budget proposes up to $300 per month per child for families in Ohiohttps://share.newsbreak.com/3anot7b8
Regulators Announce Closure of NY’s Signature Bank, Which Held Significant Crypto Stakes
STORMSMillions of Americans Bracing for Potential ‘Major’ Nor’easter Storm
SVB Chief Sold $3.6 Million in Stock Shortly Before Bank’s CollapseBecker sold the shares in accordance with a trading plan filed on Jan. 26, a little over a month before the group sent a letter to stakeholders (pdf) saying it was looking to raise over $2 billion in capital after taking losses. WOKE BANK.
WHAT ABOUT ALL BANKS?
Government Steps In With Plan to Protect All Deposits at Silicon Valley Bankhttps://www.theepochtimes.com/government-steps-in-with-plan-to-protect-all-deposits-at-silicon-valley-bank_5117661.html?utm_source=Morningbrief&src_src=Morningbrief&utm_campaign=mb-2023-03-13&src_cmp=mb-2023-03-13&utm_medium=email&est=oJ3mui7Pnt5VNqpauRnQkTq07NhB12Y2NGqZFs7F1emspxq5UY4%2FfztzIoQ%3D
More Banks Will Fail Like Silicon Valley Bank, Former FDIC Chair Predictshttps://www.newsweek.com/more-banks-will-fail-like-silicon-valley-bank-former-fdic-chair-predicts-1787189?amp=1SPEND, SPEND WHILE BANKS FALL, KIDS NOT ADULTS, ILLEGALS HAVE KIDS.
Biden's 2024 budget proposes up to $300 per month per child for families in Ohiohttps://share.newsbreak.com/3anot7b8USDC Holders Panic Sell Amid Solvency Concerns MARCH 10https://blockchain.news/postamp?id=usdc-holders-panic-sell-amid-solvency-concerns
DON'T TRUST CLOSED DOORSU.S. Federal Reserve governors to hold closed-door Mondayhttps://share.newsbreak.com/3annzvp2
CEO of failed Silicon Valley Bank no longer a director at SF Fed
https://share.newsbreak.com/3annl5g6 Oh, So That's the Key Position Silicon Valley Bank Did Not Fill For Eight MonthsLINKShttps://townhall.com//tipsheet/mattvespa/2023/03/13/could-this-be-why-silicon-valley-bank-collapsed-n2620508?utm_source=thdaily&utm_medium=email&utm_campaign=nl&bcid=b6c7e45517db205a05162beabba5ffc9f83c07f7150c95a1c12011e266a2de8c&recip=19488896
SVB had no official chief risk officer for 8 months LINKShttps://fortune.com/2023/03/10/silicon-valley-bank-chief-risk-officer/ NO TAXPAYER BAIL OUT, WHERE HAVE WE HEARD THAT BEFORE? CLOSED DOOR MEETINGS?WHAT DO YOU CALL $25 BILLION? BANK BAILOUT.Biden Weighs in on the Silicon Valley Bank Collapse https://townhall.com//tipsheet/katiepavlich/2023/03/13/biden-weighs-in-on-the-silicon-valley-bank-collapse-n2620522?utm_source=thdaily&utm_medium=email&utm_campaign=nl&bcid=b6c7e45517db205a05162beabba5ffc9f83c07f7150c95a1c12011e266a2de8c&recip=19488896 CORPS DO 2 THINGS, FLEE COUNTRY, OR RAISE COSTS. THEY DON'T PAY TAXES, YOU PAY TAXES.
Joe Biden Aims to Mirror Blue State Taxes on Rest of Country
https://www.patrioticviralnews.com/articles/joe-biden-aims-to-mirror-blue-state-taxes-on-rest-of-country/ Biden Administration Fights 50 Million American Citizens Who Own BTChttps://cryptogazette.com/biden-administration-fights-50-million-american-citizens-who-own-btc/PAY YOUR OWN STUDENT LOAN, OR SERVE IN THE MILITARY LIKE MANY DO.
SoFi Is Suing the Biden Administration to Try to Avoid Tens of Millions in Losses
SoFi recently sued the Biden administration due to its decision to extend the student loan moratorium for the eighth time. https://share.newsbreak.com/3anlruc1 FOREX-Dollar slides as U.S. intervenes on SVB collapseWHAT DO YOU CALL $25 BILLION? BANK BAILOUT.https://www.nasdaq.com/articles/forex-dollar-slides-as-u.s.-intervenes-on-svb-collapse
Stocks week ahead: US banks sitting on unrealized losses of $620 billionhttps://www.cnn.com/2023/03/12/investing/stocks-week-aheadSignature Bank shut down as FDIC, Treasury, and the Fed cite ‘systemic risk’Another big crypto bank has vanished, with the Treasury, FDIC, and Federal Reserve citing “systemic risk” at Signature, while promising Silicon Valley Bank depositors will have access to all of their funds on Monday.https://www.theverge.com/2023/3/12/23636780/crypto-collapse-fdic-treasury-shut-down-signature-bankWall Street's 4 top banks just had $55 billion wiped off their market value in a single day
Community Bank System Enters Oversold Territory
https://www.nasdaq.com/articles/community-bank-system-enters-oversold-territory Crypto's bedrock bank implodes Silvergate underpinned almost every American crypto company.
Banks exist to handle your money.