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Forum » Was SVB just another money laundering operation similar to FTX?
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Thread: Was SVB just another money laundering operation similar to FTX?

post 1678977273 03-14-2023, 08:09 PM
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Was SVB just another money laundering operation similar to FTX?

The huge BLM donation appears to be a red flag unless I'm misinterpreting it.
The Era of Great Noticing has begun.
Modern liberalism is morally bankrupt and demonic.
Right wing politics is the new counter-culture.
Wincel: "I'm saying even the govt of China, while brutal at times, is NOT our enemy. Period."
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The 2nd Cold War has begun.
post 1678977433 03-14-2023, 08:13 PM
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Not sure, but for sure SVB was woke AF, handing out loans to any and every so-called tech firm that was liberal. Idiots on the fast lane to fail.

98% of the board was unqualified and had no investment banking experience, other than heavily donating to the democratic party.
Helping one person may not change the world, but it could change the world for one person.
post 1678977663 03-14-2023, 08:18 PM
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Originally Posted By Mark1T⏩
Not sure, but for sure SVB was woke AF, handing out loans to any and every so-called tech firm that was liberal. Idiots on the fast lane to fail.

98% of the board was unqualified and had no investment banking experience, other than heavily donating to the democratic party.
Makes ya wonder...
The Era of Great Noticing has begun.
Modern liberalism is morally bankrupt and demonic.
Right wing politics is the new counter-culture.
Wincel: "I'm saying even the govt of China, while brutal at times, is NOT our enemy. Period."
Has Beowulf10 ever experienced true love? Where did he go?
Education is humanity's key to salvation.
The 2nd Cold War has begun.
post 1678981643 03-14-2023, 10:02 PM
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Not really, just incompetence, bad bets, sht risk management (both liquidity and concentration), mostly just bankers doing banker stuff.
My personal pronouns are: Don't talk to me/Fck off
post 1678981683 03-14-2023, 10:03 PM
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Originally Posted By Weightaholic⏩
Not really, just incompetence, bad bets, sht risk management (both liquidity and concentration), mostly just bankers doing banker stuff.
I guess the same can be said for FTX's mismanagement right?
The Era of Great Noticing has begun.
Modern liberalism is morally bankrupt and demonic.
Right wing politics is the new counter-culture.
Wincel: "I'm saying even the govt of China, while brutal at times, is NOT our enemy. Period."
Has Beowulf10 ever experienced true love? Where did he go?
Education is humanity's key to salvation.
The 2nd Cold War has begun.
post 1678981813 03-14-2023, 10:06 PM
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Originally Posted By XterraRob⏩
I guess the same can be said for FTX's mismanagement right?
No, FTX wasn't "mismanagement", that was just flat out fraud. On a fcking epic scale too.
My personal pronouns are: Don't talk to me/Fck off
post 1678982293 03-14-2023, 10:15 PM
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Originally Posted By Weightaholic⏩
No, FTX wasn't "mismanagement", that was just flat out fraud. On a fcking epic scale too.
Remember Solyndra?
The Era of Great Noticing has begun.
Modern liberalism is morally bankrupt and demonic.
Right wing politics is the new counter-culture.
Wincel: "I'm saying even the govt of China, while brutal at times, is NOT our enemy. Period."
Has Beowulf10 ever experienced true love? Where did he go?
Education is humanity's key to salvation.
The 2nd Cold War has begun.
post 1678982663 03-14-2023, 10:23 PM
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Looks like a total woke lefty finance laundering scheme from what I can tell.

And people wonder why it failed?
Words to live by...."You're at the shopping mall with your girl but a hot chick walks by. Are you going to look at the hot girl? No. You use your peripheral vision."
post 1678982733 03-14-2023, 10:25 PM
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Originally Posted By XterraRob⏩
Remember Solyndra?
Vaguely. Solar cells, fraud to secure a government grant something something IIRC.

Regardless, what makes you think either FTX or SVB were/are primarily about money laundering?
Originally Posted By BeachPro11⏩
Looks like a total woke lefty finance laundering scheme from what I can tell.

And people wonder why it failed?
And again, I'm not seeing any evidence of large scale money laundering, I'm more than willing to look at it that way if you have some evidence.
My personal pronouns are: Don't talk to me/Fck off
post 1678983063 03-14-2023, 10:29 PM
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Originally Posted By Weightaholic⏩
Vaguely. Solar cells, fraud to secure a government grant something something IIRC.

Regardless, what makes you think either FTX or SVB were/are primarily about money laundering?

And again, I'm not seeing any evidence of large scale money laundering, I'm more than willing to look at it that way if you have some evidence.
Because everything is so insanely corrupt right now with zero accountability. Why the f*ck not?
The Era of Great Noticing has begun.
Modern liberalism is morally bankrupt and demonic.
Right wing politics is the new counter-culture.
Wincel: "I'm saying even the govt of China, while brutal at times, is NOT our enemy. Period."
Has Beowulf10 ever experienced true love? Where did he go?
Education is humanity's key to salvation.
The 2nd Cold War has begun.
post 1678983343 03-14-2023, 10:35 PM
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Seems like it was just a bank run by incompetent people letting ego and arrogance in their way.

They overvalued their knowledge and ability.

Pretty much it.
post 1678983513 03-14-2023, 10:40 PM
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I saw some stuff about dodgy chinese accounts. They normally looked at a startup for 3-6 months before approving them, but they were approving chinese startups after one week with just a cellphone number.

I don't know how much truth there is to that, but it sounds very suspicious if true.
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post 1678983553 03-14-2023, 10:41 PM
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They were funneling a ton of money into Ukraine and woke social politics, what do you think?
post 1678983963 03-14-2023, 10:53 PM
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Originally Posted By gachase21⏩
Seems like it was just a bank run by incompetent people letting ego and arrogance in their way.

They overvalued their knowledge and ability.

Pretty much it.
This. Over leveraged high risk investments with investor capitol etc. Just like 2008. No conspiracy needed. Let them die.
post 1678985023 03-14-2023, 11:40 PM
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Maybe. A billion was moved to israel right before the collapse
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post 1678986513 03-15-2023, 12:54 AM
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Originally Posted By XterraRob⏩
Because everything is so insanely corrupt right now with zero accountability. Why the f*ck not?
Because the truth matters? Because, even though what you say is true, it doesn't mean you should make up your own reality?

Again, not saying it isn't true, but until something floats up to prove that theory, why not believe what is coming to light - making bad bets, generally not bothering with risk management, hedging rates etc etc. Just general fckery. Not that hard to believe, given the industry in general has well-documented form.
My personal pronouns are: Don't talk to me/Fck off
post 1678989683 03-15-2023, 04:35 AM
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yes they were a woke bank. yes they donated to BLM.



the fact is all these banks invested in US treasuries back in 2020/2021 when interest rates were low af. because interest rates have risen the way they have, US treasures that are issued now have a way higher return and yield compared to the 2020/2021 treasuries issued. so why would ANYONE want a US treasury note/bill/bond from 2020/2021 when they can just a newly issued treasury that offers more interest and yield?


its like you retards dont know a fking thing. treasuries are the SAFEST asset out there and banks are failing because of their investments in least risk averse asset class around.


and you focus on blm donations? lmao.
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post 1678989723 03-15-2023, 04:37 AM
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SVB was where a lot of money went from Biden and the Democrats huge inflation causing spending spree.

Ironically it is Biden and the Democrats politics that caused SVB to collapse. It is the Democrats big spending and money printing that caused high inflation which in the end caused the woke Democrat donating bank to go under.


Biden's $4TRILLION COVID stimulus package helped create a tech investment bubble – that was punctured by interest rate rises, leaving banks with multibillion dollar shortfalls (but CEO of SVB sold $4M in shares BEFORE the crash)

https://www.dailymail.co.uk/news/art...nt-bubble.html

excerpt:

The collapse of Silicon Valley Bank was swift. In just a few days the 16th largest bank in the country suffered the second-worst banking collapse in US history.

But the seeds of the bank's demise were sown in its pandemic boom when Joe Biden's $4 trillion COVID stimulus package flooded Silicon Valley with easy money.

In January 2020, SVB had $55 billion in customer deposits on its books - and by the end of 2022 that had more than trebled to $186 billion.

SVB invested heavily in long-term government bonds and 10-year mortgage-backed securities, attracted by higher 1.5 percent yields compared to the short-term Treasury bonds paying 0.25 percent.

Yet when interest rates rose, the bond prices fell......
post 1678990993 03-15-2023, 05:19 AM
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Originally Posted By Mark1T⏩
Not sure, but for sure SVB was woke AF, handing out loans to any and every so-called tech firm that was liberal. Idiots on the fast lane to fail.

98% of the board was unqualifiedand had no investment banking experience, other than heavily donating to the democratic party.
This explains the Biden administration


They're woke and making us the tax payer broke
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post 1678992803 03-15-2023, 06:03 AM
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Seems like they also had a lot of CHY-NA connections, definitely a possibility it was a money laundering setup.
#
post 1678994383 03-15-2023, 06:39 AM
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Originally Posted By Weightaholic⏩
And again, I'm not seeing any evidence of large scale money laundering, I'm more than willing to look at it that way if you have some evidence.
Guys c'mon ... if Special Investigator Weighty can't see any sign of money launderinng from his position there must not be any

post 1678994793 03-15-2023, 06:48 AM
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They went out and bought bonds in a period of inflation where the Fed was raising rates.


They spent all their time on ESG diversity queer bullchit and none on common sense.
post 1678997303 03-15-2023, 07:36 AM
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Originally Posted By DuracellBunny⏩
I saw some stuff about dodgy chinese accounts. They normally looked at a startup for 3-6 months before approving them, but they were approving chinese startups after one week with just a cellphone number.

I don't know how much truth there is to that, but it sounds very suspicious if true.
Foundersfund (SF based) was the main VC which sparked the entire thing off - once they advised their portfolio to withdraw their funds, several others got spooked and started following suit. That's what caused the whole thing to come down once SVB had no option but to take big L's on their treasuries and MBS portfolios.

SVB was just a perfect and unique storm of things - 90% of their creditors being schizo tech startups, a huge influx of deposits during the boom in VC funding, and unnaturally low interest rates.

Of course they could and should have done more to hedge interest rate risk (and their accounting practices with how they marked their bond portfolios were all wrong) and I've been reading about some interesting ALM strategies in the past week which may have helped them a little, but really all banks are massively leveraged and so can't usually survive runs like this. Borrowing short and lending long naturally means you will get ****ed if the above permutation of conditions happens.
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post 1678998843 03-15-2023, 08:12 AM
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Originally Posted By gachase21⏩
Seems like it was just a bank run by incompetent people letting ego and arrogance in their way.

They overvalued their knowledge and ability.

Pretty much it.
No way you're naive enough to belief this was the main reason?
post 1678998903 03-15-2023, 08:13 AM
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of course it is. look at at who its clients are
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post 1679000513 03-15-2023, 08:40 AM
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Originally Posted By XterraRob⏩
Remember Solyndra?
This is exactly like that but on a much larger scale. Same with Ukraine.
Originally Posted By Weightaholic⏩
Vaguely. Solar cells, fraud to secure a government grant something something IIRC.
Yes and no. The Obama administration pushed hard for Solyndra to be granted Government loans as well as money that was allocated by congress for businesses that were investing in "Green New Technology".
Solyndra received a fuk-ton of money and promptly began donating huge sums of cash to multiple democratic campaigns and leftist organizations. They built a nice big new plant (empty building) and promptly went bankrupt.
Never bought any raw material to produce solar panels, never built a single solar panel. Taxpayer were left on the hook for all of it. There are stories like this everywhere. The average person just assumes a business went under without really knowing that they footed the bill for a lot of people to get rich, and that the business was never supposed to succeed. SVB is no different, just done on a much larger scale.
Originally Posted By JayJ350⏩
They were funneling a ton of money into Ukraine and woke social politics, what do you think?
Everyone was getting rich and nobody cared if the bank failed, because they all knew the bank would get bailed out when it failed.
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post 1679005983 03-15-2023, 10:24 AM
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Originally Posted By Weightaholic⏩
Because the truth matters? Because, even though what you say is true, it doesn't mean you should make up your own reality?

Again, not saying it isn't true, but until something floats up to prove that theory, why not believe what is coming to light - making bad bets, generally not bothering with risk management, hedging rates etc etc. Just general fckery. Not that hard to believe, given the industry in general has well-documented form.
What is truth to someone who consistently leans Left and mindlessly endorses a corrupt political establishment? Truth in the eyes of the corrupt is whatever is politically convenient at the time. Forgive me if I'm less inclined to lend an ear to what anyone on the Left has to say about anything.

All I'm doing is asking questions because the amount donated to BLM is extremely peculiar, which sounds like a money laundering operation given the corruption we've already seen in that organization.

Remember FTX? Lefties were calling any speculation about their activities as "conspirscy theories", then low and f*cking behold the truth comes out.

I swear, learning to ask questions would do a lot of good for you retards.
The Era of Great Noticing has begun.
Modern liberalism is morally bankrupt and demonic.
Right wing politics is the new counter-culture.
Wincel: "I'm saying even the govt of China, while brutal at times, is NOT our enemy. Period."
Has Beowulf10 ever experienced true love? Where did he go?
Education is humanity's key to salvation.
The 2nd Cold War has begun.
post 1679006353 03-15-2023, 10:31 AM
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Originally Posted By Mountaineer92⏩
yes they were a woke bank. yes they donated to BLM.

the fact is all these banks invested in US treasuries back in 2020/2021 when interest rates were low af. because interest rates have risen the way they have, US treasures that are issued now have a way higher return and yield compared to the 2020/2021 treasuries issued. so why would ANYONE want a US treasury note/bill/bond from 2020/2021 when they can just a newly issued treasury that offers more interest and yield?

its like you retards dont know a fking thing. treasuries are the SAFEST asset out there and banks are failing because of their investments in least risk averse asset class around.

and you focus on blm donations? lmao.
$73 million donated to BLM causes.

And it's not like anything associated with BLM was corrupt or anything. Founders and leaders within the organization were definitely not self-enriching. No one was using BLM as a vehicle to move money around, certainly not.

It stinks.
The Era of Great Noticing has begun.
Modern liberalism is morally bankrupt and demonic.
Right wing politics is the new counter-culture.
Wincel: "I'm saying even the govt of China, while brutal at times, is NOT our enemy. Period."
Has Beowulf10 ever experienced true love? Where did he go?
Education is humanity's key to salvation.
The 2nd Cold War has begun.
post 1679009473 03-15-2023, 11:26 AM
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#29
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Originally Posted By XterraRob⏩
$73 million donated to BLM causes.

And it's not like anything associated with BLM was corrupt or anything. Founders and leaders within the organization were definitely not self-enriching. No one was using BLM as a vehicle to move money around, certainly not.

It stinks.
This is your takeaway. Not the fact that the Fed just nuked the entire economy.

this is why you are a midwit.
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post 1679011613 03-15-2023, 12:00 PM
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Yep, more leftist stealing and bailouts to avoid all consequence.
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"The strong do what they can, and the weak suffer what they must" -Thucydides
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