Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum ยป Was SVB just another money laundering operation similar to FTX?
  1. Results 31 to 38 of 38
  2. Page 2 of 2
  3. First
  5. 1
  6. 2

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

post 1679011903 03-15-2023, 12:03 PM
-
#31
  1. Austanian
  2. IDDQD
  1. Austanian
  2. IDDQD
  3. Join Date: Jul 2009
  4. Location: Coeur D Alene, Idaho, United States
  5. Posts: 22,120
  6. Rep Power: 89692
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.
Pretty much this.

They were a woke bank and made woke donations.

However, they also seemed to match the general wokeness of tech companies so that isn't surprising.

The current failing is related to SVB using US treasuries as a zero risk asset. (Which it kind of is, but not for when their clients had huge cash inflows and were burning through it like no other.)
post 1679022253 03-15-2023, 03:20 PM
-
#32
  1. GreatOldOne
  2. Cthulhu fhtagn
  1. GreatOldOne
  2. Cthulhu fhtagn
  3. Join Date: Jan 2013
  4. Posts: 39,712
  5. Rep Power: 210947
Money laundering would be more like taking in funds from an illegal enterprise, and then loaning it out. Then writing off the loan. Or changing software which uses algorithms to find fraud and money laundering and skipping accounts or thresholds for accounts that service illegal activities.

I don't think a major bank or even a small one can really get away with that these days following the Bank Secrecy Act. Regulators would eventually get them.

Now and then bank programmers do get compromised by mafias and they'll do illegal things to hide money laundering. That happened at Bank of New York with a Russian mafia but they got caught.
post 1679022353 03-15-2023, 03:22 PM
-
#33
  1. kcadrenalin
  2. Permanent Vacation
  1. kcadrenalin
  2. Permanent Vacation
  3. Join Date: Jun 2007
  4. Posts: 24,727
  5. Rep Power: 349124
Originally Posted By greatoldone⏩
money laundering would be more like taking in funds from an illegal enterprise, and then loaning it out. Then writing off the loan. Or changing software which uses algorithms to find fraud and money laundering and skipping accounts or thresholds for accounts that service illegal activities.

I don't think a major bank or even a small one can really get away with that these days following the bank secrecy act. Regulators would eventually get them.

Now and then bank programmers do get compromised by mafias and they'll do illegal things to hide money laundering. That happened at bank of new york with a russian mafia but they got caught.
lol
________

MFC

________
Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote. -Benjamin Franklin
Tits and Beer
post 1679045643 03-16-2023, 01:35 AM
-
#34
  1. Weightaholic
  1. Weightaholic
  3. Join Date: Nov 2005
  4. Location: Australia
  5. Age: 54
  6. Posts: 34,904
  7. Rep Power: 82209
Originally Posted By Cleveland33⏩
Guys c'mon ... if Special Investigator Weighty can't see any sign of money launderinng from his position there must not be any

Well, if, despite any evidence to the contrary, someone on the internet says it happened, it must have happened.

If it comes to light, sure, I'm willing to reevaluate my position, but as it stands....
Originally Posted By XterraRob⏩
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.
Money laundering is a pretty specific charge, and if it occurred will undoubtedly leave enough paper trail to be idenitified. This hasn't been seen yet, but as stated above, if there's good evidence of it I'll reevaluate my position.
Originally Posted By XterraRob⏩
Remember FTX? Lefties were calling any speculation about their activities as "conspirscy theories", then low and f*cking behold the truth comes out.
As soon as the facts came out I said "wow, that's some big fraud", so I don't know why you're banging on about conspiracy theories. I've always thought all these cryptos were a con. Still do.
Originally Posted By XterraRob⏩
I swear, learning to ask questions would do a lot of good for you retards.
I always ask questions, but I also look at available facts. Randomly throwing out claims of money laundering when there's no evidence of it, then running with the invented claims as if they were fact is deranged, and will not help you get to the truth. Quite the opposite.

The (very simplified) facts as they stand is they invested most of their equity in long dated treasuries at near zero interest rate., Bonds purchased at ~1.6% needed rates to stay permanently low. They didn't. When rates rose depositors start to get sweaty because garbage rates, it started a run on the bank, SVB has to then sell some of these treasuries to pay their depositors crystallising a fat loss, boom, illiquid bank FDIC steps in. All I can see so far is a catastrophic failure of basic risk functions.
My personal pronouns are: Don't talk to me/Fck off
post 1679047233 03-16-2023, 03:56 AM
-
#35
  1. Cleveland33
  2. Registered Gooner
  1. Cleveland33
  2. Registered Gooner
  3. Join Date: Jan 2010
  4. Location: Philadelphia, Pennsylvania, United States
  5. Posts: 66,951
  6. Rep Power: 497617
Originally Posted By Weightaholic⏩
Well, if, despite any evidence to the contrary, someone on the internet says it happened, it must have happened.

If it comes to light, sure, I'm willing to reevaluate my position, but as it stands....
I didn't say it happened.

I said you aren't qualified to make the call that it didn't.

You know, guy on the internet says it didn't happen
post 1679048353 03-16-2023, 04:50 AM
-
#36
  1. Weightaholic
  1. Weightaholic
  3. Join Date: Nov 2005
  4. Location: Australia
  5. Age: 54
  6. Posts: 34,904
  7. Rep Power: 82209
Originally Posted By Cleveland33⏩
I didn't say it happened.

I said you aren't qualified to make the call that it didn't.

You know, guy on the internet says it didn't happen
OK. Thanks for your invaluable and insightful input.
My personal pronouns are: Don't talk to me/Fck off
post 1679048423 03-16-2023, 04:55 AM
-
#37
  1. Cleveland33
  2. Registered Gooner
  1. Cleveland33
  2. Registered Gooner
  3. Join Date: Jan 2010
  4. Location: Philadelphia, Pennsylvania, United States
  5. Posts: 66,951
  6. Rep Power: 497617
Originally Posted By Weightaholic⏩
OK. Thanks for your invaluable and insightful input.
More valuable than you stating it's not money laundering as if you would know
post 1679048513 03-16-2023, 05:00 AM
-
#38
  1. isingmodel
  2. Registered User
  1. isingmodel
  2. Registered User
  3. Join Date: Mar 2019
  4. Age: 56
  5. Posts: 11,925
  6. Rep Power: 57442
Originally Posted By Cleveland33⏩
More valuable than you stating it's not money laundering as if you would know
It seems he stated that there's so far no evidence of money laundering and so isn't going to baselessly believe there was, and you went full sperg on him for no reason
Misc Crypto Crew
BTC to $200k
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts