SVB - CAO 😳

[Deleted member 28227]

The proverbial WallStreet hat trick…

 

[Southern Elk]

At least they all got their bonuses before the collapse. What a joke!

Silicon Valley Bank employees received bonuses hours before government takeover

The SVB employee bonuses were for work done in 2022 and had been in process days before the company's collapse, sources said.

www.cnbc.com

 

[noharleyyet]

At least they all got their bonuses before the collapse. What a joke!

Silicon Valley Bank employees received bonuses hours before government takeover

The SVB employee bonuses were for work done in 2022 and had been in process days before the company's collapse, sources said.

www.cnbc.com

....too pedigreed to fail . . . ?

 

[Schaaf]

I have a long standing belief that this country started circling the drain the second the white collar folks stopped fearing a few guys with nails pounded into baseball bats knocking on their door in the middle of the night.

 

[Red Fox]

At least the top people were able to sell their stock before this got out.

 

[Marshian]

Public executions or at least tar and feathering maybe weren’t such a bad thing sometimes.

 

[westbranch]

Failing upward seems to work well in corporate America.

 

[longbow51]

They saw it on a movie. The Big Short. IIRC, only one person suffered any consequences for the collapse related to subprime loans, although that is a bit of a simplification.

The point is that the senior guys made out like bandits; in this case selling stock and taking bonuses. But they were woke, so extremely unlikely anyone will suffer for their actions.

 

[Schaaf]

Everyone with student loan debt right now.

 

[MarvB]

This guy Megs a different kind of stock, not bedded but in a town square!

 

[Deleted member 28227]

 

[338win]

The proverbial WallStreet hat trick…

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I never got into shorting stocks but if this guy gets another job I might start.

 

[stealthy_bowman]

The proverbial WallStreet hat trick…

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Now that is quite a resume with epic marks of distinction! At least he’s consistent lol.

 

[VikingsGuy]

Surprised he failed to have a few years at Enron. To young maybe?

 

[Deleted member 28227]

Surprised he failed to have a few years at Enron. To young maybe?

Arthur Andersen went down because of its audit of Enron, so don't worry he didn't miss out on that party.

 

[BigHornRam]

The Banking Queen is back in the news as well......

 

[longbow51]

The Banking Queen is back in the news as well......

No kidding; I always tried to do a good job. Totally missed fracking up and getting hired again.

 

[BigHornRam]

Another gubermint conspiracy.

Signature Bank seized to send banks a message, director says

A regulatory takeover of a New York-based bank was intended to send a message to banks to stay away from the cryptocurrency business.

apnews.com

 

[SAJ-99]

Another gubermint conspiracy.

Signature Bank seized to send banks a message, director says

A regulatory takeover of a New York-based bank was intended to send a message to banks to stay away from the cryptocurrency business.

apnews.com

One week ago, the JPM analyst called it a buy, So

 

[nrpate05]

I've never seen the government act so fast until it came to bailing out a bunch of white collar tech dudes. The bank failed and in a weekend the gov't came up with all that cash?! Be neat if they could figure out how to get some assistance to those folks in East Palestine...but I digress. Maybe if East Palestine was in Ukraine they could get some help...

Apparently one of those tech companies had nearly a half a billion in one bank account. How irresponsible is that??