SVB does not deserve a bailout.
— Alf (@MacroAlf) March 11, 2023
A deep look at their financial statement reveals how horrific they were at risk management.
And in my opinion incompetence explains only part of it.
Moral hazard must have been at play.
A thread.
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Orange Site:
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"The free market is a jungle, it’s beautiful and brutal and should be left alone. When a business fails it dies and a new better business takes its place. The government should not prop up a failed business that would be like giving food to a mortally wounded animal instead of slitting its throat and properly utilizing its meat and pelt."
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How could this person be bad at their job
What pronouns does $SVB use? Bankrupt/insolvent?
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You were baited by a daily mail article lmao![:marseygigaretard: :marseygigaretard:](/e/marseygigaretard.webp)
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Actually no. SVB didnt have head risk managment for 9 months until January of this year when they hired Kim Olson.
She was one in charge both until then. How new are you to fall of these tricks and dont even do you own googling
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True
Well, I'll need a citation for that. Your image only proves that she is on the board of directors of the "Diversity Role Models" charity.
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Im just posting pictures where people can see how she looks like.
There is multiple publications and presses that adress her as svb head of risk managment. Lot of stuff around her have been purged(sus) but you can still find them.
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We have already established there was no the head of risk management. If she was referring to herself as such, it means she either omitted "UK" or "acting". But the former is much more likely because there's no evidence for the latter.
Ah yes, of course, the classic "there's no evidence because it was memoryholed, which proves I'm right".
And they only protected that one specific diversity hiree and none of the executives.
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She has purged her own stuff herself. You can still find her emails
But not much anything else. There is no they. She is just clever then rest.
You just keep finding her adressed head of risk managment. Svb over and over again. Only place where you find uk limited is that one bio.
Everything points she was acting head of risk management until january. And you cant convince me otherwise. No matter how hard she makes you peepee
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How much do you wanna bet she's "sapiosexual" or something like that
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yeah but they're gonna get one
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it's all a nothingburger![:marseysal: :marseysal:](/e/marseysal.webp)
the startups should be able to sell their claims to uninsured deposits to some wallstreet hedge fund by monday and then make payroll
all these calls for bailouts and making depositors whole are just driven by VCs that are more concerned about their own bottom line than the "livelihoods of startup employees"
Some VCs (and bill ackman) are now quote-twitting random twitter accounts that have noticed
that First Republic Bank may be failing in an attempt to accelerate and precipiate more bank runs ![:marseyflamewar: :marseyflamewar:](/e/marseyflamewar.webp)
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How bad is this for codecels? Need to know if I should be spiffing up the resume.
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Unless you're at a startup you should be fine
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it's a![:marseysal: :marseysal:](/e/marseysal.webp)
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Worst time to be spiffing up the resume because you're going to see a flood of unemployed techies
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I'm more concerned about the potential of becoming a part of that flood than the conditions inside it for the moment
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bitcoin fixes this
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Snapshots:
archive.org
ghostarchive.org
archive.ph (click to archive)
https://news.ycombinator.com/item?id=35112818:
archive.org
ghostarchive.org
archive.ph (click to archive)
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Oh no! Look how sad she is. Here you go marsey
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