SVB CEO and other execs caught red handed with insider trading.
(media.greatawakening.win)
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Didn't Jim Cramer say to buy this shit just last week?
Yup.
https://www.benzinga.com/news/22/10/29184870/i-want-you-to-bet-against-me-jim-cramer-calls-out-new-inverse-etf-with-his-42-years-of-success
Can't wait til this etf traces back to HIM.
kek
Yep. Now he's saying "JP Morgan is a Fortress."
So… dump JPM?
Short the fuck out of it..!
Pumping before dumping.or so he can...
Money did/does not simply 'disappear'.
This has been done time and again, and no, they don't need a bailout.
See Great Depressions/Stock Crashes, US history.
What are some alternatives to private/public bank ownership shenanigans?
Are banks truly necessary as middle men? If they have no actual assets other than YOURS, how is it not a fascist private/social organization with no service other than gatekeeper? Do you get interest on your savings worth a didley for the use of YOUR money? How are loans bought and sold by third, fourth and fifth parties and why do we allow this?
How many times would a bank have to go broke and reform in order to call itself the 'Fifth Third National Bank' while privately owned anyway? How is this done without shorting depositors?
Just thoughts.
Well... Money in a bank at this point is essentially binary ones and zeroes, so money COULD just disappear.
Re: Are banks necessary? Yes, to an extent. Local banks and credit unions are pretty necessary, as there is security in having your money insured and having its safety ensured with equipment you would not otherwise be able to afford.
Imagine being one of those mattress stuffers who has tens of thousands of dollars saved, and then lost it all in a freak fire. That's what banks prevent, and that's why a local bank is good.
As middle men, it does aid in payment processing in a very effective way, allowing you to order things that are outside of your state or country's scope. This is important for things like PC components, where we do not manufacture much, as well as source materials from various regions with the best prices to keep your costs low.
The problem isn't necessarily the bank directly.
The problem starts with the federal reserve, and festers from that point on.
All they did was make coin clipping devious again with the fed reserve. A tale as old as time. Now they do it digitally with 1s and 0s. Its made possible because the petrodollar. If half the world didnt have to buy our oil using USD it would have crashed a very long time ago. They are able to print and create trillions of dollars to pay defense contractors, bribe politicians, lobbying, fund wars, fun the startup companies that their tribes own and operate and choke out the rest. If a country threatens to go off our petrodollar we have them overthrown, mutilated and bayoneted in the ass.
If you understand the DOLLAR and who is behind it, you understand every major conflict in the last century or more.
Why do you think we blew up Nordstream 2? It threatened our petrodollar.
Like banks for instance
https://money.cnn.com/quote/shareholders/shareholders.html?symb=SIVB&page=1&duration=365
18 pages of insiders traders
Law enforcement???? Pffff. Hahaha.
You mean YES MEN???
What the actual fuck are those faggots gonna do?? Half the force would go down with em!!!
https://truthsocial.com/users/WallStreetApes/statuses/110003763920021752
When Jim Cramer says buy, that’s when you sell or short
Inverse Cramer tracker
Or buy some Inverse Kramer ETFs
Posted this link in another thread, but highlighting:
HTM = held to maturity AFS = available for sale
They knew they were getting in over their head six months ago. Where were the regulators back then? Oh, but the CEO was also apparently on the Board of Directors at the SF Fed. Uh, he's not anymore.
https://www.netinterest.co/p/the-demise-of-silicon-valley-bank
Let's look a little at the three of their insiders shown above.
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https://www.svb.com/profile/daniel-beck
I bet the depositors are ever-so-glad Mr. Beck was "... Dan is an executive sponsor of the company’s employee resource group focused on Black/African American employees ...", but I wonder if they'd have been happier if his focus was on honest banking.
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https://gb.wallmine.com/people/22388/daniel-j-beck
Includes a section on insider trading. Might be worth a further dig.
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https://www.sec.gov/Archives/edgar/data/719739/000071973917000025/appointmentofofficer8-k.htm
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https://www.svb.com/profile/greg-becker
From the above profile -- "... SVB has been included in the Bloomberg Gender-Equality Index for the last five years ..." and "... Greg has also prioritized investments and initiatives to increase diversity and inclusion at SVB and across the innovation ecosystem ..."
So he's apparently been a good little marxist business-country-society destroyer, but maybe not the best bank executive. Now, the article below shows how he deliberately lobbied for weakening of banking regulations, eight years ago, during Barry's reign of terror against America. (Note the following article is limited by subscription, but there's enough to get the gist).
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https://www.theguardian.com/business/2023/mar/11/silicon-valley-bank-weaken-risk-regulations-svb
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And Mr. Becker seems to be involved in an organization called One Mind At Work which might be worth a further dig. Here's their leadership.
https://onemindatwork.org/leadership/
(BTW that Barrett Lehnen looks awfully familiar. Anyone recognize him from elsewhere?)
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https://www.svb.com/profile/michelle-draper
https://www.sec.gov/files/18-00526-t.pdf
https://secsearch.sec.gov/search?utf8=%3F&affiliate=secsearch&query=Svb
I don't really agree with calling it insider trading in this front, insider trading would be an insider from the company telling outsiders who aren't with the company what they're doing on purpose.
I think if your company is failing and you know it, you shouldn't be forced to lose everything. Like with Martha Stewart. If you're told you're going to lose money, why is it morally and legally required that you just lose it like some destined future?
Downvote if you want, but provide some reasoning why you should be forced to go down with the ship.
You can't be serious - insider trading is if "an insider" - someone on the inside - trades on information only people on the inside know. Like. This.
It doesn't just mean an insider tells an outsider something they trade on like the Pelosi's do.
If they told everyone last week the bank was going down, they could've likely traded shares legally without it being insider trading (barring some stupid unforseen regulatory thing saying they can't) but in reality nobody would buy them because it was failing.
It's the CEO. It's automatically knowing. Why should they not use the information they have to save themselves?
I don't get it. Do you think that Martha Stewart was guilty of insider trading because she was told information and opted to save herself instead of treating it like a preordained event?
Sorry (not really), I just think it's incredibly stupid to treat it this way unless they deliberately drove the business into the ground. It's unreasonable to expect someone to just sit there knowing they are going to lose an ass load of money.
CEO’s clients of SVB Shan Lyn Ma of Zola, Frida Polli of Pymetrics, Shivani Sitoya of Tala, Irving Fain of Bowery farming, Ian Siegel of ZipRecruiter, John Tania of Bouqs Company, See web site https://www.svb.com
Once again: crickets....
Why do you that nk that they didn't replace their corporate risk officer?