Talk about a Dream Team!
SVB Management
- CEO: Director at San Francisco Fed
- CFO: Former analyst at Freddie Mac
- Chief Admin Officer: Former CFO of
Lehman Brothers
- Chief Risk Officer: Led credit ratings in 2007
- Chief Legal Officer: General Counsel at
Citibank in 2008
And over the last 2 weeks, management sold nearly $5 million in stock.
Enough players for an indoor soccer team
Noooooo, not a SCAM! Just legacy banking doing their thing.
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wow this is hilarious
๐ฑ๐ฑ๐ฑ
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All cretans that knew they could get away with it from past experience smh
Clearly, none of those guys knew a thing about running/hedging a securities portfolio. Their portfolio was too large relative to total assets, and badly mismatched vs their liabilities.
Total incompetence.
Read macroalf's post on the shit show app today. He does not believe it was incompetence. It was moral hazard and that old ibgybg circa 2008. ๐คฎ
Clearly, none of those guys knew a thing about running/hedging a securities portfolio. Their portfolio was too large relative to total assets, and badly mismatched vs their liabilities.
Total incompetence.
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Your post is receiving a lot of attention.
Added to the https://member.cash/hot feed
Fiat in a nutshell
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This link provides access to all the companies 8-K forms that confirm exposure to SVB.
Explains so much now
Par for the course man. Get with the program.
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