hipipol
Peckham Wry
hey we found the problem with SVB
Oh My, why no reference to their not having a Risk Manger for the last 9 months or having unwound ALL their interest rate hedges 2 years ago to save money? Also worth noting, Bernie Saunders predicted this years ago when Trump unwound the provisions of the Dodd-Frank Act, allowing lowering of Capital provisions - hardly an arch Capitalist, he was able to see how this was a near certainty. PLus, SVB was regulated as a "Community Bank" meaning that it was not Basel 3 compliant, as ALL UK and European banks - stupidity on a massive level - but of course being the US, Culture bollocks is the major whine. The USA needs to get grip, and we need to stop being their mini me copyists