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Political Discussion
Reply to "SVB Bank Run: Fed Calling Emergency Meeting "
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[quote=Anonymous][quote=Anonymous]The discussion in finance circles and mainstream circles as to the cause of this bank collapse are so very different.[/quote] Agreed. So many idiots on Twitter trying to make this about ESG, or the folly of DEI, or that they had an all women investment committee. This wasn’t a credit risk event with bad loans and huge write offs. This was a whisper campaign-driven bank run that looks more and more like it started with Peter Thiel and horrific liquidity risk management practices by the bank. The only nexus this has to “Silicon Valley” is that it’s an incestuous community that spooked itself into collapsing their very own lender through a bunch of DM whispers. So pathetic.[/quote]
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