Even if true it does not validate your statement regarding g humans and their need for regulation, by other humans. The moral of the Roman empire is that morality cannot be legislated. While what SVB leadership did was abhorrent the really immoral thing is the non-bailout bailout as it essentially rewarded bad behavior. Plus existing rules/laws were not followed and it appears the SF Fed was lax.
Even if true it does not validate your statement regarding g humans and their need for regulation, by other humans. The moral of the Roman empire is that morality cannot be legislated. While what SVB leadership did was abhorrent the really immoral thing is the non-bailout bailout as it essentially rewarded bad behavior. Plus existing rules/laws were not followed and it appears the SF Fed was lax.
There's no perfect answer here as it's obvious humans cannot regulate themselves that's why we have roles in a civilized society. Regulators have the role of regulating, is it perfect? Not in the least but it is a deterrent.
While I agree that there is no perfect solution I have far more faith in infallible humans than I do in government regulators. IMO those who believe in government fixes for everything are the ones incapable of ruling themselves. And are ruining it for more cognizant folks. I also find it very interesting that you have no hesitation squarely placing all SVB collapse blame on Trump although his actions were a bi-partisan action, while simultaneously placing no fault on the Biden administration for its certain role in the collapse - high interest rates which devalued the bonds SVB relied on to secure its deposits. But rather your solution is more governance. There is none so blind as he who will not see.
Lynne I'm tired of conversing along party lines, I just don't do it. We've debated here in the past and looks like you're okay going that. You're making some assumptions here, criticizing the roll back of prudent regulations is not the same as asking for more regulations or making regulations the answer all. The higher interest rate were necessary to combat inflation and SVB being a financial institution should have shuffled their investments but were free to be reckless because they didn't have any guard rails anymore. I absolutely don't agree with the bailout but the ramifications of not intervening would've been worse given how the herd panic works. The government is also made up of humans we can be a Monday morning quarterback all we want but being in public service is a sacrifice. It's hard to regulate with the polarization in politics and the ever scorching public eye.
Shri, your holier than thou is tedious. But you have played true to form. When you can't use your words anymore, blame the other person. Conversation over.
Even if true it does not validate your statement regarding g humans and their need for regulation, by other humans. The moral of the Roman empire is that morality cannot be legislated. While what SVB leadership did was abhorrent the really immoral thing is the non-bailout bailout as it essentially rewarded bad behavior. Plus existing rules/laws were not followed and it appears the SF Fed was lax.
There's no perfect answer here as it's obvious humans cannot regulate themselves that's why we have roles in a civilized society. Regulators have the role of regulating, is it perfect? Not in the least but it is a deterrent.
While I agree that there is no perfect solution I have far more faith in infallible humans than I do in government regulators. IMO those who believe in government fixes for everything are the ones incapable of ruling themselves. And are ruining it for more cognizant folks. I also find it very interesting that you have no hesitation squarely placing all SVB collapse blame on Trump although his actions were a bi-partisan action, while simultaneously placing no fault on the Biden administration for its certain role in the collapse - high interest rates which devalued the bonds SVB relied on to secure its deposits. But rather your solution is more governance. There is none so blind as he who will not see.
Lynne I'm tired of conversing along party lines, I just don't do it. We've debated here in the past and looks like you're okay going that. You're making some assumptions here, criticizing the roll back of prudent regulations is not the same as asking for more regulations or making regulations the answer all. The higher interest rate were necessary to combat inflation and SVB being a financial institution should have shuffled their investments but were free to be reckless because they didn't have any guard rails anymore. I absolutely don't agree with the bailout but the ramifications of not intervening would've been worse given how the herd panic works. The government is also made up of humans we can be a Monday morning quarterback all we want but being in public service is a sacrifice. It's hard to regulate with the polarization in politics and the ever scorching public eye.
Shri, your holier than thou is tedious. But you have played true to form. When you can't use your words anymore, blame the other person. Conversation over.
Look in the mirror for a change and be open minded. Thanks though I know not to respond to small minded people like you.
🤣