March 17, 2023, 9:27 PMGreg Becker, President and CEO of Silicon Valley Bank , speaks during the Milken Institute Global Conference in Beverly Hills, Calif., May 3, 2022.Less than two weeks before Silicon Valley Bank became the
Becker wasn't the only member of SVB's top brass to sell company common stocks. In a separate FEC disclosure, also filed March 1, SVB Chief Financial Officer Daniel Beck sold $575,180 in company common stocks on Feb. 27.probing the collapseThe probes, which are separate, are in the preliminary stages and it is not clear whether any wrongdoing has been committed.
One day after Becker's reported remarks, SVB announced a $1.8 billion loss on the sale of securities, including Treasury and mortgage bonds which had lost significant value over the previous year due to an aggressive series of interest rate hikes at the Federal Reserve. The bank laid out plans to raise more than $2 billion in an effort to shore up its balance sheet.
Under the subsection for "Legal, Compliance and Regulatory Risks," SVB said the same regulations now deemed to have been not strong enough were so cumbersome that they could risk business at the company.
Did SpeakerPelosi have time to exit her positions too?
They are all democrats They won't be charged.
Yet nothing will happen to them. And the govt media machine will continue rewarding them.
CLAWBACKS FOR THE LAST 5 YEARS!
Steve miller said it best go on take the money and run! SVBCollapse
Demokkkrats doing demokkkrat shit
NICE !!!
Fu&k capitalism ✊🏾
Lock them up lock them up !
I hope they get long prison sentences.
Convenient timing like when Pelosi sold Google stocks right before DOJ announced the antitrust suit.
Put them in jail and redistribute the money to those who had accounts their. Sounds like they knew something was about to go down.
Yep everyone get there money and then walk out the door total mismanagement
....and nothing will happen. The DOJ and SEC will do nothing
Good for them.
White Collar Crooks. Stealing Billions and Millions. But, never going to Jail. That’s why they keep on Stealing. Why doesn’t the Justice, FBI and other Law Enforcement Agencies, investigate, charge, arrest and prosecute them? Are they above the Law? Seriously!
Bailout banks but no student loan forgiveness.
NBCNews CNN washingtonpost nytimes MSNBC They should bre held accountable. They knew through their incompetence & mismanagement the bank was filing. But decided to look out for themselves whilst not bothering with what the impact of collapse will have on the wider economy
Insider trading at it's best.
Biden is bailing out his cronies.
He took the proceeds from the sale of the stock. did he put it back in SVB or did he put it in Bank of America or Wells Fargo?
And there will be no consequences.
If anyone thinks any of these executives will be prosecuted, I have some beach front property in Nebraska for sale.
Seize their assets?
We should be tracking where there executives are investing now it might give us hints to what is actually going on behind the scenes especially if there still buying stocks in the bank itself tricky tricky these ppl let's watch them closely
Take it all back, jail
Personally, I think they should face the same charges and take the same trip that M. Diddy experienced,
So the Chip Bill passes then Silicon Valley “Semiconductor and chip bank “ goes belly up. That government graft works fast . And tax payer will make up the difference in fees , amazing
FlyingWithSara Pretty woke stock sale.
They learned from Nancy!!
FlyingWithSara
FlyingWithSara
I hope this is illegal
Funny thing here is the federal reserve central bank mafia was created and allowed to operate in America by Congress & Senate to prevent banking & financial failures, but being true to it's nature institutionalized white supremacy won't admit that it's just another hustle
Send him to jail !!!
Sounds like something nancy pelosi would do
They disclose this months in advance. We’ve known this for a week. Great reporting no one everyone hates m5m
Isn’t a criminal thing?
It is possible they sold before the flood of cash withdrawal requests in which case the sales may not have been illegal.
Does that constitute to fraud? They knew the value of the stock will be close to zero in a matter of weeks, but sold it to other investors in superficially inflated prices. Looks like fraud to me. Like some builders selling structurally unsafe building to unaware clients.
jailtime
Tell that to JoeBiden
Verify the laptop, then admit your guilt in interfering in the 2020 election.
Insider trading 🚨
Bullshit news.!!!
All of those dollars should be clawed back.
FBI y’all better get these crooks
Why is everyone surprised to hear he sold stock? That’s how cheaters work
The woke billionaires invested in SVBank who give millions to Dem campaigns are being bailed out by Biden.
Let me guess…impeccable timing like all of Pelosi’s shady deals
Do you suppose they knew something everyone else didn’t 😏
Criminal, and they knew it too; lock up all these corrupt bankers for once!!!
Just like train guy . Crooks
Claw back
They all knew because one of them was a CEO at Lehman in 2008 and had the same job at SVB. That’s all you nedd to know. No regulations or stress tests by outside auditors. If so, the bank could have made adjustments and survived.
Can they be confiscated? Is it an illegal inside trading?
THIS SHOULD BE A CRIME PUNISHED BY PRISON TIME.
PaulZeise Jail time right?
Janet say No.
They new they had spent all the monies they could and it was time to go into phase 3, recouping their losses to make it look like they had failed so they can get a recharge of funds to go on vacation this summer to golf in Ireland. I hear everyone flies into the course⛳️
SVB executives need to give the money back to the bank fund that covered deposits.
When execs make big sales they have to disclose months in advance
PaulZeise All Democratic donors🤡
And let's not forget the bonus they paid themselves.
PaulZeise This is why I Bitcoin and take self custody
Arrest him.
There should be a law that requires executives of a company to reimburse the company any proceeds from the sale of company stock sold by an executive of the company up to 1 year prior to the company declaring bankruptcy?
How do these things happen?
Jail.
O and thier a front group for horrible leftist groups . Throw in the fact that thier Ftx and Sam B. Connections laundering money for democrats, all of this is rather disgusting. ABC now shares the actual news , said no one ever. Pathetic, really.
All of them should be prosecuted
These guys are in Hawaii playing golf while Democrats are planning to arrest and indict Trump For what exactly, something with a pornstar?
We're these contractually obligated sales specified by contract? If so they have no choice. Just asking.
arrest them
Is anyone surprised by this…
We knew this a week ago
DenverChannel Life in prison
NigelClarkeJa AndrewHolnessJM
They and their board members all donated heavily to Democrats.
Jail.
Funny thing here is the federal reserve central bank mafia was created and allowed to operate in America by Congress & Senate to prevent banking & financial failures, but being true to it's nature institutionalized white supremacy won't admit that it's just another hustle
Of course they did. Nothing will happen to them. Why shouldn’t they profit for collapsing a financial institution and crushing many start up businesses? 🙄🙄🙄
But they were “woke “.
Can you say insider trading. Somebody call the law
These turds followed the Globodyne school of business 🤣🤣🤣
She should be in jail
Perfectly trumpian move
Insider trading much?
prison time has entered the chat
Don't have to be a rocket scientist to figure this one out!
Isn't this old news? Was abc following the lead that it was a racoon dog that sold the shares?
But “nothing to see here”🙄
Just in I heard this on Fox News like 5 days ago… I’m afraid you are a little behind getting the news to the American people, hopefully not intentionally again.
Not like congressmen aren't right there with them.
A bunch of thieves!! They should be arrested
Surprise, surprise.
And yet they're blaming remote workers and 'diversity hires' for their downfall. 🥴
Pretty shady
And the tax payers are bailing them out? I say NOOOO
Several foreign governments did the same.
And now they get a bail out win win
Where’s the banking over sight groups in all of this? They obviously dropped the ball.
Jail for a long time
Lock them up
And we will do this all again in 10-15 years...like clockwork.
Really no way
The system is built so that this happens. It is not an anomaly that RG, bankers manipulate their customers, and fraud is rewarded. That is the basis of the entire system. Morality is not produced in capitalism, it is what capitalism destroys,
DenverChannel And this is why we don’t offer bailouts. I hope they’re seized, never fails that the tops plan for what they know is coming
And the government will not hold them accountable. 🥱
Just in?!? Every other media outlet had the SEC disclosures FOUR days ago! What the hell have you guys been doing?!?
Of course they get to keep all the money they stole while we bail them out
How much gold do we have in Fort Knox? There should be an audit. Is it an empty building? Is there any gold in there? Government is just printing worthless money now. It’s a joke.
Make them accountable.
An your still gonna bail them out
These people need to not only be prosecuted, but forbidden from holding any position in finance or business.
Well of course they did you didn't think they were willing to lose their own personal money
Frog march time.
Nothing changes.
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