The blame game is on for who caused Silicon Valley Bank’s collapse, and the tech sector is pointing the finger at SVB CEO Greg Becker for allowing his company to go down in history as the second-biggest US banking failure on record. One Silicon Valley Bank employee, who requested anonymity to speak candidly, was dumbfounded by how Becker publicly acknowledged the extent of the bank’s financial troubles before privately lining up the necessary financial support to ride out the storm.
” ‘Widespread hysteria’ Jeff Sonnenfeld, CEO of the Yale School of Management’s Chief Executive Leadership Institute , told CNN he agrees that Silicon Valley Bank’s leadership deserves criticism for their “tone-deaf, botched execution.” “Someone lit a match and the bank yelled, ‘Fire!’ – pulling the alarms in earnest out of genuine concern for transparency and honesty,” Sonnenfeld and Steven Tian, CELI’s research director, said in an email on Sunday to CNN.
For those of you who missed it our president just bailed out all of the rich Republicans who had knowingly deposited over 250K dollars in SVC bank when they knew that any amount above that would be uninsured if the bank failed. Your tax dollars were spent to bail out the rich !!!
How about for jimcramer telling retail investors to buy in a month ago.
All the diversity requirements were meet.
DoddFrank
CNN 👇🏻
This is what Putin wants, for us to turn on each other instead of realizing he's the one to blame
Being democrat is worst move a person can make.but hey maybe you love never owning a house
Ya Biden destroying more of America. LGBTQ gonna vote democrats so they can hold up a flag and say we are broke from the taxes Biden imposes. Let me know how that works out
Why are they getting bailed out after handing out bonuses before being shut down? Will the bonuses be reversed? Will the same Lehman execs who are now at SVB get banned
Your fired, hit the road
Is Becker broke now? I'm betting not even close.
What cause this bank to crash is the high interest rate that causes the bank Asset to loose value. The should never be the one to fixed inflation. Biden need to have a Guess worker's program to work in the supply chain
J6 was planned, coordinated, executed, and covered up by the Democratic party, corrupt RINOs, and the 'establishment'!! And the corrupt media...