Bernie opposed this and the Republican who proposed the bill said he knew nothing about economics.
Good news for the companies who banked with SVB at least. People might complain about bankers and regulation of the financial sector, however it would be just as bad to lose numerous companies to the bank collapsing. Besides, this was a very different case compared to the 2008 financial crisis. SVB was not doing anything risky of irresponsible, the run was caused by a few customers spoiling others and this causing a mini Wall Street Crash in the process.
While this was a small incident in the global view. And as long as there have been no secret government deals that will cost the tax payer… okay but keep in mind -> [https://www.bbc.com/news/business-63905505](https://www.bbc.com/news/business-63905505) So we gonna see a lot more coming that is for sure and then it will be Profits privatized, donations to tory Party, bust and tax payer bail out rinse and repeat.
“The government and Bank of England led the talks”
“HSBC confirms they bought it for £1”
I’m sure those talks were very complex.
“How much you want to pay?” “£1 and not a penny more!” “Deal!”
Damn HSBC got the UK division for £1 😆
They know a good deal when they see one
HSBC are actual gangsters, they’ll use this as a laundry.
What country officially owns HSBC or has the majority stake?
HSBC we do them grafs
And we got the money cos we know how to rap
And Levenshulme ain’t got shit on us!
Pimpin!
13 comments
Andddd it’s done
Great news. That’s pretty much the best outcome for everyone.
All the loudmouths around here have suddenly gone quiet
What about the massive liabilities? I assume the UK just printed money to bail out these tech giants and bankers?
So thank you to all the hardworking nurses and train drivers struggling to get a payrise equal to inflation- YOU just bailed these bankers out.
[deleted]
Right wing deregulation of financial system at fault yet again.
[https://www.businessinsider.com/silicon-valley-bank-bernie-sanders-donald-trump-blame-2023-3?op=1](https://www.businessinsider.com/silicon-valley-bank-bernie-sanders-donald-trump-blame-2023-3?op=1)
[https://www.forbes.com/sites/mayrarodriguezvalladares/2023/03/12/how-trumps-deregulation-sowed-the-seeds-for-silicon-valley-banks-demise/?sh=1d5adc134320](https://www.forbes.com/sites/mayrarodriguezvalladares/2023/03/12/how-trumps-deregulation-sowed-the-seeds-for-silicon-valley-banks-demise/?sh=1d5adc134320)
Bernie opposed this and the Republican who proposed the bill said he knew nothing about economics.
Good news for the companies who banked with SVB at least. People might complain about bankers and regulation of the financial sector, however it would be just as bad to lose numerous companies to the bank collapsing. Besides, this was a very different case compared to the 2008 financial crisis. SVB was not doing anything risky of irresponsible, the run was caused by a few customers spoiling others and this causing a mini Wall Street Crash in the process.
While this was a small incident in the global view. And as long as there have been no secret government deals that will cost the tax payer… okay but keep in mind -> [https://www.bbc.com/news/business-63905505](https://www.bbc.com/news/business-63905505) So we gonna see a lot more coming that is for sure and then it will be Profits privatized, donations to tory Party, bust and tax payer bail out rinse and repeat.
“The government and Bank of England led the talks”
“HSBC confirms they bought it for £1”
I’m sure those talks were very complex.
“How much you want to pay?” “£1 and not a penny more!” “Deal!”
Damn HSBC got the UK division for £1 😆
They know a good deal when they see one
HSBC are actual gangsters, they’ll use this as a laundry.
What country officially owns HSBC or has the majority stake?
HSBC we do them grafs
And we got the money cos we know how to rap
And Levenshulme ain’t got shit on us!
Pimpin!