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Deleted member 28227
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The proverbial WallStreet hat trick…
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Southern Elk
Well-known member
At least they all got their bonuses before the collapse. What a joke!
www.cnbc.com
Silicon Valley Bank employees received bonuses hours before government takeover
The SVB employee bonuses were for work done in 2022 and had been in process days before the company's collapse, sources said.
noharleyyet
Well-known member
....too pedigreed to fail . . . ?At least they all got their bonuses before the collapse. What a joke!
Silicon Valley Bank employees received bonuses hours before government takeover
The SVB employee bonuses were for work done in 2022 and had been in process days before the company's collapse, sources said.
Schaaf
Well-known member
I have a long standing belief that this country started circling the drain the second the white collar folks stopped fearing a few guys with nails pounded into baseball bats knocking on their door in the middle of the night.
Red Fox
Well-known member
At least the top people were able to sell their stock before this got out.
Marshian
Well-known member
Public executions or at least tar and feathering maybe weren’t such a bad thing sometimes.
westbranch
Well-known member
Failing upward seems to work well in corporate America.
longbow51
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- Joined
- Feb 17, 2023
- Messages
- 1,054
They saw it on a movie. The Big Short. IIRC, only one person suffered any consequences for the collapse related to subprime loans, although that is a bit of a simplification.
The point is that the senior guys made out like bandits; in this case selling stock and taking bonuses. But they were woke, so extremely unlikely anyone will suffer for their actions.
The point is that the senior guys made out like bandits; in this case selling stock and taking bonuses. But they were woke, so extremely unlikely anyone will suffer for their actions.
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Schaaf
Well-known member
Everyone with student loan debt right now.
MarvB
Well-known member
This guy Megs a different kind of stock, not bedded but in a town square! 
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338win
Well-known member
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- Sep 19, 2015
- Messages
- 444
I never got into shorting stocks but if this guy gets another job I might start.
stealthy_bowman
Well-known member
Now that is quite a resume with epic marks of distinction! At least he’s consistent lol.
VikingsGuy
Well-known member
Surprised he failed to have a few years at Enron. To young maybe?
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Deleted member 28227
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Arthur Andersen went down because of its audit of Enron, so don't worry he didn't miss out on that party.
BigHornRam
Well-known member
The Banking Queen is back in the news as well......
longbow51
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- Feb 17, 2023
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No kidding; I always tried to do a good job. Totally missed fracking up and getting hired again.
BigHornRam
Well-known member
Another gubermint conspiracy. 
apnews.com
Signature Bank seized to send banks a message, director says
A regulatory takeover of a New York-based bank was intended to send a message to banks to stay away from the cryptocurrency business.
apnews.com
SAJ-99
Well-known member
One week ago, the JPM analyst called it a buy, SoAnother gubermint conspiracy.
Signature Bank seized to send banks a message, director says
A regulatory takeover of a New York-based bank was intended to send a message to banks to stay away from the cryptocurrency business.
I've never seen the government act so fast until it came to bailing out a bunch of white collar tech dudes. The bank failed and in a weekend the gov't came up with all that cash?! Be neat if they could figure out how to get some assistance to those folks in East Palestine...but I digress. Maybe if East Palestine was in Ukraine they could get some help...
Apparently one of those tech companies had nearly a half a billion in one bank account. How irresponsible is that??
Apparently one of those tech companies had nearly a half a billion in one bank account. How irresponsible is that??
