Insured Deposits? Risk Management? Bad Loans? No, Ronny Jackson Explains SVB’s Failure: Liberals

There has been a lot of discussion as to why behemoth Silicon Valley Bank, an A-rated bank with a massive balance sheet, could fail so fast. I’ve researched the topic some, but I have no more expertise than the reader in finance and banking. From what I’ve gathered, some of the Dodd-Frank regulations that Trump cut in 2018 – ironically, much of it due to SVB lobbying Kevin McCarthy, “freed” SVB to stake a far riskier position with respect to loans/deposits. A full 85% of SVB’s deposits were uninsured, whereas a typical bank as big as SVB carries about 40% of uninsured deposits. The rest of it was a combination of management taking far too much risk in seeking the bigger rewards, a lot of big bonuses to executives who weren’t acting as fiduciaries to the shareholders. Some of it was just horrible luck in the combination of several unrelated problems clashing all at once causing a classic bank run that it couldn’t sustain. It failed its “stress test.”

So, SVB’s failure will be meticulously analyzed (certainly through some shareholder derivative suits seeking to bankrupt the executives), and there might be some new regulations put in place (restoring Dodd-Frank would require legislation which is highly unlikely with the GOP controlling the House. They don’t want to constrain banks and if the economy gets worse under Biden, Good!)

Everything written above is nothing more than an analysis based on reports I’ve read and seen on MSNBC. I am in over my head in this area. But I’m above Ronny Jackson! Yes, “Rep” Ronny Jackson, a man who may have a vote on new legislation or post-approval of new regulatory actions, knows the real reason that SVB failed. The $200 Billion dollar bank ran out of money because it was spending so much on diversity training and CRT!!!! CRT is an academic study discipline unrelated to anything outside of the education system – proving Ronny is too drunk to even identify which category he’s addressing. Someone needs to ask Ronny if the number “5” is married. Email his office asking for the latest stats on the length of the American Catholic Church in meters. He can find an answer! He can mix and match whatever he needs.

In short, SVB got “woke” and went broke. And so will you!! So keep your damned eyes shut and keep sleeping because everyone knows you risk nothing by staying ignorant and asleep.

It’s the Woke Agenda’s fault. pic.twitter.com/6kaYkHSDtH

— Ron Filipkowski 🇺🇦 (@RonFilipkowski) March 13, 2023

Absolutely breathtaking. I so despise this man, but wow, he can be utterly hilarious at times. Thankfully, by all appearances, no one in the MAGA community takes him very seriously, either. He doesn’t have the power of Marjorie Taylor-Greene. They just know he supports their side, and that’s good enough.
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[email protected], @JasonMiciak, SUBSTACK: MUCH LEFT ADO