The bank failed because the people who ran it didn't anticipate that interest rates would rise like they did. They had too much money in low-yield bonds, which lost most of their value when interest rates rose above the yields. None of this, of course, has anything to do with being "woke."
Looking, looking, looking. Found a long Vice article that actually said that there was nothing contractual between them and the companies they were investing in requiring them to bank at SVB. So, I'd love to see a source. Thanks!
It's something I saw in passing when the whole SVB thing started; but it seemed pretty authoritative. Gotta go prowl through my browser history (on three computers!) to find it again...
Either my Google-fu has atrophied to nothing, or Googles algos have changed, because several tries at re-finding what I have read has simply resulted in a huge mass of irrelevant articles.
Don't worry. If it's part of the deal, it'll come out.
There's one in New Orleans that is.
I maybe wanted to put a sock in it.
Xavier University of Louisiana, still Jesuit but HBCU.
https://www.xula.edu/
It's St Patrick's Day, you should probably drink Irish Whiskey today.
I think the more accurate term would be Clowns.
I think they've actually stopped talking about Ted Kennedy whenever a Republican sex scandal comes up.
Well not in Florida for much longer, since they can't even say that Rosa Parks was asked to move out of her bus seat because of her skin color.
Many of the 'multi-millon dollar depositors' at SVB were depositors there because using SVB was a condition of receiving venture capital.
Not entirely sure how that makes them LAZY and STUPID...
Good point. Nothing like a captive clientele.
The bank failed because the people who ran it didn't anticipate that interest rates would rise like they did. They had too much money in low-yield bonds, which lost most of their value when interest rates rose above the yields. None of this, of course, has anything to do with being "woke."
Hadn't heard that. Interesting information. I'll google it and see what I come up with. Thanks.
Looking, looking, looking. Found a long Vice article that actually said that there was nothing contractual between them and the companies they were investing in requiring them to bank at SVB. So, I'd love to see a source. Thanks!
It's something I saw in passing when the whole SVB thing started; but it seemed pretty authoritative. Gotta go prowl through my browser history (on three computers!) to find it again...
Either my Google-fu has atrophied to nothing, or Googles algos have changed, because several tries at re-finding what I have read has simply resulted in a huge mass of irrelevant articles.
Weird. As I wrote just a minute ago, I couldn't find anything. Doesn't mean it doesn't exist, just that it's not showing up.
Florida A&M University is an HBCU. Therefore all donations to offset tuition are BLM adjacent.