Silicon Valley Bank is largest failure since 2008 crisis, billions stranded

NarrowBandFtw said:
@AlmightyBender @RanzB @ShaunSA would you like to pay for some consulting in how to count or how to google? Trying to reach product-market fit here :cool:
Click to expand...
Took you 12 hours countless hours to type up this drivel.

Unknown = countless :laugh: Words mean nothing to you apparently, like when you don't know which word to use, like accept vs except:whistling:
 
ShaunSA said:
My google fu also led me to 3. Turning that to countless is not hyperbole.

Just admit you messed up on that one. It's not that hard
Click to expand...
He came up with 5 accusers which is countless and other countless incidents with these countless accusers. Send your apologies to @NarrowBandFtw right now.
 
RanzB said:
Took you 12 hours countless hours to type up this drivel.

Unknown = countless :laugh: Words mean nothing to you apparently, like when you don't know which word to use, like accept vs except:whistling:
Click to expand...
I outright stated countless was intentional and obvious hyperbole

a bunch of dumbasses stated "three" is not reasonable to turn into hyperbole, those same dumbasses are the only ones who take countless to be literal in this instance, that is their problem, not mine

I'm merely pointing out it is not three but actually an unknown number
 
NarrowBandFtw said:
I outright stated countless was intentional and obvious hyperbole

a bunch of dumbasses stated "three" is not reasonable to turn into hyperbole, those same dumbasses are the only ones who take countless to be literal in this instance, that is their problem, not mine

I'm merely pointing out it is not three but actually an unknown number
Click to expand...
They are being ridiculous, unknown, countless, three, all the same thing really.
 
NarrowBandFtw said:
I outright stated countless was intentional and obvious hyperbole

a bunch of dumbasses stated "three" is not reasonable to turn into hyperbole, those same dumbasses are the only ones who take countless to be literal in this instance, that is their problem, not mine

I'm merely pointing out it is not three but actually an unknown number
Click to expand...

No vok man move on now
 
AlmightyBender said:
Let's test this:
It is unknown how many times rietrot has slurped on BBC
Therefore, rietrot has slurped on BBC countless times

You know... I'll allow it.
Click to expand...
Libtards like you just cannot hide the racism and homophilia or is it jealousy
 
Last edited:
‘It is not cut-throat like Goldman Sachs’: SVB’s culture in focus

When Silicon Valley Bank imploded last week, most of its 8,500 staff were still working remotely. “Some people worked from Miami, some moved to Las Vegas or a cabin in the woods and did the digital nomad thing,” said one former banker.

SVB’s total embrace of remote working was just one way in which the technology-focused lender diverged from its peers — a top-20 US bank with a culture that more closely resembled the Silicon Valley start-ups it served. Long after Wall Street ordered its bankers back to the office, the California-based lender’s chief executive, Greg Becker, at times worked from Hawaii, president Mike Descheneaux decamped to Florida, chief risk officer Laura Izurieta was based in a suburb of Washington and general counsel Mike Zuckert worked mostly from New York, according to several people close to the bank.

Last month, the bank acknowledged in its annual report that it “may experience negative effects of a prolonged work-from-home arrangement”. Yet SVB was prepared to take on extra risks to promote a culture that prized “empathy” for customers and staff, and at times prioritised innovation and growth at the expense of risk management, according to interviews with current and former workers.
Click to expand...

SVB executives were also deeply committed to social justice, according to several of its ex-employees. “I almost felt like I was at work on a college campus,” said another former executive, who recalled weekly internal “TED talks” on social issues and classes on “how to make sure you were not committing a microaggression”.
Click to expand...

Lols. No big surprise that "innovations" pushed so hard by the tech sector in the US had a role in the collapse.
 
According to this article, only one director had high-level banking experience.

These firms and their backers like to bathe in the warm glow of virtue – of woke, of environmentalism and of so-called effective altruism. This was certainly the case at SVB. It paraded the diversity of its board of directors – ticking every box in terms of race, gender and sexuality, while having just one member with experience of banking at high levels. It was committed to the shibboleths of ESG (Environmental, Social and Governance rules) and showered money on climate-technology ventures. Indeed, SVB was such a big player in the green industry that, according to the Washington Post, ‘many major clean-tech companies… faced insolvency’ following SVB’s collapse, before the US government stepped in. These pseudo-progressive values also chime perfectly with the elites of Washington, Wall Street and Davos. They create the right ‘vibes’ around Silicon Valley’s ventures. This virtue-signalling not only masks the fundamental shakiness of these businesses, it also presents investing in them as some sort of moral endeavour.
Click to expand...
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X