This SVB and the rest smells to high heaven to me. The Fed started raising rates a year ago. Fed Chair Powell broadcasted loud and clear that the interest rates were going to rise significantly in the coming months. Those woke fucks at SVB knew this and whatever rate they were getting from the TBills they bought previously, when the prime rate started going up they could have and should have, got out and taken a significantly smaller loss. Instead, they sat around with their WOKE thumbs up their fucking asses as did the San Fran Fed who was more interested in overseeing "Climate Change" and DEI than their charter and watched this thing balloon into huge fucking losses for SVB.
We all know the Treasury Dept. has been running a "pilot" program for the CBDC with 10 of the largest banks. Can it be a coincidence that all of a sudden SVB figures out that their woke asses are so far under water that they THEN, start the avalanche dumping of the securities they had and it was this alerted depositors that something was real fucked up here and as many as people as possible started taking their money out leaving SVB to tank and yell HELP!!! from the Treasury? Treasury and the FDIC says oh, that 250k dollar insurance program? "Never mind" we're gonna make whole ALL depositors. SVB is a Venture Capital bank and VC is on it's face, RISKY AF. Plus they required the recipients of these VC loans to house that money with them. Millions, even billions of uninsured money. Can all of this be a prelude to the Trasury saying, "oh shit, we need to move as rapidly as possible to the digital dollar so that we can provide liquidity to these failing banks and depositors?
Anyone else suspicious of this?