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Is There A Way To Stop Bank Panics Like
The One That Took Down SVB?

Original Article

Posted By: RockyTCB, 3/23/2023 5:28:30 AM

In recent years, the U.S. has suffered recurring banking crises almost like clockwork. Indeed, about every 10 years or so we seem to go through another financial panic, only to be followed by a spate of bad regulations passed to ensure “it won’t happen again.” But it always does. So how do we end this cycle? U.S. banking disasters plagued the late 20th century and early 21st century. But of course they go back long before even that, to 1907 and 1929, as two examples. More recently, there was the 1980s and ’90s savings and loan crisis, the 1998 collapse of Long-Term Capital Management and global crisis, the 2007 financial crisis

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Reply 1 - Posted by: Calvinesq 3/23/2023 7:15:20 AM (No. 1431511)
Yes. First, fire FJB, then fire every bank executive who puts return to shareholders last and woke initiatives first.
8 people like this.

Reply 2 - Posted by: Mcscow sailor 3/23/2023 7:34:18 AM (No. 1431520)
No, as long as bank boards are filled from ymca wannabes , kmpg gets paid to overlook risks, and the fed intervenes to protect the wealthies
3 people like this.

Reply 3 - Posted by: bpl40 3/23/2023 7:57:24 AM (No. 1431526)
Take away the wokeness and banks are fine.
4 people like this.

Reply 4 - Posted by: smokincol 3/23/2023 8:45:46 AM (No. 1431548)
there most certainly is - get rid of the communist leaning bureaucrats within the Treasury Dept and the banks that are underperforming and make the bank regulators do their job which is to oversee and monitor these banks
2 people like this.

Reply 5 - Posted by: EJKrausJr 3/23/2023 8:54:14 AM (No. 1431557)
Greed and grift paved K Street and made Congress critters millionaires. Individuals working K Street promote regulations and individuals working K Street promote ways around the regulations. As long as DC exists, these conditions will exist. Currently 2 million of those individuals work and live in the DC metro area. Corporations feed the $$$ trough in which those individuals feed and drink. Banks hold that $$$. Banks use and abuse the regulations to make more $$$ through risk taking. The Banks now know that if you are large enough you can risk take to your hearts content with no fear of bankruptcy, because Government will bail the bank out of its debt. It's a super humongous financial death spiral.
1 person likes this.

Reply 6 - Posted by: NamVet70 3/23/2023 9:02:01 AM (No. 1431565)
Well, at least people are now allowed to own gold. The threat of bank closings can drive many people into hoarding gold and diamonds.
0 people like this.

Reply 7 - Posted by: red1066 3/23/2023 9:09:24 AM (No. 1431575)
The bank regulators went along with this investing in enviromental BS. The oversight was just as corrupted as the head of the banks.
1 person likes this.

Reply 8 - Posted by: Strike3 3/23/2023 9:22:43 AM (No. 1431590)
Yes, but don't do it like it's gun control and write more senseless regulations. Attack the real problem and get rid of stupid people and criminals.
1 person likes this.

Reply 9 - Posted by: MickTurn 3/23/2023 9:36:37 AM (No. 1431606)
FORCE Banks to do business by a strict set of rules that DO NOT include political BS!
1 person likes this.

Reply 10 - Posted by: paral04 3/23/2023 10:14:47 AM (No. 1431649)
Get rid of the Federal Reserve that is run by bankers from large institutions. They have the power, at the stroke of a pen, to raise rates and cause this chaos as they have done in the past. Those guys blatantly raised rates knowing that many banks were heavily invested in low interest paying instruments. Of course they knew what would happen and they did it again yesterday. Their trading accounts need to be vetted for any short positions now!
0 people like this.

Reply 11 - Posted by: Lawsy0 3/23/2023 10:32:59 AM (No. 1431667)
There A Way To Stop Bank Panics: buy better mattresses.
0 people like this.

Reply 12 - Posted by: stablemoney 3/23/2023 10:42:34 AM (No. 1431676)
Yes, there is a very easy way to stop bank panics, but it would require the government to stop printing money. Rick Scott and Liz Warren legislation will not do anything but provide disgust to everyone.
2 people like this.

Reply 13 - Posted by: Dodge Boy 3/23/2023 10:44:12 AM (No. 1431677)
Yep. Simple. Remove your wealth from our debt-based financial system to the extent possible. Own things that have intrinsic value. Gold and silver bullion, tools, farmland, and equip your home with solar power. In general, prep yourselves.
2 people like this.

Reply 14 - Posted by: Italiano 3/23/2023 10:45:26 AM (No. 1431678)
Don't forget ammo.
1 person likes this.

Reply 15 - Posted by: earlybird 3/23/2023 12:05:34 PM (No. 1431726)
SVB took down SVB.
1 person likes this.

Reply 16 - Posted by: moebellini3 3/23/2023 12:10:44 PM (No. 1431728)
Yea, it's called consequences. Start putting people in jail and see how fast it stops. These people cheat and steal and then are reimbursed for their corrupt policies. Go back to Solyndra, Obama gave Solyndra 500 million tax payer dollars for their green energy company. Guess what, within 3 years the company was bankrupt and 500 million dollars disappeared. There were about 30 other green every companies that got bank loans and all went bankrupt. In all cases, the money went unaccounted for and there were no consequences. Until somebody goes to jail, nothing will stop. Got it.
3 people like this.

Reply 17 - Posted by: davew 3/23/2023 12:57:25 PM (No. 1431753)
SVB was under heavy scrutiny by the Federal Reserve both onsite and from DC for years. No corrective action of their risk management was ever found or required by the Fed. They were also subjected to honest auditing by KPMG that found there was nothing wrong with their accounting practices. The basic strategy of all banks is to take peoples short-term checking and savings deposits that pay almost no interest and invest them or loan them to people who will pay a higher rate of return over a much longer period. This is perfectly reasonable as long as the long-term people keep their part of the deal and pay back the money. In the case of the Treasury department, they would have paid back the bonds for their market value in 5 to 30 years. When interest rates went up the value to the market of these lower yielding bonds adjusted causing them to be worth less on paper, SVB appeared to be worth less, people got scared and pulled out their deposits, SVB had to actually realize their losses to pay out the cash withdrawals, and the cycle spiraled into a run that forced the Fed to step in. Telling a bank they need to segregate individual's short-term deposits from the banks long-term investments is not how a bank makes money and would not work. The bank's money IS your money. This is why I don't have a bank account; I have a brokerage account where my money stays my money, and Schwab can't touch it.
3 people like this.

Reply 18 - Posted by: h24015 3/23/2023 3:28:33 PM (No. 1431872)
As always, government failed us, regulations failed us, oversight failed us - why anyone at the Federal Reserve or any of the "watchdog' agencies even have a job?
1 person likes this.

Reply 19 - Posted by: danu 3/23/2023 6:46:32 PM (No. 1431995)
this was the great train robbery-arrest-life sentences in the AZ desert. rinse. repeat.
0 people like this.

Reply 20 - Posted by: mifla 3/24/2023 5:30:24 AM (No. 1432232)
Yes, tell the banks to stop making stupid financial decisions.
0 people like this.

Reply 21 - Posted by: franq 3/24/2023 5:57:13 AM (No. 1432240)
From what I understand SVB was a house built on sand. It was just a matter of time. Kind of like Bitcoin.
0 people like this.

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