Monday, May 15, 2023

here is what the former CEO of SVB says ... in The Mercury News

 " The fastest pace of rate hikes by the Federal Reserves in decades combined with negative social media sentiment contributed to the failure of SVB's failure ... " 

& I say, hey chief, first take some accountability that you are a plain idiot, as rest of the bank CEOs (a few thousands or so) could see it coming & didn't issue low rate mortgages to their friends ... & second, IF you didn't know or do something when Feds were raising the rates throughout last year, you should only be paid minimum wage & not suited for being the CEO of a bank ... which you are right now ..!

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