SVP Bank was virtue-signaled to death. Now, The Party says only more virtue signaling can save us. Episode 700
The Todd Herman Show
Radio America
4.8 • 1.5K Ratings
🗓️ 15 March 2023
⏱️ 48 minutes
🧾️ Download transcript
Summary
Sadly, math.
Yes, math. CNBC’s Jim Cramer knows math. Math, Jim Cramer seemed to say, made him like SVB stock because it was low. Cramer, though, is also blind. Not totally blind, just emotionally blind. He could not see that a bank that apparently defined risk management as spending a Month reminding the world that women exist who like to have sex with other women is a bank that had downgraded math. Cramer cannot see such societal elements because Cramer swims in the waters of the left and is unaware that he is a wet, blind fish in a dark pond.
What does The Party say? They say, full steam ahead on placing people who have not the faintest clue about the very basics of their job into powerful positions.
Judges Vs. the basic contours of the Constitution.
https://youtu.be/RNlfbQ-WbFY?t=6
DHS heads Vs. obvious reality.
https://twitter.com/KariLakeWarRoom/status/1634273743689388032
Full steam ahead on giving people like that control over us by the government digitizing all money and then deciding what we are allowed to buy.
What does God say?
Proverbs 16:18
Pride goes before destruction, a haughty spirit before a fall.
Four Reasons God Hates Pride
- Think this document about SVB's World Economic Forum Index might be relevant to anything?
- Silicon Valley Bank had no head of Risk Assessment, placed wokester in charge (The Daily Mail has apparently disappeared their own article, here’s the tweet, but it leads to their homepage
- Letting Silicon Valley Bank Melt Down Might Be Painful but It Wouldn't Be Stupid Like Saving It
- Kristi Noem: "More than 20 states have the same UCC language in front of them. These bills change the definition of “money" and make it easier for the federal government to impose a CBDC. These states must block this legislation from passing."
- Democrat Senator Bob Menendez, who sits on the Senate Banking Committee, says he hasn't even been briefed on last week's second-largest bank collapse in U.S. history
- Silicon Valley Bank is fine - Jim Cramer on SIVB: "Stock's still cheap... I think the fears are not justified and it's a very compelling situation" - Feb 8, 2023
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Is it unfair to pick on Jim Kramer this way, going back to about a month ago? |
| 0:07.2 | The ninth best performer year to date is SVB Financial, don't you want? |
| 0:11.2 | This company's a merchant bag with a deposit base that Wall Street had been stately concerned |
| 0:14.8 | about. |
| 0:15.8 | SUV sales still go value back. |
| 0:17.0 | We just need one of our favorite research firms, Bob and Nathanson, and it's become |
| 0:20.3 | less dependent upon private equity and venture capital as all offerings. |
| 0:23.2 | Wait a second. |
| 0:24.2 | Let's try it up this year. |
| 0:25.2 | They could come back. |
| 0:26.2 | Yes, some of them come back here with a stock, directly fixed and oversold position. |
| 0:29.9 | Bob was the fourth worst performer in 2022. |
| 0:32.1 | I think the fears were not justified in its very compelling situation. |
| 0:35.2 | By the way, long-term private equity venture capital, I'm going away. |
| 0:39.0 | Being a banker to these immense pools of capital has always been a very good business. |
| 0:44.9 | Stocks still cheap. |
| 0:46.3 | Now you have to remember that a stock that falls 66% like SVB Financial did last year. |
| 0:51.6 | It takes it a lot more to recover. |
| 0:54.2 | After losing two thirds of your value, you need a 200% gain to get back to even. |
| 0:58.5 | This is arithmetic. |
| 0:59.5 | People call it geometry. |
| 1:01.0 | So you could argue SVB's nearly 40% value this year is barely a drop in the bucket. |
... |
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