[Johny Joe Hold]

The bank failure in California is a lesson for we who are True Christians™. Capitalism sometimes requires our help and when it does we must step up.

Corporations are the life blood of our country. Corporate agriculture gives us our food and corporate dividends pay our expenses. Most jobs are with corporations.

This means we cannot let corporations fail. Yes, tiny firms that don't amount to much can fail but large firms must be saved. First among those that must not fail are banks, large manufacturers and major real estate investors.

We need to be writing to Biden now directing him to open that federal pocketbook and make failed banks prosperous again.

After Silicon Valley Bank failure ‘there’s going to be more,’ warns former FDIC Chair William Isaac (msn.com)

[Dr. Anthony J. Toole]

I read that bonuses were paid out just days before the crash. Smart! I want guys like that in charge who can see the problem and act on it. Speaking of which, how is the airplane fund doing these days?

[Johny Joe Hold]

Originally Posted by Dr. Anthony J. Toole

I read that bonuses were paid out just days before the crash. Smart! I want guys like that in charge who can see the problem and act on it. Speaking of which, how is the airplane fund doing these days?

Zeke's airplane fund is going well. We have almost reached the several millions we need to schedule production. Of course, there are always complications for something as big as this aircraft.

Early on Airbus balked at the custom design pieces Pastor Zeke required. So many issues. When these were solved, Covid blocked access to some parts. Now, Airbus says it has stopped production of this jumbo jet, the A-380. Airbus wants to sell us what they say is a wonderful aircraft, just a bit smaller. Pastor Zeke is livid and will not hear of it. He wants Airbus to build him a custom A 380 and gave our committee orders to get it done. We are working on it.

[Dr. Anthony J. Toole]

Would it be more cost effective at this point for us to develop our own jet airliner? I think there would be a market for consumers who prefer to put their safety in the hands of the Lord on intercontinental flights.

[Johny Joe Hold]

Originally Posted by Dr. Anthony J. Toole

Would it be more cost effective at this point for us to develop our own jet airliner? I think there would be a market for consumers who prefer to put their safety in the hands of the Lord on intercontinental flights.

That a good thought. Pastor Zeke demands a movie room and cigar room. Maybe several important and wealthy men would like these features--including Donald Trump.

[WWJDnow]

Not only are corporations people, they are the very best people except for True Christians™ like us. As a pro life evangelical, I say it is sinful to terminate the life of a corporation. So I agree in general with Mayor Hold.

However, in the case of Silicon Valley Bank, they did not falter because of changing interest rates or failures of risk management or undercapitalization. No, SVB failed because it was the most woke bank in America. That means the bank failed because it hated God and hated America. If it had hired fewer underperforming employees such as blacks and women and Jews and cripples and lesbians, and had not chased social responsibility targets in its lending practices, SVB would have been fine.

Under the circumstances, I have to say that Silicon Valley Bank got what it deserved: an eternity of torment in the burning lake of fire with Satan.

[Johny Joe Hold]

Originally Posted by WWJDnow

So I agree in general with Mayor Hold.
No, SVB failed because it was the most woke bank in America. That means the bank failed because it hated God and hated America. If it had hired fewer underperforming employees such as blacks and women and Jews and cripples and lesbians, and had not chased social responsibility targets in its lending practices, SVB would have been fine.
Under the circumstances, I have to say that Silicon Valley Bank got what it deserved: an eternity of torment in the burning lake of fire with Satan.

I agree woke banks should fail and it may well be God pushed this one over the cliff. In the last day or two, however, it was acquired by another bank. Hopefully, the bank will be swept clean of those worthless woke employees. Entrusting money to women, Jews, homers and cripples is the path to failure. The capitalist principle that, "We are here to make money, not friends" is the key to success.

[Dennis Lukes]

Biden and Treasury Secretary Janet Yellen (Jew) are pushing to bail out the depositors in excess of the $250,000 per account insured by the FDIC. We can only assume that many of the people receiving this privilege are Jews. A Christian, Senator James Lankford, has pointed out that his own constituents in Oklahoma would not get the same treatment if some hayseed bank in Tulsa went belly-up due to a bank run. So what makes Big Tech so special?

[Johny Joe Hold]

The Wall Street Journal carried a story today that an executive of the Silicon Valley bank sold its stock just before failure went public. Now, I can see people getting upset when insiders take advantage of their privileged positions. But this looks like a standard business deal to me.

It's good business to sell when the price is right, when owners of an asset can make money. These stock sales should be looked at in this way.

SVB Financial CEO Sold $3.6 Million In Stock Before Bank’s Collapse (forbes.com)

[MitzaLizalor]

Originally Posted by Johny Joe Hold

cigar

A gentleman is only a gentleman but a cigar . . .

I'm sure I don't need to go on. Nevertheless very specific storage parameters are required for optimum condition of your preferred smoke. An unexpected variation in humidity can take months to recover (from) and who would want the acrid fumes of substandard tobacco, provided by God, to pollute the air one breathes?

The Federal Government should treat this specific issue as a priority – after all, as a high value inventory item, walk-in humidors represent a major component of strivings where the hopes and aspirations of everyone involved in the production chain are invested.

It's only right to do so.

[Dr. Anthony J. Toole]

Originally Posted by Johny Joe Hold

The Wall Street Journal carried a story today that an executive of the Silicon Valley bank sold its stock just before failure went public.

It's good business to sell when the price is right, when owners of an asset can make money. These stock sales should be looked at in this way.

It's outright socialism, Brother Mayor. Now Joe Biden is calling for "penalties" on executives who cashed in on the failures they were largely responsible for. What's next, suing the former head of the Executive branch for mispricing assets in order to reduce his tax liability and obtain fraudulent loans? Pffft. After that? Degrading public services to make a point that the government can't be trusted to provide public services? These are deep lessons, Brother, and all of them favor deregulation, private wealth and pulling yourself up by the bootstraps.

As I like to remind liberals, this is not a democracy it's a representative republic. Big difference.

[Dr. Anthony J. Toole]

I should add that the stakeholders - leadership, executives, decision makers - are the ones taking the real risk and need to be rewarded for handling billions of dollars of other peoples' money. That's why they get the big bucks while the clerks and janitors that simply collect - excuse me collected - a paycheck take the easy path.