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A comment on Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC. Parent comment

Re:Joint Statement by the Department of the Treasury, Federa... by thefounder on Sunday March 12, 2023 @07:11PM (#35127835)
>> and senior management are going to get wiped out and fired.

Yeah, let's punish the management like we did in 2008...

"SVB executive was Lehman Brothers CFO prior to 2008 collapse"

https://m.economictimes.com/news/international/business/svb-...

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by gizmondo on Sunday March 12, 2023 @07:37PM (#35128216)
Look, it's a meme, you're not supposed to take them seriously. The guy is an executive at SVB Securities, a separate branch that is completely fine.
[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by cronix on Sunday March 12, 2023 @07:17PM (#35127950)
And to really punish him, we shall strip him of his "Class A" shareholder status at San Francisco FED.

https://www.bloomberg.com/news/articles/2023-03-11/svb-ceo-b...

But not before we let him cash in $3.6M in stock. https://www.forbes.com/sites/brianbushard/2023/03/10/svb-fin...

Let this be a lesson to all of you other banks.

[ Parent | on HN ]
Re:Joint Statement by the Department of the Treasury, Federa... by ProjectArcturis on Sunday March 12, 2023 @09:05PM (#35129190)
He didn't work at the part of Lehman that failed, and he didn't work at the part of SVB that failed.
[ Parent | on HN ]