This is the best thread about this topic because the OP is a real Rockets fan and not a Jeremy Lin fan account
Fair regulation can not be defined in a few words as someone always gets the short end of the stick. An example of unfair regulation is not allowing a landlord to evict a tenant after several months of no payments. As I stated, I am in favor of regulations and code. I am not in favor of regulations to be used and abused (by any group)
I need @Major to chime in so I can take the counter side of the outcome. I am fairly certain Musk has at least looked into it.
I haven’t been following this closely enough and am not clear why this happened. From what I heard on the news was that SVB had put a lot of money into bonds when interest rates were low. Interest rates are high now so that seems like having money in bonds would make the bank more solvent..
@Space Ghost it's funny how you guys have to make up entities leftists are fond of. I can make dick sucking jokes for you about Elon because you actually have content here showing your dick sucking ways. Why do you think leftists give two shots about giant corporations doing public relations with these carbon footprint things? You think leftists are like "oh I'm so glad this giant corporation exists because they say they are green friendly!"
Indeed. Under Dodd Frank, SVB qualified as a TBTF bank and had higher capital requirements to make failure less likely. Trump and the GOP raised those thresholds dramatically, freeing up SVB to avoid those regulations.
Pretty sure you take all sides of every outcome so you can pretend you had a useful opinion. Remember how Musk was a financial genius for buying Twitter? And then you admitted you know nothing about stock trading and whether he was smart to do what he id? And how he did it to help Trump? then DeSantis? Then his own Presidential ambitions? And how Blue Check Mark verification was critical? And then elitist and dumb? And how Musk was a free speech champion? And then it didn't matter because he can do what he wants? And how you complained about twitter's liberal bias? And how people who complain should just stop using it? Pretty sure you don't need my opinion to come up with all 20 of yours. You're right. He has thought about it as clearly as he thought through the idea of buying twitter. https://fortune.com/2023/03/11/elon...-bank-as-he-lays-twitter-payments-groundwork/
Was Musk actually involved in SVB or is this just something people are throwing out to take shots at other posters? [Edit] Sorry just saw the link that @Major just posted.
