Perhaps the BEST B1G Forum anywhere, here at College Football Fan Site, CFB51!!!

The first step in solving a problem is to define it as accurately as possible.

The second step is to pose possible solutions.  And often there really aren't any that are practicable.

No, the first step in solving a problem is acknowledging there is a problem.
A certain % of our population is so in love with our country that they'll never admit it's imperfect.  In their eyes, the founding fathers brought down the Constitution from Mt. Sinai, Jesus was actually born on Dec 25 (I don't know what this has to do with the U.S., but ask them), and the U.S. will chug along as the world's greatest country in perpetuity.  

The mere suggestion that our country is even mortal insults their being.  It's odd...and wrong.

Except…..that’s not at all what is happening.

Small depositors ( ($250k for an individual and multiple times that for accounts with a beneficiary- so I’d you have a second account with $$250k with a beneficiary now your up to $500k) are covered by FDIC insurance, which is paid for by banks. 

The investors at SVB with deposits were fintechs and startups- with hundreds of millions in deposits.  They placed them there at SVB because SVB was one of a few banks known to be willing to loan money to those high risk businesses- in return for deposits.

Extremely poor management of the asset/liability matching, during a period of super high inflation ( spurred by record government spending- forcing the fed to rapidly increase interest rates)is the primary set of issues. 

There are other factors contributing- but there is no way to detail them without them sounding political ( which is NOT the intention) and turning this conversation into a tribe v tribe dialogue as usual. 

You seem fun at parties.  It's a joke, from a cartoon

You seem fun at parties.  It's a joke, from a cartoon

Sorry. I did laugh at the cartoon.  

just wanted to add clarity from a life long banker. 

Happy Pi Day!

No, the first step in solving a problem is acknowledging there is a problem.
A certain % of our population is so in love with our country that they'll never admit it's imperfect.  In their eyes, the founding fathers brought down the Constitution from Mt. Sinai, Jesus was actually born on Dec 25 (I don't know what this has to do with the U.S., but ask them), and the U.S. will chug along as the world's greatest country in perpetuity. 

The mere suggestion that our country is even mortal insults their being.  It's odd...and wrong.

You don't like the Constitution? Please clarify.

You don't believe in God, we know.

World's greatest country?

Well, we were given that, along with the opportunity to amend as time passes.

There are people in this country who do not love it - what we were given. That's a problem I can identify, for sure. People burn the flag all the time - because they are free to do so under the Bill of Rights. Those people are also free to leave, and I wish they would (solution proposed).

...

“We have given you a Republic. It remains to be seen if you will be able to retain it.” The statement was made soon after Benjamin Franklin and the other delegates had concluded their work on the Constitution. A woman approached Ben Franklin outside and asked him "Well, Dr. Franklin, what have you done for us?”

...

Mr. Franklin and the other founders were clearly fearful that "we the people" would eventually try to turn the new Republic into a Democracy.

Well... That's another problem I can identify. 

Yes.  Good read.  Pretty accurate.  The ketchup bottle analogy was spot on. 

I thought the same. And here's more.


https://www.wsj.com/articles/justice-department-sec-investigating-silicon-valley-banks-collapse-c192c2b2?st=94banm3jbcu363d&reflink=desktopwebshare_permalink
https://www.wsj.com/articles/justice-department-sec-investigating-silicon-valley-banks-collapse-c192c2b2?st=94banm3jbcu363d&reflink=desktopwebshare_permalink

I can't imagine a person who thinks the US is somehow "perfect".  I view this as a nonproblem, anyone with such a view is irrelevant.

I don't get wound up about "world's greatest country".  If one attaches differing metrics, you get different outputs.  Maybe the world's greatest is the one with the happiest citizens measured by polling.  Maybe it's the one with the largest GDP (per capita perhaps).  It's like greatest BBQ joints, or wines.  Make a list, throw it away, life goes on.

As for the Constitution, I think many of us here would like to amend it one way or the other, term limits often comes up.

What matters more than this?