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Gilad Barlev
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Comments by "Gilad Barlev" (@GSBarlev) on "Banks Are Collapsing... Here's Why" video.
@iamwritingrightnow8217 Um, absolutely not. I work at a financial institution. Our custodial staff are incredibly diligent and hardworking and should not have their profession polluted by jamokes like these.
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@nrk9857 Did you miss the part about the stock sales? This happened Feb. 27. Less than two weeks later they announced that the bank would be selling new shares to plug a hole in the balance sheet. That's what led to the run, but even if it hadn't, it would have torpedoed the stock price thanks to nothing more than supply and demand. I'm not a prosecutor, but that seems like insider trading to me.
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I hope that the SEC is able to charge the CEO and executives with insider trading over dumping their stock right before the collapse. That's so incredibly messed up.
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Explicitly: the layoffs were a feature not a bug because one of the primary drivers of inflation was that workers had too much power. 🤦♂️
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@jordanmon15 Did you watch the video? Unless something else comes to light, the folks managing these banks were inept, not irresponsible. It's not like they collapsed because they bet it all on Luna and we're caught with their pants down--they parked their money in bonds and then got hosed when the Fed raised rates at an unprecedented speed--note I did not unpredictable, and that's why I'm calling them inept
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