36°F
weather icon Partly Cloudy

LETTER: Blame Trump for SVB collapse

Woke Silicon Valley Bank? It’s obvious Victor Joecks (March 15 column) has no understanding of the term “woke.” That said, he gave every right-leaning talking point for why SVB failed except for the correct two.

First, the previous administration gutted several important rules of the Dodd-Frank bill, which allowed SVB to raise its reserve requirements. Second, bank honchos invested in long-term bonds in an era when interest rates were fast rising. They needed to sell those bonds at a loss in order to cover the demanded cash withdrawals.

The light of truth helps people understand.

MOST READ
Don't miss the big stories. Like us on Facebook.
THE LATEST
LETTER: Too many orange cones

Our local politicians need to rethink their obsession with destroying major roadways.

LETTER: Cops put their lives on the line to protect and serve

I was taught from a young age that respect for those in law enforcement was expected, and that if you were ever in a situation where an officer gave you an order, you followed it … period.

LETTER: Blame Nevada voters for high power costs

Your statement that, “Nevada consumers who are upset at high utility costs should direct their ire to state policy makers” is way off the mark.

LETTER: Local BLM land sales?

Land could be free for first-time home buyers.

LETTER: Rain, rain go away

Homeowners should be careful not to water when wet weather comes to the valley.

MORE STORIES