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LETTER: Blame Trump for SVB collapse

A vault inside a Nevada State Bank branch at 750 E. Warm Springs Road on Thursday, March 23, 20 ...
A vault inside a Nevada State Bank branch at 750 E. Warm Springs Road on Thursday, March 23, 2017, in Las Vegas. (Christian K. Lee/Las Vegas Review-Journal) @chrisklee_jpeg
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The Capitol is seen in Washington. (AP Photo/J. Scott Applewhite)
LETTER: Big bill is truly beautiful
Senate Minority Leader Chuck Schumer of N.Y. (AP Photo/Pablo Martinez Monsivais)
LETTER: Democrats exploit tragedy to attack the president
(AP Photo/Seth Wenig)
LETTER: Remember the Bush plan?
Steve Hill, left, president and CEO of the Las Vegas Convention and Visitors Authority. (Chase ...
LETTER: Awfully generous to LVCVA chief
Robert Bencivenga Henderson
March 25, 2023 - 9:00 pm
 

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.

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(AP Photo/Seth Wenig)
LETTER: Remember the Bush plan?
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Steve Hill, left, president and CEO of the Las Vegas Convention and Visitors Authority. (Chase ...
LETTER: Awfully generous to LVCVA chief
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Does anyone really deserve a bonus of more than a quarter million dollars when they already make a half million in salary and have an expense account that most of us in the real world could never even imagine?

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