tackle_bones t1_jc5kw7j wrote on March 14, 2023 at 5:03 AM

Reply to comment by nowyourdoingit in Silicon Valley Bank posted 'financial crimes' senior manager job listing just before closure by carolinaindian02

That last line of the into… we live in a world of idiots.

Edit: the line said ‘she worked at the Woke bank SVB as it collapsed’. The page has since been edited to remove that.

Riaayo t1_jc61gii wrote on March 14, 2023 at 8:46 AM

We're experiencing the logical conclusion of a culture of failing upward.

Eventually nobody at the top knows what the fuck they are doing.

metameh t1_jc6502k wrote on March 14, 2023 at 9:38 AM

All I'm saying is that you gotta fail in order to know what not to do. Its not like there's decades of best practices one could look to to make sound decisions or anything. And to expect a government regulator to understand the industry? You most be out of your mind.

Real talk: this is why there needs to be a wall between civil servants and the businesses they oversee, not a revolving door. The latter create incentives for regulators to sell out and leave us holding the bag.

Redman5012 t1_jc6qjg3 wrote on March 14, 2023 at 1:30 PM

Idiocracy was a documentary

noishmael t1_jc72ib2 wrote on March 14, 2023 at 2:56 PM

This exactly, the entire financial cabinet to border to foreign affairs, it’s almost funny because before 2020 the media was excited for “adults” to be back in charge! But turns out those adults are actually little kids playing with their toys. At least we have the first African lesbian press secretary

wormholetrafficjam t1_jc5qa8z wrote on March 14, 2023 at 6:08 AM

Sigh. That’s the best their faculties allow them to understand the situation.

Ficon t1_jc6pomh wrote on March 14, 2023 at 1:23 PM

"She was also a director of Silicon Valley Bank, the second biggest bank to go bankrupt in US history."