SVB bankruptcy linked to Goldman Sachs

[Yugocean]

According to the reports, Goldman Sachs apparently purchased the $21 billion portfolio that Silicon Valley Bank sold at a loss and ultimately led to SVB's collapse. Given that Goldman Sachs stands to profit financially from SVB's bankruptcy, the firm has come under fire. In letters to several agencies, a number of US politicians have requested an investigation into Goldman Sachs' role.

What do you think?

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[relcap23]

It was an investment decision by SVB opting to sell its portfolio. Thr bank could already be facing liquidity issues.

 

[nomad]

I have heard of this news but I don't care much because I don't have my stakes there. By the way, the owners and promoters of these big corporations still make money even when their business collapses. It is commoners who lose money.

 

[Heatman]

I have heard of this news but I don't care much because I don't have my stakes there. By the way, the owners and promoters of these big corporations still make money even when their business collapses. It is commoners who lose money.

This is one of the reason why I am very careful when it comes to companies that I choose to invest my money into because most of them don't really care about the lower investors.

 

[Yugocean]

Government did not announce any investigation, not the politicians are demanding properly, corruption makes them to do what they please, and they ought not to go against if they get profit.

 

[Heatman]

Government did not announce any investigation, not the politicians are demanding properly, corruption makes them to do what they please, and they ought not to go against if they get profit.

Sometimes, I believe that the government are involved in the level of corruption that happens in such companies because ordinary things are not supposed to be done that way.

 

[Stardom22]

I hope whatever that is happening in there is as a result of the government mul-practices like the corruption, embezzlement of government funds among other awful practices by the government officials.