Negatrev t1_jc6yoe8 wrote
Reply to comment by blahbleh112233 in Silicon Valley Bank posted 'financial crimes' senior manager job listing just before closure by carolinaindian02
That's doesn't change anything. A required role for regulatory reasons would be advertised as soon as the previous incumbent left (or announced they were leaving). So this means that management hid the failures so much that this senior position still had the job listing updated and published while the office was in actuality burning down around them!
blahbleh112233 t1_jc6z9gi wrote
What? Unless I missed something, there was nothing to hide, the entire finance industry knew basically all of SVB's deposits were uninsured and just underestimated systemic risk.
Don't want to take a shot at you but do you have experience in the finance industry? Its posts like this along with the weird political bent that makes me wonder how much of reddit just a weird witch hunt.
Negatrev t1_jc7090z wrote
What politics? It's just amusing that either the person listing the job didn't know, or listed it regardless of everything happening. Either way it's funny!
blahbleh112233 t1_jc717zd wrote
It's a broad statement given how redditors are making pretty wild leaps of judgement based on no facts.
I'm really not sure what the regulatory job has to do with SVB going under, when SVB went under because of a bank run that had nothing to do with the job posting at all. This is like if an apartment complex burns down due to arson, and people point to an open plumber position as the smoking gun
Negatrev t1_jc73kjd wrote
Which would be amusing if the position was posted while the complex was already on fire 🤷
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