Serious US Silicon Valley Bank Uplorry! Nearly All Of Their Bank Deposits Uninsured!! Oppies Still Think PAP Banks Like DBS And OCBC Cannot Make It?

[Loofydralb]

So we should be thankful that DBS bought over POSB? Which sinkies lost their deposits when the merger took place?

POSB was acquired by DBS, as the Government sought to give DBS enough muscle to become a regional financial powerhouse. POSB was fully acquired by DBS Bank on 16 November 1998 for S$1.6 billion, and POSB ceased to exist as a statutory board under the Ministry of Finance.

Yeah, this is the surprising fact: DBS bought POSB. Not the other way around. And it’s not because POSB was having any difficulty whatsoever – I mean, if you think about it, if POSB was any difficulty, Singapore would be ruined since it’s part of the Government.

https://goodyfeed.com/5-things-you-probably-didnt-know-about-posbdbs-merger/




This scenario happens a lot in third world countries, including jiuhu. But I doubt you're unhappy about it. If PAP was truly socializing losses with taxpayers' monies, our Sing dollar would have been devalued significantly by now.

Posb deposits lost their guarantees. And a declared interest rates that were significantly higher.
If today you open a bank and give out these terms, I bet everybody will close their other accounts and bank with you.
That is where we lost.

 

[JohnTan]

Posb deposits lost their guarantees. And a declared interest rates that were significantly higher.
If today you open a bank and give out these terms, I bet everybody will close their other accounts and bank with you.
That is where we lost.

POSB/DBS has local competitors. If they were able to offer better interest rates to poach POSB's customers, they would have done so.

 

[winnipegjets]

DBS is Ah Neh bank ...it is a matter of time before it will lose big money. Ah Nehs don't build ...they rape.

 

[Loofydralb]

POSB/DBS has local competitors. If they were able to offer better interest rates to poach POSB's customers, they would have done so.

You totally have no idea what I am saying. I give up. You can't talk sense to idol worshippers, polytheists and pagans.

 

[JohnTan]

You totally have no idea what I am saying. I give up. You can't talk sense to idol worshippers, polytheists and pagans.

You've no idea what you are talking about. Pagans like you who worship a silly stone and elevate a pedophile to godlike status are stupid.

 

[Loofydralb]

You've no idea what you are talking about. Pagans like you who worship a silly stone and elevate a pedophile to godlike status are stupid.

Even the Jews say you are polytheists and idolators, they are not allowed into churches for prayers but they can pray in masjids because they openly admit Islam is montheistic.

Listen to the rabbi yourself:

 

[congo9]

The Americans has a transparent system. When things turn shit, they will investigate and make good out of it with more regulation.

If you think china will do that, they will silence you via cancelling your bank account , WeChat.

 

[laksaboy]

Silicon Valley Bank is the moneybags of the Democrat-infested Deep State cabal. Full of libtards and wokesters.

 

[Hypocrite-The]

Silicon Valley Bank is the moneybags of the Democrat-infested Deep State cabal. Full of libtards and wokesters.

So it's collapse is a good thing to Sabo the left?