The optics aren’t always good when you fly 1st class to your Maui oceanfront home after something like this.
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49 thoughts on “Escape To Maui: Living In Disgrace Never Looked This Good!”
The optics aren’t always good when you fly 1st class to your Maui oceanfront home after something like this.
I noticed someone said that they didn’t see what he did wrong, that’s correct, Becker chose to not have a risk management person, the large investors chose not to insure above the FDIC limits, so they should pay for those losses. The bad party here is those who chose to give them tax payer’s money. I bet they won’t do that for you!
Thank you for turning the light on.
not defending these bank execs but this article is literally creepy stalker vibes and is not telling the full story
in addition to casting the (typicaly scheduled and publicly reported many months ahead of time) stock sales as malicious, it goes on and on to single out this person potentially bringing harm their way
if you want to hate on the banking system, hate the regulators and multiple oversight committees as well
also make sure to hate on the various focuses this bank had that were not at all fundamental to their purpose of acting responsibly for their clients
also hate on the FDIC that went out of its way to pass the costs of this egregious behavior down to other more responsible banks, which ultimately falls on depositors
Don’t worry…most of the people at SVB were elites and since a lot of them are in government (Gavin Newsom for one), everyone will get a tax payer funded bail out. Don’t feel bad for the people who had money at that bank.
Mahalo! Very sad story of how this entitled rich guy has nearly ditched everyone for his own glory. Typical. Almost like a president of a country who flees with all the country’s wealth for himself. Very sad. Aloha!
Thank you for shedding light on this
Mahalo Beat of Hawaii!!
The answer is he’s toast, we the taxpayers are bailing the bank out, and he should learn that in prison, you have to be a certain someone to get to complain about the food.
Oh, I almost forgot the impending divorce he’ll be experiencing.
Hope he saved some cash for a rainy day.
Aloha and blessings always 💗🌺
… still trying to figure out what he did wrong. Hindsight is 20/20. No talk of criminal charges being filed against him. (Putting on my helmet and raincoat) Stop throwing rotten tomatoes at me for my comments.
the answer is nothing illegal. there will be a lot of noise made about this but at the end of the day hes operating in a flawed system. apart from “the big four”, nearly every bank in america would also fold if called on that percentage of their deposits- its the nature of the fractional lending system. this bailout just encourages more risky behavior by banks, they know the fed has their backs.
“The fed has their backs” = taxpayers money going to banks instead of; healthcare, child care, education, living wages, social security, infrastructure, etc. etc.
In the past, many BOH commenters have expressed their desire for more “high-end” types to travel to the islands because they spend more of their money than working-class folks. Be careful what you wish for.
Puamana is definitely the GEM of Lahaina. The first time I stayed there was in 1995 and Paid $175 per night for an Oceanfront 3 br condo with the 7th night free! I stayed in that very Condo twice with the last time being 2017 and I think we paid $350 per night. Actually that was about the going rate for the 3 bedrooms that hadn’t been updated and who cares you are out at the beach all day. In 2018 we were staying at another place as this Unit was unavailable as it had just been purchased. I’ve stayed at Puamana over 20 times and I believe that time is over as $7K/week is just way too much even for an entire family. the Pandemic and remote working is what has led to this and the high prices. I’m So Sad