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Monday, April 3, 2023

 Silicon Valley Bank’s risk model flashed red. So its executives changed it. Wrote the Washington Post on 4-2-23, and the Enlightened Prisoner responded thus:

When the dust settles on the SVB debacle, will any lesson be learned about containing the lack of transparency by bank executives and board members throughout the banking industry? Unlikely.

You see, in the corporation's world, their business plans and its execution are a closely guarded secret, and governance operates within totalitarian control. You are only made aware of their operational miscues after the fact, or in made for entertainment movies, sanitized by Hollywood Screenwriters.

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