Silicon Valley Bank Collapse
- Thread starter Regulator623
- Start date
WildmanWilson
12 pointer
I know people don’t like hearing this but this falls in line with the biblical mark of the beast. It’s all playing out right before our eyes. If you don’t take the mark you will be shut out and be made to suffer.
grinder
12 pointer
CBDC ?
WildmanWilson
12 pointer
central bank digital currency
120+
12 pointer
NEVER put more money in a bank than the FDIC will insure. That's a given.
WildmanWilson
12 pointer
Luckily I don’t have that problem….
Regulator623
12 pointer
Tomorrow is shaping up for a firesale on Wall Street, especially banking stocks.
120+
12 pointer
Me either. Can't imagine having that much cash.
grouseguy
12 pointer
That’s really not a problem for individual or joint personal accounts, but large corporate accounts are another matter. They may regularly have over that amount just to fund normal payroll.
There’s really no reason to make more of this than necessary. This bank specialized in Silicon Valley startups, which by their very nature have more risk than normal. They also overly exposed themselves to excessive interest rate risk by matching short term deposits against long term investments at unheard of low rates. Once the Fed started raising short term rates they found themselves in a negative interest rate spread, which quickly ate up their capital.
Overly simplified, they lent to a mostly single sector, which didn’t provide diversity protections and made bad investment decisions. In hindsight, it was a poor business model
drakeshooter
12 pointer
I expect some runs on banks tomorrow morning.
PS, I don’t take financial advice from proven retards regardless of what field they’re supposedly in.
PS, I don’t take financial advice from proven retards regardless of what field they’re supposedly in.
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drakeshooter
12 pointer
“There’s really no reason to make more of this than necessary.” Lol
grouseguy
12 pointer
Like I said … a poor business model and mismanagement.
EdLongshanks
12 pointer
That guy was discredited a long time ago. He’s a punchline.Hard to believe this guy promoting this bank on his show. He's lost all credibility.
CNBC's Jim Cramer eviscerated for touting Silicon Valley Bank weeks before disastrous collapse
CNBC's Jim Cramer eviscerated for touting Silicon Valley Bank weeks before disastrous collapse
Jim Cramer touted the potential of SVB Financial back in February. His words did not age well, and he has been skewered on social media by major accounts.www.foxnews.com
I guess the Pelosis, Harris and Newsomes did have money in the bank....
All Silicon Valley Bank customers' funds guaranteed, U.S. government says
The heads of three federal agencies said Silicon Valley Bank customers would be fully protected after the lender's failure, adding that taxpayers would not bear the costs.
cedar creek
12 pointer
- Sep 7, 2014
- 2,184
Do you all think it will spread local level banks?
