Silicon Valley Bank Collapse

[Dark Cloud]

Maybe ole Joe ,can get Ukrainian president ,to loan some to the banks ,with a low interest rate.

 

[carnivore]

@grouseguy Seriously, why dont you comment on this? Surely you aren’t a elitist hypocritical coward.

 

[EC]

Maybe ole Joe ,can get Ukrainian president ,to loan some to the banks ,with a low interest rate.

Or get him to play a tune on his pecker piano...

 

[drakeshooter]

What’s the retard gonna say? He’s gonna tell you that it’s for the overall good of the economy to bail them out. Just lending credence to the retard.

 

[grouseguy]

View attachment 111238


@grouseguy Seriously, why dont you comment on this? Surely you aren’t a elitist hypocritical coward.


View attachment 111235

Massie is all mouth ... nothing more than an attention whore like Paul & Comer. True embarrassments to KY ... all bitch and no solutions.

As for the action President Biden took ... I agree with it from a basic right vs. wrong perspective. The depositors didn't do anything wrong other than choosing the wrong bank. As I said earlier, this is simply a case of a risky business model coupled with mismanagement. Therefore, since usually most of the stock is held by upper management and the BoD, I approve of protecting the depositors while allowing the investors to take the hit.

It also had the side benefit of cooling off the situation that likely prevented other knee jerk reactions from other depositors at other banks.

I was out of banking for many years before the 2018 deregulation occurred, so I have no first hand knowledge of how this played into everyday management decisions, but from nearly 3 decades of prior experience, I can say that deregulation is a terrible concept in the financial sector, because it completely excludes the most potentially volatile variable ... GREED!!!

 

[drakeshooter]

Smh, give the moron an opening and he uses 4 paragraphs.

 

[grouseguy]

Smh, give the moron an opening and he uses 4 paragraphs.

Well, I suppose I could have found some dumbass off topic, hate filled tweet to link.

 

[GodblessKy]

Well, I suppose I could have found some dumbass off topic, hate filled tweet to link.

Here ya go. Can always count on Trump Jr. to twist bank deregulation and blame woke gay people.

Donald Trump Jr.
@DonaldJTrumpJr
·
Mar 12

Silicon Valley Bank Goes BROKE after LGBTQ+ Activism - Merica! Now

realnewsnow.com
Silicon Valley Bank Goes BROKE after LGBTQ+ Activism - Merica! Now
Silicon Valley Bank had $209 Billion is assets. The California Lender was the 16th largest US bank.

 

[B.M. Barrelcooker]

I’m going heavy on Bitcoin and Tesla.

Up 1% on Bitcoin and 5% on Tesla today.
Not bad for a quickie.

 

[EC]

You should have bought Tesla when Cramer was telling everyone to buy it when it was $800 a share.

 

[timer]

Massie is all mouth ... nothing more than an attention whore like Paul & Comer. True embarrassments to KY ... all bitch and no solutions.

As for the action President Biden took ... I agree with it from a basic right vs. wrong perspective. The depositors didn't do anything wrong other than choosing the wrong bank. As I said earlier, this is simply a case of a risky business model coupled with mismanagement. Therefore, since usually most of the stock is held by upper management and the BoD, I approve of protecting the depositors while allowing the investors to take the hit.

It also had the side benefit of cooling off the situation that likely prevented other knee jerk reactions from other depositors at other banks.

I was out of banking for many years before the 2018 deregulation occurred, so I have no first hand knowledge of how this played into everyday management decisions, but from nearly 3 decades of prior experience, I can say that deregulation is a terrible concept in the financial sector, because it completely excludes the most potentially volatile variable ... GREED!!!

The depositors who benefited all had over $250K on deposit in the bank. This isn't Ma and Pa Kettle who didn't have the means to understand the riskiness of the business model and that the bank was on thin ice.

Whether or not the depositors did anything wrong doesn't matter. They did NOT have a claim to the money that JB gifted them. And for JB to say that this will not cost the taxpayers anything is nothing more than wishful thinking.

 

[EC]

This is probably a plan to kill off the regionals and force people to the mega banks.

 

[Regulator623]

Had an interesting conversation with an independent long haul trucker this evening that I ran into on the side of the highway...he's saying work is drying up and loads are going cheap right now to the point of breaking even. Says it's the worst he's seen in several years for the owner-operators. He told me to get ready.

 

[EC]

Just forgot it, I’m sure…

Gavin Newsom Praises Biden's Backing of SVB Customer Deposits, Forgets to Mention He Was a Client​

Gavin Newsom Praises Biden's Backing of SVB Customer Deposits, Forgets to Mention He Was a Client

Things that make you go, hmmm: California Governor Gavin Newsom's deep ties to Silicon Valley Bank come to light.

redstate.com

 

[drakeshooter]

They have no idea what they are doing.

Stock market expert says Fed will pivot and cut rates 'very shortly'

After predicting a high probability of a market crash within the next 60 days, The Bear Trap Report's Larry McDonald weighs in on "the beast" that will now force Fed action.

www.foxbusiness.com