I don’t know how banks work

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[Post New]03/12/2023 20:36
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Anonymous
So this SVB situation is going over my head.
[Post New]03/12/2023 20:38
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Anonymous
You also don’t know how to research or google anything, or really educate yourself with even the most modest of efforts, so can’t really help ya
[Post New]03/12/2023 20:38
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Anonymous
Most people don’t.
[Post New]03/12/2023 20:43
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Anonymous
Apparently neither do the financial regulators.
[Post New]03/12/2023 20:46
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Anonymous
Anonymous wrote:You also don’t know how to research or google anything, or really educate yourself with even the most modest of efforts, so can’t really help ya


I'm not the OP but I did read four or five articles about this issue and they are all above my reading comprehension level so I know something seized the banks and people are freaking out but don't understand why the bank was taken at all.
[Post New]03/12/2023 20:46
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Anonymous
Take your money and give you very very small interest. Let others borrow your money from them and charge high interest and bank keeps that money. If everyone withdraws money at the same time, bank collapses. Exhibit 1 SVB
[Post New]03/12/2023 20:47
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Anonymous
Anonymous wrote:Take your money and give you very very small interest. Let others borrow your money from them and charge high interest and bank keeps that money. If everyone withdraws money at the same time, bank collapses. Exhibit 1 SVB


This is actually helpful.
[Post New]03/12/2023 20:49
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Anonymous
Anonymous wrote:Take your money and give you very very small interest. Let others borrow your money from them and charge high interest and bank keeps that money. If everyone withdraws money at the same time, bank collapses. Exhibit 1 SVB


What made everybody decide to withdraw all at the same time in this case?
[Post New]03/12/2023 20:49
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Anonymous
Anonymous wrote:Apparently neither do the financial regulators.


Blame Trump-era roll-back of the regulations that would have prevented this.
[Post New]03/12/2023 20:52
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Anonymous
Anonymous wrote:
Anonymous wrote:Take your money and give you very very small interest. Let others borrow your money from them and charge high interest and bank keeps that money. If everyone withdraws money at the same time, bank collapses. Exhibit 1 SVB


What made everybody decide to withdraw all at the same time in this case?


A certain Venture Capitalist said it was a good idea on a freaking group chat with his techbro buddies. Seriously.
[Post New]03/12/2023 20:54
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Anonymous
SVB dealt with a lot of high risk loans too.
[Post New]03/12/2023 20:56
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Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:Take your money and give you very very small interest. Let others borrow your money from them and charge high interest and bank keeps that money. If everyone withdraws money at the same time, bank collapses. Exhibit 1 SVB


What made everybody decide to withdraw all at the same time in this case?


A certain Venture Capitalist said it was a good idea on a freaking group chat with his techbro buddies. Seriously.


Is his strategy to start up an Uber or Airbnb of banking to totally disrupt the industry, dude?
[Post New]03/12/2023 20:57
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Anonymous
If you really want to know, here's an online course
www.coursera.org/course/money
[Post New]03/12/2023 21:10
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Anonymous
Anonymous wrote:If you really want to know, here's an online course
www.coursera.org/course/money


Thank you!
[Post New]03/12/2023 21:26
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Anonymous
Anonymous wrote:SVB dealt with a lot of high risk loans too.


Relatively, their loan book was puny.
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