SVB failure

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Peter Theil did this on purpose

Peter Theil is the master Elon, Navaro, Bannon etc all answer to the KING.

Wake up people MAGA morons have destroyed this country and it will get way worse.

Who will be destroyed first MAGA idiots But hey keep voting Republcian traitors Russia will be boots on ground here 2026. This is not hard the lines are clear.

Peter Theil is an enemy to the US>

Cocaine is a helluva drug… calm down, kid.

Follow the money.

This is not hard.

Theil had all of his investors take out their money weeks ago. He created a run on the bank. He knew exactly what he was doing. They are going to destroy the US. What do you not understand at this point? Theil is connected to Stone, Navarro, Flynn & Bannon. Theil has pulled Musks strings for years. Musk is stupid he just has daddies monies.

Theil funded the border wall tha has since falled down and all the contractors are indicted on felony charges.

Wake up people the Republican party is going to destroy us.

Literally not a hard thing to see.

Maga is so stupid.

Anyone reasonably knowledgeable about banks who read their year end financials could have told this was a troubled banks with close to no capital when you haircut their securities holdings by their mark to market losses. Peter Thiel likely was one of those people.

Sure, Jan. You are smarter than the all tech people and bank analysts in the country. You must of made a bunch of money on all the hedges you placed, right? Right? Nah, you are just some random guy with 250k in a Fidelity account trying to sound smart.

[Anonymous]

Anonymous wrote:

“ESG” funds are all the rage in the investment world and there is very little regulation for their marketing. Any day now SEC will be announcing new regulations re what qualifies as an ESG and how they can be marketed. Because as of today, a broker-dealer could slap an ESG label on their fund without having to meet any requirements.

Why should you care? Because SVB was a part of many ESG marketed
ETFs and other strategies. Regular people may not even know they own shares in it.

Also regardless of your political affiliation be very careful when investing in what is marketed as ESG funds. When the new regs are released there will probably be a compliance period so for now it’s the wild Wild West out there. A fund could claim for instance they’re good for the environment but their carbon footprint is awful (just an example).

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Peter Theil did this on purpose

Peter Theil is the master Elon, Navaro, Bannon etc all answer to the KING.

Wake up people MAGA morons have destroyed this country and it will get way worse.

Who will be destroyed first MAGA idiots But hey keep voting Republcian traitors Russia will be boots on ground here 2026. This is not hard the lines are clear.

Peter Theil is an enemy to the US>

Cocaine is a helluva drug… calm down, kid.

Follow the money.

This is not hard.

Theil had all of his investors take out their money weeks ago. He created a run on the bank. He knew exactly what he was doing. They are going to destroy the US. What do you not understand at this point? Theil is connected to Stone, Navarro, Flynn & Bannon. Theil has pulled Musks strings for years. Musk is stupid he just has daddies monies.

Theil funded the border wall tha has since falled down and all the contractors are indicted on felony charges.

Wake up people the Republican party is going to destroy us.

Literally not a hard thing to see.

Maga is so stupid.

Anyone reasonably knowledgeable about banks who read their year end financials could have told this was a troubled banks with close to no capital when you haircut their securities holdings by their mark to market losses. Peter Thiel likely was one of those people.

Sure, Jan. You are smarter than the all tech people and bank analysts in the country. You must of made a bunch of money on all the hedges you placed, right? Right? Nah, you are just some random guy with 250k in a Fidelity account trying to sound smart.

Analysts have been looking at SVB for a while. Very fast growth is not a good thing in banking. And security losses at a lot of banks have has been discussed in those circles for months. This isn't rocket science.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:UK authorities are scrambling.

https://www.ft.com/content/258d0732-d37b-49d6-8de8-b230a6568965

Likely behind a paywall for most. Some snippets:


UK chancellor Jeremy Hunt was on Saturday locked in talks over how to stop the collapse of Silicon Valley Bank from dealing a heavy blow to Britain’s tech sector.

More than 200 UK-based tech company executives have urged Downing Street to step in, warning that many companies faced an “existential threat” because they banked with the UK arm of SVB.

One London-based venture capitalist said: “There is growing confidence that the UK government will step in with liquidity measures on Monday.”

The Bank of England moved to put the UK arm of SVB into insolvency late on Friday following the shutdown earlier in the day of the bank’s US entity, but said it had “a limited presence in the UK and no critical functions supporting the financial system”.

On Saturday around 210 start-up founders and leaders signed an open letter to Hunt, warning that “the majority of us as tech founders are running numbers to see if we are potentially technically insolvent”.

This is why I’m laughing at all the “this is not a big deal” / “it’s just some small bank in California” takes. This collapse will have an impact worldwide for months, potentially even years to come.

Yes. The people who think this is “just California” seem ignorant.

It will have an impact on tech companies who should have been smarter and in most cases serve no important societal purpose. In the US we have resolution procedures to unwind failed banks and fairly distribute assets. There is no guarantee for uninsured deposits. I assume UK has a similar structure. There’s zero reason to treat the tech companies any differently from what the law already prescribes. Tough luck.

Bad take. It’s going to hit nearly everyone’s retirement accounts, for a start.

Yeah well a lot of things hit my retirement account without triggering bail outs of for-profit companies.

[Anonymous]

Anonymous wrote:Bigger than SVB because if uninsured deposits are not made whole within a day or two, every business in America with accounts at banks that are not too big to fail (so, like 3-4, Bank of America, chase, citi, wells) are going to be pulling funds and opening accounts at those big banks. That will create similar bank runs everywhere.

It seems people are having trouble seeing the differences between protecting depositors and ‘bailing out’ the bank itself and its investors.

depositors are protected by our existing system.

[Anonymous]

Anonymous wrote:“It will have an impact on tech companies who should have been smarter and in most cases serve no important societal purpose.“

You’d be surprised what software / tech companies do to keep society functioning….without these “tech companies that serve no important societal purpose” you would not be able to work from home.

lemme know when Verizon turns off.

so now tech is too big to fail? lol.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Peter Theil did this on purpose

Peter Theil is the master Elon, Navaro, Bannon etc all answer to the KING.

Wake up people MAGA morons have destroyed this country and it will get way worse.

Who will be destroyed first MAGA idiots But hey keep voting Republcian traitors Russia will be boots on ground here 2026. This is not hard the lines are clear.

Peter Theil is an enemy to the US>

Cocaine is a helluva drug… calm down, kid.

Follow the money.

This is not hard.

Theil had all of his investors take out their money weeks ago. He created a run on the bank. He knew exactly what he was doing. They are going to destroy the US. What do you not understand at this point? Theil is connected to Stone, Navarro, Flynn & Bannon. Theil has pulled Musks strings for years. Musk is stupid he just has daddies monies.

Theil funded the border wall tha has since falled down and all the contractors are indicted on felony charges.

Wake up people the Republican party is going to destroy us.

Literally not a hard thing to see.

Maga is so stupid.

Anyone reasonably knowledgeable about banks who read their year end financials could have told this was a troubled banks with close to no capital when you haircut their securities holdings by their mark to market losses. Peter Thiel likely was one of those people.

Sure, Jan. You are smarter than the all tech people and bank analysts in the country. You must of made a bunch of money on all the hedges you placed, right? Right? Nah, you are just some random guy with 250k in a Fidelity account trying to sound smart.

ha ha all those rich bankers sure knew best about MBS back in the 2000s, right???

[Anonymous]

This is another good article that explains what went down. And also gives a little insight into the tech startup ecosystem.

https://www.bloomberg.com/opinion/articles/2023-03-10/startup-bank-had-a-startup-bank-run

[Anonymous]

Anonymous wrote:

Anonymous wrote:Bigger than SVB because if uninsured deposits are not made whole within a day or two, every business in America with accounts at banks that are not too big to fail (so, like 3-4, Bank of America, chase, citi, wells) are going to be pulling funds and opening accounts at those big banks. That will create similar bank runs everywhere.

It seems people are having trouble seeing the differences between protecting depositors and ‘bailing out’ the bank itself and its investors.

depositors are protected by our existing system.

Depositors are protected up to $250k per account. That protection is meaningless to even a small business, not to mention medium or large ones.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Peter Theil did this on purpose

Peter Theil is the master Elon, Navaro, Bannon etc all answer to the KING.

Wake up people MAGA morons have destroyed this country and it will get way worse.

Who will be destroyed first MAGA idiots But hey keep voting Republcian traitors Russia will be boots on ground here 2026. This is not hard the lines are clear.

Peter Theil is an enemy to the US>

Cocaine is a helluva drug… calm down, kid.

Follow the money.

This is not hard.

Theil had all of his investors take out their money weeks ago. He created a run on the bank. He knew exactly what he was doing. They are going to destroy the US. What do you not understand at this point? Theil is connected to Stone, Navarro, Flynn & Bannon. Theil has pulled Musks strings for years. Musk is stupid he just has daddies monies.

Theil funded the border wall tha has since falled down and all the contractors are indicted on felony charges.

Wake up people the Republican party is going to destroy us.

Literally not a hard thing to see.

Maga is so stupid.

Some of you people need to live in reality and not fantasy land. This is just sad. Please stop watching CNN or Fox News. It is not real life. You reek of conspiracy theorist.

[Anonymous]

Anonymous wrote:This is another good article that explains what went down. And also gives a little insight into the tech startup ecosystem.

https://www.bloomberg.com/opinion/articles/2023-03-10/startup-bank-had-a-startup-bank-run

Read this yesterday. Highly recommended for anyone interested in how this happened.

[Anonymous]

Anonymous wrote:This is another good article that explains what went down. And also gives a little insight into the tech startup ecosystem.

https://www.bloomberg.com/opinion/articles/2023-03-10/startup-bank-had-a-startup-bank-run

Can’t read,paywall,

Could you summarize it?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Peter Theil did this on purpose

Peter Theil is the master Elon, Navaro, Bannon etc all answer to the KING.

Wake up people MAGA morons have destroyed this country and it will get way worse.

Who will be destroyed first MAGA idiots But hey keep voting Republcian traitors Russia will be boots on ground here 2026. This is not hard the lines are clear.

Peter Theil is an enemy to the US>

Cocaine is a helluva drug… calm down, kid.

Follow the money.

This is not hard.

Theil had all of his investors take out their money weeks ago. He created a run on the bank. He knew exactly what he was doing. They are going to destroy the US. What do you not understand at this point? Theil is connected to Stone, Navarro, Flynn & Bannon. Theil has pulled Musks strings for years. Musk is stupid he just has daddies monies.

Theil funded the border wall tha has since falled down and all the contractors are indicted on felony charges.

Wake up people the Republican party is going to destroy us.

Literally not a hard thing to see.

Maga is so stupid.

Anyone reasonably knowledgeable about banks who read their year end financials could have told this was a troubled banks with close to no capital when you haircut their securities holdings by their mark to market losses. Peter Thiel likely was one of those people.

Sure, Jan. You are smarter than the all tech people and bank analysts in the country. You must of made a bunch of money on all the hedges you placed, right? Right? Nah, you are just some random guy with 250k in a Fidelity account trying to sound smart.

Analysts have been looking at SVB for a while. Very fast growth is not a good thing in banking. And security losses at a lot of banks have has been discussed in those circles for months. This isn't rocket science.

+1 in 2020-21 their growth went way too high outta nowhere with nothing to support it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Bigger than SVB because if uninsured deposits are not made whole within a day or two, every business in America with accounts at banks that are not too big to fail (so, like 3-4, Bank of America, chase, citi, wells) are going to be pulling funds and opening accounts at those big banks. That will create similar bank runs everywhere.

It seems people are having trouble seeing the differences between protecting depositors and ‘bailing out’ the bank itself and its investors.

depositors are protected by our existing system.

Depositors are protected up to $250k per account. That protection is meaningless to even a small business, not to mention medium or large ones.

they get a priority in the wind-down. that’s the bank resolution system we have. they aren’t entitled to anything more.

[Anonymous]

Anonymous wrote:Seems like the regulators were asleep on the wheel with this bank. How could you allow customer deposits to be used to loan out in risky venture debt or long term duration MBS that dont need to marked to market to conceal losses?

There's got to be alot of collateral damage if they dont come up with a mechanism to give company's deposits back in a timely manner so they can make payroll. The equity and debt holders of the bank should be wiped out for their incompetence for risk management.

When these long duration securities were purchased, rates were at 0. This is what happens when you starve the system of yield for too long- you force institutions to take more risk.