Reply to SVB Bank Run: Fed Calling Emergency Meeting

Forum Index » Political Discussion

Reply to "SVB Bank Run: Fed Calling Emergency Meeting "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]15 banks collapsed under Trump and no one batted an eye. This is the first one under Biden, and it was totally orchestrated by Peter Thiel, who is basically an enemy of the US.

[/quote]

Few care if small community banks go under as spillovers are very limited.

The combined assets of the banks you speak of were less than $20 billion.  SBV has over $200 billion in assets.[/quote]

I think I saw that 97% of their depositors had over $250,000 which is why those accounts were not FDIC insured.

So I'm supposed to feel bad for people who are much much much wealthier than the average American?  Nah.[/quote]

They were mostly small businesses. Not individuals. Do you even understand the basics here?[/quote]

The basics are that SVB is not a traditional bank, it is basically a glorified VC that gave below market rates to start up companies and lobbied the feds to reduce the regulatory oversight, and now got caught with their pants down. the small businesses in question took shortcuts, rather than leaving their reserves in a more protected environment.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics