Anonymous
Post 03/12/2023 21:26     Subject: I don’t know how banks work
Anonymous wrote:SVB dealt with a lot of high risk loans too.


Relatively, their loan book was puny.
Anonymous
Post 03/12/2023 21:10     Subject: I don’t know how banks work
Anonymous wrote:If you really want to know, here's an online course
www.coursera.org/course/money


Thank you!
Anonymous
Post 03/12/2023 20:57     Subject: I don’t know how banks work
If you really want to know, here's an online course
www.coursera.org/course/money
Anonymous
Post 03/12/2023 20:56     Subject: I don’t know how banks work
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?
Anonymous
Post 03/12/2023 20:54     Subject: I don’t know how banks work
SVB dealt with a lot of high risk loans too.
Anonymous
Post 03/12/2023 20:52     Subject: I don’t know how banks work
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.
Anonymous
Post 03/12/2023 20:49     Subject: I don’t know how banks work
Anonymous wrote:Apparently neither do the financial regulators.


Blame Trump-era roll-back of the regulations that would have prevented this.
Anonymous
Post 03/12/2023 20:49     Subject: I don’t know how banks work
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?
Anonymous
Post 03/12/2023 20:47     Subject: I don’t know how banks work
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.
Anonymous
Post 03/12/2023 20:46     Subject: I don’t know how banks work
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
Anonymous
Post 03/12/2023 20:46     Subject: Re:I don’t know how banks work
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.
Anonymous
Post 03/12/2023 20:43     Subject: I don’t know how banks work
Apparently neither do the financial regulators.
Anonymous
Post 03/12/2023 20:38     Subject: I don’t know how banks work
Most people don’t.
Anonymous
Post 03/12/2023 20:38     Subject: Re:I don’t know how banks work
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
Anonymous
Post 03/12/2023 20:36     Subject: I don’t know how banks work
So this SVB situation is going over my head.