Anonymous
03/12/2023 23:34
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:This economy is so robust that banks cannot keep up. They are roadkill !!!
Inflation reduction act and Biden’s investment in all aspects of infrastructure will power us through this century.
Ignore fat cat banker issues.
I hope this is sarcasm.
Not sarcastic at all. Biden is building up from the bottom. The top will take care of itself. These rich vc’s should buy the bank.
It is Biden's spending that got us where we are.
I’ve seen a bunch of dumb takes on this, but this wins the award for dumbest so far.
DP. But PP is correct. Though I’d edit it to say trump and Biden spending is why we’re here.
Print trillions of dollars, causes inflation. So the fed had to pivot and raise interest rates to lower rates. SVB didn’t foresee interest rates hikes and it was too little, too late.
But why did they make a different calculation from other banks? The other banks are that much smarter?
Well, most are and they have a less fickle customer base. SVB had no chief risk officer for eight months. Their interest rate risk and liquidity management was very poor.
Anonymous
03/12/2023 23:19
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Serious question … how does this affect most Americans, not your DCUM types? Will they realize that anything happened?
Yes, regular people are not getting their paychecks, because their company uses SVB or their small company outsourced accounting services to bigger firms that had the money in SVB. For a regular person, it can mean no paycheck.
Anonymous
Anonymous
03/12/2023 22:56
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:This economy is so robust that banks cannot keep up. They are roadkill !!!
Inflation reduction act and Biden’s investment in all aspects of infrastructure will power us through this century.
Ignore fat cat banker issues.
I hope this is sarcasm.
Not sarcastic at all. Biden is building up from the bottom. The top will take care of itself. These rich vc’s should buy the bank.
It is Biden's spending that got us where we are.
I’ve seen a bunch of dumb takes on this, but this wins the award for dumbest so far.
DP. But PP is correct. Though I’d edit it to say trump and Biden spending is why we’re here.
Print trillions of dollars, causes inflation. So the fed had to pivot and raise interest rates to lower rates. SVB didn’t foresee interest rates hikes and it was too little, too late.
But why did they make a different calculation from other banks? The other banks are that much smarter?
Anonymous
03/12/2023 22:40
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Don’t use a bank that has a lot of VC a-hole depositors. They coordinated an unnecessary run on the bank that screwed the bank and the depositors who were not in on it.
Anonymous
03/12/2023 21:37
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote:Serious question … how does this affect most Americans, not your DCUM types? Will they realize that anything happened?
They have no idea how close they were to being unemployed. Blissfully unaware. And the Democrats will lose the messaging war again.
There are still people that have no clue that this just happened. My DH was talking to colleagues over the weekend and they hadn’t heard of it.
Anonymous
03/12/2023 21:28
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:So there are all of these libertarians etc calling on the Fed/FDIC to basically take over and secure the bank.
Keep in mind, this i only happening because Trump totally gutted regulations that would have prevented this from happening. So we are going to get a massive bailout for Silicon Valley Bank and yet people complain about a few thousand dollars in bailouts for student loans.
For one, the FDIC already took over the bank around 24 hours ago
Two, this is not caused by Trump gutting regulations. The cause was interest rate risk- recall people deposit money at banks and they turn around and lend money, in this case in the form of MBS and treasuries. The fed kept interest rates too low for too long and then they hiked rates precipitously, which caused huge losses for the bank on those securities that were purchased when interest rates were much lower
Disagree. Trump gutted Dodd-Frank that would have protected against this.
Dodd-Frank redefined the DEPOSITOR as an unsecured creditor by lawful authority. Bank deposits therefore become the property of the bank and your deposits represent a liability to the bank. Got it? As an unsecured creditor, you stand second-in-line for those funds and the bank's primary creditors get first dibs. Remember the haircuts people in Cyprus and Argentina took?
I swear, you'll throw out any term because you don't want to take the time to understand things.
You're like a parakeet yelling Trump GOP Trump GOP.
The U.S.practices depositor preference.
And you ain't preferred.
https://www.unz.com/article/what-will-happen-when-banks-go-bust-bank-runs-bail-ins-and-systemic-risk/
Anonymous
03/12/2023 21:26
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:How many bank failures under the other guy?
The fact that you have to ask tells us that any failures were inconsequential, comparatively speaking.
Anonymous
03/12/2023 21:24
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:How many bank failures under the other guy?
16
https://www.fdic.gov/bank/historical/bank/
You see the second row that states total assets?
PP asked a question and got a factual answer.
Unless the number of failures is massive, total assets of failed banks matters far more than number of failed banks. The assets of the 16 were less than $20 billion. SVB was about $210 billion, and Signature about $120 billion.
BTW pointing fingers for bank failures and the like to this president or that is childish.
Anonymous
Anonymous
03/12/2023 21:12
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote:Anonymous wrote:How many bank failures under the other guy?
16
https://www.fdic.gov/bank/historical/bank/
You see the second row that states total assets?
PP asked a question and got a factual answer.
Anonymous
03/12/2023 21:11
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:How many bank failures under the other guy?
He rolled back Dodd-Frank. Can we blame him for this one?
Anonymous
03/12/2023 21:10
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote:How many bank failures under the other guy?
16
https://www.fdic.gov/bank/historical/bank/
You see the second row that states total assets?
Anonymous
03/12/2023 21:09
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:How many bank failures under the other guy?
Magic 8 Ball says "Ask again in 24 hours."
Anonymous
03/12/2023 21:08
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:How many bank failures under the other guy?
16
https://www.fdic.gov/bank/historical/bank/