Anonymous
03/15/2023 18:59
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Just print money, that solves it…smh we never learn. We literally talked about this and now going down the same rabbit hole. Fed pause? Fed cut? Are you guys high on something? Please do everyone a favor and watch: https://www.pbs.org/video/age-of-easy-money-osu8cj/
This is all caused by too loose condition. 11 months of tightening and everyone is freaking out..this needs to happen to reset and get back to reality! Family of 4 at McDonald’s is around $40 now. Wrap your mind on that. We need a reset like it or not. If it doesn’t happen soon, when it does it will put 08 to shame.
Real wage increases?!? We can't have that. Must raise the interest rate to put the kibosh on wage increases!
- Powell
Anonymous
03/15/2023 18:57
Subject: SVB Bank Run: Fed Calling Emergency Meeting
Just print money, that solves it…smh we never learn. We literally talked about this and now going down the same rabbit hole. Fed pause? Fed cut? Are you guys high on something? Please do everyone a favor and watch: https://www.pbs.org/video/age-of-easy-money-osu8cj/
This is all caused by too loose condition. 11 months of tightening and everyone is freaking out..this needs to happen to reset and get back to reality! Family of 4 at McDonald’s is around $40 now. Wrap your mind on that. We need a reset like it or not. If it doesn’t happen soon, when it does it will put 08 to shame.
This is all caused by too loose condition. 11 months of tightening and everyone is freaking out..this needs to happen to reset and get back to reality! Family of 4 at McDonald’s is around $40 now. Wrap your mind on that. We need a reset like it or not. If it doesn’t happen soon, when it does it will put 08 to shame.
Anonymous
Anonymous
03/15/2023 04:44
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Newsom's wine companies CADE, PlumpJack, and Odette were SVB clients.
That's public information. Stop rationalizing what can't be.
This bailout stnks to high heaven and every banker can be risky with deposits now and will be bailed out by tax payers with this precedent as things go sideways.
Meanwhile, they want to keep track of transactions greater than $600 to "get" the rich. You can see where all this is going.
Stop covering for it.
That's public information. Stop rationalizing what can't be.
This bailout stnks to high heaven and every banker can be risky with deposits now and will be bailed out by tax payers with this precedent as things go sideways.
Meanwhile, they want to keep track of transactions greater than $600 to "get" the rich. You can see where all this is going.
Stop covering for it.
Anonymous
03/15/2023 04:29
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:
Seriously what? This is what the article is based on - one anonymous source who USED TO HANDLE Newsom's finances but has no idea of the present situation.
But you know who else doesn't know? Gavin Newsom, because his money has been held in a blind trust since 2018. You know, the way NORMAL politicians do it.
Source? I don't believe banking relationships are in blind trusts for politicians usually -- isn’t that usually an investment concept?
Anonymous
03/15/2023 00:21
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Seriously what? This is what the article is based on - one anonymous source who USED TO HANDLE Newsom's finances but has no idea of the present situation.
But you know who else doesn't know? Gavin Newsom, because his money has been held in a blind trust since 2018. You know, the way NORMAL politicians do it.
Anonymous
Anonymous
03/14/2023 21:58
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
So all these companies and Rick people who selected this bank to put gobs of cash into. Where are they ducking all that cash now? I'm not seeing Wells Fargo get their business you know? And all these rich smart cutting edge people - why would they pick such a badly run place to put such gobs of money? Human nature is great. As smart as some people are, they are just as dumb!
We gotta nite today from one of our vendors urgently requesting we stop our payments to they service since their bank is gone. My question is when can they get their money from us cause they def didn't tell us where to pay them moving forward!
We gotta nite today from one of our vendors urgently requesting we stop our payments to they service since their bank is gone. My question is when can they get their money from us cause they def didn't tell us where to pay them moving forward!
Anonymous
03/14/2023 21:09
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Moody's cuts outlook on U.S. banking system to negative, citing 'rapidly deteriorating operating environment'. - CNBC
Didn’t they rate SVB bonds as A1 in Jan 😄
Anonymous
03/14/2023 19:56
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Moody's cuts outlook on U.S. banking system to negative, citing 'rapidly deteriorating operating environment'. - CNBC
Anonymous
03/14/2023 17:12
Subject: SVB Bank Run: Fed Calling Emergency Meeting
I wonder why no one is calling out the Chinese interests in SVB, but rather blaming wokeness and ESG?
Anonymous
Anonymous
03/14/2023 14:15
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote:Anonymous wrote:More banks than SVB are failing
* FIRST REPUBLIC BANK HALTED FOR VOLATILITY, DOWN 65%
* PACWEST HALTED FOR VOLATILITY; DROPPED 41% TO LOWEST ON RECORD
* REGIONS HALTED FOR VOLATILITY AFTER PARING 31% DROP TO 20%
* WESTERN ALLIANCE SINKS A RECORD 76%; HALTED FOR VOLATILITY
Bad management didn’t just happen at SVB. After a loooooooong period of ZIRP, the financial savy at many banks had been completely marginalized and lazy management has reigned. A balance sheet full of long maturity assets, even high-quality ones, basically guarantees pain when rates eventually rise.
Yep there’s “systemic” problems. Also saw headlines that credit card delinquency is up. And layoffs announced in tech. Ships going down.
Anonymous
03/14/2023 13:48
Subject: Re:SVB Bank Run: Fed Calling Emergency Meeting
Anonymous wrote:Anonymous wrote:More banks than SVB are failing
* FIRST REPUBLIC BANK HALTED FOR VOLATILITY, DOWN 65%
* PACWEST HALTED FOR VOLATILITY; DROPPED 41% TO LOWEST ON RECORD
* REGIONS HALTED FOR VOLATILITY AFTER PARING 31% DROP TO 20%
* WESTERN ALLIANCE SINKS A RECORD 76%; HALTED FOR VOLATILITY
Bad management didn’t just happen at SVB. After a loooooooong period of ZIRP, the financial savy at many banks had been completely marginalized and lazy management has reigned. A balance sheet full of long maturity assets, even high-quality ones, basically guarantees pain when rates eventually rise.