Silicon Valley Bank Collapse

[timer]

FDIC insures bank balances up to $250,000. I read that the majority of depositors at SVB had balances of much higher than $250K.

They are scr***d.

I hope that the Pelosi, Harris and Newsome families had money on deposit there.

 

[WildmanWilson]

This is all designed to bring you CBDC in order that you become their obedient serf.

They will try to create national panic. And probably try to crash the Dow.

See? We must institute the CBDC in order to save you (from what we designed and implemented).

I know people don’t like hearing this but this falls in line with the biblical mark of the beast. It’s all playing out right before our eyes. If you don’t take the mark you will be shut out and be made to suffer.

 

[grinder]

This is all designed to bring you CBDC in order that you become their obedient serf.

They will try to create national panic. And probably try to crash the Dow.

See? We must institute the CBDC in order to save you (from what we designed and implemented).

CBDC ?

 

[WildmanWilson]

CBDC ?

central bank digital currency

 

[120+]

FDIC insures bank balances up to $250,000. I read that the majority of depositors at SVB had balances of much higher than $250K.

They are scr***d.

I hope that the Pelosi, Harris and Newsome families had money on deposit there.

NEVER put more money in a bank than the FDIC will insure. That's a given.

 

[WildmanWilson]

NEVER put more money in a bank than the FDIC will insure. That's a given.

Luckily I don’t have that problem….

 

[Regulator623]

Tomorrow is shaping up for a firesale on Wall Street, especially banking stocks.

 

[120+]

Luckily I don’t have that problem….

Me either. Can't imagine having that much cash.

 

[grouseguy]

NEVER put more money in a bank than the FDIC will insure. That's a given.

That’s really not a problem for individual or joint personal accounts, but large corporate accounts are another matter. They may regularly have over that amount just to fund normal payroll.

There’s really no reason to make more of this than necessary. This bank specialized in Silicon Valley startups, which by their very nature have more risk than normal. They also overly exposed themselves to excessive interest rate risk by matching short term deposits against long term investments at unheard of low rates. Once the Fed started raising short term rates they found themselves in a negative interest rate spread, which quickly ate up their capital.

Overly simplified, they lent to a mostly single sector, which didn’t provide diversity protections and made bad investment decisions. In hindsight, it was a poor business model

 

[drakeshooter]

I expect some runs on banks tomorrow morning.

PS, I don’t take financial advice from proven retards regardless of what field they’re supposedly in.

 

[drakeshooter]

“There’s really no reason to make more of this than necessary.” Lol

https://twitter.com/i/web/status/1634623141434515458

 

[grouseguy]

Like I said … a poor business model and mismanagement.

 

[EdLongshanks]

Hard to believe this guy promoting this bank on his show. He's lost all credibility.
CNBC's Jim Cramer eviscerated for touting Silicon Valley Bank weeks before disastrous collapse

CNBC's Jim Cramer eviscerated for touting Silicon Valley Bank weeks before disastrous collapse

Jim Cramer touted the potential of SVB Financial back in February. His words did not age well, and he has been skewered on social media by major accounts.

www.foxnews.com

That guy was discredited a long time ago. He’s a punchline.

 

[timer]

FDIC insures bank balances up to $250,000. I read that the majority of depositors at SVB had balances of much higher than $250K.

They are scr***d.

I hope that the Pelosi, Harris and Newsome families had money on deposit there.

I guess the Pelosis, Harris and Newsomes did have money in the bank....

All Silicon Valley Bank customers' funds guaranteed, U.S. government says

The heads of three federal agencies said Silicon Valley Bank customers would be fully protected after the lender's failure, adding that taxpayers would not bear the costs.

www.yahoo.com

 

[cedar creek]

Do you all think it will spread local level banks?