SVB guess I’ll post a thread since no one else has I can see

[ttown]

Guys heads up, I’ve been waiting all day for someone to post this, this may be a moment much worse than Lehman.

Your going to hear a ton of new info this weekend, do some research and post

https://www.cnbc.com/2023/03/10/roku-says-26percent-cash-reserves-stuck-in-silicon-valley-bank.htmlhttps://www.cnbc.com/2023/03/10/silicon-valley-bank-collapse-how-it-happened.html



- CEO,CFO, and CMO sold over 400 million in stock the last two weeks
- ROKU has 500 million they’ll lose
- 5 other banks stopped stock trading
- Eric Stawell says the 250k limit must be exceeded, seems China has major money in SVB
- Many processors go though this bank and checks are bouncing, as well as vendor’s not being paid
- Typically these events happen on Friday but at the end of day, they couldn’t wait they took receiver ship early morning.

 

[dennishoddy]

FDIC is in charge of protecting the assets currently.

 

[ttown]

Up to $250k you kidding me. The FDIC has 1% of all deposits.
This is a major Silicon Valley tech startup bank

95% of the deposits were uninsured

https://www.cnbc.com/2023/03/10/sil...omers-scramble-to-meet-payroll-pay-bills.html
Silvergate capital is in trouble as well

https://markets.businessinsider.com...nk-silvergate-capital-shock-waves-2023-3?op=1
https://www.cnbc.com/2023/03/08/silvergate-shutting-down-operations-and-liquidating-bank.html

 

[TinkerTanker]

"Oh no, all the banks are not doing well! We'll have to step in and rescue them with our new digital currency!"

Never let a crisis go to waste.

 

[ttown]

You know this is going to happen, they’ll pick up the good assets just like Lehman and leave the bad assets to the US taxpayers

https://www.breitbart.com/politics/2023/03/10/report-silicon-valley-bank-trying-find-buyer-weekend/
https://www.breitbart.com/politics/...ion-of-stock-two-weeks-before-bank-collapsed/
Heres Hal Turner’s website he has some good info and an great summary tonight. He’s affected as well since his processor goes though SVB

https://halturnerradioshow.com/index.php/en

 

[JEVapa]

This thing is a train wreck...wait, a derailment! RAV or Newsmaz, can't recall, had a chyron rolling by saying they had closed today.
Haven't bothered to follow up tho.

 

[dennishoddy]

I used to follow Jim Cramer and double check his advice.
He buys in low, says it’s a great buy, then bails before the collapse. T Boone Pickens type operator.
Hopefully his career is over.

https://www.foxnews.com/media/cnbcs...silicon-valley-bank-weeks-disastrous-collapse

 

[Snattlerake]

Ooooopsies!

 

[KOPBET]

Hopefully you shorted their stock.

 

[ttown]

https://discernreport.com/wells-far...bsolutely-massive-nationwide-computer-glitch/
multiple sourced

Crypto USD coin has 3.4 billion dollars in SVB