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

[TinkerTanker]

 

[conditionzero]

Do you mean was or went?

Woody

Haha!! True!

 

[ConstitutionCowboy]

I lost all my money when my wallet fell out of my pocket while boating.

It's funny when one's entire net worth can be kept in a pocket!

Woody

 

[GC7]

These banks are failing because their cash cow is drying up. The Fed is falling behind on the money printing.

Banks used to survive on deposits from people. The banks would then loan out the money and charge interest and pay a portion of that to the depositors. Banks also invested in the market and earned dividends that in turn was "shared" with depositors.

Now they mostly run on money funneled to them by the Fed and they use that money to invest in the market. Seems to me that very little is loaned out to business and Joe mortgage seeker.

Your view might be different, but that is how I see it.

Then, too, one has to wonder what SVB did with all the deposits it received from those tech companies. Where is it? Where did it go? Someone has it. Money doesn't just disappear. Real money, that is!

It's 10:14 AM right now. Do you know where your money is?

Woody

You are correct, but to add onto it - The entire system relies on fractional reserve banking so there is not a 1:1 ratio between loans issued and dollars held. Banks are doing plenty of loans to whoever can qualify, but the basis of the loans is not fully backed by real dollars.

It's one of those things where, if you think about it a lot, you realize there's no real point in living on this planet because it's all fake and stupid. You literally cannot escape it.

 

[TinkerTanker]

"If SVB fails, America fails!" (The Post is being funneled information from Biden officials, as usual)

Federal regulators are considering safeguarding all uninsured deposits at Silicon Valley Bank to secure the U.S. financial system​

https://www.washingtonpost.com/us-policy/2023/03/12/silicon-valley-bank-deposits/?location=alert

 

[ttown]

We’ll see, here’s Bill Ackmans solution. He believes bank runs start tomorrow, they have just a few hours left until Asia opens. Overseas is seeing bank runs as well.

 

[CHenry]

The SP 500 is down some (9.5% interest for the year so far) and I just maxed out my ROTH for the year at a discount. Stocks are on sale!

 

[GC7]

We’ll see, here’s Bill Ackmans solution. He believes bank runs start tomorrow, they have just a few hours left until Asia opens. Overseas is seeing bank runs as well.

The constant "the world is about to end!" predictions are exhausting.

 

[ttown]

The USD as the world currency is about to end. For those not prepared the world will seem to end. The Brits are still here.

Im sick or those claiming everyone that disagree claim were saying “ the world is about to end”, this has been a slow curveball, it’s been extended through zero interest. This is the 3rd and last time fiat USD will be a major player.

 

[TinkerTanker]

Number two just went.

Regulators close New York's Signature Bank, citing systemic risk


https://link.cnbc.com/click/3081321...a2luZ25ld3M/5f68391f8ab5aa2d9280281cCb52ffa4e