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The Water Cooler
General Discussion
SVB guess I’ll post a thread since no one else has I can see
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<blockquote data-quote="ttown" data-source="post: 3987922" data-attributes="member: 2114"><p>Guys heads up, I’ve been waiting all day for someone to post this, this may be a moment much worse than Lehman.</p><p></p><p>Your going to hear a ton of new info this weekend, do some research and post</p><p></p><p>[URL unfurl="true"]https://www.cnbc.com/2023/03/10/roku-says-26percent-cash-reserves-stuck-in-silicon-valley-bank.html[/URL]</p><p>[URL unfurl="true"]https://www.cnbc.com/2023/03/10/silicon-valley-bank-collapse-how-it-happened.html[/URL]</p><p></p><p>[MEDIA=twitter]1634246217226919937[/MEDIA]</p><p></p><p></p><p>- CEO,CFO, and CMO sold over 400 million in stock the last two weeks </p><p> - ROKU has 500 million they’ll lose</p><p>- 5 other banks stopped stock trading</p><p>- Eric Stawell says the 250k limit must be exceeded, seems China has major money in SVB</p><p>- Many processors go though this bank and checks are bouncing, as well as vendor’s not being paid</p><p>- Typically these events happen on Friday but at the end of day, they couldn’t wait they took receiver ship early morning.</p></blockquote><p></p>
[QUOTE="ttown, post: 3987922, member: 2114"] 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 [URL unfurl="true"]https://www.cnbc.com/2023/03/10/roku-says-26percent-cash-reserves-stuck-in-silicon-valley-bank.html[/URL] [URL unfurl="true"]https://www.cnbc.com/2023/03/10/silicon-valley-bank-collapse-how-it-happened.html[/URL] [MEDIA=twitter]1634246217226919937[/MEDIA] - 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. [/QUOTE]
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The Water Cooler
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SVB guess I’ll post a thread since no one else has I can see
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