And just like that….SVB is bailed out

[g5000]

Ok, so everyone who had money in SVB gets their money...

Not everyone. Shareholders lose. Unsecured debt holders lose.

 

[occupied]

'Progressive attitude'?

I posted several links where experts specifically spelled out how the 'woke bank' mismanged assets and helped cause the collapse, as well as interest rates being raised 7 times by tbe Fed, greatly contributing to the collapse.


SVB Execs selling their shares and giving out bonuses just before the bank tanked is reported fact.

It's what they all do. Is it illegal or even actionable? Who the hell knows anymore? There is barely any such thing as white collar crime anymore because it's practically impossible to really punish the rich and connected.

 

[g5000]

It seems some large depositors pulled out their money and sparked a run on the bank. Why this happened is yet to be determined.

They could see the writing on the wall.

 

[easyt65]

....asked if the govt had reached out to FB & Twitter to monitor (and silence) 'misinformation' (... to prevent a panic)...

 

[RhodyPatriot]

Jim Cramer is hosting CNBC special tonight, entitled "America’s Banking Crisis."

Now I'm really worried

You're kinda the Jim Cramer of US Message Board.

 

[easyt65]

It's what they all do. Is it illegal or even actionable? Who the hell knows anymore? There is barely any such thing as white collar crime anymore because it's practically impossible to really punish the rich and connected.

My point is I have no 'progressive attitude'. I posted facts. Facts aren't part of a 'prgressive attitude'.

 

[easyt65]

You're kinda the Jim Cramer of US Message Board.

Cramer should never be able to get another job on TV talking about anything financial again.

 

[RhodyPatriot]

Cramer should never be able to get another job on TV talking about anything financial again.

Right. And neither should BasqueBromance.

That's exactly what I'm sayin'!

 

[pknopp]

You've got it. The catch is, they BETTER be right about what they make up. The huge money giveaway during Covid was inflationary and a big mistake that certainly caused these bank failures now, because of the pressure the Fed put on their holdings when they had to stop runaway inflation caused by the big giveaways.

I hope they do better this week.

The big giveaways have been happening for years and extended well beyond Covid.

 

[basquebromance]

You're kinda the Jim Cramer of US Message Board.

i have a full head of hair, though!

 

[occupied]

They could see the writing on the wall.

Bank runs will destroy any bank. The theory that this was an orchestrated act by hostile business interests cannot be discounted.

 

[pknopp]

Nope. SVB is out of business. Gone. Kaput.

You people really need to pull your heads out of your asses.

All of their bad loans go where? All those businesses are kaput also?

 

[basquebromance]

They give money to Silicon Valley Bank. They give money to Ukraine. But no money for East Palestine.

 

[basquebromance]

 

[basquebromance]

 

[basquebromance]

Hard truth. We need to come to terms with printing trillions of dollars, pushing ESG wokeness, and writing blank checks to Zelensky. Not sustainable.

 

[g5000]

All of their bad loans go where? All those businesses are kaput also?

Roku has lost about 25 percent of their cash due to SVB's collapse. They had half a billion dollars in unsecured deposits at SVB.

 

[g5000]

Roku says it could lose 25 percent of its cash after Silicon Valley Bank fails | Engadget

The sudden collapse of Silicon Valley Bank has put more than a quarter of Roku’s cash at risk..

www.engadget.com

 

[RhodyPatriot]

i have a full head of hair, though!

No one wants to hear about your pubes, bro.

 

[g5000]

Hard truth. We need to come to terms with printing trillions of dollars, pushing ESG wokeness, and writing blank checks to Zelensky. Not sustainable.

Only ZIRP is connected to SVB's collapse. The rest is histrionics.