Bank failures have started

[JWBooth]

Let it fail

Well they could do the kick the can down the road bailout like they did in ‘08, I wouldn’t support that, will have to see if regulator panic sets in again.

 

[JWBooth]

Yep. Our broke federal government can spend more borrowed money on loan with interest from China to cover the losses. Then again and again as more banks fail.

Until they can't or won't.

We are fucked now and when the shit hits the fan, we will have only Biden's illegitimate illegal stolen election and the Left to blame.

That might work if the government hadn’t been talking shit to the Chinese and threatening them militarily for the last few years.

 

[hjmick]

The 16th largest bank in the country with more expected to fail.

Perhaps you would be so kind as to provide a link to an article or oped or some other source that supports this claim? I would be very interested in reading such a piece...

 

[Mac-7]

Well they could do the kick the can down the road bailout like they did in ‘08, I wouldn’t support that, will have to see if regulator panic sets in again.

Let it fail

 

[SavannahMann]

Joe Biden's America sucks for everyone who isn't a billionaire or has the last name "Biden".

So do what Biden is asking. Put a 25% tax on Billionaires.

 

[progressive hunter]

 

[Oddball]

Brace yourselves for the slew of upcoming hand wringing and scaremongering, in order to cover for a bailout....You heard it here first.

 

[Billy_Bob]

Brace yourselves for the slew of upcoming hand wringing and scaremongering, in order to cover for a bailout....You heard it here first.

WOKE banks collapsing.... Nope.. Cant have that...

 

[Circe]

Brace yourselves for the slew of upcoming hand wringing and scaremongering, in order to cover for a bailout....You heard it here first.

Oh, yeah ---- bailout because a lot of tech companies canNOT make payroll without the loans they got from SVB and other such banks. And if that puts them all out of business ------------- problem.

I see a bailout coming. Yet another bailout.

 

[Lakhota]

Shame on Cramer! He's still dumb as a rock.

 

[frigidweirdo]

Joe Biden's America sucks for everyone who isn't a billionaire or has the last name "Biden".

You think this is about Biden?
He's only been in the presidency for two years, not enough time to do much, and he's only the president, he doesn't make laws.

 

[Missourian]

Trigger it, no, but it is certainly a canary.

I stated this exact phrase today in regards to this collapse.

 

[Missourian]

Tech CEO with at least $10M in Silicon Valley Bank: ‘Worst 18 hours of my life’

“It was pure and utter panic,” Tyrner said when asked about her state of mind after she read news reports that the bank’s stock price had plummeted.

nypost.com

 

[Missourian]

Perhaps you would be so kind as to provide a link to an article or oped or some other source that supports this claim? I would be very interested in reading such a piece...

Reading it right now...

Silicon Valley Bank meltdown sparks contagion fears: ‘We found our Enron’

Peter Thiel’s venture capital firm Founders Firm advised clients to withdraw their deposits from the bank.

nypost.com

 

[Missourian]

"Shares of Signature Bank dropped by some 4% in pre-market trading while First Republic Bank, whose stock fell 17% on Thursday, was down another 3% before the opening bell on Friday.

Shares of JPMorgan Chase, which fell 5% on Thursday, dropped another 1% in pre-market trading on Friday."

^^^^The applicable passages from the article.

 

[Missourian]

From The Hill...

"More than 93 percent of the $161 billion deposited at Silicon Valley Bank is not insured by the FDIC, according to a Bloomberg News analysis."

5 things to know about the Silicon Valley Bank collapse

Correction: This article has been updated to correct the name of the Federal Deposit Insurance Corporation. Regulators shut down Silicon Valley Bank on Friday, marking the biggest bank failure sinc…

thehill.com

westwall
EvilEyeFleegle

And just like that...POOF... it's gone.

 

[hjmick]

Reading it right now...

Silicon Valley Bank meltdown sparks contagion fears: ‘We found our Enron’

Peter Thiel’s venture capital firm Founders Firm advised clients to withdraw their deposits from the bank.

nypost.com

Yeah, I read that article. Nowhere does it say anything about other institutions being "expected" to fail.

 

[Missourian]

Yeah, I read that article. Nowhere does it say anything about other institutions being "expected" to fail.

And they aren't going to say that...for fear of exacerbating a tenuous situation or even creating a self fulfilling prophecy.

Nobody wants to be blamed for a run on the banks.

It was the incredible speed of this collapse...as noted by The Hill, it's virtually unheard of for a bank to collapse in a day.

It will shake depositors faith in the security of the banking sector as a whole.

Monday will tell the tale.

A failure on a Friday may have been fortuitous...everyone has the weekend to reassure themselves that everything is fine.

If they haven't convinced themselves by Monday...except to see more collapses.

Look for a lot of reassuring media coverage...this was an isolated incident...no worries ... nothing to see here...yada, yada, yada.

It will probably work.

 

[Synthaholic]

Norm is correct. Larry Summers wants Socialism for his rich buddies.

 

[amethyst]

300 Billion Reasons Why SVB Contagion Is Spreading To The Broader Banking System | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com