Wow!
www.dailymail.co.uk
News Headlines | Today's UK & World News | Daily Mail Online
All the latest breaking UK and world news with in-depth comment and analysis, pictures and videos from MailOnline and the Daily Mail.
Silicon Valley Bank Shares Halted After Plunge Deepens UPDATE: The Silicon Valley Bank has been shut down by regulators
- Thread starter PatMiles
- Start date
Liberals blame Trump for Silicon Valley Bank collapse citing 2018 bipartisan bill
Liberals took to social media to place blame on former President Trump after FDIC regulators shut down Silicon Valley Bank on Friday after it lost $2 billion.
www.foxbusiness.com See....Trumps fault. <eyeroll>
Branden
Just don’t you dare talk about the people behind the pattern lol
How Silvergate’s Crypto Collapse Differed From Silicon Valley Bank’s: No Bailout
A deep dive into regulatory filings shows how Silvergate Bank's collapse was, in a strange way, the ideal scenario for a failing institution. Sure, shareholders got wiped out, but depositors are made whole and the Federal Deposit Insurance Corp. isn't putting in a dime.
While Silicon Valley Bank collapsed, top executive pushed ‘woke’ programs
“These banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is, shareholder returns,” Marcu…
nypost.com 
Customers line up outside First Republic Bank to take their money out
On Saturday, dozens of customers were shown lining up outside of a First Republic Bank in southern California, eager to withdraw their funds in the wake of the collapse of SVB this week.
Not of shareholders, at least. If we force depositors to take haircuts, then things get ugly. But that would be deflationary and I'm all about fighting inflation.
no way billionaires should be made whole on their deposits. 250k is the limit, make smarter decisions with your money. How are you going to sell to make whole Oprah, rich VCs etc?
I'm deeply concerned by the hundreds of small & medium businesses who stand to get screwed because they lack effective options to carry the sort of cash balances required to engage in normal business. If a business got paid on Thursday and was going to make payroll on next Tuesday, that's not a situation that should be punished.
I might be talked into giving someone like Oprah (who supposedly had over $500 mil deposited) a haircut because being stupid should be painful.
Either way, put the shareholders at the back of the line. They get zeroed if any depositor so much as loses a penny. I know that creates the potential for a rout in bank stocks (and maybe the market as a whole), but I'm OK with that. Investing in stocks is not without risk, and forgetting that is one reason we keep blowing these bubbles.
Most of their deposits were small tech firms. And depending on how they are organized… may have 250k insurance. Or may have nothing. FDIC I *thought* was for individual depositors. Not corporate accounts.
But if a lot of tech companies had their VC under and operating capital and revenue at SVB… there could be hundreds of small tech implosions in the next few weeks.
Well, they put their money in a woke powerhouse. And most of their employees were probably not only fine with that… but demanded it.
Stupid is costly.
Fortunately? 90 percent startups or more were probably not going to make it anyway. Law of tech. And 98 percent of them are doing stuff so arcane that it does not affect the underpinnings of an economy. Yet.
This should be a wake up that Woke hiring and investing is a total non starter. And shareholders should demand competent management not feelings and hugging trees and polar bears. Do that touchy feely shit on your own time with your own money.
Sirhr
Last edited:
Assuming that Biden has to go on primetime TV tonight, his pharmacist is going to have a busier than usual Sunday.
I'm waiting for Schumer to suggest SIVB be renamed Kyiv Freedom Bank and crying on TV to 'save Ukraine'. Think about the Democrat donor money tied up in these VC/crypto led bank failures.
Sorry missed the previous post with this info.
Saving donor money .........3.2.1 go
''Take Janet Yellen, who said on Sunday morning that the US government was working closely with banking regulators to help depositors at Silicon Valley Bank but dismissed the idea of a bailout.
Speaking with CBS on Sunday, the treasury secretary sought to assure US customers of the failed tech lender that policies were being discussed to stem the fallout from the sudden collapse this week. The Federal Deposit Insurance Corporate (FDIC) took control of the bank on Friday morning.''
Last edited:
Dodd Frank bill made sure that we won't be bailing out the banks. Instead the banks can now bail in and take your deposits and issue you an IOU. The FDIC only has enough funds to cover 1.25% of the deposits so if your counting on getting your $250,000 coverage you better think twice.
Unfortunately, that’s exactly the way the market works. People get screwed all the time. Close a Biz, file bankruptcy, open same biz under a different name the next day and all is good. It’s fucked up. No repercussions to anyone except the stockholders get screwed.
Curious where you guys would park $500 mil.
Biden Admin Makes Major Announcement After Silicon Valley Bank Collapse
Treasury Secretary Janet Yellen announced Sunday that the federal government wouldn't bail out the now-collapsed Silicon Valley Bank ...
www.theepochtimes.com 
Taking Stakeholder Capitalism and "go woke, go broke" to its sad but logical conclusion. Add in the expected C-Suite level corruption- their own personal "bailout" program. Sounds like it is "all according to plan."Wow!
News Headlines | Today's UK & World News | Daily Mail Online
All the latest breaking UK and world news with in-depth comment and analysis, pictures and videos from MailOnline and the Daily Mail.
Next domino
Fears Silicon Valley Bank collapse could hit First Republic Bank
First Republic Bank, the the 16th largest in the US, saw its shares plummet 50 percent on Friday. The concern was due to the collapse of similarly-positioned Silicon Valley Bank.
Insider summary at bottom:
Michael Roffler Net Worth (2024) – wallmine.com
Michael J. Roffler serves as Executive Vice President and Chief Financial Officer of the Company. Mr. Roffler joined First Republic in 2009 as Deputy Chief F...wallmine.com
List of Top 50 Banks in the United States
www.advratings.com
If this goes as usual, the collapse will continue until the top 5 are threatened, then the bailout will arrive, and everyone from Goldman on up will buy the smaller fish for pennies on the dollar.
Why Goldman? The revolving door and campaign contributions from G-S are massive.
Goldman Sachs Profile: Summary
Goldman Sachs organization profile. Contributions in the 2022 cycle: $3,351,512. Lobbying in 2021: $2,360,000. Outside Spending in the 2022 cycle: $0.www.opensecrets.org
Donor Lookup
The revolving door always spins for Goldman Sachs — by design
For many, the ties between investment bank Goldman Sachs and the government (particularly the Trump Administration) is very worrisome.
Of course that was 2017, in 2020, G-S joined the Biden Team:
Goldman Sachs vets quietly added to Biden transition
www.politico.com
Goldman Sachs gets its people into every administration. Not just Trump. Obama had the biggest number in recent history and had Hillary won she was poised to have the most. Both Bushes had them too.
With that kind of money your not in danger because it's not going to be sitting in cash. It'll be in bonds or equities which shouldn't be affected by bank/broker failures.
So the corrupt fuckers are bailing out Ukrainian pension funds with US tax dollars but you don't think they'll bail out their tech startup donors and buddies? Lol
They stole an election and laughed. They are still laughing.
They stole an election and laughed. They are still laughing.
It will be interesting to see if the politicians are willing to take the heat for declaring a bail in or if they come up with some sneaky way of bailing out their banking friends without the political and economic costs what will come with a bail in.
SVB workers were paid BONUSES just hours before bank collapsed
The federal government will not bailout Silicon Valley Bank, despite fears of a market meltdown, Treasury Secretary Janet Yellen announced Sunday.
OH NO - More Silicon Valley Bank Fallout - Goldman Sachs Backed CIRCLE's Stable Coin 'USDC' No Longer Pegged to Dollar - Conversion to Dollars Halted | The Gateway Pundit | by Joe Hoft
CIRCLE crypto company is under additional duress. Currently, trading of its stablecoin ‘USDC’ has been suspended till at least Monday and the coin is no longer pegged to the dollar. On Saturday it was reported that crypto company CIRCLE was at risk from the Silicon Valley Bank failure because...
www.thegatewaypundit.com OH NO - More Silicon Valley Bank Fallout - Goldman Sachs Backed CIRCLE's Stable Coin 'USDC' No Longer Pegged to Dollar - Conversion to Dollars Halted | The Gateway Pundit | by Joe Hoft
CIRCLE crypto company is under additional duress. Currently, trading of its stablecoin ‘USDC’ has been suspended till at least Monday and the coin is no longer pegged to the dollar. On Saturday it was reported that crypto company CIRCLE was at risk from the Silicon Valley Bank failure because...
Always interesting to see activity immediately preceding an "event"
USD Coin price today, USDC to USD live price, marketcap and chart | CoinMarketCap
The live USD Coin price today is $1.00 USD with a 24-hour trading volume of $1,388,051,007.55 USD. We update our USDC to USD price in real-time.
coinmarketcap.com DC saying "no bailout" means there will be a bailout. Eventually.
They already claiming they are going to. Then again that was just a blip on the news and you know how trustworthy that is.Always interesting to see activity immediately preceding an "event"
USD Coin price today, USDC to USD live price, marketcap and chart | CoinMarketCap
The live USD Coin price today is $1.00 USD with a 24-hour trading volume of $1,388,051,007.55 USD. We update our USDC to USD price in real-time.
DC saying "no bailout" means there will be a bailout. Eventually.
Last edited:
not me, their clientele voted for Biden and elections have consequences. They did business with a woke institution, let them suffer. ZERO FKS GIVEN
At least someone has a modicum of a brain! Even tho the fact many wanted to tells me this is indicative of a larger issue and that they are trying to suppress public panic.
You know how much sone small businesses have in the bank at certain times. ?
Especially those who sell seasonally.
Go work more. Don’t be jealous
They are trying, but I suspect this week will have plenty of fantastic buying opportunities I'm ready to go shopping. Ackman is already vying for Hell is Coming 2.0 speech time. One thing is for sure volatility is the norm now.
Yeah well I’m not a fan. I had insane returns in 2020-21, all wiped out and then some now. Obviously, I’m not selling at a loss so...it’s either buy more or let it ride. But if we are looking at a repeat of the 20’s then nothing matters anyways.
Demorats donors unsecured deposits will be bailed out , Yellen already turned the plate 180° 
Officials at the Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation discussed the idea this weekend, the people said, with only hours to go before financial markets opened in Asia. White House officials have also studied the idea, per two separate people familiar with those discussions. The plan would be among the potential policy responses if the government is unable to find a buyer for the failed bank.
Demorat donors pettion ...
''Meanwhile, more than 3,500 CEOs and founders representing some 220,000 workers signed a petition started by Y Combinator appealing directly to Yellen and others to backstop depositors, warning that more than 100,000 jobs could be at risk.''
Regulators Weighing Bailout Of All Unsecured SVB Depositors To Prevent "Banking Panic"
3:00pm ET Update: In a reversal of what Janet Yellen said just hours ago, WaPo reports that federal authorities are "seriously considering safeguarding all uninsured deposits at Silicon Valley Bank" - and by extension any other bank on the verge of failure - and are weighing an extraordinary intervention to prevent what they fear would be a panic in the U.S. financial system.Officials at the Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation discussed the idea this weekend, the people said, with only hours to go before financial markets opened in Asia. White House officials have also studied the idea, per two separate people familiar with those discussions. The plan would be among the potential policy responses if the government is unable to find a buyer for the failed bank.
Demorat donors pettion ...
''Meanwhile, more than 3,500 CEOs and founders representing some 220,000 workers signed a petition started by Y Combinator appealing directly to Yellen and others to backstop depositors, warning that more than 100,000 jobs could be at risk.''
Last edited:
Yep. That’s what I seen.Demorats donors unsecured deposits will be bailed out , Yellen already turned the plate 180°
Regulators Weighing Bailout Of All Unsecured SVB Depositors To Prevent "Banking Panic"
3:00pm ET Update: In a reversal of what Janet Yellen said just hours ago, WaPo reports that federal authorities are "seriously considering safeguarding all uninsured deposits at Silicon Valley Bank" - and by extension any other bank on the verge of failure - and are weighing an extraordinary intervention to prevent what they fear would be a panic in the U.S. financial system.
Officials at the Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation discussed the idea this weekend, the people said, with only hours to go before financial markets opened in Asia. White House officials have also studied the idea, per two separate people familiar with those discussions. The plan would be among the potential policy responses if the government is unable to find a buyer for the failed bank.
Growth and tech are in for several years of rough times. I keep scratching my head when I hear the bobbleheads say 'the market' is expensive. Well sure the S&P500 is selling around 19x. Take out the big 6 and it's ~12x. There are plenty of great companies with healthy balance sheets and great runway. So much of the index/etf passively eating the big 6 turds and dragging down performance....not a fan of heavily cap weighted indexing. Heck if those big boys get enough of a hair cut this year they may even attract a boring dividend value investor like this old fart
Last edited:
Ask and you shall receive…
Mattress opinions
Been going through a tough stretch the last 6 months dating from back surgery in '88. I was shocked to come to the realization my mattress is 19 years old after some Q & A with neurosurgeon and PT. Yikes. Apparently mattress tech has come a long way and as I read up on them it's amazing...
www.snipershide.com Trailing stops are your friend.
Which is predominately what I’m in.
Doesn't mean it's going to be there forever.....just a tough patch ahead. Anyone not profitable b/f this rate cycle is going to be a longer duration waiting game.
Problem is, we ain’t getting any younger. I still got a good 20 years before retirement but if we had this situation 20 years from now I’d be screwed. Well me and the wife will have pensions, allegedly, but I don’t bet on that anymore than the market.