Yeap they aren't going to let this stuff collapse again. They will bail out the millionaires and billionaires if it means printing enough money to make them into quadrillionaires via inflation.
Silicon Valley Bank Shares Halted After Plunge Deepens UPDATE: The Silicon Valley Bank has been shut down by regulators
- Thread starter PatMiles
- Start date
Yeap they aren't going to let this stuff collapse again. They will bail out the millionaires and billionaires if it means printing enough money to make them into quadrillionaires via inflation.
No dummies on those boards and in those C-suites. They just are completely focused on maximizing how much money they can put into their own pockets before the ship goes down. So they take high risk bets and make a lot of money during the good times and if things go bad they get a bailout and move on to another financial institution where the cycle repeats itself...
I should know better than giving the benefit of the doubt. Taking insane risk with OPM and consequences be dammed is the ivory tower way sometimes. I do wonder if that is why their risk manager left last April.....couldn't convince the board to alter their mix and said ok not going to be here for the end? I'm sure it will come out in the end with some kind of hearings.
So when a lot more companies do a lot more downsizing and the fluffy HR jobs shrink even more, will we see more "career women" looking for saps to marry them?
Companies investing more in ESG, more in woke policies, more in gender theory, and throwing out egalitarianism. Then they crash and burn
Yea I don't like the way fiat currencies operate, but I can't run my business, life or have a retirement by bartering goats and chickens I need US Dollars.
Another component of the "Recession Matrix"...
The "Baby Mama's" will be pushing them out as fast as possible. Uncle Joe will take care of them.
We are approaching a time when "barter" will get more value than "USD's"... Every time a commodity is converted to USD's and the USD's buy another commodity there is a loss in the transaction. This is why the commodity traders are moving away from the Petrodollar.
A ship load of grain traded for a ship load of oil is a win / win deal.
i really think they jumped on the low return "guaranteed" return to solidify the bank back then
being heavy in startups/information tech, cashflow was covering mistakes
biden spent too much too fast (we all knew he was going to spend heavy but not this much), and they got caught with their pants down when interest rates jumped
you cant go back to the board and say we want to sell our "previous" strat at a 8-10% loss, so my gut says they hoped they could ride it out
mob mentality took over and they got exposed
not malicious, just a bad plan
I think there is some truth in what you are saying. BUT - this interest rate increase has been going on for some time now, they should have seen the warning signs much earlier and started taking action. This is where the issue is IMO.
Very plausible and hard to know what the actual thought process was, but good points it could have just been thinking they weren't going to see an interest rate cycle like this one. As I look at some of the other 10k of stress tested banks none of them have such horribly misallocated cash when you look at their HTM vs equity. US Bank is interesting to look at even if they had to unload their entire HTM they'd have over $40b in equity. SIVB left zero margin for error in any capacity.
Hey we all have to pick a path and follow it. I wish you well in your endeavors.
no one said they were smart lol
i think their inaction was their undoing
the one thing ive learned over the years in business...and learned the hard way more than a few times
not making a decision/ stagnation is worse than making a half-assed decision
once your moving in a direction you cant pivot, if your standing still things only get worse as you not getting new information
they sat still like a deer in headlights and got hit by the car
Israeli Banks Transferred $1 Billion Out of SVB Before Collapse
Times of Israel report confirms money was withdrawn before feds seized Silicon Valley Bank.
summit.news
hmmmmmm...
Accounts would be covered to $250K no matter what they did, bail out or not. Regular guy with >$250K in their account would be made whole. Any account with more than $250K wouldn't be screwed per se, but their deposits over $250K would then be tied to the liquidation of assets within' the bank, and then losses would be claimed and distributed through a court process, like bankruptcy. Secured lenders would get paid first, and eventually account holders would get maybe some of their money back, shareholders would be fighting just as hard for a piece of their losses back, but it could take years. If they let them burn, a bunch of businesses get fuckered. They don't get to make payroll, and ultimately end up closing, having to lay off staff. How many jobs were tied up within' that bank when you start looking downstream of just a single bank account? Bail them out and you save those jobs, prevent a wavering trust in the banking system, avoid a run on the banks, and politicians survive to another election where they will tout how fucking over the financial future of our children, and their children, was such great leadership on their part, and they are a great and worthy leader for saving us all.
We as a nation are already seemingly teetering on the edge of chaos at the moment. We're walking a razors edge, and despair and destruction on both sides of that razor. On one side is financial collapse, loss of faith in the banking industry, trillions of dollars disappear, homelessness skyrockets, high unemployment. On the other side, hyper inflation, famine, despair, the first trillionaires emerge, and pretty much all the same shittiness the other side has. Because they've spent so many years coming up with new ways to gamble money, to make money, they've come up with so many crazy ways for rich people to make money. Shorts, swaps, ETF's, REIT's, options, futures, mutual funds, CD's, ect. What happened to the old days when you could buy bonds, or stocks, investing in actual companies. Now, you have so many financial instruments to complicate everything, that we've gotten to the point where it's just stupid, and it's as though we've doused ourselves in gasoline, and we're preparing to light a match and be surprised when we burst into flames.
If capitalism, and politics, had the same constitutional separation as church and state, I think we could be in a much better position today. I'm willing to bet that the regulations on industries would be far more equitable for the people rather than the business if business wasn't allowed to mettle in government.
End rambling.
TLDR: not worth the read, it's just me rambling.
Branden
Those of us here saw this coming long ago. History repeating
In post-war Germany an American soldier could get a lot with American cigarettes, chocolate, whiskey and silk stockings. Human nature is the same everywhere and during any period of history. Technology is the only change.
In post-war Germany an American soldier could get a lot with American cigarettes, chocolate, whiskey and silk stockings. Human nature is the same everywhere and during any period of history. Technology is the only change.
Israeli Banks Transferred $1 Billion Out of SVB Before Collapse
Times of Israel report confirms money was withdrawn before feds seized Silicon Valley Bank.summit.news
hmmmmmm...
Of course they did.
Tons of countries have gone through inflationary periods and still use currency, it's not going away anytime soon.
Our monetary policy is based off printing tons of money and shoving it in the top in the hopes that enough will trickle down to keep the peasants from revolting. Of course the people at the top don't want to give up their money, and even when they completely fail at life they still get more money anyways so there's no incentive to do anything other than steal/hoard/fail over and over. Our entire Economy has become a cycle of pump-and-dump.
It’s not a theory! It happens every election cycle!
Got to point it out for the slow people, like the ones that think their vote still counts.
Silicon Valley Bank donated more than $73MILLION to Black Lives Matter
Silicon Valley Bank donated over $73 million to Black Lives Matter-related social groups in the years before it collapsed, while Signature Bank donated a total of $850,000.
Silicon Valley Bank donated more than $73MILLION to Black Lives Matter
Silicon Valley Bank donated over $73 million to Black Lives Matter-related social groups in the years before it collapsed, while Signature Bank donated a total of $850,000.www.dailymail.co.uk
Of course they did, it's run by a bunch of minorities and women, and now they will get a bailout from the Fed printing press.
I agree completely. I'm still long America and if it does all go kaput in my lifetime I'll be like that guy on the back of the TITanic and then move on to my prepared plan B.
Outstanding reads if you are so inclined on the genesis, rise and fall of the recordable economic powers in history...best 2 books I've read in maybe a decade. Whether you are a doomsday 'it's coming it's ending any day' or another camp it will be time well served.
I am curious as to how much 'oil' is needed to plant, fertilize, harvest, and transport that amount of grain. IS a 'trade' an actual deal? Tractor's gotta run, too....
Commerce has gone on since Biblical times. There were "Traders" 2,000 years and there was no USD's, no computers or satellites.
The IRS considers bartering an actual deal. Of course they want you to pay in crypto currency since it is traceable. Trading a hog for 40 gallons of diesel could be a challenge for a bean counter.
Just some thoughts.
Credit Suisse secures $54 billion lifeline as authorities rush to prevent global bank crisis
Major US banks inject $30 billion to rescue First Republic Bank
Large U.S. banks injected $30 billion in deposits into First Republic Bank on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the past week. Banking stocks globally have been battered since Silicon...
I'm seeing a bunch of twitter/reddit stuff about rushing to buy bitcoin but I'm not feeling it.
Canadian regulator takes permanent control of SVB's Canadian assets
The Office of the Superintendent of Financial Institutions (OSFI) said in a statement that it was restructuring the branch in the wake of a decision by the U.S. Federal Deposit Insurance Corporation to transfer all deposits of Silicon Valley Bank to a newly created bridge bank. "I took this...
It was Federal Reserve policy, not crypto, which was the primary culprit in the bankrupticies of Silicon Valley Bank and Signature Bank, according to Ark Investment chief Cathie Wood.
ca.finance.yahoo.com
Fed Was the ‘Culprit’ on SVB, Signature Bankruptcies, Wood Says
(Bloomberg) -- It was Federal Reserve policy, not crypto, which was the primary culprit in the bankrupticies of Silicon Valley Bank and Signature Bank, according to Ark Investment chief Cathie Wood.Most Read from BloombergCredit Suisse Reels After Top Shareholder Rules Out Raising StakeRyan...
'Gender fluid' exec named on list of Top 100 women in business
A "gender fluid" senior director at Credit Suisse has been awarded a place on a list of the Top 100 Women in Business.
www.standard.co.uk 
If the US Banking system was so strong, there would have been no need for an emergency meeting last Sunday to take American's money and prop up a failing bank system. The government can't run a 2 car parade..... much less a "banking system". More snake oil from Yellen. Prepare accordingly.
___________
WASHINGTON, March 16 (Reuters) - The U.S. banking system remains sound and Americans can feel confident that their deposits will be there when needed, U.S. Treasury Secretary Janet Yellen will tell the Senate Finance Committee on Thursday.
In remarks prepared for a budget hearing, Yellen said "decisive and forceful" actions taken this week by the U.S. government to shore up public confidence in the banking system after the collapse of Silicon Valley Bank (SIVB.O) underscored its resolve to protect depositors.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/J24G7MR2KJN75NZZY4IR7WFL2Y.jpg)
www.reuters.com
___________
WASHINGTON, March 16 (Reuters) - The U.S. banking system remains sound and Americans can feel confident that their deposits will be there when needed, U.S. Treasury Secretary Janet Yellen will tell the Senate Finance Committee on Thursday.
In remarks prepared for a budget hearing, Yellen said "decisive and forceful" actions taken this week by the U.S. government to shore up public confidence in the banking system after the collapse of Silicon Valley Bank (SIVB.O) underscored its resolve to protect depositors.
Yellen tells senators US banking system 'remains sound'
The U.S. banking system remains sound and Americans can feel confident that their deposits will be there when needed, U.S. Treasury Secretary Janet Yellen will tell the Senate Finance Committee on Thursday.
www.reuters.com Credit Suisse thrown $54 billion lifeline in rush to ward off global bank crisis
/cloudfront-us-east-2.images.arcpublishing.com/reuters/W5FH7KO34FOLDIRJGLIJSBYTUE.jpg)
Credit Suisse thrown $54 billion lifeline in rush to ward off global bank crisis
Credit Suisse said on Thursday it would borrow up to $54 billion from Switzerland's central bank to shore up liquidity and investor confidence, after a slump in its shares had intensified fears about a global banking crisis.
www.reuters.com 
Credit Suisse secures $54 billion lifeline as authorities rush to prevent global bank crisis
Major US banks inject $30 billion to rescue First Republic Bank
Large U.S. banks injected $30 billion in deposits into First Republic Bank on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the past week. Banking stocks globally have been battered since Silicon...
The republicants passed the omnibus spending bill for the last two trillion. The republicants were also all for the COVID spending.
His name is on the regime and it was done while on his term but IIRC the debt in 08 was around 8 trillion. Now it's 32 trillion. 24 trillion dollars in 15 years is on the backs of both sides.
And Newscum lobbies to save SVB. That barely hit the news
www.washingtonexaminer.com
SVB collapse: Gavin Newsom failed to disclose personal ties to bank after praising intervention
Gov. Gavin Newsom (D-CA) failed to publicly disclose his close ties with Silicon Valley Bank when praising the Biden administration's intervention.
www.washingtonexaminer.com 1000%
the repubs (non democrat by party name only) stood there and watched the train roll by and are now pointing fingers
That's been the attitude of America for the last 40 years. Spend spend spend without any regard for the future.
History has proven, at some point it becomes time to "Pay the Piper".
The health of the U.S. banking sector remains in focus as pundits weigh in and liquidity issues swirl
U.S. bank stocks fell into the red on Thursday as the fate of First Republic Bank weighed on the sector and a bailout of Credit Suisse provided no lift, with investors pondering the health of the financial system.
Efforts to reassure investors are being brushed aside, even as U.S. Treasury Secretary Janet Yellen plans to tell senators today that the U.S. banking system is on solid footing and that Americans can be confident about their deposits, according to prepared testimony for her appearance before the Senate Finance Committee.
U.S. bank stocks fell into the red on Thursday as the fate of First Republic Bank weighed on the sector and a bailout of Credit Suisse provided no lift, with investors pondering the health of the financial system.
Efforts to reassure investors are being brushed aside, even as U.S. Treasury Secretary Janet Yellen plans to tell senators today that the U.S. banking system is on solid footing and that Americans can be confident about their deposits, according to prepared testimony for her appearance before the Senate Finance Committee.
We're already paying the piper, people are just too dumb to realize it or they don't care because they already have theirs sort of thing.
There is no question one of the reasons this country is where it is right now is due to ignorance. Politicians have and continue to prey upon the stupidity of the American electorate. The frog slowly boiling in lukewarm analogy. I've got 2 plans in place and I still don't know if that will be the answer should we see Old Testament events transpire. I hate the debasement of our currency and the irresponsible leadership of America across the board, but I realize how much I can control and what I can't. A very sickening time for America and the world. I'm not sure if I know anyone in the elite crowd who can afford not to care b/c they have so much it won't matter.
Our entire political system is designed to do this. The Federal reserve provides unlimited money to the government which then spends it to make politicians and the rich even richer. There is no reason for anyone inside the system to fix the problem and anyone outside the system (the rest of us) who gets uppity goes to jail or is killed. This charade will go on until the whole house of cards collapses and then a new batch of bastards will take over and the cycle will restart.
The worst part of this whole problem is we all can see it happening but are powerless to do anything about it.