The first Bank FORCLOSURE of 2023 (150,000,000.00 uninsured deposits).
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Customer:
Here's my life savings, what returns can I expect?
Bank:
None
Here's my life savings, what returns can I expect?
Bank:
None
Silicon valley bull crap tekky bank. Facebook stocks must be suffering.
I recommend a gangster or cartel bank. They tend to last longer than "rainbow nouvous inc"
In fact anything nouvous i would get away from now. It looks like its getting time for the whales to eat them all up (thank God! Finally!)
A short list of ramifications of the closure of this institution. (WARNING the "F"-word appears in the article (TWICE).
"Expect Mass Layoffs..." - The Real-World Impact Of SVB's Failure | ZeroHedge
"Expect Mass Layoffs..." - The Real-World Impact Of SVB's Failure | ZeroHedge
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2,336 Posts
Problem isn't with Oprah but with retirement funds that may be invested with this batch of bozos. How would you feel if your 401k went from a million to ten dollars over night
These are people who made that "retirement" on net porn, facebook, amazon, "bankman fried" and all the other monopolizing and business/society crippling features and enforced information control, propaganda and are democrats full on. This was what was going to happen to them all along - EXCEPT that the demoncrats are now proclaiming that whats left of your money should cover these evil creatures losses instead. So your feelings seem kind of misplaced to me to say the least. It's what was for them all along. They chose poor-ly.
If you want to feel sorry for someone, I'd think it would be the "401ks" that will be skinned off sub-millionaires to replace these rats nasty on-paper devil money for real cash?
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You misunderstand I'm One with money in a 401k
Yellen claimed there will be no bail out of svb bank....so if the govt doesn't give it to them, they steal it from people.
If I had money in any bank id be watching.....but it appears this might be the woke money and nouvous.
Other banks may get stronger from killing this rotten globy one?
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You sometimes are a little more than dense. Those of us that have no choice but to contribute to IRA's and 401K's don't get to chose which banks these funds invest in especially with the GOVT dictating how the new woke adgenda will be used in making investments. Gone are the days of ensuring that you bank get's the most return for each dollar invested.
Well that was easy and convenient, but risky and you could have managed a portfolio? 401k wasn't always a thing and any time you hand over your cash, its a risk.
Im not saying you should lose, but like it or not, you gave that power to joos and im sorry about your loss....if it even occurs?
these 2 israeli j banks could have been founded without actual monetary funding.
their orchestrated crash is another free money scam for the grifting parasitic joo AT YOUR EXPENSE. IF it even ends up affecting you.
Again, i am sorry if it does get you....i heard you the first time.
If I bought dope and lost the money, youd say "Duh? Pig" and thats how i feel about israel, joos and libtards that used these banks as instruments of fraud.
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Well if you want to bring the USA to it's knees, have every idiot withdraw their money from the banks out of foolish fear and watch the banks belly-up one by one like a stack of dominos.
Reminds me of the Robert Redford movie "Sneakers"
You can fail a banking system just by fearing the public. Fear sets in, everyone withdraws their money fearing that it isn't safe, despite being FDIC insured, and viola. watch as our economy plumets to the ground. Look at Twitter, perception becomes the reality.
Plz, for the sake of humanity, do not fall prey to this "Failing Banks" propaganda. Bank failed due to lack of regulatory interventions due to a recent bill years ago.
BTW, that Oprah bit put a smile to my face, ty.
Reminds me of the Robert Redford movie "Sneakers"
You can fail a banking system just by fearing the public. Fear sets in, everyone withdraws their money fearing that it isn't safe, despite being FDIC insured, and viola. watch as our economy plumets to the ground. Look at Twitter, perception becomes the reality.
Plz, for the sake of humanity, do not fall prey to this "Failing Banks" propaganda. Bank failed due to lack of regulatory interventions due to a recent bill years ago.
BTW, that Oprah bit put a smile to my face, ty.
The author of the bill that was changed stated that the change was not the cause for the bank's failure.
The bank failed because it invested heavily in bonds, and the price of the bonds went down.
The bond price dropped due to rising inflation caused by a fed that thinks all problems are solved by pumping more paper into the economy.
Regulation and reporting wouldn't change this result.
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Please provide proof of this, link something.
& one thing that is regulated are portfolios, the diversity.
You made the original claim, so I'll ask for proof or that first.
We'll see where things go from there.
But the co-author of the Dodd-Frank bill, Barney Frank, stated that the changes to that bill in 2018 would not have prevented what happened with SVB and Signature.
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ROFLMAO so tit for tat huh, nice Kauboy,
hmm didn't someone mention to me not to trust a single source,,,, hmm who was that.
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The system looks at a portfolio, which was heavily invested in bonds. The regulatory section would have noticed the concentration of their investments and would have seen that it was not diverse enough. Anyone that has studied how to have a balanced portfolio in college economics would have been more diversified. The purpose of the diversity, is that some stocks, etc. that may go down in value would be balanced by an investment that usually goes up in value when it's 'opposite' goes down.
This may seem simple for the average investor that does not have a lot of money, but when you are talking about millions of dollars that a single person is investing, this balancing act becomes more difficult. Now change that to 50 + billion, and that legislation's lack of monitoring of smaller banking institutions, well boom chakka lakka boom
"would have"
That's an assumption, my friend.
This is why regulations, or lack thereof, can't be pointed to as the "reason" for a problem. Without them, it's only an assumption what they "would have" done for the situation.
What we know DID happen was a bank overextended themselves by making heavy investments into one area, not including the drop in price into their realized losses calculation (since they hadn't yet sold them for the real loss), and not adequately diversifying into other areas to offset this yet-to-be-realized loss. This can happen regardless of regulation. We would like to think that regulation "would have" prevented this, but that is speculation only.
In any case, regulation changes were not the cause. Poor investment strategies were.
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