Relax, all banks to be saved

[motorcarman]

Apparently they are WOKE banks following idiotic policies?

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

 

[pronstar]

Losses are publicized.
Profits are privatized.

Yay capitalism

 

[benenglish]

Redundant threads merged.

 

[wakosama]

OK... so what about 'our' banks? How solvent are they? have you checked lately? ssdd everywhere, could happen anywhere... My family wonders why I just sit by the creek and watch the water go by alot these days. the fish aren't edible so I don't even bother with the rod anymore.

 

[MountainGirl]

You need a minimum of three for the domino effect.

How about four?

“Most banks are solvent under normal circumstances. The problem is, pretty much no bank can withstand a full bank run,” said Steve Sosnick, chief strategist at Interactive Brokers LLC. “The FDIC action removes the idea of a deposit bank run, but what we’re seeing is an investor bank run,” he added.

• First Republic Bank sank 79% for a record drop, sparking multiple halts for volatility
• Western Alliance Bancorp lost 85%, its biggest drop ever

US Regional Banks Remain Under Pressure as First Republic Sinks

(Bloomberg) -- The turmoil that’s engulfed bank stocks deepened Monday as investors rushed to reduce exposure to the industry, triggering a cascade of trading halts as multiple lenders suffered record drops.Most Read from BloombergBonds Soar, Tech Up as Bets on Fed Pause Weighed: Markets...

finance.yahoo.com

 

[wakosama]

THIS....

Money Troubles - Kunstler

“As for the evil: It lurks in the interstices of our bureaucratic institutions, which, as they have grown in size and complexity since the nineteenth century, behave in ways that are increasingly impossible to understand and contrary to human flourishing.” — Eugyppius on Substack

kunstler.com

 

[Southpaw]

 

[Havok1]

First it was Silicon Valley Bank (SVB) a few days ago, NOW NY regulators are closing Signature Bank?

(WTF?)

I could be way off, but as strange as this sounds, I’m kind of thinking that Signature bank was sacrificed in an attempt to to build confidence in the banking system/government.

 

[wakosama]

so where do you find the info on banks? for instance, where do you look to see how much of the bank's assets/deposits are currently loaned out?

 

[oldag]

Signature was big into financing crypto firms. Proably best to shut it down.

The bailout is political payback.

 

[wakosama]

Biden pledges 'whatever needed' for U.S. bank system as SVB meltdown roils markets

Bank stocks around the world plunged on Monday even as President Joe Biden vowed to take action to ensure the safety of the U.S. banking system after the sudden collapse of Silicon Valley Bank and Signature Bank .

www.reuters.com

Credit Suisse shares hit new low

Credit Suisse shares hit a new record low in morning trading on Switzerland's stock exchange.

www.reuters.com

 

[popper]

Suisse has been in trouble for a long time. Signature Bank was a crypto exchange bank. SVB was in trouble several yrs before the run. What we, the public will never know is what caused the stampede! We do know, they were in 'good shape' per regulators, then tried to sell more stock, CEO sold his shares and then the stampede started. Selling bonds at a loss takes time. You don't set up a stock sale in a day! Loose lips sink ships and there is an event that starts the stampede. My swag, somebody big pulled a lot of coin out, probably to cover loss in crypto. You don't just wake up some day and find you have no reserve cash!
But yes, Ol Yeller is lying, taxpayers provide the coin for FDIC funds, from deposits, not bank profits.

 

[Havok1]

Suisse has been in trouble for a long time. Signature Bank was a crypto exchange bank. SVB was in trouble several yrs before the run. What we, the public will never know is what caused the stampede! We do know, they were in 'good shape' per regulators, then tried to sell more stock, CEO sold his shares and then the stampede started. Selling bonds at a loss takes time. You don't set up a stock sale in a day! Loose lips sink ships and there is an event that starts the stampede. My swag, somebody big pulled a lot of coin out, probably to cover loss in crypto. You don't just wake up some day and find you have no reserve cash!
But yes, Ol Yeller is lying, taxpayers provide the coin for FDIC funds, from deposits, not bank profits.

The stampede started on Twitter after they failed to raise money to cover their realized losses.

 

[MountainGirl]

.... My swag, somebody big pulled a lot of coin out, probably to cover loss in crypto. You don't just wake up some day and find you have no reserve cash!
...

My swag - is this was a well planned event, to inevitably weaken downstream regional banks, to further lay groundwork for CBDC. Tinfoil hat not included.

 

[TheDan]

Joe says thanks to his administration no depositer will lose their money. Really, safeguard's were put in place long before his administration.

With the normal "safegaurds", certain depositors are supposed to lose their money. What his admin is doing is plundering FDIC to benefit accounts that aren't normally insured by it.

What happens when FDIC is empty and the regular folks it's supposed to insure are assed out? Y'all ready for FedCoin™?

 

[wakosama]

Israeli Bankers Transferred $1 Billion Out of Silicon Valley Bank Right before Collapse - Slay News

Bankers in Israel were able to successfully transfer $1 billion in funds from Silicon Valley Bank (SVB) right before it collapsed on Friday, according to reports.

slaynews.com

Democrat Barney Frank Was Board Member at Collapsed Signature Bank - Slay News

Democrat former Rep. Barney Frank (D-MA) was a member of the board at the collapsed Signature bank.

slaynews.com

 

[oldag]

Israeli Bankers Transferred $1 Billion Out of Silicon Valley Bank Right before Collapse - Slay News

Bankers in Israel were able to successfully transfer $1 billion in funds from Silicon Valley Bank (SVB) right before it collapsed on Friday, according to reports.

slaynews.com

Democrat Barney Frank Was Board Member at Collapsed Signature Bank - Slay News

Democrat former Rep. Barney Frank (D-MA) was a member of the board at the collapsed Signature bank.

slaynews.com

Kudos to anyone who got their money out ahead of time.

Barney Frank - rather ironic.

 

[toddnjoyce]

… What we, the public will never know is what caused the stampede! ….

Garry Tan telling all YC clients and Peter Thiel telling Founders Fund clients to move their money out of SVB caused the stampede.

 

[Havok1]

With the normal "safegaurds", certain depositors are supposed to lose their money. What his admin is doing is plundering FDIC to benefit accounts that aren't normally insured by it.

What happens when FDIC is empty and the regular folks it's supposed to insure are assed out? Y'all ready for FedCoin™?

I think there is a lot of confusion about this. There is a very high probability that all of the depositors will be repaid from the banks assets. People are getting worked up about nothing.

 

[wakosama]

Chinese Tech Startups Panic over Money Trapped in SVB Crisis

Chinese firms rush to reassure their customers and investors that their exposure in the SVB collapse is minimal.

www.breitbart.com