SVB Implosion
Comments
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Yeah - fuck that shit. The banksters playing their casino game can fuck the fuck off.Bob_C said:
For sure all of that. I’m talking a bigger extortion. Tie whatever bailout is needed to cutting spending in general, Ukraine funding, letting Novak play, etc. Why not.PurpleThrobber said:
The bailout should only be to the extent of deposits.Bob_C said:This one is gonna be dicey. Congress is gonna get a big sales pitch for this one. Hopefully they don’t do it. But if they do, squeeze the shit out of it and get real shit in return.
Then squeeze the shit out of it anything above making those people whole.
But Joe Blow who deposited funds to SVB, they were simply following conventional business practice.
Fuck Oprah, though. The Throbber can be completely hypocritical when it comes to pedo-enablers.
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Not sure if that iSource story is true but man I’m going to laugh if it is… -
The Cuck and bitch losing money is a pleasant news.
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Oh they will get the hook upHoustonHusky said:
Not sure if that iSource story is true but man I’m going to laugh if it is… -
Tech startups are fucked
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Shareholders should lose all their money. But should innocent depositors lose all their money? The one thing I can hold against the depositors would be not depositing in multiple banks. But still...Bob_C said:
That’s the final straw. No bailouts.HoustonHusky said: -
The lesson would be that if you don't know all the details about your bank, then keep it under $250k or buy short term treasuries or stay with a big bank that is too big too fail. In the 2007-2008 liquidity crisis, the Fed stepped in and you were safe with a big bank. Lehman, not so much.
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So who should cover that exactly?DerekJohnson said:
Shareholders should lose all their money. But should innocent depositors lose all their money? The one thing I can hold against the depositors would be not depositing in multiple banks. But still...Bob_C said:
That’s the final straw. No bailouts.HoustonHusky said: -
If there is no risk hazard, then it isn't a free market and I refuse to support the Heads I win, and Tails you pay for my lose. Pay for your own losses.Bob_C said:
So who should cover that exactly?DerekJohnson said:
Shareholders should lose all their money. But should innocent depositors lose all their money? The one thing I can hold against the depositors would be not depositing in multiple banks. But still...Bob_C said:
That’s the final straw. No bailouts.HoustonHusky said: -
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The Wa Mu collapse made me a Chase customer over night. Chase expanded their footprint to every Wa Mu branch for pennies on the dollar
I'm still there. If Chase fails then everything is gone anyway. America's bank
Also did well flipping Chase Banks. Got introduced by a GC that did conversions from Wa Mu to Chase then the multiple remodals
Quite an industry -
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Yep. Chase. BoA. Wells Fargo. If any of those three fail we are knifing each other in the streets for dog meat anyway so it doesn't matter at that point. I'd never bank with some regional, local or specialty bank. Go big or get fucked.RaceBannon said:The Wa Mu collapse made me a Chase customer over night. Chase expanded their footprint to every Wa Mu branch for pennies on the dollar
I'm still there. If Chase fails then everything is gone anyway. America's bank
Also did well flipping Chase Banks. Got introduced by a GC that did conversions from Wa Mu to Chase then the multiple remodals
Quite an industry -
But why does @Swaye love him some WEF ESG?Swaye said:
Yep. Chase. BoA. Wells Fargo. If any of those three fail we are knifing each other in the streets for dog meat anyway so it doesn't matter at that point. I'd never bank with some regional, local or specialty bank. Go big or get fucked.RaceBannon said:The Wa Mu collapse made me a Chase customer over night. Chase expanded their footprint to every Wa Mu branch for pennies on the dollar
I'm still there. If Chase fails then everything is gone anyway. America's bank
Also did well flipping Chase Banks. Got introduced by a GC that did conversions from Wa Mu to Chase then the multiple remodals
Quite an industry
Axeing for a fren.
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Fuck Wells Fargo. With a red hot rusty AIDS infested cheese grater.pawz said:
But why does @Swaye love him some WEF ESG?Swaye said:
Yep. Chase. BoA. Wells Fargo. If any of those three fail we are knifing each other in the streets for dog meat anyway so it doesn't matter at that point. I'd never bank with some regional, local or specialty bank. Go big or get fucked.RaceBannon said:The Wa Mu collapse made me a Chase customer over night. Chase expanded their footprint to every Wa Mu branch for pennies on the dollar
I'm still there. If Chase fails then everything is gone anyway. America's bank
Also did well flipping Chase Banks. Got introduced by a GC that did conversions from Wa Mu to Chase then the multiple remodals
Quite an industry
Axeing for a fren.
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No bailout for SVB.
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They all suck so fucking badPurpleThrobber said:
Fuck Wells Fargo. With a red hot rusty AIDS infested cheese grater.pawz said:
But why does @Swaye love him some WEF ESG?Swaye said:
Yep. Chase. BoA. Wells Fargo. If any of those three fail we are knifing each other in the streets for dog meat anyway so it doesn't matter at that point. I'd never bank with some regional, local or specialty bank. Go big or get fucked.RaceBannon said:The Wa Mu collapse made me a Chase customer over night. Chase expanded their footprint to every Wa Mu branch for pennies on the dollar
I'm still there. If Chase fails then everything is gone anyway. America's bank
Also did well flipping Chase Banks. Got introduced by a GC that did conversions from Wa Mu to Chase then the multiple remodals
Quite an industry
Axeing for a fren. -
Yup they be douches... i left their shady ass after 12 years working there... went to chase, way better company, but crappy incentive. Monthly vs quarterly and cap per customer of 3k vs 15k of wells for icp. Big difference. They didn't like whale hunting. Dumb.PurpleThrobber said:
Fuck Wells Fargo. With a red hot rusty AIDS infested cheese grater.pawz said:
But why does @Swaye love him some WEF ESG?Swaye said:
Yep. Chase. BoA. Wells Fargo. If any of those three fail we are knifing each other in the streets for dog meat anyway so it doesn't matter at that point. I'd never bank with some regional, local or specialty bank. Go big or get fucked.RaceBannon said:The Wa Mu collapse made me a Chase customer over night. Chase expanded their footprint to every Wa Mu branch for pennies on the dollar
I'm still there. If Chase fails then everything is gone anyway. America's bank
Also did well flipping Chase Banks. Got introduced by a GC that did conversions from Wa Mu to Chase then the multiple remodals
Quite an industry
Axeing for a fren. -
I am the same. Had been with PTCU and then WAMU since 1993RaceBannon said:The Wa Mu collapse made me a Chase customer over night. Chase expanded their footprint to every Wa Mu branch for pennies on the dollar
I'm still there. If Chase fails then everything is gone anyway. America's bank
Also did well flipping Chase Banks. Got introduced by a GC that did conversions from Wa Mu to Chase then the multiple remodals
Quite an industry -
War Room is reporting that 1/3 to 1/2 of the money tied up in SVB is linked to the Chinese Communist Party. If true, this adds a new wrinkle to the mess.
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Definitely getting bailedout.... 10 percent of course to the big guy!DerekJohnson said:War Room is reporting that 1/3 to 1/2 of the money tied up in SVB is linked to the Chinese Communist Party. If true, this adds a new wrinkle to the mess.
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This thread will eventually reach 100+ replies and 5k + views
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Careful. That’s actually a surprisingly high bar.DerekJohnson said:This thread will eventually reach 100+ replies and 5k + views
As an autist who leads a miserable and pathetic life, earlier this year I went back and studied the averages in the Tug. I went back a few hundred pages. Something like 2-3 years worth.
Taking out the two pinned threads and the meme thread, generally you find you need a shit-poster to drive 100 replies. It’s pretty rare to get over 100 poasts organically. Based on my survey, threads over 300 posts would qualify for a “classics” status.
PGOSs UKR thread is a perfect storm of shit posting and organic interest. It might be years (plural) before we have another thread that does 1000+ posts.
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Allegedly 1500 business fighting scary climate change had money in SVB. Go green go broke!
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Tell me Prince Harry’s deposits are insured without telling me his deposits are insured.HoustonHusky said:
https://www.wsj.com/articles/u-k-offers-aid-to-silicon-valley-bank-customers-4a8c3f1c
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https://www.forbes.com/sites/mayrarodriguezvalladares/2023/03/12/how-trumps-deregulation-sowed-the-seeds-for-silicon-valley-banks-demise/?sh=3efcd8eb3432jecornel said:Allegedly 1500 business fighting scary climate change had money in SVB. Go green go broke!
Hmm, not exactly. -
Black Monday?
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Imagine a loser like Trump still thwarting big winner BidenMelloDawg said:
https://www.forbes.com/sites/mayrarodriguezvalladares/2023/03/12/how-trumps-deregulation-sowed-the-seeds-for-silicon-valley-banks-demise/?sh=3efcd8eb3432jecornel said:Allegedly 1500 business fighting scary climate change had money in SVB. Go green go broke!
Hmm, not exactly.
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Weird how a bill got through a democratic House and Senate, but Trump is to blameRaceBannon said:
Imagine a loser like Trump still thwarting big winner BidenMelloDawg said:
https://www.forbes.com/sites/mayrarodriguezvalladares/2023/03/12/how-trumps-deregulation-sowed-the-seeds-for-silicon-valley-banks-demise/?sh=3efcd8eb3432jecornel said:Allegedly 1500 business fighting scary climate change had money in SVB. Go green go broke!
Hmm, not exactly.
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Banking not your subject. Move along.MelloDawg said:
https://www.forbes.com/sites/mayrarodriguezvalladares/2023/03/12/how-trumps-deregulation-sowed-the-seeds-for-silicon-valley-banks-demise/?sh=3efcd8eb3432jecornel said:Allegedly 1500 business fighting scary climate change had money in SVB. Go green go broke!
Hmm, not exactly.
