Keep an eye on this Silicon Valley Bank Financial thing

79,865 Views | 896 Replies | Last: 2 mo ago by Not Coach Jimbo
will25u
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3:34p, 3/10/23
Bad news for crypto.



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C@LAg
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3:37p, 3/10/23
mostly peaceful economic collapse
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Stat Monitor Repairman
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In reply to C@LAg • 3:39p, 3/10/23
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will25u
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3:43p, 3/10/23
https://fred.stlouisfed.org/series/RRPONTSYD

Reverse Repo still at all time highs $2.188T last night. Doesn't this correlate to banks still having a ton of cash?
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C@LAg
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In reply to will25u • 3:44p, 3/10/23
will25u said:


Reverse Repo still at all time highs $2.188T last night. Doesn't this correlate to banks still having a ton of cash?
that cash can disappear quickly if investors start moving stuff around, and banks have to respond accordingly.
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Three Twenties and A Ten
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In reply to Stat Monitor Repairman • 3:50p, 3/10/23
AG
Stat Monitor Repairman said:
Waiting for the screams next Wednesday when startups don't make mid-month payroll.
My payroll processor uses SVB and my employee payroll was today. No one got their direct deposits over night. I run a relatively small payroll and thank God most of my employees seem to have other incomes, so they're not solely dependent on their paychecks from me. Can't imagine the millions of employees who woke up to no paychecks today and have no idea if/when they will receive them! There was zero warning from our payroll processor...I think they were caught in the dark as much as we were.

The whole thing (accompanied on the same day by the Wells Fargo 'direct deposit debacle' today) is an absolute cluster!
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aggielostinETX
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In reply to Three Twenties and A Ten • 4:05p, 3/10/23
AG
Three Twenties and A Ten said:
Stat Monitor Repairman said:
Waiting for the screams next Wednesday when startups don't make mid-month payroll.
My payroll processor uses SVB and my employee payroll was today. No one got their direct deposits over night. I run a relatively small payroll and thank God most of my employees seem to have other incomes, so they're not solely dependent on their paychecks from me. Can't imagine the millions of employees who woke up to no paychecks today and have no idea if/when they will receive them! There was zero warning from our payroll processor...I think they were caught in the dark as much as we were.

The whole thing (accompanied on the same day by the Wells Fargo 'direct deposit debacle' today) is an absolute cluster!


That sux. I wonder if that's why the fed stepped in.
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MAROON
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4:06p, 3/10/23
AG


We need a George Bailey on days like today
What do you boys want for breakfast BBQ ?.....OK Chili.
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will25u
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4:16p, 3/10/23
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4:17p, 3/10/23
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Three Twenties and A Ten
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In reply to aggielostinETX • 4:18p, 3/10/23
AG
aggielostinETX said:
Three Twenties and A Ten said:
Stat Monitor Repairman said:
Waiting for the screams next Wednesday when startups don't make mid-month payroll.
My payroll processor uses SVB and my employee payroll was today. No one got their direct deposits over night. I run a relatively small payroll and thank God most of my employees seem to have other incomes, so they're not solely dependent on their paychecks from me. Can't imagine the millions of employees who woke up to no paychecks today and have no idea if/when they will receive them! There was zero warning from our payroll processor...I think they were caught in the dark as much as we were.

The whole thing (accompanied on the same day by the Wells Fargo 'direct deposit debacle' today) is an absolute cluster!


That sux. I wonder if that's why the fed stepped in.
Absolutely is, amongst several billion other reason$$!!
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Albatross Necklace
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In reply to will25u • 4:25p, 3/10/23
will25u said:
Translation:

Swallwell's donors are taking it in the pants over the SVB crash
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Bunk Moreland
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4:26p, 3/10/23

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AW 1880
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4:29p, 3/10/23
AG
Hope this doesn't turn out to be like the pre-CCOVID thread about something going on in China.
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Rapier108
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4:29p, 3/10/23
And if it turns out this "bank" was nothing but some kind of Ponzi scheme or worse, the government will bail them out and no one will be punished, as long as they donated to the proper (D) candidates.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill
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Not a Bot
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4:31p, 3/10/23
AG


Cramer pumped the bank a month ago, just like he did Bear Stearns.
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cone
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In reply to will25u • 4:35p, 3/10/23
AG
will25u said:
LOLWUT
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MAROON
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In reply to Not a Bot • 4:35p, 3/10/23
AG
Not a Bot said:


Cramer pumped the bank a month ago, just like he did Bear Stearns.
if you do the opposite of what Cramer suggests you will almost always be better off. He's a modern day Costanza,
What do you boys want for breakfast BBQ ?.....OK Chili.
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AgGrad99
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In reply to Bunk Moreland • 4:38p, 3/10/23
AG
Bunk Moreland said:

Sure am glad I hold some Roku Stock
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cone
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4:39p, 3/10/23
AG
lol this is hilarious
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Dies Irae
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4:39p, 3/10/23
How the hell does a company with a 7 billion market cap just have half a billion dollars and a quarter of its liquidity parked in a bank account uninsured?
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aezmvp
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In reply to Albatross Necklace • 4:40p, 3/10/23
Albatross Necklace said:
will25u said:
Translation:

Swallwell's donors are taking it in the pants over the SVB crash
This is 100% what is happening. Absolutely insane to get the Fed to back 100% of the deposits. But yeah this is 100% about his donors panic.
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DallasAg 94
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In reply to Not a Bot • 4:44p, 3/10/23
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DallasAg 94
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4:51p, 3/10/23
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MAROON
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4:51p, 3/10/23
AG


What do you boys want for breakfast BBQ ?.....OK Chili.
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Stat Monitor Repairman
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In reply to Dies Irae • 4:53p, 3/10/23
Dies Irae said:
How the hell does a company with a 7 billion market cap just have half a billion dollars and a quarter of its liquidity parked in a bank account uninsured?
ESG score still strong tho.
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Not a Bot
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In reply to MAROON • 4:53p, 3/10/23
AG
Mrs. Skilling. Almost missed the funniest part of the tweet.
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aggielostinETX
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In reply to MAROON • 4:54p, 3/10/23
AG
MAROON said:




Got me for a second
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sharpdressedman
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4:55p, 3/10/23
We will soon know the volumes and participating financial institutions and hedge funds in the many, mega-loan syndications that supported the VC financing. Wait for the dominoes to begin falling.
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Bag
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4:59p, 3/10/23
AG
Just got an urgent letter from one our business partners urging clients to NOT send any payments to their SVB account
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OaklandAg06
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In reply to aezmvp • 5:00p, 3/10/23
AG
aezmvp said:
Albatross Necklace said:
will25u said:
Translation:

Swallwell's donors are taking it in the pants over the SVB crash
This is 100% what is happening. Absolutely insane to get the Fed to back 100% of the deposits. But yeah this is 100% about his donors panic.
I have a feeling Swallwell's response has less to do with his donors panic, and more to do with investments he made with insider information that are about to get roasted.
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C@LAg
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5:01p, 3/10/23
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C@LAg
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In reply to OaklandAg06 • 5:02p, 3/10/23
OaklandAg06 said:
aezmvp said:
Albatross Necklace said:
will25u said:
Translation:

Swallwell's donors are taking it in the pants over the SVB crash
This is 100% what is happening. Absolutely insane to get the Fed to back 100% of the deposits. But yeah this is 100% about his donors panic.
I have a feeling Swallwell's response has less to do with his donors panic, and more to do with investments he made with insider information that are about to get roasted.
or the DNC parked ALL of their funds there.

otherwise where else would Nancy be hiding her money?
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Dies Irae
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5:07p, 3/10/23
From yesterday
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PCC_80
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In reply to Dies Irae • 5:27p, 3/10/23
AG
Dies Irae said:
From yesterday
Is this the guy that sold all his stock in SVB last week ? ? ? LOL
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