Monday morning we'll all be back on here watching clips of the Sunday morning talk shows blaming Trump for this.
Keep an eye on this Silicon Valley Bank Financial thing
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Last: 1 day ago by Heineken-Ashi
Is that Kelly Anne Conway's daughter? Has to be,
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?
Major blunder. A freaking quarter!
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Beat40 said: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?
Major blunder. A freaking quarter!
This lets you know who is running these tech companies. They are all VC guys. They get funded by VCs and then turn around and reinvested their money with the VCs.
agdoc2001 said:
If only. This would be hell but it would fix every single social issue we have immediately.
C@LAg said:
Greg was named to the Silicon Valley Business Journal's inaugural Power 100 list in 2023. He is a Class A Director for the Federal Reserve Bank of San Francisco
nothing to see here.
Creature from Jekyll Island
A cartel of banks led by JPM created the FED for the purpose of pushing their own failures onto the middle class through bailouts. They then convinced the government to give up its own (the people's) power and hand it to the FED.
It's the biggest Ponzi scheme of all time, but because it's all we've ever known, we just accept it as the "way things are".
If you want a real economy, it's time to abolish the FED, erase everything created by unelected banking cartel monetary policy, and force everything to exist on its own merit based on profitability.
Would be painful. But our kids and grand kids would be better off.
Even heard on the radio today on CNBC.. "this is a threat to the general public. Someone has to step in and take care of these depositors. If not, America is at risk". This is he playbook they have used in every single similar situation. Without convincing the public that "it's for your own good", you would never accept the bailout. But because you are stupid, they hand your money to the failed bankers and then buy up the assets you are forced to liquidate. They get richer and you get poorer.
Let them fail. Let the money go poof. Let us learn our lessons. Otherwise, we're truly in trouble. But that's the playbook since the FED was created. Over leverage middle class funds, enrich yourself in the process, and when the music stops, shuffle the deck and get bailed out and start again. All of the pain is for the peons only. Enjoy your depression peons.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
Not fake
Do we know what bank payroll processor Gusto uses ....?
You know ... just checking.
You know ... just checking.
They have about $1.9 billion in cash.
What do you boys want for breakfast BBQ ?.....OK Chili.
MAROON said:
They have about $1.9 billion in cash.
Sure but that's still mind numbingly stupid and is jeopardizing their future, at this moment they're only reasonably certain they can make their obligations for the next year.
I don't know the background - maybe they had a loan with SVB that requires a certain level of deposits.
I know You're not suggesting they need to limit their bank balances to $250k per bank.
I know You're not suggesting they need to limit their bank balances to $250k per bank.
What do you boys want for breakfast BBQ ?.....OK Chili.
No of course not, you just buy an insurance policy on it.
aezmvp said: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.Albatross Necklace said:Translation:will25u said:I’m working with my CA colleagues to address the Silicon Valley Bank crisis. We must make sure all deposits exceeding the FDIC $250k limit are honored. Banking is about confidence. If depositors lose confidence on the safety of their deposits over 250k then we are in trouble.
— Rep. Eric Swalwell (@RepSwalwell) March 10, 2023
Swallwell's donors are taking it in the pants over the SVB crash
I think the SVB assets get liquidated, and the government passes a bail out to make up the difference to the depositors.
We're talking billions of venture capital, and these VCs have political pull. They will make sure politicians bail them out so they don't lose their investments in these start ups.
Somebody said earlier that 90% of the accounts were $250K and above.
Is that anywhere close to true?
Is that anywhere close to true?
97%
Oh, they're gonna make them whole. All of those California congressman are invested hand-in-hand with those venture capitalists. Those congressman would lose so much money if those companies failed overnight because their capital dried up.
Aw crap! Here we go again.
Stat Monitor Repairman said:
Do we know what bank payroll processor Gusto uses ....?
You know ... just checking.
I learned this afternoon that our company's administrator runs through SVB.
Let's see if I actually get paid on the 15th. I'm already several days past due on an expense reimbursement so I'm guessing this is the reason. Just didn't realize it because I've been busy.
We'll start to see a bunch of G6s flying into Basel Euroairport late next week and they'll call an emergency meeting at the BIS.
But, who knows what will happen.
But, who knows what will happen.
Stat Monitor Repairman said:
Do we know what bank payroll processor Gusto uses ....?
You know ... just checking.
Not SVB.
Yep. He is a bona fide fraud. My investment savvy friends regard his commentary as pure, foolish comedy.MAROON said:if you do the opposite of what Cramer suggests you will almost always be better off. He's a modern day Costanza,Not a Bot said:
Cramer pumped the bank a month ago, just like he did Bear Stearns.
Some people out partying right now that ain't aware they ain't about to get paid next week.
97% of deposits at SIVB are uninsured
aggiehawg said:
Aw crap! Here we go again.
Yep.
sharpdressedman said:Yep. He is a bona fide fraud. My investment savvy friends regard his commentary as pure, foolish comedy.MAROON said:if you do the opposite of what Cramer suggests you will almost always be better off. He's a modern day Costanza,Not a Bot said:
Cramer pumped the bank a month ago, just like he did Bear Stearns.
Have watched a lot of CNBC in the last few months. Never watched this guy until then. I can't believe he's taken seriously by anyone.
Complete clown.
Better have reserve cash on hand.
Powell is an arrogant *****, he is no Batmantremble said:cone said:
the pressure on Jay Powell must be completely crushing
I think Powell has come to the realization that he must become the Batman for the markets. I don't think he cares about his short-term reputation, nor should he. He's only one man, but he can take steps (rising rates) to combat the financial insanity that resulted in "tech" companies lighting money on fire to try and push scale.
He is a guy who will listen to no one, make a wrong decision that may eventually get him where he wants to be after destroying trillions of dollars of value and never once consider that he could have been wrong
That there might have been a different way that didn't require destroying millions of peoples lives
The world needs mean tweets
My Pronouns Ultra and MAGA
Trump 2024
My Pronouns Ultra and MAGA
Trump 2024
This is not the beginning of 2009 again.
But you are about to see how corrupt are California legislators.
But you are about to see how corrupt are California legislators.
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