Hey Biden,Quote:
In my administration, no one is above the law.
Now do yourself, John Kerry, and Fauci.
Keep an eye on this Silicon Valley Bank Financial thing
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Last: 1 day ago by Heineken-Ashi
Now do yourself, John Kerry, and Fauci.
They probably have to continually administer them all day ... t's just drugs, poop, drugs, poop, fall up the stairs, shuffle away and then poop again.fka ftc said:
You realize by that point the dementia drugs had been administered just prior and the bowel movement occurred at the podium...
Just put in a stoma and give him colonscopy bags and be done with it.
Who voted for him? If you did, you need to own it.
But Trump's tweets were so mean and Biden is the Great Unifier!
LMCane said:why wouldn't you?fka ftc said:Second time I have had Frost mentioned today. I have an idle credit facility with them, should I draw it down?cgh1999 said:japantiger said:
Frost Bank in Austin has to be in trouble.
Why?
Move cash away from them?
which option could cause you more harm?
moving your money to a different bank,
or waiting to see if the bank you have now enters financial distress?
Dude, you need to stop. You sound like chicken little. Frost is fine.
The management of both these banks will be fired.
— President Biden (@POTUS) March 13, 2023
If a bank is taken over by the FDIC, the people running that bank shouldn’t work there anymore.
In one week he'll be being for them to stay or straight forcing them. They are already paying 150% salaries.
I'd be more concerned about the trust funds Frost manages TBH. Not due to mismanagement just from market downturns that may or may not emerge from all this.aggielostinETX said:LMCane said:why wouldn't you?fka ftc said:Second time I have had Frost mentioned today. I have an idle credit facility with them, should I draw it down?cgh1999 said:japantiger said:
Frost Bank in Austin has to be in trouble.
Why?
Move cash away from them?
which option could cause you more harm?
moving your money to a different bank,
or waiting to see if the bank you have now enters financial distress?
Dude, you need to stop. You sound like chicken little. Frost is fine.
Trump will fix it.
techno-ag said:I'd be more concerned about the trust funds Frost manages TBH. Not due to mismanagement just from market downturns that may or may not emerge from all this.aggielostinETX said:LMCane said:why wouldn't you?fka ftc said:Second time I have had Frost mentioned today. I have an idle credit facility with them, should I draw it down?cgh1999 said:japantiger said:
Frost Bank in Austin has to be in trouble.
Why?
Move cash away from them?
which option could cause you more harm?
moving your money to a different bank,
or waiting to see if the bank you have now enters financial distress?
Dude, you need to stop. You sound like chicken little. Frost is fine.
Exactly. The client losses are going to suck.
aggielostinETX said:techno-ag said:I'd be more concerned about the trust funds Frost manages TBH. Not due to mismanagement just from market downturns that may or may not emerge from all this.aggielostinETX said:LMCane said:why wouldn't you?fka ftc said:Second time I have had Frost mentioned today. I have an idle credit facility with them, should I draw it down?cgh1999 said:japantiger said:
Frost Bank in Austin has to be in trouble.
Why?
Move cash away from them?
which option could cause you more harm?
moving your money to a different bank,
or waiting to see if the bank you have now enters financial distress?
Dude, you need to stop. You sound like chicken little. Frost is fine.
Exactly. The client losses are going to suck.
What client losses? The FDIC is backstopping deposits.
"Dark Brandon"annie88 said:
This SOB had to go poop and pump up the dementia drugs.
And then some idiot thanks him.
Seriously, **** Joe Biden.This 👏🏿 is 👏🏿 leadership👏🏿 pic.twitter.com/TR20pbyCN8
— Dr. Jebra Faushay (@JebraFaushay) March 13, 2023
This ****ing vegetable is still smarter than the 81 million who voted for him.
Let that sink in.
cgh1999 said:aggielostinETX said:techno-ag said:I'd be more concerned about the trust funds Frost manages TBH. Not due to mismanagement just from market downturns that may or may not emerge from all this.aggielostinETX said:LMCane said:why wouldn't you?fka ftc said:Second time I have had Frost mentioned today. I have an idle credit facility with them, should I draw it down?cgh1999 said:japantiger said:
Frost Bank in Austin has to be in trouble.
Why?
Move cash away from them?
which option could cause you more harm?
moving your money to a different bank,
or waiting to see if the bank you have now enters financial distress?
Dude, you need to stop. You sound like chicken little. Frost is fine.
Exactly. The client losses are going to suck.
What client losses? The FDIC is backstopping deposits.
They aren't stopping losses from people who are in the same spot as the banks and in too deep on bonds.
On Kudlow, Kevin Hassett is discussing that his sources indicate there was a buyer over the weekend for SVB but FDIC and Biden team blocked it. Supposedly based on woke policies / preferences.
I really hope the left is hit hard by these occurrences, though I know that hope is fleeting. Biden voters are a special kind of evil.
I really hope the left is hit hard by these occurrences, though I know that hope is fleeting. Biden voters are a special kind of evil.
Four Seasons Landscaping
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You think not selling a U.S. bank to the UAE is because of wokeism?
Thanks for playing. That was not what was said at all.Four Seasons Landscaping said:
You think not selling a U.S. bank to the UAE is because of wokeism?
Tell the next Biden lie that only Russia Russia Russia wanted to buy them.
If they are going to take care of depositors shouldn't they do it at 90% or whatever <100% since those depositors enjoyed higher interest rates based on risky investments?
You think that government is going to let crypto bros and celebrities, tech startups and wineries get shafted? Or spread that out to everybody else? Gosh I wonder who those people donate too....Manhattan said:
If they are going to take care of depositors shouldn't they do it at 90% or whatever <100% since those depositors enjoyed higher interest rates based on risky investments?
Manhattan said:
If they are going to take care of depositors shouldn't they do it at 90% or whatever <100% since those depositors enjoyed higher interest rates based on risky investments?
Just out of curiosity, what were the risky investments in your mind?
Wrong again. Just reported that the interest rates paid on deposit were low as compared to market. 1% or less.Manhattan said:
If they are going to take care of depositors shouldn't they do it at 90% or whatever <100% since those depositors enjoyed higher interest rates based on risky investments?
Bank was putting large requirements on deposits on their lending and banking relationships.
Want a loan for your VR gaming salon venture, here is your loan, put your start up cash at our bank, and we run it all on credit.
The dip****s went way long on tbills and lost. At same time, they had shat equity positions as warrants on their loans. Loans default, equity warrants worthless and the house of cards crumbles.
Throwing my bet out there now. This was not about a bank run and a poorly run niche bank.
As with FTX, something else is afoot here. As with FTX, its a closely connected silicone valley bunch, closely aligned with the left, imploding in fantastic fashion right after all the guys running it built personal wealth.
And it will be used to argue for more rules, more regulation, more fed management of banking.
Congrats once again to the Biden Evil Empire.
As with FTX, something else is afoot here. As with FTX, its a closely connected silicone valley bunch, closely aligned with the left, imploding in fantastic fashion right after all the guys running it built personal wealth.
And it will be used to argue for more rules, more regulation, more fed management of banking.
Congrats once again to the Biden Evil Empire.
fka ftc said:Wrong again. Just reported that the interest rates paid on deposit were low as compared to market. 1% or less.Manhattan said:
If they are going to take care of depositors shouldn't they do it at 90% or whatever <100% since those depositors enjoyed higher interest rates based on risky investments?
Bank was putting large requirements on deposits on their lending and banking relationships.
Want a loan for your VR gaming salon venture, here is your loan, put your start up cash at our bank, and we run it all on credit.
The dip****s went way long on tbills and lost. At same time, they had shat equity positions as warrants on their loans. Loans default, equity warrants worthless and the house of cards crumbles.
Man, I really wanted manhattan to have to defend his statement.
My bad. Giving myself 15 social demerits.
Never seen somebody have impossibly wrong takes on such a wide range of topics.
Never seen somebody have impossibly wrong takes on such a wide range of topics.
Last 5-Day Market Cap Loss by Bank:
— The Kobeissi Letter (@KobeissiLetter) March 13, 2023
1. Bank of America, $BAC: $37B
2. Charles Schwab, $SCHW: $32B
3. JP Morgan, $JPM: $29B
4. Wells Fargo, $WFC: $27B
5. Citigroup, $C: $14B
All US bank stocks have lost ~$200B.
Total market cap lost is more than SVB's $175B in deposits.
aggielostinETX said:fka ftc said:Wrong again. Just reported that the interest rates paid on deposit were low as compared to market. 1% or less.Manhattan said:
If they are going to take care of depositors shouldn't they do it at 90% or whatever <100% since those depositors enjoyed higher interest rates based on risky investments?
Bank was putting large requirements on deposits on their lending and banking relationships.
Want a loan for your VR gaming salon venture, here is your loan, put your start up cash at our bank, and we run it all on credit.
The dip****s went way long on tbills and lost. At same time, they had shat equity positions as warrants on their loans. Loans default, equity warrants worthless and the house of cards crumbles.
Man, I really wanted manhattan to have to defend his statement.
Sorry I didn't read anything "just reported". I still think depositors should take some sort of haircut, enough for pain, not enough to cause contagion/other bank runs.
Four Seasons Landscaping
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The popular rumor all weekend was that the buyer was the UAE.
You said the administration turned it down because of wokeism.
You said the administration turned it down because of wokeism.
Danger of making assumptions. That's on you, not me.
Four Seasons Landscaping
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This is a pretty prime example of a popular take from folks that don't understand the situation.Quote:
If they are going to take care of depositors shouldn't they do it at 90% or whatever <100% since those depositors enjoyed higher interest rates based on risky investments?
The root of their issue is the money was in far too safe investments (long-term treasury notes) that are worth significantly less in a high-interest environment. They were taking a huge loss to get out of that when they bank run was triggered.
Manhattan said:aggielostinETX said:fka ftc said:Wrong again. Just reported that the interest rates paid on deposit were low as compared to market. 1% or less.Manhattan said:
If they are going to take care of depositors shouldn't they do it at 90% or whatever <100% since those depositors enjoyed higher interest rates based on risky investments?
Bank was putting large requirements on deposits on their lending and banking relationships.
Want a loan for your VR gaming salon venture, here is your loan, put your start up cash at our bank, and we run it all on credit.
The dip****s went way long on tbills and lost. At same time, they had shat equity positions as warrants on their loans. Loans default, equity warrants worthless and the house of cards crumbles.
Man, I really wanted manhattan to have to defend his statement.
Sorry I didn't read anything "just reported". I still think depositors should take some sort of haircut, enough for pain, not enough to cause contagion/other bank runs.
Defend this statement with facts and logic. Your feelz are irrelevant.
Four Seasons Landscaping
Joined:
Nov 11, 2020
Posts:
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Then WTF is your point?
The only buyer anybody in the know has talked about was the UAE. You blamed it on wokeism.
Do you think not selling to the UAE is wokeism?
The only buyer anybody in the know has talked about was the UAE. You blamed it on wokeism.
Do you think not selling to the UAE is wokeism?
Which depositors?Manhattan said:
Sorry I didn't read anything "just reported". I still think depositors should take some sort of haircut, enough for pain, not enough to cause contagion/other bank runs.
But I will throw one out and say no deposits should be honored until you can prove you are not asociated with their obvious fraud.
Treat it like cartel or terrorist money.
If you are investing in government bonds and paying interest higher than they are paying you are going to have a bad time.
Manhattan said:aggielostinETX said:fka ftc said:Wrong again. Just reported that the interest rates paid on deposit were low as compared to market. 1% or less.Manhattan said:
If they are going to take care of depositors shouldn't they do it at 90% or whatever <100% since those depositors enjoyed higher interest rates based on risky investments?
Bank was putting large requirements on deposits on their lending and banking relationships.
Want a loan for your VR gaming salon venture, here is your loan, put your start up cash at our bank, and we run it all on credit.
The dip****s went way long on tbills and lost. At same time, they had shat equity positions as warrants on their loans. Loans default, equity warrants worthless and the house of cards crumbles.
Man, I really wanted manhattan to have to defend his statement.
Sorry I didn't read anything "just reported". I still think depositors should take some sort of haircut, enough for pain, not enough to cause contagion/other bank runs.
Agree on the hair cut but risk wasn't the issue. In fact, they derisked to far to offset their VC portfolio. Timing, stupity. and loss of focus are SVBs problems.
FJB and FDIC had lists of approved banks. Several US banks approached FDIC but were denied as they were not on the list. The source was reported to have said that the list was heavily influenced by wokeism.Four Seasons Landscaping said:
Then WTF is your point?
The only buyer anybody in the know has talked about was the UAE. You blamed it on wokeism.
Do you think not selling to the UAE is wokeism?
Now... you could just do a little of your own information gathering instead of making an ass-umption and then demanding I explain away your assumption.
Good thing that is not what they were doing.Manhattan said:
If you are investing in government bonds and paying interest higher than they are paying you are going to have a bad time.
That's not what happened here though, is it? I don't think this has anything to do with the interest rates SVB we're paying on deposits.
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