I ain't getting rich off my cash holding but no one else is either.
SVB is Now In the Hands of the FDIC
- Thread starter 2003RedfireVert
- Start date
The more i see market highs and lows at the hands of incompetence the more I trust various coins selections.
Grabbed a few shares of PACW at $5/share
Sent from my iPhone using svtperformance.com
Sent from my iPhone using svtperformance.com
Good thing that you invested your life savings in Thomas Kinkaid paintings and Franklin Mint collectibles.
Last edited:
Why would you say such an ignorant thing?
This thread hurts my brain.
Cliffs:
Everyone in a position of Infrastructure or Gov leadership is corrupt and cannot be trusted.
Cliffs:
Everyone in a position of Infrastructure or Gov leadership is corrupt and cannot be trusted.
Meh. I fade ideological commentary. Conservatives will always find fault in the interests of their political opponents. Liberals will always find fault in the interests of their political opponents.
Beware those that view everything through their politics.
Banks have an issue because they have a mismatch in assets and liabilities. This ultimately traces back to COVID stimulus and the side effect thereof.
It does turn out that SVB was HUGE in permanent finance of solar projects. We finance these and were surprised to learn that how significant they were in this market. But it had nothing to do with them going bust.
Is there any reason FDIC does not have a higher insurance limit for some type of commercial account that all these supposed poor small businesses could utilize? And like maybe they could pay higher fees to cover the premiums of said insurance? I am not a finance guy. I am sure there is some rationale with a bunch of big important sounding words that would rebut my question.
It is like s giant pyramid scheme. Protect the big banks and lenders so the lightweight guys have a place to borrow from, even if they are going under. Hence no need to help the little guy.
Crypto’s 24/7 Trading Disrupted By Bank Crisis
Crypto in many ways used to be a 24/7 market, but the escalating crisis among a set of small U.S. banks has upended that. Regulators’ abrupt closure Sunday of Signature Bank following Silvergate’s shuttering last week knocked out the two biggest crypto-friendly banks and also means the ...
www.theinformation.com
They are people that have no idea how anything works.
Good luck withdrawing $250k cash (or other large amounts) from any bank without giving some serious notice. I went to Bank of America a few years ago to withdrawal 17k and they had a fit. It took over an hour and they stuck me in some special finance office, trying to talk me out of withdrawing my cash. They asked if I could use a cashier check or money order instead. They flat out did not want to give me that much cash at once.
Yes, it does not appear that this was a direct causation as I don't believe the problem is "woke" loans but rather poor investing/hedging of long term deposits. That being said, I do think when businesses fail to focus on their core reason to exist (preservation and growth of capital) these, f-ups seem to occur. My wife's med device company has been going through the same thing.
Uh-HoCrypto’s 24/7 Trading Disrupted By Bank Crisis
Crypto in many ways used to be a 24/7 market, but the escalating crisis among a set of small U.S. banks has upended that. Regulators’ abrupt closure Sunday of Signature Bank following Silvergate’s shuttering last week knocked out the two biggest crypto-friendly banks and also means the ...
Really? That's weird. They should easily have that on hand at any given time. I haven't run into issues up to $80k cash.
Users who are viewing this thread
