SVB is Now In the Hands of the FDIC

[Blown 89]

this whole deal is a lot more serious than people are understanding

This.

Aren't there some active bets among members here?

 

[Klaus]

What a sec.

Is that you posting on Twitter or are we saying someone other than Dale uses the term Putler?

If it’s the latter, that means there is a cult of ukosimps.


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Lol. as if dale is capable of original thinking

 

[VegasMichael]

this whole deal is a lot more serious than people are understanding

I'm not so sure about that. I think it might be overblown.

 

[BlckBox04]

I'm not so sure about that. I think it might be overblown.

I hope so

 

[Klaus]

I'm not so sure about that. I think it might be overblown.

It is not overblown. Shit is about to get real.

 

[Deceptive]

Depression, here we come! Hopefully Biden voters start offing themselves followed by politicians and Wall Street people.


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[Klaus]

Klaus, is now the time to sweep my accounts under 250??? Vio, ally, UFB direct??? Where do I go....Too old to start over...

You should not have any bank accounts over 250 at any time.

 

[jshen]

You should not have any bank accounts over 250 at any time.

Thank you very much for the response.

 

[Klaus]

US weighs new fund to backstop deposits if more banks fail, Bloomberg News says

The U.S. Federal Reserve and the Federal Deposit Insurance Corp are weighing the creation of a fund that would allow regulators to backstop more deposits at banks that run into trouble in the wake of Silicon Valley Bank's collapse, Bloomberg News reported on Saturday.

www.reuters.com

 

[Klaus]

LOL good

 

[MG0h3]

LOL good

Omfg you just made my day. Maybe my year.

I had tears of joy (lmfao) when they gave a Woman of Courage award to a dude.

This may take 1st place. I mean we only have like 10yrs left. Fukt.




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[DSG2003Mach1]

LOL good

So there really is a silver lining to everything

 

[supercharged91m]

You should not have any bank accounts over 250 at any time.

I guess 3/4 of SVT has some business to take of

 

[Klaus]

FRB, come on down

Customers line up outside First Republic Bank to take their money out

On Saturday, dozens of customers were shown lining up outside of a First Republic Bank in southern California, eager to withdraw their funds in the wake of the collapse of SVB this week.

www.dailymail.co.uk

 

[Silverstrike]

Oh let the dominoes start to fall.

 

[MG0h3]

****. Neighbor one on side moved out. House for sale.


Broad on the other side gut her guts tied and hasn’t been eating much.

Gonna have to expand my food plan I guess.


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[Weather Man]

Depending on what futures look like, I wonder if the powers that be declare a banking trade holiday to let things calm down. They could play it a couple different ways.

 

[CobraBob]

You should not have any bank accounts over 250 at any time.

THIS!!!!!!!!!!

 

[Relaxed Chaos]

This is a pretty good summary of what happened to SVB.

The Death of Silicon Valley Bank

What We Know So Far about The Second-Biggest Bank Failure in American History

www.apricitas.io

 

[BrunotheBoxer]

Two questions for my good friend @Klaus

Why would they buy $80B of bonds at 1.5% yield when rates were at all time historic lows rather than just buying t bills with a 1% yield?

On February 14, 2023 Forbes Magazine rated Silicon Valley Bank the #1 bank in America. How? And how can we trust Forbes ever again?


I asked my financial adviser these same two questions, my best friend and comandante, my wife and want to compare notes.

Klaus is the only one on here I would trust with MY Monies.