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Forum » Silicon valley Bank stock down 60% today. Run on bank commencing
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Thread: Silicon valley Bank stock down 60% today. Run on bank commencing

post 1678658823 03-09-2023, 05:11 PM
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Silicon valley Bank stock down 60% today. Run on bank commencing

SvB getting wrecked. Its happening boyos.
Babygigacuck...where you at?
post 1678659173 03-09-2023, 05:15 PM
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  1. BrianDaMan
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Silvergate (big bank in crypto space) collapsed yesterday. SVB is also big for crypto startups
post 1678660913 03-09-2023, 05:45 PM
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Originally Posted By BrianDaMan⏩
Silvergate (big bank in crypto space) collapsed yesterday. SVB is also big for crypto startups
post 1678661443 03-09-2023, 05:54 PM
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  1. Destor
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This is why I only bank through Federated Cryptomoggers, I know my funds are safu there
post 1678661613 03-09-2023, 05:57 PM
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  1. mulletwarrior
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Yeah this is pretty nuts. Shocked that VCs are actually running on the bank.

To be clear, SVB is super legit and respected. This isn't some FTX crypto bullchit. They are a legit bank. Pretty nuts to see ppl make a run on them.
mo e
post 1678661793 03-09-2023, 06:00 PM
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Tempted to take a gamble and buy with the assumption that the gov't will bail them out.
"For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life." (John 3:16)

https://www.youtube.com/watch?v=Wh1VU-_OF98
post 1678662003 03-09-2023, 06:04 PM
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Originally Posted By mulletwarrior⏩
Yeah this is pretty nuts. Shocked that VCs are actually running on the bank.

To be clear, SVB is super legit and respected. This isn't some FTX crypto bullchit. They are a legit bank. Pretty nuts to see ppl make a run on them.
I’ve never heard of this bank before but their apparent involvement in the garbage SPACs during the pandemic would make me question any respect there.

SPACs and the people pushing them were maybe a notch or two less bad than NFTs and crypto
post 1678662023 03-09-2023, 06:04 PM
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Do yourself a favor and get at least 1 GME share.

They are the way.
post 1678662423 03-09-2023, 06:10 PM
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#9
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Originally Posted By Destor⏩
I’ve never heard of this bank before but their apparent involvement in the garbage SPACs during the pandemic would make me question any respect there.

SPACs and the people pushing them were maybe a notch or two less bad than NFTs and crypto
Yeah - SPACs have always been chit tier on wall street. 2020 / 2021 was a weird year where ppl decided SPACs were cool for some reason.

I def don't mean that SVB is JPM or anything, but they def are not FTX or some chit. They are a legit bank that was respected in the industry. Crazy to see a run being made on a legit bank.
mo e
post 1678662753 03-09-2023, 06:18 PM
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Originally Posted By 1hardgainer⏩
Tempted to take a gamble and buy with the assumption that the gov't will bail them out.
Jury is out on this one.

Cannot tell if CEO is part of the juice tribe.

If part of the juice tribe, I'd buy a few hundred shares.

Not part of the tribe? No fooking way.
Misc Entrepreneur Crew
post 1678687633 03-10-2023, 06:53 AM
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Stock down another 60% premarket. Itsovervincecarter.gif
post 1678687893 03-10-2023, 06:59 AM
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#12
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stupid ****gts just buy the dip !!!!!!!!!!
post 1678688103 03-10-2023, 07:03 AM
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The only bank stock I mingle with is PNC. For a long time, it's always been reliable to stay above $145. Now it's at $137 ($134 in pre-market). All banks are getting hit hard
post 1678688973 03-10-2023, 07:27 AM
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f**k 'em. let 'em burn.
post 1678696193 03-10-2023, 09:49 AM
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"FDIC: SVB BANK CLOSED BY CALIFORNIA REGULATOR'


literally its over boyos
post 1678696493 03-10-2023, 09:53 AM
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Originally Posted By kengriffeyjr24⏩


"FDIC: SVB BANK CLOSED BY CALIFORNIA REGULATOR'


literally its over boyos
Silicon Valley Bank Bank

also sweet jesus
post 1678696733 03-10-2023, 09:56 AM
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#17
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God damn imagine shorting some of these just a couple days ago. Was thinking about it yesterday.
post 1678697543 03-10-2023, 10:07 AM
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Originally Posted By Humungus⏩
God damn imagine shorting some of these just a couple days ago. Was thinking about it yesterday.
In for a bunch of focus put on disclosed or claimed short positions while most people don't appreciate that big short positions are likely part of a hedged strategy

Fun to imagine winning the lottery though for sure
post 1678698203 03-10-2023, 10:15 AM
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You're gonna see these get targeted one by one. Once there's a call for a bank run these things can fall so easily right now.
post 1678698343 03-10-2023, 10:17 AM
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Originally Posted By BrianDaMan⏩
Silvergate (big bank in crypto space) collapsed yesterday. SVB is also big for crypto startups
SVB was big in MBS.
post 1678699363 03-10-2023, 10:34 AM
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Holy chit fdic kicked in. That only covers up to 250k. Hope no one has their pension in there.
Motorcycle crew
Army veteran crew
One Meal a day crew
post 1678699653 03-10-2023, 10:38 AM
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#22
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Originally Posted By Kev1972⏩
Holy chit fdic kicked in. That only covers up to 250k. Hope no one has their pension in there.
So this means $250k is insured right off the bat, and then uninsured amounts above $250k would likely need to come from further liquidation of assets?


Fuaaaaark
post 1678699733 03-10-2023, 10:40 AM
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aaaaaaaaaaaaaaaand it's gone
***NEUTRAL CREW*** ™
post 1678699893 03-10-2023, 10:42 AM
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Shades of September 2008?
post 1678699923 03-10-2023, 10:43 AM
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post 1678699973 03-10-2023, 10:44 AM
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Originally Posted By fate0311⏩
Error 403 Forbidden
Forbidden

Error 54113
Details: cache-nyc-kteb1890035-NYC 1678470265 1670737926

Varnish cache server
post 1678700353 03-10-2023, 10:52 AM
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2009 60 Minutes clip on a bank collapse/FDIC takeover. The Feds walk in at 3:20

post 1678700633 03-10-2023, 10:56 AM
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Originally Posted By Destor⏩
So this means $250k is insured right off the bat, and then uninsured amounts above $250k would likely need to come from further liquidation of assets?


Fuaaaaark
If you are an average person you won’t see a dime for years or none at all
http://forum.obnoxiousbrutes.com/showthread.php?t=159810801
post 1678700913 03-10-2023, 11:00 AM
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They'll get a bailout

The taxpayers will foot the bill

Imagine if you made a dumb decision at work and someone else bailed you out and paid for it

You'd never learn

This country is in serious financial trouble

Biden is the dumbest mfer to ever walk in Washington
post 1678701063 03-10-2023, 11:02 AM
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Originally Posted By wasp9166⏩
They'll get a bailout

The taxpayers will foot the bill

Imagine if you made a dumb decision at work and someone else bailed you out and paid for it

You'd never learn

This country is in serious financial trouble

Biden is the dumbest mfer to ever walk in Washington
boy you better watch how you talk about our father from scranton
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