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Forum » Silicon Valley Bank Shut By FDIC
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Thread: Silicon Valley Bank Shut By FDIC

post 1678698913 03-10-2023, 10:25 AM
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Silicon Valley Bank Shut By FDIC

Update:

Cliffs:

- a lot of banks are carrying unrealized losses due to the steep increase in interest rates



- SVB didn't hedge their bonds

- withdrawals forced them to realize their loss







Link:

***********



Link:




Banks make their money issuing loans, but people do not want to borrow at such high interest rates.

Also mentioned: the Federal Reserve was backstopping mortgages by purchasing mortgage backed securities from 2008 until February 2022. Once those purchases were halted banks were no longer guaranteed a return on home mortgages and once more had to assume some risk of default so > higher interest rates on mortgages > less demand for mortgages.
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post 1678699273 03-10-2023, 10:32 AM
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Originally Posted By katya422⏩
I also saw something saying that Credit Suisse is in a very bad way.
Credit Suisse dying has been a meme for like 2 years. ****ers just can't turn it around.
post 1678699433 03-10-2023, 10:35 AM
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Originally Posted By FinBra⏩
Credit Suisse dying has been a meme for like 2 years. ****ers just can't turn it around.
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post 1678700103 03-10-2023, 10:47 AM
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Inb4 Michael Burry told us and we didn’t listen


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post 1678700213 03-10-2023, 10:49 AM
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[QUOTE=ThatGuy950 post_id=1678700103]Inb4 Michael Burry told us and we didn’t listen


[img]https://media.gettyimages.com/id/103877830/photo/urry-predictor-of-mortgage-collapse-bets-on-farmland-gold.jpg?s=1024x1024&w=gi&k=20&c=tw9YW8Qwhg9rIOls-V55CzDdvW1MOeNFKoujaZxIBKc=/img][/QUOTE]I mean I can't say if this will spread, but there was that leaked video of the FDIC meeting where they flat out said there would be bank runs and bank failures, but they want to keep it from the public.

A video about that if you missed it:

[youtube]https://www.youtube.com/embed/mjMFwewWVMA[/youtube]


Same guy put up a video about bank runs 2 days ago:

[youtube]https://www.youtube.com/embed/4kvwGhuqq2A[/youtube]
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post 1678700293 03-10-2023, 10:51 AM
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Originally Posted By katya422⏩
I mean I can't say if this will spread, but there was that leaked video of the FDIC meeting where they flat out said there would be bank runs and bank failures, but they want to keep it from the public.
Feels a little like 2008 with another bank about that size that helped trigger it in wall street before it cascaded out of control, Washington mutual if you remember
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post 1678700343 03-10-2023, 10:52 AM
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Love this for them
http://forum.obnoxiousbrutes.com/showthread.php?t=159810801
post 1678700533 03-10-2023, 10:55 AM
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Originally Posted By ThatGuy950⏩
Feels a little like 2008 with another bank about that size that helped trigger it in wall street before it cascaded out of control, Washington mutual if you remember
I do remember WAMU. Had a checking account with them.

The two big consumer banks that I've been hearing are not stable are Wells Fargo and Bank Of America.
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post 1678700673 03-10-2023, 10:57 AM
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I hope they all collapse srs
post 1678700693 03-10-2023, 10:57 AM
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Originally Posted By katya422⏩
I do remember WAMU. Had a checking account with them.

The two big consumer banks that I've been hearing are not stable are Wells Fargo and Bank Of America.
Rip to everyone if one of those big boys goes down srs
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post 1678700763 03-10-2023, 10:58 AM
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post 1678700993 03-10-2023, 11:01 AM
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Surely this will be an isolated incident.

In completely unrelated news the number of applications for mortgages have hit their lowest numbers since 1995. Keep in mind the US population was about 20% lower in 1995 than it is now. Wells Fargo announced a couple of months ago that except for some niche potential clients they're pulling out of mortgages. 2023-24 are going to be "interesting."
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post 1678701273 03-10-2023, 11:05 AM
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I know ppl who just brought a house lol
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post 1678701343 03-10-2023, 11:06 AM
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lol at Cramer.

From comments on the bank run video:









Found a bitchute link too:https://www.bitchute.com/video/gwbXbO0A3XBz/
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post 1678701513 03-10-2023, 11:09 AM
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In for 35 youtube videos totaling 3 days of run time posted by mentally ill middle aged woman who was caught frauding pics.


I've realized why she screenshots videos and there comments. She doesn't actually watch them. Not possible. Not enough time in a day. She reads the comments and decides it's proof in her mind of whatever her latest CT is.
post 1678701753 03-10-2023, 11:14 AM
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I saw that


Its happening
post 1678701893 03-10-2023, 11:16 AM
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Big tech layoffs and not hiring

Startups can’t get their money from their bank to pay employees and hire

It’s over
post 1678701953 03-10-2023, 11:16 AM
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Originally Posted By ACEofBASED⏩
In for 35 youtube videos totaling 3 days of run time posted by mentally ill middle aged woman who was caught frauding pics.


I've realized why she screenshots videos and there comments. She doesn't actually watch them. Not possible. Not enough time in a day. She reads the comments and decides it's proof in her mind of whatever her latest CT is.
Oh, I watch them. That's how you get the red bar.




Didn't watch the new Ed Dowd one yet though.

I also read a good bit.

ETA: Posted this earlier today. Read about it last night. No video.

Shots Contaminated With e. coli Plasmids/DNA:
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post 1678703333 03-10-2023, 11:39 AM
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Originally Posted By LDARidonot⏩
It's happening. But is nonprime as bad as subprime, idk. Too much bubble economy and banks willing to lend in hopes that things will continue to be propped up like they've been
Something we need to remember is that the effective Fed interest rate was zero from 2009-2016 and 2020-2022. There are lots of bubbles that have formed as a result. Just a few days ago it seemed the FR was going to raise rates by 50 points at their next meeting but with financial contagion entering the game that may not happen.
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post 1678703633 03-10-2023, 11:43 AM
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Originally Posted By frankdtank20⏩
Something we need to remember is that the effective Fed interest rate was zero from 2009-2016 and 2020-2022. There are lots of bubbles that have formed as a result. Just a few days ago it seemed the FR was going to raise rates by 50 points at their next meeting but with financial contagion entering the game that may not happen.
I agree, further feeding the bubble monster.
post 1678703913 03-10-2023, 11:46 AM
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fear mongers in here. lol.
post 1678704133 03-10-2023, 11:49 AM
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Originally Posted By fate0311⏩
fear mongers in here. lol.
It's far easier to operate in one extreme or the other than exist in a moderate reality. The sky is not falling rn.

Silicon Valley though after being fed by all these years of basically free money, that sector is likely in for more rough times
post 1678704213 03-10-2023, 11:50 AM
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Never heard of this bank before today, now everyones talking about it

Probably another psyop
post 1678704773 03-10-2023, 11:57 AM
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Originally Posted By katya422⏩
I mean I can't say if this will spread, but there was that leaked video of the FDIC meeting where they flat out said there would be bank runs and bank failures, but they want to keep it from the public.

A video about that if you missed it:




Same guy put up a video about bank runs 2 days ago:

Strong fear porn. That retard has been uploading the same video everyday for years, lol at taking his grift seriously.
Never take it personal, even when it is.

HTC
post 1678705123 03-10-2023, 12:04 PM
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Originally Posted By fate0311⏩
fear mongers in here. lol.
Originally Posted By Destor⏩
It's far easier to operate in one extreme or the other than exist in a moderate reality. The sky is not falling rn.

Silicon Valley though after being fed by all these years of basically free money, that sector is likely in for more rough times
Not scared, just watching the show.




Don't have any money, but I am curious how this story will play out.
Originally Posted By Imaneya⏩
Strong fear porn. That retard has been uploading the same video everyday for years, lol at taking his grift seriously.
Well I will give you that like many youtubers he does tend to hit the "scary" note with his thumbnails, but when you watch it's mostly a news recap except since he is in the UK he often has articles about happenings that aren't getting covered in US media.

The FDIC video leak looks real and AFAIK there was no official statement put out claiming it was fake. Is it a secret that some banks have significant derivatives exposure? That holding loans on your books which are paying a lower interest rate than current inflation is a losing position?
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post 1678705543 03-10-2023, 12:11 PM
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Originally Posted By MiscValuePlayer⏩
Never heard of this bank before today, now everyones talking about it

Probably another psyop
There are like 4000+ banks in the US. You just only hear about the big ones that are publically traded and/or advertise to retail.
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post 1678705713 03-10-2023, 12:14 PM
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Originally Posted By fate0311⏩
fear mongers in here. lol.
Low to moderate fear is appropriate. We're living in what many have termed "the everything bubble" for a few years and of course nothing can last forever. It's times like these and the coming months that make me wonder why normal people invest in anything but ETFs and a small amount in individual stocks. No way we're about to see a repeat of 15 years ago. I think we're in for it being much less severe than that, but more severe than the dot com crash.
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post 1678705913 03-10-2023, 12:18 PM
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Originally Posted By katya422⏩
Oh, I watch them. That's how you get the red bar.




Didn't watch the new Ed Dowd one yet though.

I also read a good bit.

ETA: Posted this earlier today. Read about it last night. No video.

Shots Contaminated With e. coli Plasmids/DNA:
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I gave him the red bar
post 1678706093 03-10-2023, 12:21 PM
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Originally Posted By JoshSP1985⏩
There are like 4000+ banks in the US. You just only hear about the big ones that are publically traded and/or advertise to retail.
Fair point. The feds have a big presence in silicon valley

They probably wouldn't want to tank one of their own banks

Unless they were money laundering, but they have other methods for that
post 1678706133 03-10-2023, 12:21 PM
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16th biggest bank in US.


lmk when we get to the Elite Eight
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