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OfflineCHeifM4sterDiezL
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Registered: 07/28/10
Posts: 22,529
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Re: Silicon Valley Bank Collapse [Re: nooneman] * 1
    #28228317 - 03/13/23 06:52 PM (10 months, 10 days ago)



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Offlineashfiken
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Registered: 09/06/06
Posts: 3,072
Loc: SCranton
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Re: Silicon Valley Bank Collapse [Re: nooneman]
    #28228320 - 03/13/23 06:53 PM (10 months, 10 days ago)

Did you see that third bullet point in that article the Fed will "loan" ie bailout banks as they become insolvent with "high" quality collateral, like the treasuries the banks own..
Lmfao:sploosh:
These same treasuries that are purportedly junk bonds, bc the banks bought em when rates were nothing and 2% was attractive on the 1-3 yr.
And now they are holding a bag.
But no worries the biggest bank of them all will bail them out, which then falls onto the backs of the American ppl, inflation, if this is the case we ain't seen nothing yet


--------------------
hmm...

"I'm naked and fearless... And my fear is naked."

"life isn't worth living without the threat of death"

"I got my plans in a ziploc bag, let's see how unproductive we can be"

"nobody lives their lives fully except for bull fighters"

My Trade List


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Invisiblenooneman
Male

Registered: 04/24/09
Posts: 14,555
Loc: Utah
Re: Silicon Valley Bank Collapse [Re: ashfiken]
    #28228435 - 03/13/23 08:25 PM (10 months, 10 days ago)

The downside to not bailing them out is that basically every startup in America would fail overnight, probably putting tens of thousands of out a job. Then ontop of that, it would cause the economy as a whole to tank.

Etsy and everyone who sells there? All out of business overnight. So it's a shitty situation either way.

Personally I'm more of a free market kindof guy and inclined to let banks fail in situations like this, but I also like having a job and not being in a recession, so...

Plus I do like etsy and some other startups here and there.


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OfflineCHeifM4sterDiezL
Chief Globerts

Registered: 07/28/10
Posts: 22,529
Loc: United States Flag
Last seen: 57 minutes, 31 seconds
Re: Silicon Valley Bank Collapse [Re: nooneman]
    #28228457 - 03/13/23 08:32 PM (10 months, 10 days ago)

Hiw the fuck is etsy a start up they've been around for like 20 years :facepalm:


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Invisiblemycosis
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Registered: 08/20/07
Posts: 19,727
Loc: USSA Flag
Re: Silicon Valley Bank Collapse [Re: CHeifM4sterDiezL]
    #28228503 - 03/13/23 09:19 PM (10 months, 10 days ago)

For the low low price of $13.79 Original Price:$22.99 (40% Off) you too can have your own etsy startup! :cookiemonster:

https://www.etsy.com/market/etsy_startup


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Offlineashfiken
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Re: Silicon Valley Bank Collapse [Re: nooneman]
    #28228874 - 03/14/23 05:24 AM (10 months, 9 days ago)

Agree on all fronts it's definitely a rock and a hard place.
Any solution places stress on the economy, kinda where we are right now, unfortunately.
It takes lots of taped up popsicle sticks to prop up the house of cards.
Being free market, as i tend to be, even if we let the banks fail, the market is bludgeoned,  via available credit, and the economy as we know it stalls all growth and sends us somewhere we ain't been since the 20's


--------------------
hmm...

"I'm naked and fearless... And my fear is naked."

"life isn't worth living without the threat of death"

"I got my plans in a ziploc bag, let's see how unproductive we can be"

"nobody lives their lives fully except for bull fighters"

My Trade List


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OfflineSirTripAlot
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Registered: 01/11/05
Posts: 7,459
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Re: Silicon Valley Bank Collapse [Re: ashfiken]
    #28228888 - 03/14/23 05:53 AM (10 months, 9 days ago)

Banks should be regulated to have higher liquidity reserves....current marginal rate is 10%. Obviously, these institutions are playing fast and loose.


--------------------
“I must not fear.
Fear is the mind-killer.
Fear is the little-death that brings total obliteration.
I will face my fear. I will permit it to pass over me and through me.
And when it has gone past I will turn the inner eye to see its path.
Where the fear has gone there will be nothing. Only I will remain.”


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OfflineRandar
Model Employee
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Registered: 01/18/23
Posts: 192
Loc: Chicago, IL
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Re: Silicon Valley Bank Collapse [Re: SirTripAlot]
    #28229006 - 03/14/23 08:23 AM (10 months, 9 days ago)

There need to be rules that the government can claim executive compensation if they have to step in. Otherwise, the executives have no skin in the game. It's win-win for them. Play risky and make big profits = win. Play risky and lose money, but still get paid and huge bonuses = win.


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Offlinekoods
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Re: Silicon Valley Bank Collapse [Re: Randar]
    #28229042 - 03/14/23 08:47 AM (10 months, 9 days ago)

Neither of these banks exist anymore. The executives are out of a job and shareholders are wiped out. FDIC is managing the accounts.


--------------------
NotSheekle said
“if I believed she was 16 I would become unattracted to her”


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Offlinechristopera
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Registered: 10/13/17
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Re: Silicon Valley Bank Collapse [Re: CHeifM4sterDiezL]
    #28229100 - 03/14/23 09:23 AM (10 months, 9 days ago)

Quote:

CHeifM4sterDiezL said:





What's up with all these mushroom chocolates hitting the market? I assume it's a DMT analogue? My friend bought like 8 bars from some chicks we met at a show and then ended up partying with. Anyways, the high wasn't a mushroom high. It was quite pleasant, but definitely not mushrooms.


--------------------
Enjoy the process of your search without succumbing to the pressure of the result.

A Dorito is pizza, change my mind.

Bank and Union with The Shroomery at the Zuul on The internet - now with %'s and things

I’m sorry it had to be me.


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OfflineRandar
Model Employee
Male


Registered: 01/18/23
Posts: 192
Loc: Chicago, IL
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Re: Silicon Valley Bank Collapse [Re: koods]
    #28229138 - 03/14/23 10:00 AM (10 months, 9 days ago)

Quote:

koods said:
Neither of these banks exist anymore. The executives are out of a job and shareholders are wiped out. FDIC is managing the accounts.




Yes, I'm sure the executives are really hurting right now because they're out of a job. The president and CEO had a total comp package of $9.9M. I'm sure he's so sad not to have a job, whatever will he do now?


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OfflineThe Ecstatic
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Registered: 11/11/09
Posts: 33,357
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Re: Silicon Valley Bank Collapse [Re: Randar]
    #28229155 - 03/14/23 10:16 AM (10 months, 9 days ago)

Just wanna chime in and point that Barney Frank (of the Dodd-Frank bank reform bill in the wake of the 08 crisis) lobbied to get these deposit rules lessened for medium sized banks, and as a result his own bank went under.


If that isn’t Democrats in a nutshell idk what is


--------------------


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OfflineKryptos
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Re: Silicon Valley Bank Collapse [Re: ashfiken]
    #28229261 - 03/14/23 11:45 AM (10 months, 9 days ago)

Quote:

ashfiken said:
Did you see that third bullet point in that article the Fed will "loan" ie bailout banks as they become insolvent with "high" quality collateral, like the treasuries the banks own..
Lmfao:sploosh:
These same treasuries that are purportedly junk bonds, bc the banks bought em when rates were nothing and 2% was attractive on the 1-3 yr.
And now they are holding a bag.
But no worries the biggest bank of them all will bail them out, which then falls onto the backs of the American ppl, inflation, if this is the case we ain't seen nothing yet




Which means that the banks are, in fact, mostly solvent. They got hit with an old fashioned bank run because startups have notoriously poor money management and tend to put their eggs all in one basket.

The fact that the bank is heavily invested in T notes means that 99% of the money is there and can be recovered.

Well, assuming that the US doesn't default on its debts and make T notes worthless overnight.


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Offlinestarfire_xes
I Am 'They'
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Registered: 10/24/09
Posts: 21,590
Loc: Dallas with all the assho...
Last seen: 7 months, 6 hours
Re: Silicon Valley Bank Collapse [Re: Kryptos]
    #28229365 - 03/14/23 01:02 PM (10 months, 9 days ago)

No I don't think so.  The banks are over leveraged in loans. 

I think another bank went down in flames over the weekend.

Get ready for some big interest rates from the fed.  Look for stagflation.

I don't about you, but now our economy is fucked, high inflation, high interest rates.
 
Inflation, and somewhat like now we have the situation like 1979, and more or less like the 2008-2009 economy.

What caused the problems of the economy 2008-2009?


--------------------


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OfflineCHeifM4sterDiezL
Chief Globerts

Registered: 07/28/10
Posts: 22,529
Loc: United States Flag
Last seen: 57 minutes, 31 seconds
Re: Silicon Valley Bank Collapse [Re: Kryptos]
    #28229369 - 03/14/23 01:04 PM (10 months, 9 days ago)

Chocolates might be real deal but any gummies u see are almost guaranteed to be some kinda RC. I've also seen those like brain booster shroom Chocolates supplements and even amanita muscaria chocolates which use an infusion with milk which I've never actually tried with psilocybin and muscaria gummies which I assume use some type of tincture but could be total bunk cuz i would ever eat those and all them are labeled not for human consumption i suspect theyre not even legal as theres not really a reasonable plausible deniablity to selling fucking candies not for human consumption and wont last long then again I doubt there's much enforcement but all it will take is a few kids flipping out on amanita gummies ending up in the hospital for the mighty moms to get thier panties in a bunch :rolleyes:


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OfflineCHeifM4sterDiezL
Chief Globerts

Registered: 07/28/10
Posts: 22,529
Loc: United States Flag
Last seen: 57 minutes, 31 seconds
Re: Silicon Valley Bank Collapse [Re: starfire_xes]
    #28229378 - 03/14/23 01:09 PM (10 months, 9 days ago)

Quote:

starfire_xes said:
No I don't think so.  The banks are over leveraged in loans. 

I think another bank went down in flames over the weekend.

Get ready for some big interest rates from the fed.  Look for stagflation.

I don't about you, but now our economy is fucked, high inflation, high interest rates.
 
Inflation, and somewhat like now we have the situation like 1979, and more or less like the 2008-2009 economy.

What caused the problems of the economy 2008-2009?




What dewd get off the right wing dooms day radio the economy is much more robust than in 79 and banks have more liquidity now than almost ever. 2008 was a MASSIVE mortgage lending bubble what were seeing with svb is totally different. :facepalm:


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Offlinestarfire_xes
I Am 'They'
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Registered: 10/24/09
Posts: 21,590
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Re: Silicon Valley Bank Collapse [Re: CHeifM4sterDiezL]
    #28229383 - 03/14/23 01:11 PM (10 months, 9 days ago)

Give me a fucking break!


--------------------


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OfflineCHeifM4sterDiezL
Chief Globerts

Registered: 07/28/10
Posts: 22,529
Loc: United States Flag
Last seen: 57 minutes, 31 seconds
Re: Silicon Valley Bank Collapse [Re: starfire_xes]
    #28229435 - 03/14/23 01:39 PM (10 months, 9 days ago)

SVB fell a billion dollars short but was likely totally fine on liquidity until a bunch of retards caused a panic. The sub prime mortgage crisis was in the trillions :facepalm:


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OfflineKryptos
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Re: Silicon Valley Bank Collapse [Re: CHeifM4sterDiezL]
    #28229507 - 03/14/23 02:24 PM (10 months, 9 days ago)

SVB is explicitly not over-leveraged. SVB is actually in a much stronger position than most banks regulated by dodd frank are.

Unfortunately, bank runs cannot be prevented without collapsing the banking industry as a whole, because you can only do that by requiring banks to have 100% cash on hand, which means they cannot make loans.


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Offlineashfiken
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Re: Silicon Valley Bank Collapse [Re: Kryptos]
    #28229562 - 03/14/23 03:08 PM (10 months, 9 days ago)

I agree they are mostly solvent.
I also think the bonds they have been buying now look like trash. On the rate split.
My worry isn't the solvency it's the bailout verbiage that kills me.
If they are forced to sell or give up collateral to the fed, in exchange for dollars on hand, then the inflation crisis becomes exacerbated. If for any reason dumbasses continue to panic, this becomes a reality.


--------------------
hmm...

"I'm naked and fearless... And my fear is naked."

"life isn't worth living without the threat of death"

"I got my plans in a ziploc bag, let's see how unproductive we can be"

"nobody lives their lives fully except for bull fighters"

My Trade List


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