/biz/ - Business & Finance

>>54023757
first

>>54023757
ok

Nothingburger.

Did this really need a sticky?

Shit thread

>>54023781

>>54023757
wat mean dis?

a thread died for this

>>54023757
Niggers

Mods=fags

ITS OVER

>>54023757
Posting in a sticky
NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER
NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER
NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER NIGGER

>sticky
>only 9 replies
jesus christ this board is dead

>>54023757
It's been 8 hours.

>>54023757
If you have usdc GET OUT NOW.

I miss them

ok, thanks Mr. Mod. Anyway...

>>54023839
Holy shit

HERE WE GO AGAIN

ALL BOARDS, REPORT IN

>no liquidity?

isnt this what weve been talking about all day? did something change?

bump

All of your deposits will be fully FDIC insured and backed by the federal government, wholly redeemable as CDBC

>>54023857
/sp/ here. Liquidating my portfolio and putting it on the lakers over

i have less than $100 dollars in my bank account right now
am i safe?

beware the goose is loose

>>54023757
What other banks are likely to affected by this? Is it safe to just my long term puts on regional banks. I mean if any banks are getting bailed out it'll be the big ones not the regional ones

>>54023757
lol, lmao

>>54023839
me too man, me too

sticky deez nutz

>>54023789
You'll be singing a different tune come Monday morning. Enjoy your weekend

>>54023887
>Is it safe to just my long term puts on regional banks that tend to get acquired by larger entities such as SVB
no

>>54023757
Nice knowing you guys

POSTING IN EPIC BREAD

>>54023931
Wouldn't that mean puts on regional banks are bullish

>>54023757
Good riddance, wonder why another bank didn’t buy. Funny how it was MBS and California again that are the canary in the coal mine, huh?

>>54023757
old news

Niggerposting in a sticky.

inb4 the kikes 'refund' everyone via CBDC

>>54023788
>>54023791
HEEEM SLEEPY
>>54023789
This is 2008 on roids

Does TLT go up if the fed pivots?

>>54023757
Done in by the VC community. The very community it helped for so long.

Oh well.

What's that?

The FDIC only has a fraction of their stated reserves and wargames concluded FDIC didn't have enough to bail? And the commercial banks have a 0 reserve system in the U.S.?

Bruhs help me out here, is this bullish for the U.S. in a 1772 Credit Crisis Contagion?

GEE BOOMERS, HOW COME YOUR MOM LETS YOU FUCK OVER THE NEXT GENERATION WITH TWO FINANCIAL COLLAPSES?

>>54023968
Faggot jannies really deleted my nigger post lol

Big if true

>>54023757
who the fuck cares? why is this pinned lmfao

>>54023887
noone short term probably except for overleveraged banks in securities. They had 150 bil of equities on the balance sheet which are presumably going to be liquidated so there will be selling pressure. Other banks that did a similar thing would likely get the same treatment but the ripples in the broader economy could be serious. You never know until it happens.
One thing that is obvious is this is the first more major event to occur and very likely not the last of this overleveraged cluster cunt fuck of an economy. The only way to get back to normality is to pop the imaginary wealth bubble. Bring the pain.

It begins

tru if bigg

Maybe you could tell me what is going on. And please, speak as you might to a young child, or a golden retriever.

>>54023757
$175b deposits, $200b assets as of 12/22
Will they cover their uninsured deposits? If not, where would the liquidated assets go?

>>54023757
>some random crypto bank goes broke
who cares. mods are fags

guarantee the bank was like this to their customers
>umm no sweatheart you cant invest in crypto
>umm no sweatheart you cant transfer to these banks
>umm no sweatheart you can't withdraw until the next business day
>umm no sweatheart you have to visit us in person to do something to your account

and the npcs investing there are like
>nooo why is my best bank in the world shutting down???

Doubt my life is changing much

Post the song you're vibing to while the economy collapses
https://www.youtube.com/watch?v=HB-eSM5qXQE

>>54024064
Insurer takes it and sells it off to repay whatever they can to the customers

>>54024064
If the situation gets too hot, the liquid just evaporates

>>54024073
SVB was mostly handling cash and payroll for a shitload of Silicon Valley startups. They got heemed because most of their reserves were low rate treasuries and JPow cranked rates high enough to destroy the value of their old bonds.

this is what healthy, sustainable growth looks like

>>54024072
this is just a regular bank

Postin in da stickie

>>54024080
https://www.youtube.com/watch?v=rQiHzcdUPAU

>>54024086
Customers as in depositors? Anyone holding stock is fucked right?

>>54024064
no under 250k accounts are wiped out. Uninsured accounts get a certificate that they may get paid out upon bankruptcy but that will take a long time.
Also fuck tranny jannies for deleting my image cope seethe dliate you will never be a woman and niggers tongue my anus

>>54024080
https://www.youtube.com/watch?v=Xa_O05TpIw4

Random af, but there is something about 90's trance that is so KINO. I dont know how or why I discovered these Rave Mission albums, but fuck they are good.

>>54023857
/tv/ standing by. Just here for the chaos kino.

>>54023757
https://archive.is/Os1Nr
context

https://twitter.com/MoonMarket_/status/1634297545860997122

Who profits from this?

>Another black woman as the economic experts
LMFAO

>>54024139
Yes depositors:
If you deposited over 250 000$, read the article in the stickied as it has a phone number you can call if you had more than 250 000$ deposited.
If you own stocks then there is a separate matter involving bankruptcy matters, where you will get some money back - but I am not very familiar with How that works.

>>54023857
/sci/ here monitoring the countown

you guys want to laugh?
look at the FDIC balance sheet

>>54023789
Yes. FDIC can MAYBE cover the losses this one bank generated. If one more fails, nobody is getting their money back in the even of catastrophe.

>>54024205
people with sqqq

kanye was right

>>54023857
/po/ getting ready for the fall.

So many huge happening ended up being nothingburgers I don't even know anymore. Maybe they can actually print their way out of everything. Maybe it is actually a new paradigm. Maybe it is different this time

>Sticky
It's over

Just curious should leafs be concerned?

XRP schizos were right all along weren't they.

>>54024282
Yes.

A biz sticky? Now I can post about candlejac

I hope all the dog coins go to 0

the major banks have enough cash on hand since 2008 QE began. trash overleveraged banks like svb deserve to die and it will only hurt tech cucks

>>54024319
>will only hurt tech cucks
That's what S&P is

>Silicon Valley Bank is the first FDIC–insured institution to fail this year.
What did they mean by this?

>>54023757
rolling for a bloody monday

N

>Only 1000 replies

biz is dead

>>54024333
everyone with a brain exited non-value stocks in january last year when things were getting sketchy. much of the value within the s&p shifted around like that as well, which is why broad market losses were so dampened.

>>54023857
/int/tard one here

>>54024282
>>54024301
How does this affect maplesyrupistan?

>>54024319
>the major banks have enough cash on hand since 2008 QE began.
They actually don't. Zero reserve requirements plus ZIRP equals extreme fuckery with leverage and derivatives again.

stickyyyyy!!!

>>54024359
barely 100 , adjust your glasses anon

>>54024205
whatever god jim cramer pissed off

If shit hits the fan will there even be a bailout

/pol/tard here, guess who orchestrated this...

>>54024380
>Zero reserve requirements plus ZIRP equals extreme fuckery with leverage and derivatives again.
no. you can easily look up how leveraged banks are in terms of total assets over cash on fred. the big banks are all way less leveraged than in 08.

>dead sticky

>>54024379
The whole west coast from the Gay Area up to Vancouver is one big interconnected bubble economically, plus our banking system and your banking system are interconnected a bunch of places due to all the cross-border commerce.

>>54024404
in the form of cbdc's , we're in the endgame now biz

Everyone stop posting. The mods are fags.

>>54023757
what does this mean?

>>54024405
Actually this is fucking them over, normal people are fine up to the 250k FDIC insurance limit

>>54024404
Not for white people

>>54024072
>second biggest bank collapse in American history
>who cares

Also this was not a crypto bank, it’s been around for over 40 years

Anyway ...
Can you recommend me a 1000x gem crypto?

>>54024223
>muran borrowind

>>54023757
Postin in ebin stigy :DDDD

>>54024335
>this year

>>54024442
XRP

Schizos are always right.

>>54023757

>>54023757
SVB can go under but chinese realtors are just fine despite being in even more debt

Where are you guys storing your cash? I’m sitting on 150k and shitting bricks right now….

>>54023799
Impressive

>>54023857
/tv/ here sending in the liquidators.
Glory to the Soviet Union!

Hi mom, i just posted in the sticky. Yes, hyperinflation soon. See ya

>>54024434
>normal people are fine up to the 250k FDIC insurance limit
They're fine until the kikes decide they are going to only pay back in CBDC

>>54024442
chainlink

>>54024415
>The whole west coast from the Gay Area up to Vancouver
Vancouver is very much part of the Gay Area

>sticky for a nothingburger

>>54024555
Not geographically, that was a dig at the San Francisco Bay Area.

Hope you niggas are prepped.

So, does the receiver pass off to the quarterback for a touchdown?

Should I actually be panicked or are you guys just funposting?

>sicky
>less than 120 replies
>dont even have to make the less than 300 posts bait
I guess jeets got orders to no shill in a sticky

>>54024577
stocked up on rations today. dont have a gun but i have a katana and i know how to use it

>>54024558
Cope

>>54024217
Shhhhiiiiiiiiieeeeet

>>54024577
Wait an average burger can own FMJ's?

QRD: SVB was trying to make ends meet by using mortgage rates they were only making 1.5% on. Yellen decided she was going to raise rates so treasury yields are higher. THUS, we have this collapse. Not only did they do low rate mortgages, they also do silicon valley startups and VC funding. Anyway, The fed came in yesterday and tried to find a fucking buyer for these 1:20 leveraged fucks and couldn't. Now we are here with the 2nd largest bankruptcy in the world.

>>54024577
i invested in something with real value.

I can't believe how many companies put their money in this retarded bank, feels sketchy to me

>>54024607
diabetes will kill you way before any looter will so no need for ammo kek

>>54024636
>Yellen decided she was going to raise rates so treasury yields are higher. THUS, we have this collapse.
Woman moment

>>54023857
/a/ here

>>54024073
>umm no sweatheart you cant invest in crypto
It literally did that. They closed the account of a crypto founder and asked him to move his funds elsewhere after ftx's collapse.

https://twitter.com/gregosuri/status/1634255556843274245?cxt=HHwWioDQnaaxha4tAAAA

>>54023857
/pol/ chud reporting in, although I like /biz/ better and only lurk on /pol/ nowadays.
Is this an actual bankrun? If so, can this leak out to other banks?
Luckily I don't keep any money in a bank so I don't give a fuck, if it makes BTC cheaper then let's fucking go.

>>54024283
>>54024468
imagine not having at least 1,000 XRP. you had 10 fucking years. LMAO

>>54024643
Based and deenzpilled. I also have a stack.

>>54023857
/pol/ reporting in o7

>>54023757
https://archive.is/ul6NA

>>54024359
Ironic because biz actually is really dead

>>54024643
>not longing wine herring
kek poorfag

>>54023882
>the goose is loose
Haven't thought of Larry in years. This brought back old memories.

>make money
>put money in bank
>something happens
>money disappears

>>54024618
Yeah FMJ's are probably the most common ammo here

>>54024686
the bank is ded but people with 250k or less are fdic insured. If people had more then that in an account they should have put that money in another bank

>>54023799
Kinda reminds me of a fat Dark Souls boss

So uh, is it happening?
Should I just withdraw all my savings?

>>54024600
depends on your positions. this is bad for tech meme shit and other meme banks like svb but shouldn't really touch value or solid banks much. you obviously never know for sure with unintuitive ripple effects (e.g. svb -> tech meme shit -> nonbank financials), but cash in normal banks should be pretty fucking safe.
the fed didn't deleverage banks for 14 years for nothing

ITS OVER

>>54024618
Uh, yes? FMJ is used even in cheap range ammo, in contrast to the more expensive self defense hollow-point rounds.
This isn't even a good deal but it's what my local sporting goods store carries on the cheaper end. It's FMJ.

https://twitter.com/cnbcovertime/status/1634307044613189635?s=46&t=sTHdyeL232UJZ2tYlv06TA

Wasn't Evergrande supposed to collapse the economy but the chinks managed to salvage it somehow? Could the fed do something similar to stop this from fucking us?

>>54024080
https://youtu.be/ybC6iBWLZ6k

>>54024711
>>54024742
That only happens if you use internet tokens

>>54024618
we can own tracers, rounds with penetrators, and even some AP rounds (like m2 .30-06 milsurp for the garand). stay mad.

>>54024126
BUT THE FUNDAMENTALS

>>54024763
Probably propping it up with more quanaitive easing and outrageous tax hikes, as per usual

>>54023857
/pol/ standing by to blame jews.

>>54024685
kek

Not my problem, just placed a big order for gold.

>>54024768
The "money" in your bank account is an internet token hahahahahaha

>>54024784
>Inflation goes back up
>Repeat until US collapses

>>54024080
https://www.youtube.com/watch?v=lIbnW_6SYX4

I think this thread will have tons of views from people in the startup world that are likely to be SVB customers. If we all agree to not do run in the bank, it will improve chances for SVB to make it through the next few days.
I'll start with committing not to withdraw money my company [redacted] holds in the bank.

We stand by SVB.

I invite others to do the same.

>>54024335
>>54024459
>first

>>54024760
>Will be resolved in weeks or months
This chink's lying isn't he?

>>54024742
The $20 you have left in your savings account is insured.
Anyone storing things of value there above 250,000 better have assets spread around.

>>54024763
>Could the fed do something similar to stop this from fucking us?
yes but they would rather send another 300 billion to ukraine

why did all of these startups go with this bank in particular? do they have low rates specifically for tech faggots are something?

>>54024698
>Spyware company who profits off stealing people's data dying
Good

>>54024704
sorry, while flattered i am in fact not gay.

>>54024080
https://www.youtube.com/watch?v=4yY_CDZw1_k

>>54024676
this is a frog board. you don't belong here

No one panic, the millennials and EVs will save us

>>54023799
Isthat Nickocado? Imagine the agility when he was thin

Just remember how 08 started, first it was the small banks, then medium, then large. This may have the same impact.

>>54024833
easy capital + tech is one big cargo cult and y combinator recommends it

>>54024793
Yeah it's insured up to 250k. A shitcoin wallet isn't

>>54023857
/mlp/ reports that silver is harder than Silvergate or Silicon

>>54024080
https://www.youtube.com/watch?v=ro9Kh215PQI&ab_channel=DEATHFETISH

>>54024820
>jtarud
more like j. talmud, posting after he ran on the bank so he can buy time to dig his dying dad out of his nursing home to get his deposits out

>>54024812
>inflation goes up
>ummm...uhh...shit...fuck, let's just print some more money!
This is LITERALLY what they do lol

Execute all biz mods, including and especially gookmoot
https://vocaroo.com/1dmb0PiAqesv

>>54024643
>>54024695
>>54024704
You are all pathetic.

>>54024887
Your mom smokes big sprats

>>54024643
Based King Oscar appreciator.

Is Mannarino still hugely invested in banks? Is he sharting self?

>>54024849
>wealth tax
we live in a fucking oligarchy. why would rich people tax themselves?

>>54024837
>apologizing for not being gay
must be canadian

>>54024887
interesting lid design.

>>54024908
They won't, it's a meme.

Is this the 1st sticky on biz

what does it mean, why did it close all of a sudden

>financial collapse
>only 1000 replies
This board is dead

>>54024942
no absolutely not , weren't you here for the bog twins death or the crypto purge ? and those were just last year

this is the shittiest and slowest sticky in 4chan history

it's not happening r-right guys

>>54024223
Did you know this nigga flew an entire mission without any crew? Did the whole thing on autopilot.

>all this happening just as the switch is about to be flipped in 2 weeks
My schizo senses are tingling. We tried to warn you...

>>54024976
also the one when we breached 20k for the first time since 2017

>>54023857
/X/fag reporting in

>>54024577
Too many guns.

Not enough pasting food.
Nothing to combat (((chemical spills)))
Hope you have a garden.
Where does your water come from? Hope nobody attacks that source.

>>54025024
And the one with the gay wolves, what was that even about

>>54023857
/x/ chad here i told you so

>>54025018
Tell me more about this switch wise 2 more weeks poster

>>54024643
Now here’s a lad with a based midset.

>>54024844
No, this is a mumu and bobo board. Frogs have no real power here.

>>54024977
Lol it should've been up during market hours, dumbass mods

https://variety.com/2023/digital/news/roku-svb-failed-silicon-valley-bank-cash-1235549817/

>Roku Says $487 Million of Its Cash, or 26%, Was Held in Failed Silicon Valley Bank

Roku sisters.....
It's over....

>>54025075
>this is a mumu and bobo board
nobody tell him

>>54024976
>no absolutely not , weren't you here for the bog twins death or the crypto purge ? and those were just last year
I've been here since 2017. But I don't come here every day because of work and vidya.

>>54024016

This also is happening over at Wells Fargo:
Wells Fargo Says “Technical Issue” Causing Customers to See Missing Deposits in Their Accounts

Today marks the official start of Swan Season.

post our favorite avian of a dark persuasion to mark the occasion.

>>54023857
/vt/ here, drama all over today

>>54025095
how many more tech firms are involved i wonder?

CALIFAGS MUST DIE
PIVOTERS MUST DIE
TECHFAGS MUST DIE
BAILOUTERS MUST DIE
MONEY PRINTERS MUST DIE
AND MOST OF ALL
CRYPTO MUST DIE

>>54023757
The power of diversity and women!

>>54025138
>/vt/

>>54025156
If FTX didn't kill the bitfart this sure won't

>>54023757
>It's a nothingburger
Color me surprised

>>54025174
That's /tv/ dumbass

>>54024896
>>54024917
You will eat them. You will be happy.

I had this feeling in my guts for months that something was about to happen. How bad is it going to be?

The US gov is clearly flailing around trying to make it sound like they are working on it, but Powell more or less already gave up.

How will Europe get hit by this shit? What went so wrong? China had Evergrande because they did retarded shit with investment in real estate. But what did the burgers do here?
Should we expect WW3 to cover up this whole mess?

>>54025125
It's so over

>>54025140
Half of ALL VENTURE BACKED US FIRMS

>>54024577
Where are the meds?

>>54023857
/tv/ here for the memes

>>54023839
>implying they are gone

>>54025239
https://www.bloomberg.com/news/articles/2023-03-10/silicon-valley-bank-the-investor-lender-networker-of-startups

Which is the safest stablecoin to hold right now? I can't withdraw to the bank, have half a mill on stables. I think it might unironically be USDT.

>>54025202
nah /vt/ is the new bronies, bunch of pathetic faggots PAYING trannies pretend to be anime characters lmao

>>54025278
You seem pretty mad about vtubers anon, do you need to talk?

>>54025274
bitcoin or ethereum

>>54025231
>>How will Europe get hit by this shit?
Bank failures cause deflation. Enjoy the Euro sinking below the dollar.
>What went so wrong? China had Evergrande because they did retarded shit with investment in real estate. But what did the burgers do here?
SVB held most of their reserves as mortgage backed securities (yes, like 2008) and as low-interest treasury bonds. The Fed hiking rates crushed the value of both of those.

posting in a biz sticky thread

>>54025278
At least bronies could hide behind a thin veneer of irony. There's absolutely no excuse for simping over a fake anime avatar.

I don't understand what's happening, someone please explain like I'm a retard

>>54025302
Is there any cosplay of this girl?

>>54025274
tether said they had no exposure to sivb so momentarily that's a plus i guess

>>54025308
Ya but they’ll go down A lot too

>>54025274
If you want safe just buy metals, what do you need stables for. Buy metals and btc and you'll probably be better off by the end of the decade than most people

>>54025238
This can't be real. The seams couldn't possibly be coming apart so quickly that the official Twitter handle is acting as the complaint call center receptionist

>>54025302
Not mad, just disappointed.

>>54023757

>>54025325
Every anime character is a fake anon you didn't need to specify that.

what are the ramifications of this

>>54024217
WE NEED MO MONEY FO DEM PROGRAMZ

>>54023857
/v/ here. I don't understand shit, feel like I'm retarded.

>>54023757
uh oh we have a sticky habbening

BREAKING: SVB UK branch placed into mandatory receivership by Bank of England

>>54025353
>This can't be real
Oh but it is anon kek
https://twitter.com/WellsFargo/status/1634337176367267843?s=20

>>54023857
/v/ here, standing back and standing by

>>54025373
Anime characters are real characters, with written dialogue, who participate in a story.

Vtubers are female thots wearing an anime skinsuit because they're too ugly to thot the normal way.

>>54025368

>>54023857
/out/ reporting in, keeping the eggs safe.

>>54025368
I shorted tech with a fuck ton of leverage earlier in the week and it began paying off today. Next week I'm going to be eating good. :)

From @pulte
All the frauds being exposed

>>54025414
So your line between pathetic and not pathetic is whether or not the anime character is being voiced and animated in real time or not. That's pretty weird but ok

>>54024791
are you trying to brag by posting a picture of like $600 in cash?

>>54023831
And Tether.

I just walked over to my local bank and it says I can't withdraw on the ATM, and the bank teller told me they can't because of "technical issues", i went over to a different branch and asked to deposit 100 (as a shit test) and they said no problem. I switched half way through the conversation and said "oh i slipped up i really wanted to withdraw 100" and the teller kinda fumbled and look at their coworkers and said "I can't, its glitched" and i just said if you can take deposits how come you can't take withdraws, and they just made up some "i don't know" bullshit lie

holy shit its actually happening, im panic buying boomer rocks as we speak to retain purchasing power and wealth

>>54025320
Holy Shit. They really didn't learn anything.

2nd largest bank failure in the US
RIP

>>54023857
/k here, Ready to shoot some shit.

>>54024080
Anymore that hit like these two?
https://www.youtube.com/watch?v=psSe0A655mA

>>54025135
Looks like I owe Michael Burry an apology YET AGAIN.

>>54023757
https://www.twitter.com/collinrugg/status/1634328020113825792?s=46&t=lKHZFTG8lQ5RGYKBtNNSpA

>>54023857
cat princess fucker from /sthg/ - /vg/ reporting.

What have you people done? Who pissed off the AI that controls the markets?

>>54025490
Go back, nafo-tranny

>>54025476
2nd largest bank failure in the US so far

>>54025368
Kiwibros not like this

>>54025476
Are we just going to pretend the US government didn't bail out larger banks back in 2008 to avoid a bigger collapse?

>>54025472
>>54025476
shit is lit

Don't worry guys, there's no way they'll let a single Jew lose a cent

>>54023757
Not my problem.

>>54025579
Kiwibro here, what did you mean by this

I asked this in an earlier thread but didn't get an answer.

I'm starting my new job for a bank on Monday (150K+ Salary, on the Intel/Physical Sec/Reputation Due Diligence end of things)

We are also signing for our Mortgage next week.

How utterly fucked am I?

BUY
THE
DIP

>>54023857
/tv/ reporting in, my webms are locked and loaded and my bandwidth is ready for quality oc

>>54025527
Man I love this little nigger bird

On a scale of 1-10, how bad is it?

>>54024080

https://youtu.be/dREqmrt9EYc

>>54025623
I thought so to until the let the literal Bank Man fall

>>54023757
https://www.twitter.com/circle/status/1634341007306248199?s=46&t=lKHZFTG8lQ5RGYKBtNNSpA

>>54025320
>SVB held most of their reserves as mortgage backed securities (yes, like 2008) and as low-interest treasury bonds. The Fed hiking rates crushed the value of both of those.
can someone explain to me like a retard what exactly this means and why hiking the rate fucked them over?

>>54025635
I am slurping as hard as I can

burry was right again

>>54025529
Kek based retard making the Fed's policy a partisan issue

>>54025656
Easy 8, maybe 9

>>54024791
cute, my weekly bills in one pic :)

>>54025665
there is no reason usdc should be worth more than 0.75$ then

>>54025630
Rocket lab has $38 mil at SVB. >>54023757
How will this affect Australian banks?

>>54025579
>>54025630
nevermind I'm retarded

>>54025665
Oh boy. Prepare your anuses.

>>54025665
If you use stablecoins unironically... I'm sorry, you failed the IQ test.

>>54025450
It's actually $1100, some bills are just hidden, I assure you they are all 50's and then 1 $100. The gold I bought at $65/gram and theres 20 grams there. Around $1700 total

>>54025328
https://www.bloomberg.com/opinion/articles/2023-03-10/startup-bank-had-a-startup-bank-run

Levine's take is pretty good. And he's funny.

Basically, most banks hold your money and lend some of it out to people who buy homes and shit.

SIVB holds the money of dumb startups. And lends it out to... well, pretty much nobody, because if you're running a startup you don't need much debt. So they invest that money in government bonds which is to say they loan it to the government. The government will absolutely make good on that promise to pay the interest on the bonds. The problem is that interest rates went up, and nobody wants old bonds that yield 0-1% when they can get 4-5% today.

This is fine if you're a bank and most of your clients just keep some money with you. This is not fine if you're a bank whose clients (techbros) start withdrawing their money. This is very not fine if you're a bank whose techbro clients are prone to flipping out and pulling all their money out within 24 hours of each other.

Anyone with deposits in the bank under $250K will be fine on Monday morning. Anyone (i.e., some techbro companies) over that limit will have to wait a bit. That could fuck up some tech companies, but it's likely that everybody, even the tech companies, gets made whole.

Levine points out that whoever winds up taking over the bank from the Feds is buying the leftover business that was once SVB. That business is worth the brand name (which ain't shit) and whatever actual business SVB did (which is only worth anything if every one of their clients gets back 100% of the money they had on deposit).

It's a shitshow and it could still go wrong, but I don't think this is 2008 all over again. But it is funny as shit. And if it all goes wrong, it will still be funny as shit, albeit for a different reason.

>>54025668
Mortgages and treasuries both pay out as a given interest rate. Banks typically sell these things before they mature if they need more cash. The resale value of these mortgage backed securities and treasury bonds tanked because new mortgage backed securities and treasury bonds will pay out at a 5x higher interest rate.

>>54025668
The treasury rates are higher now then what they were making on the MBSs. Thus, they can not get any buyers for their MBSs. Thus, big fucking problem.

>>54025668
rate go up make bond price go down
lotta low interest rate bond bought at peak bond price make number in account go down

>>54025697
And by that logic a $ in a bank is worth 0

> tech companies just went through large layoffs
> now VCs and startups lose everything
B-b-but I thought learning2code was going to help me make it?

>only 300 replies
biz is dead

>>54025633
Just keep up to 250k in separate banks, if that's your concern.
And if you need to get a mortgage, you should actually just rent, but I understand some guys take the "own your own home at any cost" quite seriously.

>>54025753
and that's a good thing. Bear market /biz/ is best /biz/

>>54025738
you mean in a bank which circle cant access, meaning if there is a bank run on usdc only 0.75$ per usdc could be paid out as of today?..

>>54025583
We know, they saved almost all banks at the time
They can't save any now, this is just the first domino and it's already worse than anything besides WaMu

>>54025692
That's 2/3 a week of pay for me, $1700. I get paid $4000 biweekly, $2000 every week. After taxes there champ. I make $8000/month after taxes.

We got emails today that we can cancel pending payments to them if we want to

>Be hedge fund
>Have leveraged exposure to bonds
>Rates are rising we gucci
>SVB shits the bed
>Has to liquidate assets
>Dumps every bond and treasury it has to raise capital for creditors
>Floods the market and bond rates tank
>All of a sudden, a 1-2% swing on 100,000 leverage looks bad
>Now hedge fund has to liquidate their assets and unroll their positions, which affects fund managers and indexes, etc
Gonna be good

>>54025753
just think of how dead biz will be when the bloodbath truly starts next week kek

>>54025776
>They can't save any now,
Yes they can lmao. Who do you think prints the money retard? How do you think the 2008 bailout was paid for. It wasn't from existing money.

>>54025700
very interest to hear from someone smarter than me, but australian banks don't seem to affected anywhere near as much as the european and american ones

>>54025793
Anon, when someone sells bonds the rates go up. Yield to maturity bitch please

>>54025668
>You deposit $100 at SVB
>SVB buys a $100 bond @ 2% interest so they can make a profit on your money while it stays in the bank
>jerome raises the rates
>bond prices collapse
>you try to withdraw $100 from SVB
>SVB tries to sell the bond for cash
>its only worth $50 now
>no withdraws for you
>pikachu face

>>54025729
>>54025731
>>54025734
How can these guys be that retarded? I mean, it doesn't take a genius to realize a year ago that more inflation = higher interest rates from fed => we'd better start selling our mortgages while they are still worth something

>>54025790
broofs :DDD

>>54025811
Sorry, I was going to say yield, but I thought that was the number of years until it repays itself. Bond nomenclature still gets me, duration, yield, etc. Not an area I'm great in

>>54025725
>Anyone (i.e., some techbro companies)
practically all svb customers are techbro customers, insured <250k deposits only make up 2.7% of the total deposits

>>54023757
https://www.twitter.com/lawrencelepard/status/1634275111204421632?s=46&t=lKHZFTG8lQ5RGYKBtNNSpA

>>54023857
polcel

>>54025769
>if there is a bank run on usdc only 0.75$ per usdc could be paid out as of today
That's a lot more than any bank will give you. US banks have no reserve requirements now, so they could very well have 0% backing.

>>54025697
No amon, 25% of usdc reserves in cash is held in 6 banks. We don't know much of that 25% was in svb. I personally believe that the peg won't be broken unless usdc reaches are a market cap of less than 5 billion

>>54025839
>that many old fucks were dumb enough to have their life savings sitting in banks as cash over the $250k insured limit

Chinese people have been lining up to just find their funds restricted by their own banks, so, it was only a matter of time before we felt it. It's going to be a rough time. Get cozy.

hmmm

>barely any pink wojaks
nothingburger

>>54025721
My bad they are actually 2.5g bars, so only 10 grams thought they were my other ones.

>sticky
>only 1000 posts
Jesus fucking christ. /biz/ really is dead huh.

>>54024282
lol
lmao

>>54023757
https://www.twitter.com/cramertracker/status/1634237672997699602?s=46&t=lKHZFTG8lQ5RGYKBtNNSpA

>>54023757
I keeps my cash under my bed. And the rest of my wealth in gold, silver, crypto and shitty cars. aigmi?

>>54023857
/pol/ standing by

>>54025883
>>only 1000 posts
>he's this new to 4chan

>>54025820
>we'd better start selling our mortgages while they are still worth something
they *bought* shit tons of mortgages (like 80b$) during 2021. it's not just that they held onto their existing ones.
part of the reason is the retarded tech boom of 2020-2021. lots of cash in tech => lots of new deposits => shit timing for a techbro bank that suddenly has to generate tons of yield for like a 150% increase in deposits
their position wasn't great from the get-go and their industry fucked them. they just shouldn't have grown that much during 2021. not sure if they could've generated the needed yield by other means.

>>54025827
>dox yourself
No thanks :DDD

>>54025834
Happens to the best of us

>>54025403
Holy kek, that is unbelievable. Can't understand why the rest of the sticky hasn't pounced on this.

>>54025864
Its not old fucks with life savings anon, its the cash accounts of big companies, see >>54025368

I can't wait for next Friday when Uber stops paying drivers because the company has $0 in its checking account.

>>54025892
he was guiding us through bear market the whole time, the profits between the dumps, the true cassandra

>>54023857
/ck/ here, looks like something is cooking up but i don't even know what it is...

>>54023857
/tg/, rattling dice.

yejibros

>>54026006
>Its not old fucks with life savings anon,
Look at the people lined up in >>54025839
Business companies aren't lining up, they would be on the phone with their reps.

>>54023857
/pol/
>it's over

>>54024577
Where's the pistol grip on your AK?

>>54025403
Lol my puts will print Monday

It's over? Or is the worst yet to come?

>>54023757
Future's so bright I gotta wear shades

This is a nothingburger.
Jews want you to think it's 2008 v2 to deflate the markets.

>>54026006
>>I can't wait for next Friday when Uber stops paying drivers because the company has $0 in its checking account.
I can't wait for next Friday to make fun of you for being so dumb to think a company like Uber wouldn't have diversified its bank reserves.

This thread is moving so fast that no one will know that I cheat on my girlfriend

>>54026032
Not like this yejibros...

>>54026003
It's literally just some random roastie hag on twitter running into technical issues, probably because her laptop is infested with malware

It’s actually happening

>>54024942
You don't remember when the market died? (Bog brothers)>>54024958

>>54023857
Representing /fit/, lfg boys.

>>54024691
It will finally be over...

I currently have all my life savings in a bank (uk, barclays, 40k). Unironically should I go tomorrow and get 10k out, put it somewhere in my house?

>>54026102
The roastie isn't the focus here anon, Wells Fargo breaking Twitter face to turn into glorified chat support instead of social media relations is embarrassing no matter how you slice it.

Lol I got turned down for a startup job last year. Reimbursement for interview travel cost came from SVB. rip my niggas

>>54023757
https://www.twitter.com/theinsiderpaper/status/1634349485164843008?s=46&t=lKHZFTG8lQ5RGYKBtNNSpA

why isn't this the pinned thread song? it's perfect
https://www.youtube.com/watch?v=6kguaGI7aZg

>>54023857
/lgbt/ (i'm not gay i only fuck trannies)

this all seems kinda gay to me

>>54026158
You should have did that today

>>54026102
you know you can check for yourself right

>>54025403
>https://twitter.com/WellsFargo/status/1634337176367267843?s=20
Someone should sent them a private message calling them dirty kikes

>>54025956
>doesn't recognize one of the most basic overused memes
>he's this new to 4channel

151 billion total or 97% are insured lmao.

>>54026208
>implying the response to that overused meme isn't part of the meme
>me implying your response isn't part of it too

>>54024432
Basically, more white women fucking black men.

>>54026085
>I can't wait for next Friday to make fun of you for being so dumb to think a company like Uber wouldn't have diversified its bank reserves.

idk anons, normies don't really think things through, i would not be suprised.

>>54026212
I mean not insured, this kill venture capital and pensions fund

I don't think it's wise to laugh at this.

Bailout is already coming. And you will pay with your taxes, burgers.

>>54026129

>>54026221
>

>>54026240
>to big to fail
again?

>>54026240
Taxes???

>>54026087
based

USDC doing a lil sumsum

>>54026240
>literal who says
The Fed itself doesn't know what it's going to do

>>54026264
happening.