/biz/ - Business & Finance

and the npc normie reaction.

First seen on /smg/

>>54039444

>>54040159
So this means this is the final dump before the next bullring right? Since this will restart the money printer. 15k was truly the bottom, who would have thonk.

not reading your wall of text boomer up yours

>>54040159
>oy vey we need a bailout

>>54040159
Everyone smart now.

>>54040196
https://twitter.com/facadecapital/status/1634572832461185024

>>54040159
How appropriate
>Bill ACKman

>>54040159
>black box
Just have all their addresses public and that’s all you need to know they won’t try tricks

>>54040299
in a fair and just world all politicians, executives, and people in significant leadership positions would have their name and address publicly disclosed with 24/7 real-time geolocation. the same applies to their spouse and children.

>>54040159
"Bail us out or its over. Government is responsible for this not the banks. Fix this or it will hit main street" There saved you a read.

>>54040159
The reality is that if you don't have the right political connections, you live on the free market ready to get destroyed if you make the wrong moves. If you have the right political connections, you are always safe no matter you do and the tax payers will bail you out even if they don't want to.

>>54040185
Lol absolute state

ack

>>54040185
A book or "wall of text" is a great sub 100iq and zoomer filter.

>>54040380
(((Political))) (((connections)))

>>54040159
Heaven forbid banks provide easy to understand information to their customers.
Kek

>>54040355
I sure hope so. I got puts and sold calls that need to print

>>54040185
>hey man why are you yelling? fuck you i'm not listening to any nonsense about a volcano or whatever it is you're on about with the way you're acting

>>54040185
Unironically correct though. Twitter is a medium for snarky soundbites and is not for complex predicates to larger truths. Keep it under three sentences chummer.

>>54040159

what a joke those ppl are addicted with '' risk '' without risk.

>>54040185
This shit makes me think skipping spaces means you can plot an overthrow of the government and disseminate it on the streets and no one will know

>>54040728
depositing money isnt a "risk", unless you want bankruns to happen

>>54040657
Why bother with that wall of text either? Just cut to the point and tell npcs what they should think and do.

>>54040159

muh important small banks. what business is that that when you do major shit you can ask daddy gov to bail you out?
lose their jobs? what about the fortune in bonuses until now?
and then free market for us plebs

fuck off old men, hope those banks die and you get fucked in the ass

>>54040776

putting your money in shit tier banks because they give you advantages big boys don t is a risk

>>54040159
>already thousands of the fastest growing, most innovative venture-backed companies in the US

NOOOOOOOOO MUH HECKIN APPS MUH SYNTHETIC MEAT MUH BUG PROTEIN MUH ASSET MANAGEMENT MUH MARKETING AND ADVERTISING METADATA HARVESTING!!!!! WE NEED BAIL INS NOW!!!! RESUME THE QUANTITATIVE EASING!!!!

get fucked. nature is healing.

>>54040159
If this stupid jew knew it was soooo obvious that the government should have stepped in earlier, he would have shorted SVB and made a load.

>>54040159
>hurr durr feds bail everyone out

lmao these people are going to cause hyperinflation

>>54040849
how could he know, the government is this incompetent?

>>54040189
Big joe and that tripfag both called it
I'm impressed

Uninsured SVB depositors are still going to get almost all of their money back. The real problem is that it won't be given back to them for several months and they need that shit now.

>>54040159
Yada Yada
The Clowns are on fire
Yada Yada
The Zombies are dying
Yada Yada
Zoomer Diveristy and Inclusion isn't functional anymore, we need more clown dollars
Yada Yada
My investments are dow... The stock market is crashing

Jerome Powell is the single most BASED man in the U.S. He WILL restore the American dream and FORCE fiscal sanity by the government.

>>54040821
This. The vast majority of startups in SV are bloat that needs to be excised from the economy. Let them fail so the truly innovative and needed technology from SV emerges.

>>54040780
NPCs require a logic string even if it's retarded and makes no sense.
>Trump bad
>Trump loves putin
>Therefore support Ukraine
It doesn't have to be true or make sense.
But it is a necessary part to program them

>>54040951
What we actually need is no innovation whatsoever and to be allowed to do freely the things that were discovered and work great from 100-150 years ago.

>>54040413
My IQ is 115 and i don't understand the details -_-

You underestimate your own IQ anon. You're smart! You're in 120+ territory and you finished high school <3

>>54040159
>imagine a world where you don’t just blindly trust some Jew to gamble with your money
Ok, I did, sounds good. What next?

ACK

>>54040780
That's the joke.

>>54041088
nobody hates ackman more than me. i have hated him for over a decade ever since a train from a company he owned blew up an entire town because he cut corners on maintenance. he's been a scumbag of the highest order but that doesn't mean he's wrong here, and he's offered the best take i've seen so far.

Bill ACKman

The corrupt financial clown show is coming to an END and I'm here for it.

Bill Ackman went on national television begging the government to shut down the world because he's a cuck afraid of covid. He should be arrested for financial terrorism. Idk why anyone would give a fuck about what he has to say. He's just lying and manipulating you for profit. Fucking hoes.

>>54040159
(((ACK-man))))

>>54040159
I made that point yesterday already
>>54022945

That government is not reactingn means they are incompetent on richter scale 10, which is even worse
Sell everything

>>54041249
>Bill Ackman went on national television begging the government to shut down the world because he's a cuck afraid of covid. He should be arrested for financial terrorism. Idk why anyone would give a fuck about what he has to say. He's just lying and manipulating you for profit. Fucking hoes.

this. the guy is a fucking psychopath and anyone who listens to him deserves to get jewed

>>54040159
We're not Fucking bailing you cocksuckers out! Get this through your head you ((())) MotherFuckers you! Nobody outside of Silicon Valley elected officials will support this. Not the AOC/Bernie types, not Conservatives, not LIbertarians.

The government has ZERO power to do anything about this! Fix your own shit MotherFuckers!

Why does Ackman think the government is responsible for all this? Why are all the pro-free market people suddenly doing a 180? You want free market when everything is booming but when the bust happens you suddenly want bailouts? That's not how this works.

>>54040159
The (((free))) market will solve this

>NONONON GUBERMINT I WENT AND FUCKING LOANED A BUNCH OF MONEY I DIDNT HAVE TO PEOPLE WHO CANT REPAY IT... again.... SAVE ME GUBERMINT SAVE ME!

hmm

>>54041488
>That's not how this works.
checked but thats exactly how it works

>>54041530
since the times of medieval christianity, its socialism for the latin speaking nobility inside the chapel and slavery for the proles who build it

YES, YES, YES

More bailouts just like in 2008 where it was the greatest transfer of wealth from the taxpayer (middle-class taxpayer) to the wealthy 1% ELITE which made the reach even more RICH. Now who could have thought of this idea?

>>54040185
the world was doomed from the start

Why don't the other banks simply team up and help one of their own? I thought they were supposed to be like a one big family.

>>54040185
>democracy is good because everyone has an equal vote

>>54040657
Dave Ramsey was right.

>>54040657
Bitcoin solves this.

>>54040159
>Bill ACK'man: NO YOU CANT DO THIS WE NEED TO RELOAD THE QUICK SAVE AND LET ME PLAY THE BANK. HOW WERE THE BANKS SUPPOSED TO KNOW THEY NEEDED LIQUID ASSETS TO PAY THEIR CUSTOMERS?!?!!?!! THIS GAME IS GLITCHED AND I WANT A REFUND
Jesus, Gen Xers raised by the Nintendo are going to be the death of us.

>>54040159
Capitalism for the poor, socialism for the rich. Same story every time.

>>54040159
This jew was fearmongering about the coof and wanted full lockdowns for his shorts.

>>54040159
>Bill ACK!man.

>>54040159
>consider the feasibility of a world where each depositor must do their own credit assessment of the bank they choose to bank with
Hello? We've been living in that world since 2008. Keeping your company's money in a bank with only 5% insured deposits is idiotic. The CFOs of all the affected startups should be fired immediately.

>>54040159
>fastest growing, most innovative venture-backed companies
ACKman wants bailouts for his Israeli friends and a pivot

>>54040159
Only one bank will survive

>i lost all my money gambling so the government has to bail me out
I hate boomers so much

>>54041790
Exactly. There are literally hundreds of banks out there. Keep 250k in each one max and then you cant lose a penny

>>54040858
"These people" are experts at causing hyperinflations

All-In-Podcast put up an emergency podcast about the situation!

E119: Silicon Valley Bank implodes: startup extinction event, contagion risk, culpability, and more
https://www.youtube.com/watch?v=CEee7dAk25c

>>54040776
It is since Dodd-Frank
Normies think their money in the bank is still their money, exactly as if they kept it under their mattress in cash.
They just gave it to the bank for safekeeping/practical reasons. Far west style. They think the bank has a big room in their basement with a bunch of bags with the dollar sign on it, and in one of those bags lies their money.
Well, figuratively - but that's really what they think a bank is. It's a place that keeps their money safe and easily available.

Boy are they wrong.

It wasn't anything even close to the above before Dodd-Frank, but after Dodd-Frank... well:
The money sitting in your savings account at McBank is by all means an investment.
It's an investment you make in McBank's company, with McBank having zero liability for it and having to pay you no interest and no dividend.
You're by all means loaning that money to McBank at zero cost, and McBank has no legal obligation to give you that money back.
The second you deposit any money into "your" bank account, that money is no longer yours by any legal definition of the term.
If the bank fails, you have no different claim on "your" money than any other creditor of the bank.
The only thing that makes it different than a loan at 0% interest you make to the bank is that there's an insurance on it capped at 250k. For any other purposes, you're loaning your money to the bank at 0% interest.

>>54040159
Where does someone like Bill keep his billions?

>>54041488
That's exactly how this works. Were you not around for 2008? Privatize gains and socialize losses- it's the name of the game.

>>54040185
Twitter soi snark is so fucking annoying

>>54041853
oy vey

TechCrunch
Silicon Valley Bank collapse is impacting many Indian startups
4 hours ago

this is great news im not sure why everyone's not moving to greenland and stoning each person in the villages

>>54040413
just because something is long doesn't mean it is worth reading man
they make entire genres of smut books for mid women to get off to

>>54040159
summarize in one sentence?

>>54040185
now that i think about it, these are probably glowie accounts, each demographically selected, you've got the stacie demo right up top, then the chad demo, then the beta reddit, 3 disinfo comments all sending the same message in different code flavored for the most important opinion demos. they were the top comments on the thread btw.

>>54040159
>Screenshot (49).png

Worst Jewish novel since Anne Frank's Diary.

>>54045420
>>54022945

>>54040976
No they really don’t. Here’s your logic
Men are women because science.
Trust the science.
Ignore genetics because racism.

There’s no logic involved and npcs are npcs because they can hold multiple contradictory views without cognitive dissonance.

How will all this affect the secondary market of foreskins?

>>54040159
Reminder Bill Ackman shilled for COVID lockdowns in March 2020 at the height of the pandemic hysteria just so his Credit Default Swaps could profit. He does not give a fuck about you...

https://www.youtube.com/watch?v=FItEjc6VtuU

he's on twitter spaces right now with Mario Nawfal

what a dickhead

>>54040159
he's saying something with this...notice how he doesn't mention Wells Fargo?

I'd hate to have money in that bank right now

>>54041488
>Ackman
>pro-free market
kys kys kys

>>54040917
and then Biden replaces him with a black woman the size of a orangutan

Bill Ackman is a fucknig faggot. This is another "Hell Is Coming" moment where he dumps the market (after having gotten short) and then longs the bottom. Fuck Bill.

>>54040185
You faggots tell me your not reading my walls of text though all the time here…

>>54040748
Psst anon don't tell anyone.

>>54040159
This could all be avoided if the federal reserve just offer services to take deposits, and guarantee the withdrawal of those deposits, with no gimmicks attached.

It would be so fucking easy, it wouldn't even need to be a fast process. Everything Ackman described wouldn't have to happen, and banks wouldn't be as free to play lotto numbers with depositors' money.

>>54040185

They are right. He could have summarized in his wall of text that he wants a government bailout.

>>54049700

>just turn on the money printer into hyperinflation

I too welcome the collapse.

>>54049797
Anon it would be deflationary. Did you not read what I wrote?

Currently money goes into banks, which are then free to loan out that money to anyone, who then deposit it into banks, who then loan out that money, etc.
Most money is created through loans in this way, such that a 10% reserve requirement leads to a $100 deposit turning into $1000 dollars of digital cash.

If the federal reserve, as a central bank, actually started acting like a fucking bank for once, and just took people's cash and guaranteed withdrawals, it would cause deflationary pressure when institutions that just want to hold their cash but have nowhere to put it, use the service.

Even mmo games have this service, it's one of the few services a government should actually provide.

>>54049896

And where exactly is this money to do that coming from with a tightening money supply

Can’t JP Morgan or one of the other big Jew banks just buy everything? It’s their casino ultimately anyway, don’t they want to keep it going?

>>54049948
>It’s their casino ultimately anyway, don’t they want to keep it going?
If it crashes, they'll get more for their money. Sounds like you just want up only, forever. As prices go higher, it is riskier and less profitable to buy things up.

https://www.youtube.com/watch?v=IFdqD4glIZw

HYPERINFLATION AHOY

>>54040185
Retards about to find out the US government printed too much money for all their diversity hires to spend on chinese goods and now they'll just snatch it from their bank accounts

>>54040657
Sorry I just don't do reddit spacing. Schizo walls of texts or 1 line shitposts. This is 4chan.

>>54049943
I hope you're just baitposting. You put $1mil into federal reserve bank.

Federal reserve bank holds it in an account and doesn't touch it by design.

When you want your money back they give it to you.

No banking service like that fundamentally exists in the market today, because banks are free to invest the money or loan it out, which is how most money is created, and also why banks fucking collapse (they gambled your money and now it's gone).

Many individuals and businesses just want to use banks to store their money so it isn't in their mattresses because they have other plans for it later, they don't want it being gambled with.

>>54040185
We have reached a new age of normie filtering. If it was written in cursive we could filter even more.

>>54050058

The Reserve Requirement is currently zero as of January 30, 2023. As such, there is no requirement that banks keep any portion of customer deposits on hand. Essentially, the Fed has removed the reserve requirement. Learn more about the implication: Reserve Requirements Eliminated.

Where is the money nigger?

>>54042324
With that reaction I'd say some must be in SVB

>>54050095
I'm aware, that was just an example. If you understand that you should see how a bank whose sole mandate is to store and handle deposits and withdrawals would be deflationary.

>>54040189
Nigger BTC is SPY 2.0 now what the fuck are you talking about

>>54050114

WHERE
IS
THE
MONEY
NIGGER

>>54040159
I used to complain about twitter character limits but now I want it back, what the fuck? No one's reading these walls of text without clean paragraphs and reddit spacing, this will kill twitter, elon is so stupid.

>>54050152
Where is what money? You put your money into the account, it just sits in an account, no one can legally touch it due to how this theoretical bank would be legislatively implemented and it will sit there until you take it out.

Modern banking is so fucking stupid. So depositors can't be bothered to do research on banks to allocate capital. Then why the fuck do we even have banks? They are just middle men at this point.

And the banks fail for the same stupid reasons every time. Investing in illiquid assets that they don't value correctly and then end up underwater. Same shit over and over for 100 years.

Banks should be a high risk activity that is seen as an investment, and there should be a way to hold digital cash for people who don't want that risk. Although the concept of a digital currency raises concerns over privacy and control which is why crypto and decentralized governance is needed.

Hopefully the transition to crypto can happen sooner rather than later.

>>54050642
You don't even need a digital currency, the same way that your bank account today isn't backed by a digital currency, yet the transactions still remain secure and fdic insured. A federal institution could just emulate standard consumer banking practices and essentially run like the US Postal Service.

>>54050889
Well, that would be a digital currency. People want to hold cash digitally, not having to store physical notes under a mattress or in a safe. But they also don't want the government to have absolute control over their money, whether its the fed, treasury, or postal service, doesn't matter. The currency should operate by fixed, unbiased, 100% transparent, and immutable rules, like bitcoin.

>>54050972
In this example the legislation could be that it can't touch deposited money.

Crypto is horrible for banking or any kind of service where you are dealing with clients, because of its immutability. Some intern fat fingered a transaction and sent it to the wrong address? Phishing scam? Not your keys, not your crypto.

>>54045420
"The banking system is a scam and I demand the government bail me out"

let them collapse no bailouts.

>>54041170
No he isn’t correct.
There is FDIC insurance for deposits up to $250K. No individuals had accounts at that bank. The tech firms who had accounts there pulled their money out which caused it to fail. No individuals lost anything

>>54051080
You act like that shit doesn't happen in trad banks. Wire fraud, phising scams? Lol, those are rampant in trad banks. Plus fake check scams, bounced checks, which can't even happen in crypto.

>>54041076
1488

>>54040185
>walk into Chapters
>pick up book from shelf
>7 pages long
I ain't reading all dat shit nigga

>>54041523
>What did he mean by this?

>>54049896
>>54050058

...or you could just, y'know, outlaw fractional/non-existent reserve banking* instead of throwing up your hands and choosing the nuclear option?

*or at least offer it as a separate service in which the client receives a higher interest rate for taking the risk

>>54040159
tl;dr?

>>54040159
>YOU POORS BETTER BAIL ME OUT I'M TOO RICH FOR CONSEQUENCES FROM MY CORRUPTION!!

>>54040196

NIGGER

>>54045420
The FDIC is going to liquidate all the shit in SVB's portfolio and use the proceeds to pay back the uninsured depositors, but that process is going to take several months/years, and the depositors don't have time to wait. Ackman is arguing that the government should either try to find a sale for the bank to a competitor or "buy" it (by recapitalizing it; shareholders would still get nothing) and run it themselves since that would be better for uninsured depositors than the slow liquidation and would also inspire more confidence in the banking sector.

>>54040159
Bill -ACKman

>>54048371
Yeah but your walls of text are pure trash.
Say something intelligent and people will read every word.

>>54040159
i have done no research but i have a fucking yuge iq, am i right in understanding this, sivb is a bank for tech start ups where deposits come from silicon valley tech faggots? this is a literal nothingburger you low iq spastics lmao

>>54040413
This. To anyone paying attention he’s been calling for bank runs on regional banks all day. He doesn’t care about depositors and his competition who were crypto billionaires are getting fucked. He likes that. He’s doing this so the banks that fail can have their assets bought for cheap.

>>54053784
He specifically says that in his tweet too.