/biz/ - Business & Finance

>>54055797
"Founders" are fucking retards

>>54055797
>$10 million
Hahahahahahahahahahahahahahahahahahahahahahahahahahahaha

I don't know what drugs he's on but I definitely don't want any of that shit

On a serious note though, I've actually put my tinfoil hat on; this is coordinated FUD coming from certain players.

>>54055797
JCal is literally the poster boy of idiot savants who lucked their way into fortune by simply being in the right place at the right time

>>54055826
I've been on Twitter these last few days and it's crazy how much this have been revealed to be the truth. Narcissism, self-importance, a bit of sociopathy and psychopathy and irrational optimism will take you incredibly far in Silicon Valley. Trust me, I used to work in the Bay as a programmer. Crazy who glaring the problem is once you're outside of the system.

>>54055797
There's literally no contagion, this was one medium sized bank and most of its clients are tech bros and VC backed startups. If they can't make payroll that's fine, small businesses fail all the time

>>54055872
*has been

*how

Sorry. Just got back home from a night of drinking.

>>54055855
Sounds like a legit victim of a psyop.

>>54055884
Fist Republic just failed too. FDIC and Fed are actively propping up a fund to backstop in case more banks fail. Things will start becoming more clear during the week. Oh and yeah, don't let any techbro retard fuckhead gaslight you into believing that if you, the taxpayer, don't bail them out that the world will collapse and that it's a matter of national security and whatever other bullshit they're using to try to guilt your into taking their side. Treasury management is easy and the companies I've workedfor since my time in Calfornia tech have all had their money spread out so that things like these DON'T happen.

>>54055797
Lol, you can shove your 10M up your jew ass. Suffer bitch. Regards, the poor.

>>54055952
>Fist Republic just failed too.
Source that isn't a twitter screencap?

>>54056008
https://www.wsj.com/articles/first-republic-hit-by-svb-failure-7431495e

https://seekingalpha.com/news/3946590-why-did-first-republic-bank-stock-slump-today-fear-from-svb-financial-failure

They haven't gone completely tits-up yet.

>>54055797
>NEED MO MONEY FO DEM TECH TRANNIES

>>54055905
Anyone who believed this bank was real is also the victim of a psyop.

>>54056100
Hows your crypto doing young man?

>>54055797
>POTUS must get on TV and guarantee all deposits up to 10M
That's actually what Merkel did in Germany in the grat financial cirsis of 2008, and it solved the problem. People in Germany went back to sleep and there was no bank run.
It is easy, and perfectly credible for the head of government to give such a guarantee. All money is printed by the government anyway - they are the root source of money - so everyone will believe if they say they can print enough.

never, ever, give money or financial control to anyone but straight european males.
are you starting to get it?

>>54055952
There is going to be a full fledged media campaign for bail outs

>>54056459
This would imply Biden actually gives a fuck about his constituents or Americans in general...

>PROTIP: He doesn't.

>>54055797
If this whole episode puts a serious dent in the current Venture Capital/snobby founder startup world I am all for it. Money ain't free anymore Silicon Valley bros. Can't fake it till you make it with someone else's money. Produce or GTFO.

Funny how the slightest bit of inconvenience happens to their bags libertarian tech VC’s throw all their principals straight out the window and demand they be made whole and they don’t go underwater

>>54055797
> must guarantee 10mill

How does 250k sound?

>>54056549
kek

>>54056100
karma

>>54056100
>the government must insure every bet made at every casino so nobody ever loses money

>10K for student loan forgiveness?
>NOOOOOO THAT'S LITERALLY SOCIALISM THINK OF HOW UNFAIR THAT WOULD BE TO EVERYONE WHO DOESN'T BENEFIT, NOW GET TO WORK AND PAY IT OFF YOURSELF!
>banks are about to crash?
>OY FUCKING VEY WE NEED TO INCREASE FDIC INSURANCE TO 10 MILLION TO PROTECT THE (((RICH))) IMMEDIATELY PLEASE GOVERNMENT YOU HAVE TO SAVE US!

>>54056766
>comparing giving money to those who never earned it vs giving money back to those who had it stolen

>>54056100
LOOOOOOOOOOOOOOOOOOOOOOOOOL

>>54056478
Anon... who do you think was running this bank

>>54055797
>all deposits up to $10m
>@POTUS
LOL. LMAO even.

>>54055797
Fuck this guy. He can have his 250 and enjoy it

>>54057253
Jews

>>54057253
a bunch of diversity hires.

>>54056459
The government does not print the money the gangster criminals at the FED does.

>>54057253
you mean all the women?

>>54055797
Couple of milly

>>54057191
>comparing investing in the future of the country to giving more money to retard gamblers so they can gamble more

>>54057576
>investing in the future of the country

>>54055797
>i want my money back
No refunds

>>54057191
>freaking out about 10K in gibs while you are already guaranteed 250K in gibs and are now demanding 10M in gibs

>>54055872
This

>Twitter thread
This is just fearmongering. It was the 16th bank in USA, no one was exposed except tech guys who have all the interest in spreading FUD in social medias to ripple an effect to try to make the government care

>>54055797
NO BAILOUT NO REFUNDS

No refunds, all caps chud.

>>54056100

>>54055884
Oh thank goodness it's over! Fire up the money printer boys, we're in a new bull market!

Love watching these jews squirm

>>54055797
Why should the tax payers bail out a bank that stole peoples money?
Take the money back from the jews who stole it.

> inb4 thats not how it works.

>>54055905
Kek

>>54056758
I mean, if they did there would literally never be any poverty since you could just martingale yourself to riches.

>>54055872
/thread

I'm so glad I live in the rural midwest, far away from all of you coastal dickheads.

>>54056494
lmao this has nothing to do with the bank run, but sure go off dude

>>54055797
> Why did SecYellen allowed this to happen

>>54055797
All my money is with PNC, I have nothing to worry about.

>>54057461
so this collapse is engineered?

>>54059359
Source on those poultry cart? Kinda neat as shit I'd like a smaller one for my small flock

>>54060043
looks custom built, from an article about a Virgina poultry farm.

>>54055884
It will be insanely good for people in the bay with cash to capitalize on falling RE

>>54055797
remember to always laugh at libertarians because they are the first ones to go "SAVE US BIG DADDY GOVERNMENT!"

they are and have always been the worst hypocrites

NOOOOO not the heckin millionaireinos!!!
NOOOOOOO

>>54057253
jews, blacks, women and one Gentile (if it wasn't obvious enough)