/biz/ - Business & Finance

>>54122886
Sell it all, today. Is that even possible Sam?

>>54122886
Why is this bad?
I didn't withdraw my money from Wells Fargo yesterday since it seemed like stuff calmed down.

>>54122996
I have 20k in Wells Fargo, 450k in Vanguard and 350k in Etrade. What do I do?

>>54123043
As soon as my payczech hits tomorrow I'm pulling it all out and throwing it in stables, crypto and some silver.

>>54122886
wells fargo is fucked they aren’t releasing any papers or data but everyone knows they were incestously intertwined with svb.
probably super easy puts on them in all honesty.

>>54123043
distribute them so all three are under fdic

>>54122886
x-plane

>>54122886
take your market manipulation back to /r/wsb, you fat retard.

I have my mortgage through Wells Fargo. If they go under do I get my house free?

>>54122886
look at WFC AFS and HTM and the 4.5bb move to the latter on the most recent 10k

>>54122886
>msn
>microsoft start

wow you must be really old op

>>54124231
no, someone will buy the debt

>>54124298
Oh well.

>>54122996

Gee, I wonder who is behind this post.

>>54123140
fdic insured all deposits, the 250k limit no longer applies.

I use Wells Fargo

>>54124264

>>54123043
>>54124231
>>54124599
>hey hey heyyyyyyyyyyyyy
>hey hey heyyyyyyyyyyyyyyyyyyyyyyyy

>>54124683

https://www.youtube.com/watch?v=61i2iDz7u04

>>54124433

>>54123140
>>54124547
And you'll get your money back in minutes! No waiting whatsoever!

>>54122886
My company just moved all finances from svb to wellsfargo

>>54124737
>waso waso waso waso waso waso waso waso waso WASO WASOUUUUUUUUUUUUUUUUP
>WELLS CONNECCCCCCCCCCCCCCCCCCT

>>54124759
Unintentional but I'll take it

Nothing ever happens.

>>54125172
Real talk I use Wells Fargo and now I'm mildly concerned.

>>54122908
Yes but at what cost

>>54122886
>general corporate purposes

holy fuck its happening

>>54122996
HA

>>54125320
>Margin Call posting becoming the new Bane posting

>>54125371
I can accept this trade.

>>54125403

>>54122886
That's the faggiest sentence I've ever read. Don't speak like a subhuman. Not engaging with the topic for that reason.

>>54122996
lmao you're such an npc goy but go on 4chan thinking you're smarter than all the redditors. Imagine thinking shit magically is all better because the govt said so or because you stopped hearing about it. I already moved most of my net worth out of wells fargo last year because anyone with 3 braincells knows they're degenerate fucks that'll get btfo the second something bad happens. I hope you lose everything :)

>>54125438
SoOoOo… UwU okway nonny?

>>54122886
SaHgaH
AHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!

I took all my money out of banks, but I kept an account open just in case I want to transfer out gains into the real world from elsewhere. Like writing a personal check or off ramping into cash at an ATM.

Only goyim let money sit in a bank for others to gamble with. Own cash-like securities. Own precious metals. At least with these, you can transact.

>>54125320
No one will ever buy from us again...

>>54125452
I told all you guys this weekend when you were panicking nothing will happen to Wells, and Ill keep coming back to remind you. Im just…going to leave my personal checking there. And it will be fine. Good luck with the “crash”

>>54125808
Wow you totally OWNED that bank bro! Internet high five

I told all you guys this weekend when you were panicking nothing will happen to Wells, and Ill keep coming back to remind you. Im just…going to leave my personal checking there. And it will be fine. Good luck with the “crash”

>>54125919
go back to fucking reddit.

>>54125919
Kept 1 cent in it just to annoy whoever looks at the account. Only price I'll pay to keep it open.

Now that I think about it...why do we need to put our money in banks?

>>54125452
If for some reason the FDIC didn't make it right then the money I would withdraw would be worthless anyway. The only point of getting money out of the bank would be to stockpile ammo and food before money becomes worthless and everyone here should have already done that way in advance of this totally real and meaningful two more weeks epic and world shattering happening

>>54125452
Happeningchud strikes again

>>54125842
SO THAT WE MAY SURVIVE!!!!!!!!!!!

>>54122886
I have -4$ in Wells Fargo, AIGMI?

>>54125959
Lol i get banned every comment now. Dont feel like creating new email addresses. God damn everything sucks

If these cheapies print…

>>54126718
I have serious doubts they’ll eat shit that hard between now and then but that would be glorious

>>54123043
shove it all inside 3crv, aave and frax

>>54125919
this but unironically

if everyone keeps like $10 in then the vast majority of accounts will be undercapitalized and the bank's hedging mechanisms get extreme

that's why SVB went down, too much money. works the same way when there's too little money. and rich people won't want to keep over $250k in.

Loans for new buildings stop. Loans for new cars get too risky.

>>54126718
yeah, i had a funny feeling at close...

>>54122996
ask yourself why a bank needs liquidity

>>54127869
Banks need liquidity when they run out of money.
>Verification not required.

>>54123063
>in stables
Why?

>>54123043
Send it to me. I’ll keep it safe.

>>54128214
>Why?
Good point, better off with Bitcoin as a savings.

>>54123043
You know what to do deep down.

>>54126070
Unironically this guy asking the real questions.
If you don't want the liability of storing a bunch of cash at your home, a safe deposit box is a good way to go. literally sitting in a bank vault, without the risk of it suddenly 'disappearing'.
Only disadvantage is convenience, bill paying, whatever. have enough in your account to do your business, but have your savings at least in physical form somewhere.

>>54125211
>an entire crypto exchange collapsed and billions worth lost.

>a stablecoin went to 0 in a single day

shut up tourist

>>54122886
They just updated their terms, but it doesn't take effect until May. As usual, I didn't fucking read it. Not gonna, but I figured this would be useful information. I only keep the minimum 1k deposit in a shell company account with them.

>>54123140
>trusting fdic
You do realize if all of this blows up nobody gets paid?