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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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File: 41 KB, 902x416, Silicon Valley Bank.jpg [View same] [iqdb] [saucenao] [google]
54023757 No.54023757 [Reply] [Original]


>> No.54023781 [DELETED] 


>> No.54023783 [DELETED] 


>> No.54023788 [DELETED] 


>> No.54023789 [DELETED] 

Did this really need a sticky?

>> No.54023791 [DELETED] 

Shit thread

>> No.54023799 [DELETED] 
File: 666 KB, 460x818, bouncy.webm [View same] [iqdb] [saucenao] [google]


>> No.54023803 [DELETED] 

wat mean dis?

>> No.54023807 [DELETED] 

a thread died for this

>> No.54023808 [DELETED] 


>> No.54023812 [DELETED] 
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>> No.54023819 [DELETED] 


>> No.54023818 [DELETED] 

Posting in a sticky

>> No.54023821 [DELETED] 

>only 9 replies
jesus christ this board is dead

>> No.54023826 [DELETED] 

It's been 8 hours.

>> No.54023831 [DELETED] 

If you have usdc GET OUT NOW.

>> No.54023839 [DELETED] 
File: 1.03 MB, 2048x1365, AFE3A261-B893-4C9B-A031-1BFF36006E88.jpg [View same] [iqdb] [saucenao] [google]

I miss them

>> No.54023843 [DELETED] 

ok, thanks Mr. Mod. Anyway...

>> No.54023846 [DELETED] 

Holy shit

>> No.54023856 [DELETED] 
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>> No.54023857 [DELETED] 
File: 485 KB, 672x816, 1612280142399.jpg [View same] [iqdb] [saucenao] [google]


>> No.54023864 [DELETED] 
File: 54 KB, 531x704, 1677465278021299.jpg [View same] [iqdb] [saucenao] [google]

>no liquidity?

>> No.54023867 [DELETED] 

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

>> No.54023872 [DELETED] 


>> No.54023875 [DELETED] 

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

>> No.54023876 [DELETED] 

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

>> No.54023877 [DELETED] 
File: 44 KB, 393x462, 1678389170151334.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54023882 [DELETED] 
File: 52 KB, 634x360, gooseattack.jpg [View same] [iqdb] [saucenao] [google]

beware the goose is loose

>> No.54023887 [DELETED] 
File: 1.33 MB, 1268x1268, 1678475565835948.png [View same] [iqdb] [saucenao] [google]

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

>> No.54023908 [DELETED] 

lol, lmao

>> No.54023910 [DELETED] 

me too man, me too

>> No.54023915 [DELETED] 

sticky deez nutz

>> No.54023916 [DELETED] 

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

>> No.54023931 [DELETED] 

>Is it safe to just my long term puts on regional banks that tend to get acquired by larger entities such as SVB

>> No.54023951 [DELETED] 

Nice knowing you guys

>> No.54023954 [DELETED] 


>> No.54023956 [DELETED] 

Wouldn't that mean puts on regional banks are bullish

>> No.54023957 [DELETED] 

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?

>> No.54023966 [DELETED] 

old news

>> No.54023968 [DELETED] 
File: 191 KB, 1080x1350, 1654040206196.jpg [View same] [iqdb] [saucenao] [google]

Niggerposting in a sticky.

inb4 the kikes 'refund' everyone via CBDC

>> No.54023996 [DELETED] 
File: 565 KB, 857x391, 1534725208533.png [View same] [iqdb] [saucenao] [google]

This is 2008 on roids

>> No.54023997 [DELETED] 

Does TLT go up if the fed pivots?

>> No.54024000 [DELETED] 

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

Oh well.

>> No.54024005 [DELETED] 
File: 382 KB, 720x720, 1678421149950520.png [View same] [iqdb] [saucenao] [google]

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?

>> No.54024007 [DELETED] 
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>> No.54024008 [DELETED] 

Faggot jannies really deleted my nigger post lol

>> No.54024016 [DELETED] 
File: 174 KB, 960x1803, Snapchat-864384616.jpg [View same] [iqdb] [saucenao] [google]

Big if true

>> No.54024018 [DELETED] 

who the fuck cares? why is this pinned lmfao

>> No.54024020 [DELETED] 
File: 176 KB, 499x315, Screenshot 2022-06-08 123836.png [View same] [iqdb] [saucenao] [google]

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.

>> No.54024027 [DELETED] 
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It begins

>> No.54024047 [DELETED] 

tru if bigg

>> No.54024063 [DELETED] 
File: 150 KB, 1223x688, tuld.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024064 [DELETED] 

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

>> No.54024072 [DELETED] 

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

>> No.54024073 [DELETED] 

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???

>> No.54024079 [DELETED] 
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Doubt my life is changing much

>> No.54024080 [DELETED] 
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Post the song you're vibing to while the economy collapses

>> No.54024086 [DELETED] 

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

>> No.54024098 [DELETED] 
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If the situation gets too hot, the liquid just evaporates

>> No.54024103 [DELETED] 

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.

>> No.54024126 [DELETED] 
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this is what healthy, sustainable growth looks like

>> No.54024127 [DELETED] 

this is just a regular bank

>> No.54024134 [DELETED] 
File: 14 KB, 255x253, 1677387612182.jpg [View same] [iqdb] [saucenao] [google]

Postin in da stickie

>> No.54024135 [DELETED] 
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>> No.54024139 [DELETED] 

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

>> No.54024143 [DELETED] 
File: 12 KB, 236x320, FeEl-1jXEAIpUwR.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024171 [DELETED] 


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.

>> No.54024175 [DELETED] 
File: 111 KB, 960x784, Bozo the clown.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024194 [DELETED] 


>> No.54024204 [DELETED] 


>> No.54024205 [DELETED] 

Who profits from this?

>> No.54024217 [DELETED] 
File: 47 KB, 598x446, 1678486843333676.jpg [View same] [iqdb] [saucenao] [google]

>Another black woman as the economic experts

>> No.54024219 [DELETED] 

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.

>> No.54024223 [DELETED] 
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/sci/ here monitoring the countown

>> No.54024225 [DELETED] 

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

>> No.54024233 [DELETED] 

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.

>> No.54024236 [DELETED] 

people with sqqq

>> No.54024237 [DELETED] 
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kanye was right

>> No.54024262 [DELETED] 
File: 69 KB, 1280x720, org-rev2.jpg [View same] [iqdb] [saucenao] [google]

/po/ getting ready for the fall.

>> No.54024271 [DELETED] 

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

>> No.54024272 [DELETED] 

It's over

>> No.54024282 [DELETED] 
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Just curious should leafs be concerned?

>> No.54024283 [DELETED] 

XRP schizos were right all along weren't they.

>> No.54024301 [DELETED] 


>> No.54024307 [DELETED] 

A biz sticky? Now I can post about candlejac

>> No.54024315 [DELETED] 
File: 178 KB, 1170x1137, 20230310_095631.jpg [View same] [iqdb] [saucenao] [google]

I hope all the dog coins go to 0

>> No.54024319 [DELETED] 

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

>> No.54024333 [DELETED] 

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

>> No.54024335 [DELETED] 
File: 19 KB, 359x359, 1678470377286165.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024349 [DELETED] 

rolling for a bloody monday

>> No.54024357 [DELETED] 


>> No.54024359 [DELETED] 

>Only 1000 replies

biz is dead

>> No.54024360 [DELETED] 

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.

>> No.54024374 [DELETED] 

/int/tard one here

>> No.54024379 [DELETED] 

How does this affect maplesyrupistan?

>> No.54024380 [DELETED] 

>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.

>> No.54024386 [DELETED] 
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>> No.54024398 [DELETED] 

barely 100 , adjust your glasses anon

>> No.54024400 [DELETED] 

whatever god jim cramer pissed off

>> No.54024404 [DELETED] 

If shit hits the fan will there even be a bailout

>> No.54024405 [DELETED] 

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

>> No.54024409 [DELETED] 

>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.

>> No.54024411 [DELETED] 

>dead sticky

>> No.54024415 [DELETED] 

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.

>> No.54024424 [DELETED] 

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

>> No.54024431 [DELETED] 

Everyone stop posting. The mods are fags.

>> No.54024432 [DELETED] 
File: 556 KB, 1042x1200, uEtIckqME3gpVx3O0xTJfbko.jpg [View same] [iqdb] [saucenao] [google]

what does this mean?

>> No.54024434 [DELETED] 

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

>> No.54024439 [DELETED] 
File: 90 KB, 286x268, 1675488145048141.png [View same] [iqdb] [saucenao] [google]

Not for white people

>> No.54024440 [DELETED] 

>second biggest bank collapse in American history
>who cares

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

>> No.54024442 [DELETED] 

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

>> No.54024449 [DELETED] 

>muran borrowind

>> No.54024455 [DELETED] 
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Postin in ebin stigy :DDDD

>> No.54024459 [DELETED] 
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>this year

>> No.54024468 [DELETED] 
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Schizos are always right.

>> No.54024475 [DELETED] 
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>> No.54024476 [DELETED] 

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

>> No.54024485 [DELETED] 

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

>> No.54024499 [DELETED] 


>> No.54024507 [DELETED] 
File: 102 KB, 1024x702, smidge_chernobyl.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024510 [DELETED] 
File: 882 KB, 1512x1512, jiemi_bubble_pops.png [View same] [iqdb] [saucenao] [google]

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

>> No.54024520 [DELETED] 

>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

>> No.54024535 [DELETED] 


>> No.54024555 [DELETED] 

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

>> No.54024558 [DELETED] 
File: 6 KB, 229x220, 1633916470334.jpg [View same] [iqdb] [saucenao] [google]

>sticky for a nothingburger

>> No.54024573 [DELETED] 

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

>> No.54024577 [DELETED] 
File: 788 KB, 2048x1536, SHTF Arsenal.jpg [View same] [iqdb] [saucenao] [google]

Hope you niggas are prepped.

>> No.54024592 [DELETED] 

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

>> No.54024600 [DELETED] 

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

>> No.54024606 [DELETED] 

>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

>> No.54024607 [DELETED] 
File: 407 KB, 918x1632, light snack.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024608 [DELETED] 


>> No.54024613 [DELETED] 


>> No.54024618 [DELETED] 

Wait an average burger can own FMJ's?

>> No.54024636 [DELETED] 

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.

>> No.54024643 [DELETED] 
File: 168 KB, 450x400, real-gold1.jpg [View same] [iqdb] [saucenao] [google]

i invested in something with real value.

>> No.54024658 [DELETED] 

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

>> No.54024662 [DELETED] 

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

>> No.54024665 [DELETED] 

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

>> No.54024676 [DELETED] 
File: 516 KB, 2332x2191, FohgiVhacAIuPV6.jpg [View same] [iqdb] [saucenao] [google]

/a/ here

>> No.54024685 [DELETED] 

>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.


>> No.54024686 [DELETED] 

/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.

>> No.54024691 [DELETED] 
File: 49 KB, 619x680, F7CF252F-4A4E-4E33-94EF-4960B39A9C22.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024695 [DELETED] 

Based and deenzpilled. I also have a stack.

>> No.54024697 [DELETED] 
File: 1.44 MB, 676x720, 1671857764803307.webm [View same] [iqdb] [saucenao] [google]

/pol/ reporting in o7

>> No.54024698 [DELETED] 
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>> No.54024701 [DELETED] 

Ironic because biz actually is really dead

>> No.54024704 [DELETED] 

>not longing wine herring
kek poorfag

>> No.54024707 [DELETED] 

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

>> No.54024711 [DELETED] 
File: 210 KB, 1500x1500, AACBCE92-C2E3-43AC-AE57-7EE8B5004D4B.png [View same] [iqdb] [saucenao] [google]

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

>> No.54024718 [DELETED] 

Yeah FMJ's are probably the most common ammo here

>> No.54024729 [DELETED] 

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

>> No.54024731 [DELETED] 

Kinda reminds me of a fat Dark Souls boss

>> No.54024742 [DELETED] 
File: 90 KB, 320x320, 1539793206517.gif [View same] [iqdb] [saucenao] [google]

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

>> No.54024752 [DELETED] 
File: 2.18 MB, 2060x4056, svb.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024755 [DELETED] 
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>> No.54024759 [DELETED] 
File: 174 KB, 1341x579, Screenshot 2023-03-10 172740.png [View same] [iqdb] [saucenao] [google]

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.

>> No.54024760 [DELETED] 


>> No.54024763 [DELETED] 

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?

>> No.54024765 [DELETED] 
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>> No.54024767 [DELETED] 


>> No.54024768 [DELETED] 

That only happens if you use internet tokens

>> No.54024780 [DELETED] 
File: 260 KB, 1280x1160, A534C7D5-674E-4FD9-93A9-2EFE5EA7CBC8.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024781 [DELETED] 


>> No.54024784 [DELETED] 

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

>> No.54024786 [DELETED] 
File: 419 KB, 958x707, 6mill.png [View same] [iqdb] [saucenao] [google]

/pol/ standing by to blame jews.

>> No.54024789 [DELETED] 


>> No.54024791 [DELETED] 
File: 3.15 MB, 4032x2520, pepegold2.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024793 [DELETED] 

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

>> No.54024812 [DELETED] 

>Inflation goes back up
>Repeat until US collapses

>> No.54024815 [DELETED] 


>> No.54024820 [DELETED] 
File: 91 KB, 1214x388, rugged.png [View same] [iqdb] [saucenao] [google]

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.

>> No.54024823 [DELETED] 
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>> No.54024827 [DELETED] 

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

>> No.54024828 [DELETED] 

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.

>> No.54024830 [DELETED] 

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

>> No.54024833 [DELETED] 
File: 9 KB, 300x255, 37826599d005657_300255.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024834 [DELETED] 

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

>> No.54024837 [DELETED] 

sorry, while flattered i am in fact not gay.

>> No.54024838 [DELETED] 


>> No.54024844 [DELETED] 
File: 49 KB, 700x641, 1613196991548.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024849 [DELETED] 
File: 87 KB, 848x674, Discord_58y64y1HQ1.png [View same] [iqdb] [saucenao] [google]

No one panic, the millennials and EVs will save us

>> No.54024853 [DELETED] 

Isthat Nickocado? Imagine the agility when he was thin

>> No.54024858 [DELETED] 

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

>> No.54024861 [DELETED] 

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

>> No.54024865 [DELETED] 

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

>> No.54024866 [DELETED] 
File: 69 KB, 770x300, mlpmg.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024868 [DELETED] 


>> No.54024870 [DELETED] 

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

>> No.54024875 [DELETED] 

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

>> No.54024878 [DELETED] 

Execute all biz mods, including and especially gookmoot

>> No.54024887 [DELETED] 
File: 102 KB, 1000x1000, images (4).jpg [View same] [iqdb] [saucenao] [google]

You are all pathetic.

>> No.54024896 [DELETED] 

Your mom smokes big sprats

>> No.54024902 [DELETED] 
File: 113 KB, 768x512, mackerel.jpg [View same] [iqdb] [saucenao] [google]

Based King Oscar appreciator.

>> No.54024907 [DELETED] 

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

>> No.54024908 [DELETED] 
File: 54 KB, 592x658, ELhKWaIVUAEOeOL.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54024916 [DELETED] 

>apologizing for not being gay
must be canadian

>> No.54024917 [DELETED] 
File: 78 KB, 1200x600, 1555536444344.jpg [View same] [iqdb] [saucenao] [google]

interesting lid design.

>> No.54024922 [DELETED] 

They won't, it's a meme.

>> No.54024942 [DELETED] 

Is this the 1st sticky on biz

>> No.54024958 [DELETED] 

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

>> No.54024970 [DELETED] 

>financial collapse
>only 1000 replies
This board is dead

>> No.54024976 [DELETED] 

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

>> No.54024977 [DELETED] 

this is the shittiest and slowest sticky in 4chan history

>> No.54024980 [DELETED] 
File: 4 KB, 675x575, (sweats loudly).png [View same] [iqdb] [saucenao] [google]

it's not happening r-right guys

>> No.54024993 [DELETED] 

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

>> No.54025018 [DELETED] 
File: 1.12 MB, 1921x1080, 1653057455396.jpg [View same] [iqdb] [saucenao] [google]

>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...

>> No.54025024 [DELETED] 

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

>> No.54025048 [DELETED] 

/X/fag reporting in

>> No.54025055 [DELETED] 

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.

>> No.54025057 [DELETED] 

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

>> No.54025066 [DELETED] 

/x/ chad here i told you so

>> No.54025069 [DELETED] 

Tell me more about this switch wise 2 more weeks poster

>> No.54025073 [DELETED] 

Now here’s a lad with a based midset.

>> No.54025075 [DELETED] 

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

>> No.54025090 [DELETED] 

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

>> No.54025095 [DELETED] 
File: 861 KB, 600x900, 1676108490302622.gif [View same] [iqdb] [saucenao] [google]


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

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

>> No.54025098 [DELETED] 
File: 297 KB, 927x746, 1632152682318.jpg [View same] [iqdb] [saucenao] [google]

>this is a mumu and bobo board
nobody tell him

>> No.54025102 [DELETED] 

>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.

>> No.54025113 [DELETED] 
File: 7 KB, 480x252, 1655828048996.jpg [View same] [iqdb] [saucenao] [google]


>> No.54025125 [DELETED] 

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

>> No.54025135 [DELETED] 
File: 269 KB, 823x653, 1636153575964.jpg [View same] [iqdb] [saucenao] [google]

Today marks the official start of Swan Season.

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

>> No.54025138 [DELETED] 
File: 185 KB, 599x468, 01nl6wuhgo551.png [View same] [iqdb] [saucenao] [google]

/vt/ here, drama all over today

>> No.54025140 [DELETED] 

how many more tech firms are involved i wonder?

>> No.54025156 [DELETED] 
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>> No.54025159 [DELETED] 

The power of diversity and women!

>> No.54025174 [DELETED] 
File: 175 KB, 819x819, 1638553321653.jpg [View same] [iqdb] [saucenao] [google]


>> No.54025186 [DELETED] 

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

>> No.54025199 [DELETED] 

>It's a nothingburger
Color me surprised

>> No.54025202 [DELETED] 

That's /tv/ dumbass

>> No.54025214 [DELETED] 
File: 68 KB, 489x489, s-l500_570x570_crop_top.jpg [View same] [iqdb] [saucenao] [google]

You will eat them. You will be happy.

>> No.54025231 [DELETED] 
File: 396 KB, 900x1119, 1677157545993773.jpg [View same] [iqdb] [saucenao] [google]

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?

>> No.54025238 [DELETED] 
File: 26 KB, 600x212, pls_dm_me_ser.jpg [View same] [iqdb] [saucenao] [google]

It's so over

>> No.54025239 [DELETED] 


>> No.54025240 [DELETED] 

Where are the meds?

>> No.54025258 [DELETED] 
File: 775 KB, 3914x3914, 1643949374185.png [View same] [iqdb] [saucenao] [google]

/tv/ here for the memes

>> No.54025259 [DELETED] 

>implying they are gone

>> No.54025264 [DELETED] 


>> No.54025274 [DELETED] 

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.

>> No.54025278 [DELETED] 

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

>> No.54025302 [DELETED] 
File: 204 KB, 850x1133, __takane_lui_hololive_drawn_by_guchico__sample-b9ed5eb197d765985d8dbd495c0987b6.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54025308 [DELETED] 

bitcoin or ethereum

>> No.54025320 [DELETED] 

>>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.

>> No.54025321 [DELETED] 
File: 754 KB, 1024x1024, 1678307481871613.png [View same] [iqdb] [saucenao] [google]

posting in a biz sticky thread

>> No.54025325 [DELETED] 

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

>> No.54025328 [DELETED] 

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

>> No.54025329 [DELETED] 

Is there any cosplay of this girl?

>> No.54025332 [DELETED] 

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

>> No.54025347 [DELETED] 

Ya but they’ll go down A lot too

>> No.54025349 [DELETED] 

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

>> No.54025353 [DELETED] 

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

>> No.54025359 [DELETED] 
File: 105 KB, 432x576, 1624287371910.png [View same] [iqdb] [saucenao] [google]

Not mad, just disappointed.

>> No.54025368 [DELETED] 
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>> No.54025373 [DELETED] 

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

>> No.54025377 [DELETED] 

what are the ramifications of this

>> No.54025378 [DELETED] 


>> No.54025381 [DELETED] 
File: 62 KB, 272x429, 1677194187401492.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54025387 [DELETED] 

uh oh we have a sticky habbening

>> No.54025400 [DELETED] 

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

>> No.54025403 [DELETED] 

>This can't be real
Oh but it is anon kek

>> No.54025404 [DELETED] 
File: 2.36 MB, 2257x3766, FpgOcKWXgAIycEJ.jpg [View same] [iqdb] [saucenao] [google]

/v/ here, standing back and standing by

>> No.54025414 [DELETED] 

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.

>> No.54025419 [DELETED] 
File: 248 KB, 1080x951, 1667963734425561.jpg [View same] [iqdb] [saucenao] [google]


>> No.54025421 [DELETED] 
File: 50 KB, 550x941, EggSuitcase.jpg [View same] [iqdb] [saucenao] [google]

/out/ reporting in, keeping the eggs safe.

>> No.54025424 [DELETED] 

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. :)

>> No.54025440 [DELETED] 

From @pulte
All the frauds being exposed

>> No.54025448 [DELETED] 

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

>> No.54025450 [DELETED] 

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

>> No.54025451 [DELETED] 

And Tether.

>> No.54025472 [DELETED] 
File: 223 KB, 640x520, 1575778975534.png [View same] [iqdb] [saucenao] [google]

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

>> No.54025473 [DELETED] 

Holy Shit. They really didn't learn anything.

>> No.54025476 [DELETED] 
File: 334 KB, 1448x956, 2.jpg [View same] [iqdb] [saucenao] [google]

2nd largest bank failure in the US

>> No.54025490 [DELETED] 
File: 1.26 MB, 1434x1497, 1672649595404832.jpg [View same] [iqdb] [saucenao] [google]

/k here, Ready to shoot some shit.

>> No.54025525 [DELETED] 

Anymore that hit like these two?

>> No.54025527 [DELETED] 
File: 321 KB, 576x579, 1594669197684.jpg [View same] [iqdb] [saucenao] [google]

Looks like I owe Michael Burry an apology YET AGAIN.

>> No.54025529 [DELETED] 
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>> No.54025534 [DELETED] 
File: 77 KB, 848x942, 1549983104841.jpg [View same] [iqdb] [saucenao] [google]

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

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

>> No.54025546 [DELETED] 

Go back, nafo-tranny

>> No.54025558 [DELETED] 

2nd largest bank failure in the US so far

>> No.54025579 [DELETED] 
File: 36 KB, 600x500, 1678281792484.jpg [View same] [iqdb] [saucenao] [google]

Kiwibros not like this

>> No.54025583 [DELETED] 

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

>> No.54025592 [DELETED] 

shit is lit

>> No.54025623 [DELETED] 

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

>> No.54025627 [DELETED] 
File: 88 KB, 900x709, aputannia.jpg [View same] [iqdb] [saucenao] [google]

Not my problem.

>> No.54025630 [DELETED] 

Kiwibro here, what did you mean by this

>> No.54025633 [DELETED] 

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?

>> No.54025635 [DELETED] 


>> No.54025637 [DELETED] 
File: 3.77 MB, 1920x1080, outthedoor.webm [View same] [iqdb] [saucenao] [google]

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

>> No.54025648 [DELETED] 
File: 93 KB, 500x457, 1621339993363.jpg [View same] [iqdb] [saucenao] [google]

Man I love this little nigger bird

>> No.54025656 [DELETED] 

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

>> No.54025663 [DELETED] 
File: 3.81 MB, 1920x1080, handscale.webm [View same] [iqdb] [saucenao] [google]



>> No.54025662 [DELETED] 

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

>> No.54025665 [DELETED] 
File: 236 KB, 1169x1166, F57BDF16-BA89-4DFD-9023-C8855315903F.jpg [View same] [iqdb] [saucenao] [google]


>> No.54025668 [DELETED] 

>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?

>> No.54025671 [DELETED] 

I am slurping as hard as I can

>> No.54025681 [DELETED] 
File: 28 KB, 576x520, 1678493542590.jpg [View same] [iqdb] [saucenao] [google]

burry was right again

>> No.54025687 [DELETED] 

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

>> No.54025690 [DELETED] 

Easy 8, maybe 9

>> No.54025692 [DELETED] 

cute, my weekly bills in one pic :)

>> No.54025697 [DELETED] 

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

>> No.54025700 [DELETED] 

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

>> No.54025705 [DELETED] 

nevermind I'm retarded

>> No.54025713 [DELETED] 

Oh boy. Prepare your anuses.

>> No.54025715 [DELETED] 
File: 174 KB, 593x563, 1623594440373.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54025721 [DELETED] 

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

>> No.54025725 [DELETED] 


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.

>> No.54025729 [DELETED] 

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.

>> No.54025731 [DELETED] 

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.

>> No.54025734 [DELETED] 

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

>> No.54025738 [DELETED] 

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

>> No.54025741 [DELETED] 
File: 37 KB, 657x527, 1666564921100681.jpg [View same] [iqdb] [saucenao] [google]

> 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?

>> No.54025753 [DELETED] 

>only 300 replies
biz is dead

>> No.54025761 [DELETED] 

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.

>> No.54025767 [DELETED] 

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

>> No.54025769 [DELETED] 

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?..

>> No.54025776 [DELETED] 

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

>> No.54025780 [DELETED] 

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.

>> No.54025790 [DELETED] 
File: 62 KB, 864x456, B664CFB7-F29B-4487-9158-A9719D1826BC.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54025793 [DELETED] 

>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

>> No.54025797 [DELETED] 

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

>> No.54025799 [DELETED] 

>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.

>> No.54025803 [DELETED] 

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

>> No.54025811 [DELETED] 

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

>> No.54025818 [DELETED] 

>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

>> No.54025820 [DELETED] 

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

>> No.54025827 [DELETED] 

broofs :DDD

>> No.54025834 [DELETED] 

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

>> No.54025837 [DELETED] 

>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

>> No.54025839 [DELETED] 
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>> No.54025846 [DELETED] 
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>> No.54025850 [DELETED] 

>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.

>> No.54025853 [DELETED] 

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

>> No.54025864 [DELETED] 
File: 83 KB, 1024x1017, 1676905886384898.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54025867 [DELETED] 
File: 93 KB, 720x507, 1664841123071984.jpg [View same] [iqdb] [saucenao] [google]

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.

>> No.54025871 [DELETED] 
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>> No.54025873 [DELETED] 

>barely any pink wojaks

>> No.54025874 [DELETED] 

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

>> No.54025883 [DELETED] 
File: 101 KB, 768x1024, FGP6BFbUYAE_vlY.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54025889 [DELETED] 


>> No.54025892 [DELETED] 
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>> No.54025947 [DELETED] 

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

>> No.54025953 [DELETED] 

/pol/ standing by

>> No.54025956 [DELETED] 

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

>> No.54025961 [DELETED] 

>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.

>> No.54026001 [DELETED] 

>dox yourself
No thanks :DDD

Happens to the best of us

>> No.54026003 [DELETED] 
File: 2.58 MB, 200x314, 1674949001455208.gif [View same] [iqdb] [saucenao] [google]

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

>> No.54026006 [DELETED] 

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.

>> No.54026015 [DELETED] 
File: 245 KB, 798x773, 1675113802351091.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54026024 [DELETED] 

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

>> No.54026030 [DELETED] 
File: 171 KB, 750x927, 20b8eb072e42f8dd27f739e4724194e442635f55d56eda72ddd19e90a935eb3d.jpg [View same] [iqdb] [saucenao] [google]

/tg/, rattling dice.

>> No.54026032 [DELETED] 
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>> No.54026035 [DELETED] 

>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.

>> No.54026053 [DELETED] 
File: 326 KB, 737x565, 1645723529115.png [View same] [iqdb] [saucenao] [google]

>it's over

>> No.54026055 [DELETED] 

Where's the pistol grip on your AK?

>> No.54026060 [DELETED] 

Lol my puts will print Monday

>> No.54026063 [DELETED] 
File: 898 KB, 442x471, 1677279929847002.gif [View same] [iqdb] [saucenao] [google]

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

>> No.54026067 [DELETED] 
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Future's so bright I gotta wear shades

>> No.54026069 [DELETED] 
File: 38 KB, 436x361, 1666901803891987.jpg [View same] [iqdb] [saucenao] [google]

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

>> No.54026085 [DELETED] 

>>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.

>> No.54026087 [DELETED] 

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

>> No.54026099 [DELETED] 

Not like this yejibros...

>> No.54026102 [DELETED] 

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

>> No.54026103 [DELETED] 
File: 935 KB, 498x498, 729CC4DD-67F1-49AB-9FBC-CB7C47CCF3B9.gif [View same] [iqdb] [saucenao] [google]

It’s actually happening

>> No.54026124 [DELETED] 

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

>> No.54026129 [DELETED] 
File: 54 KB, 1100x1100, 603490668.jpg [View same] [iqdb] [saucenao] [google]

Representing /fit/, lfg boys.

>> No.54026156 [DELETED] 
File: 926 KB, 720x720, XRP.webm [View same] [iqdb] [saucenao] [google]

It will finally be over...

>> No.54026158 [DELETED] 

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?

>> No.54026167 [DELETED] 

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.

>> No.54026169 [DELETED] 

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

>> No.54026179 [DELETED] 
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>> No.54026181 [DELETED] 

why isn't this the pinned thread song? it's perfect

>> No.54026183 [DELETED] 
File: 115 KB, 872x1020, 1677714019159291.jpg [View same] [iqdb] [saucenao] [google]

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

this all seems kinda gay to me

>> No.54026184 [DELETED] 

You should have did that today

>> No.54026188 [DELETED] 
File: 124 KB, 602x806, its_over.jpg [View same] [iqdb] [saucenao] [google]

you know you can check for yourself right

>> No.54026190 [DELETED] 

Someone should sent them a private message calling them dirty kikes

>> No.54026208 [DELETED] 

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

>> No.54026212 [DELETED] 

151 billion total or 97% are insured lmao.

>> No.54026221 [DELETED] 

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

>> No.54026224 [DELETED] 

Basically, more white women fucking black men.

>> No.54026228 [DELETED] 
File: 156 KB, 500x355, 1476722553700.gif [View same] [iqdb] [saucenao] [google]

>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.

>> No.54026230 [DELETED] 

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

>> No.54026240 [DELETED] 
File: 168 KB, 727x946, 2023-03-10_19-36-12.jpg [View same] [iqdb] [saucenao] [google]

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

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

>> No.54026248 [DELETED] 
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>> No.54026255 [DELETED] 
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>> No.54026264 [DELETED] 

>to big to fail

>> No.54026269 [DELETED] 
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>> No.54026275 [DELETED] 


>> No.54026290 [DELETED] 

USDC doing a lil sumsum

>> No.54026292 [DELETED] 

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

>> No.54026308 [DELETED] 
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>> No.54026311 [DELETED] 
File: 91 KB, 536x917, 1674115454495540.jpg [View same] [iqdb] [saucenao] [google]

Its over

>> No.54026313 [DELETED] 


>> No.54026325 [DELETED] 
File: 436 KB, 934x906, 1678481963741484.jpg [View same] [iqdb] [saucenao] [google]

Anon, I...

>> No.54026332 [DELETED] 

back to reddyt

>> No.54026340 [DELETED] 
File: 268 KB, 220x218, 1674667496931752.gif [View same] [iqdb] [saucenao] [google]

"annnnnd it's gone."

>> No.54026345 [DELETED] 

If Barclays go under you'd be dead anyway. Too big to fail. Don't worry, worrypants. Also, you're insured.

>> No.54026368 [DELETED] 
File: 201 KB, 1125x781, 1678482058733043.png [View same] [iqdb] [saucenao] [google]

Techbros, I don't feel so good...

>> No.54026390 [DELETED] 

It's not about being too big to fail. It's about not letting a couple hundred billions fuck up half of the startup economy. Just print a bit of money and get over with it.

>> No.54026394 [DELETED] 

Has nothing to do with the Fed. This is a Congress thing, just like last time. Fucking retard.

>> No.54026395 [DELETED] 


>> No.54026396 [DELETED] 

its no surprise when 3 out 6 banks that circle had its usdc treasuries backed in were silvergate , silicon valley and signature bank kek

>> No.54026397 [DELETED] 


>> No.54026407 [DELETED] 
File: 243 KB, 750x462, 0FDEBA0C-3C91-4EED-B8F8-000CFFB676FB.jpg [View same] [iqdb] [saucenao] [google]

/pol/tard tourist here. How bad is this? Please refer to the ron pa happening doomsday chart (pic rel).

>> No.54026414 [DELETED] 

He's not in charge, doesn't matter what he says. What does JPOW says, the only man running the economy

>> No.54026416 [DELETED] 
File: 217 KB, 510x751, 03003004-6735-432F-B967-6E8B6C47CA8B.png [View same] [iqdb] [saucenao] [google]

>2008 happened because the banks used equal opportunity lending to sell houses to niggers who couldn’t afford them, then bet against themselves with short selling.

This isn’t the same thing. If it is, where are the niggers?

>> No.54026423 [DELETED] 

this man clearly has skin in the game lmao
should've gone with JPMorgan

>> No.54026436 [DELETED] 
File: 18 KB, 342x351, 1542337988069.jpg [View same] [iqdb] [saucenao] [google]

>Just print a bit of money
just grab some from the inflation bill.

>> No.54026437 [DELETED] 

>Does TLT go up if the fed pivots?
Yes, because investors react before they think.
You can play it both ways if your timing is good.

>> No.54026438 [DELETED] 

they are not shorting niggers anon
they are shorting white people

its for real this time

>> No.54026440 [DELETED] 

Nothingburger cause bailouts happening

>> No.54026447 [DELETED] 
File: 1.42 MB, 2176x3200, 1674261391277545.jpg [View same] [iqdb] [saucenao] [google]

We warned you about banks, bro. We warned you.

>> No.54026450 [DELETED] 

I'm feeling sick...

>> No.54026454 [DELETED] 
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>> No.54026453 [DELETED] 

The niggers this time around are the techtards in California.

>> No.54026460 [DELETED] 

hope it crashes and burns lmao

>> No.54026464 [DELETED] 
File: 340 KB, 536x688, 1663609339161158.png [View same] [iqdb] [saucenao] [google]

/lgbt/ here
I don't really understand it all but I'm here for the memes

>> No.54026467 [DELETED] 

Bailouts are a huge something burger you fucking moron, that's the point. No matter what happens now, it's all fucked. Depression or Hyperinflation pick one. We might be lucky enough to taste parts of both

>> No.54026475 [DELETED] 

They liquidate the bank's assets to refund the investors too, dumbasses.

>> No.54026478 [DELETED] 

/tg/ here I'm just going to continue painting miniatures and pretending nothing is wrong.

>> No.54026481 [DELETED] 

i like crypto but coinbase and their fees can suck it

>> No.54026482 [DELETED] 
File: 277 KB, 600x404, 1619464195245.jpg [View same] [iqdb] [saucenao] [google]

I'm Coyote Peterson, and this... is calling the janny a nigger.

I'm here on the boards of /biz/ at 4channel.org, where a vicious beast called "the janitor" lurks in the shadows. His diet consists of hot pockets, and he spends most of his time jerking off to blacked on his anime body pillow which is why he leaves cuck threads up. But with a little dedication, I think we can lure him out, to see his fabled sting. Also known as a "ban", the janitor's sting can hurt for up to 3 days on average, but in rare cases, have had residual effects for a lifetime. Oh... I think I see one. Yeah that's it. Over there in his mom's basement. Do you see it? Oh wow, what a big fella. Look at the fat rolls on his abdomen. While most would call him disgusting, you have to admire mother nature and what she's created here. Alright now that the janitor is here, we'll bait him into giving us his dreadful sting.

Kids, don't try this at home.

Janny... you're a nigger.

It's like an intense burning through my entire ip address
You can see it turn black around the border of the ban screen

That's it for us here on Brave Wilderness

>> No.54026501 [DELETED] 
File: 45 KB, 488x488, 1668478356286085.jpg [View same] [iqdb] [saucenao] [google]

is this really a happening or just doomers blowing things out of proportion?

>> No.54026505 [DELETED] 

All those valuable assets that the collapsed bank was sitting on. I bet they'll make a mint.

>> No.54026509 [DELETED] 

People have been saying that for 2 years now. It's going to be fine, probably

>> No.54026512 [DELETED] 

50% of all venture backed US companies are exposed, gee Idk

>> No.54026514 [DELETED] 
File: 606 KB, 1024x1024, 1578340071226.jpg [View same] [iqdb] [saucenao] [google]

>No John, you are the niggers.

>> No.54026525 [DELETED] 

I'm sure it's far more than 250k per person's worth

>> No.54026528 [DELETED] 

Moments before Michael Burry nuked his twitter account
>It is possible today we found our Enron.
qrd on Enron?

>> No.54026541 [DELETED] 
File: 113 KB, 1024x576, 1662670071940866m.jpg [View same] [iqdb] [saucenao] [google]

Lets go total collapse, maximum chaos, finally all these years of prepping
ITS happening

>> No.54026542 [DELETED] 

>all venture backed US companies

>> No.54026543 [DELETED] 

I bet it's far less than it needs to be.

>> No.54026544 [DELETED] 

Okay and this bank didn't collapse until now and you're no longer dealing with the hypothetical. It has arrived. In this moment, you are faced with it.

>> No.54026553 [DELETED] 

i'm sure most of those are just vaporwave so they are not that important

>> No.54026557 [DELETED] 

They faked their deaths

>> No.54026565 [DELETED] 


>> No.54026567 [DELETED] 

lmao "the vaporwave crash" would be an awesome chapter in a history book

>> No.54026569 [DELETED] 

fucking clipping out the 50% I specifically wrote in there, you fucking disingenuous retard.

>> No.54026576 [DELETED] 
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>> No.54026582 [DELETED] 

If USDC had about 30% of their reserves disappear, that means that the floor is 70c, right?

>> No.54026586 [DELETED] 

inflated their revenues by faking them and cooked their debt books

>> No.54026628 [DELETED] 

The tech sector is notoriously important for US economic growth, and every single vaporware company counted as part of that assertion.

>> No.54026633 [DELETED] 
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>> No.54026635 [DELETED] 

I’m going to need a non paywalled link

>> No.54026638 [DELETED] 
File: 1.63 MB, 500x500, 1599093353303.gif [View same] [iqdb] [saucenao] [google]

That reminds me

The office-related ones are always great

>> No.54026648 [DELETED] 
File: 14 KB, 588x246, OhDear.png [View same] [iqdb] [saucenao] [google]

>> No.54026656 [DELETED] 

clipped the important part here >>54026633

>> No.54026676 [DELETED] 

What's the next bank to fail? Schwab? Wells Fargo? First Republic?

>> No.54026678 [DELETED] 


lets crowdsource

>> No.54026687 [DELETED] 

digits and its all of them

>> No.54026694 [DELETED] 
File: 71 KB, 700x605, 1676265853676154.jpg [View same] [iqdb] [saucenao] [google]

None (yet).
This is a manufactured fear event.

>> No.54026702 [DELETED] 

this guy must have so many enemies by now

>> No.54026703 [DELETED] 
File: 2.45 MB, 2040x2689, 1602362827769.jpg [View same] [iqdb] [saucenao] [google]

pol reporting in. anons I have seen the ufos irl. we are slaves here to the tech masters. good luck.

>> No.54026705 [DELETED] 


>> No.54026706 [DELETED] 

First Republic almost definitely the next to fail out of the ones you listed

>> No.54026713 [DELETED] 

that would be amusing.

>> No.54026718 [DELETED] 

Bank of America

Terry Davis told me so in a dream about 2 years ago

>> No.54026723 [DELETED] 

Why is this making people panic?

It's EXACTLY what should've been done in 2008. Nowadays banks are tested harder than before and before they blow up in pieces, the regulator should intervene.

This isn't bad news overvall.

>> No.54026726 [DELETED] 

take a guess

>> No.54026729 [DELETED] 

credit suisse

>> No.54026736 [DELETED] 

probably no good internet on there and i won't bother with calling some faggot technician to get it set up properly

>> No.54026740 [DELETED] 
File: 29 KB, 426x542, 1475460862363.jpg [View same] [iqdb] [saucenao] [google]

>yfw you get to watch another 2008 crisiskino

>> No.54026743 [DELETED] 

that doesn't mean it's 50% of all venture capital, which means it's nothing. A venture backed company got money from SVB 20 years ago? It's in the list.
It's nothing. You wish so hard for banking collapse, just as you wished hard for hyperinflation. Guess what? Not happening.

>> No.54026744 [DELETED] 

Fuck that's right people were talking about that months ago

>> No.54026748 [DELETED] 
File: 133 KB, 900x1020, 1666238829144611.jpg [View same] [iqdb] [saucenao] [google]

/cm/ standing by
going to slurp the bottom and buy myself a top later

>> No.54026757 [DELETED] 

97% of accounts losing money
>This isn't bad news overvall.
>In a company that serves half of all venture-backed US companies

>> No.54026769 [DELETED] 
File: 221 KB, 800x875, get-the-book-and-dvd.png [View same] [iqdb] [saucenao] [google]

Why didn't you just Follow the Smart Money™?

>> No.54026772 [DELETED] 

Did I fucking say it was? Holy shit I hate sharing the autistic speech therapy board with you fucks

>> No.54026782 [DELETED] 

these people are delusional

>> No.54026785 [DELETED] 
File: 202 KB, 612x611, cV7aJyxAAU8q.jpg [View same] [iqdb] [saucenao] [google]

/g/ I'm already on 100% cash

>> No.54026786 [DELETED] 
File: 289 KB, 680x680, 4546546.png [View same] [iqdb] [saucenao] [google]

The Federal Reserve

>> No.54026794 [DELETED] 

This post is very representative of the iq of this board these days.

>> No.54026799 [DELETED] 

it's not gonna crash, anon.
And I understood perfectly well what you WISH you could've said.

>> No.54026809 [DELETED] 
File: 54 KB, 344x381, OcoP0ip.jpg [View same] [iqdb] [saucenao] [google]

>You wish so hard for banking collapse, just as you wished hard for hyperinflation. Guess what? Not happening.

>> No.54026819 [DELETED] 

How did Baal got associated with Satanism? In ancient Egypt Baal was god of fertility and weather,

>> No.54026829 [DELETED] 

Is it happening?

>> No.54026835 [DELETED] 

Not going to crash? It already fucking has you monkey brained retard, it has been fucking SEIZED BECAUSE IT CRASHED.

>> No.54026841 [DELETED] 

I've never even heard of this bank. What does that mean for my understanding of the situation?

>> No.54026851 [DELETED] 
File: 41 KB, 667x211, 220745.jpg [View same] [iqdb] [saucenao] [google]

uh oh. CEObros???

>> No.54026865 [DELETED] 

nah, it won't spread.
In this specific situtation it means it's not an important bank.

>> No.54026871 [DELETED] 

Oh boy here we fucking go.

>> No.54026875 [DELETED] 
File: 17 KB, 240x312, sweatingman.jpg [View same] [iqdb] [saucenao] [google]

> personal mortgages
> home equity lines
> for hundreds of thousands of people who just missed their payroll
Holy fuck. The housing crash is actually here.

>> No.54026880 [DELETED] 


>> No.54026882 [DELETED] 

Won't? It already has, do you know how many fucking businesses there are that already cannot pay their fucking staff?

>> No.54026884 [DELETED] 

damn, there's a literal silicon valley employee in this thread right now

>> No.54026888 [DELETED] 

They better not get a fucking bail out. Retards went long on 10Y bonds at 1.6%

>> No.54026890 [DELETED] 

Diablo 2.

>> No.54026891 [DELETED] 
File: 61 KB, 630x354, me0wKyMPGbwl.jpg [View same] [iqdb] [saucenao] [google]

/g/ reporting in. Is this 2008 all over again?

>> No.54026896 [DELETED] 


>> No.54026905 [DELETED] 

I fucking wish

>> No.54026908 [DELETED] 


>> No.54026912 [DELETED] 

It's of a similar scale, and it's starting with the techbros of Silicon Valley instead of random negroes with subprime mortgages.

>> No.54026917 [DELETED] 

it's 2023, time goes forward and doesn't loop retard

>> No.54026918 [DELETED] 

Nope. This is a total nothingburger. Anyone who thinks this is going to result in anything serious is a Trumpist stooge.

>> No.54026921 [DELETED] 

Yep. Our suffering is almost over.

>> No.54026928 [DELETED] 

>implying /biz/ (/pol/-lite) happ000000ning tards know anything
lmao. There's literally 0 people here who took their own money out of their own banks.

>> No.54026945 [DELETED] 

Kek just imagine if they do a bail in.

>> No.54026948 [DELETED] 

I can never know the exact scale of an event on 4chan because fucking everyone is trying their hardest to out doompost the other.

>> No.54026966 [DELETED] 

I skimmed the SVB wiki page and it seems important. Lending to high net worth individuals and Silicon Valley tech companies? If I'm not mistaken, SV is responsible for a lot of America's economic power. Therefore, if SV gets proper fucked by this, won't America as well?

>> No.54026970 [DELETED] 

It has been a bubble for a while now. California in particular has needed one for a while. The problem (this is more CA specific) is the housing shortage on top of that. It doesn't really make sense to have a crash when housing is in such high demand. I'm not particularly smart so I don't know what exactly that looks like.
Monday and the coming week will be a bigger tell of what is to come.

>> No.54026994 [DELETED] 

There are zero. Companies not only keep their money in different banks, but they also have access to payroll loans. They'll be fine.

>> No.54027018 [DELETED] 
File: 178 KB, 375x375, 1658349251136382.gif [View same] [iqdb] [saucenao] [google]

/pmg/ reporting in, smug and cozy as usual.

>> No.54027039 [DELETED] 

Even if what you say is true, which it isn't, major payroll services that a lot of tech startups use to pay their employees have everything tied up in Silicon Valley Bank...

>> No.54027060 [DELETED] 

if it's another 2008 then does that mean that another bitcoin-like project will be released in about 1 year?

>> No.54027063 [DELETED] 

Honestly you're doing it wrong if you aren't joining in. This isn't the place to come for news.

>> No.54027066 [DELETED] 

Is this in the real world
Are we still running a simulation?

>> No.54027074 [DELETED] 

This is probably like a 2 or 3 on a scale of 1-10, it's bad but not that bad. A few tech companies that are pretty large (most you haven't heard of) will go under.

>> No.54027082 [DELETED] 
File: 652 KB, 1390x776, 1658809603988354.png [View same] [iqdb] [saucenao] [google]

/vt/ says hi again

>> No.54027088 [DELETED] 

Yeah bro, let us know when you start paying for things with gold shavings or sell your PM's for USD and put it back into a bank.

>> No.54027099 [DELETED] 

The tech bubble existed specifically because we deferred the crash in 2008
Without 0% interest rates and offramp government subsidies, almost every tech company would have gone bankrupt by now, or more likely would never had existed

>> No.54027104 [DELETED] 
File: 608 KB, 878x719, 1594152285616.png [View same] [iqdb] [saucenao] [google]

this time of year seems fit for happenings the past 4 years

>> No.54027107 [DELETED] 

>SV is responsible for a lot of America's economic power
You underestimate American's economic power if you think that.
Tech companies and PoT (people of tech) may suffer a bit in the short term, but the rest of the financial industry will take up the pieces quickly enough. No company will fail because of this.
150 billion is not that much money for the American financial system.

>> No.54027123 [DELETED] 

This depends entirely on there not being a domino effect. These banks are all incestuously interlinked and a major one going down could pull down many others. And because this is happening on a Friday, we won't even know until Monday.

>> No.54027143 [DELETED] 
File: 53 KB, 553x737, 1673472094281.jpg [View same] [iqdb] [saucenao] [google]

wait until /biz/ finds out the same is true for fake internet money

>> No.54027148 [DELETED] 

>lot of tech startups everything tied up in Silicon Valley Bank...
I'm afraid not.

>> No.54027173 [DELETED] 
File: 68 KB, 441x523, 1632257884817.jpg [View same] [iqdb] [saucenao] [google]

>a Trumpist stooge
nice buzzword bingo!

>> No.54027175 [DELETED] 

>purposefully misquoting
Why even bother, rabbi?

>> No.54027188 [DELETED] 

>So this bank was responsible for nearly half of all Tech start ups lending
>47% of all Biomedical IPOs
This isn't the issue yet we are unraveling that.

See American had been running on "free money" for the last 13 year you wanted money from bank at low interest you got it easy. Then 2020 happened and we printed A LOT of money to make super free money, PCP loans, and bail outs to survive the shut downs.

Suddenly the Federal Reserve realizing very late there is an inflation spiral begins raising rates fast. Fastest rate hikes since the 80s when the rates hit 20%. The intent is to slow down lending which slows inflation.

Why does this matter because it meant banks can't get free money. If they need to borrow money then the bank needs to pay with interest and this hurts the banks. SVB was handing out a lot of risky loans and well when the Tech Start Ups failed the loans stopped being repayed. Causing SVB to take on debt to sustain itself.

Now why is this a big deal well SVB was the 15th I think largest bank in the US on top of that several companies banked with them meaning when the bank failed those multi million dollar accounts turned into .25 million dollar pity checks. Finally when a bank fails it stresses the banks that lended to keep them a float sort of working through the banking system like a virus actually called a contagion.

But now the fun part see SVB had across the board A ratings meaning the entire system used to rate the banks safety, your moneys safety is under scrutiny sending panic and becoming the catalyst for bank runs which could break other banks as they DO NOT have your money on hand. Also there have already been video of people getting arrested for wanting their money.

Have some /tv/ kino explaining what happens.

>> No.54027197 [DELETED] 

Rippling is just one example of a payroll firm that got caught up in this mess

>> No.54027199 [DELETED] 

more details on who is apparently affected by this, as per wikipedia

>Following the news, several venture capitalist firms including Founders Fund, Coatue Management, and Union Square Ventures advised their portfolio companies to withdraw their money out of SVB

Founders Fund
>Founders Fund had more than $11 billion in aggregate capital under management as of 2022
>The firm's investments include Airbnb, DeepMind, Lyft, Facebook, Flexport, Palantir Technologies, SpaceX, Spotify, Stripe, Wish, Neuralink, Nubank, and Twilio.[17]

Coatue Management
>Assets under Management: $70 billion
>notable investments include: Airtable, Ant Financial, Anaplan, ByteDance, Chime, Dapper Labs, Databricks, DoorDash, Instacart, Meituan, OpenSea, Snap Inc., SoFi, Spotify, Abacus.AI

Union Square Ventures
>The firm has backed more than 130 startups, including Twitter, Etsy, Stripe, Coinbase, Zynga, Tumblr, Stack Overflow, Meetup, Kickstarter, MongoDB, Flurry, and Carta.[1]

>> No.54027226 [DELETED] 
File: 2.28 MB, 1080x1080, 1634355518122.png [View same] [iqdb] [saucenao] [google]

If svb took a shit, and the tech bubble popped, does that mean we are going to see fields of pink wojaks on monday as crypto will freefall harder than ever before for being... tech?

>> No.54027230 [DELETED] 
File: 2.94 MB, 1280x720, anonposting.webm [View same] [iqdb] [saucenao] [google]

FTX imploding wasn't as big as this though FTX was probably more spectacular in its absurdity.

>> No.54027247 [DELETED] 

Anon, saying the payroll system is the important thing in all that is even more stupid. They'll just pick another bank on Monday.

>> No.54027251 [DELETED] 

>emissions control lamp
I laughed because for a second I thought it was low on gas but I don't even know wtf kind of faggot car cares about le emissions, I've never seen this.

>> No.54027257 [DELETED] 

Crypto doesn't fall until traditional collateral sources completely evaporate. How close we are to that moment is anyone's guess.

>> No.54027263 [DELETED] 
File: 193 KB, 1000x1000, Smoked%20Sprats%20in%20Oil%20Riga%20Gold-01.jpg [View same] [iqdb] [saucenao] [google]

impressive. very nice. now let's see the Riga sprats.

>> No.54027269 [DELETED] 
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>> No.54027270 [DELETED] 
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>> No.54027272 [DELETED] 
File: 67 KB, 1085x665, jpm svb.png [View same] [iqdb] [saucenao] [google]

>JPM calls large SVB depositors to tell them to run from SVB
>$45 billion bankrun overnight
>FDIC now likely to sell SVB to JPMorgan

JPMorgan ordered a killshot on SVB just like they did with Washington Mutual in 08.
They'll get billions in SVB assets for pennies on the dollar. How is this legal?

>> No.54027293 [DELETED] 
File: 493 KB, 828x1442, 6F9AD979-5AE2-469C-B68C-E013C06F42A7.jpg [View same] [iqdb] [saucenao] [google]

Ah fuck me I haven’t cashed my check from these cocksuckers yet.

>> No.54027308 [DELETED] 

It's going to be like 2008 all over again. BUY when the banks are CHEAP.

>> No.54027319 [DELETED] 

Omg the FDIC WORKS! Red wojaks btfo. I love the federal government, new American century let’s goooooo! Listen to Peter Zeihan, the guy knows his shit.

>> No.54027321 [DELETED] 
File: 1.99 MB, 429x600, moass4themoass.gif [View same] [iqdb] [saucenao] [google]

The only safe hedge in this scenario is GME.

>> No.54027324 [DELETED] 

>some stupid startup that does the job of the HR deparment for them
come on...

>> No.54027337 [DELETED] 

>FDIC now likely to sell SVB to JPMorgan
There isnt really any evidence of that yet.

>> No.54027342 [DELETED] 


>> No.54027348 [DELETED] 
File: 6 KB, 282x179, index.jpg [View same] [iqdb] [saucenao] [google]

SVB is not a real bank
We purposefully financed it wrong, as a joke.

>> No.54027369 [DELETED] 
File: 53 KB, 370x493, 1599800595056.jpg [View same] [iqdb] [saucenao] [google]

Its the check engine light for WV golfs, anyway sign your in to piss away a lot of cash

>> No.54027370 [DELETED] 

imagine simping for fake goverment money

>> No.54027371 [DELETED] 

The lightning will stuff them again

>> No.54027379 [DELETED] 

I agree, it is stupid, but that's exactly what they do

>> No.54027388 [DELETED] 
File: 17 KB, 377x382, I&#039;ll wait.jpg [View same] [iqdb] [saucenao] [google]

Hello yes. FDIC! I need my 200 million moved out of SVB immediately!
$250,000 is all I was insured for... but I had 200 million how will I pay my employees and business expenses...
Why are you laughing?
No I will not hold.
Okay I'll wait...

>> No.54027401 [DELETED] 


>> No.54027417 [DELETED] 

A lot of these tech companies are not as smart as you think they are.

>> No.54027437 [DELETED] 
File: 61 KB, 658x613, 1670561723435599.jpg [View same] [iqdb] [saucenao] [google]

what is USDC and why is it depegging?

>> No.54027440 [DELETED] 
File: 3.07 MB, 498x493, kys.gif [View same] [iqdb] [saucenao] [google]


>> No.54027449 [DELETED] 

Being young is a benefit the best things in this situation is to be young because you can work out of it. Imagine being a boomer and not recognizing how bad this is and your retirement is now getting destroyed because you didn't switch it over to a low risk fund.

HAHAHAHAHAAHAHAHAHAHAHA! OH BOY are you a tourist from another board? Because you have no idea how bad this shit is.

>> No.54027457 [DELETED] 


>> No.54027467 [DELETED] 

>b-b-b-but MUH TAX DOLLARS

>> No.54027482 [DELETED] 

>No company will fail because of this.
not even my biotech fish farming startup?

>> No.54027495 [DELETED] 
File: 559 KB, 692x818, 1677597000421878.png [View same] [iqdb] [saucenao] [google]

>Meme bank didn't hold enough customer deposits
Wow! Fractional banking. How does it work?

>> No.54027500 [DELETED] 

What does this have to do with crypto?
All fields frens

>> No.54027507 [DELETED] 
File: 2.86 MB, 640x480, 8995956334.webm [View same] [iqdb] [saucenao] [google]

/pol/ here. accelerate.

>> No.54027513 [DELETED] 

Pffft. The US government doesn't bail out banks. The Federal Reserve does and they are committed to beating inflation which means there will be no bail outs. It's not 08 these are the sins of 08 coming to haunt us.

>> No.54027517 [DELETED] 

This. It won't even be your tax dollars that pay for it. Let Bill Gates foot the bill.

>> No.54027519 [DELETED] 
File: 251 KB, 400x400, 183876238622342.png [View same] [iqdb] [saucenao] [google]

good thing i have all my money in TCGs

>> No.54027518 [DELETED] 

/out/ here my lake is full of bass and catfish will this affect me?

>> No.54027520 [DELETED] 
File: 53 KB, 1171x363, 20230310_211302.jpg [View same] [iqdb] [saucenao] [google]

Who could have seen this coming??

>> No.54027525 [DELETED] 
File: 295 KB, 480x640, enol.png [View same] [iqdb] [saucenao] [google]

did i make you upset anon?

>> No.54027529 [DELETED] 

>they are committed to beating inflation
by printing money?

>> No.54027532 [DELETED] 


>> No.54027536 [DELETED] 

Godskin Noble

>> No.54027539 [DELETED] 

Worm prices are going to go through the roof. Dig while you can.

>> No.54027551 [DELETED] 
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>> No.54027589 [DELETED] 
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Should I pull my savings out of the bank?

>> No.54027591 [DELETED] 
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>> No.54027605 [DELETED] 
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>Wow! Fractional banking. How does it work?
Fractional reserve banking was suspended during the pandemic and still is. We're in Italian bench market mode right now.

>> No.54027606 [DELETED] 
File: 28 KB, 124x128, 1644021848890.gif [View same] [iqdb] [saucenao] [google]

You startup babbies are fucked

>> No.54027627 [DELETED] 

the fed is not printing money at the moment

>> No.54027661 [DELETED] 

You misspelled semite

>> No.54027667 [DELETED] 

finally, my boxes of 2018 bullshit will be worth more than $140

>> No.54027671 [DELETED] 
File: 82 KB, 944x592, Screenshot from 2023-03-10 17-46-25.png [View same] [iqdb] [saucenao] [google]

It took 2 days for Charles Schwab to lose 2 years worth of growth.

>> No.54027677 [DELETED] 


>> No.54027693 [DELETED] 


>> No.54027694 [DELETED] 

>increasingly nervous bull sweating as he stands at the precipice

>> No.54027695 [DELETED] 

MBS were part of their assets. This will cascade into property obviously.

>> No.54027701 [DELETED] 

ok, that's a bit concerning

>> No.54027703 [DELETED] 

I should go to church

>> No.54027716 [DELETED] 
File: 44 KB, 294x235, 1676243488786207.gif [View same] [iqdb] [saucenao] [google]

Like a Dave Chappelle Sketch, clown world needs to stop soon

>> No.54027720 [DELETED] 
File: 138 KB, 1002x1000, 1616286477723.jpg [View same] [iqdb] [saucenao] [google]

/trash/ reporting in, holding cash
What the did the hooknoses do this time?

>> No.54027727 [DELETED] 

i'm only 26 with a average salary of 50k/ year salary

and 5k of credit card debt. its over anon.

unironically, my boomer father will get through with this. He isn't over leveraged and invest in business that practically run themselves like laundromats

>> No.54027738 [DELETED] 

>Wow! Fractional banking. How does it work?

it doesnt

>> No.54027745 [DELETED] 
File: 64 KB, 976x549, Paul Volcker.jpg [View same] [iqdb] [saucenao] [google]

Oh boy.

The current FED is trying to limit money printing and has rose rates at a speed not seen since the 80s. This is a repercussion of the money printing this same FED did. The issue is raising rates hurts banks, which in turn hurts business, which hurts consumer spending which lowers inflation.

See this man. Jews fear this man more then Hitler because he did something they still wet themselves over. It's time you learned about the 80's and the Volcker shock.

>> No.54027787 [DELETED] 

>only 5k of credit card debt
Just pay it off lol. What are your investment allocations you have a salary so I know you have a 401k.

The usual gooning is tax free for now. Don't keep your money locked up in banks for a while.

>> No.54027808 [DELETED] 

My startup is in the recruitment market, we just contracted a 200k bank credit aswell as 125k public founding. If the employment market crashes we're so fucked, thank god I didn't contract anything with personal liability lol

>> No.54027810 [DELETED] 
File: 75 KB, 758x1024, 1678493093332073m.jpg [View same] [iqdb] [saucenao] [google]

Wow. Diversity hires. How could this go wrong?

>> No.54027814 [DELETED] 
File: 107 KB, 659x692, 1678078563998429.png [View same] [iqdb] [saucenao] [google]

>make money
>take money out of bank
>golem stops you on the route
>hey sir do you have any money on you
>yee.. yes sir
>how much
>50k but it's to do.. home improvements
>sorry sir you can't take more than 10k in cash and you may be a terrorist this limit has not been updated since 1970 when a house was 15k usd but that's not my problem
>money seized
>us government bypasses constitution by doing a trial against the money instead of you
>us gov vs 50k usd cash

>> No.54027829 [DELETED] 
File: 469 KB, 500x375, 000000000_43.png [View same] [iqdb] [saucenao] [google]

/mlp/ here shidding and farding like usual

>> No.54027843 [DELETED] 

>Why does this matter because it meant banks can't get free money. If they need to borrow money then the bank needs to pay with interest and this hurts the banks. SVB was handing out a lot of risky loans and well when the Tech Start Ups failed the loans stopped being repayed. Causing SVB to take on debt to sustain itself.
interesting. How risky were these loans, exactly?

>> No.54027867 [DELETED] 

What the fuck they are two separate people?

>> No.54027872 [DELETED] 

They're bankrupt

>> No.54027873 [DELETED] 


>> No.54027876 [DELETED] 
File: 475 KB, 512x640, 1678269121672311.png [View same] [iqdb] [saucenao] [google]

Monday is going to be fun.

>> No.54027879 [DELETED] 

I'm a retard swedish neet and I'm only here for the happening
what does this mean?

>> No.54027881 [DELETED] 

They would probably fund things like Juicero and Smalt

>> No.54027886 [DELETED] 
File: 45 KB, 217x209, 1415776755221.png [View same] [iqdb] [saucenao] [google]

>/biz/ sticky

>> No.54027887 [DELETED] 

ok retard

>> No.54027891 [DELETED] 
File: 833 KB, 220x313, 1659061757992926.gif [View same] [iqdb] [saucenao] [google]

>tfw MOASS

>> No.54027906 [DELETED] 
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Not as rare as you may think, also fuck the janny that put "the end of evangelion" song as the board background music during march 2020

>> No.54027915 [DELETED] 
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/o/ reporting

>> No.54027925 [DELETED] 


>> No.54027936 [DELETED] 

Would be hilarious of Biden cancel FDIC insurance for non niggers and non women.

>> No.54027937 [DELETED] 
File: 83 KB, 905x1024, 1676854272003807m.jpg [View same] [iqdb] [saucenao] [google]

>tfw hell baal drops tyreal's

>> No.54027942 [DELETED] 
File: 105 KB, 600x450, 1676146290653615.jpg [View same] [iqdb] [saucenao] [google]

/ck/ here! time to oil up

>> No.54027951 [DELETED] 

truly comfy music to listen to while all my savings evaporate into nothingness

>> No.54027958 [DELETED] 

Bank runs have begun

>> No.54027965 [DELETED] 

go back to /pol/

>> No.54027981 [DELETED] 

no retirement in anyway. i just liquidated my 30k portfolio it so our family could have several nest egg when interest rates were near 0%

2 business and 2 house.

all the while while paying for a masters degree

hard assets mean nothing to complete banking failure

>> No.54027996 [DELETED] 
File: 89 KB, 340x264, 1599107041977.png [View same] [iqdb] [saucenao] [google]

I have always loved VW Golfs, and just yesterday someone told me they're costly. I didn't even know. Now you're telling me this.
Do they really suck?
I don't want to tell you what I drive because it's a '22 Hyundai

>> No.54028029 [DELETED] 
File: 10 KB, 537x399, Hang in There.png [View same] [iqdb] [saucenao] [google]

/vg/ /funkg/ reportan

>> No.54028033 [DELETED] 
File: 609 KB, 630x494, 1678194758725111.gif [View same] [iqdb] [saucenao] [google]

Shut the fuck up, shill.

>> No.54028038 [DELETED] 

Corrupt US government policy towards banking is why we're even having this conversation. The membranes between the worlds of /biz/ and /pol/ have worn thin with auspicious stars. Tonight, we are one board.

>> No.54028046 [DELETED] 

I had a friend who had tons of puts on this. Is he rich now or do they expire?

>> No.54028049 [DELETED] 

Oooo, testy, huh? Are you some tech fag watching the modern Sodom and Gomorrah explode in an inferno?

>> No.54028060 [DELETED] 

Don't give him any ideas. You just KNOW one of his staffers has already brought this idea up to him within the past 24 hours.

>> No.54028062 [DELETED] 
File: 75 KB, 640x480, 1675585581672387.jpg [View same] [iqdb] [saucenao] [google]

/o/tist reporting in

>> No.54028070 [DELETED] 

Just got an email from management that my company and all of our clients have accounts here
Its fucking over

>> No.54028083 [DELETED] 

I've an oxygen sensor fault engline light for nearly 3 years
couldn't give a fuck
fuck emissions filters

>> No.54028086 [DELETED] 

How do you fall for bait this shitty?

>> No.54028105 [DELETED] 
File: 126 KB, 1156x1026, FmKI7XHXwAA7TD-.jpg [View same] [iqdb] [saucenao] [google]

Like another anon said: metals.

>> No.54028111 [DELETED] 

/o/ here, lamenting that i'll never be able to buy my dream car

>> No.54028127 [DELETED] 

old fart who watched the 2008 crash live over months; ama

maybe. It's the crisis of confidence which sets things off. With this bank gone, other banks are now rethinking their risk; and if there are any mutual clients who relied on debt to stay afloat; they'll find themselves getting capital calls from multiple banks at once. Meanwhile; this will also freeze up credit lines between banks; which caused a whole new world of problem in 2008

No, it's more like... the fed is trying to get his friend of cocaine, and the friend keeps saying "if I can't have more I'll die"

the bigger problem is that the artificially low rates have prevented the nation from making up the money borrowed during the last crash. So instead of a bazooka in his pocket; they've got nothing.

there's an old phrase which says "you can't cheat an honest man". In practical terms, that means the best suckers are those who go in thinking they're going to cheat everyone else.

not gold and silver; but yes on property (if/when the price collapses, especially commercial), and probably yes on the better bank stocks. Sitting on cash right now is not bad either, in spite of what most will say.

>> No.54028134 [DELETED] 
File: 321 KB, 724x494, kpM1qj6wmfo1_1280.png [View same] [iqdb] [saucenao] [google]

are people with savings/checkings in top 5 commercial banks fucked? what about credit unions? can someone hold my hand?

>> No.54028147 [DELETED] 

4Chan is so quick to overblow things lol. Nothing's gonna happen. How many happenings can there be that never "happen" for you dummies to get it.

>> No.54028161 [DELETED] 

How do you know it’s bait? Some anons genuinely want containment boards.

>> No.54028168 [DELETED] 

Loans to tech start ups?
>Approximately 90% of startups will fail.
Very risky. Basically if I did a Tech Start Up took out a loan blew the money on dumb shit like diversity hires, advertising, and paying myself and I declare bankruptcy on the Start Up while making 0 or worse negative profit (basically taking out more loans to keep the company afloat... this happened A LOT) then the bank is at a lose on the loan meaning the bank lost the money people who deposit their money into the bank gave them. Now USUALLY this is not a problem because the bank can take a loan from another bank to cover themselves. The issue is SVB failed meaning they couldn't pay back the money they borrowed and they couldn't pay back the people who deposit money. This is where the problem begins because for you and me who probably don't keep all their wealth or have enough wealth to worry about this is annoying but we won't get hurt since FDIC covers the cost... the issue is all accounts over the $250,000 coverage are fucked beyond belief.

Say you have 1 million you only get 25% of your money.
Say you have 10 million you will only recoup 2.5% of your account.
Say you have 100 million you will only get .25% of the total account back.

So it is a real fucking problem when payrolls and multi million dollar companies have their funds evaporate with no idea if they will ever get them back. And the only way to get them back is more loans from banks to other banks.

>> No.54028171 [DELETED] 
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you ok Ameribros?

>> No.54028175 [DELETED] 
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/co/ reporting, been posting twitter screenshots

>> No.54028184 [DELETED] 

/fit/ reporting. I'm about to start milking women as a free alternative to whey if this shit goes down

>> No.54028191 [DELETED] 



with your infinite wisdom to a humble zoomer:

"how do weather this storm"

>inb4 you say christ

>> No.54028196 [DELETED] 
File: 96 KB, 1024x576, 1678500015266922m.jpg [View same] [iqdb] [saucenao] [google]

Hmm, I am beginning to notice a pattern...

>> No.54028197 [DELETED] 
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haha ok

>> No.54028202 [DELETED] 

>sticky thread is 4 hours old
>only 600 replies

>> No.54028203 [DELETED] 

Dried black beans, rice, canned sardines, and a solar panel with an induction heater to cook on.

>> No.54028212 [DELETED] 

those are some fake ass names

>> No.54028213 [DELETED] 

kill yourself you had 3 years to accoomulate
t. highest iq zoomer

>> No.54028229 [DELETED] 

Invest in Total Market ETFs, Precious Metal probably and bonds. Also >>54028203 BEENZ and DEENZ are a strong investment strategy.

>> No.54028230 [DELETED] 

No, and neither are you. Our funny money undergirds this whole stupid system.

>> No.54028231 [DELETED] 


>> No.54028239 [DELETED] 

smart lad
now drop and give me 20.

>> No.54028250 [DELETED] 
File: 75 KB, 1024x768, 1673459948955624.jpg [View same] [iqdb] [saucenao] [google]

It was common for eastern European immigrants to change their names when they came to the US.

>> No.54028260 [DELETED] 
File: 469 KB, 1200x1600, gaz.jpg [View same] [iqdb] [saucenao] [google]

>a solar panel with an induction heater to cook on
fuck that. get one of picrel.

>> No.54028273 [DELETED] 

How are you gonna refill it, genius? Solar panel and a car battery will work for years.

>> No.54028281 [DELETED] 


>> No.54028283 [DELETED] 

Can't keep blaming boomers, anon. This is unfortunately a millenial/zoomer issue. So much dogshit in the economy right now due to dogshit trends supported by dogshit kids and young adults. Boomers have absolutely no clue what the fuck is going on.

>> No.54028290 [DELETED] 

You guys know how to grow your own food, right?

>> No.54028292 [DELETED] 

call up the company? Good luck running an induction cooker from a car battery and a solar panel.

>> No.54028303 [DELETED] 

they will say they are taxing themselves 99% or some shit
nobody will actually see that money

>> No.54028311 [DELETED] 

No Boomers are VERY VERY responsible for this as well.

>> No.54028314 [DELETED] 
File: 347 KB, 1169x1865, AF28E9BF-6C5B-4C36-AB98-8DD65DAA38E6.jpg [View same] [iqdb] [saucenao] [google]


>> No.54028317 [DELETED] 

The Three B's


Stay safe, shoot straight, don't let them disarm you.

>> No.54028337 [DELETED] 
File: 285 KB, 1205x1073, katrina aftermath.png [View same] [iqdb] [saucenao] [google]


i may be armed as a /k/ommando but i really don't want to take someone life

people forgot how bad katrina got WITH the niggers imagine if its nationwide

I remember hearing my much older brother walking armed with shotgun

>> No.54028340 [DELETED] 

The boomers made the school system shitty and mortgaged our future when they let investment banks off the hook for making illegal securities arrangements. Who tf makes up congress, the senate and the white house? Silent gen an boomers, simple as.

>> No.54028343 [DELETED] 

so what do I buy to take advantage of this

>> No.54028349 [DELETED] 
File: 533 KB, 1176x884, 1678495888066179.png [View same] [iqdb] [saucenao] [google]

Maybe the whitehats pulled this off?

>> No.54028355 [DELETED] 
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/pol/ reporting

>> No.54028359 [DELETED] 
File: 61 KB, 1012x949, 1678497219887548.jpg [View same] [iqdb] [saucenao] [google]

A shit ton of funded companies use SVB as their only bank account. They were known as a mainstay, and a pretty conservative bank, actually. They took on too many deposits in last 3 years and didn't manage risk.

Now, a ton of small companies can't run payroll and will vaporize in the next month. Employees maybe can hold out 1 or 2 paychecks, but that's gonna be it. Going to be a glut of people on the market very soon.

>> No.54028361 [DELETED] 


>> No.54028373 [DELETED] 

Who's got all the money right now, and thus all the power, anon? It ain't millenials, not even the richest among us, by any credible metric.

>> No.54028375 [DELETED] 


>> No.54028376 [DELETED] 

puts on coinbase

>> No.54028378 [DELETED] 


as a australian, seeing americans face a crisis like this and the readiness to shoot one's neighbor imprints that americans are really savage and no better than the nigger they hate

>> No.54028397 [DELETED] 

Literally why SVB got fucked. There's no point buying bonds if interest rates are due to continue increasing.

>> No.54028400 [DELETED] 

Listen it's Jews we know it is Jews. They have done this before... 11 times actually. The market will rebound in 5-15 years things will be good and then they will do it again.

Didn't you have a guy dress up in armour and start shooting at people.

>> No.54028418 [DELETED] 

>asked to provide means to survive collapse
>presumes infrastructure will still be operating
Bold strategy, cotton. Let's see how it works out for him.

Even a damn microwave would be better than betting it all on gas.

>> No.54028424 [DELETED] 

Has anyone ever tried to FOIA these videos?

>> No.54028430 [DELETED] 


Ok, Chang.

>> No.54028432 [DELETED] 

If you want to hear some real stories, check out what happened in a lot of places after the Soviet block fell. Your mileage might have varied, but true societal unpheaval is something that no society weathers politely.

>> No.54028434 [DELETED] 
File: 52 KB, 649x622, DDEA0EEA-FBDF-4313-A94D-7E3F9E289989.jpg [View same] [iqdb] [saucenao] [google]

Yeah, and you better watch out if you know what’s good for you. This shit leads to WWIII and guess how important Australia and Indonesia/Papua New Guinea are in the western pacific…

>> No.54028454 [DELETED] 

I mean Treasury bonds not the same as what the Banks were using. High interest is good for bonds because it increases the pay out you receive when it matures.

>> No.54028458 [DELETED] 
File: 192 KB, 750x513, 1677809665055555.jpg [View same] [iqdb] [saucenao] [google]

I've been waiting for this sticky for like 8 hours, where have you jannies been?

Anyways, whos ready for bank bail ins over the weekend?

>> No.54028461 [DELETED] 

one of those giant containers lasts me 3 months. there's no city gas here. So 4 of them would last a year. I have solar too, and induction. But a car battery is far from an ideal energy storage system, and one panel isn't enough. $400 of gas to last a year vs $1000s in batts and panels.

>> No.54028471 [DELETED] 
File: 81 KB, 1125x1109, 1599719142292.jpg [View same] [iqdb] [saucenao] [google]

the REAL question is why the FUCK did NO ONE fucking TELL ME this shit was going to HAPPEN so i could FUCKING SHORT THE HELL OUT OF THIS SHIT
why the FUCK was there NOT a SINGLE thread about THIS even though i LURK this shitty ass BOARD looking for EASY ways to make lots of MONEY for AT LEAST 10 hours per DAY

>> No.54028475 [DELETED] 
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>> No.54028476 [DELETED] 

>as a australian
stop reading there

>> No.54028492 [DELETED] 
File: 126 KB, 800x769, 1678072207040870.png [View same] [iqdb] [saucenao] [google]

it's impacting larger companies too like Roku which I didn't expect. They have 487 million locked up with SVB, 26% of their cash.


>> No.54028494 [DELETED] 

very mesmerizing

>> No.54028502 [DELETED] 

Because everyone on modern 2023 /biz/ is gatekeepish about their actual good knowledge and only shares fud

>> No.54028510 [DELETED] 
File: 115 KB, 1080x799, Screenshot_20220326_224513.jpg [View same] [iqdb] [saucenao] [google]

/pol reporting

>> No.54028512 [DELETED] 

It was on Smg for the past week or so, numbnuts.

>> No.54028523 [DELETED] 

go fuck your dingo you faggot. Australians are always shitposters.

>> No.54028534 [DELETED] 

Roku is fucked now

>> No.54028536 [DELETED] 
File: 10 KB, 225x224, smugpepe.jpg [View same] [iqdb] [saucenao] [google]

>tfw work for a company that rode out the 2008 recession without a single layoff

Sounds like a whole lotta not my problem

>> No.54028537 [DELETED] 

you "people" literally allowed your government to put you in internment camps over the flu

>> No.54028544 [DELETED] 

Die for Israel no thanks

>> No.54028546 [DELETED] 

American acrobats are really something.

>> No.54028550 [DELETED] 

It was known as the most shorted stock in the world... where were you?

Elon won't do shit he is trolling.

>487 million
Sorry Roku but you are only covered for 250 thousand... no sir you will not be able to redeem.

We know get in we are trying to figure out how to profit off of this.

>> No.54028560 [DELETED] 
File: 30 KB, 592x380, svb aaaaa.png [View same] [iqdb] [saucenao] [google]


>> No.54028562 [DELETED] 

Their children were dragged kicking and screaming from their arms and they shrugged

>> No.54028572 [DELETED] 

Nothing will happen anyway

Some tech retards got BTFO

Oh well moving on

>> No.54028578 [DELETED] 

Now do you sticks understand this is the power of Americans.

>> No.54028587 [DELETED] 
File: 3.67 MB, 1920x1080, feelingbetter.webm [View same] [iqdb] [saucenao] [google]


>> No.54028589 [DELETED] 

Again same problem, if the interest rate is due to increase the value of the bond which is fixed at issument decreases, especially for treasuries, as it's then more preferable to buy bonds issued at higher rates. Only time bonds are a good asset is when rates stay stable or have little variance.

>> No.54028594 [DELETED] 


>> No.54028596 [DELETED] 


>> No.54028599 [DELETED] 
File: 199 KB, 1080x1080, 1661452548830289.jpg [View same] [iqdb] [saucenao] [google]

/v/ reporting in

>> No.54028615 [DELETED] 

I read an effort post somewhere that convinced me that the credit unions are even more liable to lose the money than traditional banking institutions. This was months ago. I’ve only retained the sentiment and not the particulars.

>> No.54028616 [DELETED] 

Sounds bullish for bonds.

>> No.54028617 [DELETED] 

I'm really glad you're becoming a Chinese puppet like your neighbor New Zealand.

>> No.54028632 [DELETED] 

ok so come monday how do i make money off this?

>> No.54028638 [DELETED] 
File: 1.55 MB, 500x500, 09046e3736a4a60963c9b810be95bebb.gif [View same] [iqdb] [saucenao] [google]

so... What should I do now?

>> No.54028645 [DELETED] 

>make bank that exclusively gives money to tech companies
>put all deposited money in a money market account that tracks tech companies
who decided this was a good idea

>> No.54028643 [DELETED] 
File: 14 KB, 221x259, O HAI.jpg [View same] [iqdb] [saucenao] [google]



>> No.54028644 [DELETED] 

Crypto dumped so bag holders are living ina cabin for a few days before checking their portfolios

>> No.54028647 [DELETED] 

is there a way to know which startups kept most of their cash there, and which were only "involved" with the bank to the extent of a few forgotten million in an old, unimportant (to them) account?

>> No.54028663 [DELETED] 
File: 49 KB, 76x96, 1658966809373.gif [View same] [iqdb] [saucenao] [google]

/a/ reporting

>> No.54028667 [DELETED] 

Make sure your gains aren't in fiat or digital currency I recommend land guns ammo and canned goods if this goes full send which is the plan (usher in New digital currency 24/7 tracking and real time remote asset seizure) money won't mean much. Land food and means of defense will be top investments bullets will be easier tools of trade than money. That's probably a big far out though in the meanwhile I would start shorting and hope the gains outpace the inflation and there is a bank to hold them that is trustworthy personally I wouldn't trust any aspect of the financial system this is just the beginning China has plans and the new currency brics nations are rolling out is backed by oil and gold rather than e-iou's

>> No.54028671 [DELETED] 

I'm black, and this is worrisome. Gonna need at least one white man of Anglo-Germanic descent in there to calm my fears.

>> No.54028674 [DELETED] 

Lmao even

>> No.54028685 [DELETED] 

It's not, if you want to buy bonds or treasuries buy them when the Fed clearly states they're holding rates stable with the intention of easing them after a set period of time. Ie sometime 2025.

>> No.54028687 [DELETED] 


>> No.54028699 [DELETED] 

Checked and duck man seems to agree.

>> No.54028705 [DELETED] 

/qst/ reader standing by

>> No.54028706 [DELETED] 

At a minimum a Latino. The point of diversity is to have people with different backgrounds and world views not.........?

>> No.54028707 [DELETED] 

They are exiting to buy in catgirl, Neuro Sama predicted it

>> No.54028709 [DELETED] 

If they even had cash. I'm sure a good percent of them have no cash, and are/were operating off the debt they were being provided by SVB.

So... you have the rich people and banker types putting in money to invest in the startups; and the startups sucking the money out on their new products.

Both will lose, but in different waves. For those startups not making profit already; they lose their operating capital pretty quick. For those who invested money; they will probably lose all; unless the money was isolated in some way.

At the same time, all of the startups left out in the cold will be looking for new debt issuers; with a bunch of startups flooding the market looking for money people probably won't want to loan.

>> No.54028722 [DELETED] 
File: 2.94 MB, 4032x3024, kkk.jpg [View same] [iqdb] [saucenao] [google]

/k/ reporting in

>> No.54028726 [DELETED] 
File: 17 KB, 400x400, _dyr9vkj_400x400.jpg [View same] [iqdb] [saucenao] [google]

May the Peace be with you ; /x/ Here, on behalf of the Great Goddess of the Night.

Considering baking a ritual to make sure this parody of a financial system falls apart for good. Is it really necessary, though? I hate working for nothing...

>> No.54028727 [DELETED] 

Also, a naive question about FDIC: if SVB is bought by a bigger bank like JPMorgan, which some posts here have alluded to happening, what does that mean for the defunct bank accounts?

>> No.54028730 [DELETED] 

Well, well, well, I hope this centralized stablecoin doesn't make it out now.

>> No.54028734 [DELETED] 

sweet garand, love mine

>> No.54028764 [DELETED] 

JPM would bail them out and make those accounts whole if they did, all at cost to themselves if they did.

>> No.54028768 [DELETED] 

>i would just go back to melbourne and get a better degree
not if i shoot you first upside down abbo

>> No.54028779 [DELETED] 
File: 51 KB, 1200x630, mason-jars-2680800302.jpg [View same] [iqdb] [saucenao] [google]

Best investment I made was in canning supplies so I could can my own food. Gonna start loading up on mason jars and lids again. Those fuckers always have a run when shit gets like this. Learn to can if you haven't it is such a stupidly useful skill.

>oh hey chicken is on sale for a steal but I can't eat it all at once
>can it whole, make canned soup

>oh shit a fruit or vegetable is on sale maybe someone I know grew to much
>can that shit

>> No.54028783 [DELETED] 

Ask me why, I don't know
thread theme (Verification not required.)

>> No.54028806 [DELETED] 

alternating between these two


>> No.54028832 [DELETED] 

based canning anon. what's the advantage to canning over just freezing stuff? lasts longer? I have probably a years worth of frozen deer in my chest freezer.

>> No.54028843 [DELETED] 


>> No.54028859 [DELETED] 
File: 231 KB, 393x360, 1639171123551.png [View same] [iqdb] [saucenao] [google]

/vt/ here

>> No.54028868 [DELETED] 

You don't need to plug a mason jar into an outlet dumby.

>> No.54028878 [DELETED] 

>mfw roblox
i don't think you guys understand how many people literally make a living on that shit

>> No.54028880 [DELETED] 

>what's the advantage to canning over just freezing stuff?

In a true SHTF situation, the power will go out and your freezer is fucked. And even if it's only a recession, those big freezers eat up your electric bill, which will suck if your money situation is shitty

>> No.54028885 [DELETED] 

>At the same time, all of the startups left out in the cold will be looking for new debt issuers; with a bunch of startups flooding the market looking for money people probably won't want to loan.
Could this lead to a situation where the behemoths of Silicon Valley, essentially the FAANG companies, can vacuum up an entire market of dirt cheap startups and talent? Like a fire sale?

>> No.54028892 [DELETED] 
File: 118 KB, 268x221, 1678252989740415.png [View same] [iqdb] [saucenao] [google]

>blaming this mess on brainless zoomers
The eternal boomer, nothing's ever your fault eh?

>> No.54028893 [DELETED] 

I have 10kW of solar. I don't care if the grid explodes.

>> No.54028896 [DELETED] 
File: 171 KB, 1280x1152, F7379C8D-210C-41AC-8FC1-1B86AE918668.jpg [View same] [iqdb] [saucenao] [google]

/vp/ reporting in

>Verification not required.

>> No.54028901 [DELETED] 

wtf fiatbros i thought the military solved this?!?

>> No.54028906 [DELETED] 
File: 45 KB, 498x277, IMG_20230311_021358_695.jpg [View same] [iqdb] [saucenao] [google]

Just buy this

>> No.54028911 [DELETED] 

Oh sure. Depending on how back things were at a given startup; they could probably buy them out with little more than a promise to keep the payroll checks coming

>> No.54028916 [DELETED] 

All over a nothingburger, buy signal

>> No.54028917 [DELETED] 


>> No.54028919 [DELETED] 

thought this would be the answer. thanks. might see about getting into canning. We have a ton of freeze dried food and regular store bought canned food. But we've got solar and a generator too. Grid is unstable af here anyway.

>> No.54028923 [DELETED] 

/gif/ here. Taking a break from cooming

>> No.54028941 [DELETED] 

Until nigs steal/break your solar panels. Mason jars are forever. I just bury them like meat and vegetable treasures.

>> No.54028940 [DELETED] 

This is what happens when you bet against GME.

>> No.54028984 [DELETED] 

>impressed by FMJs
I have armor piercing. It's not regulated, just expensive.

>> No.54028985 [DELETED] 


>> No.54028996 [DELETED] 

Beautiful anon

>> No.54029008 [DELETED] 

Bong here, when will it affect me?

>> No.54029011 [DELETED] 
File: 380 KB, 498x319, comfy-christmas.gif [View same] [iqdb] [saucenao] [google]

jewboy is live


>> No.54029030 [DELETED] 
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>> No.54029031 [DELETED] 
File: 58 KB, 720x554, 20230310_210028.png [View same] [iqdb] [saucenao] [google]

>Just curious should leafs be concerned?
Yes. Trudeau finished selling off the last of Canada's gold reserves a few years ago so the Canadian government is in deep with no cover. If there is a global banking crisis and paper money fails Canada has nothing to turn back to. Best of luck bud.


>> No.54029038 [DELETED] 
File: 7 KB, 452x467, 1678498218211029.png [View same] [iqdb] [saucenao] [google]

In before the Jews somehow win again.

>> No.54029043 [DELETED] 

Lasts longer, less at risk.

Also there are things like sauces, pickling, fermentation and so on that just work better with canning... finally mason jars are just an extremely useful thing to have around.

>> No.54029046 [DELETED] 

>readiness to shoot one's neighbor
The fuk you talking about? The tech bros affected are 10000x more likely to deal with this by taking off their Lululemmon Mens tights and asking their wives to peg them in the ass than shoot their neighbor. Its a very very calm area.

>> No.54029048 [DELETED] 
File: 3.30 MB, 4032x3024, EC46F5C1-6ADA-483A-BB8B-287786F3FE86.jpg [View same] [iqdb] [saucenao] [google]

Representing /pmg/

>> No.54029049 [DELETED] 

Put me in the screen cap.

>> No.54029054 [DELETED] 
File: 258 KB, 700x641, 58973FFB-6941-41B1-B871-7A28D61DD037.jpg [View same] [iqdb] [saucenao] [google]

/pw/ reporting

>> No.54029069 [DELETED] 

did lehman brothers collapse affect the UK in 2008?
(the answer is yes britanon).

>> No.54029072 [DELETED] 

>in deep with no cover
lmao the retard thinks gold reserves cover you against anything
it's the canadian economy that covers itself

>> No.54029076 [DELETED] 

Oh no will my netflix and Peacock still work on my TV?

>> No.54029088 [DELETED] 

thanks, any good resources on learning to can, or just in the pressure cooker and cook for a bit?

>> No.54029087 [DELETED] 

You can fucking CAN chicken?! WTF WHY DIDN'T ANYONE TELL ME

>> No.54029093 [DELETED] 
File: 155 KB, 448x448, 1613623378017.png [View same] [iqdb] [saucenao] [google]


>> No.54029095 [DELETED] 
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>> No.54029097 [DELETED] 


>> No.54029098 [DELETED] 

>biz is dead
its better this way, at least there are some quality discussions here now

>> No.54029100 [DELETED] 

Look how the gut is the center of gravity, jesus

>> No.54029118 [DELETED] 

The Federal Reserve will stop raising rates now that they realize the economy is more fragile than they thought.
They just popped the tech bubble and an entire bank, the second largest bank collapse in US history. JPow will realize that he has to stop double-jumping up the mountain and assess the terrain.
As a result, inflation will continue. Prices are going to get worse. Yes, most price inflation today is due to supply-side constraints, but the Fed was at least able to do something about consumer demand by raising rates.

>> No.54029126 [DELETED] 
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>> No.54029134 [DELETED] 


>> No.54029138 [DELETED] 

Cramer's kiss of death strikes again.

>> No.54029153 [DELETED] 
File: 101 KB, 914x1024, 1677235517217642.jpg [View same] [iqdb] [saucenao] [google]


>> No.54029156 [DELETED] 

Hi, is this a US only thing or will it spread?

>> No.54029160 [DELETED] 

>another tech bubble bursting
techtards BTFO. Maybe its time for these yuppy nerds to learn how to farm

>> No.54029164 [DELETED] 

>only 800 replies after 5 hours
biz is dead

>> No.54029171 [DELETED] 

Do a cash flow audit of your household expenses. At least 10% of each paycheck MUST go into your portfolio. Cut where you can and make it happen. Pursue a diverse, long-term 60/40 investment strategy. That's 60% securities (mutual funds and ETFs), 40% bonds, 0% crypto. Get a skill. Skilled labor is the best way to bargain for higher wages.

>> No.54029198 [DELETED] 

>globohomo financial system collapsing
buy ETFs guys.

>> No.54029199 [DELETED] 

Who lost more of other people's money, SVB or SBF?

>> No.54029207 [DELETED] 

Learn2Farm & Learn2Repair next

>> No.54029213 [DELETED] 

It's an Israel thing. Scared yet?

>> No.54029231 [DELETED] 

This will affect the world economy because the Russo-Ukrainian War in ongoing, the pero dollar still exists, and the USD is still the world reserve currency. If the USD inflates, the Eurodollar also inflates. Trade gets more costly in the rest of the world. Remember what happened to Sri Lanka and Pakistan last year? That ongoing cost-of-living crisis in the UK? Yeah, more of that.

>> No.54029232 [DELETED] 

Are we doomed or not?

>> No.54029273 [DELETED] 

this one may not be so bad. i know like 5 people with broken dishwashers right now (including me)

>> No.54029281 [DELETED] 


>> No.54029291 [DELETED] 

kek, seething democlap

>> No.54029294 [DELETED] 

Maybe don’t pin a nothingburger like a retard?

>> No.54029300 [DELETED] 

/p/ here, about to take pictures of my stuff before selling it all on facebook marketplace

>> No.54029301 [DELETED] 
File: 829 KB, 698x800, ozutsu.png [View same] [iqdb] [saucenao] [google]

/jp/ here, ready for shtf.

>> No.54029304 [DELETED] 
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1-9 and nothing substantial is happening

>> No.54029308 [DELETED] 

Definitely the collapse of neo-liberal fiscal policy. It'll take some more time, but we'll get there. No one knows what ideology will replace it and I don't think it even exists yet, but it will happen.

This is the tech bubble finally bursting. It's definitely significant, but it's not a full-blown financial collapse.

>> No.54029319 [DELETED] 
File: 362 KB, 2560x1319, barrett-m82.jpg [View same] [iqdb] [saucenao] [google]

Yes. In most states if you have $11,000 you can even buy a rifle capable of shooting down a helicopter. (Except in California of course.)

>> No.54029326 [DELETED] 
File: 360 KB, 720x938, 20220507_184636.jpg [View same] [iqdb] [saucenao] [google]

I'm glad things turned out this way.

>> No.54029327 [DELETED] 

Because this is also being discussed in smg retard.

>> No.54029338 [DELETED] 
File: 55 KB, 480x640, ball blue book.jpg [View same] [iqdb] [saucenao] [google]

The Ball Blue Book. It's basically the bible for canning. >>54029087 It also tells you how to can meat my edition mentions squirrel and rabbit as well as poultry like chicken and game birds. Also how to can stocks. Extremely useful also just good in practice since even if SHTF is not happening it is fun to can your own salsa or what ever and give it out as gifts.

Alright enough shilling Ball Mason jars.

The US Dollar is the Global Reserve currency. EVERYONE.

>> No.54029358 [DELETED] 

Must have been a brutal accident that put you in a coma for 4 years. The world ended in March 2020 and we're post-apocalyptic at the moment.

>> No.54029362 [DELETED] 
File: 1.27 MB, 500x281, 1678032730784929.gif [View same] [iqdb] [saucenao] [google]

bros, I'm a 24 yr old NEET heavily reliant on my sister's Data Entry money. How fucked am I?

>> No.54029374 [DELETED] 

thanks anon. will check it out. But going out for beers now, before the world ends kek. see ya

>> No.54029405 [DELETED] 

>lmao the retard thinks gold reserves cover you against anything
>it's the canadian economy that covers itself
Bless your heart, Leaf.

>> No.54029407 [DELETED] 

This is going to be very bad for the California economy and it will be an accelerant for the Calexodus.
Software engineers will start going to Pittsburgh and Houston to modernize US heavy industry.
Apps like 'Spotify but for dogs with anxiety' will be no more.

>> No.54029416 [DELETED] 

I know /biz/ is the worst board to ask for this kind of advice but is it a good strategy to buy a shitload of burger bonds now?

>> No.54029461 [DELETED] 

don't american states already export their problems like homelessness to each other?

what more than several codemonkeys

>> No.54029470 [DELETED] 

Yes. Inflation will get worse as the Fed eases off the rates pedal. They'll stop raising rates because this is now the second bubble they've popped in 6 months. US T and I bonds are traditionally good hedges against inflation.

>> No.54029476 [DELETED] 

interesting, i thought data entry was now all done by SE asians for 25 cents a day. I am surprised that you can make enough money doing it to support two people.

>> No.54029481 [DELETED] 

I heard in a thread that Pittsburgh metro has a population of 2m and is over 85% white.

How true is this and what are the financial implications of a whiteboi stronghold?

Is this the final frontier?

>> No.54029484 [DELETED] 


>> No.54029493 [DELETED] 

I'm sorry, but did SVB already lose? Oh, that's right. The trimester isn't even over yet. In fact, it's only march. Does not having liquidity in march count as a loss? Is that what you're saying? Because if you're saying that I can assure you that you're wrong. Why would you make this topic when the money printer is still on? SVB is being insured right now and they have been the best lenders in the tech industry for how many years now? They're lending to some of the dumbest companies in silicon valley who just happened to do a bank run because they're feeding off the energy of a market panic in a friday Night. But you know what? Their hands are fucking weak. The SVB is one of the best fucking banks in the USA, they got 487mil from roku last year and would of raised enough capital if deposit holders didn't choke. Maybe you should shut the fuck up before you make retarded topics like this. You know why? Because you're going to be embarrassed when SVB gets bailed and someone bumps this topic. Oh look at that, the FDIC shut SVB down just when they needed a distraction to the debt ceiling issue, just like Obama did. Are you a fucking drunk? Are you retarded? Are you autistic? You are a fucking idiot and you should never make a topic on this board again and I'm fucking serious. I almost have a feeling you're the only guy making all these anti-SVB topics because you're a faggot hater who doesn't like the team because they're good. Fuck you, be good at something in YOUR life and then maybe try to troll these fucking banks on the board, like I give a fuck. It's so easy to spot out your threads now, you're a retard. Always doing stupid shit like this. Why don't you try to be a good poster? Just for once? For once in your fucking life try not to make a topic like this. That's just you, you're always right at getting it wrong.

>> No.54029550 [DELETED] 

Pittsburgh solved the rust belt's offshoring problem by investing heavily in education. They are now the center of precision manufacturing and robotics in the US.

Houston is the largest city close to Mexico. They can do precision engineering of machine parts and send them to Mexico to be cheaply assembled.

The economy doesn't care about your race, retard. It only cares about how little it can pay you to work.

>> No.54029552 [DELETED] 
File: 107 KB, 1080x868, IMG_20230311_041750_327.jpg [View same] [iqdb] [saucenao] [google]

>> No.54029581 [DELETED] 

He's not going to stop raising rates just because something broke in the economy. This was planned for and intended, and inflation still has a long way to go before its tamed. That being said, we will probably get a 25 bps hike this month instead of the initially forecasted 50 bps, but with the soft landing fallacy off the table now, it wont be the bullish indicator you think it will. We are past the point now of just simply waiting for a pivot.

>> No.54029609 [DELETED] 
File: 2 KB, 125x117, stealmysunshine.jpg [View same] [iqdb] [saucenao] [google]

how low can (YOU) go?

>> No.54029618 [DELETED] 

A,Erica was born in blood, cunt.

>> No.54029638 [DELETED] 

>i don't think you guys understand how many people literally make a living on that shit

Exactly why it deserves to fucking crash. Time for zoomers to get a real job.

>> No.54029656 [DELETED] 

If what you're saying is true, then rates will continue to go up and this ongoing 'recession' will continued to be contained in the tech and biotech sectors. NASDAQ and NASDAQ-adjacent businesses will keep getting hard fucked while construction, manufacturing, energy and agriculture keep performing.

>> No.54029661 [DELETED] 
File: 250 KB, 1029x978, ilovemybank.jpg [View same] [iqdb] [saucenao] [google]

>> No.54029663 [DELETED] 

It was rather a joke u mutt im not even white

Are the universities in Pittsburgh that top notch though? Are they the next boston in terms of education?

>> No.54029679 [DELETED] 
File: 30 KB, 512x462, g (2).jpg [View same] [iqdb] [saucenao] [google]

>/biz/ sticky

>> No.54029686 [DELETED] 

Dat nigga need braces on his toes

>> No.54029700 [DELETED] 

No. This is just student loan baggie cope.

>> No.54029701 [DELETED] 
File: 65 KB, 906x799, 04EE53E9-1B01-464F-A396-3F9CC162828C.jpg [View same] [iqdb] [saucenao] [google]

Big joe = joe lubin

>> No.54029702 [DELETED] 
File: 25 KB, 106x121, justbuy.png [View same] [iqdb] [saucenao] [google]

btc not even 1k spx not even 2k

>> No.54029703 [DELETED] 
File: 55 KB, 1024x723, 91FFA7FC-D27C-41BF-A2F1-79D0F7A6D250.jpg [View same] [iqdb] [saucenao] [google]

Henlo frens how are yuo

>> No.54029708 [DELETED] 

For robotics and engineering yes. For everything else, hell no. Boston schools are still better at literally everything though. The thing that's different about Pittsburgh is that the schools and businesses are very closely intertwined. So you'll finish your engineering degree and immediately get poached by a local business.

>> No.54029725 [DELETED] 
File: 29 KB, 601x418, kebap.jpg [View same] [iqdb] [saucenao] [google]


>> No.54029727 [DELETED] 


>> No.54029737 [DELETED] 

Yep, that's my theory too. The Fed chose to sacrifice the most worthless, overpaid, non-essential industry (Tech) so the most productive people of society can be spared in keeping the country running effectively.

>> No.54029745 [DELETED] 
File: 244 KB, 1400x1400, waterbot.jpg [View same] [iqdb] [saucenao] [google]


>> No.54029763 [DELETED] 

so its the holocaust for techfags?

>> No.54029771 [DELETED] 

The tech bubble was overdue. Raising rates was bound to make this happen. The tech bubble, social media, app economy etc was made possible by near 0 interest rates and thus cheap VC. The party is over and they're sending the kids home.

>> No.54029786 [DELETED] 
File: 580 KB, 739x739, 1658505915314.png [View same] [iqdb] [saucenao] [google]

Im pretty good hope you are well friend

>> No.54029812 [DELETED] 
File: 250 KB, 1170x671, last tweet before bank goes backrupt.jpg [View same] [iqdb] [saucenao] [google]

>the last tweet the CEO made before her bank went to zero
How do I profit from feminism? Go short on every company with a female CEO?

>> No.54029841 [DELETED] 

i live under rock, is something actually happening or can i go back under my rock?

>> No.54029856 [DELETED] 

Go short on the ETF ticker SHE. Yes... its real...

>> No.54029862 [DELETED] 
File: 104 KB, 530x650, wooflujah.jpg [View same] [iqdb] [saucenao] [google]

main st rekt in 2008, tech st rekt yesterday

>> No.54029873 [DELETED] 
File: 86 KB, 559x486, kaiokek.jpg [View same] [iqdb] [saucenao] [google]


>> No.54029889

Also, demographics. Boomers are aging into retirement, taking their capital with them. Gen X, the smallest generation in recent history, is now of the age where they're investing for retirement and they don't have nearly as much aggregate capital as the boomers did at that age. Capital and thus VC is more expensive now than it was 10 years ago. Add that to the fed hikes and yeah. Live by the bubble, die by the bubble. Be it crypto, tech, whatever. Used cars is most likely the next bubble to pop. New cars after that. Lot of sub-prime defaults about to happen in automobile financing.

>> No.54029898
File: 173 KB, 1077x818, Screenshot_20230310_224627_Twitter.jpg [View same] [iqdb] [saucenao] [google]

It's over for USDC lmao

>> No.54029918
File: 196 KB, 599x428, 20230302_113434.jpg [View same] [iqdb] [saucenao] [google]

Roblox kept their money deposited at Silicon Valley Bank

>> No.54029950
File: 21 KB, 696x608, BF80F8A8-8012-4A45-8F7B-F4A50A319F40.png [View same] [iqdb] [saucenao] [google]


>> No.54029954

so a bank went insolvent? how does this affect tech specifically?

>> No.54029963

Keep in mind that /biz/ is chock full of literal Down-Syndrome-tier retards. For example:


>> No.54029970
File: 44 KB, 989x247, what did she mean by this.png [View same] [iqdb] [saucenao] [google]

>CIO, not CEO
still funny, possibly even more so

>> No.54029977

Roku is the only company that makes a decent UI for smart TVs so this kinda sucks.

>> No.54029979

I don't have alot of money, around 40k in my bank. It's a small credit union, is it safe to keep money in there? Or should i open an account with something bigger like bank of America?

>> No.54029980
File: 38 KB, 678x201, 2023-03-10_22-52-33.jpg [View same] [iqdb] [saucenao] [google]

kek, have fun swapping whatever you need to

>> No.54029981

Capital for feminism comes mostly from local banks and credit unions. When the Wiccan polycule goes into the Forrest to start an apothecary (lavender soap company) that's where they get their small business loans from. If you want to profit off of feminism, the best you can do is buy shares in their competitors. P&G has better economies of scale than the Wiccans and will always outsell them.

>> No.54029992

$3 billion in exposure, as of a story posted 11 minutes ago:


>> No.54030003

Signature Bank. I know multiple companies yanking all of their deposits right now. Everyone is bailing.

>> No.54030026
File: 175 KB, 1752x355, hmm.png [View same] [iqdb] [saucenao] [google]


>> No.54030027

Go to Bing News and read an article you illiterate retard. This is The Big Story right now. Everybody's writing about it. You god damn child.

>> No.54030055

She was CIO of Boston Private, which was recently acquired by SVB. She had nothing to do with SVB's retarded decisions on its commercial bank assets.

>in be4 hope she sees this

>> No.54030063
File: 182 KB, 1280x1301, 4BRGYF7NY5DUFJYKA52ZH3RN3E.jpg [View same] [iqdb] [saucenao] [google]

Circle Circle
Dot Dot
Now you have a cooties shot

>> No.54030064

i have a parental filter to block everything except 4chan, just tell me what's happening bros

>> No.54030065

>What have you people done? Who pissed off the AI that controls the markets?
If its anything like the 1987 stock market crash (look it up) then the trading algorithms tripped itself up (again, look it up, the stock market really broke itself in 1987).

This is the world we live in.

>> No.54030076
File: 8 KB, 344x344, 6C2D17B1-28B7-4FB8-8762-C83B4C9C66DB.jpg [View same] [iqdb] [saucenao] [google]


>> No.54030080

>Sooner or later it all comes crushing down (crushing down)
>Crushing down (crushing down)
>When everyone's around
>I bet you would've paid up or you'll cash down (you'll cash down)
>And not make a sound (to make a sound)
>Everyone knows now


>> No.54030085

If you have a balance smaller than $250,000 in an FDIC insured bank or credit union then you will be safe.

>> No.54030090

either bad things or good things depending on how you look at it

>> No.54030129

no no the normies want there money
so they will vote for whoever turns the printer on the fastest

>> No.54030161

This is the best thread this shit board has ever had. Go back to your shit coin pyramid scheme thread.

>> No.54030166 [DELETED] 

nogs everwgere nogs, but white men managed to do 1920x

>> No.54030172

Shut up child molester, actual people are talking.

>> No.54030186

This is me by the way and I'm also trans.

>> No.54030192
File: 627 KB, 804x765, 1618951591213.png [View same] [iqdb] [saucenao] [google]

I'm posting in a sticky.

>> No.54030193
File: 66 KB, 831x823, sdf.png [View same] [iqdb] [saucenao] [google]

>> No.54030211

Just goes to show the power of panic.

>> No.54030214

WHERE ARE YOU INSURED FAGGOTS RIGHT NOW? Hahahahahahaha told you and you fucjs didnt listen

>> No.54030218

$43 billion circulating supply, 3.5 billion operating cash lost to SVB collapse. (likely all their money).
get out of usdc now if you have any.

>> No.54030220
File: 54 KB, 680x580, 63DFF5BC-057E-4919-836F-C5A6E3356F49.jpg [View same] [iqdb] [saucenao] [google]

Fuck you, retarded /pol/ niggers are EVERYWHERE right now telling me how banking akshually works

>> No.54030244
File: 454 KB, 1140x855, patrolling the candy and snacks aisle.jpg [View same] [iqdb] [saucenao] [google]

posting in epic bread, welcome to GFC2

>> No.54030257
File: 49 KB, 934x922, knoccknocc.jpg [View same] [iqdb] [saucenao] [google]

>who's there?

>> No.54030258

>SVB was started in 1983 and, according to its written history, was conceived by co-founders Bill Biggerstaff and Robert Medearis over a poker game.
The official history of this company alleges that it was founded by "Bill Biggerstaff". It was literally founded on a guy making a dick joke. no wonder it folded.

>> No.54030290

Yes, actually. The $SVB collapse may result in a liquidity crunch, making it even harder for the average person to finance the cost of staying alive. Beer and liquor are still cheap though. A fifth of vodka, a twelve pack of beer, and a month of Disney+ are still roughly $12 each. People will be too distracted to revolt for the foreseeable future.

>> No.54030296

>I keeps my cash under my bed. And the rest of my wealth in gold, silver, crypto and shitty cars.
Unironically, yes probably.

>> No.54030335

but the bank your money land up in will fail before you can withdraw to cash

get x mill profit in tradeing account. That bank fails your fucked.

transfer the money to your local bank, it failis

try to withdraw x mill good luck.

Buy some property taxed to obilvion

>> No.54030336
File: 8 KB, 250x238, 1677527397370858s.jpg [View same] [iqdb] [saucenao] [google]

>where's Yellen?

>> No.54030338
File: 158 KB, 768x574, 10B6B22F-E524-4AF7-9BB4-78A0DB80393A.jpg [View same] [iqdb] [saucenao] [google]

/n/ here, worried I wont be able to afford my dream gravel bike and will have to become a disgusting trainfag.

>> No.54030345
File: 382 KB, 1920x1080, 1655176724029.jpg [View same] [iqdb] [saucenao] [google]

Here's the chart of USDC from 2019 to present :/

>> No.54030359
File: 71 KB, 1017x1024, 1675693864839206.jpg [View same] [iqdb] [saucenao] [google]

Who are these strange men? Can I get a quick rundown?

>> No.54030368


stable coins can only ever be rugged, as the are a representation of something else and so will always delink

>> No.54030375
File: 243 KB, 1022x950, DE177A8F-4067-49FB-AF28-168A5B13BA94.jpg [View same] [iqdb] [saucenao] [google]

Whats the rub on SVB? I have unironically never heard of them before today.
And what the fuck is this market cap chart?

>> No.54030382

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

>> No.54030386

Turns out they were the 16th largest bank in the US.

>> No.54030395

You know they raided the FDIC insurance fund in 2008 right? Do you think they are really reserving that money just for deposit insurance lol? They will spend that money to bailout their buddies.

Deposit insurance is a fairy tale.

>> No.54030396


>> No.54030407
File: 443 KB, 640x640, Fdzq4_iaEAAnftI.png [View same] [iqdb] [saucenao] [google]

>Can't stop inflation without breaking a few piggy banks Jack!

>> No.54030434
File: 255 KB, 900x856, 1678508157535.jpg [View same] [iqdb] [saucenao] [google]

When’s the last time /biz/ got a sticky?

>> No.54030441

All I want is for Americans to suffer as much as possible, so this is good news to me.

>> No.54030446

Tomorrow is the 15 year anniversary of "Bear Stearns is fine."


>> No.54030451

FDIC has funds to cover roughly .5% of insured deposits. If there is ever a massive systemic issue the FDIC insurance will mean nothing

>> No.54030462

We're coming for you next motherfucker
Name your country and I'll explain five different ways it'll collapse before we even see a blip in white america

>> No.54030465

FTX ponzi collapse?
When the thieving scammer Samuel Bankman-Fried robbed billions?

>> No.54030473


>> No.54030490
File: 49 KB, 1000x500, everytime.png [View same] [iqdb] [saucenao] [google]

69k dump?

>> No.54030494
File: 37 KB, 941x667, Fq6N_vjX0AAcve6.jpg [View same] [iqdb] [saucenao] [google]


0.94 NOW
>0.94 NOW
0.94 NOW
>0.94 NOW
0.94 NOW
>0.94 NOW
0.94 NOW
>0.94 NOW

>> No.54030516
File: 340 KB, 506x437, yikess.png [View same] [iqdb] [saucenao] [google]

y ur chart so dif than mine i show 98

>> No.54030526

If that were true, it would definitely be concerning and we'd be looking at a pretty wild cataclysm in the event of a financial collapse. However, I don't think this is a financial collapse. I think this is going to be a recession contained only to high-risk capital-dependant industries like tech and biotech. It started with crypto and it's moving down the chain. Watch the automotive market next, and then the real estate market.

>> No.54030536
File: 7 KB, 265x265, 1670548603272548.jpg [View same] [iqdb] [saucenao] [google]

Do any of you find it strange this all went down on the eve of spring break?

>> No.54030537
File: 26 KB, 671x603, 1678505960209112.png [View same] [iqdb] [saucenao] [google]

Because it literally just flashcrashed, and your shit tool/site is behind

>> No.54030539

can someone explain to me what happen to michael burry's account

>> No.54030553

Interesting point. Think they want people undistracted with school for maximum panic?

>> No.54030558
File: 106 KB, 348x360, 1662256555075166.jpg [View same] [iqdb] [saucenao] [google]


>> No.54030562
File: 2.88 MB, 646x630, Anne Heechee.webm [View same] [iqdb] [saucenao] [google]

/pol/ reporting in, who needs some pervitin redpills?

>> No.54030571

8/10 good pasta. Very tasty.

>> No.54030574

Why the fuck anyone would still have own crypto after FTX boggle the mind

>> No.54030585

Best last name in history.

>> No.54030589

I’ve got 50k bet that they’re bailed out, don’t let me down biden

>> No.54030590
File: 3.38 MB, 388x292, factsjack.gif [View same] [iqdb] [saucenao] [google]

gimme timeframe and zoom out

>> No.54030594

wait till the year 3000 profit?

>> No.54030613
File: 19 KB, 704x354, 1678507560090541.png [View same] [iqdb] [saucenao] [google]


>> No.54030622

how likely is this to domino up into something comparable if not worse relative to 2008

>> No.54030645

I am so fucked
I don't have a job. Should I IMMEDIATELY get one or keep try to get clients as a starting copywriter?
I think I'm about to fuck my life up.
I don't want to be part of the usual wagie life, but also don't want to receive gibs

>> No.54030646
File: 825 KB, 926x696, misc.png [View same] [iqdb] [saucenao] [google]


>> No.54030649
File: 2.93 MB, 640x360, 1578681345581.webm [View same] [iqdb] [saucenao] [google]

/pw/ reporting in

>> No.54030650


>> No.54030687

Opposite, people are traveling and drinking rn. No eyes on the news. They want those accounts full for the bail in

>> No.54030703

Very fucking likely
CS delays their reports, which means the numbers have to be so fucking wrecked, that they are not ready to disclose them to the public yet.

If one of the biggest banks of the world is going to drop, then everybody is going to drop.

>> No.54030704

priced out, bailed in

>> No.54030712

Modern Economic policy is unsustainable in the long term anyways, it was always going to be something.

>> No.54030713
File: 53 KB, 800x450, AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA.jpg [View same] [iqdb] [saucenao] [google]


>> No.54030716

69% chance

>> No.54030717


>> No.54030740

He nuked it after posting his last tweet

>> No.54030753

Again? Fuck sake.

>> No.54030766
File: 2.92 MB, 500x606, 187.gif [View same] [iqdb] [saucenao] [google]

i'm ready
two dollars and forty cents or so in the bank bois 'ere we go

>> No.54030768

nah go suck a dick

>> No.54030769

the next economic collapse will make 08 look like a joke

>> No.54030778
File: 8 KB, 250x249, 1669500345563734.jpg [View same] [iqdb] [saucenao] [google]

At last, janny is in shape.

>> No.54030788

Where do I bet on shit like this?

>> No.54030811


Literally who the fuck would buy these dog shit stocks? LOL

The bear lives, death to all you clowns lol

>> No.54030816

Sweden. You don't have to convince me of anything since I already know we're going down the shitter.
I'm just happy that the people of the most evil and degenerate country in history will suffer immensely from their own corruption and incompetence.

>> No.54030822

>qrd on Enron
Fuck I’m old

>> No.54030823

This is what we were waiting for. Banks have so many hidden skeletons in the closet

>> No.54030841
File: 86 KB, 720x664, 20230119_144016.png [View same] [iqdb] [saucenao] [google]

>Yeah bro, let us know when you start paying for things with gold shavings
We will be there soon and others have already been there for a while.


>> No.54030846


>> No.54030848

So what do I do bros? Am I supposed to just take out all the cash in my bank account? Isn't the cash going to be worth less anyway after they poof a bunch of money into existence to bail out the banks anyway? Is there any winning in this scenario?

>> No.54030858

If you said a balkan shithole or some shitskin country I would have roasted you.
But I completely accept the consequences of what my own dogshit country had committed. Though I'll say that if Sweden was less cucked, it and Norway could have made it out of this alive.

>> No.54030872

the music changed key

>> No.54030883

The only decent way to make out of this scenario is having hard assets such as precious metals or property. It will hold your wealth, and when things calm down you can buy back into the market in good times.

>> No.54030899


>> No.54030913
File: 244 KB, 1199x1600, 1668041245638930.jpg [View same] [iqdb] [saucenao] [google]

Posting in this historic sticky to remind you to get a suicide stack of XRP and place a bet on global enslavement, you know just in case...

>> No.54030936

Signs are pointing toward business as usual for most people. Unless you work for or do business with a small-medium sized tech company, then you won't be affected financially

>> No.54030938

how is chainlink doing?

>> No.54030953

heck if i know

>> No.54031000

>crypto fags btfo once more
will they ever learn? The chosen people aren't going to let you play your own games without their rigged rule set being the default

>> No.54031001

How heavy are those bags

>> No.54031009
File: 1.85 MB, 4032x3024, chainlink.jpg [View same] [iqdb] [saucenao] [google]

>down 10 fucking percent
Dumps when everything else pumps
Dumps harder when everything else dumps

>> No.54031015


>> No.54031043
File: 645 KB, 1079x1074, Screenshot_20230307_124412_Gallery.jpg [View same] [iqdb] [saucenao] [google]

Unbanned just in time to shill for Pawswap and KTO.
Look them up, same team that got Shib rolling so hard on both of them.
Also Kek. Charts have been interesting tonight.

>> No.54031059
File: 563 KB, 2255x3138, 1453548385543.jpg [View same] [iqdb] [saucenao] [google]


>> No.54031070
File: 179 KB, 1200x900, Peng Triple.47.gif [View same] [iqdb] [saucenao] [google]

Buy Peng lol

>> No.54031095

hard to tell when you're floating in an ocean of liquidity, bitch

>> No.54031109

OP Wrestling Faggotry

>> No.54031119
File: 217 KB, 500x500, 1631802380710.gif [View same] [iqdb] [saucenao] [google]

/mjg/ reporting in

>> No.54031137

How could this possibly be worse than Corona?

>> No.54031155
File: 390 KB, 1360x478, 1678508689816952.png [View same] [iqdb] [saucenao] [google]


>> No.54031172

Flu’s didn collapse banking and expose their dogshit balancesheets to everyone.

>> No.54031179

Because it's the first domino piece of several that will inevitably break the whole system

>> No.54031182

It's been years since I saw one of this

>> No.54031193
File: 283 KB, 2753x2369, Bible777.png [View same] [iqdb] [saucenao] [google]

>I should go to church
We all should. Jesus Christ is all we really have.

I hate the antichrist btw if that matters.

>> No.54031199

It doesn't help that all this is happening after Corona, rather than before it.

>> No.54031221
File: 414 KB, 636x693, Doom Paul - It Begins.png [View same] [iqdb] [saucenao] [google]

>> No.54031235

I too see the humour in people unironically trying to bank run their Top 5 chequing accounts over the SVB situation

>> No.54031260

Haven't seen that one in a while

>> No.54031262
File: 114 KB, 735x849, 2023-03-10_23-58-44.jpg [View same] [iqdb] [saucenao] [google]

If you know how to get out, then fucking what are you waiting for

>> No.54031272
File: 144 KB, 719x924, 20230311_145838.jpg [View same] [iqdb] [saucenao] [google]




>> No.54031281

So the bank took in a shit ton of money. Got the majority of that money tied up in bonds and then when JP Morgan Chase advised very large accounts to move their assets to them then the bank didn't have enough cash for those massive transactions.
Doesn't this just mean that JP Morgan Chase fucked over a whole bunch of people? And it's perfectly legal to instigate something like this?

>> No.54031341

I'm an idiot for not selling stocks this morning when everything was up. It will take months to recover, maybe more

>> No.54031355
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told you

>> No.54031362


>> No.54031366

yeah im sure you have nothing to worry about if you have your money in a normal fucking bank, but there will be carnage on monday

>> No.54031374


>> No.54031380
File: 85 KB, 1200x1293, CBDFBDEC-1E9B-40AC-944F-55E02F1FFCA8.png [View same] [iqdb] [saucenao] [google]

They were testing the bail-in weren’t they

>> No.54031390

Checked, whatever happens, don't lose your way

>> No.54031408

I'm not a betting man, but...

>> No.54031440

Since Ubisoft is a french company they will bounce back soon enough, r-right? I know they have some california office locations but surely these events won't impact their stock's financials... haha

>> No.54031445

Bump. Fuck jannies.

>> No.54031458
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>> No.54031472

Venezuela has already dollarized its economy. They're fine - thanks to the U.S.

>> No.54031501
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Last time we got Margin Call, and to a lesser extent The Big Short. Hope we get some good finance disaster movies out of this one.

Occupy wallstreet round 2 is gonna be really gay though, zoomies protest like a bunch of queers.

>> No.54031519
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based retard

>> No.54031528

>Venezuela has already dollarized its economy.

>> No.54031558


>> No.54031561

>They were testing the bail-in weren’t they

>> No.54031599
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I was going to kill myself, but now I'm going to wait so I can watch everyone suffer.

>> No.54031620

>/pol/ reporting in, who needs some pervitin redpills?

>> No.54031632

your picture should be le crabby face

>> No.54031653
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Well I'm broke as hell anyways, so none of this matters to me.

Maybe a few puts on Roku and the Blox

>> No.54031712

>only 1000 replies
Biz is dead

>> No.54031735

No they outed themselves. Tied up their money in junk bonds, couldn’t cover costs so had to sell at a huge loss. Jamie dimon simply pointed out the obvious, had nothing to do with the bank run

>> No.54031861

anon... you were too soon...

>> No.54031872

Shoo shoo stinky goblin

>> No.54031885
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nobody's mentioned /trv/ yet.
gonna take all gains to a nice vacation when everyone has negative dollars?

>> No.54031928

>junk bonds
Can ya explain more here? How do you lose a ton of money on fucking bonds? These aren't high-risk loans like what went down in 2008.

>> No.54031960

This fat nigga bending spacetime

>> No.54031965

It was 5% of their cash

>> No.54031990

Raising rates made those bonds non-competitive with literally any other option for prospective buyers to choose from which makes it harder, if not impossible, to offload those bonds in a timely manner when you need to raise money to accomodate withdrawal requests that you're suddenly being slammed with, courtesy of some of your biggest clients and then the rest of them, too.

>> No.54032017
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>> No.54032024

Junk bonds might not be the best way to put it, but think of it like this. They had all that money in bonds, which guarantees a certain percentage payout when it matures. Bond rates have gone up significantly since svb bought theirs. So think about it, why would anyone buy your bonds that are only paying out 2% when you can get one at 5%? Therefore, they must sell those bonds at a heavy discount (loss) because they aren’t worth much compared to the current going rate

>> No.54032034

>Buy bonds during ZIRP
>ZIRP ends
>FFR and thus T rate goes up
>Low interest corporate paper worthless on open market

>> No.54032038
File: 6 KB, 260x194, index.jpg [View same] [iqdb] [saucenao] [google]

>Rothschilds bow to Bogdanoffs
>In contact with aliens
>Possess psychic-like abilities
>Control france with an iron but fair fist
>Own castles & banks globally
>Direct descendants of the ancient royal blood line
>Will bankroll the first cities on Mars (Bogdangrad will be be the first city)
>Own 99% of DNA editing research facilities on Earth
>First designer babies will in all likelihood be Bogdanoff babies
>both brothers said to have 215+ IQ, such intelligence on Earth has only existed deep in Tibetan monasteries & Area 51
>Ancient Indian scriptures tell of two angels who will descend upon Earth and will bring an era of enlightenment and unprecedented technological progress with them
>They own Nanobot R&D labs around the world
>You likely have Bogdabots inside you right now
>The Bogdanoffs are in regular communication with the Archangels Michael and Gabriel, forwarding the word of God to the Orthodox Church. Who do you think set up the meeting between the pope & the Orthodox high command (First meeting between the two organisations in over 1000 years) and arranged the Orthodox leader's first trip to Antarctica in history literally a few days later to the Bogdanoff bunker in Wilkes land?
>They learned fluent French in under a week
>Nation states entrust their gold reserves with the twins. There's no gold in Ft. Knox, only Ft. Bogdanoff
>The twins are about 7 decades old, from the space-time reference point of the base human currently accepted by our society
>In reality, they are timeless beings existing in all points of time and space from the big bang to the end of the universe. We don't know their ultimate plans yet. We hope they're benevolent beings.

>> No.54032050
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it has begun

>> No.54032065

So regional commercial bank has no risk right? I would only be fucked if my employer has exposure to investment bank run? And also everyone here would be under the Fdic limit anyways

>> No.54032067

So then it circles back to my original question in how a competitor bank is able to legally instigate a massive run as it did.

>> No.54032080
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>> No.54032096

Truth is not a malicious act no matter how you try to twist it
You're looking for an angle where da joos did it but this aint it.
Fault lies with SVB and SVB only

>> No.54032098

Chase didn’t instigate the run SVB was fucked either way. Jamie Dimon (the chase guy) just pointed out what everyone already knew. SVB outed themselves on Wednesday

>> No.54032104

Essentially too-big-to-fail mentality & quantitative easing mean absolute idiots get billions upon billions of dollars to spend with no accountability or consequences. They simply retire to their mansions after leaving treasury and society at large holding the flaming disaster. 'Not my problem'. They leeched all the money they needed long ago anyways.

The specifics is that they went in on billions in government bonds at a 1.6 interest rate and then found nobody would buy them once the government issued new bonds at far higher and more valuable interest rates. Their only option was to sell them for pennies on the dollar and become bankrupt.

>> No.54032132
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/VIP/fag reporting in

>> No.54032138 [DELETED] 
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based mlpchads

>> No.54032141

Honest answer? The rules are selectively enforced when it comes to what constitues influencing the markets with public discourse. It's to the point that normal people on TikTok feel the need to preface financial discussions with psuedo-legal disclaimers, but incidents like this are just considered par for the course in the high stakes world of financial brinksmanship. It's gross.

>> No.54032142

Through skill issue. This was pretty basic stuff. An anon from biz would manage better

>> No.54032153

>pennies on the dollar
Like what, 95/100? 90/100? 85/100?
I still can't fathom how they could have 200 billion in capital and not be able to pay 50 billion or whatever it was.

>> No.54032169

is it happening?

>> No.54032194

When you buy a bond at a low interest rate and interest rates go up, that equates to losing money due to the market value of the bond dropping.
In reality the implication arrow works the other way around, the effective yield of a bond is computed from its price. Price is determined at the midpoint of buyers and sellers.
To simplify it, they effectively put a ton of money into 3-4 year debt at, say, $95 and they'd get $100 per note back in 3-4 years. Now the notes are only worth $80 each due to the money printer turning off and their effective rate on the debt market is higher. For 2 years the Fed was printing money to buy up bonds and keep interest rates low. That ended.
They are made whole if they hold the notes to maturity, but they needed cash today. So it's tech bro holocaust now.

>> No.54032198

I think it was more like 40 cents on the dollar. They lost a shit ton of money

>> No.54032204

They could, it was a minor short fall, but investing houses of their large clients coordinated a bank run. I don't think it's schizo wall street engineering a Lehman to get QE but big firms saving their funds with the added upside of potential helicopter money later.

>> No.54032210

one of you /biz/fags better sell framed copies of this and the other ones at mare fair, we'll eat that shit up

>> No.54032216


Looking at these two, it's almost as though SVB is going to play the "AIG" role this time.

2008 Crash:
> everyone took wild bets, over-leveraged, and took/made bad loans and deals
> they did it because they had insurance, which protected them from loss
> winds up everyone had insurance through the same company, AIG
> when things went south, AIG quickly went insolvent, which meant that everyone who had sold their risk to AIG were now back on the hook for every shitty loan they conned someone into taking.

As it's starting to look here...
> so-called stable coins seen as a "safe" shelter to pause while trading shitcoin
> everyone uses stable-coin as their digital store of wealth
> the coin itself is mostly derivative, with the value held by constantly changing/moving bundles of all of the coins in the crypto market
> everyone buys it because SOMEONE has to have the real money somewhere.
> now we find that the place that had it went poof

I'm not enough of a crypto person to know how it's all set up, but there are situations where it's impossible for the stable coin algorithm to keep up; where it winds up buying increasingly worthless assets until there is no more money.

It also probably screws with trader algorithms; which foolishly assumed that there was such thing as a legitimately stable digital coin.

>> No.54032218

yes the thread only has 1000 replies, biz is officially dead

>> No.54032240

Since this fucking with stable coins I guess my ETH and XMR are going to be worthless soon

>> No.54032285

i'm stupid, will this affect other countries?

>> No.54032305

Im selling all my ETH at 1500 this weekend

>> No.54032321
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/v/edditor and /biz/lurker here
postin inna sticky icky

>> No.54032323

Only positively because the fed might be forced to pivot soon

>> No.54032331
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>> No.54032339

So, to make a very simplified example to see if I'm understanding this correctly.
A) Bank buys fuck ton of bonds with the goal of getting $1.05 for every dollar spent in 10 years.
B) Interest rate goes up, now new bonds are guaranteeing $1.10 for every dollar spent in 10 years
C) Bank is forced to sell its guaranteed $1.05 for 50 cents because the new bonds give a slightly higher return.
I guess my question is, why would it be such a sharp drop? Sure I could see it selling for maybe 5-10% less, but why the hell would it be 50% loss if the guaranteed $1.05 is still there?

>> No.54032376
File: 100 KB, 1320x880, growling.jpg [View same] [iqdb] [saucenao] [google]

/lit/ reading the situation

>> No.54032377

I hate monkeys so much, look at its cheeky lil cunt face.

>> No.54032389
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>> No.54032392
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>> No.54032396

Yeah, crash is a good thing, my job is recession proof and low interest rates mean I can get a better deal on a car.

>> No.54032416

The guaranteed 1.05 is still there, but now it’s competing with a gurenteed 1.10. You see? Why buy the 1.05 instead of the 1.1 unless you can get it at a discount. Time was not on their side

>> No.54032426

The yield on the bonds they had to sell was less than inflation.

>> No.54032430

the topic isnt le epic crypto

>> No.54032448

I understand the situation, I was trying to explain to someone else. Wrong anon?
As I said they're made whole if they hold to maturity. But they had hours when they needed years.
If you have to sell right this very second, you get market price on your bonds / debt instruments. And that dropped quite a lot in tandem with market interest rates rising.

>> No.54032467

I agree. again I understand the situation. They had a bunch of debt that the bought at the very top at under 2% yield. Now market rates are north of 4-5% so kaboom.
Did I really word it that horribly? I was giving a basic example to someone else about how rising bond yields cause a loss.

>> No.54032473

>why would it be such a sharp drop?
Because the market is illiquid. There is no buyer for US bonds other than the fed.
Would you buy their 1.05 off of them?

>> No.54032474
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Please someone advice me, is it safe to hold WBTC on ethereum network and BTCB on BSC network?

>> No.54032483

Basically yeah. They got gouged because they needed it asap

>> No.54032516

Would I pay 80 cents to get $1.05 in a few years? Easily. I'm not saying that I don't get why a discount is needed. I'm just baffled why the discount was so fucking huge.

>> No.54032523

customers withdraw their deposits and force SVB to liquidate holdings at a loss so customers can put funds in bonds which yield more interest and more securely. Leveraged positions make things worse for SVB.

>> No.54032527

>Tony Stewart baked beans

>> No.54032536

oh fuck you weren't replying to me. my bad anon

>> No.54032537


>"The biggest wealth transfer in history."

>> No.54032550
File: 1.18 MB, 2598x2996, il_fullxfull.3601188848_7pwv.jpg [View same] [iqdb] [saucenao] [google]

Fuck USDC, Safest stable is probably MTR. Meter-io stablecoin value is pegged to the global average cost of electricity. MTRG governance token supply is only 40 million

>> No.54032570

>Would I pay 80 cents to get $1.05 in a few years? Easily.
You could use that 80 cents to buy 1.10 bonds directly from the government

>> No.54032577

Like he said, no buyers. They are trying to offload billions in a day. That’s why the sharp drop. They called up some guy trying to sell these bonds and he said fuck no unless you give me 40 cents on the dollar. They can’t sell this stuff on robinhood

>> No.54032587

Buy GME, save yourselves.

>> No.54032617

Because it would cost me 1 dollar to get that 1.10 from the government anon. Whereas to get 1.05 it would cost me 80 cents.

>> No.54032634

Yields are subject to compound interest and thus the difference between a 1.6% and 3.6% yield is exponential. Also there's enough high-yield bonds to satisfy market demand so you literally have to match the profitability of these exponentially higher yielding bonds by discounting to incite someone to buy your now unattractive bond.

>> No.54032652

Except the interest rates differential is huge. 1.6% vs 4% currently

>> No.54032668

10x worse

>> No.54032705

God damn /ck/ be leaking all over the place

>> No.54032724

Also, they make damn sure they're not liable for much. So they pay wealth tax on fuck all

>> No.54032733
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Actually nvm an anon on /pol/ said it wasn't bonds but MBS
And i had to double check this but holy shit these retards were majorly in MBS not UST.
Also its literally yet annoda 2008. How come you fall for the same shut twice

>> No.54032815

If you work for a startup in silicon valley you should be worried. If you work with a startup that is located in silicon valley you should be worried. If you work with a company that works with a company that is located in silicon valley then you can be kind of worried otherwise no you should not be worried. 200B is nothing when it comes to global finance.

>> No.54032819

But the mbs are still fine according to their cash flow, it was literally just fund managers yelling Fire and causing a bank run that killed it.

>> No.54032871
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Anyone who comes here from /a/ should be instantly banned

>> No.54032877

>rapid rise in interest rates destroys the value of existing bond reserves, driving small/regional financial institutions to ruin
isn't this exactly what happened in the 80's S&L crisis or am I retarded

>> No.54032907
File: 9 KB, 240x240, Matt Levine.jpg [View same] [iqdb] [saucenao] [google]

1/10 SVB

The lesson might be that there are some industries that are bad to bank. Imagine that it was 2021, and someone was like “do you want to start the Bank of Crypto? What about the Bank of Venture-Backed Tech Startups?” You’d be tempted, right? Those industries had so much money! They seemed cool. If you were their bank — if you were the specialized bank that exclusively focused on those industries — influencers on Twitter would tweet nice things about you, and you’d get invited to fancy parties. Also, as their bank, you’d probably find a way to get a cut of growing industries with lots of potential. Provide banking services to tech startups, get warrants in those startups, get rich when they go public. Provide banking services to crypto exchanges, start some sort of blockchain-based payment network, get rich through the magic of saying “blockchain” a lot.

But the structure of being the Bank of Crypto or Startups was a bit rickety. Traditionally, the way a bank works is that it takes deposits from people who have money, and makes loans to people who need money. The weird problem with focusing exclusively on crypto or startups in 2021 is that they had too much money. If you were the Bank of Startups, the main service that you provided to startups is that equity investors would give them a truck full of cash and they’d deposit it at your bank. Here is how SVB Financial Group, the holding company of Silicon Valley Bank, describes the vibe of 2021 and 2022 in its Form 10-K two weeks ago:

>Much of the recent deposit growth was driven by our clients across all segments obtaining liquidity through liquidity events, such as IPOs, secondary offerings, SPAC fundraising, venture capital investments, acquisitions and other fundraising activities—which during 2021 and early 2022 were at notably high levels.

People kept flinging money at SVB’s customers, and they kept depositing it at SVB. Perfectly reasonable banking service

>> No.54032915

But the customers didn’t need loans, in part because equity investors kept giving them trucks full of cash and in part because young tech startups tend not to have the fixed assets or recurring cash flows that make for good corporate borrowers. [1] Oh, there is some tech-industry-adjacent lending you can do. [2] Tech founders want to buy houses, and you can give them mortgages. Venture capital and private equity funds want to manage liquidity and/or juice their reported return rates by paying for investments with borrowed money rather than drawing from their limited partners, so you can get into the capital-call-line-of-credit business. There are vineyards near Silicon Valley and you can develop an expertise in vineyard financing. And, sure, some of your tech-company customers do need to borrow money, and are creditworthy, and you lend them money and that works out. But there is a basic imbalance. Customer money keeps coming in, as deposits, but it doesn’t go out, as loans.

So you have all this customer cash, and you need to do something with it. Keeping it in, like, Fed reserves, or Treasury bills, in 2021, was not a great choice; that stuff paid basically no interest, and you want to make money. So you’d buy longer-dated, but also very safe, securities, things like Treasury bonds and agency mortgage-backed securities. We talked yesterday about how this worked out at Silvergate Capital Corp., the actual Bank of Crypto. And as of the end of 2022, Silicon Valley Bank, the actual Bank of Startups, had about $74 billion of loans and about $120 billion of investment securities.

>> No.54032918

can i finally buy property in SF

>> No.54032933

Crudely stereotyping, in traditional banking, you take deposits and make loans. In the Bank of Startups, in 2021, you take deposits and mostly buy bonds. Again crudely stereotyping, corporate loans often have floating interest rates and shorter terms, while bonds have fixed interest rates and longer terms. None of this is completely true — there are fixed-rate corporate loans and floating-rate bonds, traditional banking tends to involve making lots of loans (like mortgages) with long-term fixed rates, you can do swaps, etc. — but it is a useful crude stereotype. [3]

Or, to put it in different crude terms, in traditional banking, you make your money in part by taking credit risk: You get to know your customers, you try to get good at knowing which of them will be able to pay back loans, and then you make loans to those good customers. In the Bank of Startups, in 2021, you couldn’t really make money by taking credit risk: Your customers just didn’t need enough credit to give you the credit risk that you needed to make money on all those deposits. So you had to make your money by taking interest-rate risk: Instead of making loans to risky corporate borrowers, you bought long-term bonds backed by the US government.

>> No.54032941

didnt read

>> No.54032946

Crudely stereotyping, in traditional banking, you take deposits and make loans. In the Bank of Startups, in 2021, you take deposits and mostly buy bonds. Again crudely stereotyping, corporate loans often have floating interest rates and shorter terms, while bonds have fixed interest rates and longer terms. None of this is completely true — there are fixed-rate corporate loans and floating-rate bonds, traditional banking tends to involve making lots of loans (like mortgages) with long-term fixed rates, you can do swaps, etc. — but it is a useful crude stereotype. [3]

Or, to put it in different crude terms, in traditional banking, you make your money in part by taking credit risk: You get to know your customers, you try to get good at knowing which of them will be able to pay back loans, and then you make loans to those good customers. In the Bank of Startups, in 2021, you couldn’t really make money by taking credit risk: Your customers just didn’t need enough credit to give you the credit risk that you needed to make money on all those deposits. So you had to make your money by taking interest-rate risk: Instead of making loans to risky corporate borrowers, you bought long-term bonds backed by the US government.

>> No.54032957

ewww why would you want to?

>> No.54032965
File: 17 KB, 480x360, Bill Lumbergh.jpg [View same] [iqdb] [saucenao] [google]

The result of this is that, as the Bank of Startups, you were unusually exposed to interest-rate risk. Most banks, when interest rates go up, have to pay more interest on deposits, but get paid more interest on their loans, and end up profiting from rising interest rates. But you, as the Bank of Startups, own a lot of long-duration bonds, and their market value goes down as rates go up. Every bank has some mix of this — every bank borrows short to lend long; that’s what banking is — but many banks end up a bit more balanced than the Bank of Startups. At the Financial Times, Robert Armstrong writes:

>Few other banks have as much of their assets locked up in fixed-rate securities as SVB, rather than in floating-rate loans. Securities are 56 per cent of SVB’s assets. At Fifth Third, the figure is 25 per cent; at Bank of America, it is 28 per cent.

>For most banks higher rates, in and of themselves, are good news. They help the asset side of the balance sheet more than they hurt the liability side. … SVB is the opposite: higher rates hurt it on the liability side more than they help it on the asset side. As Oppenheimer bank analyst Chris Kotowski sums up, SVB is “a liability-sensitive outlier in a generally asset-sensitive world”.

>> No.54032978

Nobody wants to read this shit. The tldr is that the money train has stopped and anyone over exposed to tech is going to get crushed

>> No.54032983
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>> No.54032991
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But there is another, subtler, more dangerous exposure to interest rates: You are the Bank of Startups, and startups are a low-interest-rate phenomenon. When interest rates are low everywhere, a dollar in 20 years is about as good as a dollar today, so a startup whose business model is “we will lose money for a decade building artificial intelligence, and then rake in lots of money in the far future” sounds pretty good. When interest rates are higher, a dollar today is better than a dollar tomorrow, so investors want cash flows. When interest rates were low for a long time, and suddenly become high, all the money that was rushing to your customers is suddenly cut off. Your clients who were “obtaining liquidity through liquidity events, such as IPOs, secondary offerings, SPAC fundraising, venture capital investments, acquisitions and other fundraising activities” stop doing that. Your customers keep taking money out of the bank to pay rent and salaries, but they stop depositing new money.

This is all even more true of crypto — I mean, the Fed raised rates once and the entire crypto industry vanished? [4] — but it is not not true of startups. But if some charismatic tech founder had come to you in 2021 and said “I am going to revolutionize the world via [artificial intelligence][robot taxis][flying taxis][space taxis][blockchain],” it might have felt unnatural to reply “nah but what if the Fed raises rates by 0.25%?” This was an industry with a radical vision for the future of humanity, not a bet on interest rates. Turns out it was a bet on interest rates though.

>> No.54033003

at the rate it's going probably not worth it
but hey maybe this could be the housing crash everyone was waiting for

>> No.54033011

so don't read it nigga, that's how you got where you are today.

>> No.54033046

Here’s Bloomberg’s Katie Greifeld:

>Silvergate and SVB “in fact are victims of the same phenomenon as Fed tightening extinguishes froth from those parts of the economy with the most excess — and it’s hard to find more excess than in crypto and tech startups,” said Adam Crisafulli of Vital Knowledge.

And my Bloomberg Opinion colleague Paul Davies:

>Both crypto and venture capital booms were children of the ultra-low rates of the past decade and a half. Now, rising rates and the shrinking of the Federal Reserve’s balance sheet have burst those industry bubbles and increased the competition among banks for funding.

And so if you were the Bank of Startups, just like if you were the Bank of Crypto, it turned out that you had made a huge concentrated bet on interest rates. Your customers were flush with cash, so they gave you all that cash, but they didn’t need loans so you invested all that cash in longer-dated fixed-income securities, which lost value when rates went up. But also, when rates went up, your customers all got smoked, because it turned out that they were creatures of low interest rates, and in a higher-interest-rate environment they didn’t have money anymore. So they withdrew their deposits, so you had to sell those securities at a loss to pay them back. Now you have lost money and look financially shaky, so customers get spooked and withdraw more money, so you sell more securities, so you book more losses, oops oops oops. [5]

>> No.54033056
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As Armstrong puts it, SVB had “a double sensitivity to higher interest rates. On the asset side of the balance sheet, higher rates decrease the value of those long-term debt securities. On the liability side, higher rates mean less money shoved at tech, and as such, a lower supply of cheap deposit funding.”

Also, I am sorry to be rude, but there is another reason that it is maybe not great to be the Bank of Startups, which is that nobody on Earth is more of a herd animal than Silicon Valley venture capitalists. What you want, as a bank, is a certain amount of diversity among your depositors. If some depositors get spooked and take their money out, and other depositors evaluate your balance sheet and decide things are fine and keep their money in, and lots more depositors keep their money in because they simply don’t pay attention to banking news, then you have a shot at muddling through your problems.

>> No.54033089
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>> No.54033091

But if all of your depositors are startups with the same handful of venture capitalists on their boards, and all those venture capitalists are competing with each other to Add Value and Be Influencers and Do The Current Thing by calling all their portfolio companies to say “hey, did you hear, everyone’s taking money out of Silicon Valley Bank, you should too,” then all of your depositors will take their money out at the same time. In fact, Bloomberg reported yesterday:

>Unease is spreading across the financial world as concerns about the stability of Silicon Valley Bank prompt prominent venture capitalists including Peter Thiel’s Founders Fund to advise startups to withdraw their money. …

>Founders Fund asked its portfolio companies to move their money out of SVB, according to a person familiar with the matter who asked not to be identified discussing private information. Coatue Management, Union Square Ventures and Founder Collective also advised startups to pull cash, people with knowledge of the matter said. Canaan, another major VC firm, told firms it invested in to remove funds on an as-needed basis, according to another person.

>SVB Financial Group Chief Executive Officer Greg Becker held a conference call on Thursday advising clients of SVB-owned Silicon Valley Bank to “stay calm” amid concern about the bank’s financial position, according to a person familiar with the matter.

>Becker held the roughly 10-minute call with investors at about 11:30 a.m. San Francisco time. He asked the bank’s clients, including venture capital investors, to support the bank the way it has supported its customers over the past 40 years, the person said.

>> No.54033108

Nah, man, you don’t get to be a successful venture capitalist by taking a long view or investing in relationships or being contrarian. I’m sorry, I’m sorry, this is unfair. Of course they were right — Silicon Valley Bank did collapse, and if you got your money out early that was good for you — but that is largely self-fulfilling; if all the VCs hadn’t decided all at once to pull their money, SVB probably would not have collapsed. [6]

But it did:

>Silicon Valley Bank collapsed into Federal Deposit Insurance Corp. receivership on Friday, after its long-established customer base of tech startups grew worried and yanked deposits.

>The California Department of Financial Protection and Innovation in a statement Friday said it has taken possession of Silicon Valley Bank and appointed the FDIC as receiver, citing inadequate liquidity and insolvency.

The FDIC said that insured depositors would have access to their funds by no later than Monday morning. Uninsured depositors will get a receivership certificate for the remaining amount of their uninsured funds, the regulator said, adding that it doesn’t yet know the amount.

>Receivership typically means a bank’s deposits will be assumed by another, healthy bank or the FDIC will pay depositors up to the insured limit.

>> No.54033132

SVB’s capital stack looked roughly like this, as of Dec. 31:

-A tiny sliver of insured deposits (that is, deposits under the $250,000 FDIC limit), something like $8 billion worth out of $173 billion of total deposits. [7]
-Roughly $165 billion of uninsured deposits.
-Roughly $13 billion of “short-term borrowings,” meaning mostly Federal Home Loan Bank advances.
-Roughly $2 billion of long-term FHLB advances.
-Roughly $3 billion of long-term bonds.
-Maybe $4 billion of other liabilities, for a total of $195 billion of liabilities.
-About $3.6 billion of preferred stock.
-Common stock with a book value of about $12.4 billion and a market value, on Dec. 31, of about $13.6 billion.

It had assets of about $212 billion on that Dec. 31 balance sheet, though since then it has had to sell some assets and mark others down, and it’s not clear what they’re worth today. The California Department of Financial Protection and Innovation cite