SVB Closed by CDFPI, FDIC Appointed as Receiver

[Anonymous No.54023757]

https://www.fdic.gov/news/press-releases/2023/pr23016.html

[Anonymous No.54023781]

>>54023757
first

[Anonymous No.54023783]

>>54023757
ok

[Anonymous No.54023788]

Nothingburger.

[Anonymous No.54023789]

Did this really need a sticky?

[Anonymous No.54023791]

Shit thread

[Anonymous No.54023799]

>>54023781

[Anonymous No.54023803]

>>54023757
wat mean dis?

[Anonymous No.54023807]

a thread died for this

[Anonymous No.54023808]

>>54023757
Niggers

[Anonymous No.54023812]

Mods=fags

[Anonymous No.54023819]

ITS OVER

[Anonymous No.54023818]

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

[Anonymous No.54023821]

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

[Anonymous No.54023826]

>>54023757
It's been 8 hours.

[Anonymous No.54023831]

>>54023757
If you have usdc GET OUT NOW.

[Anonymous No.54023839]

I miss them

[Anonymous No.54023843]

ok, thanks Mr. Mod. Anyway...

[Anonymous No.54023846]

>>54023839
Holy shit

[Anonymous No.54023856]

HERE WE GO AGAIN

[Anonymous No.54023857]

ALL BOARDS, REPORT IN

[Anonymous No.54023864]

>no liquidity?

[Anonymous No.54023867]

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

[Anonymous No.54023872]

bump

[Anonymous No.54023875]

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

[Anonymous No.54023876]

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

[Anonymous No.54023877]

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

[Anonymous No.54023882]

beware the goose is loose

[Anonymous No.54023887]

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

[Anonymous No.54023908]

>>54023757
lol, lmao

[Anonymous No.54023910]

>>54023839
me too man, me too

[Anonymous No.54023915]

sticky deez nutz

[Anonymous No.54023916]

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

[Anonymous No.54023931]

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

[Anonymous No.54023951]

>>54023757
Nice knowing you guys

[Anonymous No.54023954]

POSTING IN EPIC BREAD

[Anonymous No.54023956]

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

[Anonymous No.54023957]

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

[Anonymous No.54023966]

>>54023757
old news

[Anonymous No.54023968]

Niggerposting in a sticky.

inb4 the kikes 'refund' everyone via CBDC

[Anonymous No.54023996]

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

[Anonymous No.54023997]

Does TLT go up if the fed pivots?

[Anonymous No.54024000]

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

Oh well.

[Anonymous No.54024005]

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?

[Anonymous No.54024007]

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

[Anonymous No.54024008]

>>54023968
Faggot jannies really deleted my nigger post lol

[Anonymous No.54024016]

Big if true

[Anonymous No.54024018]

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

[Anonymous No.54024020]

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

[Anonymous No.54024027]

It begins

[Anonymous No.54024047]

tru if bigg

[Anonymous No.54024063]

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

[Anonymous No.54024064]

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

[Anonymous No.54024072]

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

[Anonymous No.54024073]

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???

[Anonymous No.54024079]

Doubt my life is changing much

[Anonymous No.54024080]

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

[Anonymous No.54024086]

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

[Anonymous No.54024098]

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

[Anonymous No.54024103]

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

[Anonymous No.54024126]

this is what healthy, sustainable growth looks like

[Anonymous No.54024127]

>>54024072
this is just a regular bank

[Anonymous No.54024134]

Postin in da stickie

[Anonymous No.54024135]

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

[Anonymous No.54024139]

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

[Anonymous No.54024143]

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

[Anonymous No.54024171]

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

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

[Anonymous No.54024175]

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

[Anonymous No.54024194]

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

[Anonymous No.54024204]

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

[Anonymous No.54024205]

Who profits from this?

[Anonymous No.54024217]

>Another black woman as the economic experts
LMFAO

[Anonymous No.54024219]

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

[Anonymous No.54024223]

>>54023857
/sci/ here monitoring the countown

[Anonymous No.54024225]

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

[Anonymous No.54024233]

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

[Anonymous No.54024236]

>>54024205
people with sqqq

[Anonymous No.54024237]

kanye was right

[Anonymous No.54024262]

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

[Anonymous No.54024271]

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

[Anonymous No.54024272]

>Sticky
It's over

[Anonymous No.54024282]

Just curious should leafs be concerned?

[Anonymous No.54024283]

XRP schizos were right all along weren't they.

[Anonymous No.54024301]

>>54024282
Yes.

[Anonymous No.54024307]

A biz sticky? Now I can post about candlejac

[Anonymous No.54024315]

I hope all the dog coins go to 0

[Anonymous No.54024319]

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

[Anonymous No.54024333]

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

[Anonymous No.54024335]

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

[Anonymous No.54024349]

>>54023757
rolling for a bloody monday

[Anonymous No.54024357]

N

[Anonymous No.54024359]

>Only 1000 replies

biz is dead

[Anonymous No.54024360]

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

[Anonymous No.54024374]

>>54023857
/int/tard one here

[Anonymous No.54024379]

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

[Anonymous No.54024380]

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

[Anonymous No.54024386]

stickyyyyy!!!

[Anonymous No.54024398]

>>54024359
barely 100 , adjust your glasses anon

[Anonymous No.54024400]

>>54024205
whatever god jim cramer pissed off

[Anonymous No.54024404]

If shit hits the fan will there even be a bailout

[Anonymous No.54024405]

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

[Anonymous No.54024409]

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

[Anonymous No.54024411]

>dead sticky

[Anonymous No.54024415]

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

[Anonymous No.54024424]

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

[Anonymous No.54024431]

Everyone stop posting. The mods are fags.

[Anonymous No.54024432]

>>54023757
what does this mean?

[Anonymous No.54024434]

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

[Anonymous No.54024439]

>>54024404
Not for white people

[Anonymous No.54024440]

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

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

[Anonymous No.54024442]

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

[Anonymous No.54024449]

>>54024223
>muran borrowind

[Anonymous No.54024455]

>>54023757
Postin in ebin stigy :DDDD

[Anonymous No.54024459]

>>54024335
>this year

[Anonymous No.54024468]

>>54024442
XRP

Schizos are always right.

[Anonymous No.54024475]

>>54023757

[Anonymous No.54024476]

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

[Anonymous No.54024485]

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

[Anonymous No.54024499]

>>54023799
Impressive

[Anonymous No.54024507]

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

[Anonymous No.54024510]

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

[Anonymous No.54024520]

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

[Anonymous No.54024535]

>>54024442
chainlink

[Anonymous No.54024555]

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

[Anonymous No.54024558]

>sticky for a nothingburger

[Anonymous No.54024573]

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

[Anonymous No.54024577]

Hope you niggas are prepped.

[Anonymous No.54024592]

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

[Anonymous No.54024600]

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

[Anonymous No.54024606]

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

[Anonymous No.54024607]

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

[Anonymous No.54024608]

>>54024558
Cope

[Anonymous No.54024613]

>>54024217
Shhhhiiiiiiiiieeeeet

[Anonymous No.54024618]

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

[Anonymous No.54024636]

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.

[Anonymous No.54024643]

>>54024577
i invested in something with real value.

[Anonymous No.54024658]

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

[Anonymous No.54024662]

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

[Anonymous No.54024665]

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

[Anonymous No.54024676]

>>54023857
/a/ here

[Anonymous No.54024685]

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

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

[Anonymous No.54024686]

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

[Anonymous No.54024691]

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

[Anonymous No.54024695]

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

[Anonymous No.54024697]

>>54023857
/pol/ reporting in o7

[Anonymous No.54024698]

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

[Anonymous No.54024701]

>>54024359
Ironic because biz actually is really dead

[Anonymous No.54024704]

>>54024643
>not longing wine herring
kek poorfag

[Anonymous No.54024707]

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

[Anonymous No.54024711]

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

[Anonymous No.54024718]

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

[Anonymous No.54024729]

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

[Anonymous No.54024731]

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

[Anonymous No.54024742]

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

[Anonymous No.54024752]

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

[Anonymous No.54024755]

ITS OVER

[Anonymous No.54024759]

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

[Anonymous No.54024760]

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

[Anonymous No.54024763]

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?

[Anonymous No.54024765]

[Anonymous No.54024767]

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

[Anonymous No.54024768]

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

[Anonymous No.54024780]

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

[Anonymous No.54024781]

>>54024126
BUT THE FUNDAMENTALS

[Anonymous No.54024784]

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

[Anonymous No.54024786]

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

[Anonymous No.54024789]

>>54024685
kek

[Anonymous No.54024791]

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

[Anonymous No.54024793]

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

[Anonymous No.54024812]

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

[Anonymous No.54024815]

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

[Anonymous No.54024820]

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.

[Anonymous No.54024823]

>>54024335
>>54024459
>first

[Anonymous No.54024827]

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

[Anonymous No.54024828]

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

[Anonymous No.54024830]

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

[Anonymous No.54024833]

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

[Anonymous No.54024834]

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

[Anonymous No.54024837]

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

[Anonymous No.54024838]

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

[Anonymous No.54024844]

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

[Anonymous No.54024849]

No one panic, the millennials and EVs will save us

[Anonymous No.54024853]

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

[Anonymous No.54024858]

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

[Anonymous No.54024861]

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

[Anonymous No.54024865]

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

[Anonymous No.54024866]

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

[Anonymous No.54024868]

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

[Anonymous No.54024870]

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

[Anonymous No.54024875]

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

[Anonymous No.54024878]

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

[Anonymous No.54024887]

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

[Anonymous No.54024896]

>>54024887
Your mom smokes big sprats

[Anonymous No.54024902]

>>54024643
Based King Oscar appreciator.

[Anonymous No.54024907]

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

[Anonymous No.54024908]

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

[Anonymous No.54024916]

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

[Anonymous No.54024917]

>>54024887
interesting lid design.

[Anonymous No.54024922]

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

[Anonymous No.54024942]

Is this the 1st sticky on biz

[Anonymous No.54024958]

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

[Anonymous No.54024970]

>financial collapse
>only 1000 replies
This board is dead

[Anonymous No.54024976]

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

[Anonymous No.54024977]

this is the shittiest and slowest sticky in 4chan history

[Anonymous No.54024980]

it's not happening r-right guys

[Anonymous No.54024993]

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

[Anonymous No.54025018]

>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...

[Anonymous No.54025024]

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

[Anonymous No.54025048]

>>54023857
/X/fag reporting in

[Anonymous No.54025055]

>>54024577
Too many guns.

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

[Anonymous No.54025057]

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

[Anonymous No.54025066]

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

[Anonymous No.54025069]

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

[Anonymous No.54025073]

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

[Anonymous No.54025075]

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

[Anonymous No.54025090]

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

[Anonymous No.54025095]

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

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

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

[Anonymous No.54025098]

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

[Anonymous No.54025102]

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

[Anonymous No.54025113]

>>54024016

[Anonymous No.54025125]

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

[Anonymous No.54025135]

Today marks the official start of Swan Season.

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

[Anonymous No.54025138]

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

[Anonymous No.54025140]

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

[Anonymous No.54025156]

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

[Anonymous No.54025159]

>>54023757
The power of diversity and women!

[Anonymous No.54025174]

>>54025138
>/vt/

[Anonymous No.54025186]

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

[Anonymous No.54025199]

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

[Anonymous No.54025202]

>>54025174
That's /tv/ dumbass

[Anonymous No.54025214]

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

[Anonymous No.54025231]

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?

[Anonymous No.54025238]

>>54025125
It's so over

[Anonymous No.54025239]

>>54025140
Half of ALL VENTURE BACKED US FIRMS

[Anonymous No.54025240]

>>54024577
Where are the meds?

[Anonymous No.54025258]

>>54023857
/tv/ here for the memes

[Anonymous No.54025259]

>>54023839
>implying they are gone

[Anonymous No.54025264]

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

[Anonymous No.54025274]

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.

[Anonymous No.54025278]

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

[Anonymous No.54025302]

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

[Anonymous No.54025308]

>>54025274
bitcoin or ethereum

[Anonymous No.54025320]

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

[Anonymous No.54025321]

posting in a biz sticky thread

[Anonymous No.54025325]

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

[Anonymous No.54025328]

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

[Anonymous No.54025329]

>>54025302
Is there any cosplay of this girl?

[Anonymous No.54025332]

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

[Anonymous No.54025347]

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

[Anonymous No.54025349]

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

[Anonymous No.54025353]

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

[Anonymous No.54025359]

>>54025302
Not mad, just disappointed.

[Anonymous No.54025368]

>>54023757

[Anonymous No.54025373]

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

[Anonymous No.54025377]

what are the ramifications of this

[Anonymous No.54025378]

>>54024217
WE NEED MO MONEY FO DEM PROGRAMZ

[Anonymous No.54025381]

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

[Anonymous No.54025387]

>>54023757
uh oh we have a sticky habbening

[Anonymous No.54025400]

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

[Anonymous No.54025403]

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

[Anonymous No.54025404]

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

[Anonymous No.54025414]

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

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

[Anonymous No.54025419]

>>54025368

[Anonymous No.54025421]

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

[Anonymous No.54025424]

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

[Anonymous No.54025440]

From @pulte
All the frauds being exposed

[Anonymous No.54025448]

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

[Anonymous No.54025450]

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

[Anonymous No.54025451]

>>54023831
And Tether.

[Anonymous No.54025472]

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

[Anonymous No.54025473]

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

[Anonymous No.54025476]

2nd largest bank failure in the US
RIP

[Anonymous No.54025490]

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

[Anonymous No.54025525]

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

[Anonymous No.54025527]

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

[Anonymous No.54025529]

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

[Anonymous No.54025534]

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

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

[Anonymous No.54025546]

>>54025490
Go back, nafo-tranny

[Anonymous No.54025558]

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

[Anonymous No.54025579]

>>54025368
Kiwibros not like this

[Anonymous No.54025583]

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

[Anonymous No.54025592]

>>54025472
>>54025476
shit is lit

[Anonymous No.54025623]

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

[Anonymous No.54025627]

>>54023757
Not my problem.

[Anonymous No.54025630]

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

[Anonymous No.54025633]

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?

[Anonymous No.54025635]

BUY
THE
DIP

[Anonymous No.54025637]

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

[Anonymous No.54025648]

>>54025527
Man I love this little nigger bird

[Anonymous No.54025656]

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

[Anonymous No.54025663]

>>54024080

https://youtu.be/dREqmrt9EYc

[Anonymous No.54025662]

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

[Anonymous No.54025665]

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

[Anonymous No.54025668]

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

[Anonymous No.54025671]

>>54025635
I am slurping as hard as I can

[Anonymous No.54025681]

burry was right again

[Anonymous No.54025687]

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

[Anonymous No.54025690]

>>54025656
Easy 8, maybe 9

[Anonymous No.54025692]

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

[Anonymous No.54025697]

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

[Anonymous No.54025700]

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

[Anonymous No.54025705]

>>54025579
>>54025630
nevermind I'm retarded

[Anonymous No.54025713]

>>54025665
Oh boy. Prepare your anuses.

[Anonymous No.54025715]

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

[Anonymous No.54025721]

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

[Anonymous No.54025725]

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

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

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

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

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

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

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

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

[Anonymous No.54025729]

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

[Anonymous No.54025731]

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

[Anonymous No.54025734]

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

[Anonymous No.54025738]

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

[Anonymous No.54025741]

> 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?

[Anonymous No.54025753]

>only 300 replies
biz is dead

[Anonymous No.54025761]

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

[Anonymous No.54025767]

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

[Anonymous No.54025769]

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

[Anonymous No.54025776]

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

[Anonymous No.54025780]

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

[Anonymous No.54025790]

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

[Anonymous No.54025793]

>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

[Anonymous No.54025797]

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

[Anonymous No.54025799]

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

[Anonymous No.54025803]

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

[Anonymous No.54025811]

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

[Anonymous No.54025818]

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

[Anonymous No.54025820]

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

[Anonymous No.54025827]

>>54025790
broofs :DDD

[Anonymous No.54025834]

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

[Anonymous No.54025837]

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

[Anonymous No.54025839]

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

[Anonymous No.54025846]

>>54023857
polcel

[Anonymous No.54025850]

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

[Anonymous No.54025853]

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

[Anonymous No.54025864]

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

[Anonymous No.54025867]

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.

[Anonymous No.54025871]

hmmm

[Anonymous No.54025873]

>barely any pink wojaks
nothingburger

[Anonymous No.54025874]

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

[Anonymous No.54025883]

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

[Anonymous No.54025889]

>>54024282
lol
lmao

[Anonymous No.54025892]

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

[Anonymous No.54025947]

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

[Anonymous No.54025953]

>>54023857
/pol/ standing by

[Anonymous No.54025956]

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

[Anonymous No.54025961]

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

[Anonymous No.54026001]

>>54025827
>dox yourself
No thanks :DDD

>>54025834
Happens to the best of us

[Anonymous No.54026003]

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

[Anonymous No.54026006]

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

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

[Anonymous No.54026015]

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

[Anonymous No.54026024]

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

[Anonymous No.54026030]

>>54023857
/tg/, rattling dice.

[Anonymous No.54026032]

yejibros

[Anonymous No.54026035]

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

[Anonymous No.54026053]

>>54023857
/pol/
>it's over

[Anonymous No.54026055]

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

[Anonymous No.54026060]

>>54025403
Lol my puts will print Monday

[Anonymous No.54026063]

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

[Anonymous No.54026067]

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

[Anonymous No.54026069]

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

[Anonymous No.54026085]

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

[Anonymous No.54026087]

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

[Anonymous No.54026099]

>>54026032
Not like this yejibros...

[Anonymous No.54026102]

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

[Anonymous No.54026103]

It’s actually happening

[Anonymous No.54026124]

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

[Anonymous No.54026129]

>>54023857
Representing /fit/, lfg boys.

[Anonymous No.54026156]

>>54024691
It will finally be over...

[Anonymous No.54026158]

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?

[Anonymous No.54026167]

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

[Anonymous No.54026169]

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

[Anonymous No.54026179]

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

[Anonymous No.54026181]

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

[Anonymous No.54026183]

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

this all seems kinda gay to me

[Anonymous No.54026184]

>>54026158
You should have did that today

[Anonymous No.54026188]

>>54026102
you know you can check for yourself right

[Anonymous No.54026190]

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

[Anonymous No.54026208]

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

[Anonymous No.54026212]

151 billion total or 97% are insured lmao.

[Anonymous No.54026221]

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

[Anonymous No.54026224]

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

[Anonymous No.54026228]

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

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

[Anonymous No.54026230]

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

[Anonymous No.54026240]

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

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

[Anonymous No.54026248]

>>54026129

[Anonymous No.54026255]

>>54026221
>

[Anonymous No.54026264]

>>54026240
>to big to fail
again?

[Anonymous No.54026269]

>>54026240
Taxes???

[Anonymous No.54026275]

>>54026087
based

[Anonymous No.54026290]

USDC doing a lil sumsum

[Anonymous No.54026292]

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

[Anonymous No.54026308]

>>54026264
happening.

[Anonymous No.54026311]

>>54023757
Its over

[Anonymous No.54026313]

>>54026240
https://www.youtube.com/watch?v=wz-PtEJEaqY

[Anonymous No.54026325]

>>54026292
Anon, I...

[Anonymous No.54026332]

>>54026087
>>54026275
back to reddyt

[Anonymous No.54026340]

>>54026313
"annnnnd it's gone."

[saige No.54026345]

>>54026158
If Barclays go under you'd be dead anyway. Too big to fail. Don't worry, worrypants. Also, you're insured.

[Anonymous No.54026368]

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

[saige No.54026390]

>>54026264
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.

[Anonymous No.54026394]

>>54026292
>Fed
Has nothing to do with the Fed. This is a Congress thing, just like last time. Fucking retard.

[Anonymous No.54026395]

>>54026240
https://www.congress.gov/bill/111th-congress/house-bill/4173/text

[Anonymous No.54026396]

>>54026290
its no surprise when 3 out 6 banks that circle had its usdc treasuries backed in were silvergate , silicon valley and signature bank kek

[Anonymous No.54026397]

HOLY FUCK USDC IS IN FREEFALL

[Anonymous No.54026407]

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

[Anonymous No.54026414]

>>54026325
He's not in charge, doesn't matter what he says. What does JPOW says, the only man running the economy

[Anonymous No.54026416]

>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?

[saige No.54026423]

>>54026368
this man clearly has skin in the game lmao
should've gone with JPMorgan

[Anonymous No.54026436]

>>54026390
>Just print a bit of money
just grab some from the inflation bill.

[Anonymous No.54026437]

>>54023997
>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.

[Anonymous No.54026438]

>>54026416
they are not shorting niggers anon
they are shorting white people

its for real this time

[Anonymous No.54026440]

>>54026407
Nothingburger cause bailouts happening

[Anonymous No.54026447]

>>54026368
We warned you about banks, bro. We warned you.

[Anonymous No.54026450]

>>54026397
I'm feeling sick...

[Anonymous No.54026454]

>>54024442
Chainlink

[Anonymous No.54026453]

>>54026416
The niggers this time around are the techtards in California.

[Anonymous No.54026460]

>>54026397
hope it crashes and burns lmao

[Anonymous No.54026464]

>>54023857
/lgbt/ here
I don't really understand it all but I'm here for the memes

[Anonymous No.54026467]

>>54026440
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

[Anonymous No.54026475]

>>54026240
They liquidate the bank's assets to refund the investors too, dumbasses.

[Anonymous No.54026478]

>>54023857
/tg/ here I'm just going to continue painting miniatures and pretending nothing is wrong.

[Anonymous No.54026481]

>>54026397
>>54026460
i like crypto but coinbase and their fees can suck it

[Anonymous No.54026482]

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.

AHHHH
AUUUUGHH
UUUUUUUUUUUUUUUUUGH
OOOOOOFFFFFFFFFFFF
gaaaaaaaaaaaaaaah
It's like an intense burning through my entire ip address
ahhhhhhhhhhhhhhhhhhhhuuuuuuuuuughhhhhhhhhh
You can see it turn black around the border of the ban screen
oooooooowwwwwwww
aaahhhhh

That's it for us here on Brave Wilderness

[Anonymous No.54026501]

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

[Anonymous No.54026505]

>>54026475
All those valuable assets that the collapsed bank was sitting on. I bet they'll make a mint.

[Anonymous No.54026509]

>>54026467
People have been saying that for 2 years now. It's going to be fine, probably

[Anonymous No.54026512]

>>54026501
50% of all venture backed US companies are exposed, gee Idk

[Anonymous No.54026514]

>>54026453
>No John, you are the niggers.

[Anonymous No.54026525]

>>54026505
I'm sure it's far more than 250k per person's worth

[Anonymous No.54026528]

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

[Anonymous No.54026541]

>>54023857
/Pol/
Lets go total collapse, maximum chaos, finally all these years of prepping
ITS happening

[saige No.54026542]

>>54026512
>all venture backed US companies
retard

[Anonymous No.54026543]

>>54026525
I bet it's far less than it needs to be.

[Anonymous No.54026544]

>>54026509
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.

[Anonymous No.54026553]

>>54026512
i'm sure most of those are just vaporwave so they are not that important

[Anonymous No.54026557]

>>54023839
They faked their deaths

[Anonymous No.54026565]

>>54026453
And?

[Anonymous No.54026567]

>>54026553
>vaporwave
lmao "the vaporwave crash" would be an awesome chapter in a history book

[Anonymous No.54026569]

>>54026542
fucking clipping out the 50% I specifically wrote in there, you fucking disingenuous retard.
https://www.bloomberg.com/news/articles/2023-03-10/silicon-valley-bank-the-investor-lender-networker-of-startups

[Anonymous No.54026576]

>>54026553
>vaporwave
lol

[Anonymous No.54026582]

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

[Anonymous No.54026586]

>>54026528
inflated their revenues by faking them and cooked their debt books

[Anonymous No.54026628]

>>54026553
The tech sector is notoriously important for US economic growth, and every single vaporware company counted as part of that assertion.

[Anonymous No.54026633]

>>54026542
retard

[Anonymous No.54026635]

>>54026569
I’m going to need a non paywalled link

[Anonymous No.54026638]

>>54026553
>>54026576
That reminds me

>>>/wsg/4998339
The office-related ones are always great

[Anonymous No.54026648]

[Anonymous No.54026656]

>>54026635
clipped the important part here >>54026633

[Anonymous No.54026676]

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

[Anonymous No.54026678]

https://www.seaglassproperties.com/search/homes-for-sale/st.-thomas-st-thomas--x73803-73803/

lets crowdsource

[Anonymous No.54026687]

>>54026676
digits and its all of them

[Anonymous No.54026694]

>>54026676
None (yet).
This is a manufactured fear event.

[Anonymous No.54026702]

>>54026648
this guy must have so many enemies by now

[Anonymous No.54026703]

>>54023857
pol reporting in. anons I have seen the ufos irl. we are slaves here to the tech masters. good luck.

[Anonymous No.54026705]

>>54026687
Rolling

[Anonymous No.54026706]

>>54026676
First Republic almost definitely the next to fail out of the ones you listed

[Anonymous No.54026713]

>>54026678
that would be amusing.

[Anonymous No.54026718]

>>54026676
Bank of America

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

[Anonymous No.54026723]

>>54023757
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.

[Anonymous No.54026726]

>>54026188
>>54026676
take a guess

[Anonymous No.54026729]

>>54026676
credit suisse

[Anonymous No.54026736]

>>54026678
probably no good internet on there and i won't bother with calling some faggot technician to get it set up properly

[Anonymous No.54026740]

>yfw you get to watch another 2008 crisiskino

[Anonymous No.54026743]

>>54026633
>>54026569
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.

[Anonymous No.54026744]

>>54026729
Fuck that's right people were talking about that months ago

[Anonymous No.54026748]

>>54023857
/cm/ standing by
going to slurp the bottom and buy myself a top later

[Anonymous No.54026757]

>>54026723
97% of accounts losing money
>This isn't bad news overvall.
>In a company that serves half of all venture-backed US companies
hahahahahahahahahahahaha.

[Anonymous No.54026769]

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

[Anonymous No.54026772]

>>54026743
Did I fucking say it was? Holy shit I hate sharing the autistic speech therapy board with you fucks

[Anonymous No.54026782]

>>54026757
these people are delusional

[Anonymous No.54026785]

>>54023857
/g/ I'm already on 100% cash

[Anonymous No.54026786]

>>54026676
The Federal Reserve

[Anonymous No.54026794]

>>54024072
This post is very representative of the iq of this board these days.

[Anonymous No.54026799]

>>54026772
it's not gonna crash, anon.
And I understood perfectly well what you WISH you could've said.

[Anonymous No.54026809]

>>54026743
>You wish so hard for banking collapse, just as you wished hard for hyperinflation. Guess what? Not happening.

[Anonymous No.54026819]

>>54026703
How did Baal got associated with Satanism? In ancient Egypt Baal was god of fertility and weather,

[Anonymous No.54026829]

Is it happening?

[Anonymous No.54026835]

>>54026799
Not going to crash? It already fucking has you monkey brained retard, it has been fucking SEIZED BECAUSE IT CRASHED.

[Anonymous No.54026841]

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

[Anonymous No.54026851]

uh oh. CEObros???

[Anonymous No.54026865]

>>54026835
nah, it won't spread.
>>54026841
In this specific situtation it means it's not an important bank.

[Anonymous No.54026871]

>>54026851
>HELOCs
Oh boy here we fucking go.

[Anonymous No.54026875]

>>54026851
> personal mortgages
> home equity lines
> for hundreds of thousands of people who just missed their payroll
Holy fuck. The housing crash is actually here.

[Anonymous No.54026880]

>>54026786
heh

[Anonymous No.54026882]

>>54026865
Won't? It already has, do you know how many fucking businesses there are that already cannot pay their fucking staff?

[Anonymous No.54026884]

>>54026865
damn, there's a literal silicon valley employee in this thread right now

[Anonymous No.54026888]

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

[Anonymous No.54026890]

>>54026819
Diablo 2.

[Anonymous No.54026891]

>>54023857
/g/ reporting in. Is this 2008 all over again?

[Anonymous No.54026896]

>>54026884
This

[Anonymous No.54026905]

>>54026786
I fucking wish

[Anonymous No.54026908]

>>54026891
possibly

[Anonymous No.54026912]

>>54026891
It's of a similar scale, and it's starting with the techbros of Silicon Valley instead of random negroes with subprime mortgages.

[Anonymous No.54026917]

>>54026891
it's 2023, time goes forward and doesn't loop retard

[Anonymous No.54026918]

>>54026891
Nope. This is a total nothingburger. Anyone who thinks this is going to result in anything serious is a Trumpist stooge.

[Anonymous No.54026921]

>>54026829
Yep. Our suffering is almost over.

[Anonymous No.54026928]

>>54026891
>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.

[Anonymous No.54026945]

Kek just imagine if they do a bail in.

[Anonymous No.54026948]

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

[Anonymous No.54026966]

>>54026865
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?

[Anonymous No.54026970]

>>54026875
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.
>>54026891
Monday and the coming week will be a bigger tell of what is to come.

[Anonymous No.54026994]

>>54026882
There are zero. Companies not only keep their money in different banks, but they also have access to payroll loans. They'll be fine.

[Anonymous No.54027018]

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

[Anonymous No.54027039]

>>54026994
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...

[Anonymous No.54027060]

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

[Anonymous No.54027063]

>>54026948
Honestly you're doing it wrong if you aren't joining in. This isn't the place to come for news.

[Anonymous No.54027066]

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

[Anonymous No.54027074]

>>54026948
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.

[Anonymous No.54027082]

>>54023857
/vt/ says hi again

[Anonymous No.54027088]

>>54027018
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.

[Anonymous No.54027099]

>>54026966
Checked
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

[Anonymous No.54027104]

>>54023757
this time of year seems fit for happenings the past 4 years

[Anonymous No.54027107]

>>54026966
>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.

[Anonymous No.54027123]

>>54027074
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.

[Anonymous No.54027143]

>>54027099
wait until /biz/ finds out the same is true for fake internet money

[Anonymous No.54027148]

>>54027039
>lot of tech startups everything tied up in Silicon Valley Bank...
I'm afraid not.

[Anonymous No.54027173]

>>54026918
>a Trumpist stooge
nice buzzword bingo!

[Anonymous No.54027175]

>>54027148
>purposefully misquoting
Why even bother, rabbi?

[Anonymous No.54027188]

>>54026841
Okay.
>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.
https://www.youtube.com/watch?v=lbwjS9iJ2Sw

[Anonymous No.54027197]

>>54027148
Rippling is just one example of a payroll firm that got caught up in this mess

[Anonymous No.54027199]

>>54027074
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]

[Anonymous No.54027226]

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?

[Anonymous No.54027230]

>>54026948
FTX imploding wasn't as big as this though FTX was probably more spectacular in its absurdity.

[Anonymous No.54027247]

>>54027175
Anon, saying the payroll system is the important thing in all that is even more stupid. They'll just pick another bank on Monday.

[Anonymous No.54027251]

>>54027104
>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.

[Anonymous No.54027257]

>>54027226
Crypto doesn't fall until traditional collateral sources completely evaporate. How close we are to that moment is anyone's guess.

[Anonymous No.54027263]

>>54024887
impressive. very nice. now let's see the Riga sprats.

[Anonymous No.54027269]

>>54023757
AWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWWW

[Anonymous No.54027270]

>>54026918

[Anonymous No.54027272]

>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?

[Anonymous No.54027293]

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

[Anonymous No.54027308]

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

[Anonymous No.54027319]

>>54023757
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.

[Anonymous No.54027321]

>>54024080
The only safe hedge in this scenario is GME.
WAGMI
https://youtu.be/2LE0KpcP05I

[Anonymous No.54027324]

>>54027197
>some stupid startup that does the job of the HR deparment for them
come on...

[Anonymous No.54027337]

>>54027272
>FDIC now likely to sell SVB to JPMorgan
There isnt really any evidence of that yet.

[Anonymous No.54027342]

>>54027293
DO NOT REDEEM

[Anonymous No.54027348]

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

[Anonymous No.54027369]

>>54027251
Its the check engine light for WV golfs, anyway sign your in to piss away a lot of cash

[Anonymous No.54027370]

>>54027143
imagine simping for fake goverment money

[Anonymous No.54027371]

>>54024282
The lightning will stuff them again

[Anonymous No.54027379]

>>54027324
I agree, it is stupid, but that's exactly what they do

[Anonymous No.54027388]

>>54027319
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...

[Anonymous No.54027401]

>>54023757
I'M TO YOUNG TO FACE A SYSTEMATIC BANKING COLLAPSE

[Anonymous No.54027417]

>>54026085
A lot of these tech companies are not as smart as you think they are.

[Anonymous No.54027437]

henlo
what is USDC and why is it depegging?

[Anonymous No.54027440]

>>54027370

[Anonymous No.54027449]

>>54027401
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.

>>54026085
HAHAHAHAHAAHAHAHAHAHAHA! OH BOY are you a tourist from another board? Because you have no idea how bad this shit is.

[Anonymous No.54027457]

>>54027417
retard

[Anonymous No.54027467]

THE US GOVERNMENT NEEDS TO BAIL OUT SVB RIGHT FUCKING NOW.
>b-b-b-but MUH TAX DOLLARS
IF YOU DONT BAIL THEM OUT YOU WILL PAY FOR IT REGARDLESS IN HIGHER PRICES FOR EVERYTHING TECHNOLOGY RELATED

[Anonymous No.54027482]

>>54027107
>No company will fail because of this.
not even my biotech fish farming startup?

[Anonymous No.54027495]

>>54023788
This.
>>54023789
No.
>Meme bank didn't hold enough customer deposits
Wow! Fractional banking. How does it work?

[SAGE No.54027500]

>>54023757
What does this have to do with crypto?
All fields frens

[Anonymous No.54027507]

/pol/ here. accelerate.

[Anonymous No.54027513]

>>54027467
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.

[Anonymous No.54027517]

>>54027467
This. It won't even be your tax dollars that pay for it. Let Bill Gates foot the bill.

[Anonymous No.54027519]

good thing i have all my money in TCGs

[Anonymous No.54027518]

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

[Anonymous No.54027520]

Who could have seen this coming??

[Anonymous No.54027525]

>>54027440
did i make you upset anon?

[Anonymous No.54027529]

>>54027513
>they are committed to beating inflation
by printing money?

[Anonymous No.54027532]

>>54023789
IT JUST DID AND STILL DOES, OK?!

[Anonymous No.54027536]

>>54024731
Godskin Noble

[Anonymous No.54027539]

>>54027518
Worm prices are going to go through the roof. Dig while you can.

[Anonymous No.54027551]

>>54027525
never

[Anonymous No.54027589]

Should I pull my savings out of the bank?

[Anonymous No.54027591]

>>54027539

[Anonymous No.54027605]

>>54027495
>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.

[Anonymous No.54027606]

>>54023757
You startup babbies are fucked

[Anonymous No.54027627]

>>54027529
the fed is not printing money at the moment

[Anonymous No.54027661]

>>54027401
You misspelled semite

[Anonymous No.54027667]

>>54027519
finally, my boxes of 2018 bullshit will be worth more than $140

[Anonymous No.54027671]

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

[Anonymous No.54027677]

>>54027388
https://youtu.be/3UDH5WwgsEI

[Anonymous No.54027693]

>>54026085
>Uber
>smart

[Anonymous No.54027694]

>>54027457
>increasingly nervous bull sweating as he stands at the precipice

[Anonymous No.54027695]

>>54027308
MBS were part of their assets. This will cascade into property obviously.

[Anonymous No.54027701]

>>54027671
ok, that's a bit concerning

[Anonymous No.54027703]

>>54027591
I should go to church

[Anonymous No.54027716]

>>54024217
Like a Dave Chappelle Sketch, clown world needs to stop soon

[Anonymous No.54027720]

>>54023857
/trash/ reporting in, holding cash
What the did the hooknoses do this time?

[Anonymous No.54027727]

>>54027449
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

[Anonymous No.54027738]

>>54027495
>Wow! Fractional banking. How does it work?

it doesnt

[Anonymous No.54027745]

>>54027529
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.

[Anonymous No.54027787]

>>54027727
>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.

>>54027720
The usual gooning is tax free for now. Don't keep your money locked up in banks for a while.

[Anonymous No.54027808]

>>54027606
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

[Anonymous No.54027810]

>>54024217
Wow. Diversity hires. How could this go wrong?

[Anonymous No.54027814]

>>54024711
>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
>mfw

[Anonymous No.54027829]

>>54023857
/mlp/ here shidding and farding like usual

[Anonymous No.54027843]

>>54027188
>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?

[Anonymous No.54027867]

>>54026769
What the fuck they are two separate people?

[Anonymous No.54027872]

>>54027843
They're bankrupt

[Anonymous No.54027873]

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

[Anonymous No.54027876]

>>54023757
Monday is going to be fun.

[Anonymous No.54027879]

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

[Anonymous No.54027881]

>>54027843
They would probably fund things like Juicero and Smalt

[Anonymous No.54027886]

>/biz/ sticky
RARE

[Anonymous No.54027887]

>>54027694
ok retard

[Anonymous No.54027891]

>tfw MOASS

[Anonymous No.54027906]

>>54027886
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

[Anonymous No.54027915]

>>54023857
/o/ reporting

[Anonymous No.54027925]

>>54027507
RULES OF NATURE

[Anonymous No.54027936]

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

[Anonymous No.54027937]

>>54026890
>tfw hell baal drops tyreal's

[Anonymous No.54027942]

>>54023857
/ck/ here! time to oil up

[Anonymous No.54027951]

>>54027677
truly comfy music to listen to while all my savings evaporate into nothingness

[Anonymous No.54027958]

>>54027879
Bank runs have begun

[Anonymous No.54027965]

>>54027936
go back to /pol/

[Anonymous No.54027981]

>>54027787
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

[Anonymous No.54027996]

>>54027369
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

[Anonymous No.54028029]

>>54023857
/vg/ /funkg/ reportan

[Anonymous No.54028033]

>>54027965
Shut the fuck up, shill.

[Anonymous No.54028038]

>>54027965
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.

[Anonymous No.54028046]

>>54023757
I had a friend who had tons of puts on this. Is he rich now or do they expire?

[Anonymous No.54028049]

>>54027965
Oooo, testy, huh? Are you some tech fag watching the modern Sodom and Gomorrah explode in an inferno?

[Anonymous No.54028060]

>>54027936
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.

[Anonymous No.54028062]

>>54023857
/o/tist reporting in

[Anonymous No.54028070]

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

[Anonymous No.54028083]

>>54027251
I've an oxygen sensor fault engline light for nearly 3 years
couldn't give a fuck
fuck emissions filters

[Anonymous No.54028086]

>>54028033
>>54028049
How do you fall for bait this shitty?

[Anonymous No.54028105]

>>54025274
Like another anon said: metals.

[Anonymous No.54028111]

>>54023857
/o/ here, lamenting that i'll never be able to buy my dream car

[Anonymous No.54028127]

>>54023757
old fart who watched the 2008 crash live over months; ama

>>54027876
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

>>54027745
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"

>>54027513
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.

>>54027500
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.

>>54027308
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.

[Anonymous No.54028134]

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

[Anonymous No.54028147]

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.

[Anonymous No.54028161]

>>54028086
How do you know it’s bait? Some anons genuinely want containment boards.

[Anonymous No.54028168]

>>54027843
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.

[Anonymous No.54028171]

you ok Ameribros?

[Anonymous No.54028175]

>>54023857
/co/ reporting, been posting twitter screenshots

[Anonymous No.54028184]

>>54023857
/fit/ reporting. I'm about to start milking women as a free alternative to whey if this shit goes down

[Anonymous No.54028191]

>>54023757
BOOMERS AND OLDFAGS

PLEASE

with your infinite wisdom to a humble zoomer:

"how do weather this storm"

>inb4 you say christ

[Anonymous No.54028196]

>>54027965
Hmm, I am beginning to notice a pattern...

[Anonymous No.54028197]

>>54028147

haha ok

[Anonymous No.54028202]

>sticky thread is 4 hours old
>only 600 replies
kek

[Anonymous No.54028203]

>>54028191
Dried black beans, rice, canned sardines, and a solar panel with an induction heater to cook on.

[Anonymous No.54028212]

>>54028196
those are some fake ass names

[Anonymous No.54028213]

>>54028191
kill yourself you had 3 years to accoomulate
t. highest iq zoomer

[Anonymous No.54028229]

>>54028191
Invest in Total Market ETFs, Precious Metal probably and bonds. Also >>54028203 BEENZ and DEENZ are a strong investment strategy.

[Anonymous No.54028230]

>>54028171
No, and neither are you. Our funny money undergirds this whole stupid system.

[Anonymous No.54028231]

>>54028196
3>1>4>2

[Anonymous No.54028239]

>>54028184
smart lad
now drop and give me 20.

[Anonymous No.54028250]

>>54028212
It was common for eastern European immigrants to change their names when they came to the US.

[Anonymous No.54028260]

>>54028203
>a solar panel with an induction heater to cook on
fuck that. get one of picrel.

[Anonymous No.54028273]

>>54028260
How are you gonna refill it, genius? Solar panel and a car battery will work for years.

[Anonymous No.54028281]

>>54028273
BOIL BROS WE GOT A CHANCE!

[Anonymous No.54028283]

>>54024007
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.

[Anonymous No.54028290]

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

[Anonymous No.54028292]

>>54028273
call up the company? Good luck running an induction cooker from a car battery and a solar panel.

[Anonymous No.54028303]

>>54024908
they will say they are taxing themselves 99% or some shit
nobody will actually see that money

[Anonymous No.54028311]

>>54028283
No Boomers are VERY VERY responsible for this as well.

[Anonymous No.54028314]

>>54023757
https://www.twitter.com/benmullin/status/1634373707727601664?s=46&t=lKHZFTG8lQ5RGYKBtNNSpA

[Anonymous No.54028317]

>>54028191
The Three B's

Bullets
Beans
Bullion

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

[Anonymous No.54028337]

>>54023857

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

[Anonymous No.54028340]

>>54028283
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.

[Anonymous No.54028343]

so what do I buy to take advantage of this

[Anonymous No.54028349]

>>54028311
Maybe the whitehats pulled this off?

[Anonymous No.54028355]

>>54023857
/pol/ reporting

[Anonymous No.54028359]

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.

[Anonymous No.54028361]

>>54028343
Chainlink

[Anonymous No.54028373]

>>54028283
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.

[Anonymous No.54028375]

>>54028314
https://youtu.be/68eNX-u2nzg

[Anonymous No.54028376]

>>54028343
puts on coinbase

[Anonymous No.54028378]

>>54028317

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

[Anonymous No.54028397]

>>54028229
>bonds
Literally why SVB got fucked. There's no point buying bonds if interest rates are due to continue increasing.

[Anonymous No.54028400]

>>54028349
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.

>>54028378
Didn't you have a guy dress up in armour and start shooting at people.

[Anonymous No.54028418]

>>54028292
>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.

[Anonymous No.54028424]

>>54027495
Has anyone ever tried to FOIA these videos?

[Anonymous No.54028430]

>>54028378
>australian

Ok, Chang.

[Anonymous No.54028432]

>>54028378
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.

[Anonymous No.54028434]

>>54028378
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…

[Anonymous No.54028454]

>>54028397
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.

[Anonymous No.54028458]

>>54023757
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?

[Anonymous No.54028461]

>>54028418
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.

[Anonymous No.54028471]

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

[Anonymous No.54028475]

>>54023757
https://www.twitter.com/elonmusk/status/1634374859043270678?s=46&t=lKHZFTG8lQ5RGYKBtNNSpA

[Anonymous No.54028476]

>>54028378
>as a australian
stop reading there

[Anonymous No.54028492]

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.

https://www.cnbc.com/2023/03/10/roku-says-26percent-cash-reserves-stuck-in-silicon-valley-bank.html

[Anonymous No.54028494]

>>54023799
very mesmerizing

[Anonymous No.54028502]

>>54028471
Because everyone on modern 2023 /biz/ is gatekeepish about their actual good knowledge and only shares fud

[Anonymous No.54028510]

>>54023857
/pol reporting

[Anonymous No.54028512]

>>54028471
It was on Smg for the past week or so, numbnuts.

[Anonymous No.54028523]

>>54028378
go fuck your dingo you faggot. Australians are always shitposters.

[Anonymous No.54028534]

>>54028492
Roku is fucked now

[Anonymous No.54028536]

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

Sounds like a whole lotta not my problem

[Anonymous No.54028537]

>>54028378
you "people" literally allowed your government to put you in internment camps over the flu

[Anonymous No.54028544]

>>54028458
Die for Israel no thanks

[Anonymous No.54028546]

>>54023799
American acrobats are really something.

[Anonymous No.54028550]

>>54028471
It was known as the most shorted stock in the world... where were you?

>>54028475
Elon won't do shit he is trolling.

>>54028492
>487 million
Sorry Roku but you are only covered for 250 thousand... no sir you will not be able to redeem.

>>54028510
We know get in we are trying to figure out how to profit off of this.

[Anonymous No.54028560]

whoops

[Anonymous No.54028562]

>>54028537
Their children were dragged kicking and screaming from their arms and they shrugged

[Anonymous No.54028572]

Nothing will happen anyway

Some tech retards got BTFO

Oh well moving on

[Anonymous No.54028578]

>>54023799
Now do you sticks understand this is the power of Americans.

[Anonymous No.54028587]

>>54028560

[Anonymous No.54028589]

>>54028454
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.

[Anonymous No.54028594]

>>54023875
No.
>>54028560

[Anonymous No.54028596]

bump

[Anonymous No.54028599]

>>54023857
/v/ reporting in

[Anonymous No.54028615]

>>54028134
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.

[Anonymous No.54028616]

>>54028589
Sounds bullish for bonds.

[Anonymous No.54028617]

>>54028378
I'm really glad you're becoming a Chinese puppet like your neighbor New Zealand.

[Anonymous No.54028632]

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

[Anonymous No.54028638]

so... What should I do now?

[Anonymous No.54028645]

>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

[Anonymous No.54028643]

>>54023857
>ALL BOARDS, REPORT IN
/k/ LEADER STANDING BY

BANK RUN LETS GOOOOOOOOOOOOOO

[Anonymous No.54028644]

>>54028202
Crypto dumped so bag holders are living ina cabin for a few days before checking their portfolios

[Anonymous No.54028647]

>>54028560
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?

[Anonymous No.54028663]

>>54023857
/a/ reporting

[Anonymous No.54028667]

>>54028550
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

[Anonymous No.54028671]

>>54024217
I'm black, and this is worrisome. Gonna need at least one white man of Anglo-Germanic descent in there to calm my fears.

[Anonymous No.54028674]

>>54026917
lol
Lmao even

[Anonymous No.54028685]

>>54028616
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.

[Anonymous No.54028687]

>>54028638
https://www.youtube.com/watch?v=O_3_-UrhZH0

[Anonymous No.54028699]

>>54028544
Checked and duck man seems to agree.

[Anonymous No.54028705]

>>54023857
/qst/ reader standing by

[Anonymous No.54028706]

>>54028671
At a minimum a Latino. The point of diversity is to have people with different backgrounds and world views not.........?

[Anonymous No.54028707]

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

[Anonymous No.54028709]

>>54028647
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.

[Anonymous No.54028722]

>>54023857
/k/ reporting in

[Anonymous No.54028726]

>>54023857
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...

[Anonymous No.54028727]

>>54028647
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?

[Anonymous No.54028730]

>>54025665
Well, well, well, I hope this centralized stablecoin doesn't make it out now.

[Anonymous No.54028734]

>>54028722
sweet garand, love mine

[Anonymous No.54028764]

>>54028727
JPM would bail them out and make those accounts whole if they did, all at cost to themselves if they did.

[Anonymous No.54028768]

>>54028739
>i would just go back to melbourne and get a better degree
not if i shoot you first upside down abbo

[Anonymous No.54028779]

>>54028667
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

[Anonymous No.54028783]

>>54028647
Ask me why, I don't know
thread theme (Verification not required.)
https://www.youtube.com/watch?v=VuZkdeU54o0

[Anonymous No.54028806]

>>54024080
alternating between these two

https://www.youtube.com/watch?v=kwxIGe1oOJQ
https://www.youtube.com/watch?v=YY3ARtg2e08

[Anonymous No.54028832]

>>54028779
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.

[Anonymous No.54028843]

>>54024080
https://www.newgrounds.com/audio/listen/150189

[Anonymous No.54028859]

>>54023857
/vt/ here

[Anonymous No.54028868]

>>54028832
You don't need to plug a mason jar into an outlet dumby.

[Anonymous No.54028878]

>>54025368
>mfw roblox
i don't think you guys understand how many people literally make a living on that shit

[Anonymous No.54028880]

>>54028832
>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

[Anonymous No.54028885]

>>54028709
>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?

[Anonymous No.54028892]

>>54028283
>blaming this mess on brainless zoomers
The eternal boomer, nothing's ever your fault eh?

[Anonymous No.54028893]

>>54028868
I have 10kW of solar. I don't care if the grid explodes.

[Anonymous No.54028896]

>>54023857
/vp/ reporting in

>Verification not required.

[Anonymous No.54028901]

wtf fiatbros i thought the military solved this?!?

[Anonymous No.54028906]

Just buy this

[Anonymous No.54028911]

>>54028885
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

[Anonymous No.54028916]

>>54023857
All over a nothingburger, buy signal

[Anonymous No.54028917]

NEXT UP JP MORGAN DONT GO TO THE BANK ON MONDAY AND WITHDRAW ALL YOUR MONEY IN CASH SIRS PLEASE DO NOT REDEEEEEEEEEEEEEEEEEM

[Anonymous No.54028919]

>>54028880
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.

[Anonymous No.54028923]

>>54023857
/gif/ here. Taking a break from cooming

[Anonymous No.54028941]

>>54028893
Until nigs steal/break your solar panels. Mason jars are forever. I just bury them like meat and vegetable treasures.

[Anonymous No.54028940]

This is what happens when you bet against GME.

[Anonymous No.54028984]

>>54024618
>impressed by FMJs
I have armor piercing. It's not regulated, just expensive.

[Anonymous No.54028985]

>>54028492
TOP KEK NO REFUNDS NO RUKU BOXY

[Anonymous No.54028996]

>>54028038
Beautiful anon

[Anonymous No.54029008]

Bong here, when will it affect me?

[Anonymous No.54029011]

jewboy is live

https://www.youtube.com/watch?v=HVfajf0A0fk

[Anonymous No.54029030]

WHERE THE FUCK AM I SUPPOSED TO KEEP MY MONEY

[Anonymous No.54029031]

>>54024282
>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.

https://www.investmentwatchblog.com/canada-canada-sells-its-goldunder-trudeau-bank-of-canada-has-only-77-ounces-of-gold/

[Anonymous No.54029038]

In before the Jews somehow win again.

[Anonymous No.54029043]

>>54028919
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.

[Anonymous No.54029046]

>>54028378
>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.

[Anonymous No.54029048]

Representing /pmg/

[Anonymous No.54029049]

>>54023857
Put me in the screen cap.

[Anonymous No.54029054]

>>54023857
/pw/ reporting

[Anonymous No.54029069]

>>54029008
did lehman brothers collapse affect the UK in 2008?
(the answer is yes britanon).

[Anonymous No.54029072]

>>54029031
>in deep with no cover
lmao the retard thinks gold reserves cover you against anything
it's the canadian economy that covers itself

[Anonymous No.54029076]

>>54028492
Oh no will my netflix and Peacock still work on my TV?

[Anonymous No.54029088]

>>54029043
thanks, any good resources on learning to can, or just in the pressure cooker and cook for a bit?

[Anonymous No.54029087]

>>54028779
You can fucking CAN chicken?! WTF WHY DIDN'T ANYONE TELL ME

[Anonymous No.54029093]

>>54024607

[Anonymous No.54029095]

[Anonymous No.54029097]

>>54029030
lumber.

[Anonymous No.54029098]

>>54024359
>biz is dead
its better this way, at least there are some quality discussions here now

[Anonymous No.54029100]

>>54023799
Look how the gut is the center of gravity, jesus

[Anonymous No.54029118]

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.

[Anonymous No.54029126]

>>54023857
/SP/ HERE
LOOKS LIKE SVB IS GETTING BLOWN THE FUCK OUT BUT WE'LL SEE HOW THEY RESPOND COMING INTO THE SECOND HALF...

[Anonymous No.54029134]

BEWARE THE IDES OF MARCH

[Anonymous No.54029138]

>>54024400
Cramer's kiss of death strikes again.

[Anonymous No.54029153]

>sticky

[Anonymous No.54029156]

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

[Anonymous No.54029160]

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

[Anonymous No.54029164]

>only 800 replies after 5 hours
biz is dead

[Anonymous No.54029171]

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.

[Anonymous No.54029198]

>>54029171
>globohomo financial system collapsing
buy ETFs guys.
kek.

[Anonymous No.54029199]

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

[Anonymous No.54029207]

>>54025741
Learn2Farm & Learn2Repair next

[Anonymous No.54029213]

>>54029156
It's an Israel thing. Scared yet?

[Anonymous No.54029231]

>>54029118
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.

[Anonymous No.54029232]

Are we doomed or not?

[Anonymous No.54029273]

>>54029207
>Learn2Repair
this one may not be so bad. i know like 5 people with broken dishwashers right now (including me)

[Anonymous No.54029281]

>>54029030
mattress

[Anonymous No.54029291]

>>54025687
kek, seething democlap

[Anonymous No.54029294]

>>54029164
Maybe don’t pin a nothingburger like a retard?

[Anonymous No.54029300]

>>54023857
/p/ here, about to take pictures of my stuff before selling it all on facebook marketplace

[Anonymous No.54029301]

>>54023857
/jp/ here, ready for shtf.

[Anonymous No.54029304]

1-9 and nothing substantial is happening

[Anonymous No.54029308]

>>54029198
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.

[Anonymous No.54029319]

>>54024618
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.)

[Anonymous No.54029326]

I'm glad things turned out this way.

[Anonymous No.54029327]

>>54029164
Because this is also being discussed in smg retard.

[Anonymous No.54029338]

>>54029088
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.

>>54029156
The US Dollar is the Global Reserve currency. EVERYONE.

[Anonymous No.54029358]

>>54029301
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.

[Anonymous No.54029362]

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

[Anonymous No.54029374]

>>54029338
thanks anon. will check it out. But going out for beers now, before the world ends kek. see ya

[Anonymous No.54029405]

>>54029072
>lmao the retard thinks gold reserves cover you against anything
>it's the canadian economy that covers itself
Bless your heart, Leaf.

[Anonymous No.54029407]

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.

[Anonymous No.54029416]

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?

[Anonymous No.54029461]

>>54029407
don't american states already export their problems like homelessness to each other?

what more than several codemonkeys

[Anonymous No.54029470]

>>54029416
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.

[Anonymous No.54029476]

>>54029362
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.

[Anonymous No.54029481]

>>54029407
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?

[Anonymous No.54029484]

>>54029407
good!

[Anonymous No.54029493]

>>54029126
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.

[Anonymous No.54029550]

>>54029481
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.

[Anonymous No.54029552]

[Anonymous No.54029581]

>>54029118
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.

[IT COULD BE WORSE No.54029609]

how low can (YOU) go?

[Anonymous No.54029618]

>>54028378
A,Erica was born in blood, cunt.

[Anonymous No.54029638]

>>54028878
>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.

[Anonymous No.54029656]

>>54029581
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.

[Anonymous No.54029661]

[Anonymous No.54029663]

>>54029550
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?

[Anonymous No.54029679]

>/biz/ sticky

[Anonymous No.54029686]

>>54024016
Dat nigga need braces on his toes

[Anonymous No.54029700]

>>54029663
No. This is just student loan baggie cope.

[Anonymous No.54029701]

Big joe = joe lubin

[IT COULD BE WORSE No.54029702]

>>54029679
btc not even 1k spx not even 2k

[Anonymous No.54029703]

Henlo frens how are yuo

[Anonymous No.54029708]

>>54029663
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.

[IT COULD BE WORSE No.54029725]

>>54029703
drunk

[Anonymous No.54029727]

HI GUYS I'M TRANS AND I'M OP BTW

[Anonymous No.54029737]

>>54029656
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.

[Anonymous No.54029745]

>>54023757
SVB NOT NEEDED

[Anonymous No.54029763]

so its the holocaust for techfags?

[Anonymous No.54029771]

>>54029737
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.

[Anonymous No.54029786]

>>54029703
Im pretty good hope you are well friend

[Anonymous No.54029812]

>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?

[Anonymous No.54029841]

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

[Anonymous No.54029856]

>>54029812
Go short on the ETF ticker SHE. Yes... its real...

[IT COULD BE WORSE No.54029862]

>>54029841
main st rekt in 2008, tech st rekt yesterday

[Anonymous No.54029873]

>>54029812
lmao

[Anonymous No.54029889]

>>54029771
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.

[Anonymous No.54029898]

It's over for USDC lmao

[Anonymous No.54029918]

>>54025368
Roblox kept their money deposited at Silicon Valley Bank
OOF

[Anonymous No.54029950]

>>54029786

[Anonymous No.54029954]

>>54029862
so a bank went insolvent? how does this affect tech specifically?

[Anonymous No.54029963]

>>54023757
Keep in mind that /biz/ is chock full of literal Down-Syndrome-tier retards. For example:

>>54008513

[Anonymous No.54029970]

>>54029812
>CIO, not CEO
still funny, possibly even more so

[Anonymous No.54029977]

>>54028492
Roku is the only company that makes a decent UI for smart TVs so this kinda sucks.

[Anonymous No.54029979]

>>54023757
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?

[Anonymous No.54029980]

kek, have fun swapping whatever you need to

[Anonymous No.54029981]

>>54029812
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.

[Anonymous No.54029992]

>>54029898
$3 billion in exposure, as of a story posted 11 minutes ago:

https://www.bnnbloomberg.ca/stablecoin-firm-circle-reveals-3-3-billion-exposure-to-silicon-valley-bank-1.1894066

[Anonymous No.54030003]

>>54026676
Signature Bank. I know multiple companies yanking all of their deposits right now. Everyone is bailing.

[Anonymous No.54030026]

>>54029812

[Anonymous No.54030027]

>>54029954
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.

[Anonymous No.54030055]

>>54029812
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

[Anonymous No.54030063]

>>54029992
Circle Circle
Dot Dot
Now you have a cooties shot

[Anonymous No.54030064]

>>54030027
i have a parental filter to block everything except 4chan, just tell me what's happening bros

[Anonymous No.54030065]

>>54025534
>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.

[Anonymous No.54030076]

AAAAHHHHH I HATE THE TOURISTS LEAVEEEEEE NOWWWWWWW

[Anonymous No.54030080]

>>54024080
>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

https://www.youtube.com/watch?v=E6frJ5IEA2Q

[Anonymous No.54030085]

>>54029979
If you have a balance smaller than $250,000 in an FDIC insured bank or credit union then you will be safe.

[Anonymous No.54030090]

>>54030064
either bad things or good things depending on how you look at it

[Anonymous No.54030129]

>>54024020
no no the normies want there money
so they will vote for whoever turns the printer on the fastest

[Anonymous No.54030161]

>>54030076
This is the best thread this shit board has ever had. Go back to your shit coin pyramid scheme thread.

[Anonymous No.54030166]

>>54024217
nogs everwgere nogs, but white men managed to do 1920x

[Anonymous No.54030172]

>>54029727
Shut up child molester, actual people are talking.

[Anonymous No.54030186]

>>54030172
This is me by the way and I'm also trans.

[Anonymous No.54030192]

I'm posting in a sticky.

[Anonymous No.54030193]

[Anonymous No.54030211]

>>54030193
Just goes to show the power of panic.

[Anonymous No.54030214]

>>54023757
WHERE ARE YOU INSURED FAGGOTS RIGHT NOW? Hahahahahahaha told you and you fucjs didnt listen

[Anonymous No.54030218]

>>54029898
$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.

[Anonymous No.54030220]

>>54030161
Fuck you, retarded /pol/ niggers are EVERYWHERE right now telling me how banking akshually works

[Anonymous No.54030244]

>>54023757
posting in epic bread, welcome to GFC2

[IT COULD BE WORSE No.54030257]

>who's there?

[Anonymous No.54030258]

https://www.cnbc.com/2023/03/10/silicon-valley-bank-customers-scramble-to-meet-payroll-pay-bills.html
>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.

[Anonymous No.54030290]

>>54030129
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.

[Anonymous No.54030296]

>>54025947
>I keeps my cash under my bed. And the rest of my wealth in gold, silver, crypto and shitty cars.
>aigmi?
Unironically, yes probably.

[Anonymous No.54030335]

>>54025424
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

[Anonymous No.54030336]

>>54026368
>where's Yellen?

[Anonymous No.54030338]

>>54023857
/n/ here, worried I wont be able to afford my dream gravel bike and will have to become a disgusting trainfag.

[Anonymous No.54030345]

>>54030193
Here's the chart of USDC from 2019 to present :/

[Anonymous No.54030359]

>>54023839
Who are these strange men? Can I get a quick rundown?

[Anonymous No.54030368]

>>5402566

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

[Anonymous No.54030375]

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

[Anonymous No.54030382]

>>54025956
>only 1000 posts
>he's this new to 4chan
YOU JUST GOT PUNKED!

[Anonymous No.54030386]

>>54030375
Turns out they were the 16th largest bank in the US.

[Anonymous No.54030395]

>>54030085
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.

[Anonymous No.54030396]

>>54026718
Based

[Anonymous No.54030407]

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

[Anonymous No.54030434]

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

[Anonymous No.54030441]

>>54023757
All I want is for Americans to suffer as much as possible, so this is good news to me.

[Anonymous No.54030446]

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

https://www.youtube.com/watch?v=gUkbdjetlY8

[Anonymous No.54030451]

>>54030085
FDIC has funds to cover roughly .5% of insured deposits. If there is ever a massive systemic issue the FDIC insurance will mean nothing

[Anonymous No.54030462]

>>54030441
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

[Anonymous No.54030465]

>>54030434
FTX ponzi collapse?
When the thieving scammer Samuel Bankman-Fried robbed billions?

[Anonymous No.54030473]

>>54030451
>if

[IT COULD BE WORSE No.54030490]

>>54030434
69k dump?

[Anonymous No.54030494]

FUCK FUCK FUCK FUUUUUUUUUUUUUUUUUUUUUUUUUCK

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

[IT COULD BE WORSE No.54030516]

>>54030494
y ur chart so dif than mine i show 98

[Anonymous No.54030526]

>>54030395
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.

[Anonymous No.54030536]

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

[Anonymous No.54030537]

>>54030516
Because it literally just flashcrashed, and your shit tool/site is behind

[Anonymous No.54030539]

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

[Anonymous No.54030553]

>>54030536
Interesting point. Think they want people undistracted with school for maximum panic?

[Anonymous No.54030558]

>>54024080
https://www.youtube.com/watch?v=6PAzqBUNlCs

[Anonymous No.54030562]

>>54023857
/pol/ reporting in, who needs some pervitin redpills?

[Anonymous No.54030571]

>>54026482
8/10 good pasta. Very tasty.

[Anonymous No.54030574]

>>54030537
Why the fuck anyone would still have own crypto after FTX boggle the mind

[Anonymous No.54030585]

>>54030258
>Biggerstaff
Best last name in history.

[Anonymous No.54030589]

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

[IT COULD BE WORSE No.54030590]

>>54030537
gimme timeframe and zoom out

[Anonymous No.54030594]

>>54024643
wait till the year 3000 profit?

[Anonymous No.54030613]

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.54030622]

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

[Anonymous 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

[Anonymous No.54030646]

YESSSSSSSSSSSSSSSSSSSSSSSS, LET IT ALL CRASH AND BURRRRRRRRRRRNNNNNNNNNNNNNNNNNNNNNNN

[Anonymous No.54030649]

>>54023857
/pw/ reporting in

[Anonymous No.54030650]

>>54030613
LET THE BODIES HIT THE FLOOR
LET THE BODIES HIT THE FLOOR
AAAAAAAAAAAAAAAAAAAA

[Anonymous No.54030687]

>>54030553
Opposite, people are traveling and drinking rn. No eyes on the news. They want those accounts full for the bail in

[Anonymous No.54030703]

>>54030622
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.
https://www.reuters.com/business/finance/credit-suisse-delays-publication-annual-report-following-sec-call-2023-03-09/

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

[Anonymous No.54030704]

>>54030687
priced out, bailed in

[Anonymous No.54030712]

>>54030622
Modern Economic policy is unsustainable in the long term anyways, it was always going to be something.

[Anonymous No.54030713]

>>54030613
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.54030716]

>>54030622
69% chance

[Anonymous No.54030717]

HOW TO SHORT USDC 100X LEVERAGED?????

[Anonymous No.54030740]

>>54030539
He nuked it after posting his last tweet
>>54026528

[Anonymous No.54030753]

>>54030740
Again? Fuck sake.

[Anonymous No.54030766]

>>54030703
>>54030712
i'm ready
two dollars and forty cents or so in the bank bois 'ere we go

[Anonymous No.54030768]

>>54025490
>/k
nah go suck a dick

[Anonymous No.54030769]

>>54030622
the next economic collapse will make 08 look like a joke

[Anonymous No.54030778]

>>54023799
At last, janny is in shape.

[Anonymous No.54030788]

>>54030589
Where do I bet on shit like this?

[Anonymous No.54030811]

>>54030766

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

The bear lives, death to all you clowns lol

[Anonymous No.54030816]

>>54030462
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.

[Anonymous No.54030822]

>>54026528
>qrd on Enron
Fuck I’m old

[Anonymous No.54030823]

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

[Anonymous No.54030841]

>>54027088
>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.

https://www.bloomberg.com/news/articles/2021-10-20/venezuelans-break-off-flakes-of-gold-to-pay-for-meals-haircuts

[Anonymous No.54030846]

>>54026085
BITCONNEEEEEEEEEEEEEE

[Anonymous 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?

[Anonymous No.54030858]

>>54030816
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.

[Anonymous No.54030872]

>>54024063
the music changed key

[Anonymous No.54030883]

>>54030848
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.

[Anonymous No.54030899]

>>54030589
THEY CAN'T BE BAILED OUT

[Anonymous No.54030913]

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...

[Anonymous No.54030936]

>>54030848
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

[Anonymous No.54030938]

>>54030913
how is chainlink doing?

[Anonymous No.54030953]

>>54030938
heck if i know

[Anonymous No.54031000]

>>54030494
>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

[Anonymous No.54031001]

>>54030913
How heavy are those bags

[Anonymous No.54031009]

>>54030938
>down 10 fucking percent
Dumps when everything else pumps
Dumps harder when everything else dumps

[Anonymous No.54031015]

>>54030936
LOL

[Pawtismo No.54031043]

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.

[Anonymous No.54031059]

>>54030913

[Anonymous No.54031070]

Buy Peng lol

[Anonymous No.54031095]

>>54031001
hard to tell when you're floating in an ocean of liquidity, bitch

[Anonymous No.54031109]

>>54030649
OP Wrestling Faggotry

[Anonymous No.54031119]

>>54023857
/mjg/ reporting in

[Anonymous No.54031137]

How could this possibly be worse than Corona?

[Anonymous No.54031155]

LOL

[Anonymous No.54031172]

>>54031137
Flu’s didn collapse banking and expose their dogshit balancesheets to everyone.

[Anonymous No.54031179]

>>54031137
Because it's the first domino piece of several that will inevitably break the whole system

[Anonymous No.54031182]

>>54023857
It's been years since I saw one of this

[Anonymous No.54031193]

>>54027703
>I should go to church
We all should. Jesus Christ is all we really have.

I hate the antichrist btw if that matters.

[Anonymous No.54031199]

>>54031137
It doesn't help that all this is happening after Corona, rather than before it.

[Anonymous No.54031221]

[Anonymous No.54031235]

>>54031015
I too see the humour in people unironically trying to bank run their Top 5 chequing accounts over the SVB situation

[Anonymous No.54031260]

>>54031155
Haven't seen that one in a while

[Anonymous No.54031262]

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

[Anonymous No.54031272]

FUCK USDC

BUDDY LOOK AT THE TETHER COMPUTER

AND LOOK AT THE DAI COMPUTER

[Anonymous 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?

[Anonymous No.54031341]

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

[Anonymous No.54031355]

told you

[Anonymous No.54031362]

>>54031341
>months
hahahahahahaha

[Anonymous No.54031366]

>>54031235
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

[Anonymous No.54031374]

SOME1 POST THE UGLY QUEER WHORE ROASTIE RISK MANAGMENT FAGGOT WHORE WHO LOOKS LIKE AN ABSOLUTE WASTE OF AIR

[Anonymous No.54031380]

They were testing the bail-in weren’t they

[Anonymous No.54031390]

>>54031355
Checked, whatever happens, don't lose your way

[Anonymous No.54031408]

>>54031380
I'm not a betting man, but...

[Anonymous No.54031440]

>>54031362
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

[Anonymous No.54031445]

Bump. Fuck jannies.

[Anonymous No.54031458]

>>54029703
HENLO

[Anonymous No.54031472]

>>54030841
Venezuela has already dollarized its economy. They're fine - thanks to the U.S.

[Anonymous No.54031501]

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.

[Anonymous No.54031519]

>>54031445
based retard

[Anonymous No.54031528]

>>54031472
>Venezuela has already dollarized its economy.
Proofs?

[Anonymous No.54031558]

>>54023757
TOTAL JEWISH MONEY CHANGER ANNIHILATION

[Anonymous No.54031561]

>>54031380
>They were testing the bail-in weren’t they
Yes.

[Anonymous No.54031599]

I was going to kill myself, but now I'm going to wait so I can watch everyone suffer.

[Anonymous No.54031620]

>>54030562
>/pol/ reporting in, who needs some pervitin redpills?
UR BERVATIN ID FUR EMERDENGIES ONLY BRIVADE! :DDD

[Anonymous No.54031632]

>>54031599
your picture should be le crabby face

[Anonymous No.54031653]

Well I'm broke as hell anyways, so none of this matters to me.

Maybe a few puts on Roku and the Blox

[Anonymous No.54031712]

>only 1000 replies
Biz is dead

[Anonymous No.54031735]

>>54031281
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

[Anonymous No.54031861]

>>54031712
anon... you were too soon...

[Anonymous No.54031872]

>>54024016
Shoo shoo stinky goblin

[Anonymous No.54031885]

>>54023857
nobody's mentioned /trv/ yet.
gonna take all gains to a nice vacation when everyone has negative dollars?

[Anonymous No.54031928]

>>54031735
>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.

[Anonymous No.54031960]

>>54023799
This fat nigga bending spacetime

[Anonymous No.54031965]

>>54028878
>>54029918
It was 5% of their cash

[Anonymous No.54031990]

>>54031928
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.

[Anonymous No.54032017]

>>54023757
NO!

IT SHOULD HAVE BEEN ME! NOT HIM!!!

[Anonymous No.54032024]

>>54031928
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

[Anonymous No.54032034]

>>54031928
>Buy bonds during ZIRP
>ZIRP ends
>FFR and thus T rate goes up
>Low interest corporate paper worthless on open market

[Anonymous No.54032038]

>>54030359
>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.

[Anonymous No.54032050]

it has begun

[Anonymous 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

[Anonymous No.54032067]

>>54031990
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.

[Anonymous No.54032080]

>>54032050

[Anonymous No.54032096]

>>54032067
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

[Anonymous No.54032098]

>>54032067
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

[Anonymous No.54032104]

>>54031928
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.

[Anonymous No.54032132]

>>54023857
/VIP/fag reporting in

[Anonymous No.54032138]

>>54024866
>>54027829
based mlpchads

[Anonymous No.54032141]

>>54032067
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.

[Anonymous No.54032142]

>>54031928
Through skill issue. This was pretty basic stuff. An anon from biz would manage better
https://www.investopedia.com/terms/i/interestraterisk.asp

[Anonymous No.54032153]

>>54032104
>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.

[Anonymous No.54032169]

is it happening?

[Anonymous No.54032194]

>>54031928
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.

[Anonymous No.54032198]

>>54032153
I think it was more like 40 cents on the dollar. They lost a shit ton of money

[Anonymous No.54032204]

>>54032153
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.

[Anonymous No.54032210]

>>54032138
one of you /biz/fags better sell framed copies of this and the other ones at mare fair, we'll eat that shit up

[Anonymous No.54032216]

>>54031262
>>54031272

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.

[Anonymous No.54032218]

>>54032169
yes the thread only has 1000 replies, biz is officially dead

[Anonymous No.54032240]

Since this fucking with stable coins I guess my ETH and XMR are going to be worthless soon

[Anonymous No.54032285]

i'm stupid, will this affect other countries?

[Anonymous No.54032305]

>>54032240
Im selling all my ETH at 1500 this weekend

[Anonymous No.54032321]

>>54023757
>>54023857
/v/edditor and /biz/lurker here
postin inna sticky icky

[Anonymous No.54032323]

>>54032285
Only positively because the fed might be forced to pivot soon

[Anonymous No.54032331]

>>54032285
yes

[Anonymous No.54032339]

>>54032198
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?

[Anonymous No.54032376]

>>54023857
/lit/ reading the situation

[Anonymous No.54032377]

>>54024134
I hate monkeys so much, look at its cheeky lil cunt face.

[Anonymous No.54032389]

>>54024217

[Anonymous No.54032392]

2008 ALL OVER AGAIN

[Anonymous No.54032396]

>>54032323
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.

[Anonymous No.54032416]

>>54032339
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

[Anonymous No.54032426]

>>54032339
The yield on the bonds they had to sell was less than inflation.

[Anonymous No.54032430]

>>54024359
the topic isnt le epic crypto

[Anonymous No.54032448]

>>54032416
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.

[Anonymous No.54032467]

>>54032426
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.

[Anonymous No.54032473]

>>54032339
>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?

[Anonymous No.54032474]

Please someone advice me, is it safe to hold WBTC on ethereum network and BTCB on BSC network?

[Anonymous No.54032483]

>>54032448
Basically yeah. They got gouged because they needed it asap

[Anonymous No.54032516]

>>54032473
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.

[Anonymous No.54032523]

>>54032339
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.

[Anonymous No.54032527]

>>54024577
>Tony Stewart baked beans
based

[Anonymous No.54032536]

>>54032483
oh fuck you weren't replying to me. my bad anon

[Anonymous No.54032537]

>>54024126

>"The biggest wealth transfer in history."

[Anonymous No.54032550]

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

[Anonymous No.54032570]

>>54032516
>Would I pay 80 cents to get $1.05 in a few years? Easily.
Why?
You could use that 80 cents to buy 1.10 bonds directly from the government

[Anonymous No.54032577]

>>54032516
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

[Anonymous No.54032587]

Buy GME, save yourselves.

[Anonymous No.54032617]

>>54032570
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.

[Anonymous No.54032634]

>>54032516
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.

[Anonymous No.54032652]

>>54032617
Except the interest rates differential is huge. 1.6% vs 4% currently

[Anonymous No.54032668]

>>54026891
10x worse

[Anonymous No.54032705]

>>54024643
God damn /ck/ be leaking all over the place

[Anonymous No.54032724]

>>54024908
Also, they make damn sure they're not liable for much. So they pay wealth tax on fuck all

[Anonymous No.54032733]

>>54032652
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

[Anonymous No.54032815]

>>54024600
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.

[Anonymous No.54032819]

>>54032733
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.

[Anonymous No.54032871]

Anyone who comes here from /a/ should be instantly banned

[Anonymous 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

[Anonymous No.54032907]

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

[Money Stuff No.54032915]

>>54032907
2/10
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.

[Anonymous No.54032918]

can i finally buy property in SF

[Money Stuff No.54032933]

>>54032915
3/10
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.

[Anonymous No.54032941]

didnt read

[Money Stuff No.54032946]

>>54032933
4/10
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.

[Anonymous No.54032957]

>>54032918
ewww why would you want to?

[Money Stuff No.54032965]

>>54032946
5/10
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”.

[Anonymous No.54032978]

>>54032946
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

[Anonymous No.54032983]

https://www.bankrate.com/banking/list-of-failed-banks/

[Money Stuff No.54032991]

>>54032965
6/10
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.

[Anonymous No.54033003]

>>54032957
at the rate it's going probably not worth it
but hey maybe this could be the housing crash everyone was waiting for

[Anonymous No.54033011]

>>54032978
so don't read it nigga, that's how you got where you are today.

[Anonymous No.54033046]

>>54032991
7/10
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]

[Anonymous No.54033056]

>>54033046
8/10
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.

[Anonymous No.54033089]

Basado

[Anonymous No.54033091]

>>54033056
9/10
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.

[Anonymous No.54033108]

>>54033091
10/10
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