Bank collapses March 2023

[GYMnTONIC]

Are you guys watching the two banks collapse and the impact?

It will affect all of us.

My gf is a VP of a bank and she told me that how this bank "bail out" will work in lamens terms is that the FDIC will utilize all other banks to finance the collapse and insuring of funds for these two and any other collapse.

This means all other banks will foot the losses. This means we the customers will eventually pay for all of this.

Another wonderful Biden accomplishment. Worst administration ever designed....doing just what it was designed to do actually.

Bank of America: Brace For Impact (NYSE:BAC)

Bank of America suffered a steep drop last week, caught in the crossfire from the SIVB collapse. See why I still have a buy rating on BAC stock.

seekingalpha.com

 

[PositiveVibes]

Yes and I think there will be more to follow. The bank of England collapsed yesterday it was announced. Now Bank of America this morning.
Biden has to go, his incompetence is a fast track to destruction!

 

[heckler7]

shouldnt be a problem, theyll just print more money

 

[GYMnTONIC]

Oh wow, Insider Trading? Him and Nancy Pelosi must be friends!

Silicon Valley Bank collapse: CEO cashed out millions while employees got bonuses

Silicon Valley Bank CEO Greg Becker cashed out stock options in the weeks leading up to Friday's collapse, netting him a $2.27 million profit, public filings reveal.

www.washingtonexaminer.com

 

[tommygunz]

Are you guys watching the two banks collapse and the impact?

It will affect all of us.

My gf is a VP of a bank and she told me that how this bank "bail out" will work in lamens terms is that the FDIC will utilize all other banks to finance the collapse and insuring of funds for these two and any other collapse.

This means all other banks will foot the losses. This means we the customers will eventually pay for all of this.

Another wonderful Biden accomplishment. Worst administration ever designed....doing just what it was designed to do actually.

Bank of America: Brace For Impact (NYSE:BAC)

Bank of America suffered a steep drop last week, caught in the crossfire from the SIVB collapse. See why I still have a buy rating on BAC stock.

seekingalpha.com

Ugghh.
I Know I’m going to regret this but….

Please explain how a banks shitty operation is Biden’s fault.

 

[GYMnTONIC]

Ugghh.
I Know I’m going to regret this but….

Please explain how a banks shitty operation is Biden’s fault.

Never regret the truth sir.

"It has nothing to do with high interest rates / fed rate hikes necessitated by record inflation caused by his out of control spending."

(that's sarcasm by the way)

 

[Learningtopump]

Ugghh.
I Know I’m going to regret this but….

Please explain how a banks shitty operation is Biden’s fault.

I think they are saying that Biden should have imposed MORE restrictions like Dod Frank, to counter the lifting of restrictions that Trump did. THE ONLY way to stop this is for there to be tight restrictions on what the banks are permitted to do. But that goes counter to the smaller government less restrictions wing of the right. Its a conundrum that the right can only express as Biden did it, like some default code written in a poorly written program.

 

[GYMnTONIC]

I think they are saying that Biden should have imposed MORE restrictions like Dod Frank, to counter the lifting of restrictions that Trump did. THE ONLY way to stop this is for there to be tight restrictions on what the banks are permitted to do. But that goes counter to the smaller government less restrictions wing of the right. Its a conundrum that the right can only express as Biden did it, like some default code written in a poorly written program.

Again to repeat myself...

"It has nothing to do with high interest rates / fed rate hikes necessitated by record inflation caused by his (Biden's)out of control spending."

I thought inflation was "transitory". Cmon man. In Joe Bidens voice. Janet Yellen and that black lesbian even told us it was only transitory. You mean they lied?

 

[Learningtopump]

Again to repeat myself...

"It has nothing to do with high interest rates / fed rate hikes necessitated by record inflation caused by his (Biden's)out of control spending."

I thought inflation was "transitory". Cmon man. In Joe Bidens voice. Janet Yellen and that black lesbian even told us it was only transitory. You mean they lied?

Regardless of that, the bank was not limited in what they did and taking a 1.8 billion dollar hit in these times will cause a run like happened. I'm not a wiz at this shit but if they would have been required to maintain a required balance sheet, even with the 1.8 loss there wouldn't have been everyone pulling out. The only reason for the balance sheet requirement is to allay fears, and if those fears are not calmed, they have to funds to satisfy those who want to pull out. Because they didn't keep enough liquidity, they ran out of cash and that spurred a whole nother round of pullouts. Once that train is started there's not stopping it. Are you in agreement that banks, especially this bank should have been more regulated?

 

[PositiveVibes]

You can lead a horse to water, but you can't force him to drink. How anyone can still back Biden is unbelievable. If you don't see it by now, you never will. Economy is the easiest way to see the difference the last 2 yrs have made. Shutting down our oil pipeline day 1 was the dumbest move Biden could have made. Gas doubled in weeks. That's just 1 example of many, many incompetent decisions this clown Biden has made.

People didnt like Trump for personal reasons, not because of his policies, they never gave him a chance from day 1. They didn't like Trump so they wanted him to fail. That's like hoping the pilot crashes the plane your riding on because you don't like him......

 

[GYMnTONIC]

Regardless of that, the bank was not limited in what they did and taking a 1.8 billion dollar hit in these times will cause a run like happened. I'm not a wiz at this shit but if they would have been required to maintain a required balance sheet, even with the 1.8 loss there wouldn't have been everyone pulling out. The only reason for the balance sheet requirement is to allay fears, and if those fears are not calmed, they have to funds to satisfy those who want to pull out. Because they didn't keep enough liquidity, they ran out of cash and that spurred a whole nother round of pullouts. Once that train is started there's not stopping it. Are you in agreement that banks, especially this bank should have been more regulated?

Regulated by who the govt?
I am against bail outs (like they did under Obama) and any bail outs now. I am against Govt involvement in private business if that is what you are asking.

Now you did mention Republicans, or the "right" which is R's. You may be interested to know that I am a registered Independent. I have never voted as an R, nor a D.

Did you see Biden said they will not bail out Investors?

Just like the previous scam, the crypto scam FTX and SBF. It was factually PROVEN that money was used that was given to Ukraine to purchase this and then funding was sent to elect mostly Democrats but also some Republicans in the 2022 elections. Aka it was intentional money laundering scheme with politicians involved.

I have ZERO doubt that this is going to have all the "earmarks of Democrat collusion" once this gets further investigated. Maybe 50 high ranking "intel" officers can write and sign a letter saying its not true in advance again?

 

[E.J.D]

I received this in my email I get called Market Briefs from the Minority Mindset YouTube channel

The situation explained in under 200 words:

Silicon Valley Bank (SVB) was a bank that mainly served venture capital firms like tech and medical startups.

Here's what happened: Regulators shut down SVB on Friday and seized its deposits - becoming the largest U.S. banking failure since the 2008 financial crisis and the second-largest ever (Washington Mutual was #1).

How did it happen? In 2021, SVB received a large number of deposits due an economic boom. It bought a lot of government treasury bonds at a low interest rate. (Government bonds are exposed to interest rate risk).

A worsening economic environment led to lower investment into venture capitals (VCs) so many VCs pulled deposits out of SVB. Plus, higher interest rates lowered the value of their treasury and other securities.

Since SVB had low liquidity, it was forced to take the losses on older bonds.

As losses began to pile up, it led to a historic number of deposits being withdrawn.
California regulators pulled the plug on Friday.


No Bailouts?
Over the weekend, regulators debated about what to do regarding the SVB situation.

While many experts called for a government bailout, Treasury Secretary Janet Yellen said that there would be no federal bailouts for SVB.

However, Yellen instructed the Federal Deposit Insurance Corporation (FDIC) to guarantee Silicon Valley Bank customers will have access to all of their money starting Monday.
In a way, depositors are being bailed out, but regulators are saying they are not going to fund the deposit reimbursements from tax dollars.

So, where's the money coming from? Essentially, to cover the losses, the FDIC will issue a special assessment "fee" on banks.

Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.


It's Not Just SVB
Sunday night update: Yesterday, regulators closed New York's Signature Bank due to systemic risk.

"All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer," the regulators said.

 

[IronRage]

You can lead a horse to water, but you can't force him to drink. How anyone can still back Biden is unbelievable. If you don't see it by now, you never will. Economy is the easiest way to see the difference the last 2 yrs have made. Shutting down our oil pipeline day 1 was the dumbest move Biden could have made. Gas doubled in weeks. That's just 1 example of many, many incompetent decisions this clown Biden has made.

People didnt like Trump for personal reasons, not because of his policies, they never gave him a chance from day 1. They didn't like Trump so they wanted him to fail. That's like hoping the pilot crashes the plane your riding on because you don't like him......

Thread after thread after thread the same few morons show up and prove to everyone how clueless they are. They will never get it

 

[Jaxz]

Brother you can't teach dematards anything but how to write paragraphs .

I think there was a 3rd bank too.

Joe knows how to deal with it him and obama bail out a bunch of them . Do they could give out executive bonus last time lol .

Please explain how it's not going to cost the tax payers ?

 

[E.J.D]

I haven't watched this yet but how Jaspreet breaks things down are very easy to understand.

 

[stinkfingerdelux]

Stinks been waiting for these times. Who plans to get rich on the way down. Tapatalk Cloud - Downlaoad File RDT_20230313_090040.mp4

Sent from my SM-S908U1 using Tapatalk

 

[tommygunz]

I think they are saying that Biden should have imposed MORE restrictions like Dod Frank, to counter the lifting of restrictions that Trump did. THE ONLY way to stop this is for there to be tight restrictions on what the banks are permitted to do.

EXACTLY!!

 

[Jaxz]

EXACTLY!!

Wrong , if the dumb ass hadn't fucked up the oil and gave out extra free money there wouldn't be so much inflation this wouldn't have happened .
Deregulation and tax cuts makes more jobs which in turn brings in more tax dollars lol

 

[tommygunz]

I haven't watched this yet but how Jaspreet breaks things down are very easy to understand.

That’s a very good video and explanation.

Unfortunately it doesn’t fit the ASF narrative.

 

[tommygunz]

Wrong , if the dumb ass hadn't fucked up the oil and gave out extra free money there wouldn't be so much inflation this wouldn't have happened .
Deregulation and tax cuts makes more jobs which in turn brings in more tax dollars lol

You didn’t watch the video did you?

That’s what Reagan did.
How did that work out?

 

[Pathadden]

Good thing about being broke is I probably won't notice.... Lol. Just kidding this sounds very scary

 

[PositiveVibes]

Chinese currency outpaced U.S. currency in February for the first time in history. Russia and China made the biggest trade deal yesterday. Mexico is negotiating with China to join forces and use Chinese currency.

We were told Trump would get us into WW3 but seems Biden has made that more of a reality than Trump ever would.

I don't care what party you are for R or D, we all better prepare for some tough times ahead.

 

[GYMnTONIC]

https://twitter.com/i/web/status/1635292487198859265

 

[Jaxz]

They smell the weakness just like blood in water for sharks

 

[JJB1]

Biden sucks rhinoceros dicks!

 

[GYMnTONIC]

These are the dumbest fucks in the world.

They are all democrats. They are all running the Biden "administration", they have destroyed this economy and some people are defending them? 🤣🤡🤡🤡🤡🤡🤡

'I Think I Was Wrong' and 'Didn't Fully Understand' Inflation: Treasury Secretary Janet Yellen

Treasury Secretary Janel Yellen admitted in an interview with CNN that her past views on how inflation in the United States would progress were faulty.

www.theepochtimes.com

 

[Rot-Iron66]

‘I Think I Was Wrong’ and ‘Didn’t Fully Understand’ Inflation: Treasury Secretary Janet Yellen'​

WTF?

 

[Jaxz]

It's all trump's fault that the dematards and in office damn somebody take his phone lol !!

 

[Jaxz]

What know the difference ? Look at florida and then look at california lol. Just that simple

 

[Necron_99]

We wouldn't even be having this conversation if Biden wasn't spending and giving away money like drunken sailor in a Singapore whorehouse. But no, Bidenflation had nothing to do with it, right? The Fed raised rates unnecessarily, right? It definitely wasn't because of this administration's spending habits. That would be crazy.

And don't get me started on the fractional reserve banking system.