- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Should I care about this Silicon Valley Bank thing?
Posted on 3/10/23 at 4:29 pm
Posted on 3/10/23 at 4:29 pm
If so, tell me why.
So some rich progressives lost some money. Yawn.
So some rich progressives lost some money. Yawn.
10
Posted on 3/10/23 at 4:31 pm to Slippy
You’re gonna bail them out baw
And Ukraine
And israel
And Ukraine
And israel
Posted on 3/10/23 at 4:33 pm to Slippy
you may not care, but your 401k surely will.
Posted on 3/10/23 at 4:33 pm to Slippy
quote:
So some rich progressives lost some money. Yawn.
You seem dismissive but you did start the thread.
Posted on 3/10/23 at 4:37 pm to Slippy
It’s going to be felt across the economy
Posted on 3/10/23 at 4:38 pm to Slippy
No.
Some idiot liberal bankers ruined their own shitty banks.
Some idiot liberal bankers ruined their own shitty banks.
Posted on 3/10/23 at 4:39 pm to Slippy
Just think. If Trump was president and he put Biden and Faucci in jail, they wouldnt stealing from us and washing it through Ukraine and this run on the bank wouldn't be happening
This post was edited on 3/10/23 at 4:39 pm
Posted on 3/10/23 at 4:40 pm to Slippy
It kinda rocked the stock market a good bit and impacted payroll providers, and thus people’s payroll.
Seems like a big deal.
Posted on 3/10/23 at 4:41 pm to WestCoastAg
quote:We will never know.
Just think. If Trump was president and he put Biden and Faucci in jail, they wouldnt stealing from us and washing it through Ukraine and this run on the bank wouldn't be happening
Instead we got the guy OweO wanted.
Posted on 3/10/23 at 4:47 pm to Rhino5
quote:
No.
Some idiot liberal bankers ruined their own shitty banks.
I am no insider or economist, but I imagine this will be the first domino to fall of many
Posted on 3/10/23 at 4:56 pm to Slippy
Hell.. I’m cheering it. I pulled out of some ETFs back in February and was looking for another entry point.
After yesterday and today… that entry point was today.
After yesterday and today… that entry point was today.
Posted on 3/10/23 at 5:01 pm to Slippy
It could be a problem if it sparks fear and a run on banks who hold bonds they purchased at low interest rates that are now basically worthless.
If people try to withdraw large amounts, banks have to sell those bonds at a loss to cover the withdrawal leading to bank failure.
However unless you have an account with more than 250k I wouldn’t worry because FDIC will insure it. It may cause stocks to tank for awhile
If people try to withdraw large amounts, banks have to sell those bonds at a loss to cover the withdrawal leading to bank failure.
However unless you have an account with more than 250k I wouldn’t worry because FDIC will insure it. It may cause stocks to tank for awhile
Posted on 3/10/23 at 5:03 pm to hubertcumberdale
SVB was almost entirely based around venture capital and tech start ups. They got themselves into a trap by not recognizing the effect of rising rates on their "safe" assets, Tbills. The impact of social media and some large voices within the venture capitalist community caused a run on deposits at the bank when SVB announced plans to fix their interest rate issue and raise capital.
Tldr they had very little portfolio diversity, with their business almost entirely focused on a very risky industry in VCs and tech startups.
Tldr they had very little portfolio diversity, with their business almost entirely focused on a very risky industry in VCs and tech startups.
Posted on 3/10/23 at 5:07 pm to WestCoastAg
quote:
Just think. If Trump was president and he put Biden and Faucci in jail, they wouldnt stealing from us and washing it through Ukraine and this run on the bank wouldn't be happening
And blow jobs. Just think of all the blow jobs we'd be getting.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News