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Started By
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Silicon Valley Bank Collapse
Posted on 3/10/23 at 1:02 pm
Posted on 3/10/23 at 1:02 pm
11
Posted on 3/10/23 at 1:06 pm to TIGERHOLD
I dodged a bullet on this one. Was just about to open an account for a new company with them.
I’m just hoping my PE backing wasn’t overexposed and has to back out now.
I’m just hoping my PE backing wasn’t overexposed and has to back out now.
This post was edited on 3/10/23 at 1:07 pm
Posted on 3/10/23 at 1:10 pm to billjamin
perhaps it will be taken over by the first national bank of kiev.
Posted on 3/10/23 at 1:11 pm to billjamin
quote:
I’m just hoping my PE backing wasn’t overexposed and has to back out now.
That is the one question I would have: how exposed are PE firms Venture Capital, etc., other sponsors who parked money there?
Posted on 3/10/23 at 1:19 pm to TIGERHOLD
seems the general belief is there won’t be contagion from this bank collapse or the collapse of Silvergate, but I do wonder if this influences the Federal Reserve at all and has them consider pausing the rate hikes
Posted on 3/10/23 at 1:29 pm to billjamin
Only 13% of the funds with them are FDIC insured. Looks like some people are going to lose a lot of money.
Posted on 3/10/23 at 1:45 pm to TIGERHOLD
quote:Maybe, but probably not.
Looks like the first of many to come
quote:Failing banks is a thing in a real free market economy. Even if it weren't, you are linking this to a POTUS? Dumb. Low information.
Biden's doing a great job on the economy.
quote:I'm well aware of the board's proclivity to actually pull for bad things to happen, but you will likely be disappointed. There won't be much "contagion" here. Condolences.
I wonder which bank will be the next to fail.
Posted on 3/10/23 at 1:46 pm to Ross
quote:I predict that people that have been desperately hoping for the pivot and now want to read this as FINALLY THE PIVOT IS HERE are going to continue to be sorely disappointed.
but I do wonder if this influences the Federal Reserve at all and has them consider pausing the rate hikes
Posted on 3/10/23 at 1:48 pm to Ross
quote:
but I do wonder if this influences the Federal Reserve at all and has them consider pausing the rate hikes
Not a chance.
Posted on 3/10/23 at 1:54 pm to Big Scrub TX
quote:
FINALLY THE PIVOT IS HERE are going to continue to be sorely disappointed.
I agree. SVB collapsing is not big enough for the FR to react. Need something bigger and more market fear for them to change the current trajectory of money tightening espeically with counter data like low unemployment.
Posted on 3/10/23 at 1:56 pm to GumboPot
quote:It's like, let's be clear: SVB collapsed due to severely inept management. Powell has been doing exactly what he's been saying for several years now. And yet these idiots bought 3 year treasuries in size - presumably betting on a pivot? What dummies.
SVB collapsing is not big enough for the FR to react
Posted on 3/10/23 at 1:56 pm to GhostOfFreedom
quote:
Only 13% of the funds with them are FDIC insured. Looks like some people are going to lose a lot of money.
War Room's Steve Cortes said only 2.3% of the total deposits were FDIC insured.
Posted on 3/10/23 at 2:00 pm to Big Scrub TX
quote:
It's like, let's be clear: SVB collapsed due to severely inept management. Powell has been doing exactly what he's been saying for several years now. And yet these idiots bought 3 year treasuries in size - presumably betting on a pivot? What dummies.
Exactly.
Posted on 3/10/23 at 2:07 pm to Mo Jeaux
When do we start taking bets on who's going to buy them? I bet they move quick on this one.
Posted on 3/10/23 at 2:24 pm to GhostOfFreedom
quote:
Only 13% of the funds with them are FDIC insured. Looks like some people are going to lose a lot of money.
It makes me wonder how many of these Silicon Valley folks have been living on the backs of venture capitalism. I guess we will soon see...
Posted on 3/10/23 at 2:24 pm to Ross
quote:
, but I do wonder if this influences the Federal Reserve at all and has them consider pausing the rate hikes
I sure as hell hope not. The Fed needs to be more aggressive. Rates can always be dialed back, but these just the tip rate increases are simply exacerbating the problem. Getting inflation under control has to be the focused mission of the Fed. Collateral damage be damned.
Posted on 3/10/23 at 2:26 pm to TIGERHOLD
This is a really bad sign!
Posted on 3/10/23 at 2:37 pm to billjamin
quote:I'll put $5 on J.P. Morgan.
When do we start taking bets on who's going to buy them?
Posted on 3/10/23 at 2:39 pm to Taxing Authority
quote:
I'll put $5 on J.P. Morgan.
Thats my bet as well. They love this kind of shite.
I gotta get back in bed with them for some tax equity anyway, so might as well bank with them too.
Posted on 3/10/23 at 2:39 pm to Big Scrub TX
quote:Too bad there aren't any government regulation for banks.
It's like, let's be clear: SVB collapsed due to severely inept management. Powell has been doing exactly what he's been saying for several years now. And yet these idiots bought 3 year treasuries in size
Government (with $31T in debt) should make treasuries a higher risk class, amiright?. This post was edited on 3/10/23 at 2:40 pm
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