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Started By
Message
First Republic Bank about to go under; government takeover imminent
Posted on 4/25/23 at 3:02 pm
Posted on 4/25/23 at 3:02 pm
quote:
BREAKING: Investment bankers working with First Republic expect the government to take it over.
No one wants to buy it.
Stock down 90%.
Market cap only $1.5 billion.
It’s a high risk small cap now.
LINK
4
Posted on 4/25/23 at 3:54 pm to euphemus
What proportion of their loan book is commercial real estate?
Posted on 4/25/23 at 4:48 pm to euphemus
We are fricked. It’s going to be a domino effect.
Posted on 4/25/23 at 5:22 pm to BigPerm30
Will be interesting to see how the Fed reacts to this in regards to interest rate moves now..
Posted on 4/25/23 at 5:24 pm to Shepherd88
As a banker, the Fed can suck if. Yes all these banks did some dumb shite, but what the fed is doing is crippling the good guys doing the right thing out in the markets. Credit will completely freeze in the next 6 months as banks are simply loaned out.
Posted on 4/25/23 at 6:16 pm to BigPerm30
quote:
We are fricked. It’s going to be a domino effect.
FRC is fricked, primarily, because 40% of their deposits basically left in a week.
There isn’t a bank around that could withstand that withdrawal pressure.
Without a bank run, banks will be fine.
Posted on 4/25/23 at 7:03 pm to slackster
odds are they'll fail it friday afternoon and have a buyer lined up when they re-open monday.
Posted on 4/25/23 at 8:04 pm to biscuitsngravy
How can they fail after quarterly call
Seems like going concern should have come up
Seems like going concern should have come up
Posted on 4/25/23 at 11:34 pm to euphemus
quote:
No one wants to buy it.
....yet
Posted on 4/26/23 at 5:48 am to ShootingsBricks4Life
How can they fail after quarterly call Seems like going concern should have come up
Because it is a going concern, today. Once the media takes this today and douses kerosene on the fire they’re done. It will be just like SVB and there will be a run on the bank in the next two days. Between the media and social media, this will turn into a shitshow today and tomorrow.
Because it is a going concern, today. Once the media takes this today and douses kerosene on the fire they’re done. It will be just like SVB and there will be a run on the bank in the next two days. Between the media and social media, this will turn into a shitshow today and tomorrow.
Posted on 4/26/23 at 6:32 am to Im4datigers
Which bank is gonna fail next so we can short it baw?
Posted on 4/26/23 at 7:37 am to euphemus
At this point, is it a bank run or a stock run?
Posted on 4/26/23 at 12:55 pm to JLivermore
quote:
this point, is it a bank run or a stock run?
A lot of smoke of FDIC having to step in but nothing I would trust
That could start a run. I think FDIC and bank aren't good at saying run isn't happening
While anyone on Twitter can report its happening
Posted on 4/26/23 at 1:51 pm to thelawnwranglers
What happens if I bought puts expiring May 12 and government seizes before then?
Posted on 4/26/23 at 7:11 pm to Crescent Connection
quote:
What happens if I bought puts expiring May 12 and government seizes before then?
If Robinhood is your brokerage, that could be an iffy situation.
Robinhood traders cry foul over SVB short bets, broker responds
quote:
By Gerelyn Terzo on Friday 17 March 2023
Online broker Robinhood has found itself in the middle of the Silicon Valley Bank debacle. The app was under fire from users who say their short bets on the beleaguered Silicon Valley Bank and Signature Bank weren't being honoured. But according to reports, Robinhood is finally doing right by traders.
Savvy traders had purchased put options on SVB and Signature Bank before the banks collapsed. These put options are bets that the stock price will fall, giving traders the opportunity to sell shares above the market price and pocket the difference. However, when the market panic set in, and the stock prices sank, users say that they were blocked from exercising their put options on the banks, preventing them from earning the profits they were entitled to.
Posted on 4/26/23 at 7:51 pm to Crescent Connection
quote:
What happens if I bought puts expiring May 12 and government seizes before then?
Only down $2 today
The worst of this downturn is behind us lol
This is fine
Posted on 4/26/23 at 10:37 pm to thelawnwranglers
Trump can fix this $hit. We need a businessman to run this country.
Posted on 4/27/23 at 6:57 am to Jag_Warrior
How does Robinhood have any customers left?
GET OFF ROBINHOOD!
GET OFF ROBINHOOD!
Posted on 4/27/23 at 10:58 am to KCRoyalBlue
quote:
Trump can fix this $hit. We need a businessman to run this country.
Gtfo with that logic.
What we need is a career politician who has no real world experience and has used his position of influence to enrich his friend and family such as having a crackhead son get paid for their “art” by undisclosed buyers… lol
Posted on 4/27/23 at 12:45 pm to jnethe1
I just doubled down on my long position
I know it is stupid but couldn't stop myself
I know it is stupid but couldn't stop myself
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