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re: Silicon Valley Bank is now under receivership

Posted on 3/12/23 at 11:55 am to
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
19212 posts
Posted on 3/12/23 at 11:55 am to
This better not screw up my Roku!
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51570 posts
Posted on 3/12/23 at 11:59 am to
No bail out makes sense. This is pretty localized. Most customers will be made whole
Posted by catfish 62
Atlanta
Member since Mar 2010
5623 posts
Posted on 3/12/23 at 12:18 pm to
Posted by Shepherd88
Member since Dec 2013
4891 posts
Posted on 3/12/23 at 12:18 pm to
My prediction:

In a strange twist of events HERBL Cannibis buys out SIVB bank to provide new banking solutions for cannibis companies in the US.
Posted by catfish 62
Atlanta
Member since Mar 2010
5623 posts
Posted on 3/12/23 at 5:29 pm to
Looks like Signature was next
Posted by FLObserver
Jacksonville
Member since Nov 2005
15850 posts
Posted on 3/12/23 at 5:39 pm to
quote:

I went gambling at the end of the day with SBNY. I bought a few shares could be a loss but what the hell i would probably have spent the money on something stupid anyway.


My gamble looks like a crash and burn
Posted by UltimaParadox
North Carolina
Member since Nov 2008
51570 posts
Posted on 3/12/23 at 5:41 pm to
quote:

SI, SBNY, SVB were all doomed to fail once the SEC started cracking down on cryptoassests.

SBNY the only one still standing from just two weeks ago


Called it
Posted by catfish 62
Atlanta
Member since Mar 2010
5623 posts
Posted on 3/12/23 at 6:20 pm to
Guess SVB didn’t find a buyer since the gov is gonna foot the bill now (and eventually tax payers)
Posted by Civildawg
Member since May 2012
10259 posts
Posted on 3/12/23 at 7:06 pm to
Where’s my bailout for my voyager stock? This is a terrible move. Frick our government man
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