- 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
0
Posted on 3/10/23 at 12:04 pm to dewster
quote:
If the taxpayers bail this bank out, I am going to be supremely pissed.
They should just temporarily move to Ukraine where they'll magically recover in a matter of days.
Posted on 3/10/23 at 12:04 pm to deltaland
quote:
My wife cashed in a CD from a local bank recently for 100k and got cash no problem
How much of a notice did she give the bank?
You aren't walking out of most banks with 100k on the spot
This post was edited on 3/10/23 at 12:10 pm
Posted on 3/10/23 at 12:04 pm to Mo Jeaux
quote:
We currently have minimal exposure to cryptocurrency
Minimal... They just banked the two largest crypto venture funds that exist and the second largest stablecoin operator.
Technicality they did not have direct exposure since they did not hold the coins themselves I guess
This post was edited on 3/10/23 at 12:07 pm
Posted on 3/10/23 at 12:07 pm to Honkus
Holy crap, they already appointed a receiver. JHC that is fast. Meanwhile in insider related news, Berkshire Hathaway is sitting on the most cash they've ever had. Nothing more to see there, just a coincidence.
Posted on 3/10/23 at 12:09 pm to member12
Sounds like poor leadership at the top.
Posted on 3/10/23 at 12:09 pm to Tomatocantender
quote:
Berkshire Hathaway is sitting on the most cash they've ever had. Nothing more to see there, just a coincidence.
Zero chance Warren is interested in the trash heap
Posted on 3/10/23 at 12:09 pm to UltimaParadox
quote:
Minimal... They just banked the two largest crypto venture funds that exist and the second largest stablecoin operator.
quote:
Technicality they did not have direct exposure since they did not hold the coins themselves I guess
Right. Being the bank of a crypto fund or other venture does not equate to having exposure to crypto on their balance sheet. Now, what it does do is reduce their deposits, which is what people were worried about. Their recent sale of MBSs at a loss is a signal that they've lost deposits.
Posted on 3/10/23 at 12:10 pm to Mo Jeaux
It will beg the question how much does Circle have stuck at SBV now. Zero chance that USDC is backed 1:1. Which no one truly believed anyways.
Posted on 3/10/23 at 12:11 pm to Tomatocantender
The free market is a myth.
Posted on 3/10/23 at 12:20 pm to member12
Privatized profits and socialized losses. The USA way. But instead of bailing them out, let them implode.
Posted on 3/10/23 at 12:33 pm to Rebel
quote:It failed.
Too big to fail.
Posted on 3/10/23 at 12:46 pm to member12
quote:
Bill Ackman, the billionaire hedge fund manager, called on the US government to step in and bail out Silicon Valley Bank.
Just like Obama bailed out the Auto Industry Biden will do the same for Silicon Valley. BOOK IT. To many democrat big wigs in Silicon valley for Biden not to write that Big Check to at the tax payers expense. This is the clown world that the democrats have built and the idiots will vote and cheat to keep it that way
Posted on 3/10/23 at 12:48 pm to member12
The VC world kind of needs a good flush.
Posted on 3/10/23 at 1:09 pm to SouthMSReb
quote:
And trading is halted meaning SEC is letting big players get all their chips lined up to hedge losses.
Everything called the SEC is run by crooks.
Posted on 3/10/23 at 1:12 pm to BlueRunner
quote:
But instead of bailing them out, let them implode.
People are going to have to get more comfortable with risk.
Posted on 3/10/23 at 1:29 pm to member12
Bank failures since 2009
Year Total number of bank failures: 512
2023 1
2022 0
2021 0
2020 4
2019 4
2018 0
2017 8
2016 5
2015 8
2014 18
2013 24
2012 51
2011 92
2010 157
2009 140
Year Total number of bank failures: 512
2023 1
2022 0
2021 0
2020 4
2019 4
2018 0
2017 8
2016 5
2015 8
2014 18
2013 24
2012 51
2011 92
2010 157
2009 140
Posted on 3/10/23 at 2:06 pm to Boston911
Well, First NBC is now off the clock for biggest bank failure since 08/09.
Posted on 3/10/23 at 2:26 pm to LSUFanHouston
quote:
I've never, ever been a fan of a bank making risky investment plays.
Except, they didn’t really.
Got burned by rates and by their heavy VC deposit base, which are burning cash right now and an easily spooked market.
This post was edited on 3/10/23 at 2:29 pm
Posted on 3/10/23 at 2:28 pm to Bruco
quote:
Except, they didn’t really.
Got burned by rates and by their heavy VC deposit base, which are burning cash right now.
If they were that heavy in bonds, such that rates could burn them like that, I'd still say that's risky.
If it's a cash burn issue... this is not new(ish) and you would think there would have been someone watching this before now.
Page 3 of 4
Popular
Back to top
Follow TigerDroppings for LSU Football News