Started By
Message

re: POTUS tells US to have confidence in banks after 2 collapse

Posted on 3/13/23 at 11:49 am to
Posted by Big Scrub TX
Member since Dec 2013
38521 posts
Posted on 3/13/23 at 11:49 am to
quote:

uying US treasuries?
Well, yes, given their asset/liability mismatch.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466852 posts
Posted on 3/13/23 at 11:49 am to
quote:

Stop being obtuse and read up on SVB and Signature, particularly the exposure they both had to startups and crypto.

Signature's issue was cryptos

SVB's issue was literally US Treasuries. Explain to me how those are "risky"

Were mistakes made? Obviously, but risk wasn't the culprit. SVB was fine with deposits and assets. They just had a bank run. No bank can survive a bank run
Posted by EZE Tiger Fan
Member since Jul 2004
55427 posts
Posted on 3/13/23 at 11:49 am to
This, of course, after the retarded pedophile blamed Trump for this happening.

Posted by OweO
Plaquemine, La
Member since Sep 2009
120267 posts
Posted on 3/13/23 at 11:49 am to
If it was someone in office you liked you would be all "he knows what he is doing, etc, etc". They all say the same bullshite. What the frick you want him to say "We are fricked god damn it! Everybody take all their money out of everything and operate on nothing but cash for awhile!", but I am sure the politics board is discussing this so why post this shite here?
Posted by Big Scrub TX
Member since Dec 2013
38521 posts
Posted on 3/13/23 at 11:50 am to
quote:

I am confident that the taxpayers are on hook where the asset liquidation falls short.
All the deposits are more than collateralized by treasuries. You'll be waiting quite awhile for your doom porn.
Posted by AUCE05
Member since Dec 2009
44962 posts
Posted on 3/13/23 at 11:50 am to
No dumbass. SVB was fine. They sold off some assets to cover expenses. It's the investors making a run that started this. VC is not our problem nor should be cover it.
Posted by dewster
Chicago
Member since Aug 2006
26432 posts
Posted on 3/13/23 at 11:51 am to
quote:

buying US treasuries?



If it was just that, this is just a series of unlucky but understandable decisions amid the record pace of rate hikes....and that means far more banks will fail.

But that's not not what put SVB into a particularly precarious situation.
Posted by whiskey over ice
Member since Sep 2020
3689 posts
Posted on 3/13/23 at 11:51 am to
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
148409 posts
Posted on 3/13/23 at 11:53 am to
Stock market is up Baw


Joe's Merica
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
466852 posts
Posted on 3/13/23 at 11:54 am to
quote:

f it was just that, this is just a series of unlucky but understandable decisions amid the record pace of rate hikes....and that means far more banks will fail.

SVB didn't fail because of its balance sheet

They had a bank run. No bank on Earth could survive that.

This is a psychological crisis, not a financial one.
Posted by dewster
Chicago
Member since Aug 2006
26432 posts
Posted on 3/13/23 at 11:54 am to
quote:

Stock market is up Baw



The good thing to come out of this is that there's pressure to slow down rate hikes from the fed.
Posted by 21JumpStreet
Member since Jul 2012
14852 posts
Posted on 3/13/23 at 11:55 am to
Bitcoin da goat
Posted by dewster
Chicago
Member since Aug 2006
26432 posts
Posted on 3/13/23 at 11:55 am to
quote:

This, of course, after the retarded pedophile blamed Trump for this happening.



If you really want to get very specific, I'd say that Peter Thiel sounding the alarm really accelerated the run at SVB.
Posted by CrappyPants
Member since Apr 2021
1039 posts
Posted on 3/13/23 at 11:57 am to
Joe Biden couldn't find the difference between a light bulb and an orange. Do they really think putting this fool on TV telling everyone its going to be ok is going to do anything? frick HIM and frick THE GOVERNMENT
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
148409 posts
Posted on 3/13/23 at 11:57 am to
quote:

Bitcoin da goat
crypto Inez been humming at a steady 12-15% all weekend
Posted by Fearless Liter
Member since Mar 2023
37 posts
Posted on 3/13/23 at 11:59 am to
quote:

What was he supposed to say? We are all fricked, everybody should withdraw everything now?


It's more a matter of how he usually says the opposite of whatever is happening, so we may truly be fricked.
Posted by Warfox
B.R. Native (now in MA)
Member since Apr 2017
3765 posts
Posted on 3/13/23 at 12:02 pm to
quote:

SVB didn't fail because of its balance sheet They had a bank run. No bank on Earth could survive that. This is a psychological crisis, not a financial one.


If we reigned in our OOC fiat monetary system then yes, any bank could survive it.

Posted by frequent flyer
USA
Member since Jul 2021
3383 posts
Posted on 3/13/23 at 12:02 pm to
quote:

If you really want to get very specific, I'd say that Peter Thiel sounding the alarm really accelerated the run at SVB.



And he was reacting to the bank's sketchy position with questionable loan practices, over-exposure to silicon valley startups, and rapid growth several years ago before rates went crazy.
Posted by Scruffy
Kansas City
Member since Jul 2011
76602 posts
Posted on 3/13/23 at 12:02 pm to
quote:

Stock market is up Baw
The stock market is currently down.

Or, at least, even.
This post was edited on 3/13/23 at 12:06 pm
Posted by OweO
Plaquemine, La
Member since Sep 2009
120267 posts
Posted on 3/13/23 at 12:02 pm to
quote:

This, of course, after the retarded pedophile blamed Trump for this happening.


You know what's funny, I was on IG yesterday and was reading comments under a post about Jeffery Epstein and there were people claiming republicans are the ones that made it easy for rich people to get away with being pedophiles. And there were people agreeing and adding on to the talking point.. And it was just obvious they all watched or listened to the same bullshite.

Same goes for people like you with this bullshite. Propaganda within our own government is an enemy to the citizens of this country.
first pageprev pagePage 2 of 4Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram