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Posted on 3/14/23 at 9:34 am to KAGTASTIC
quote:Basically, yes. But even if it did, that WOULD NOT flow to the equity holders of the bank - i.e. the board and other officers that got them in this mess in the first place. The equity of the bank is WORTH LITERALLY ZERO. And probably the non-deposit debt as well.
Are you saying that absolutely not a single penny, directly or indirectly, will come from non-SVB related people to make depositors whole?
Posted on 3/14/23 at 9:36 am to NC_Tigah
quote:That has nothing to do with any "bailout". If it's found out that this person effectively conducted insider trading, he will be prosecuted. But, again, that has LITERALLY nothing to do with the events of the past several days.
For a little perspective, even IF any shares this group holds lose all value, the largest individual stakeholder in the group will be out $2.8M. Meanwhile, the CEO cashed out of ~33,000 shares or 90% of his holdings since Jan.
To restate: all outstanding, held shares by any board members are officers are literally worth zero today.
Posted on 3/14/23 at 9:36 am to jnethe1
quote:You think it isn't?
You think that’s the end of the story?
quote:This isn't a bailout for starters.
I’m basing my speculation off of past similar circumstances where banks were bailed out by the American taxpayer. What are you bitching about?
Posted on 3/14/23 at 9:37 am to KiwiHead
quote:
Why? It's easier for them to understand than what really happened. Bad bets on Treasuries and how that factored into all of this.
what
Posted on 3/14/23 at 10:03 am to Big Scrub TX
quote:
Big Scrub TX
You have way more patience than I do to try and explain this to people.
Posted on 3/14/23 at 10:25 am to Strannix
quote:Nope.
It's a huge bailout dumb frick
Posted on 3/14/23 at 10:27 am to NC_Tigah
quote:Shares != bank assets. Those are the banks equity (ownership).
So...?
Posted on 3/14/23 at 10:29 am to cajunangelle
quote:Still don’t know why this matters. Are you trying to say only people that make deposits in ideologically pure banks should have their deposits guaranteed?
SVB board obsessed with diversity, $5BN for healthier planet, month-long Pride celebration
You sure you want government picking who get to access to their money in the bank this way?
Posted on 3/14/23 at 11:05 am to Big Scrub TX
quote:To restate, the CEO saw to it that outstanding SVIB shares aren't such a big deal for him.
To restate: all outstanding, held shares by any board members are officers are literally worth zero today.
To restate, SVB employees were given large bonuses hours before SVB got shuttered.
To clarify further, you have no clue as to what the valuation on SVIB or its shares will be.
Regarding the bailout, if SVB's IPO portfolio holds up, it may not cost taxpayers a thing. If not, it will turn into a taxpayer funded bailout. Signature is a different animal. That will certainly constitute a bailout. Taxpayer assessment will come indirectly from Fed Rate adjustments, and via pass thru bank costs.
This post was edited on 3/14/23 at 11:12 am
Posted on 3/14/23 at 11:07 am to NC_Tigah
Look at the mother frickers spending so much effort justifying this shite in the middle of a week day.
Get your asses back to work so my government check doesn't bounce.
Get your asses back to work so my government check doesn't bounce.
Posted on 3/14/23 at 11:09 am to NC_Tigah
quote:This is VERY common practice in bankruptcies. Makes no sense to have to rehire an entire staff for wind down
To restate, SVB employees were given large bonuses hours before SVB got shuttered.
Posted on 3/14/23 at 11:11 am to Taxing Authority
Look at all this shite here and in other threads. You have to have an ulterior motive.
I hope you aren't supposed to be working. You are ripping off your employer.
I hope you aren't supposed to be working. You are ripping off your employer.
Posted on 3/14/23 at 11:14 am to Taxing Authority
quote:Annual bonuses paid on the day of Feds shuttering a bank are a common practice?
This is VERY common practice in bankruptcies.
Posted on 3/14/23 at 11:16 am to rhar61
quote:I believe he may be the employer.
Look at all this shite here and in other threads.... You are ripping off your employer.
Posted on 3/14/23 at 1:17 pm to Big Scrub TX
quote:
You think it isn't?
Nope
quote:
This isn't a bailout for starters.
quote:
"This was not a bailout," billionaire hedge-fund mogul Bill Ackman tweeted Sunday, after spending the weekend forecasting economic calamity if the government did not step in. Yet according to experts who specialize in government bank bailouts, the actions of the federal government this weekend to shore up Silicon Valley Bank's depositors are nothing if not a bailout. "If your definition is government intervention to prevent private losses, then this is certainly a bailout," said Neil Barofsky, who oversaw the Troubled Asset Relief Program, the far-reaching bailout that saved the banking industry during the 2008 financial crisis. Under the plan announced by federal regulators, $175 billion in deposits will be backstopped by the federal government.
Officials are doing this by waiving a federal deposit insurance cap of $250,000 and reaching deeper into the insurance fund that is paid for by banks.
At the same time, federal officials are attempting to auction off some $200 billion in assets Silicon Valley Bank holds. Any deposit support that does not come from the insurance fund, or asset auctions, will rely on special assessments on banks, or essentially a tax that mostly larger banks will bear the brunt of, according to officials with the Federal Deposit Insurance Corp.
Whoops.
Posted on 3/14/23 at 1:51 pm to Big Scrub TX
quote:
Literally, the equity and debt of the bank are going to zero. Any shares that the board has will be worth zero.
Please, some of you at least try to figure out WHAT THE frick YOU ARE TALKING ABOUT BEFORE YOU OPEN YOUR MOUTHS.
People believe they should be bailed out.
Which would be by the taxpayer.
You pretty much come on here and say bullshite all the time.
Posted on 3/14/23 at 3:25 pm to NC_Tigah
quote:Has nothing to do with any "bailout".
To restate, the CEO saw to it that outstanding SVIB shares aren't such a big deal for him.
quote:Has nothing to do with any "bailout".
To restate, SVB employees were given large bonuses hours before SVB got shuttered.
quote:I certainly do. And I will happily wager on such - in any size - if you would like.
To clarify further, you have no clue as to what the valuation on SVIB or its shares will be.
quote:Nah. They have enough treasuries on hand that - if held to maturity - will more than cover ALL deposits. All that's happened here is swapping same value short-term treasuries for those.
Regarding the bailout, if SVB's IPO portfolio holds up, it may not cost taxpayers a thing. If not, it will turn into a taxpayer funded bailout
quote:Yes, I haven't commented on Signature.
Signature is a different animal. That will certainly constitute a bailout. Taxpayer assessment will come indirectly from Fed Rate adjustments, and via pass thru bank costs.
Posted on 3/14/23 at 3:34 pm to rhar61
quote:I do have a motive l.I want smaller banks to be competitive with the TBTF banks. And i don’t want good banks to get shut down because idiots cause a run of small banks. I know terrible.
Look at all this shite here and in other threads. You have to have an ulterior motive.
quote:Well I own my own company so…. it’s really none of your business.
I hope you aren't supposed to be working. You are ripping off your employer.
This post was edited on 3/14/23 at 3:40 pm
Posted on 3/14/23 at 3:37 pm to NC_Tigah
quote:Well bank shutdowns aren’t common, so don’t know. But paying out bonuses for bankruptcies is an pretty standard. I’d think they’re treated similarly.
Annual bonuses paid on the day of Feds shuttering a bank are a common practice?
It’s not like they are paying bonuses from deposit assets. It comes from the operational side of the finances.
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