Bruco

[quote]Derek is GOAT [/quote] Feels like the wind is coming out of the east. Lol ...

Bumping. This show is great. God I wish Derek was my neighbor ...

You’re welcome! ...

They’ve been In trouble for a long time ...

Btw that pic is from the regions building Ft. Lauderdale, where they have no executives. Hell, I don’t even think they lease that floor, there are a dozen other tenants in that building ...

[quote]What do you mean?[/quote] Those numbers aren’t higher than I’d expect. A little meaningless without salary though And compensation has nothing to do with what happened ...

[quote]What killed SVB was a bank run, not an asset crisis.[/quote] This is such a critical distinction but one that can be hard to get across to folks ...

[quote]I wouldn't mind nearly as much if the investors in SVB were conservative Christians from the South.[/quote] Their investors are being wiped out ...

[quote]I read that employees are getting 45 days pay at 1.5 salary. Basically 3 months pay. That's extremely generous imo.[/quote] To work, it’s not a severance. Sure some groups, like a lot of sales functions won’t have much to do, but other areas will be exceptionally busy. Lots to do here ...

[quote]I have no idea where Regions exists outside of AL, LA, MS and FL. They are probably in other states too. It's a pretty big bank. Top 20-30 in the country I think.[/quote] Depends on if you are talking about consumer or corporate banking. TX, NC, SC, MO, IN, KY, IL, among other states ...

[quote]what happens to the mortgages that a bank owns if they fold like SVB?[/quote] They will be sold and serviced by someone else ...

The feds have asked all the banks to report a number of things by Monday am. It’s been an interesting weekend. And yeah could also be a cleaning crew And their deposit base couldn’t be more different than SVB I spent Friday on an SVB counterparty risk scrub. My employer effectively has...

[quote]Hearing that JPM might be the buyer by Sunday. [/quote] Someone is going to get a fantastic deal on their loan book, which is actually pretty good and solid. They didn’t go out and plow these deposits into risky loans....

[quote]At least $42B was successfully withdrawn yesterday. That alone negates your claim of "basically disappeared". On top of that, the securities/treasuries portfolio that caused the run in the first place is still largely intact. They paid like $27B for treasuries that were marked down to $25B ...

[quote]f they were that heavy in bonds, such that rates could burn them like that, I'd still say that's risky. [/quote] Fair, but you can typically just hold them through their duration and not have to take a loss. They needed the liquidity, so they sold and took a loss. Not great but the res...

[quote]I've never, ever been a fan of a bank making risky investment plays. [/quote] 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. ...

Are any states too lacking in white people? Or is it only “bad” if there are too many white folk? Yes, I know the answer ...

[quote]I was obsessed with the coverage. The cnn panel used to crack me up because it was Don Lemon trying to mediate Richard Quest, some bitch that used to be an FAA director, an author and like 4 curmudgeonly ex pilots just arguing the whole time.[/quote] That’s by far the most I’ve ever watche...

[quote]The one honest person on the OT. Only 18% of Americans make over 100K, but 99.9% of the OT. Never change OT. Never change.[/quote] This is a college sports message board. So you likely have a disproportionately high level of folks with a bachelor’s degree. Then add in the fact that you...

Headed to Florida in the family truckster as a kid for spring break. Pull off In Chattanooga at a cheap road side motel as we were having all sorts of transmission trouble. Cop sees us and our Wisconsin plates and pulls in to let us know the area is a little rough and to not leave our suitcases in ...