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The bank run happened so fast they closed up same day.
The bank run happened so fast they closed up same day.
By RebelGator
10 Mar 2023 6:40 pm in No Holds Barred Political Forum
10 Mar 2023 6:40 pm
Silicone Valley Bank fails.....
The first domino has toppled in the Biden Administration's economic policy of creating inflation and then raising interest rates to smother the economy.
The first domino has toppled in the Biden Administration's economic policy of creating inflation and then raising interest rates to smother the economy.
10 Mar 2023 6:58 pm
The story I read said the are supposed to be open for business on Monday, under regulation.RebelGator » 10 Mar 2023, 7:40 pm » wrote: ↑ Silicone Valley Bank fails.....
The first domino has toppled in the Biden Administration's economic policy of creating inflation and then raising interest rates to smother the economy.
It's not to reassuring since they left themselves an out like that.
Lots of big money from the tech industry and such going through that bank from what I understand.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
10 Mar 2023 7:12 pm
RebelGator » 10 Mar 2023, 7:40 pm » wrote: ↑ Silicone Valley Bank fails.....
The first domino has toppled in the Biden Administration's economic policy of creating inflation and then raising interest rates to smother the economy.
Failure is what the left does best.
10 Mar 2023 7:21 pm
As a rather humorous sidenote... CNBC's Jim Cramer had Silicon Valley Bank as one of his "hot picks" for 2023 back on February 8th.
Anyone that listens to that clown is a bigger idiot than he is.
https://www.newsbusters.org/blogs/busin ... ggest-bank
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
10 Mar 2023 7:29 pm
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Bob
How is your day going?
Are you thinking of taking some time off? Consider investing your GREENIES with us.
We are the new Savings department for this website.
Fully block chain compliant, your GREENIES are safe with SOCK SAVINGS AND LOAN
Look for us in the Water Cooler!
viewtopic.php?f=5&t=73904
SOCK SAVINGS AND LOAN
p.s. have you seen our balance sheet... mighty strong...
Bob
10 Mar 2023 7:31 pm
RedheadedStranger » 10 Mar 2023, 8:21 pm » wrote: ↑ As a rather humorous sidenote... CNBC's Jim Cramer had Silicon Valley Bank as one of his "hot picks" for 2023 back on February 8th.
Anyone that listens to that clown is a bigger idiot than he is.
https://www.newsbusters.org/blogs/busin ... ggest-bank
Years ago I used to follow Cramer...never bought any stocks he recommended. As the years went by I realized that he is in fact a clown.
10 Mar 2023 9:48 pm
Yeah, that boy is a hot mess.RedheadedStranger » 10 Mar 2023, 8:21 pm » wrote: ↑ As a rather humorous sidenote... CNBC's Jim Cramer had Silicon Valley Bank as one of his "hot picks" for 2023 back on February 8th.
Anyone that listens to that clown is a bigger idiot than he is.
https://www.newsbusters.org/blogs/busin ... ggest-bank
When you complain, ur friends roll their eyes and ur enemies rejoice
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
10 Mar 2023 9:51 pm
I see that, Bob. I will admit I was ckeptical of your business model at first. But looking at your balance sheet in the short time you've been here, I have to say, you have come a long way fast. Obviously, you have inspired confidence. I just hope that you aren't running a ponzi scheme - or that if you are, you will cut me in. I'm a good friend to those who need them.SOCKSAVINGS » 10 Mar 2023, 8:29 pm » wrote: ↑ Hello friends,
How is your day going?
Are you thinking of taking some time off? Consider investing your GREENIES with us.
We are the new Savings department for this website.
Fully block chain compliant, your GREENIES are safe with SOCK SAVINGS AND LOAN
Look for us in the Water Cooler!
viewtopic.php?f=5&t=73904
SOCK SAVINGS AND LOAN
p.s. have you seen our balance sheet... mighty strong...
Bob
When you complain, ur friends roll their eyes and ur enemies rejoice
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
"Because I SAY I am" is a todler's tantrum, not "science"
You cannot betray me - only yourself, to me.
Who cuts off your dick is not a friend
An opinion you won't defend is not your own
Humanity's Law of the Jungle: Survival NOT of the fittest, but of the tribe
When peeing in the pool, stand on the edge
If gender is not sex, why should a gender claim change what sex you shower with?
11 Mar 2023 12:18 am
Trumprules » 11 Mar 2023, 12:38 am » wrote: ↑ I remember when my republican friends used to swear by him. Lol
You don't have any friends.
11 Mar 2023 3:27 am
Hello Macho Man,Cannonpointer » 10 Mar 2023, 10:51 pm » wrote: ↑ I see that, Bob. I will admit I was ckeptical of your business model at first. But looking at your balance sheet in the short time you've been here, I have to say, you have come a long way fast. Obviously, you have inspired confidence. I just hope that you aren't running a ponzi scheme - or that if you are, you will cut me in. I'm a good friend to those who need them.
We are here to serve the Community with GREAT services at competitive rates.
If we can be of service, reach out.
Bob
11 Mar 2023 5:25 am
The right fails to do anything. Their policy is do nothing,
How does SVB failing get pinpointed on Biden? How are you so sure conservatives aren't involved?
I heard 250K of an account is insured. One customer asked on the news when will she see the other 9.75 Million.
11 Mar 2023 5:30 am
PastorBlast » 11 Mar 2023, 6:25 am » wrote: ↑ The right fails to do anything. Their policy is do nothing,
How does SVB failing get pinpointed on Biden? How are you so sure conservatives aren't involved?
I heard 250K of an account is insured. One customer asked on the news when will she see the other 9.75 Million.
Useless post. Try it from an adult perspective.
11 Mar 2023 5:44 am
Does Lincoln Nebraska support your habit of disengagement?
Like I said.. conservatives do nothing and your response proves it.
How are you so sure that there aren't conservatives involved in SVB failing?
11 Mar 2023 5:48 am
PastorBlast » 11 Mar 2023, 6:44 am » wrote: ↑ Does Lincoln Nebraska support your habit of disengagement?
Like I said.. conservatives do nothing and your response proves it.
How are you so sure that there aren't conservatives involved in SVB failing?
True conservatives serve the country...the left serves only themselves.
11 Mar 2023 5:49 am
It is interesting the story did not make a Google News headline.. I had to search for it.
Are all the banks going to fail?
https://www.nytimes.com/2023/03/10/busi ... ainer.html
Silicon Valley Bank Collapse: What We Know
Are all the banks going to fail?
https://www.nytimes.com/2023/03/10/busi ... ainer.html
Silicon Valley Bank Collapse: What We Know
11 Mar 2023 5:58 am
Clue the Pastor into that.....he seems lost.Z09 » 11 Mar 2023, 6:49 am » wrote: ↑ Did your republican friends warn you that printing more and more $$$ might lead to inflation?
I guess that happens when you can just pass a collection plate around.
11 Mar 2023 10:28 am
11 Mar 2023 10:46 am
Unfortunately, SVB’s situation is not unique.Thanks to rapidly rising interest rates, many other banks are also sitting on mountains of Treasury bills that have lost a lot of value…Trumprules » 11 Mar 2023, 12:37 am » wrote: ↑ Actually thats the fed dip **** private banks run the fed idiot.
For an extensive break down of why this is causing so much distress for our banks right now, I would highly recommend reading this excellent article.As I have been telling my readers, our system simply cannot handle higher rates at this point.But the “experts” at the Fed assured all of us that they knew exactly what they were doing.Now they have caused one of the biggest bank failures in U.S. history, and much worse is on the way if they do not reverse course.But I don’t expect the “experts” at the Fed to listen to any of us.They are just going to keep doing what they are doing, and we are all going to have to live with the consequences.Banks are big investors in assets like Treasury bills because they need lots of safe places to park their cash. Many financial institutions piled into these investments during a period of historically-low interest rates that spanned the early years of the pandemic, as banks took in tons of new deposits and lending was somewhat restrained.But now the Fed is hiking rates at a rapid clip, with Fed Chair Jay Powell warning earlier this week the central bank may have to speed up the pace of its rate increases to cool the economy further. The problem that creates for banks is simple: higher rates lower the value of their existing bonds.
http://theeconomiccollapseblog.com/2nd- ... than-2008/
11 Mar 2023 12:10 pm
So? all the peeps with money in the bank -Go to withdraw their money? Do they get CASH? I get questioned like a criminal If I try to DEPOSIT a few grand? or withdraw?
I worked IN a bank.. the real money isnt THERE? anyone?
I worked IN a bank.. the real money isnt THERE? anyone?
11 Mar 2023 12:28 pm
It couldn't happen to a more deserving state!RebelGator » 10 Mar 2023, 7:40 pm » wrote: ↑ Silicone Valley Bank fails.....
The first domino has toppled in the Biden Administration's economic policy of creating inflation and then raising interest rates to smother the economy.
And I'm guessing it's only the first domino to fall.
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