Silicon Valley Bank is Dead

Discussion in 'The Mainboard' started by Menelaus, Mar 10, 2023.

  1. timo

    timo g'day, mate
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  2. GoodForAnother

    GoodForAnother I’d rather be down the allotment
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  3. CaneKnight

    CaneKnight FSU Private Board's Fav Poster
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    When the fuck is robinhood getting shut down?

     
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  4. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    This happened with the AMC/Gamestop shit a couple years ago.
     
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  5. GoodForAnother

    GoodForAnother I’d rather be down the allotment
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    FDIC doesn’t plan to recover from private excess deposit bonds at Signature and SVB, a rare dub for the persecuted insurance industry
     
  6. Volholic16

    Volholic16 Well-Known Member
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    First Republic Bank is looking at options including a sale, per Bloomberg. Their rating was downgraded today by Fitch and S&P due to funding and liquidity issues.
     
  7. ~ taylor ~

    ~ taylor ~ Well-Known Member
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    A buddy pulled a bunch of his companies' account out of there earlier in the week.
     
  8. user15000

    user15000 Well-Known Member

  9. Hoss Bonaventure

    Hoss Bonaventure I can’t pee with clothes touching my butt
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  10. user15000

    user15000 Well-Known Member

  11. BP

    BP Bout to Regulate.
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    But I thought capitalism was supposed to cut throat and ruthless.


     
  12. NothingIsOT

    NothingIsOT Prom pic
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    Whatever gains from Tuesday to Thursday have been retraced to whatever it was Monday at close right now. Hope no one is a bag holder on this one.
     
  13. Bricktop the white

    Bricktop the white Well-Known Member

    i'm still up on KRE, bought long calls.

    Lost 500 bucks gambling on FRC though.
     
    NothingIsOT likes this.
  14. BP

    BP Bout to Regulate.
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  15. Upton^2

    Upton^2 blocked just a park away, but I can't really say
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    All because their huge Saudi investor let slip a comment at a random conference
     
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  16. DollarBillHokie

    DollarBillHokie Usher is the worst
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    He’s said the same thing plenty of times before that.
     
  17. Upton^2

    Upton^2 blocked just a park away, but I can't really say
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    Timing a bit different this week..
     
  18. user15000

    user15000 Well-Known Member

    Nah. CS has been a mess for a long time and the subject of plenty of people calling for their downfall.
     
    Gallant Knight likes this.
  19. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    they aren't doing this out of kindness, its about self preservation
     
  20. Gallant Knight

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    Not sure about self preservation, but banks failing is not good for other banks.
     
  21. Upton^2

    Upton^2 blocked just a park away, but I can't really say
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    I understand that. This week is specifically related to investor sell off after that conference
     
  22. Bruce Wayne

    Bruce Wayne Billionaire Playboy
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    That sounds like self preservation to me
     
  23. Gallant Knight

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    Preserving their stonk price
     
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  24. Lyrtch

    Lyrtch My second favorite meat is hamburger
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  25. Doc Louis

    Doc Louis Well-Known Member
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    Yikes. Working with all those tech companies and couldn't be bothered to automate basic reporting.
     
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  26. Can I Spliff it

    Can I Spliff it Is Butterbean okay?
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    Move over wokeness



    The real reason executives did everything to avoid risk management was remote work
     
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  27. Josey Wales

    Josey Wales Well-Known Member
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    Sure. Well name a time a bank failed before employees were as remote as they are now. Go ahead. I’ll wait!!!

    :yousoricky:
     
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  28. Bert Handsome

    Bert Handsome I'm sorry, the card says Moops
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  29. Bert Handsome

    Bert Handsome I'm sorry, the card says Moops
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    FTR that account is either a bot or just incredibly stupid. I. Not saying anything about this tweet in particular but it shows with the account overall.



     
  30. NothingIsOT

    NothingIsOT Prom pic
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    Fuck! I was ready to play a bounce on FRC this morning and I had a call at 930 and forgot about it. Damn it.
     
  31. Bruce Wayne

    Bruce Wayne Billionaire Playboy
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    Clearly learned their lesson the first time around

     
  32. Redav

    Redav One big ocean
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    Jerry, it's Frank Costanza. The SEC is here. Silicon Valley Bank is dead. Call me back.
     
  33. Nole0515

    Nole0515 Well-Known Member
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  34. DollarBillHokie

    DollarBillHokie Usher is the worst
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    The mortgages companies are losing money on right now are extremely simple securities and not remotely comparable to the mortgages from 2008.
     
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  35. Detlef Schrempf

    Detlef Schrempf Back to Back to Back AAU National Champs
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    They’re paper losses because interest rates have risen. They’re still quality paper broadly speaking.
     
  36. Arrec Bardwin

    Arrec Bardwin La Araña Discoteca
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    Right a lot of them are fine as long as they can hold to maturity. It’s why it’s pretty despicable that the SVB VC clowns were trying to incite bank run fears nation wide.
     
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  37. LeonardWashington

    LeonardWashington Leader of Tuanon
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    she’s very often wildly off base and doesn’t seem to understand what she’s commenting on most of the time
     
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  38. southlick

    southlick "Better Than You"
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  39. Can I Spliff it

    Can I Spliff it Is Butterbean okay?
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  40. BP

    BP Bout to Regulate.
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  41. electronic

    electronic It’s satire!
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    The world is coming to an end. Spliff actually posted something early? The fuck?
     
  42. Can I Spliff it

    Can I Spliff it Is Butterbean okay?
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    Who posts about the past now
    Posts from the future
    Who posts the present now?
     
  43. Can I Spliff it

    Can I Spliff it Is Butterbean okay?
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    Yeah theyre pushing this as far as they can
     
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  44. BudKilmer

    BudKilmer Well-Known Member
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    Lmao
     
  45. Bert Handsome

    Bert Handsome I'm sorry, the card says Moops
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  46. Sportfan

    Sportfan From Six to Dumptime
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    Another one bites the dust, after the big banks pumped $30B of deposits into it to try and save it.

     
  47. Leeroy Jenkins!

    Leeroy Jenkins! Radicalized
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    Lol my company went to FRB to get away from Chase.


    JUST WHEN I THOUGHT I WAS OUT THEY PULL ME BACK IN
     
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  48. BP

    BP Bout to Regulate.
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    Wow


     
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  49. pperc

    pperc Well-Known Member
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    i warned you like a month ago though
     
    Leeroy Jenkins! likes this.