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Discussion in 'The Mainboard' started by Menelaus, Mar 10, 2023.
When the fuck is robinhood getting shut down?
This happened with the AMC/Gamestop shit a couple years ago.
FDIC doesn’t plan to recover from private excess deposit bonds at Signature and SVB, a rare dub for the persecuted insurance industry
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.
A buddy pulled a bunch of his companies' account out of there earlier in the week.
But I thought capitalism was supposed to cut throat and ruthless.
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.
i'm still up on KRE, bought long calls.
Lost 500 bucks gambling on FRC though.
All because their huge Saudi investor let slip a comment at a random conference
He’s said the same thing plenty of times before that.
Timing a bit different this week..
Nah. CS has been a mess for a long time and the subject of plenty of people calling for their downfall.
they aren't doing this out of kindness, its about self preservation
Not sure about self preservation, but banks failing is not good for other banks.
I understand that. This week is specifically related to investor sell off after that conference
That sounds like self preservation to me
Preserving their stonk price
Yikes. Working with all those tech companies and couldn't be bothered to automate basic reporting.
Move over wokeness
The real reason executives did everything to avoid risk management was remote work
Sure. Well name a time a bank failed before employees were as remote as they are now. Go ahead. I’ll wait!!!
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.
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.