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Reload this Page Oh look...banks are starting to fail...let's go BRANDON

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Old 03-10-2023, 06:22 PM   #16
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It's amazing how quickly Light and TJ jump into the thread to provide cover for Joe...

GET DOWN MR. PRESIDENT!
Because it has nothing to do with the president and you are just using this to further your stupid Maga style agenda. This is an economic fallout not a political one.
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Old 03-10-2023, 06:43 PM   #17
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Because it has nothing to do with the president
It never does...unless of course it's George W. Bush or Donald J. Trump
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Old 03-10-2023, 07:02 PM   #18
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It never does...unless of course it's George W. Bush or Donald J. Trump
Everything to you is either a conspiracy theory or Biden's fault.

BTW, I'm sure you know that Trump installed Powell as Chairman of the Fed Reserve. And I know you follow the market and you know the power Powell's words have to move the market.

If you want to blame anyone, blaming Trump for installing Powell would be more accurate.

Everyone who follows the market knows Powell moved too late to curb inflation and now has the fastest increase in interest rates ever to make up for it which caused SVB to fail.

Thanks to your orange skinned, toupee wearing, Mcdonald's eating guy who slurred the word "states" twice a week ago in a Cpac speech. And you say Joe is senile. Trump is demented.
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Old 03-10-2023, 07:08 PM   #19
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Everything to you is either a conspiracy theory or Biden's fault.
I don't blame Biden for anything.

The man's brain is the consistency of mushroom soup.

People like that can't be responsible for tying their shoes, let alone ruining a nation's economy.
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Old 03-10-2023, 07:49 PM   #20
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You wonder what the fallout is going to be on this going forward, and if there's more shoes to drop.

A lot of missed payroll today in tech. Rippling was one of the biggest affected but seems like they got a plan to be able to cut checks and deposits by Monday. Of course individual companies are probably more affected.

I saw a post that SVBs loans had provisions in them that you could NOT have deposit accounts anywhere else --- I don't know that a mid sized to large company would not have multiple banks engaged as part of their cash management protocols.

First Republic seems to be next.
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Old 03-10-2023, 07:50 PM   #21
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Is this the start of a tech bubble? I am already seeing Bill Ackman call for a BAILOUT lmao
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Old 03-10-2023, 07:54 PM   #22
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Coincidence or did he know something in late January?

Big things like this usually don't happen overnight..

SVB Chief Sold $3.6 Million in Stock Days Before Bank’s Failure
https://finance.yahoo.com/news/svb-c...233758987.html
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Old 03-10-2023, 08:11 PM   #23
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That's why I prefer to deposit my money at racetracks and casinos.
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Old 03-11-2023, 02:58 AM   #24
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LOL - largest failure since 2008...SECOND BIGGEST EVER...Biden economy rocks!

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Old 03-11-2023, 09:13 AM   #25
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Everything to you is either a conspiracy theory or Biden's fault.

BTW, I'm sure you know that Trump installed Powell as Chairman of the Fed Reserve. And I know you follow the market and you know the power Powell's words have to move the market.

If you want to blame anyone, blaming Trump for installing Powell would be more accurate.

Everyone who follows the market knows Powell moved too late to curb inflation and now has the fastest increase in interest rates ever to make up for it which caused SVB to fail.

Thanks to your orange skinned, toupee wearing, Mcdonald's eating guy who slurred the word "states" twice a week ago in a Cpac speech. And you say Joe is senile. Trump is demented.
Yes Trump installed him and Biden kept him . Like it or not Biden is President now. The buck stops with him.
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Old 03-11-2023, 09:14 AM   #26
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the bank would be fine if they only focused more on climate change and racism equity.
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Old 03-11-2023, 09:46 AM   #27
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LOL - largest failure since 2008...SECOND BIGGEST EVER...Biden economy rocks!

https://www.youtube.com/watch?v=cl-ZawiAghE
LOL
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Old 03-11-2023, 10:20 AM   #28
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interesting that the bank president and many officers also decided to raise capital by selling their stock in their company
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Old 03-11-2023, 01:49 PM   #29
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I originally thought this was funny.

But then I realized there are people out there who bought based on his recommendation.



-jp

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Old 03-11-2023, 02:04 PM   #30
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Same guy that loved FTX
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