www.foxbusiness.com
Just don’t you dare talk about the people behind the pattern lol
nypost.com
no way billionaires should be made whole on their deposits. 250k is the limit, make smarter decisions with your money. How are you going to sell to make whole Oprah, rich VCs etc?
Most of their deposits were small tech firms. And depending on how they are organized… may have 250k insurance. Or may have nothing. FDIC I *thought* was for individual depositors. Not corporate accounts.
Saving donor money .........3.2.1 go
Dodd Frank bill made sure that we won't be bailing out the banks. Instead the banks can now bail in and take your deposits and issue you an IOU. The FDIC only has enough funds to cover 1.25% of the deposits so if your counting on getting your $250,000 coverage you better think twice.
Unfortunately, that’s exactly the way the market works. People get screwed all the time. Close a Biz, file bankruptcy, open same biz under a different name the next day and all is good. It’s fucked up. No repercussions to anyone except the stockholders get screwed.
Curious where you guys would park $500 mil.
www.theepochtimes.com
Taking Stakeholder Capitalism and "go woke, go broke" to its sad but logical conclusion. Add in the expected C-Suite level corruption- their own personal "bailout" program. Sounds like it is "all according to plan."Wow!
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Next domino
Fears Silicon Valley Bank collapse could hit First Republic Bank
First Republic Bank, the the 16th largest in the US, saw its shares plummet 50 percent on Friday. The concern was due to the collapse of similarly-positioned Silicon Valley Bank.
Insider summary at bottom:
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US stock market today: stock quotes, stock screener, stock charts, insiders trading, market news, portfolio tracking, and cryptocurrencies.wallmine.com
List of Top 50 Banks in the United States
www.advratings.com
If this goes as usual, the collapse will continue until the top 5 are threatened, then the bailout will arrive, and everyone from Goldman on up will buy the smaller fish for pennies on the dollar.
Why Goldman? The revolving door and campaign contributions from G-S are massive.
Goldman Sachs Profile: Summary
Goldman Sachs organization profile. Contributions in the 2022 cycle: $3,351,512. Lobbying in 2021: $2,360,000. Outside Spending in the 2022 cycle: $0.www.opensecrets.org
Donor Lookup
The revolving door always spins for Goldman Sachs — by design
For many, the ties between investment bank Goldman Sachs and the government (particularly the Trump Administration) is very worrisome.
Of course that was 2017, in 2020, G-S joined the Biden Team:
Goldman Sachs vets quietly added to Biden transition
www.politico.com
With that kind of money your not in danger because it's not going to be sitting in cash. It'll be in bonds or equities which shouldn't be affected by bank/broker failures.
It will be interesting to see if the politicians are willing to take the heat for declaring a bail in or if they come up with some sneaky way of bailing out their banking friends without the political and economic costs what will come with a bail in.
www.thegatewaypundit.com
OH NO - More Silicon Valley Bank Fallout - Goldman Sachs Backed CIRCLE's Stable Coin 'USDC' No Longer Pegged to Dollar - Conversion to Dollars Halted | The Gateway Pundit | by Joe Hoft
CIRCLE crypto company is under additional duress. Currently, trading of its stablecoin ‘USDC’ has been suspended till at least Monday and the coin is no longer pegged to the dollar. On Saturday it was reported that crypto company CIRCLE was at risk from the Silicon Valley Bank failure because...
coinmarketcap.com
They already claiming they are going to. Then again that was just a blip on the news and you know how trustworthy that is.Always interesting to see activity immediately preceding an "event"
USD Coin price today, USDC to USD live price, marketcap and chart | CoinMarketCap
The live USD Coin price today is $1.00 USD with a 24-hour trading volume of $1,388,051,007.55 USD. We update our USDC to USD price in real-time.
DC saying "no bailout" means there will be a bailout. Eventually.
not me, their clientele voted for Biden and elections have consequences. They did business with a woke institution, let them suffer. ZERO FKS GIVEN
At least someone has a modicum of a brain! Even tho the fact many wanted to tells me this is indicative of a larger issue and that they are trying to suppress public panic.
You know how much sone small businesses have in the bank at certain times. ?
They are trying, but I suspect this week will have plenty of fantastic buying opportunities I'm ready to go shopping. Ackman is already vying for Hell is Coming 2.0 speech time. One thing is for sure volatility is the norm now.
Yeah well I’m not a fan. I had insane returns in 2020-21, all wiped out and then some now. Obviously, I’m not selling at a loss so...it’s either buy more or let it ride. But if we are looking at a repeat of the 20’s then nothing matters anyways.
Yep. That’s what I seen.Demorats donors unsecured deposits will be bailed out , Yellen already turned the plate 180°
Regulators Weighing Bailout Of All Unsecured SVB Depositors To Prevent "Banking Panic"
3:00pm ET Update: In a reversal of what Janet Yellen said just hours ago, WaPo reports that federal authorities are "seriously considering safeguarding all uninsured deposits at Silicon Valley Bank" - and by extension any other bank on the verge of failure - and are weighing an extraordinary intervention to prevent what they fear would be a panic in the U.S. financial system.
Officials at the Treasury Department, Federal Reserve, and Federal Deposit Insurance Corporation discussed the idea this weekend, the people said, with only hours to go before financial markets opened in Asia. White House officials have also studied the idea, per two separate people familiar with those discussions. The plan would be among the potential policy responses if the government is unable to find a buyer for the failed bank.
Growth and tech are in for several years of rough times. I keep scratching my head when I hear the bobbleheads say 'the market' is expensive. Well sure the S&P500 is selling around 19x. Take out the big 6 and it's ~12x. There are plenty of great companies with healthy balance sheets and great runway. So much of the index/etf passively eating the big 6 turds and dragging down performance....not a fan of heavily cap weighted indexing. Heck if those big boys get enough of a hair cut this year they may even attract a boring dividend value investor like this old fart
Ask and you shall receive…
www.snipershide.com
Doesn't mean it's going to be there forever.....just a tough patch ahead. Anyone not profitable b/f this rate cycle is going to be a longer duration waiting game.
Problem is, we ain’t getting any younger. I still got a good 20 years before retirement but if we had this situation 20 years from now I’d be screwed. Well me and the wife will have pensions, allegedly, but I don’t bet on that anymore than the market.
