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Oprah had to be physically restrained

Anbarandy

Bitter House****
Apr 27, 2006
10,213
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For the love of God please, can someone physically restrain 'mitchell76' from cutting and pasting Kevin O'Leary nonsense videos?
 

Insidious Von

My head is my home
Sep 12, 2007
38,622
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Kevin O'Leary doesn't know when to keep his mouth shut. Sam Bankfried-Fried could throw him under a cement mixer.

 

Insidious Von

My head is my home
Sep 12, 2007
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Yogi Berra says, "It's deja vu all over again". SVB got the Nortel treatment from upper management, that's what it looks like.

 

Addict2sex

Well-known member
Jan 29, 2017
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squeezer

Well-known member
Jan 8, 2010
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jcpro

Well-known member
Jan 31, 2014
24,673
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NEWS FLASH!!!

Nobody is going to lose their money thanks to Joe Biden!

Yep, they know how to take care of their billionaire buddies. Nothing to see, here.
 

mandrill

Well-known member
Aug 23, 2001
72,112
73,405
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My understanding is that the cost of protecting customers' deposits will be funded by increased FDIC premiums on the healthy banks. Not one cent from taxpayers, other than the taxpayers that are the healthy banks paying the higher premiums.
The issue w Silicon Valley Bank is that it did not have the liquidity to withstand a bank run. But its asset base is sound. So the Feds will get their $$$$ back in a year or two.

So that makes it a risk-free bail.
 
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mandrill

Well-known member
Aug 23, 2001
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Yep, they know how to take care of their billionaire buddies. Nothing to see, here.
"Their billionaire buddies" would have been just fine anyway. Biden's protecting the smaller investors who would have lost everything. Well done, Joe!
 
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jcpro

Well-known member
Jan 31, 2014
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Aw, JC, come on! Don't let another Joe win throw you off. Just take in man and enjoy the moment.
Yeah, a bank failure fuelled by rising interest rates due to Biden's inflation is a huge win. Two bank failures are even better. Sure feels like a win.
 

Insidious Von

My head is my home
Sep 12, 2007
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Yeah, a bank failure fuelled by rising interest rates due to Biden's inflation is a huge win. Two bank failures are even better. Sure feels like a win.
As Tybalt's uncle said, shush jc, why stormeth so.

Most NoCal banks are in trouble, they hedged on crypto and tech stocks. The CEO of SVB and his top brass cashes out their shares once the tech giants started laying off staff. The entire banking/investment industry in San Francisco Bay faces a liquidity crunch. The share price of Bitcon has gone up to $26,000, Wall Street is attempting to stanch the bleeding. Even though crypto is a Ponzi scheme of the most wasteful kind.

I don't know how Biden can contain this, his predecessor with the sexy mouth wouldn't have a clue.

 

danmand

Well-known member
Nov 28, 2003
46,366
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"Their billionaire buddies" would have been just fine anyway. Biden's protecting the smaller investors who would have lost everything. Well done, Joe!
Do you not know anything? Jcpro is correct. Biden took care of their billionaire buddies. Nothing to see, here.

Investors in SVB and the other bank lost their entire investment.

Smaller depositors (less than $250,000 were always protected by deposit insurance.
 

jcpro

Well-known member
Jan 31, 2014
24,673
6,837
113
As Tybalt's uncle said, shush jc, why stormeth so.

Most NoCal banks are in trouble, they hedged on crypto and tech stocks. The CEO of SVB and his top brass cashes out their shares once the tech giants started laying off staff. The entire banking/investment industry in San Francisco Bay faces a liquidity crunch. The share price of Bitcon has gone up to $26,000, Wall Street is attempting to stanch the bleeding. Even though crypto is a Ponzi scheme of the most wasteful kind.

I don't know how Biden can contain this, his predecessor with the sexy mouth wouldn't have a clue.

It's not the crypto that's unhinging banks.

 
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Frankfooter

dangling member
Apr 10, 2015
83,500
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Do you not know anything? Jcpro is correct. Biden took care of their billionaire buddies. Nothing to see, here.

Investors in SVB and the other bank lost their entire investment.

Smaller depositors (less than $250,000 were always protected by deposit insurance.
You would have preferred a bit of contagion?
 
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