Nervous on banks?

[qdg2]

these are the stories we tell ourselves to explain the world and tell us how to act

You quote nothing but far left-wing propaganda(communist/socialist/liberal Democrat).......

Fascinating....so your thought processes are based on fantasy/myth? I guess that explains your ideas of economics.....fantasy.

You live your life(act) based on Thor.........Marvel?

What a bizarre notion.

 

[rickyb]

You quote nothing but far left-wing propaganda(communist/socialist/liberal Democrat).......

Fascinating....so your thought processes are based on fantasy/myth? I guess that explains your ideas of economics.....fantasy.

You live your life(act) based on Thor.........Marvel?

What a bizarre notion.

no i have lots of right wing ideas like congress must authorize wars, no unconstitutional spying, war criminals must be prosecuted, corporate white collar criminals must be prosecuted and we need bigger budgets to prosecute them, etc

 

[vantexan]

no i have lots of right wing ideas like congress must authorize wars, no unconstitutional spying, war criminals must be prosecuted, corporate white collar criminals must be prosecuted and we need bigger budgets to prosecute them, etc

How are those Right wing ideas? Everyone should support those.

 

[rickyb]

How are those Right wing ideas? Everyone should support those.

upholding the preexisting rule of law is a right wing value

 

[vantexan]

upholding the preexisting rule of law is a right wing value

Says who?

 

[qdg2]

upholding the preexisting rule of law is a right wing value

Why?

 

[Commercial Inside Release]

Canadian healthcare:
@rickyb injects you with the force, then takes selfies, while he plays with your light saber.

 

[rickyb]

Says who?

well off the top of my head i would think progressives would want to change the laws

 

[vantexan]

well off the top of my head i would think progressives would want to change the laws

So if they do then conservatives would uphold those laws too because that's what conservatives do? Are you saying all existing laws are unjust and unnecessary and it's up to progressives to change them?

 

[rickyb]

So if they do then conservatives would uphold those laws too because that's what conservatives do? Are you saying all existing laws are unjust and unnecessary and it's up to progressives to change them?

of course not

 

[bottomups]

Banks rock. Just dumped another $60,000 into a CD today at 5%.

 

[Up In Smoke]

Almost exactly 1 year since Silicon Valley Bank.

 

[Thebrownblob]

Almost exactly 1 year since Silicon Valley Bank.

Ouch

 

[rickyb]

Almost exactly 1 year since Silicon Valley Bank.

i was just warning @vantexan against this

 

[bacha29]

Almost exactly 1 year since Silicon Valley Bank.

It was New York Community Bank who took over Silicon Valley Bank.
Once upon a time NYCB was a terrific bank trading at 8 bucks with a buck a share dividend. I know I once owned it.
Unfortunately as it often happens.....little people wanted to be big people and enjoy the ego boosting experience of running a big bank.....So they went on a big acquisition spree including taking ownership of the failed Silicon Valley Bank along with dumping out big loans to back big New York real estate ventures that never lived up to their big expectations.

By the looks of things the truly big hammer that being the FDIC and the Federal Reserve will come walking into NYCB within the next few days and lay some truly big hurt on the big people wannabes. The result of course will be these aspiring big people will once again become little people .

 

[UnionStrong]

i was just warning @vantexan against this

Because you’re a maven on the subject.

 

[vantexan]

It was New York Community Bank who took over Silicon Valley Bank.
Once upon a time NYCB was a terrific bank trading at 8 bucks with a buck a share dividend. I know I once owned it.
Unfortunately as it often happens.....little people wanted to be big people and enjoy the ego boosting experience of running a big bank.....So they went on a big acquisition spree including taking ownership of the failed Silicon Valley Bank along with dumping out big loans to back big New York real estate ventures that never lived up to their big expectations.

By the looks of things the truly big hammer that being the FDIC and the Federal Reserve will come walking into NYCB within the next few days and lay some truly big hurt on the big people wannabes. The result of course will be these aspiring big people will once again become little people .

More specifically Silicon Valley Bank got hammered with a bunch of commercial real estate loan failures when pandemic shutdowns forced a lot of businesses to operate from home.

 

[Up In Smoke]

It was New York Community Bank who took over Silicon Valley Bank.
Once upon a time NYCB was a terrific bank trading at 8 bucks with a buck a share dividend. I know I once owned it.
Unfortunately as it often happens.....little people wanted to be big people and enjoy the ego boosting experience of running a big bank.....So they went on a big acquisition spree including taking ownership of the failed Silicon Valley Bank along with dumping out big loans to back big New York real estate ventures that never lived up to their big expectations.

By the looks of things the truly big hammer that being the FDIC and the Federal Reserve will come walking into NYCB within the next few days and lay some truly big hurt on the big people wannabes. The result of course will be these aspiring big people will once again become little people .

Three private equity groups have stepped up with 1 billion of equity to stabilize the bank. One of the firms his headed by Steve Mnuchin. The bid is around $2.50 per share.

 

[Over70irregs]

Consolidation

 

[Up In Smoke]

It was New York Community Bank who took over Silicon Valley Bank.
Once upon a time NYCB was a terrific bank trading at 8 bucks with a buck a share dividend. I know I once owned it.
Unfortunately as it often happens.....little people wanted to be big people and enjoy the ego boosting experience of running a big bank.....So they went on a big acquisition spree including taking ownership of the failed Silicon Valley Bank along with dumping out big loans to back big New York real estate ventures that never lived up to their big expectations.

By the looks of things the truly big hammer that being the FDIC and the Federal Reserve will come walking into NYCB within the next few days and lay some truly big hurt on the big people wannabes. The result of course will be these aspiring big people will once again become little people .

I believe NYCB bought Signature Bank last year.