Nervous on banks?

[IVE GOTTA PACKAGE 4U]

Bill Ackman says Gov has 48 hours to fix SVB 'irreversible mistake'

Billionaire hedge fund manager Bill Ackman is predicting an economic meltdown following the collapse of Silicon Valley Bank. Ackman is urging the US government to take action to protect customers

www.dailymail.co.uk

• Billionaire hedge fund manager Bill Ackman is predicting an economic meltdown following the collapse of Silicon Valley Bank
• Ackman is urging the US government to take action to protect all of the bank's depositors fearing there could be a ripple effect across other smaller banks

It does make you wonder what could happen to some companies.
Or a company like UPS would use them as a bank?

That could severely cripple a company

 

[oldngray]

It does make you wonder what could happen to some companies.
Or a company like UPS would use them as a bank?

That could severely cripple a company

SVB specialized in tech startups which were high risk. Should be no surprise that many of them failed and SVB tried to ignore the problem hoping it would go away. While they were busy blowing money on woke causes and employee bonuses.

 

[IVE GOTTA PACKAGE 4U]

SVB specialized in tech startups which were high risk. Should be no surprise that many of them failed and SVB tried to ignore the problem hoping it would go away. While they were busy blowing money on woke causes and employee bonuses.

History always repeats itself.
God bless people never learn, greed always takes over.

 

[pkgdriver]

It does make you wonder what could happen to some companies.
Or a company like UPS would use them as a bank?

That could severely cripple a company

ROKU seems to have about 25%(480 mil)of its cash and equivalents with SVB.

 

[Thebrownblob]

ROKU seems to have about 25%(480 mil)of its cash and equivalents with SVB.

 

[Thebrownblob]

SVB specialized in tech startups which were high risk. Should be no surprise that many of them failed and SVB tried to ignore the problem hoping it would go away. While they were busy blowing money on woke causes and employee bonuses.

The problem is this woke Agenda has infected everyone, and every company to some extent. We will find out just how much shortly.

 

[IVE GOTTA PACKAGE 4U]

ROKU seems to have about 25%(480 mil)of its cash and equivalents with SVB.

That's a lot of money to lose.

 

[pkgdriver]

ROKU seems to have about 25%(480 mil)of its cash and equivalents with SVB.

The company said it would not be a problem.

Disclosure-Have held ROKU but have no shares now.

 

[Thebrownblob]

The company said it would not be a problem.

Disclosure-Have held ROKU but have no shares now.

No one loses that much money and it’s not a “problem”.

 

[pkgdriver]

No one loses that much money and it’s not a “problem”.

It SEEMS like their cash flow may be ok for now.

 

[rickyb]

Is William K Black aware that we’ve long since passed pure capitalism? The government inserted their selves in every aspect, causing chaos and confusion, as well as picking winners and losers. This is the definition of crony capitalism.

yes im sure hes aware

 

[Over70irregs]

The problem is this woke Agenda has infected everyone, and every company to some extent. We will find out just how much shortly.

Not woke. Woke people have paranoid eyes open. Sleep people are the problem.

 

[Wally]

 

[Over70irregs]

What you make on a treasury bill right now does not justify keeping it in the bank.

 

[rickyb]

richard wolff suggests a recession

the matrix crashes and reloads or crashes and revolution occurs too.

 

[rickyb]

here we go. almighty michael hudson commentary

the world is a mess, we have to change our ways
:

Why the Banking System is Breaking Up | Michael Hudson

michael-hudson.com

Rising employment rates make wage earners more uppity in their demands to at least keep up with the inflation caused by the U.S. sanctions against Russian energy and food and the actions by monopolies to raise prices “to anticipate the coming inflation.” Wages have not kept pace with the resulting high inflation rates.

 

[rickyb]

david harvey says the ponzi scheme is so big the world cant afford to undo it and expects a big crash. doesnt specifically mention the svb

 

[Babagounj]

How's the overtime at the Treasury going ?
Have they printed enough new bills to cover everyone ?

 

[Over70irregs]

Bailout will be taxed to banks through FDIC which will be passed to you. It will be delayed. VCs pulled their $ out. QE infinity next up. We will have to go from 31 Trillion to mid 45-49 Trillion at least. Shore up your assets. 100% debasement guaranteed

 

[Babagounj]

Bank shares down 74% in pre-market trading despite Biden's backing

Trading was temporarily halted in dozens of regional banks this morning as shares fell by up to 75 percent when the market opened after Joe Biden claimed 'US banking is safe.'

www.dailymail.co.uk

• Western Alliance Bancorp's stock price dropped by three quarters, First Republic Bank dived 67 percent and PacWest Bancorp plunged more than 35 percent
• Trading was swiftly suspended to protect the market from rampant volatility