Global Financial Crisis (19 Viewers)

[Enron]

Looks like depositors will get some of their money on Monday when the new bank opens.

 

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[GordoDeCentral]

Looks like depositors will get some of their money on Monday when the new bank opens.

Lol how's that not a bailout then

 

[AFL_ITALIA]

Lol how's that not a bailout then

I'm guessing FDIC insured accounts

 

[GordoDeCentral]

I'm guessing FDIC insured accounts

That goes without saying, i think these assholes gonna refund all deposits but not salvage the bank and politically claim it as not a bailout.

 

[Dostoevsky]

Good.

I'll be surprised if true

 

[Enron]

Lol how's that not a bailout then

I guess they’re calling it an advanced dividend. But nothing is for sure since the auction for SVBs carcass won’t be finished until tonight.

 

[Enron]

That goes without saying, i think these assholes gonna refund all deposits but not salvage the bank and politically claim it as not a bailout.

That’s what it looks like to me too.

 

[Enron]

The average car payment for the last couple years has gone up to a grand. Hope it all crashes, ridiculous numbers

that’s why I constantly trade decade old cars for other decade old cars

 

[Firestarter]

f

 

[Enron]

Thanks Obama!

 

[Strickland]

Thats what raising the interest rates and doing nothing else during an inflation does - you pay more for mortgage, you also lose money on long term investments and banks get a payday.

 

[Bjerknes]

Sounds like panic to me. Of course futures are highly positive. Total bailout scam as usual.

 

[GordoDeCentral]

Fuckin women...

 

[Bjerknes]

That goes without saying, i think these assholes gonna refund all deposits but not salvage the bank and politically claim it as not a bailout.

You are seemingly going to be right. I think they call this a back door bailout.

 

[AFL_ITALIA]

Signature Bank has been shut down.

That goes without saying, i think these assholes gonna refund all deposits but not salvage the bank and politically claim it as not a bailout.

I've been thinking about this, is there some sort of product for companies that'll guarantee millions and also maintain liquidity? There has to be something that exists for a company that holds $25M in cash other than them maintaining 100 separate bank accounts, no?

 

[Bjerknes]

Fuckin women...

Fuckin’ arrogant academics making 175k a year ruling over our economy.

 

[GordoDeCentral]

Signature Bank has been shut down.


I've been thinking about this, is there some sort of product for companies that'll guarantee millions and also maintain liquidity? There has to be something that exists for a company that holds $25M in cash other than them maintaining 100 separate bank accounts, no?

T bills, and get lines of credit against it

 

[X Æ A-12]

Fuckin women...

que?

 

[Bjerknes]

Signature Bank has been shut down.


I've been thinking about this, is there some sort of product for companies that'll guarantee millions and also maintain liquidity? There has to be something that exists for a company that holds $25M in cash other than them maintaining 100 separate bank accounts, no?

By product do you mean credit default swaps? Because they definitely have those. They’re used as a hedge. But the Fed can basically do whatever it wants to under the guise that it’s emergency liquidity through repos and other shit.

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[GordoDeCentral]

que?

The head of the fed, this ugly broad, panicked and is refunding all deposits instead of making a stand and letting adults take responsibility for their risk taking.