Global Financial Crisis (18 Viewers)

[petersmit]

Well we are waiting.gif

 

Buy on AliExpress.com

[.zero]

@swag give me vamp Cathy Wood instead

 

[AFL_ITALIA]

Silicon Valley Bank has been shut down by regulators. Brace yourselves, everyone.

https://www.cnbc.com/2023/03/10/sil...ulators-fdic-to-protect-insured-deposits.html

 

[Siamak]

This is shit.

Stop crying dude, you know nothing about Hyperinflation. Live your luxury life in America and be appreciative.

 

[Enron]

Silicon Valley Bank has been shut down by regulators. Brace yourselves, everyone.

https://www.cnbc.com/2023/03/10/sil...ulators-fdic-to-protect-insured-deposits.html

Of course.

 

[ALC]

Goddamn it Cramer

 

[Siamak]

The stock's value has since dropped by 66% following concerns that the bank is on the brink of collapsing

no one will invest with destabalisation.

 

[Enron]

no one will invest with destabalisation.

it was shut down a couple of hours ago

 

[X Æ A-12]

Silicon Valley Bank has been shut down by regulators. Brace yourselves, everyone.

https://www.cnbc.com/2023/03/10/sil...ulators-fdic-to-protect-insured-deposits.html

So what happens to companies that had money in svb?

 

[Enron]

So what happens to companies that had money in svb?

most will probably lose their money. I think 97% of deposits were uninsured

 

[AFL_ITALIA]

So what happens to companies that had money in svb?

It is unclear exactly how larger accounts or credit lines for companies will be impacted by the closure. The FDIC said it will pay uninsured depositors an advanced dividend within the next week, with potential additional dividend payments as the regulator sells SVB’s assets.

Sounds like nothing is a guarantee at this point, I guess some companies could be out quite a bit of money.

Working at a Fintech firm, I wonder if we'll be affecting in the coming weeks as well.

 

[Dostoevsky]

So what happens to companies that had money in svb?

Aaaaaaaaand it's gone.

 

[Cerval]

Goddamn it Cramer

He killed your Eagles

 

[X Æ A-12]

most will probably lose their money. I think 97% of deposits were uninsured

Welp their goes my job lol

 

[Enron]

Welp their goes my job lol

the FDIC will try to sell off all the assets to pay back depositors but I don’t think they know how much that will be at this point. Apparently, some depositors will be able to get money on Monday.

I really hope you don’t lose your job.

 

[Bjerknes]

Silicon Valley Bank has been shut down by regulators. Brace yourselves, everyone.

https://www.cnbc.com/2023/03/10/sil...ulators-fdic-to-protect-insured-deposits.html

Contagion

Stop crying dude, you know nothing about Hyperinflation. Live your luxury life in America and be appreciative.

Oh, don't worry, I shall. But... we were talking about Argentina.

Anyways, carry on. I have a $120 bottle of champagne to get into tonight while I watch the latest episode of Rupaul's Drag Race.

most will probably lose their money. I think 97% of deposits were uninsured

Yup, most were huge accounts. They fucked.


And if you want some put ideas...


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Welp their goes my job lol

Hopefully not. Unless your company had all everything in SIVB without any other risk mitigation strategies.

I read someone bought $7,500 worth of SIVB puts the other day and the position is now worth $3M. Wish it was me.

 

[Enron]

Contagion



Oh, don't worry, I shall. But... we were talking about Argentina.

Anyways, carry on. I have a $120 bottle of champagne to get into tonight while I watch the latest episode of Rupaul's Drag Race.

Yup, most were huge accounts. They fucked.


And if you want some put ideas...


- - - Updated - - -



Hopefully not. Unless your company had all everything in SIVB without any other risk mitigation strategies.

I read someone bought $7,500 worth of SIVB puts the other day and the position is now worth $3M. Wish it was me.

Jesus, that’s one hell of a move.

 

[X Æ A-12]

Hopefully not. Unless your company had all everything in SIVB without any other risk mitigation strategies.

I read someone bought $7,500 worth of SIVB puts the other day and the position is now worth $3M. Wish it was me.

Don't know the exact breakdown but yea I don't believe they are well diversified here

 

[Bjerknes]

 

[.zero]

I’ll prepare for the worst and pray for the best. However all the FUD about a 2008 repeat and contagion is not 100% true.

In 08 those were all investment banks that were highly levered. SVB is a commercial bank. The contagion may involve other similar regional banks. But not take down the big IB institutions like LEhman, Bear Sterns in 2008.

Just my 2 cents. I guess we’ll wait and see.