Wells Fargo: Welcome to Fukkery
FDIC shuts down Silicon Valley Bank, crash incoming? Update: 2nd bank, Signature Bank in NY closed
- Thread starter Paper Boi
- Start date
Wells Fargo: Welcome to Fukkery
this thread has turned into a cesspool of conspiracy theories and nonsense post from Twitter financial gurus
Its the coli breh. Many of these kats ain't graduated from 4th grade yet....
Cobalt Sire
All Star
Monday might be red as fukk for the stock market.
Criminal and nothing they will do to stop it
It's not just one bank.
Silvergate capital collapsed this week
Rumors Signature bank of NY is about to go down too.
Plus several other banks hit
Billions gone. Poof
Yep the FED/FDIC will step in just like they did during 2008/2009 with bank bailouts and just like they did in the 80s with the savings and loan scandal. I mean this ain't nothing new in terms of the FDIC handling situations like this.
However this may cause Powell to chill with the interest rate hikes. Cause basically the increase in interest rates is the reason this bank basically went under. So interest rates raised, which means less people are taking out loans so the bank can't make money on interest rates.
The bank has investments in the market and because of the interest rate hikes the markets tanks. So the bank can't sell their investments at a loss. The Bank has government bonds, but bought bonds before the interest hikes so the bonds only pay at an interest rate of 2%. No one will buy the bond cause now bond interest rates are at 5 percent. So the bank is stuck with the bonds.
Another thing I was reading that supposedly a bill was passed to help prevent bank bail outs and now its a bail in. Basically means private investors are used to bail in the banks which could just mean the FDIC will work with other larger banks to take over the assets of this bank.
All in all the government will resolve this. They are not going to let this become some massive contagion like you see in Crypto. For the fools that don't know a massive contagion from the banking industry that originates from the US has the ability to take down the entire global market because when inflation hits globally many countries put their money in the US market and USD (US dollars) because our money is much more stable (not to mention how other countries buy US bonds and sell those bonds for US money because our money is stable and US bonds are considered safe investments because the US government is one of the few in the world that does not default on their loans).
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It's insane how many disastrous events this man has caused
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Probably the CEO or CFO
Cat piss martini
Veteran
tragic.....
