FDIC shuts down Silicon Valley Bank, crash incoming? Update: 2nd bank, Signature Bank in NY closed
- Thread starter Paper Boi
- Start date
Black Mamba
Superstar
They better not bail the non insured people out
I want crazy banks runs starting next week lets goo
Peter Thiel's Founders Fund got its cash out of Silicon Valley Bank before it was shut down, report says
Bloomberg reported that Thiel's VC fund took all its cash out of SVB after encountering problems with transfers during a "capital call."
They better not bail the non insured people out
I want crazy banks runs starting next week lets goo
don't sound like there will be one at least for now.
The FDIC will give them some type of payout based on the value of the remaining assets and that should be it.
This is not going to be another 2008. The big banks have good reserves. the most this might spread to are smaller are other banks in the region that are not managed well
Fade Runner 2049
Veteran
Something like 90% of depositors in that bank had more than $250k in
.
humminbird
Veteran
Yellen rules out bailout for Silicon Valley Bank: "We're not going to do that again"
The collapse of Silicon Valley Bank is the largest of a financial institution since the failure of Washington Mutual in 2008.
www.cbsnews.com
Yellen rules out bailout for Silicon Valley Bank: "We're not going to do that again"
Tony D'Amato
It's all about the inches
Starting to see why the stock market boomed under Trump. Shyt is about to get scary
IIVI
Superstar
Ah, I don't mean I don't want people getting their worth, in fact I want people to keep pushing the salary price way up.tech salaries have absolutely nothing to do with the SVB situation
and what is wrong with people getting their worth in salary?
I'm only saying if more people lose their jobs or quit because their company can't pay them, then there's simply going to be that much more competition for the open spots and people's resumes, credentials, etc. are going to have to be that much better.
In The Zone '98
Superstar
Buckle up...
Tony D'Amato
It's all about the inches
1min 50sec mark ole boy made it seem like the issue is confidence. But ppl lining up to take money out of banks doesn't seem like confidence
Elim Garak
Veteran
I must admit this shyt makes me feel uneasy about whats to come in 2023.