Has anyone heard from Chamillionaire since this collapse?!?!
CHAMILLIONAIRE!!!!????
FDIC shuts down Silicon Valley Bank, crash incoming? Update: 2nd bank, Signature Bank in NY closed
- Thread starter Paper Boi
- Start date
Chamillionaire is now Chabroke, trying to be sittin' sideways in a car that is being Charepossessed, his landlord says he's being ChavictedCHAMILLIONAIRE!!!!????
Ozymandeas
Veteran
No disrespect but I’m not putting tens of millions of dollars in Silicon Valley Bank. It’s going into Goldman Sachs, JP Morgan and Bank of America. Banks that if they fail, the whole global banking system is coming down. Also I’m getting multiple accounts at each bank so all my bread isn’t in any one bank. And I’m pretty sure there’s some sort of insurance you can buy on your deposits. I’m thinking this as a regular joe. WTF were these cfos doing?
what are its holdings though
Json
Superstar
Some random Twitter post I saw claimed SVB was some kind insider tech bro bank.
Getting in with one of the big boys meant you weren’t cool.
I don’t know if it’s true but it sounds like the kind of mindset you see in these types of circles. That’s why SVB’s assets doubled in a year.
Piff Perkins
Veteran
The bank was largely used by Californian tech companies for loans and payroll. You’re right, a normal person would be using a normal bank. And none of the normal banks are in trouble. This is an isolated issue that boils down to mismanagement and getting fukked by interest rates on bonds.
Goldman, JP Morgan, and BoA are about to go under?
Rembrandt
the artist
Roku lost half a billion off this lmao. their forecast is about to be cut very short. Double entendre don't even ask me how
Has anyone heard from Chamillionaire since this collapse?!?!
CHAMILLIONAIRE!!!!????
He had money in that bank?
BoA went under in 2007/2008… needed a federal bail bout..Goldman, JP Morgan, and BoA are about to go under?
“On January 16, 2009, Bank of America received $20 billion and a guarantee of $118 billion in potential losses from the U.S. government through the Troubled Asset Relief Program (TARP). This was in addition to the $25 billion given to the bank in the fall of 2008 through TARP.”
Double aunt Andre
Get the resume together, update your LinkedIn. There will be casualties.My company is one of the startups that had our USD account with SVB. Couldn't make any transfers today from the account. Hoping we can recover some mills on Monday. Not sure what scraps we'll recover.
Luckily we were acquired by a huge company 2 years ago, so we are essentially are their employees but act as individual entity. They got a large bankroll, and we will end up borrowing from them. Bout to get my resume together just in case.