FDIC shuts down Silicon Valley Bank, crash incoming? Update: 2nd bank, Signature Bank in NY closed

[B86]

I’m not gonna front like I know what this means for us, but it definitely sounds fukked up…

 

[☑︎#VoteDemocrat]

Crypto is the biggest Ponzi scheme in history

 

[jdubnyce]

Moass @I Really Mean It

 

[humminbird]

get your puts up
get your money up

you're not joking
iykyk

 

[Jean toomer]

Explain this to me in Coli nikka terms

If you’re a broke boy you good…
If you started a company in Silicon Valley and had your money in SVB you probably pulled all your money out because the bank made some bad investments due to rising interest rates. A good old fashioned bank run caused the bank to be taken over by the FDIC.

 

[StackBundles]

If you’re a broke boy you good…
If you started a company in Silicon Valley and had your money in SVB you probably pulled all your money out because the bank made some bad investments due to rising interest rates. A good old fashioned bank run caused the bank to be taken over by the FDIC.

Nothing to worry about on my end then… hope you Coli cert nikkas didn’t bank there

 

[Wiseborn]

Fractional banking is a net good. a Fraction of a fraction is not good.

 

[jdubnyce]

you're not joking
iykyk

Criminal and nothing they can do to stop it

 

[GoldenGlove]

I thought this only happened to crypto exchanges and in DeFi?

 

[Windows 91]

Wells Fargo don't have the best rep either. I'd be getting my money outta there ASAP.

 

[Wiseborn]

If you’re a broke boy you good…
If you started a company in Silicon Valley and had your money in SVB you probably pulled all your money out because the bank made some bad investments due to rising interest rates. A good old fashioned bank run caused the bank to be taken over by the FDIC.

If you had less than 250K invested you good.

shyt means next to nothing. I guess my Nasdaq stocks will be fukked up for awhile but other than that Tech companies will consolodate and get stonger and the uncompetative ones will die.

 

[Lexington Steele]

Explain this to me in Coli nikka terms

Your credit card scammer friend that you let borrow fifty dollars has skipped town.

 

[Mr swag]

All my stuff is str8

 

[☑︎#VoteDemocrat]

 

[Solomon Lurke]

Saw a message this morning, everything was fine in my account but was wondering why they sent out a blanket message like that.