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

[Raw Lyrics]

computer glitch

All they need to do is get the computers 'putin

 

[JT-Money]

Customers are fukked

 

[GoldenGlove]

One regional bank is not an indicator of a national financial collapse.

And shyt, that’s those peoples problem if the funds are seized, but it sounds like the issue is with the bank itself. Until Monday rolls around it’s all just speculation.

Insured up to $250k? That’s any bank in the country. Smart people? Don’t keep more than $250k in one account, or keep your money in a bank account in the Bahamas or Switzerland.

I will also say, I believe these people can purchase 3rd party insurance for accounts that high, but I may be mistaken

This bank was/is used by a lot of startup companies. They had much more than 250K in there. Those companies with all that money tied into this bank won't even be able to survive this shyt here my guy.

 

[GoldenGlove]

Customers are fukked

Customers getting a big ass IOU promise note

 

[Justin Nitsuj]

I'm glad I no longer have bank accounts.
But I'm not too trusting of Cashapp either

 

[Jean toomer]

Apparently he was telling them everything was gucci too

Actually the note he put out caused the run…people were like this ain’t adding up

This bank was used by a lot of startup companies. They had much more than 250K in there. Those companies with all that money tied into this bank won't even be able to survive this shyt here my guy.

It’s the second largest bank failure in US history. This isn’t trivial. These companies have payroll to make.

 

[GoldenGlove]

It’s the second largest bank failure in US history. This isn’t trivial. These companies have payroll to make.

...yeah about that

 

[Windows 91]

Apparently he was telling them everything was gucci too

Jail

 

[Lexington Steele]

 

[Black Mamba]

 

[The_Sheff]

This is gonna fukk over rich people and folks at startups, aka people who took a huge gamble on risky business. The average person had no money there.

Ever since 2008 I don’t fukk with local banks at all anyway.

 

[Seoul Gleou]

so i'm already hearing rumblings of a bailout for SVB

let me get this straight...these politicians want to take your taxes and bail out a failed bank and send money to ukraine

but its impossible to bail you out on student loans and give you universal healthcare


the 20s are WILD AS FUKK

 

[Admiral Ackbar]

If billionaires start jumping out of skyscrapers, let's see if their golden parachutes save them

 

[Alvin]

now THIS bank needs to be shut down racist and just does unscrupulous things to it's customers

 

[FaTaL]

so i'm already hearing rumblings of a bailout for SVB

let me get this straight...these politicians want to take your taxes and bail out a failed bank and send money to ukraine

but its impossible to bail you out on student loans and give you universal healthcare


the 20s are WILD AS FUKK

these people are probably billionaires who want their cash back