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

[Black Mamba]

that would make it so employees wouldnt get paid

Oh well then
Oh well
I guess good for them they will get paid

 

[humminbird]

 

[FaTaL]

are you a client of that bank?

 

[humminbird]

are you a client of that bank?

no

 

[Spiritual Stratocaster]

That bank needs to be audited

Too much fukkery involved with them.

 

[Atlrocafella]

Relax everyone , Feds got it under control.

 

[FaTaL]

Relax everyone , Feds got it under control.

watch dumbazzes line up tomorrow

 

[newarkhiphop]

 

[The M.I.C.]

watch dumbazzes line up tomorrow

FDIC has about 119 billion in reserves to cover losses.

You're talking about 160 billion with just SVB..if you have a runaway domino effect with bank failures then the FDIC is already insolvent. If the US Treasury even dares to try what they did back in 2009, by attempting bailouts under these current conditions then you're potentially putting the US Dollar and Treasuries on the sacrificial altar.

 

[Fillerguy]

FDIC has about 119 billion in reserves to cover losses.

You're talking about 160 billion with just SVB..if you have a runaway domino effect with bank failures then the FDIC is already insolvent. If the US Treasury even dares to try what they did back in 2009, by attempting bailouts under these current conditions then you're potentially putting the US Dollar and Treasuries on the sacrificial altar.

They can literally create money. It ain't that deep.

 

[69 others]

watch dumbazzes line up tomorrow

Why shouldn't they
They'll get their money and the future of svb is uncertain. It will be foolish to keep your money in a bank that probably wouldn't exists anymore.

 

[FaTaL]

Why shouldn't they
They'll get their money and the future of svb is uncertain. It will be foolish to keep your money in a bank that probably wouldn't exists anymore.

i'm talking about other banks, local and regional ones

 

[69 others]

i'm talking about other banks, local and regional ones

Ah. Nah doubt most people will. You'll always have your paranoid idiots who might though

 

[GoldenGlove]

They can literally create money. It ain't that deep.

 

[ABlackMan]

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

It’s called getting ahead