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

[BigMoneyGrip]

E40 keep his bread under his mattress… no more warrior games for SVB CEO

 

[old pig]

god I really hate crackers at times lol

 

[bnew]

https://archive.is/kOwGI

 

[JLova]

Damn 5y Canada bond has fallen off a cliff in 3 days. Similar to US 10y

 

[bnew]

 

[Mowgli]

Well if we go broke during bidens era the Nazis will step in.

The 2008 bailout was 700 billion. The white man not gonna shell out double triple for this

 

[Spiritual Stratocaster]

Tesla?
And he said that in febuary?

 

[Spiritual Stratocaster]

Well if we go broke during bidens era the Nazis will step in.

The 2008 bailout was 700 billion. The white man not gonna shell out double tri

BJJ advice


Everything else nvm.....I didn't know that bailout was 700.

You political takes though

 

[The M.I.C.]

Thank god I moved most of it to fidelity to a money market fund to collect some interest. I dodged a bullet.

Smart dude right here.

Did the same shyt.

 

[IIVI]

Man, this is why people need to do their own due dilligence.

That shyt is tough to do though as it requires a shyt oad of looking at the SEC site, reading reports, reading financial sheets and statements, then making a well-educated guess, etc.

So they look at influencers to do the work for them, then get pissed when an influencer is wrong

Somebody like Jim Cramer don't spend his time doing all the work because he got to get ready to be on air, if anything somebody behind the scenes does, but that'd basically mean Jim Cramer is winging it on air based off of small tidbits of info the team is doing for him.

 

[Mowgli]

BJJ advice


Everything else nvm.....I didn't know that bailout was 700.

You political takes though

Broke people are susceptible to fanaticism so less hope this is just a light correction due to poor management

 

[The M.I.C.]

Alot dumb nikkas in here

I'm in my late 40's..I remember 2008 VERY WELL and seeing that '88 in your name, you're in your mid 30's so I don't know if you were affected by that bullshyt back then but I SURELY fukkING WAS.

shyt popped off in March with Bear Stearns falling the fukk over and they TRIED hard as hell to keep the shyt from buckling for at least six months until Lehman Brothers gave up the ghost in September and all hell broke loose. They even encouraged motherfukkers to keep investing in the market through that "eye of the storm" period and once Lehman gave up the goods, nikkas portfolios got NUKED. My fukking advisor at Wachovia committed suicide over that shyt..I lost over forty grand with him which is small potatoes compared to homeboy losing all his family's and wealthier clients money.

Here's the thing..it took damn near almost three years for the banking system to recover from that. You had 40+ bank failures for three years straight from 2009 to 2012.. we're a little more than ten years removed from that and we're right back in it because NOTHING WAS FIXED, if anything we got more bullshyt outside of housing and mortgages to deal with specifically goddamn car loans and the bond markets. Don't be fooled if shyt settles a bit cause it takes time for collateral damage to hit.

 

[bigdaddy88]

I'm in my late 40's..I remember 2008 VERY WELL and seeing that '88 in your name, you're in your mid 30's so I don't know if you were affected by that bullshyt back then but I SURELY fukkING WAS.

shyt popped off in March with Bear Stearns falling the fukk over and they TRIED hard as hell to keep the shyt from buckling for at least six months until Lehman Brothers gave up the ghost in September and all hell broke loose. They even encouraged motherfukkers to keep investing in the market through that "eye of the storm" period and once Lehman gave up the goods, nikkas portfolios got NUKED. My fukking advisor at Wachovia committed suicide over that shyt..I lost over forty grand with him which is small potatoes compared to homeboy losing all his family's and wealthier clients money.

Here's the thing..it took damn near almost three years for the banking system to recover from that. You had 40+ bank failures for three years straight from 2009 to 2012.. we're a little more than ten years removed from that and we're right back in it because NOTHING WAS FIXED, if anything we got more bullshyt outside of housing and mortgages to deal with specifically goddamn car loans and the bond markets. Don't be fooled if shyt settles a bit cause it takes time for collateral damage to hit.

Yea i was in college in those days, i remember very clearly. like one my favorite economist says all the fed did is kick the proverbial can down the road..

its not surprising non mainstream economist have been repeating the same since 08. i was more so laughing at nikkas saying to print more money

 

[JNew]

The future belongs to those who can’t afford to live today…..

 

[bnew]