FDIC shuts down Silicon Valley Bank, crash incoming? Update: 2nd bank, Signature Bank in NY closed
- Thread starter Paper Boi
- Start date
material weaknesses aka "We dun goofed"
Congress Was Told Deregulating Banks Increased Crisis Risks. They Did It Anyway.
A bill that Democrats supported and Trump signed into law in 2018 weakened regulations on entities like Silicon Valley Bank, whose collapse set off fears of another financial crisis.
Leave it to Congress to cause all these crisis then hide their hands.
Cakebatter
All Star
So they are are bailing out depositors of Signature Bank. So will the Treasury bailout Coinbase too, if they go under? Signature and Coinbase have a similar amount of assets.
ORDER_66
I am The Wrench in all your plans....
coinbase is dedicated to crypto so no...
the american govt hates crypto above all else...
It's really an amazing setup these Banks have created for themselves. They're basically playing with house (our) money.
They take our deposit, loan out 10x the amount and make tons off of the interest.
Then take a good bit to the Investment Casino. Where when they win, they WIN Big and keep all the profits.
When they lose, it's just house money (our deposit). They still keep all their money, bonuses and kickbacks.
They get fussed at a little bit, then get bailed out, just so they can go back to the casino.
They can't lose. Just Wow.
They take our deposit, loan out 10x the amount and make tons off of the interest.
Then take a good bit to the Investment Casino. Where when they win, they WIN Big and keep all the profits.
When they lose, it's just house money (our deposit). They still keep all their money, bonuses and kickbacks.
They get fussed at a little bit, then get bailed out, just so they can go back to the casino.
They can't lose. Just Wow.
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"turkey is on sale, so are cigarettes? They're both smoked."
the bossman
Superstar
Even KPMG did an audit on their books just last week on SVB and saw no problems. They all full of shytTrue or not, LOL @ Moody's, you were there the whole time
the bossman
Superstar
Oh wow, look at this. The market has gained today and everything is stabilized 
, stop letting these twitter weirdos scare you.
, stop letting these twitter weirdos scare you.
bigdaddy88
The King Of Power
it looks like these big banks might eat up these little banks..huh ohhh
Cakebatter
All Star
I think any institutions deemed too big to fail should either be broken up or nationalized.
Damntrump got so much he wanted done
a number of republican congresspersons have already come out to say we don't need more regulation and before you say he had 51 votes before the midterms, kyrsten sinema voted to repeal dodd-frank and manchin would have likely sided with her too.
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