- Joined
- Aug 15, 2016
Here’s hoping SVB’s demise is like Lehman Brothers collapsing in 2008. Lehman going tits up was the moment people stopped being in denial and accepted that shit was getting real.
Global Depression 2022 - Time to do the Breadline Boogaloo!
- Thread starter contradiction of terns
- Start date
- Joined
- Jan 15, 2019
Too bad nobody really did anything about it.
Laughter1145
kiwifarms.net
- Joined
- Mar 10, 2023
This time tho who will suffer the most? Lehmann Brothers fucked up the poor people who had little idea in investment/personal finance. This time only the silicon valley elites, techbros?
- Joined
- Aug 12, 2022
- Joined
- Apr 21, 2013
What Did These 3 SVB Execs Know? | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
- Joined
- Jul 6, 2021
- Joined
- Dec 21, 2018
This is why you should hold physical assets with actual worth.
- Joined
- May 22, 2019
Depends on if bailouts come. The donor classes will want it, but the plebs are going to be livid if there's another 2008-level rescue while they're clinging to the edge for dear life. Fuck the banks is one of the few things you could rally bipartisan support with. A new Occupy would look less like Woodstock and more like CHAZ. It's going to be a calculation of elite favor trading vs. general political viability, with international conflict as a wild card.
- Joined
- Jun 26, 2021
SVB had been insolvent for quite some time and most of the internal people knew that, hence those moves two weeks before they crashed. Michael Burry (an lolcow in his own right) is talking about this being another Enron but that’s debatable giving all of the MANY other large scale “financial institutions” soon to meet this same fate.
What’s going to be entertaining to watch is how the feds react to this and the many other “banks” that will soon follow the same path. Will they decide to bail them out and add more fuel to the inflation fire? Or will they let these banks crash and burn and let the clowns that invested with them take a 4x4 straight up the asshole? Either way there are going to be a lot of overpaid robots out on the street soon begging for a handout that can’t afford their overleveraged lifestyles and I can’t wait.
That SVB didn’t have a risk officer for a long time and then when they did hire one it was some DEI bums is amazing. This will be a real “how do we spin this” moment for ALL of the cuccs, bums, and chucklefuccs that cheered on and embraced all of the DEI / “trans women are real women” / safe space lunacy during Trump and definitely after the Crackups at the Race Riots during the Summer of Floyd 2020. Seeing bums like Mark Zuckerberg having to explain why 75% of his firings were trannies, Agile Coaches, and insanely overpaid DEI officers while retaining others will be the chefs kiss on this overdue bill coming due and getting paid.
What’s going to be entertaining to watch is how the feds react to this and the many other “banks” that will soon follow the same path. Will they decide to bail them out and add more fuel to the inflation fire? Or will they let these banks crash and burn and let the clowns that invested with them take a 4x4 straight up the asshole? Either way there are going to be a lot of overpaid robots out on the street soon begging for a handout that can’t afford their overleveraged lifestyles and I can’t wait.
That SVB didn’t have a risk officer for a long time and then when they did hire one it was some DEI bums is amazing. This will be a real “how do we spin this” moment for ALL of the cuccs, bums, and chucklefuccs that cheered on and embraced all of the DEI / “trans women are real women” / safe space lunacy during Trump and definitely after the Crackups at the Race Riots during the Summer of Floyd 2020. Seeing bums like Mark Zuckerberg having to explain why 75% of his firings were trannies, Agile Coaches, and insanely overpaid DEI officers while retaining others will be the chefs kiss on this overdue bill coming due and getting paid.
- Joined
- Mar 29, 2021
- Joined
- Jul 3, 2019
So realistically on a scale of one to fucked. How bad is this? I don't mean to see me ignorant, it's just all news related to the silicon valley Bank collapse scenes. Intentionally confused
- Joined
- Nov 16, 2022
We won't know until we see how much it spreads. Jim Cramer said JPM is solid as fuck so I'm guessing we are fucked.
Giga Sperg
kiwifarms.net
- Joined
- May 28, 2020
- Joined
- Jun 26, 2021
Jim Cramer was also pumping SVB when anyone with any sense knew they were insolvent and going down in flames so the Inverse Cramer curse continues. We better all pray the rosary Jamie Dimon was just dooming when he said things were about to get “really bad” a few months ago because it looks like we are about to see the bill for the past 20 years of zero interest “growth” and Chyna Virus Chicanery (Fed leaving the interest rate too low for too long, stimmy checks, stay home unemployment, PPP “loans”) coming due at once. Good thing we have the Biden Braintrust in charge.
You’re going to see consumer confidence crash hard and things go from “this might be bad but not terrible” to “we didn’t know how good we had it” prior to the Plandemic and lots of people going on the dole. We might even see people show up armed to the Capitol this time and fill pants shitting Nadler with more than just pudding!
If you thought inflation was bad now it’s about to get much, much, much worse and the fed will continue raising rates. They bail out these banks but absolutely crush the global economy doing so and leave all of us eating the shit sandwich.
The only positive to this is all of the copium in the world won’t save SillyCon Valley “investors”, Realtors, Bitcoin Maximists, and other hucksters from ending up literally sucking dicks at the Flying J to eat at Denny’s.
- Joined
- Feb 28, 2019
They have a meeting Monday to talk about what the fuck to do. Sounds like they might be considering giving the banks a special not-for-the-plebs interest rate.
- Joined
- Sep 22, 2019
Lmao funny money printer go brrrr.
Yellen says they don´t want a bailout in case of it once a again spurring a moral hazard. But we´ll see on monday if that will hold
- Joined
- Nov 16, 2022
It will be a ''not a bailout'' or NOB for short
- Joined
- Feb 8, 2023
Question for bidness bros
Considering discussion about the possibility of the US gov wanting to make a central crypto currency, wouldn't this crash knocking down some big players disincentivize a bailout and give the gov more sway in the argument for centralized crypto?
List of Crypto Companies affected by the Silicon Valley Bank crash - TechStory
Various companies affected by the crash of the prominent crypto bank. BlockFi, Circle, Avalanche, Yuga Labs, and Proof are among the crypto names that had exposure to now-shuttered Silicon Valley Bank.
techstory.in
- Joined
- Feb 28, 2019