Bank Run Watch 2023 after Silicon Valley Bank shutdown - Over 97% of SVB's assets were not FDIC insured

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Feline Supremacist said:
The bank failure itself is not the problem (HSBC owns SVB now), its how it affects everything else. What 2008 perfectly demonstrated was Lehman and Bear-Stearn's subprime market backed securities crash affected everything else, and by the time Obongo finally took over Sallie Mae until it was straightened out, the damage had been done.
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HSBC bought SVB's UK business, not the entire thing
 
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Penis said:
I busted ass to get into the industry I did and got an email this weekend that my company used SVB as their primary bank. I just wanted to be able to afford a house mf.
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assuming you actually live near silicon valley and your company isn't trying to be "cool" by banking with SVB, you're getting everything you deserve for being a techie and a californian
 
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MarvinTheParanoidAndroid said:
Your assessment is entirely wrong. I just learned what happened and no, this will undoubtedly have a major domino effect.

What occurred with Silicon Valley Bank is they couldn't meet their financial obligations due to the Fed rate hike, so they started liquidating assets and their shareholders found out about it, causing them to pull out of the company, which created the effect of shorting SVB's worth and crashing their financial liquidity.

The Fed has created a catch 22 situation in that it lent out money on the cheap so banks could comb over their bad investments infinitely, but now due to inflation relating to Covid-19, it has to raise the interest rate to prevent the dollar from over-inflating, which causes banks to fall behind on their fiduciary duties because they're bad at making profitable loans.

This shorting of SVB is calling the liquidity of other banks into question, which is causing runs on them as well. Your money is not in safe hands.

This is steering to become a bigger fall than the 2008 financial crisis. Only major banks will survive, and they'll be coerced into accepting CBDC, which means all of society will be.

Every nation on Earth overprinted money to deal with Covid-19, and likely this was all intentional and planned ahead of time, think WEF shenanigans. It's not a coincidence that nearly every government was already looking into CBDCs ahead of this oncoming crises.

Everyone needs to start doing what the banks are doing worldwide and buy gold and silver bullion. Precious metals are fast becoming the only safe investment.
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Checkmate conservitard bigot, the AI president and the media Jew said everything is completely fine and there's nothing to worry about other than hwite domestic terrorists.
It's all hunky dory! Banks just randomly close all the time and it's actually Trump's fault.
 
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Bog-standard Poster said:
Honest question.

If you are concerned that your bank may go under, why wouldn't you play it safe and withdraw all of your money (or most of it)? If nothing happens you can just put it back in, right?
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Because that's

1. Racist
2. Homophobic
And most importantly 3. Antisemitic, Oy Vey!
 
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