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

Meat Target said:
Don't call it a bailout, it's "providing liquidity".

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Hey, remember Credit Default Swaps? If you've read or seen The Big Short, you probably just shat a brick.

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If I was a depositor at CS I would be noping out right now. If they don't have liquidity problems yet they will now. Last person to the exit gets to hold the bag!
 
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Socrates said:
Wonder how big the bricks Biden and Co are shitting over this right now. They've got to keep the lid on this particular bomb for another year and a half if they want to stand a chance at reelection. Good fucking luck with that, they might hold things off for a few months, but beyond that? Lmao.
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You give common man too much credit and the election riggers too little.

Crash the economy now, 12 months of pain, 6 months of jingling shiny keys and Biden wins re-election in a landslide. Remember, he has created more jobs than any time in American history, has the bestest, fasterest growingest ecomony in history of the solar system and is more popular than all the other leaders in the history of the galaxy.

goldfished-brained coomers, dickless trannies and fart-huffing faux-intellectuals will fall over one another to proclaim how Biden saved everyone from an economic disaster. Unlike literally hitler trump who would have killed everyone and taken their money.
 
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Bog-standard Poster said:
goldfished-brained coomers, dickless trannies and fart-huffing faux-intellectuals will fall over one another to proclaim how Biden saved everyone from an economic disaster. Unlike literally hitler trump who would have killed everyone and taken their money.
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One problem though, those groups are going to be amomg the first rankings of proles to get steamrollered by sudden financial insolvency due to how their lives are floated by debtmaxxing and lack of foresight.
 
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Enig said:
One problem though, those groups are going to be amomg the first rankings of proles to get steamrollered by sudden financial insolvency due to how their lives are floated by debtmaxxing and lack of foresight.
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In Eastern Europe there is a sentiment which I quite like:

"When the western world panics over financial ruin and the banking collapse like in 2008, we sit back and laugh. For us, who live in poverty, every day is financial ruin and everyday is a banking collapse, we have no need to panic"

That's what will happen to groups you mention. They have nothing, are eternally skint, live off of the government and handouts. Their lives won't change one iota because those people never shoulder the burden of hardship or recovery, ever.
 
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Stoneheart said:
Best case is that the bomb will go booom at market closing on fryday(without intervention). but thats the best case, the chain is rapidly breaking with some counter parties not giving out new CS CDSs. That means the whole system is minutes away from breaking and everyone is looking at swiss regulators right now, if they fail to calm the situation ECB and FED have to act this night or the stockexchanges dont even have to open up tomorrow because they will be stopped out as fast as possible.
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One wonders how our 'Leaders' will spin this.

People are starting to see through this crap show and won't believe the narrative for much longer.
 
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I don’t post on Twitter, but I do read some. And I don’t know if it’s just the accounts I follow but people are more worked up than I’ve seen them in years. Maybe since 2020 riots? Incredible tension. Accounts that usually seem pretty reasonable are erratic and lashing out.

Weird vibes, no idea what it means.
 
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ahahaha the remains of SVB scheduled some ztupid zoom call to explain why they're totes fine now. and just sent an email:

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what a shit show
 
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mindlessobserver said:
Credit suise has half a trillion dollars in assets and another 1.7 trillion dollars under management.

For context, the AIG bailout back in the 08 crash was 182 billion dollars. By my rough calculations, bailing out Credit Suisse would require around 13 times more money then one of the largest bailouts in US history. Its no wonder the European Central Bank isn't returning their calls. They probably want to eat a bullet right now.
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Given that Credit Suisse has long been on the Feds and Interpols radar for money laundering for drug cartels and authoritarian regimes they probably will "eat a bullet". You do not lose a Trillion in Cartel and Al Queada money. Or the Saud's savings (same thing)
 
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It only took one tweet for the western world to run out of toilet paper. Many people said that was a psyop and a test, many people were called conspiracy theorists.

Then we saw shortages on food, baby formula, fresh-produce and fuel, all because of social media panic. It will only take one tweet for the same masses to panic and withdraw their money.

We are one social media post away from every bank collapsing. Let that sink in.
 
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Bog-standard Poster said:
It only took one tweet for the western world to run out of toilet paper. Many people said that was a psyop and a test, many people were called conspiracy theorists.

Then we saw shortages on food, baby formula, fresh-produce and fuel, all because of social media panic. It will only take one tweet for the same masses to panic and withdraw their money.

We are one social media post away from every bank collapsing. Let that sink in.
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The TP thing was the perfect psy-op, because it's something absolutely everyone, everyone, from all walks of life, relies on. It was incredible how well it worked, too.
 
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Bog-standard Poster said:
It only took one tweet for the western world to run out of toilet paper. Many people said that was a psyop and a test, many people were called conspiracy theorists.

Then we saw shortages on food, baby formula, fresh-produce and fuel, all because of social media panic. It will only take one tweet for the same masses to panic and withdraw their money.

We are one social media post away from every bank collapsing. Let that sink in.
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Don't do it Elon!
 
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Can someone explain what’s actually happening to CS? I’ve read this entire thread and never saw an explanation as to why they just shit the bed so suddenly.
 
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