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

AN/ALR56 said:
It's still scary that a western power had to threaten them to take the fall for this.
They got harassed last year over russian assets and were pressured to give military aid/join Nato.
Kinda reminds me how in WW2 the us airforce kept "accidentally bombing" swiss towns near the german border until the swiss finally cut relations in late 1944.
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I mean, if you want to be part of global capatalisim, you play ball with the CIA or the CIA plays ball with your head. At least, that's the way it used to be. Nowadays its basically keeping the West in line. Imagine how much blackmail the CIA has on its 'friends' over its enemies. Yeah, there's literally no choice.
mindlessobserver said:
Who would WANT to keep money in Credit Suisse right now? What sort of possible incentive could they offer to prevent capital flight? The only way to stop it would be the "offer you can't refuse", but that won't do jack shit to restore confidence in the market.
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Well, like I said, you could do what China does and quite literally burst into bank HQs and put pistols to banker's heads and start popping skulls if they start trading. You can also 'disappear' bankers who fuck up and all of a sudden their assets are state assets and them and their family are gone.

Frankly, I'm seeing China's way as the better way. If you want to be rich, you best not fuck up. If you fuck up, you die.
macrodegenerate said:
So the nyse isn't letting CS sell below $2.16. it's halting trading right when it hits it.

CS will not be allowed to go red today. Watch their credit default swaps instead.
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!00% everyone at CS is calling the entire Earth to dump its toxic portfolio. Its like an Indian Call center right now "I HAVE GREAT OPPORTUNITY, JUST NEED YOUR CREDIT CARD NUMBER"
 
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Secret Asshole said:
Well, like I said, you could do what China does and quite literally burst into bank HQs and put pistols to banker's heads and start popping skulls if they start trading. You can also 'disappear' bankers who fuck up and all of a sudden their assets are state assets and them and their family are gone.

Frankly, I'm seeing China's way as the better way. If you want to be rich, you best not fuck up. If you fuck up, you die.
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The way China pulled in Ant group is something that just fucking worked, and when Evergrande shat the bed, the CEO was stripped raw, instead of being allowed to keep his assets and retire somewhere nice. Yea, China's way seems to be the way to do things...
 
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CaptainAutism69 said:
The way China pulled in Ant group is something that just fucking worked, and when Evergrande shat the bed, the CEO was stripped raw, instead of being allowed to keep his assets and retire somewhere nice. Yea, China's way seems to be the way to do things...
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If there's any virtue that Commies have, it's that they don't use kid-gloves against anyone who pisses them off. In their societies, if you fuck around, you WILL find out.
 
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Can somebody please explain to me what the freaking bond market is doing right now? Its all over the place with massive swings and countries that normaly move the same direction broke their bonds.
 
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Stoneheart said:
Can somebody please explain to me what the freaking bond market is doing right now? Its all over the place with massive swings and countries that normaly move the same direction broke their bonds.
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Price discovery, reallocation of investments and general volatility
 
They could do what China does and plant some guys with guns to scare us people from getting their money.
 
Some Dumb Faggot said:
They could do what China does and plant some guys with guns to scare us people from getting their money.
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It won't be the rich or wealthy that are scared into not withdrawing their money and they won't be as aggresive or overt to use guns.

psychological warfare will be used to talk you into not worrying about taking money out. "Why risk it? why get mugged, why bother your arse to do it?" is what they will say.

We are at February 2020 levels of "covid isn't an issue". A month later the world went into lockdown.

I can't get my money out for another month and there's a good chance i'm going to get bummed, but for the sake of other kiwis, play it safe, draw your money out.
 
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AnonymousKot said:
CS got bailed out so the market is fucked rn since its using money printed straight out of thin air
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I know, but its still acting very strange...

CaptainAutism69 said:
Price discovery, reallocation of investments and general volatility
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Im pretty sure its more... you normaly dont see such massive swings around the world... im not sure if this is a sign for more bank runs or not and its scary.
 
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Here's an accurate picture of how the Western banking world feels right.
Backfire-OW.png
 
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What the bankers learned in 2008 is that if you make risky bets with a large enough pile of money, the US federal government will backstop your losses, ensure you can pay out your executive bonuses, and keep your depositors whole. You can even fabricate documents and break a raft of laws, and as long as you bribe the right politicians, you won't even get in trouble. It's the entire rest of the world that will get fucked, not you, personally. I guess 2023 is when we test whether or not that was a one-off or a permanent rule (it's a permanent rule).
 
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Stoneheart said:
I know, but its still acting very strange...


Im pretty sure its more... you normaly dont see such massive swings around the world... im not sure if this is a sign for more bank runs or not and its scary.
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Well, it might be that investors and companies are trying to either get their cash out since 4 banks got fucked by interest rates and bad investments, that and maybe the inside traders might be trying to pull out all at the same time
 
AnonymousKot said:
Well, it might be that investors and companies are trying to either get their cash out since 4 banks got fucked by interest rates and bad investments, that and maybe the inside traders might be trying to pull out all at the same time
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yeah but that would imply massive bankruns across the world. it also doesnt explain why some countries like greece have massiv swings in both direction across their bonds.
Greece has massive swings between 1 month and 6 month bonds with one beeing up and the other beeig down more than 20%
 
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Stoneheart said:
yeah but that would imply massive bankruns across the world. it also doesnt explain why some countries like greece have massiv swings in both direction across their bonds.
Greece has massive swings between 1 month and 6 month bonds with one beeing up and the other beeig down more than 20%
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Did you look at the Greek economy anytime in the last 10 years. They are high yielding, but high risk bonds since Greece is fucked and has a higher rate of default.
Then there was the ecb hikes yesterday of 50 bps which is sure as hell going to effect short term bonds.
 
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