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

[Some Dumb Faggot]

Weren't a bunch of big banks supposed to save First Republic Bank? It's shares dropped a ton today.

 

[Cpl. Long Dong Silver]

Point to where in this thread I've done that.

Your goon is showing. It's embarrassing.

I'm assuming it'll be another 2008, which having lived through that, I'm already sort of prepared for and don't have any real reason to panic. That said I feel for anybody who's going to be trying to get a house in the next few years with how things are looking atm.

Last month I was pissed I closed on my first house at 5.5. Now I'm just happy to have a home I can afford.

 

[Angry Alt Right Nerd]

I wonder when everyone will decide to stop putting retarded people in positions of power.

Unfortunately, these retarded people are the best we have to offer, because somehow they are still less retarded than everyone else.

 

[F13 Key]

Dooming is retarded, but so's doing nothing. Like any volatile time in the markets, being somewhat diversified minimizes the odds of some catastrophic system collapse leaving you selling your ass for ammo, which is still pretty unlikely to happen as of yet.

Cling to your low interest mortgage or other debts that aren't near the end of a financing term, pay down high interest cards and loans, buy some bullion, buy some recession/depression proof industry stocks, use some fuck off money to buy the dip on companies that get psyched down from FUD, keep a larger cash reserve. Basic tactics. Bank collapses might fuck up your 401Ks or other assets, but won't wipe out your debt, so low-interest debt is worth as much as gold to have right now because you can just make minimum payments while using your money to buy in if the markets go to shit. And if the apocalypse comes, your debt isn't going to matter anymore if we're all reduced to scrounging around for stale dog food.

 

[Null]

don't @ me if I'm late I need to fp this

Reddit - Dive into anything

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[F13 Key]

don't @ me if I'm late I need to fp this

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Talking about honesty after having applied so much foundation to your face with a drywall trowel that you look like an incomplete 3D model, then talking about resilience after Credit Suisse falls flat on its face due to FUD. Clown World: The Movie. Coming this spring to a bank near you.

 

[S.C.U.D.]

don't @ me if I'm late I need to fp this

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Many will point to this retarded troon with his shitty wig as THE reason Credit Suisse went under, while many troon defenders will "uhm akshually, the company was far too large for this one hire to really have an impact on their business" but the real truth is that while this troon was not the sole reason the company went bankrupt, his presence is a big red glowing indicator of a culture of poor decision-making. Much like that daily avocado toast isn't the only thing stopping retarded millennials from buying a house, but it is indicative of the larger problem of them not being able to spend money wisely, this is proof that Credit Suisse was retarded from the top down and this was one of what we know to be hundreds, maybe even billions of poor decisions that all chipped away at the company until what happened, happened.

But, there is an unfortunate downside, or an upside if you're the right (or wrong) person. Much like modern NASCAR drivers no longer fear accidents due to how safe the cars are, banks and other financial institutions often don't fear going under because they know they'll get bailed out and escape all consequences. When you know you can get in this kind of accident and walk away unscathed, you're predisposed to take bigger risks, knowing the penalty for fucking up isn't death or even injury. Banks are the same way these days.

What should we do about it? I don't know. The justification behind these retarded bailouts is it prevents another global depression like the 1930s, but is that real? I don't know shit. I'm just here to explain a possible reason why these mega-companies are making nonstop retarded decisions.

 

[JamusActimus]

Many will point to this retarded troon with his shitty wig as THE reason Credit Suisse went under, while many troon defenders will "uhm akshually, the company was far too large for this one hire to really have an impact on their business" but the real truth is that while this troon was not the sole reason the company went bankrupt, his presence is a big red glowing indicator of a culture of poor decision-making. Much like that daily avocado toast isn't the only thing stopping retarded millennials from buying a house, but it is indicative of the larger problem of them not being able to spend money wisely, this is proof that Credit Suisse was retarded from the top down and this was one of what we know to be hundreds, maybe even billions of poor decisions that all chipped away at the company until what happened, happened.

But, there is an unfortunate downside, or an upside if you're the right (or wrong) person. Much like modern NASCAR drivers no longer fear accidents due to how safe the cars are, banks and other financial institutions often don't fear going under because they know they'll get bailed out and escape all consequences. When you know you can get in this kind of accident and walk away unscathed, you're predisposed to take bigger risks, knowing the penalty for fucking up isn't death or even injury. Banks are the same way these days.

What should we do about it? I don't know. The justification behind these retarded bailouts is it prevents another global depression like the 1930s, but is that real? I don't know shit. I'm just here to explain a possible reason why these mega-companies are making nonstop retarded decisions.

Bunce is a senior director at Credit Suisse, serving as the Head of Global Markets Core Engineering Strategic Programs.[1][2] They also serve as Co-Chair of Credit Suisse's LGBT Ally Program, organizing diversity and inclusion activities and producing educational resources on LGBT inclusivity in the workplace.[3]

The tranny being in a position of power is already bad enough but creating a LGBT Ally Programs really shows the state of decay of CS.

 

[Jacknife]

don't @ me if I'm late I need to fp this

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Why tf is that subreddit still allowed to be so based?

 

[Null]

Why tf is that subreddit still allowed to be so based?

Don't say a fucking word.

 

[Cpt. Stud Beefpile]

I liquidated pretty much everything I had, took a bit of a hit selling when I did but fuck it, I'm using the funds to wipe out my mortgage. Whatever happens I will at least have a roof over my head thats mine. If there is a market bloodbath and recession I'll slowly buy back in with the spare cash I'll have from not having to make a monthly mortgage payment.

That's one of the few genuinely GOOD IDEAS I've seen on this entire motherfucking thread.

 

[teriyakiburns]

don't @ me if I'm late I need to fp this

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Fucking Questor Tapes looking motherfucker.

 

[Meat Target]

LOOK AT THEM
LOOK AT THEM AND LAUGH

 

[Kier Starmer]

How the fuck can you be that retarded?!

 

[Meat Target]

You get a bailout, and YOU get a bailout, EVERYBODY gets a bailout!



Ahh, "emergency powers", their favorite cheat code for unilaterally enacting their agenda without a vote.

 

[Kier Starmer]

This in no way and I mean NO WAY will blow up in their faces. I am super duper sure. It's almost like they don't learn.

 

[Cpl. Long Dong Silver]

Money printer goes brrrrrrr

 

[Terrifik]

https://twitter.com/gurgavin/status/1638185586560319490

Got to love it

 

[Secret Asshole]

No. If the bank goes tits up someone ends up with your credit card debt (it’s a bank asset) and they will collect eventually

In the old days some small banks going fuckfuck would result in some loans being lost. This is very rare now.

Yeah, it is totally fair that the fuckshit bank you trusted failed and you lost everything, but some cunt can buy your loan for a fraction of the price and nothing with you is renegotiated, even though the loan changed hands and the lender is completely different.

Also I can't pull any money out anyway. Most people can't because all of us are too fucking poor. Honestly, when I get a new job and start earning, I'm just going to put my savings in Jimbo's community bank where he only invests in livestock, defense contractors, gold, silver and oil.

What should we do about it? I don't know. The justification behind these retarded bailouts is it prevents another global depression like the 1930s, but is that real? I don't know shit. I'm just here to explain a possible reason why these mega-companies are making nonstop retarded decisions.

You have to let it die. They're not getting punished for it. Credit Suisse offloaded their fucking RETARDED decisions to their most responsible customers, bond holders. The deal the Swiss did is actually unprecedented, since it offloaded loss from the shareholders, who should take the primary brunt of it for their fucking retarded decision making.

17 billion in bonds, wiped out in one second.

LOOK AT THEM
LOOK AT THEM AND LAUGH

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You know, when this happens in China it at least shoots their fuck-up bankers in the face and tosses them out the window and kills their entire family to destroy any sort of generational wealth, eliminating these fuck-ups from the gene pool. And no, being a member of the CCP will not save you either, as everyone in their business sector is a member of the CCP.

You get a bailout, and YOU get a bailout, EVERYBODY gets a bailout!

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Ahh, "emergency powers", their favorite cheat code for unilaterally enacting their agenda without a vote.

Predictable. Here's what's going to happen:

> Feds freeze interest rate hikes, thereby worsening inflation
> Feds print money to bail out banks, worsening inflation
> Lets Inflation get sorted out by the second mechanism of inflation: Mass Unemployment

Yeah, this system is totally good and fair.

 

[CaptainAutism69]

Credit Suisse offloaded their fucking RETARDED decisions to their most responsible customers, bond holders. The deal the Swiss did is actually unprecedented, since it offloaded loss from the shareholders, who should take the primary brunt of it for their fucking retarded decision making.

Spot on. Shares are supposed to be riskier than bonds, not the other way around.