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*rocking back and forth in an asylum with pictures of jpow drawn in crayon on the walls* one something’s got to give two something’s got to give three something’s got to give
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Mar 13, 2023 00:19
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another bank goes down, all depositors protected..... it's all going according to Plan
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Mar 13, 2023 00:19
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so FDIC is now effectively unlimited? lol i wonder if NCUA would get the same deal
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Mar 13, 2023 00:20
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loving corrupt motherfuckers holding up a loving corrupt system
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Mar 13, 2023 00:20
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SourKraut posted:loving corrupt motherfuckers holding up a loving corrupt system
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Mar 13, 2023 00:21
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Lmao wolfers won't, but it would be funny if this pilled him in some way. https://twitter.com/JustinWolfers/status/1635057972652171265?t=tiBm76B4GD8DWf6wwiA1Ig&s=19
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Mar 13, 2023 00:22
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Wraith of J.O.I. posted:so FDIC is now effectively unlimited? Oh man if credit unions started blowing up then I would for real become Worried.
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Mar 13, 2023 00:23
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i guess we'd be in a very different world if Dick Fuld were loud on twitter fifteen years ago
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Mar 13, 2023 00:23
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Nonsense posted:Monday is going to be amazing the last of us season finale tonight, looks like season 2 starting immediately tomorrow morning BLOOD
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Mar 13, 2023 00:25
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thank GOD roku will get all their deposited $$$ deposits $$$ back, seeing what happens to my roku TV if they go under gets delayed further jerome you are invited to come over to watch the oscars bro
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Mar 13, 2023 00:26
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At least the bank shareholders will be wiped out
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Mar 13, 2023 00:26
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The entire finance mediasphere is calling it a bailout https://twitter.com/FerroTV/status/1635059594014900225?t=limhbYBNJpwQyqcCzxYxKw&s=19
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Mar 13, 2023 00:26
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Mr Hootington posted:The entire finance mediasphere is calling it a bailout "full speed ahead on rate hikes" 
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Mar 13, 2023 00:27
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Wraith of J.O.I. posted:thank GOD roku will get all their deposited $$$ deposits $$$ back, seeing what happens to my roku TV if they go under gets delayed further 
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Mar 13, 2023 00:28
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Mar 13, 2023 00:28
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signatures off
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Mar 13, 2023 00:28
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Mar 13, 2023 00:28
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SKULL.GIF posted:"full speed ahead on rate hikes" All that does is crush "consumers". The liquidity that needs to be drained is completely backstopped by the Fed and Treasury now. It is insanity.
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Mar 13, 2023 00:29
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coelomate posted:anyway now that jpow has bailed out three banks that blew up because (checks notes) jpow jacked up rates, how do you think that will impact (checks notes) jpow's willingness to continue raising rates at the next meeting in (checks notes) 10 days? i think rate hikes are dead. the question is how long they'll maintain current rates
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Mar 13, 2023 00:29
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funny stuff, good content. best weekend content in a long time.
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Mar 13, 2023 00:29
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So like why shouldn't a bank just make the riskiest bet possible and over leverage has hard as possible?
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Mar 13, 2023 00:29
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Let's do some math! You're a bank (nice!) and you bought $1,000 worth of 20-year treasuries in August 2020, and it paid ~1% interest ($10 per year) The 20-year treasury now pays ~4% interest, and that makes your old one paying only 1% worth much less. That 3% rise in interest rate caused your bond to drop to $630 in face value (I plugged it into a bond calculator, math checks out) You stashed it in your "HOLD TO MATURITY" portfolio and hoped you didn't need to sell. Uh oh depositors bank ran you and you almost needed to sell! FED STEPS IN and now promises it will lend you $1,000 for your "$1,000 bond" that is now actually only worth $630 in the market. Nice... coelomate has issued a correction as of 00:32 on Mar 13, 2023 |
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Mar 13, 2023 00:30
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SKULL.GIF posted:As that ZH chart shows, Wells Fargo is my bet for the first Big 4 bank to pop like a balloon. if wells fargo goes pop, that's gunna be insane since every public agency and like 80% of small to med-size businesses use them like straight up entire death of america
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Mar 13, 2023 00:30
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spacemang_spliff posted:So like why shouldn't a bank just make the riskiest bet possible and over leverage has hard as possible? ✋ This isn't the time for lectures on "moral hazard".
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Mar 13, 2023 00:30
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spacemang_spliff posted:So like why shouldn't a bank just make the riskiest bet possible and over leverage has hard as possible? check back in a year lol
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Mar 13, 2023 00:30
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Nothing matters
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Mar 13, 2023 00:30
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spacemang_spliff posted:So like why shouldn't a bank just make the riskiest bet possible and over leverage has hard as possible? good question, moving on
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Mar 13, 2023 00:30
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lmao KISMET beautiful we love to see it folks
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Mar 13, 2023 00:31
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Yellen ok’d this all because ol’ gently caress buddy Summers told her she needed to.
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Mar 13, 2023 00:31
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coelomate posted:Let's do some math! Yep. It is a huge backdoor bailout. This is just going to exacerbate the problems.
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Mar 13, 2023 00:31
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Burry is seething. He's just like us.
SKULL.GIF has issued a correction as of 00:36 on Mar 13, 2023 |
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Mar 13, 2023 00:32
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maybe i'll still get those interviews now
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Mar 13, 2023 00:32
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SKULL.GIF posted:"full speed ahead on rate hikes" there's no way they're going to be doing a 50 bp hike now, that would be insanity
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Mar 13, 2023 00:32
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spacemang_spliff posted:So like why shouldn't a bank just make the riskiest bet possible and over leverage has hard as possible? it’s a moral hazard!!!
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Mar 13, 2023 00:32
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SKULL.GIF posted:Oh man if credit unions started blowing up then I would for real become Worried.
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Mar 13, 2023 00:32
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Xaris posted:i think rate hikes are dead. the question is how long they'll maintain current rates Even if the rate doesn't drop the markets will be ecstatic at no more hikes.
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Mar 13, 2023 00:32
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lol this is all so stupid why even have money it's all fake as poo poo my d&d characters experience points are more real lmao
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Mar 13, 2023 00:32
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SKULL.GIF posted:✋ This isn't the time for lectures on "moral hazard". [Non-Doomsday Economics] ✋ This isn't the time for lectures on "moral hazard".
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Mar 13, 2023 00:33
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Vox Nihili posted:there's no way they're going to be doing a 50 bp hike now, that would be insanity 75 basis point drop, calling it
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Mar 13, 2023 00:33
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