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(Thread IKs: skooma512)
 
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Pepe Silvia Browne
Jan 1, 2007

boi-ya-ya-ya-yoing

e: unthumbed for snipe

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HallelujahLee
May 3, 2009

there goes the first republic will there be a second republic

coelomate
Oct 21, 2020


Jim Cramer reading through the list of banks with the highest percentage of uninsured deposits

"Signature, SVB, First Republic is next, and then... uh... I don't want to read this list of names. But it's a lot of regionals."

Zeroisanumber
Oct 23, 2010

Nap Ghost

lmao!!!

Chris James 2
Aug 9, 2012


Good Soldier Svejk
Jul 5, 2010

well what's the bailout for if it's gonna bleed out anyway

SKULL.GIF
Jan 20, 2017


SCHW (Charles Schwab) halted as well.

shrike82
Jun 11, 2005

HallelujahLee
May 3, 2009

F_Shit_Fitzgerald posted:

Get ready for this infuriating line to be repeated as a shibboleth by liberals and to be scolded as a "Bernard Bro" if you call it a bailout.

nobody besides the dumbass shitlibs will believe this

Woke Mind Virus
Aug 22, 2005

buy the DIP

antipattern
Nov 8, 2019

lol if you think finance ghouls are going to suffer any material consequences for their fuckups

number go up, always

F_Shit_Fitzgerald
Feb 2, 2017



HallelujahLee posted:

nobody besides the dumbass shitlibs will believe this

No, but it's going to be dumbass shitlibs - all the usual suspects we all know - that will be pushing that line, I'd bet.

coelomate
Oct 21, 2020


SKULL.GIF posted:

SCHW (Charles Schwab) halted as well.



This eating poo poo would cause real panic. Lotta retail and stock there.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

SKULL.GIF posted:

SCHW (Charles Schwab) halted as well.

This seems pretty ridiculous as Schwab's business operations are apparently doing well and risk management seems good, but I'm not sure how it gets fixed without the pivot everyone is asking for. Have they been on the short seller target list for a while?

dads friend steve
Dec 24, 2004

comedyblissoption posted:

so the fed and treasury is saying that if you bought a low interest bond a couple years ago as a non-banker, you were a rube. a sucker. a buffoon. you could've just parked the money in a uninsured deposit without the associated fees and your bank could literally die and you would be better off.

lol yah

Chris James 2
Aug 9, 2012


https://www.youtube.com/watch?v=IOhFk7-6LuU

Dead broke, never put my money where my mouth is

HallelujahLee
May 3, 2009

F_Shit_Fitzgerald posted:

No, but it's going to be dumbass shitlibs - all the usual suspects we all know - that will be pushing that line, I'd bet.

of course they are they have nothing to offer besides scolding on twitter and crying about chuds

Homocow
Apr 24, 2007

Extremely bad poster!
DO NOT QUOTE!


Pillbug

Woke Mind Virus
Aug 22, 2005

i got schwab accounts i'm gonna do a bank run

Pepe Silvia Browne
Jan 1, 2007
Schwabbing the poop deck

triple sulk
Sep 17, 2014



coelomate posted:



This eating poo poo would cause real panic. Lotta retail and stock there.

jesus christ

Jel Shaker
Apr 19, 2003

Rectal Death Adept posted:

Buy the dip, number go up

banks have a crisis of conscience, fed lobotomizes them

Oglethorpe
Aug 8, 2005

SKULL.GIF posted:

SCHW (Charles Schwab) halted as well.

:rubby:

#8 largest US bank, $577 billion in assets

HallelujahLee
May 3, 2009

looks like charles got schwabed

SKULL.GIF
Jan 20, 2017


Eric Cantonese posted:

This seems pretty ridiculous as Schwab's business operations are apparently doing well and risk management seems good, but I'm not sure how it gets fixed without the pivot everyone is asking for. Have they been on the short seller target list for a while?

This isn't an aftereffect of everyone being spooked about bank runs. SCHW began dumping on Thursday too along with the other banks that the market recognized as risky.

Jon Irenicus
Apr 23, 2008


YO ASSHOLE

old school goldbugs must be simultaneously having a field day and also are insanely mad right now

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY
Lmao at bank stocks eating poo poo because investors are terrified they will not be made whole if a bank implodes.

Eric Cantonese
Dec 21, 2004

You should hear my accent.

SKULL.GIF posted:

This isn't an aftereffect of everyone being spooked about bank runs. SCHW began dumping on Thursday too along with the other banks that the market recognized as risky.

Woke Mind Virus posted:

i got schwab accounts i'm gonna do a bank run

I'm reading that investors have gotten spooked by some big block sale of 8.5 million shares last week by an unknown institutional investor. I wish I knew more about what was going on there.

Why is Schwab getting slaughtered and not, say, Fidelity?

Nothus
Feb 22, 2001

Buglord

https://www.youtube.com/watch?v=_asNhzXq72w

HallelujahLee
May 3, 2009

very smart economic system we got here

Koirhor
Jan 14, 2008

by Fluffdaddy
500bps rate cut immediately JAAAAAAAYY

coelomate
Oct 21, 2020


Schwab releases a statement "do not panic." Jim Cramer reads it on air. Then says "Hmm you know if you have to release a statement..."

Schwab halted. "understandable. they did need to come out with something"

One nugget read is ~80% deposits are FDIC insured (under limit). Let's find out if a falling tide and sucking money vortex sinks all boats!

SKULL.GIF
Jan 20, 2017


webcams for christ
Nov 2, 2005

Mr Hootington posted:

Lmao at bank stocks eating poo poo because investors are terrified they will not be made whole if a bank implodes.

Credit Suisse is a good preview for what that will look like:

e:

All Time:


Today (lol):

webcams for christ has issued a correction as of 14:47 on Mar 13, 2023

Nothus
Feb 22, 2001

Buglord
https://twitter.com/ZeroHedge_/status/1635275550251155464?s=20

Welp there goes my retirement savings

coelomate
Oct 21, 2020


Schwab unhalted, now down 20% today to 47.5

Death By The Blues
Oct 30, 2011
zion another pacific regional bank is eating poo poo right now too.

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY
Anyone have the cnbc live TV link?

Zeroisanumber
Oct 23, 2010

Nap Ghost
Huh. Good day to buy bank stocks I guess.

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Nodelphi
Jan 30, 2004

We are all quite capable of believing in anything as long as it's improbable.

Ham Wrangler
Rev up the wood chipper, we must sacrifice the 99% to bail us out of this mess.

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