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(Thread IKs: skooma512)
 
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Pepe Silvia Browne
Jan 1, 2007
"no of course it's not normal to pay $8 for a loaf of bread but that doesn't mean the economy is in the toilet or that wages need to go up or anything. it doesn't mean anything. don't think about it. shut up"

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gradenko_2000
Oct 5, 2010

HELL SERPENT
Lipstick Apathy

Mayopolous Pete

SKULL.GIF
Jan 20, 2017


Zeroisanumber posted:

Literally zero reason for this other than dumb animal panic lol

Well Brandon said that investors wouldn't be protected, only depositors. So all the investors are dumping bank stocks. That honestly seems pretty sensible as a reason.

lumpentroll
Mar 4, 2020

Mr Hootington posted:

There are actual real problems within the economy and finance world, but sure why not make something up and work ourselves into a panic over that. Lol

you have no power anymore

triple sulk
Sep 17, 2014



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

webcams for christ
Nov 2, 2005

this is good for bitcoin

Zeroisanumber
Oct 23, 2010

Nap Ghost

gradenko_2000 posted:

Mayopolous Pete

"Here I go bankin' again!"

Pepe Silvia Browne
Jan 1, 2007

lumpentroll posted:

you have no power anymore

good call,
mods, could be we get Hootington made IK again for the new thread?

Marx Headroom
May 10, 2007

AT LAST! A show with nonono commercials!
Fallen Rib


emotionally? Yes

SKULL.GIF
Jan 20, 2017


FRC on halt #11.

coelomate
Oct 21, 2020


Buffer posted:

Does the FDIC have the cash to backstop 3 more banks to 100%?

Sadly, yes. Before EMERGENCY POWERS that had > 250 bil on hand, and plugging the hole in one of these banks like SVB is only gonna be 10-20 if they had to use that cash (which they sorta don't, because EMERGENCY POWERS and hand wavy lending... stuff)

Hockenheim
Oct 20, 2022

by VG

coelomate
Oct 21, 2020



BLOOD

forkboy84
Jun 13, 2012

Corgis love bread. And Puro


Mr Hootington posted:

There are actual real problems within the economy and finance world, but sure why not make something up and work ourselves into a panic over that. Lol

Most efficient and rational way of managing the economy :thunk:

euphronius
Feb 18, 2009

what if there was one bank that lent money pursuant to democratic policy determined by a disciplined party

CRAZY KNUCKLES FAN
Aug 12, 2022

by Fluffdaddy
What the gently caress is happening to FRC?

19 o'clock
Sep 9, 2004

Excelsior!!!

https://i.imgur.com/yiiTZpU.mp4

coelomate
Oct 21, 2020


euphronius posted:

what if there was one bank that lent money pursuant to democratic policy determined by a disciplined party

ngl sounds boring

Justin Tyme
Feb 22, 2011


wherever this dude on cnbc is being interviewed from sounds like a dang casino in the background, like when traders make a trade it makes a slot machine jingle

TeenageArchipelago
Jul 23, 2013


coelomate
Oct 21, 2020


CRAZY KNUCKLES FAN posted:

What the gently caress is happening to FRC?

the invisible hand of the free market has decided a bank run would be disastrous and so is trying to cause a bank run

SKULL.GIF
Jan 20, 2017


CRAZY KNUCKLES FAN posted:

What the gently caress is happening to FRC?

Depositors are secured, but investors aren't. Do you wanna hold FRC shares if there's a chance FRC is going to explode? No.

spacemang_spliff
Nov 29, 2014

wide pickle

Apraxin
Feb 22, 2006

General-Admiral

Buffer posted:

lots of reasons for the market to bleed
but none are why blood
upsetting!
the market hurt itself in its confusion

fanfic insert
Nov 4, 2009

Wraith of J.O.I.
Jan 25, 2012


this is all so stupid lol none of this had to happen, gj silicon valley dumbasses

forkboy84
Jun 13, 2012

Corgis love bread. And Puro


Justin Tyme posted:

wherever this dude on cnbc is being interviewed from sounds like a dang casino in the background, like when traders make a trade it makes a slot machine jingle

That's a bit on the nose, they normally try to kid on there's more to the markets than a very big slot machine

TeenageArchipelago
Jul 23, 2013


Oglethorpe
Aug 8, 2005

Citigroup, $2.38 TRILLION in assets, down 5.5%

Pepe Silvia Browne
Jan 1, 2007

forkboy84 posted:

That's a bit on the nose, they normally try to kid on there's more to the markets than a very big slot machine

they had to add the noises to keep the new zoomer traders interested in the job

ram dass in hell
Dec 29, 2019



:420::toot::420:

Pepe Silvia Browne posted:

good call,
mods, could be we get Hootington made IK again for the new thread?

yeah! or alternatively, literally anyone else who isn't fail;

coelomate
Oct 21, 2020


FRC current market cap: $3.3 billion, down 85% this year

Assets +/- $200 billion

The market uh, does not predict FRC will be making a terribly good return on those assets!

This is an inexplicable insane drop if the FDIC isn't already chaining doors and unplugging servers. Let's see how it plays out!

coelomate has issued a correction as of 15:40 on Mar 13, 2023

RandolphCarter
Jul 30, 2005


members of that group chat that led to all of this are gonna wind up suicided

FizFashizzle
Mar 30, 2005







Wraith of J.O.I. posted:

this is all so stupid lol none of this had to happen, gj silicon valley dumbasses

ahem

disruption

SKULL.GIF
Jan 20, 2017


FRC on halt #13.

Wraith of J.O.I. posted:

this is all so stupid lol none of this had to happen, gj silicon valley dumbasses

This dude switched from smugposting about how doom isn't going to happen everyone's being so silly, to smugposting about how doom wasn't supposed to happen everyone's being so silly.

Remarkable.

Zeroisanumber
Oct 23, 2010

Nap Ghost
My thirst for blood won't be sated until Jamie Dimon and David Solomon join hands and jump off of the top of the Empire State Building together.

forkboy84
Jun 13, 2012

Corgis love bread. And Puro


RandolphCarter posted:

members of that group chat that led to all of this are gonna wind up suicided

Overdue

Buffer
May 6, 2007
I sometimes turn down sex and blowjobs from my girlfriend because I'm too busy posting in D&D. PS: She used my credit card to pay for this.

RandolphCarter posted:

members of that group chat that led to all of this are gonna wind up suicided

that would be nice

like just the worst people were in it, like Peter Thiel

Lessail
Apr 1, 2011

:cry::cry:
tell me how vgk aren't playing like shit again
:cry::cry:
p.s. help my grapes are so sour!
it's been great posting with everyone :)

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Wraith of J.O.I.
Jan 25, 2012


SKULL.GIF posted:

This dude switched from smugposting about how doom isn't going to happen everyone's being so silly, to smugposting about how doom wasn't supposed to happen everyone's being so silly.

Remarkable.

no no no i don't think this is ~the doom~ but hey i guess it could be

it's still v dumb tho

are there rumors going around the US is going to ban tiktok today tho?

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