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(Thread IKs: skooma512)
 
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punished milkman
Dec 5, 2018

would have won
i’ve been assured by president joe biden that the us banking system is Strong and the most regulated, very regulated. not concerned.

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703
May 11, 2007

Contains Carbon Monoxide
Capone, wells, Citi group all -5% on the day

Pepe Silvia Browne
Jan 1, 2007
https://www.youtube.com/watch?v=15PCPx2IUjs

mastershakeman
Oct 28, 2008

by vyelkin

In Training posted:

What is even prompting these sell offs. SVB got bailed out in like 24 hours, why would anybody be afraid of bank liquidity at this point.

the shareholders didn't get bailed out. so what you want to do is take all your money out of owning companies and instead just deposit all that money with the company without worrying you can lose it, because the fed has now said you can't

SKULL.GIF
Jan 20, 2017


FRC on halt #10.

It's only been 50 minutes of trading.

antipattern
Nov 8, 2019

yo jpow turn on the money printer, stat

comedyblissoption
Mar 15, 2006

Marx Headroom posted:

its pretty funny that something is happening, but reporting on it would make it worse
:dudsmile:

Basic Poster
May 11, 2015

Those who can make you believe absurdities can make you commit atrocities.

On Facebook
lol even fox business is calling this “socialized losses” and a 100% a bailout

mastershakeman
Oct 28, 2008

by vyelkin
what's this? ?? i'm getting word that the fed is going to backstop all stock ownership so that no losses can happen if the share price drops?? ok panic is over now im sure

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

Mirthless
Mar 27, 2011

by the sex ghost

In Training posted:

What is even prompting these sell offs. SVB got bailed out in like 24 hours, why would anybody be afraid of bank liquidity at this point.

Because SVBs problems are probably an indicator of broader behaviroial patterns across banking and we cant bail them all out which was the reason not to bail this one out in the first place

Every bailout we couldn't do in 2007/2008 was a reminder of all the bailouts we shouldn't have done to begin with

Mirthless has issued a correction as of 15:24 on Mar 13, 2023

pink noise
Jun 24, 2022
https://www.youtube.com/watch?v=s9EsHbqmjN4

Oglethorpe
Aug 8, 2005
Avatar blanked by Admin request.


US Bancorp - $600b


Charles Schwaab - $577b


First Republic Bank - $197b


Comerica - $84b


Western Alliance Bank$69b


Bank of Hawaii - $23b


Customers Bancorp - $20b

SKULL.GIF
Jan 20, 2017


Buffer posted:

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

Not yet.

In Training
Jun 28, 2008

mastershakeman posted:

the shareholders didn't get bailed out. so what you want to do is take all your money out of owning companies and instead just deposit all that money with the company without worrying you can lose it, because the fed has now said you can't

That makes sense, ty.

FizFashizzle
Mar 30, 2005







My company just sent out this email from our piece of poo poo payroll company Gusto. Probably nothing!

quote:

Gusto does not use Silicon Valley Bank to fund customer payroll services and operations. Therefore, Silicon Valley Bank’s current situation does not affect our ability to provide payroll services to you.

Since our founding, Gusto has set out to create a durable and sustainable company that enables entrepreneurs to build businesses that grow, thrive, and last, while also helping employees do more with their paycheck. That’s the difference we want to make.

In order to deliver that value, it’s essential that Gusto reliably delivers on payroll processing. That’s why Gusto utilizes a redundant system of leading banking partners to facilitate our payroll processing and services to provide peace of mind for the unexpected.

Thank god I've got that side gig at an HCA hospital who uses Parallon like normal corporate ghouls

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY
There is no need for this panic. Lol

Lmao

thalweg
Aug 26, 2019

The fundamentals are strong

SKULL.GIF
Jan 20, 2017


Mr Hootington posted:

There is no need for this panic. Lol

Lmao

https://i.imgur.com/O4e3mvV.gifv

ben shapino
Nov 22, 2020

Up yours, woke economy! We'll see who crashes who!

Bearjew
Apr 18, 2017



we're disrupting payroll. literally

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY
Anyone have a CNBC livestream link?

SKULL.GIF
Jan 20, 2017


Sam Bankman Rich Handler Bob Diamond

https://twitter.com/zerohedge/status/1635285817735413762

Mirthless
Mar 27, 2011

by the sex ghost

Mr Hootington posted:

There is no need for this panic. Lol

Lmao

thalweg posted:

The fundamentals are strong

:buddy:

703
May 11, 2007

Contains Carbon Monoxide
Everything creeping down that isn't dropping like a rock already, what a hour

SKULL.GIF
Jan 20, 2017


:siren:

https://twitter.com/tier10k/status/1635283000794693634

Zeroisanumber
Oct 23, 2010

Nap Ghost
Literally zero reason for this other than dumb animal panic lol

TDepressionEarl
Oct 28, 2010


I'm trying to win the World Cup
but I'm dummy thicc
and the clap of my ass cheeks
keeps playing Argentina onside


oh i couldn't possibly have another drop of blood

webcams for christ
Nov 2, 2005

SKULL.GIF posted:

We lost 3 banks over the course of a week last week.

We're about to lose 3 more in one day.

this is normal, actually

Mr Hootington
Jul 24, 2008

I'M HAVING A HOOT EATING CORNETTE THE LONG WAY
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

Homocow
Apr 24, 2007

Extremely bad poster!
DO NOT QUOTE!


Pillbug
everything's fine folks

https://www.youtube.com/watch?v=vZt5_27mGcE

SKULL.GIF
Jan 20, 2017


Zeroisanumber posted:

Literally zero reason for this other than dumb animal panic lol

🎶🎵Same🎶As🎵It🎶Ever🎵Was🎵🎶

Zeroisanumber
Oct 23, 2010

Nap Ghost

TDepressionEarl posted:

oh i couldn't possibly have another drop of blood

There's always room for BLOOD!

Pepe Silvia Browne
Jan 1, 2007

Zeroisanumber posted:

Literally zero reason for this other than dumb animal panic lol

I think it's the dissonance between the fact that we are clearly in a recession/depression but no one will say anything is bad. It is legally not allowed to be bad.

Sweeper
Nov 29, 2007
The Joe Buck of Posting
Dinosaur Gum

https://twitter.com/BitMEX/status/1635185441459810304

https://twitter.com/unusual_whales/status/1635285880964538370

heh

Beached Whale
Jun 27, 2009

The world as will and idea

This is the exchange that made its name letting desperate gamblers savvy investors gamble trade on Bitcoin with 100:1 margin. Meaning if you put in $1 you get $100 to trade with on crypto.

ram dass in hell
Dec 29, 2019



:420::toot::420:

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

euphronius
Feb 18, 2009

no direct exposure hahah

HallelujahLee
May 3, 2009

i like how the fed tells them were going to let you do whatever you want essentially the same poo poo as always and cover your losses every time and they all just panicked and didnt believe a word. thats the only remaining reason the fed exists to keep the rich turds fed 24/7

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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.
lots of reasons for the market to bleed
but none are why blood
upsetting!

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