(Thread IKs:
skooma512)
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Mar 13, 2023 00:38
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| # ¿ May 10, 2024 18:08 |
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so does the FDIC have a ton of discretion to choose how it uses the premiums bank pay into it? I always thought their mandate was pretty much set, but maybe they can just decide "lol all deposits are covered for now, because we can"???? FDIC understanders, please explain
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Mar 13, 2023 00:42
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It's been an honor,
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Mar 13, 2023 00:43
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I use credit cards for everything because the government will bail out banks before it bails out me!
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Mar 13, 2023 00:49
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coelomate posted:Honestly you could argue First Republic (shareholders) got the best NotABailout deal here. The new lending facility is gonna fix a lot of their problems, which should make their stock soar? yeah the depositor backstopping is a de facto bailout for the at-risk banks that haven't failed yet I still don't understand where the money is coming from or how it works legally lmao
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Mar 13, 2023 01:00
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Oglethorpe posted:what did your emails tonight say lol a task force has been established and webinars are being prepared lmao.
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Mar 13, 2023 01:28
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spacemang_spliff posted:lol I'm not a banker but it seems like if the FDIC is now insuring all deposits no matter how big then it's basically a blank check to do whatever no matter how risky. A billion dollars of deposits to speculate in PonziCoin? Why not you already got preemptively bailed out the insurance is covered by premiums which are paid by banks I can't imagine the huge banks are particularly happy about their insurance pool thinning out and going to cover all of these feeble competitors who were snatching up their high-return clients already. The FDIC assessments on banks will almost necessarily have to increase.
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Mar 13, 2023 01:43
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Oglethorpe posted:buy high, sell sober
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Mar 13, 2023 01:45
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Woke Mind Virus posted:So if the paper loss on treasuries for SVB isn't real anymore because they can get new loans from the fed, then why exactly are the shareholders screwed? Isn't this company worth something again? the company is already gone. it doesn't exist. The feds have their money and their executives are preparing to be sued into the ground. it died so quickly that even people with short positions are scrambling to try to get their money only depositors can access the loan money, and the FDIC is running those deposits now
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Mar 13, 2023 01:52
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Faceripper incoming! SPY to 420! 10 more points for every failed bank! Roll out the public trough!!!!
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Mar 13, 2023 04:42
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coelomate posted:sure they can. One of the major risks to raising rates too much or too quickly was the unrealized losses that would pile up on bank balance sheets. the bank has to go broke and get taken over by the government for it to happen, the bankers themselves still lose all their money
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Mar 13, 2023 05:06
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Mola Yam posted:if nothing matter You could have... but then the Fed raised rates!!!
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Mar 13, 2023 10:37
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Woke Mind Virus posted:the bank was literally too woke If having multiple veterans on your board isn't a cause for concern then I don't know what is!!!
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Mar 13, 2023 21:00
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FlapYoJacks posted:Sweeden: These aren't real lunches from those countries
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Mar 13, 2023 21:11
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triple sulk posted:reading the tea leaves, i'm not hearing poo poo from any companies i applied to and/or have been having conversations with, so those companies must still be hosed in some way I doubt theyre going to hire anyone until they feel secure that a massive bank run isn't ongoing
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Mar 13, 2023 21:36
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Shifty Pony posted:the ghee and oil in that recipe is 450cals per person lol. Goddamn I could go for some of that right now
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Mar 13, 2023 21:54
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JAY ZERO SUM GAME posted:what actually happened today Bank stocks dropped like a rock, VCs and startups successfully got their money out of the two bank corpses Thats about it
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Mar 13, 2023 22:23
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triple sulk posted:there's almost nothing i can really do aside from get some poo poo rear end job or pivot careers entirely, but anything i'd probably want to do would not be particularly viable unless i wanted to leech off my spouse's income. while on paper i can fill one of probably three or four different roles right now which does open up my options, the competition wipes out that opportunity unless i magically get lucky over the coming weeks and one of these places actually wants me (and isn't doomed) Probably just gotta keep plugging away knowing that it's going to be an extremely bad week for hiring Maybe take a couple days hiking or something to get away from hellworld for a bit
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Mar 13, 2023 22:32
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Agean90 posted:incredibly funny that a meme run on stocks lead to the finacialization of this thread is also being used to crash actual banks by VC lmao. The bank is already dead, only the depositors get the bailout out of FDIC funds. So it's more of a VC/startup bailout than a bank bailout. All the SVB bank execs are probably going to get sued into the ground by the shareholders who lost everything within 24 hours. In any case they don't have a job anymore. Other banks could still suffer a similar fate since the FDIC is backstopping people who made deposits but not the banks and their own assets and investments.
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Mar 13, 2023 22:54
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Jaxyon posted:my partner eats granny smiths Sever
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Mar 14, 2023 01:28
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NeatHeteroDude posted:1000 posts per day what the hell The bank runs have everyone's appetites going crazy
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Mar 14, 2023 01:30
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Willa Rogers posted:braeburns were $.49/lb yesterday & I got 2 for $.30. Two apples for 30 cents doesn't even sound like a real idea anymore, it's like something out of a period drama
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Mar 14, 2023 01:32
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"Just today I gave the local grocery three shiny dimes and he handed me two crisp apples" - something a dementia patient repeats to themselves as their family cries in the other room
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Mar 14, 2023 01:35
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mawarannahr posted:they're genetically engineered to have massive cells filled with hfcs Theyre putting FRUCTOSE in the drat FRUITS! Sickening!!!
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Mar 14, 2023 01:37
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mawarannahr posted:they're genetically engineered to have massive cells filled with hfcs Actually I'm not done with this post yet. Describing regular cultivar breeding as "genetic engineering" is also dumbass bullshit. Thats just basic agriculture.
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Mar 14, 2023 01:44
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Im the little wheelchair guy riding the """"pizza""""
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Mar 14, 2023 01:45
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punished milkman posted:genetic engineering is also good and owns Yes Too bad about the capitalism though
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Mar 14, 2023 01:58
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Healthy young apple cultivar goes to botanist, gets pumped with massive shot of many sugars, doesn't feel good and changes - FRANKENFRUIT. Many such cases!
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Mar 14, 2023 02:01
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Studio apartments but worse and more expensive
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Mar 14, 2023 02:03
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mawarannahr posted:you know what's really hosed up? they didn't genetically engineer the grapple to be half Apple half grape... they just soaked it in grape soda flavoring Its no pluerry
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Mar 14, 2023 02:13
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Jaxyon posted:applerankings.com says you have mislead me This is certainly a website 
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Mar 14, 2023 02:17
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Raskolnikov38 posted:I can’t wait for the CPI report tomorrow lol 6%, down slightly from January, stocks rip upwards because it moved slightly in the correct direction.
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Mar 14, 2023 02:45
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Mr Hootington posted:Remember for tomorrow. It will be weighted less now. But an increase is an increase. Meh, dead car bounce
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Mar 14, 2023 05:52
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caelxii posted:lol USAA hasn't sent me poo poo. Guess they're above all that. All the local/regional CA banking institutions are panicking because their customers are fleeing like rats from a sinking armada.
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Mar 14, 2023 05:56
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Xaris posted:yup. and also the entry-level MSRP market (16-22k) is dead We got a 2015 Prius brand new for ~$20,000 in 2016. Hopefully it'll last until we die.
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Mar 14, 2023 06:34
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Nothus posted:The preferred use case for the metaverse is that you'll log into your Meta office from your physical office. That way both real and virtual commercial landlords get their taste Sick, hosed up poo poo
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Mar 14, 2023 21:02
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my bony fealty posted:Lol they had to do a lot of Photoshop to SBF's hideous golem face This counts as antisemitism due to the myth of the golem
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Mar 14, 2023 21:03
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Late afternoon rally! Number is unbeatable!
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Mar 14, 2023 21:48
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HiHo ChiRho posted:Imagine being the CFO of SVB, just recently fired and seeing Cathie loving Woods ravaging the corpse of your bank If that CFO had been even borderline competent the bank wouldn't have gone under. There was no structural reason it had to happen. They were just really loving bad at investing their prestigious bank's plentiful assets and managed to inflict enough damage on themselves to trigger a panic. The myth of the meritocracy must surely be dead by now.
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Mar 14, 2023 23:13
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| # ¿ May 10, 2024 18:08 |
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cool
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Mar 15, 2023 04:57
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