(Thread IKs:
skooma512)
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lmao
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Mar 13, 2023 00:38
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| # ¿ May 10, 2024 21:23 |
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picking up the old discussion as we parse the new not-a-bailout bailout:Mr Hootington posted:Why not? The fear was banks blowing up, but they set up a program to stop that. The only people who suffer with rate hikes is the consumer now. I think this is kinda spot on? The fed has a dual mandate: low inflation and low unemployment. They're gonna meet and observe low unemployment and high inflation. Like I GUESS they might say "uh oh scared of banks going kapow" but... they acted forcefully to stop that. I'd put money on a 0.25% increase or more in 10 days TBH.
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Mar 13, 2023 00:39
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mastershakeman posted:So did that guy who bought sbv stock make the right call no, the stock got deleted with a space laser at like 11am eastern Friday. Anyone holding stock at that time is now holding space laser ash.
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Mar 13, 2023 00:43
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Vox Nihili posted: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"???? There's a special clause that says if enough feds get together, close their eyes, and chant "systematically important" than can use unlimited money to do anything. So they did. That's numberwang!
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Mar 13, 2023 00:44
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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?
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Mar 13, 2023 00:51
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with any luck we'll still get a little contagion this week we've been so good for so long pls : |
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Mar 13, 2023 01:07
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Mr Hootington posted:https://twitter.com/MorganRicks1/status/1635067079006240769?t=DTJTFNRK9pGQZHLO_gvGuw&s=19 House Republicans are gonna have to squeeze some hearings over this inbetween hunter dick pic marathons
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Mar 13, 2023 01:18
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Does the magic lending window only apply to like, securities a bank already owned as of market close Friday? Because if not isn't there just crazy arbitrage money to be made by a bank hoovering up all the old 20 and 30 year treasuries for like 40% off face value, getting a loan against them, using the first 60% of the loan to... buy more... and stashing the other 40% in short term treasuries yielding 5%. Risk free baby!
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Mar 13, 2023 01:20
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tip of the day: buy high, oops thing blew up no longer exists and has no value
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Mar 13, 2023 01:37
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SKULL.GIF posted:This guy says this is gonna trigger a wave of people moving money into big banks instead of having it spread out. Letting the bank depositors eat poo poo would have done that way faster. I mean it might still happen, but...
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Mar 13, 2023 02:46
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kinda ironic that the bitcoin genesis block included this headline as an encoded message: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” and here we are now bailing out banks and inadvertently saving crypto and bumping bitcoin prices lmao lol
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Mar 13, 2023 04:38
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Ramrod Hotshot posted:Yeah even if the bank failures end here it means the fed can’t just keep raising rates without breaking some major poo poo 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. As of Sunday March 12th, there's no such thing as an unrealized loss on a bank's balance sheet due to interest rate moves - they can immediate cash against them at their old value. It's effectively a 600 billion dollar stimulus lmao just lmao. jpow could set rates to 25% tomorrow and the banks wouldn't blow up 
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Mar 13, 2023 04:44
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Ramrod Hotshot posted:are you referring to a bailout, which they will assume is guaranteed? Vox Nihili posted: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 I’m taking about the new BTFP (Bank Term Funding Program) that the FDIC is rolling out for not yet failed banks. It’ll allow the ~600 billion plus in unrealized losses for live banks to Not Matter because they can get loans from the feds equal to those unrealized losses while they wait out their bond maturities. https://www.federalreserve.gov/newsevents/pressreleases/monetary20230312a.htm
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Mar 13, 2023 11:41
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First Republic is eating deep poo poo pre market, and I can’t explain it. Their capitalization actions combined with the FDIC’s magic new BTFP bucks should get them off of death row. Other bank stocks are hurting too and again, they got a sneaky bailout in the form of being able to borrow a buck on 50 cents collateral which is a pretty nice thing! What gives? Either the markets are being silly, or the medicine has not killed the infection. Actually, even if the market is wrong, if that wrongness still leads to bank runs and there will be blood. Here we go!
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Mar 13, 2023 11:46
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Joe Biden told me it wasn’t a bailout, Jack. You see the investors in the fart app, the fart app, and 6 other banks that deserve to be put to the sword all get a secret stash of new money just for them to survive something the rules said should kill them. But it’s not a bailout because (cut to commercial)
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Mar 13, 2023 11:53
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My “it wasn’t a bailout” t-shirt has people asking a lot of questions already answered by my t-shirt.
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Mar 13, 2023 12:03
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CNBC anchor just now asking if regional bank depositors are chill or if they’re still jumpy, says quote: “some of the phone numbers at JPMorgan are busy right now because of all the people trying to open new accounts”
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Mar 13, 2023 12:26
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Biden speaking at 8am Monday, a totally normal time for Presidential addresses and in no way a Baghdad Bob impression.
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Mar 13, 2023 12:27
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VIX is climbing near 30…
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Mar 13, 2023 12:55
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triple sulk posted:so are at least two more banks shutting down today maybe. First Republic may already be dead based on how the market is moving against it.
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Mar 13, 2023 13:02
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neutral milf hotel posted:did you know Barney Frank sits on the board of Signature bank? sat* bank got nuked yesterday and board management and shareholders r fuk today. all assets now owned by FDIC :salute:
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Mar 13, 2023 13:11
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SKULL.GIF posted:Monday the 13th 2023, a date that will live in infamy we doing affirmations to wish this into existence now? dow futures arts down like 0.25%, I feel like we’re gonna be disappointed in todays blood
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Mar 13, 2023 13:12
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Jel Shaker posted:so if i’m a billionaire why should i risk my billions in all this market turmoil, might as well just stash it in a normal cash account, it’s risk free if you're a billionaire you should have your billions in short term us treasuries. no bank risk and 4.5% interest dummy. Bank accounts aren't GOOD. They suck. They're just necessary for payroll and poo poo.
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Mar 13, 2023 13:42
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https://twitter.com/DeItaone/status/1635260024330293248 do it jerome the euros think it's cool https://twitter.com/FirstSquawk/status/1635260446063349761 hmmm coelomate has issued a correction as of 13:52 on Mar 13, 2023 |
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Mar 13, 2023 13:44
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Mr Hootington posted:It is 4% now Heh, yeah, markets are definitely thinking we may have a PIVOT. But not that bad yet. fed funds is 4.57 as of friday and IIRC declared in the 4.5 - 4.75 range. Yields will girate but short term ones shouldn't dip meaningfully below that. I see a 1 month quote at 4.489 right now
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Mar 13, 2023 13:48
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brandon about to take the mic and tell us it's fine and to go back to bed
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Mar 13, 2023 14:00
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"Before I leave for California I want to briefly speak about what's happening at SVB and Signature Bank"
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Mar 13, 2023 14:01
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We can have confidence in our banking system and our deposits everyone! breathe easier
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Mar 13, 2023 14:01
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"I instructed my team to act quickly to protect capital and investors"
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Mar 13, 2023 14:01
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"Treasury Secretary Yellen and a team of regulators took immediate action to bail out fart apps, fart app investors, and fart app speculators."
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Mar 13, 2023 14:02
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"That's how capitalism works, Jack"
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Mar 13, 2023 14:03
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Good Soldier Svejk posted:So when the market eats my roth IRA where do I sign up for the bailouts just found a bank! i looked into it once, alas to get a bank charter you more or less need to already have run a bank. RIGGED.
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Mar 13, 2023 14:25
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Market is open baby let's DO THI-- wow that's a lotta red
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Mar 13, 2023 14:30
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Mar 13, 2023 14:31
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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."
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Mar 13, 2023 14:32
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SKULL.GIF posted:SCHW (Charles Schwab) halted as well.  This eating poo poo would cause real panic. Lotta retail and stock there.
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Mar 13, 2023 14:35
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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!
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Mar 13, 2023 14:44
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Schwab unhalted, now down 20% today to 47.5
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Mar 13, 2023 14:45
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Death By The Blues posted:zion another pacific regional bank is eating poo poo right now too. Yeah they're next in line judging purely by today's stock drop. Comerica, keycorp, and regions financial are the next 3 biggest drops in the S&P500 today. Schwab isn't far behind number 5 tho.
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Mar 13, 2023 14:47
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| # ¿ May 10, 2024 21:23 |
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gold is money end the fed RON PAUL '08
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Mar 13, 2023 14:47
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