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Thread: SVB - second largest FDIC insured bank failure since WaMU

  1. #21

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    Quote Originally Posted by PM Bug View Post
    Bold emphasis is mine:


    https://www.federalreserve.gov/newse...y20230312b.htm

    The Fed has essentially announced that they are going to backstop 100% of depositors across the entire banking system. This is how fragile the banking confidence game has become.
    ...and Biden explicitly claimed that the tax payer will not be on the hook to pay for it. That means that they know the people are on to what they have been doing in response to recent "emergencies".

    Nixon took the big gamble in 1971, removing the gold standard from the USD. I expected a collapse at that time. In 2008, I had similar feelings. I suspect that round 3 of that risk level is now coming on deck.
    Last edited by SilverPalm; 03-13-2023 at 10:17 AM.
    ďThe Federal Reserve is not currently forecasting a recession.Ē
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  2. #22

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    I expected the market to be down today....yet its up over 300 at this time.

    SMFH
    Politicians and diapers must be changed often, and for the same reason. -Mark Twain

    The purpose of life is to matter, to be productive, to have it make some difference that you lived at all. -Leo Rosten

  3. #23

    Default

    First Republic Bank's stock down 75%. Look Out below!!

    https://markets.businessinsider.com/...-spread-2023-3

    Meanwhile gold is up over $40/oz.
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  4. #24

    Default It must be worth the price

    A business COULD value shareholder loyalty, corporate responsibility, profit motive.
    BUT - there's also LBGTQP+ / BLM / BIPOC Equity priorities too ...

    1.6 billion people have no access to electricity, whatsoever.
    2.4 billion people still burn wood and manure as their main source of energy.
    3.0 billion more people will be born in the next 30 years.

    Climate change isn't the killer - energy poverty is the killer.
    More, all the above, and everywhere answers all energy issues.

  5. #25

    Default

    Charles Schwab investment firm is also in trouble. 80% in bonds most likely bought during Covid era.

    Regarding the bailout for the depositorsÖ From what I read that money is coming from a separate pool created by banking fees or something of that sort. I canít post the article right now, but thatís why they are saying the taxpayer isnít paying for it. Itís very likely that this is just gaslighting though.

  6. #26

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    What's the Frequency, Kenneth?

    432Hz

  7. #27

    Default

    What's the Frequency, Kenneth?

    432Hz

  8. #28

    Default True

    Biden is in Baghdad Bob Mode when it comes to bank crisis.
    He has no idea what's going on - reads the script and shuffles off.
    Strangely enough - it was Signature Bank, back in 2021 closed Donald Trump's account following January 6th.

    https://twitter.com/DavidShafer/stat...68532248678400

    Gradually at first, then all at once.
    This could easily dwarf 2008 - when the dominoes fall.

    The SVB package - is an inoculation coming for CALPERS and other large pension funds - that - GUARANTEED - all use woke financial institutions.

    Raise your hand and vote against bailing out ( $50 B in student loans / $100 B pension fund )
    insert the tear jerker here. Then the Ds learn the word *moral hazard* and wonders why the rich got bailed out and AOC still owes college debt.
    1.6 billion people have no access to electricity, whatsoever.
    2.4 billion people still burn wood and manure as their main source of energy.
    3.0 billion more people will be born in the next 30 years.

    Climate change isn't the killer - energy poverty is the killer.
    More, all the above, and everywhere answers all energy issues.

  9. #29

    Default

    Regulators shut down Signature Bank, 3rd largest failed bank

    https://www.wsj.com/articles/signatu...ilure-a5f9e0f7

  10. #30

    Default

    Regulators shut down Signature Bank, 3rd largest failed bank

    https://www.wsj.com/articles/signatu...ilure-a5f9e0f7


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