Bank failures have started

[Synthaholic]

 

[amethyst]

Companies that use svb subsidiaries for payroll will not be paying employees today. Process that!

 

[Synthaholic]

 

[Synthaholic]

Note the date of Sacks' tweet.
Edit: it didn't post. It was Oct. 14, 2022

 

[Synthaholic]

But of course! Everything Trump touches turns to shit, whether it's railroad deregulation or financial deregulation.

 

[BlueGin]

Silicon Valley Bank

The 16th largest bank in the country with more expected to fail.

This is not good news.

Silicon Valley? Let it fail.

 

[amethyst]

gregory has been warning his viewers for some time- debt market collapse, bank bail ins, housing collapse, global financial chaos, and bank runs. today he suggests withdrawing money from small banks.



Hal gives you the news first.

Home

Hal Turner Radio Show

halturnerradioshow.com

 

[Oddball]

Perhaps you would be so kind as to provide a link to an article or oped or some other source that supports this claim? I would be very interested in reading such a piece...

Ever heard of the canary in a coal mine?

 

[Synthaholic]

A play in four parts.

 

[SweetSue92]

Silicon Valley Bank

The 16th largest bank in the country with more expected to fail.

This is not good news.

The final domino to fall for the Leftists.

They have ruined everything.

 

[SweetSue92]

You think this is about Biden?
He's only been in the presidency for two years, not enough time to do much, and he's only the president, he doesn't make laws.

The ship is sinking!!!

Run, rats, run!! Run run run!!

 

[Oddball]

Oh, yeah ---- bailout because a lot of tech companies canNOT make payroll without the loans they got from SVB and other such banks. And if that puts them all out of business ------------- problem.

I see a bailout coming. Yet another bailout.

Life's tough, shit happens, wear a fucking helmet.

 

[Oddball]

 

[percysunshine]

Some reference points;

Historical stock price

Chronology

Oh, nothing - just the second largest bank failure in U.S. history today

hotair.com

I wonder where all that money came from in 2020-21?


Ah....Covid funding via the CARES act;

https://www.congress.gov/bill/116th-congress/house-bill/748

Of course, The fed set reserve requirements to zero for Covid reasons;

Vaporizing your tax dollars the old fashioned way.....one 'crisis' at a time,

 

[Synthaholic]

You think this is about Biden?
He's only been in the presidency for two years, not enough time to do much, and he's only the president, he doesn't make laws.

Everything that Trump fucked up - railroad deregulation, financial deregulation, surrender treaty with the Taliban, forced Afghanistan timetable, Covid vaccine distribution, $9 trillion added to the debt - is Biden’s fault.

You didn't know that?

 

[Synthaholic]

 

[Synthaholic]

Tech CEO with at least $10M in Silicon Valley Bank: ‘Worst 18 hours of my life’

“It was pure and utter panic,” Tyrner said when asked about her state of mind after she read news reports that the bank’s stock price had plummeted.

nypost.com

Who is stupid enough to put $9,750,000 in uninsured funds into one bank?

 

[Synthaholic]

Silicon Valley? Let it fail.

Yeah, let China surpass us in technology, equipping their fighter jets with the latest precision targeting and building the impenetrable defenses. We'll just stand pat and hope for the best.

I swear, Trumpers and wingnuts are the stupidest people on the planet.

 

[percysunshine]

They sold $21B of MBS for a $1.8B loss. That is only a 10% haircut due to interest rates going up. If that is the size of the issue and this is a liquidity problem, the depositors will get 90% of their mony back when regulators unwind the bank.

 

[BackAgain]

Silicon Valley Bank

The 16th largest bank in the country with more expected to fail.

This is not good news.

That a bank failed doesn’t mean that banks are starting to fail.

It could be an early indicator. But perhaps not.