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Silicon Valley Bank

Discussion in 'Too Hot for Swamp Gas' started by oragator1, Mar 10, 2023.

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  1. Mar 12, 2023 #101
    G8R92

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    The "SVB Failure for Dummies" has been released...

    Ron DeSantis blames Silicon Valley Bank’s collapse on DEI
     
    • Funny Funny x 4
    • Informative Informative x 1
  2. Mar 12, 2023 #102
    G8tas

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    That's why it's best to keep your money under the mattress
     
  3. Mar 12, 2023 #103
    oragator1

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  4. Mar 12, 2023 #104
    ncargat1

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    New York State Regulators just seized Signature Bank according to Twitter.
     
  5. Mar 12, 2023 #105
    gatorchamps960608

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    The SVB situation had nothing to do with wokeness. That's just stupid.

    Banks and other institutions are going to have to start figuring in, "social media panic" to their disaster scenarios where viral predictions of doom become self fulfilling.
     
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  6. Mar 12, 2023 #106
    oragator1

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    Signature was a bank that catered to crypto companies
    . I get that you can’t pick winners and losers at this point, but the fact that we have to bail out the idiocy that has been crypto investing over the past 7 or 8 years is infuriating.
     
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  7. Mar 12, 2023 #107
    oragator1

    oragator1 Hurricane Hunter Premium Member

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    I don’t think you can model for that, because once it starts it’s total. The one suggestion I heard that makes sense today was forcing banks to mark their securities to market. Essentially you can account for a security as one held for investment, which means you can count all of the expected returns as an asset. But holding it for sale (m2m) means you have to price it to today’s market conditions. Bond values went down 20 percent or more and SVB had everything for priced investment…people started to see the delta if there were a run, and it became a self fulfilling prophecy.
     
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  8. Mar 12, 2023 #108
    okeechobee

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    Signature Bank was pretty big. What’s next?
     
  9. Mar 12, 2023 #109
    oragator1

    oragator1 Hurricane Hunter Premium Member

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  10. Mar 12, 2023 #110
    okeechobee

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    How long is that feasible? Hope it works.
     
  11. Mar 12, 2023 #111
    ncargat1

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    If DeSantis' horrific lack of understanding the banking system and finance is not exposed, and he is not destroyed for his stupidity, nothing is going to slow this idiot down (in before the DeSantis Goon Squads are sent to hunt people posting mean things about him!!).
     
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  12. Mar 12, 2023 #112
    ncargat1

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    https://www.cnbc.com/2023/03/12/regulators-close-new-yorks-signature-bank-citing-systemic-risk.html
     
  13. Mar 12, 2023 #113
    ncargat1

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    Thanks for your posts and replies @RealGatorFan. I am the furthest thing from an expert here, but I do a LOT of research on things and work with both a financial advisor and tax accountants (father-in-law and wife) to try to understand the nuances of trying to protect our money.
     
  14. Mar 12, 2023 #114
    okeechobee

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    Well, it appears it no longer matters. As long as the regulator steps in swiftly, the federal deposit insurance is now uncapped for all.
     
  15. Mar 12, 2023 #115
    G8trGr8t

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    Currently $650B in unrealized losses in the major banks due to banks holding bonds.
     
  16. Mar 12, 2023 #116
    G8tas

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    I haven't really followed this story. I just want to know what the count is on right wingers blaming this on "woke" banks
     
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  17. Mar 12, 2023 #117
    ncargat1

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    DeSantis is #1, and he apparently understands less about banking than I do.
     
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  18. Mar 12, 2023 #118
    oragator1

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    First republic got money from JPMC and the fed.
    That might move the next domino far enough away that that the next one won’t fall.
    We will see tomorrow.
     
  19. Mar 12, 2023 #119
    okeechobee

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    Yikes. What a shit show.
     
  20. Mar 12, 2023 #120
    gtr2x

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    Mismanaging interest rate risk is now "woke:":rolleyes:o_O

    Seems like either management was clueless or simply lied about their interest rate risk exposure . I thought this kind of mismanagement went out with the S&L collapses, guess not.

    I'd say the CEO needs a good lawyer also given his stock transactions.
     
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