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It looks like the problem was a combination of questionable liquidity (the smaller part) coupled with the CEO's handling of a press release (the larger part).
It doesn't matter what you say, or even mean to say; it's how it's perceived that counts!
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Do you think this was all the result of a rather small Silicon Valley bank, or because everyone is expecting a crash and poised in the starting blocks? All it takes is one obscure reference to start the stampede. We might see the larger banks rebound later today or Monday when people ascertain that it isn't that big a deal (although, it might be!).
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i wonder how bad the credit crunch really is.
this bank got caught red handed holding billions worth of low yield paying bonds..
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Not much of a surprise, to their credit, they bucked the traditional lending model but eventually it caught up with them.
Take a look at any of their call reports, they have industry concentrations, HIGH risk industry concentrations, backed with very marginal assets.
They had a good run.
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Small potatoes here.
Fed needs to break something big
Release the Kraken so we can have that soul searching recession
How else you gonna buy assets on the cheap?
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I have a few banker friends who are taking this more seriously than most people, as they are afraid this will domino into other banks and steam roll.
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Hold on to your Panties, But Wait, There's More... to come.
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Seek out Dr. Dr. Kirk Elliot. He knows what coming.
By Silver and or Gold if you can afford it.
Liberty Coin in Long Beach.
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this dude NEEDS to get the fuck off the air...nothing more than a mouth piece for big money
CNBC's Jim Cramer eviscerated for touting Silicon Valley Bank weeks before disastrous collapse
Cramer touted SVB in February, saying 'Wall Street has been mistakenly concerned about' it
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Can you believe a bank can fail because it had too much cash on hand?
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People lining up outside SVB braches to pull out what they have.
Waiting for the Left's fact checkers to say this is just fake news.
Welcome to Joe Biden's America folks.
What disaster awaits us next?
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Can you believe a bank can fail because it had too much cash on hand?
Nope , cause the rules have changed. Use to be that they had to only have 3% of all deposits on hand. It has been changed to ZERO.
Plus having cash on hand is a Liability, as it is not working for you.
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^^^^
Banks are REQUIRED to have reserve requirements.
Banks are audited on the type and quality of loans they have on their books.
The riskier the portfolio, the more cash reserves...... if a bank has a large cash reserve, it means that they have a risky portfolio.
This is not rocket science.
SVB is WELL known in banking circles to do high risk, high default, high yield tech type companies with non traditional asset based lending.
If you don't have a UCC filing on a tangible asset that has a defined market value, in a workout or "special accounts" scenario, you are fucked.
Take a look at ANY recent 10-K report on them, or look at their call reports.
https://cdr.ffiec.gov/public/ManageFacsimiles.aspx
https://www.sec.gov/cgi-bin/browse-edgar?company=&CIK=&type=10-k&owner=include&count=40&action=getcurrent
Banks fail more frequently than you might think.
Don't forget government sugar covers any indiviual's loss here (up to FDIC limit)
Yawn.
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Why do conservatives blame Biden for this? How does the Biden economy come into play here?
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“ Banks are REQUIRED to have reserve requirements. ”
Not as of 2020. Jay Powell reduced the reserve requirement to Zero.
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^^^
My Bad, COVID response, reserve requirements should be re-instated. IMHO (and I'm a anti government regulation guy)
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To those that are still in the job market better pay attention where are their retirement funds are been invested, don't get caught off guard, too many distractions going on right now for us to ignore what deals are done behind closed doors, next time you know your retirement funds have evaporated and social security can't sustain itself much longer, those who work for the government are more at risk
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That's why I keep all my money at home. I keep it under the mattess and as you come into my house it's down the hallway 3rd door to a left it's very safe there I only have a $120,000 to my name but I'd rather keep it at my house than at the bank.
I keep all my gold and jewelry in a Box behind the refrigerator. No one would ever think of looking there. I have gold certificates and savings bonds I keep In the oven, since I don't cook anyway that's the best place for me to keep it.
Fuck banks
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TAE you may be correct.
It could possibly be the case that for once this disaster is NOT directly linked to FJB and his shit show policy .
Moody's had SVP at an 'A' rating at the beginning of the week and SVP had one of the highest 'ESG' scores of all major banks.
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Thank you Sleepy.
A must read, Creatures From Jekyll Island, A Second Look at the Federal Reserve Paperback - January 1, 2010 by G. Edward Griffin
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trains, bank failures, war, national debt, high energy prices and inflation, all virus deaths....
anything else?
it all comes down to trump apparently
Liberals blame Trump for Silicon Valley Bank collapse citing 2018 bipartisan bill
Trump signed bipartisan legislation rolling back parts of Dodd-Frank in 2018
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Yet it's true.
“ On Friday, regulators shut down Silicon Valley Bank, one of the most prominent banks in Silicon Valley’s venture capital and startup hub. The bank’s collapse, the largest such failure since the 2008 financial crisis, has roiled the tech industry, in part because many venture capitalists and startups had millions in the bank coffers. The fate of those funds is now uncertain, potentially putting a number of tech companies, but also, the many jobs they provide—at significant risk.
This precarious scenario, however, may not have been been the case were it not for the work of SVB’s President Greg Becker, who eight years ago asked a Senate committee to relax regulations that would soon be applied to his own bank. His appearance kicked off a half-a-million-dollar lobbying effort that led to a bill, signed by then-President Trump, undoing regulations precisely as SVB and other banks had asked for.”
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Of course!.. its Trumps fault. ).gif)
But I think Mr Becker also had expert help...
Silicon Valley bank executive, Joseph Gentile, was a former executive of the Lehman Brothers' Global Investment Bank prior to the bank's public collapse in 2008.
Prior to joining SVB as Chief Administrative Officer, Gentile worked as Chief Financial Officer at Lehman Brothers' Global Investment Bank. Gentile left Lehman in 2007, just one year before it went bankrupt in 2008.
The thing bubbling up in this SVB collapse is how high interest rates significantly is bringing an end to the ability to acquire money. This also prevented SVB from refinancing itself and brought on the collapse.
Let's see... now why do we have such high interest rates now?...
🤔
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There is No crying in HX.
Federal Reserve rate hikes are killing regional banks and the housing market
and
No Bank is Safe.
I'll add, the FDIC is nothing more than a front to make you think you money is safe. Remember this,
It is there money, You just have a claim against it.
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Large banks still have reserve requirements. Its these smaller banks that could get away with zero capital reserves and shoddy governance. There better not be a bailout negotiated behind the scenes or in a sneaky midnight vote in Congress.
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Party of deadbeats = Democrats
The country is falling apart under these bastards
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Hey at least SVB had a respectable ESG score and they were focused on Diversity, Equity, and Inclusion.
That's what really matters
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Ask Shitcan what a Woman is 
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^Alter still needs to know.
His blow up sex dolls are of gay-boys.
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Back on topic: two more banks are being affected, And more may follow.
Stay tuned, and know where your money is.
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LOL, these are Tech guys from Silicon Valley who throw all their money at Dems every election.
NO WAY are they going down, Fed already announced they're bailing everybody out.
So much for $250k FDIC Insurance limit and so much for "moral hazard risk".
The Fed basically removed FDIC insurance limit for their bros.
I agree with Ramaswamy, BK the lot of them and have another bank take it over.
Claw back ALL executive stock sales proceeds, wipe out the bond holders and stock holders too.
Then the Fed needs to pink slip themselves, fucking idiots.
Same shit that happened in 2008, easy money ultimately leads to a financial whacking.
Hopefully, this is just the first shoe to drop among many and lots of assets will go on sale.
Actually, it's a healthy way to wipe out the easy money speculators.
Recessions are good!
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Shitcan still hasn’t defined what a woman is lol!
I guess he is true to his virtue signaling mentality Lmao
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I cant beleive its bank collapse season already...
I still have my train derailment decorations up.
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Even Barney Frank said the Trump changes made no difference
He oughta know, he's a Director of the newly failed Signature Bank, lol
Was paid $320,000 last year
You cannot make this shit up
Fucking Progressives
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TAE, you're never getting a straight answer
Cause GG don't know.
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Funny how Swan Bitcoin sent me an email saying we are no longer going to be dealing with Signature Bank.
It is dated March 1st. 10 days before this.
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Yesterday was a day of high risk, but it paid off.
People who bought First Republic bank shares yesterday during the nose dive are now seeing $$$ 💸💵💵💵 , as the recovery and US government support is boosting them back up.
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TAE vs Sherkhan
Arm Wrestle Match
Lucille's BBQ Bar - Brea
Sat 3/18 at halftime of NCAA Basketball game
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Not a chance. Have you seen where TAE stick his arm? All the up to his own elbow!
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Are you suggesting that TAE is not practicing strict cleanliness techniques after his fisting escapades ?
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GG has his deflector shields set to maximum
His photon torpedo is limp though
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Who the fuck is GG?
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And to answer your question, Edmond, we all know TAE bites his nails not because he is a nervous nelly wondering who is going to treat him like a bitch tonight, but more that he likes the flavor of his own fresh prolapse.
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Country falling apart under POS democrat “leadership”.
Shitcan will run out of excuses for Biden just like he is with his pathetic outdated list of 7.
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When Trump was in office, he said by cutting financial audit regulation would allow all of us to get rich. Seems like the bankers got rich and ran off with the money. I wonder what other banks are going to fail.
Not to mention cutting back RailRoad regulations and look at the train wrecks we are seeing.
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Fucking Desantis today !
Foot in mouth or what ? WTF Ron ? !
If we don't stop Putin the wannabe Lenin in Ukraine, he'd go after
Eastern Europe tomorrow !
It's still really early but the California Primary is only a year away,
and Trump is leading 42.8 % vs 30.6 % over Desantis.
Trump just might have to back the White House !
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Ay Dios Mio Desantis , you're really fucking up bad Ron.
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Your Trumptard rules got us into this mess, Take-it-up-the-AssEjaculations.
The collapse keeps going and as we look back the repeal of the Dodd-Frank act by Trump was a huge fucking mistake.
Let’s see how well you bitch when your money in the bank is gone.
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The dominos continue to fall
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Shitcan focus more on getting laid and less on gloom shit !
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