1. #1
    actiondan
    actiondan's Avatar SBR MVP
    Join Date: 10-16-10
    Posts: 3,308

    SVB - should we be worried?

    or isolated incident?

  2. #2
    pavyracer
    MOLON LABE
    pavyracer's Avatar SBR Aristocracy
    Join Date: 04-12-07
    Posts: 82,255

    How about BVS? Are you worried about that one? And please don't forget VSB, BSV and VBS. Those are important too.
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: tradeout

  3. #3
    turbobets
    turbobets's Avatar SBR Wise Guy
    Join Date: 01-13-06
    Posts: 983

    wtf we talking about?

  4. #4
    JIBBBY
    JIBBBY's Avatar SBR Aristocracy
    Join Date: 12-10-09
    Posts: 83,576

    Lost don't know what this all about? SVB?

    Speak plain English and stop with the abbreviations you silly bastard!

  5. #5
    Otters27
    Otters27's Avatar BARRELED IN @ SBR!
    Join Date: 07-14-07
    Posts: 30,723

    He must be talking about the silicon valley bank collapse

  6. #6
    JIBBBY
    JIBBBY's Avatar SBR Aristocracy
    Join Date: 12-10-09
    Posts: 83,576

    Quote Originally Posted by Otters27 View Post
    He must be talking about the silicon valley bank collapse
    Now that makes sense. Yes one bank collapsing is a concern! Is FDIC insured though.

    It's not the great depression yet!






  7. #7
    Mike Huntertz
    Mike Huntertz's Avatar SBR Posting Legend
    Join Date: 08-19-09
    Posts: 11,190

    When there is a run on a US bank there is reason to worry.
    There are a lot of checks and balances to stop this before it happens, but obviously they weren't working for this situation.
    The recession is here, just not called yet.

  8. #8
    JIBBBY
    JIBBBY's Avatar SBR Aristocracy
    Join Date: 12-10-09
    Posts: 83,576

    ^Don't worry Joe Biden and his administration will bail out the banks with trillions more in spending causing more inflation to rise if real shit hits the fan with the banks.

  9. #9
    Nate rasta
    Update your status
    Nate rasta's Avatar SBR MVP
    Join Date: 05-30-22
    Posts: 2,945

    Word on the silicon valley streets is that they were doing bad investments.they probably got on a bad tilt, just like us gamblers

  10. #10
    Otters27
    Otters27's Avatar BARRELED IN @ SBR!
    Join Date: 07-14-07
    Posts: 30,723

    Look like an isolated incident

    Except we can't escape that the middle class is dead

  11. #11
    stevenash
    stevenash's Avatar Moderator
    Join Date: 01-17-11
    Posts: 64,507

    I almost pooped myself when I initially saw the thread title.
    I thought KVB suffered a heart attack or something.
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: KVB

  12. #12
    kidcudi92
    W and Based Poster
    kidcudi92's Avatar SBR Posting Legend
    Join Date: 12-14-11
    Posts: 15,434

    Silver and gold…

    Getting bailed out again will be rough when it happens

    Dominos…

  13. #13
    JIBBBY
    JIBBBY's Avatar SBR Aristocracy
    Join Date: 12-10-09
    Posts: 83,576


  14. #14
    Optional
    Optional's Avatar Moderator
    Join Date: 06-10-10
    Posts: 59,578

    Sounds like they had all their money in mortgage debt and as interest rates keep rising the value of the underlying assets has been going the other way.

  15. #15
    milwaukee mike
    milwaukee mike's Avatar BARRELED IN @ SBR!
    Join Date: 08-22-07
    Posts: 26,913

    Quote Originally Posted by Optional View Post
    Sounds like they had all their money in mortgage debt and as interest rates keep rising the value of the underlying assets has been going the other way.
    yeah, holding a bunch of long-term treasuries too, that were a bit underwater

    faith in the system is the only thing that keeps the system going... seeing a bank's stock go from 200 to 0 in 2 days doesn't really instill faith... everything is very fragile, and there isn't a single bank in the world that can pay everyone's money back if they want it at the same time

    federal reserve fiat ponzi scheme has lasted about 100 years in the usa, it was a good run... you can't just keep printing endless dollars/debt forever... if the government was truthful and added unfunded ss/medicare, the national debt is around 100 trillion, just the interest on that will be more than the irs collects (3-4 trillion)

  16. #16
    newton0038
    Update your status
    newton0038's Avatar SBR MVP
    Join Date: 03-07-07
    Posts: 2,344

    Quote Originally Posted by JIBBBY View Post
    Now that makes sense. Yes one bank collapsing is a concern! Is FDIC insured though.

    It's not the great depression yet!





    Did those without a hat get beatdown back in the day?

  17. #17
    JIBBBY
    JIBBBY's Avatar SBR Aristocracy
    Join Date: 12-10-09
    Posts: 83,576

    Quote Originally Posted by newton0038 View Post
    Did those without a hat get beatdown back in the day?
    They all sure did like wearing their hats back in the day. Good observation.

  18. #18
    Snowball
    Snowball's Avatar BARRELED IN @ SBR!
    Join Date: 11-15-09
    Posts: 30,038

    Quote Originally Posted by milwaukee mike View Post
    yeah, holding a bunch of long-term treasuries too, that were a bit underwater

    faith in the system is the only thing that keeps the system going... seeing a bank's stock go from 200 to 0 in 2 days doesn't really instill faith... everything is very fragile, and there isn't a single bank in the world that can pay everyone's money back if they want it at the same time

    federal reserve fiat ponzi scheme has lasted about 100 years in the usa, it was a good run... you can't just keep printing endless dollars/debt forever... if the government was truthful and added unfunded ss/medicare, the national debt is around 100 trillion, just the interest on that will be more than the irs collects (3-4 trillion)
    It's not the Fed System that ruined America, it's the politicians. Now, don't get me wrong, the Fed should not exist at all..
    But still, the Fed was a responsible institution when we had responsible politicians. For example, in the decade of 50s-60s,
    there was only 10-20 Billion in circulation. JFK was circumventing the Fed and reverting us to Constitutional money. Not that the Fed isn't Consitutional, but the establishment of it and its conduct arises because Congress and Presidents refused and rescinded their own powers, especially Congress, instead, legislating that the Fed run the purse, not Congress... and in the 1970's, the Democrats embellished his power by adding the Employment Mandate, which has grown into the expectation that the Fed is not a benign stabliser of the dollar, but rather an instrument by which political promises are accomplished - and that's where we stand. It blew up in the late 90s under Greenspan, who used the Y2K excuse to inflate the money supply. After 911, and when Bush was feeding the crisis with his wars, printing kept up, until the Fed no longer even bothered sharing with us the M3 or M7. We don't know how much money the Fed has printed in its bailouts, giveaways and insider mergers and acquisitions all around the world. It's abusive because our Congress is abusive, and our presidents are worthless. The situation will continue with manufactured booms, busts, loans and handouts, until the ability of the computer programs to use fake Fed Notes and software to hold the dollar up in financial networks, digitized now by necessity, as only software can hold this together, collapse.. likely in a war, natural disaster, cyber attack or EMP... something that will cause electrical problems.. because the electrical power is what allows them to manipulate all major markets such as loans, real estate, metals, energy, etc. This includes Big Tech, which they picked all the winners of, consolidated like media, and control through their puppet executive appointments. It is and always has been a conspiracy. Now, the plan is to buy out the politicians on both sides, cause permanent dependency and socialism, take over the world, and then turn against us, reduce the population, and permit a smaller slave class to serve them, as they come to unveil all the secret tech they hold back from us, because it would elevate and equalize us, and they won't allow that to happen. The knowledge of all this and refusal to participate is what has caused and will cause wars, as the nations that won't assimilate, as we did, put up their final battle against them... which means against us...
    Last edited by Snowball; 03-11-23 at 10:38 AM.

  19. #19
    manny24
    pay Bobby
    manny24's Avatar SBR Posting Legend
    Join Date: 10-22-07
    Posts: 20,046

    get em Snowy

  20. #20
    lakerboy
    lakerboy's Avatar SBR Aristocracy
    Join Date: 04-02-09
    Posts: 94,213

    The good news is that Harry had most of his money in it

  21. #21
    Renegades
    Renegades's Avatar SBR Hall of Famer
    Join Date: 10-12-11
    Posts: 5,290

    A credit crunch is coming. Consumers are much worse off than the media is telling people

  22. #22
    milwaukee mike
    milwaukee mike's Avatar BARRELED IN @ SBR!
    Join Date: 08-22-07
    Posts: 26,913

    good stuff snowball

    i've always thought "technology" was kind of a joke, why was computing capacity doubled every year or two? why can they make a new iphone every year that is better? why in the world couldn't they make something as good as iphone 13 a few years ago? all seems scammy doesn't it

  23. #23
    maxell
    maxell's Avatar SBR Sharp
    Join Date: 06-09-14
    Posts: 395

    Quote Originally Posted by JIBBBY View Post
    Now that makes sense. Yes one bank collapsing is a concern! Is FDIC insured though.

    It's not the great depression yet!






    Well dressed men in those days.

  24. #24
    JIBBBY
    JIBBBY's Avatar SBR Aristocracy
    Join Date: 12-10-09
    Posts: 83,576

    Quote Originally Posted by maxell View Post
    Well dressed men in those days.
    That too.. Clean cut and suit and tie. Different generation.

    Now we either got lazy fat slobs in stained t-shirts and sweat pants or wanna be gang banger with pants sagging half way off their asses.

  25. #25
    JIBBBY
    JIBBBY's Avatar SBR Aristocracy
    Join Date: 12-10-09
    Posts: 83,576

    FDIC will cover anything under $250,000 in each account on Monday. Corporate accounts are screwed as those are usually high balance. Payrolls on certain Companies may not happen.
    Last edited by JIBBBY; 03-11-23 at 03:32 PM.

  26. #26
    Snowball
    Snowball's Avatar BARRELED IN @ SBR!
    Join Date: 11-15-09
    Posts: 30,038

    Quote Originally Posted by milwaukee mike View Post
    good stuff snowball

    i've always thought "technology" was kind of a joke, why was computing capacity doubled every year or two? why can they make a new iphone every year that is better? why in the world couldn't they make something as good as iphone 13 a few years ago? all seems scammy doesn't it
    Of course. The masses accept what they are told, and when they don't, the media, including online videos, are manipulated to promote junk, hide truth, and confuse the ignorant, which is almost everyone. How else could people believe someone like Musk is a genius? He is using a Nikola Tesla patent from 1888. His boring machines, rockets, vacuum tube trains, these are all many decades old ideas, many already built, like the boring machines and rockets. The google pair, zuckerberg, gates, jobs, these people are all chosen and funded. Those that aren't chosen and funded are held back by many means. Most sell out, others have to be dealt with.

    We have the Navy under its ghost identity Cesar Pais (king of the nation) filing patents for anti-gravity that are at least 30 years behind the development loop. We have floating balls, orbs, and undersea objects, all obviously real anti-gravity, and nobody can tell the truth... why? Because they are intentionally holding us in check. It's been this way since the end of WW II. It's why they made up the aliens nonsense, to move people off their backs... make them believe in b.s. instead. That dinsinfo program started in the early 50s and is still going strong.
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: milwaukee mike

  27. #27
    newton0038
    Update your status
    newton0038's Avatar SBR MVP
    Join Date: 03-07-07
    Posts: 2,344

    Quote Originally Posted by JIBBBY View Post
    They all sure did like wearing their hats back in the day. Good observation.

    Maybe no hat back then equates to todays rainbow.

  28. #28
    JIBBBY
    JIBBBY's Avatar SBR Aristocracy
    Join Date: 12-10-09
    Posts: 83,576

    Quote Originally Posted by newton0038 View Post
    Maybe no hat back then equates to todays rainbow.
    Show up in those lines back then dressed like today and you'd look like an alien holding a fruit basket for sure. Probably get laughed at and beat down.

    Had to be sharp dressed back then!


  29. #29
    milwaukee mike
    milwaukee mike's Avatar BARRELED IN @ SBR!
    Join Date: 08-22-07
    Posts: 26,913

    good point about elon musk

    like bill gates, the guy had the strangest behavior in the world during those netscape investigations... always shaking... i guess everyone with autism/aspergers is some kind of genius in today's clown world... and even if they couldn't even get a bachelor's degree, let alone go to med school, now they are an expert in medicine too!

  30. #30
    Snowball
    Snowball's Avatar BARRELED IN @ SBR!
    Join Date: 11-15-09
    Posts: 30,038

    Quote Originally Posted by milwaukee mike View Post
    good point about elon musk

    like bill gates, the guy had the strangest behavior in the world during those netscape investigations... always shaking... i guess everyone with autism/aspergers is some kind of genius in today's clown world... and even if they couldn't even get a bachelor's degree, let alone go to med school, now they are an expert in medicine too!
    Yes, they promote that stereotype, which they actually made out of whole cloth.. it started with Rainman.
    Now they have the Good Doctor tv show, lots of other stuff. It's like, give your baby all these vaccines they don't need, all at once, and autism happens.. but don't worry... he's actually a genius. Sad.
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: milwaukee mike

  31. #31
    JIBBBY
    JIBBBY's Avatar SBR Aristocracy
    Join Date: 12-10-09
    Posts: 83,576

    ^Elon Musk is an American hero!

    No one has done more in recent days then Musk - Aerospace SpaceX rocket program, electric car development with Tesla and now free speech buying out Twitter..

    Don't speak down on the man! We could only hope to accomplish a fraction of what Elon has done in life and what he has done for humanity so far. Dude is brilliant and even trolls the haters.

  32. #32
    Bluehorseshoe
    Bluehorseshoe's Avatar SBR Posting Legend
    Join Date: 07-13-06
    Posts: 14,957

    Good thing it happened on a Friday.

  33. #33
    Stallion
    Update your status
    Stallion's Avatar SBR MVP
    Join Date: 03-22-10
    Posts: 3,614

    Deregulation.

  34. #34
    milwaukee mike
    milwaukee mike's Avatar BARRELED IN @ SBR!
    Join Date: 08-22-07
    Posts: 26,913

    Quote Originally Posted by JIBBBY View Post
    ^Elon Musk is an American hero!

    No one has done more in recent days then Musk - Aerospace SpaceX rocket program, electric car development with Tesla and now free speech buying out Twitter..

    Don't speak down on the man! We could only hope to accomplish a fraction of what Elon has done in life and what he has done for humanity so far. Dude is brilliant and even trolls the haters.
    there were electric cars 70 years ago... and he doesn't go to "space", they stay in low-earth orbit like we always have, and call it space... twitter still banned me just for calling out trannies, he is controlled opposition, has epstein's client list like everyone else but won't post it

  35. #35
    bonzaii
    bonzaii's Avatar SBR MVP
    Join Date: 07-07-17
    Posts: 4,995

    Quote Originally Posted by milwaukee mike View Post
    there were electric cars 70 years ago... and he doesn't go to "space", they stay in low-earth orbit like we always have, and call it space... twitter still banned me just for calling out trannies, he is controlled opposition, has epstein's client list like everyone else but won't post it
    I don't think he is controlled opposition to the levels you think he is. I think he is just a bit clueless when it comes to that subject.

12 Last
Top