SVB sinks wiping $61B in market value off bank stocks

Obviously thats an autocorrect mistake. I suppose you are auditioning for an editor position?

 

Wokism must be the reason, because banks run by white, old men never fail. Oh, wait----

 

You sound defensive.

Credit Suisse CDS Hits Record High As Silicon Valley Banking Crisis Spreads To Europe

'Don't worry. Everything is under control...'

Can we make sure our airline designers are sufficiently woke and check lots of intersectionality boxes rather than making sure they understand airflow dynamics?

 

Bitcoin is up 20% since a few days ago when you made this post.

It's going to be a volatile week, trade carefully.

 

You should consider buying bank stocks now while the prices are depressed. There are opportunities around every corner in life.

 

By all means invest in crypto.

 

You're right, 20% return in a few days is horrible. Who would want that? Keeping funds in banks is much safer.

 

Most old rich white men embrace wokeness.....

 

For the rest of the world it is much safer. !!!!

 

You've let it be known from each post in this thread that you know nothing about the markets.

 

Uh huh, and in FDIC I trust.

 

Is this event especially tied to cryptocurrency:

 

Or is it the 'woke' agenda:

 

You're better off getting a short term Money Market and wait out the storm.

 

Why not just change the limit on deposit protection to infinity?

 

Why did the woke crowd not learn from the old white men? Maybe because the mistakes the old white men made had to do with actual bank practices to woke management wasn't focusing on? What the old while men did was for greed. Why drove the Woke bank to disaster?

 

The bank would need an infinity amount of deposits. !!!

 

Explain what that has to do with $250,000 the FDIC insures each deposit account?

 

Credit Suisse, the bank that just got bailed out by the Swiss government. Remember, the Swiss, who are the independent paradise in Europe that isn't a EU member and shouldn't be affected by globalization?

That Brandon guy really has his fingers in every pot, messing things up.

 

Tell me how easing regulations forced SVB to do anything....(it didn't, in case you're looking for the answer)

SVB did this to themselves, period. There is no other way to spin this.

You can be mad that big govt didn't protect them all you want, but it doesn't change the fact that SVB made every single decision that lead to this. It's not big govt's job to protect stupid businesses from themselves.

And I really am tired of hearing people say 'but easing regulations allowed them to make those decisions'.....SO WHAT? They still made them and it's still their fault.

 

No one is saying otherwise on whose fault it is but the premise that the government doesn’t have the obligation to protect consumers and Americans is just absurd. You are only reasoning this because of who removed those protections.

 

The bank's FDIC insurance must cover all the deposits.

 

Up to $250,000 per account. Please tell me you knew that?

 

That amount is advertised in every bank. !!!!

What is your point ?

 

With Biden/Dems flood of hot money, the world is likely reconsidering using the US Dollar as the global currency. This wild spending it what has forced the Fed to raise, and that's drying up global liquidity.

Which is why we see this:
Fed's New BTFP Facility Is Stealth QE Injecting Up To $2 Trillion In Liquidity, JPMorgan Concludes

'The higher the Fed hikes, the greater the probability of continued deposit runs, the more the Fed's Stealth QE facility will be used to replenish reserves among small banks.'