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"how big of a deal could it be, insurance covers $250k per account..." https://twitter.com/fedguy12/status/1634038788468113408 "Oh."
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Mar 10, 2023 18:36
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yeah, startup financing rounds are more like a million or ten, lol
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Mar 10, 2023 18:37
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Powerful Two-Hander posted:https://twitter.com/pmarca/status/1634118284827312129?t=eQKEW9Mx12iZUOKNJXmB1w&s=19 guy who made billions of dollars funding internet and social media companies: was this damage done from the bottom up
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Mar 10, 2023 18:56
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so how many startups are gonna go under because of this? is this the beginning of the bubble popping?
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Mar 10, 2023 19:12
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FrozenVent posted:so how many startups are gonna go under because of this? the bubble has been popping for a while now lol
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Mar 10, 2023 19:16
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rip svb
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Mar 10, 2023 19:26
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equities markets are pricing in a solid chance of rip charles schwab, rip boa, rip wells fargo, also
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Mar 10, 2023 19:30
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bob dobbs is dead posted:equities markets are pricing in a solid chance of rip charles schwab, rip boa, rip wells fargo, also arent they much better equipped to handle something like this due to post-GFC capital requirements on big banks?
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Mar 10, 2023 19:37
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bob dobbs is dead posted:equities markets are pricing in a solid chance of rip charles schwab, rip boa, rip wells fargo, also ever heard of too big to fail
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Mar 10, 2023 19:38
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bob dobbs is dead posted:equities markets are pricing in a solid chance of rip charles schwab, rip boa, rip wells fargo, also rip bofa bofa these tech bubbles
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Mar 10, 2023 19:39
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post hole digger posted:arent they much better equipped to handle something like this due to post-GFC capital requirements on big banks? all regulations are fundamentally temporary with respect to banks, thats the nature of banking
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Mar 10, 2023 19:39
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WATCH BIDEN START A loving BAILOUT
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Mar 10, 2023 19:41
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the large banks have a much much broader customer base and reserve base than SVB did and should be fine. small specialty banks that got fattened up during Covid could be in for a world of hurt though.
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Mar 10, 2023 19:42
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right? but theres always some fuckin stupid thing
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Mar 10, 2023 19:44
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https://twitter.com/ryanlcooper/status/1634263511600619520?s=20
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Mar 10, 2023 19:50
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i'm a rube but uh doesn't these companies money still exist? it's just gaining less interest than optimal?
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Mar 10, 2023 19:52
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KidDynamite posted:i'm a rube but uh doesn't these companies money still exist? it's just gaining less interest than optimal? depends if svb burned it all on bad investments or not they burned a large enough chunk to be taken down so we shall see
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Mar 10, 2023 19:53
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does the fdic cap of 250k apply to corporate accounts too?
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Mar 10, 2023 19:54
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KidDynamite posted:i'm a rube but uh doesn't these companies money still exist? it's just gaining less interest than optimal? thats not how fractional reserve banking works
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Mar 10, 2023 19:55
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post hole digger posted:does the fdic cap of 250k apply to corporate accounts too? yes
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Mar 10, 2023 19:55
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Mar 10, 2023 19:56
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post hole digger posted:does the fdic cap of 250k apply to corporate accounts too? yeah
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Mar 10, 2023 19:56
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lol drat you guys fast
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Mar 10, 2023 19:56
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bob dobbs is dead posted:thats not how fractional reserve banking works seems like a bad system op.
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Mar 10, 2023 19:56
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its a bad system for randos but still the best system for its actual purpose, which is financing war and nation stuff
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Mar 10, 2023 19:57
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just like i said. svb is too big to fail
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Mar 10, 2023 19:59
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https://twitter.com/revhowardarson/status/1634259130293825536
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Mar 10, 2023 20:13
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well I guess it had been a while since I've been nervous around payroll time
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Mar 10, 2023 20:17
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ive seen more than one person draw a straight line from the adderall shortage to the current tech bubbel implosion
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Mar 10, 2023 20:20
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a lot of the limited partner demand collapse is from treasuries yielding nonzero money, too
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Mar 10, 2023 20:20
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the adderall shortage and its consequences have been a disaster for silicon valley. edit: efb
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Mar 10, 2023 20:25
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FMguru posted:ive seen more than one person draw a straight line from the adderall shortage to the current tech bubbel implosion Really coming around on this.
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Mar 10, 2023 20:26
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how long has the adderall shortage been happening? the tech bubble top was november 2021.
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Mar 10, 2023 20:28
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post hole digger posted:how long has the adderall shortage been happening? the tech bubble top was november 2021. its been ongoing for maybe a year, but it got really bad around 4-5 months ago, at least here
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Mar 10, 2023 20:31
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i'm just trying to make sure im understanding this right: the thing that hosed SVB was that they put $80 billion in mortgage backed securities yielding 1.5%, and got bit because rates went up, they were stuck with these lackluster assets, wanted to give themselves some breathing room so they sold them off at a loss, and selling them at a loss spooked investors which triggered the sell-off and subsequent bank run? it was mortgage backed securities??
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Mar 10, 2023 20:37
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i don’t buy it. none of you tech guys are doing anything real anyway, it’s the fed and rates and crap
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Mar 10, 2023 20:37
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Video Nasty posted:WATCH BIDEN START A loving BAILOUT joe's just trying to help out some poor down on their luck salt of the earth blue-collar bankers, jack
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Mar 10, 2023 20:38
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it was treasuries and some mortgage backed securities yeah
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Mar 10, 2023 20:38
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its the eternal quest to make a risk free thing that yields something. everyone refers to treasuries as a risk free thing because the government will always pay their debts but in this case, even as the government continues to pay all its debts, fuckin differential interest rate risk hosed the bankers
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Mar 10, 2023 20:40
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guy who posts in yospos 9 hours per day: my productivity going down killed the economy
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Mar 10, 2023 20:41
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