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more like poopledao
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Mar 11, 2023 22:58
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*dismantling dead goose like an epileptic soothsayer* Okay, so, while the goose may lay many golden eggs, you only get golden foie gras from it once, and now we know that. Not bailing us out would basically be punishing innovation!
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Mar 11, 2023 23:55
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Some people are really bad with money, huh.
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Mar 12, 2023 00:28
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Mahatma Goonsay posted:Clair de LUNA - Claude deBUSD 
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Mar 12, 2023 00:37
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Paladinus posted:Some people are really bad with money, huh. I feel like we're gonna find out the morons running SVB have been worse with money than anyone expected
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Mar 12, 2023 01:26
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https://twitter.com/ben__rickert/status/1634731804652609536 First Republic prolly going down next week.
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Mar 12, 2023 03:11
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lol thats a lot of teslas
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Mar 12, 2023 03:19
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mrmcd posted:https://twitter.com/ben__rickert/status/1634731804652609536 I'm hoping Signature won't be far behind.
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Mar 12, 2023 03:39
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see this is what happens when you let sam talk with the delivery men
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Mar 12, 2023 03:41
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lol if this becomes a mortgage crisis where banks can't unload low rate mortgages for liquidity
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Mar 12, 2023 03:45
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bank runs in this era of complex, highly advanced financial disasters seem almost quaint
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Mar 12, 2023 03:52
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Deep Dish Fuckfest posted:bank runs in this era of complex, highly advanced financial disasters seem almost quaint nah, it's just proof that the tech industry has not actually evolved beyond base economics, mathematics, and human nature like it often claims to
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Mar 12, 2023 03:53
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The account that posted that video sure is... something else.
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Mar 12, 2023 05:09
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Escape From Noise posted:The account that posted that video sure is... something else. some coast to coast am poo poo in there
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Mar 12, 2023 05:18
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FAUXTON posted:I feel like we're gonna find out the morons running SVB have been worse with money than anyone expected Excuse me, I think the people who put the guy who was CFO of Lehmans Brothers until shortly before it collapsed, in charge of their own bank, know a thing or two about responsible banking practices.
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Mar 12, 2023 06:24
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Mar 12, 2023 06:41
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Clockwerk posted:Excuse me, I think the people who put the guy who was CFO of Lehmans Brothers until shortly before it collapsed, in charge of their own bank, know a thing or two about responsible banking practices. he's got a lot of experience with efforts to avoid catastrophic bank failures, okay
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Mar 12, 2023 06:43
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Clockwerk posted:Excuse me, I think the people who put the guy who was CFO of Lehmans Brothers until shortly before it collapsed, in charge of their own bank, know a thing or two about responsible banking practices. If we learn from our mistakes then that man has learned a great deal though also he's had plenty of practice being responsible for a bank e: drat imagine working in the office with this guy, showing up on collapse day and everyone's just completely loving shattered except him and he's in there texting his old pals with the FDIC, who are on their way to seize the bank, planning goddamn brunch and golf later lmao FAUXTON fucked around with this message at 07:47 on Mar 12, 2023 |
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Mar 12, 2023 07:39
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https://www.cnn.com/2023/03/10/business/sam-bankman-fried-bail-technology-restrictions/index.htmlquote:Judge concerned Sam Bankman-Fried is too ‘technologically savvy,’ could find a way around tech restrictions
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Mar 12, 2023 10:28
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lmao SBF is going to end up in a lead-lined faraday oubliette at the bottom of a salt mine warded by robotic turnkeys.
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Mar 12, 2023 10:32
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NoneMoreNegative posted:lmao SBF is going to end up in a lead-lined faraday oubliette at the bottom of a salt mine warded by robotic turnkeys. So what you are saying is that he will confess to his crimes by tapping Morse code signals on his cell walls.
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Mar 12, 2023 10:39
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Pedro Pascal type guy in the post apocalypse wastelands after the great banking crash finally tipped western society over into annihilation , explaining to the kid that it all began when people started using slurp juice on their apes
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Mar 12, 2023 10:46
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NoneMoreNegative posted:lmao SBF is going to end up in a lead-lined faraday oubliette at the bottom of a salt mine warded by robotic turnkeys. Bankmagneto
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Mar 12, 2023 10:51
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mrmcd posted:https://twitter.com/ben__rickert/status/1634731804652609536 i havent heard of First Republic, who are they? are they another SVB or are they in crypto or what
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Mar 12, 2023 10:59
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NoneMoreNegative posted:lmao SBF is going to end up in a lead-lined faraday oubliette at the bottom of a salt mine warded by robotic turnkeys. nails and fingers worn to stubs, SBF continues filling the empty spaces of his cement domain with scratchings that detail past, present, and future crimes
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Mar 12, 2023 12:05
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kw0134 posted:svb was definitely under pressure to begin with but the collapse of silverbank, a wholly unrelated entity, made a lot of people very nervous and created a self-fulfilling prophecy when a bunch of vc's told their clients that they should start pulling their money out of svb. they did and of course it became a stampede and the bank run -- an actual honest-to-god bank run in tyool 2023. it was entirely possible that if withdrawals didn't spike svb would have issued more stock, raised some capital and covered any redemptions in the typical course of business. yeah, i am for sure not going to care enough to look at the numbers, but by the sound of things svb wasn't that far off very normal bank practices, putting depositor funds into treasuries to an extent that models suggest will have you comfortably covered. just took on too much risk and got faced with the combo of an interest rate spike and a pretty much engineered bank run (drop by the cjs thread to enjoy cremnob praising thiel for his savvy business move knocking svb over). probably not too unreasonable to expect depositors to still be made mostly whole (without strain on taxpayers), but with general creditors and shareholders entirely wiped out.
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Mar 12, 2023 12:43
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not sure why you'd commit to 30-year bonds in a time of historically low interest rates, seems like overexposing yourself to interest rate risk to me. especially if you're currently lobbying the fed to raise interest rates - you'd think you'd be positioning yourself to benefit when your lobbying succeeds! but i guess that kind of thinking is why i'm not the one in charge of the bank
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Mar 12, 2023 12:50
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https://twitter.com/benedictevans/status/1634748145279139845
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Mar 12, 2023 16:16
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more like just slightly ahead of the heat death of the universe
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Mar 12, 2023 17:19
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From the Doomsday Econ thread:Ramadu posted:https://twitter.com/coinfessions/status/1634871859664637954?s=46&t=5gOtSGe-3eqQ8Acn93U6lg
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Mar 12, 2023 17:55
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what's hfsp
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Mar 12, 2023 17:57
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haveblue posted:what's hfsp have fun staying poor
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Mar 12, 2023 17:58
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in fairness typing "hfsp" is quicker than "i am a spiteful rear end in a top hat and a crypto not-a-cultist"
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Mar 12, 2023 18:10
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https://twitter.com/SMTuffy/status/1634972779899682816 Not that I think anyone here hasn't caught on to this.
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Mar 12, 2023 18:59
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Hammerite posted:i havent heard of First Republic, who are they? are they another SVB or are they in crypto or what regional bank roughly the size of SVB, same basic balance sheet probably less exposure than SVB though due to them being a retail bank, rather than primarily a commercial bank which is what screwed SVB
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Mar 12, 2023 19:32
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Hammerite posted:i havent heard of First Republic, who are they? are they another SVB or are they in crypto or what they have an oven in each branch that bakes fresh cookies all day long. I often stop in for a free cookie.
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Mar 12, 2023 19:43
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Buff Hardback posted:regional bank roughly the size of SVB, same basic balance sheet their exposure is less bonds and more mortgages but it works similar because nobody's gonna want to buy a tranche of mortgages paying 3% when the current rate is double that.
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Mar 12, 2023 19:44
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mrmcd posted:https://twitter.com/ben__rickert/status/1634731804652609536 Bank runs in LA lmao
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Mar 12, 2023 20:54
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Alan Smithee posted:Bank runs in LA lmao
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Mar 12, 2023 20:59
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| # ? May 4, 2024 07:12 |
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Jabor posted:not sure why you'd commit to 30-year bonds in a time of historically low interest rates, You're a greedy imbecile who has gotten away with it for a decade
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Mar 12, 2023 21:04
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