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can, did. 69 bux fun money tho
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Mar 12, 2023 18:59
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post hole digger posted:anyways you dont gotta hand it to them but i will definitely laugh at the vcs spending the last several years just outright supporting republican party ideals, the bank itself successfully lobbying the trump admin to lower liquidity stress requirements, and then this happens and the olive branch the Trumps extend is "your bank failed because it's TOO GAY buh bye sweetheart" Trump was also constantly accusing silicon valley as being too liberal during his presidency as a way to pressure tech companies into letting him say whatever he wanted Even people sucking up to him would be unlikely to not expect this to happen I think mystes fucked around with this message at 19:03 on Mar 12, 2023 |
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Mar 12, 2023 19:00
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otoh have you considered VC people are extremely entitled assholes that like to scream about lazy moochers and bootstraps, and are now asking for a complete bailout, which is different because [insert excuse about "job creation" here] gently caress these people. i feel bad for the workers caught up in it, but that's about it
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Mar 12, 2023 19:12
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smackfu posted:lucky the bank is named “Silicon Valley Bank” so it seems like it failing is normal
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Mar 12, 2023 19:19
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mystes posted:I mean I think you're overthinking it kind of? It's as simple as "bad thing happened? oh, okay it's because of [insert current bogeyman/talking point]" i know thats not literally what happened im just having fun
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Mar 12, 2023 19:21
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yeah, i think this is a nice opportunity to point and laugh in pretty much any direction available, hard to go wrong
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Mar 12, 2023 19:22
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in either case, bubbel almost certainly has popped. we will know by like may if there will be contagion to normal peep banks then the rest of the economy. i believe there will be.
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Mar 12, 2023 19:22
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it's possible if these idiots keep trying to whip up a frenzy but c'mon they are obviously being disingenuous
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Mar 12, 2023 19:24
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Beeftweeter posted:it's possible if these idiots keep trying to whip up a frenzy but c'mon they are obviously being disingenuous sure but since when does that matter
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Mar 12, 2023 19:26
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bank runs auto-catalyze whether they are started in bad faith or not. once they get started, you can either participate or risk your uninsured deposits. you cannot ignore it even if it starts in bad faith. in the worst parts of 2008, they were also sweating about if the fdic would come through on everything.
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Mar 12, 2023 19:26
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https://mobile.twitter.com/FlatEartherKitt/status/1634906057796616192
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Mar 12, 2023 19:30
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Cybernetic Vermin posted:yeah, i think this is a nice opportunity to point and laugh in pretty much any direction available, hard to go wrong i knew a registration to a comedy forums was a wise investment
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Mar 12, 2023 19:30
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rotor posted:sure but since when does that matter for most people it probably doesn't, the chart bdid posted earlier shows most banks have ~40+% of deposits totaling less than $250k, which the fdic has to be able to cover i honestly can't feel bad for the people with more than that. it's not hard to make multiple accounts, even if it's a pain in the rear end to manage. but they can also afford to pay someone to do that for them
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Mar 12, 2023 19:30
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lmao "drives a used honda odyssey" as a sympathy point
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Mar 12, 2023 19:32
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https://twitter.com/ChuckVacuumBeth/status/1634781787942518784 this is totally hurting me, a ^^ 
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Mar 12, 2023 19:33
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smackfu posted:lucky the bank is named “Silicon Valley Bank” so it seems like it failing is normal
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Mar 12, 2023 19:33
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that lady is deranged
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Mar 12, 2023 19:34
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Beeftweeter posted:lmao "drives a used honda odyssey" as a sympathy point "husband works in manufacturing" (husband is ex-mckinsey consultant, now steel plant exec)
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Mar 12, 2023 19:35
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madmatt112 posted:all I’m hearing, again for the millionth time, is that our financial system is built on smoke and mirrors and we’re yet again trying to keep the show going so it doesn’t fall over and ruin the modern world. fuckers rigged the system so without them we lose and with them we lose. ok but that's the history of every financial system since the invention of currency
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Mar 12, 2023 19:35
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before, too. we got a couple of preserved de facto complaints about how the babylonian priest-temple complexes were managed
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Mar 12, 2023 19:36
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Beeftweeter posted:i honestly can't feel bad for the people with more than that. it's not hard to make multiple accounts, even if it's a pain in the rear end to manage. but they can also afford to pay someone to do that for them i mean yea literally no one cares about those people. ps: fdic insurance at banks is 250k per name not per account. apparently credit unions are per account? not 100% sure of the difference but for some places its per name.
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Mar 12, 2023 19:36
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The_Franz posted:https://twitter.com/ChuckVacuumBeth/status/1634781787942518784 she also scrubbed the pricing page after people caught it lol  https://www.strongsuit.co/strongsuit-pricing
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Mar 12, 2023 19:37
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post hole digger posted:"husband works in manufacturing" (husband is ex-mckinsey consultant, now steel plant exec) "i 'live' in ohio"  "my 4 kids can't afford private schools now" just loving delusional, jfc
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Mar 12, 2023 19:37
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this is like the exact polar opposite of the icelandic guy being hosed by musk. the absolute least sympathetic people in the universe.
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Mar 12, 2023 19:38
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The_Franz posted:https://twitter.com/ChuckVacuumBeth/status/1634781787942518784
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Mar 12, 2023 19:38
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hahahaha
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Mar 12, 2023 19:38
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bob dobbs is dead posted:bank runs auto-catalyze whether they are started in bad faith or not. once they get started, you can either participate or risk your uninsured deposits. you cannot ignore it even if it starts in bad faith. spontaneously seems real unlikely to spread, *but* the core problem svb had, stacks of low-yield treasuries which are hard to sell in the middle of interest rates spiking, a lot of other banks no doubt also have.
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Mar 12, 2023 19:39
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lol she already deleted the pricing page for her startup within a couple hours because she got owned so hard on twitter
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Mar 12, 2023 19:39
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rotor posted:i mean yea literally no one cares about those people. i mean, you can also use differing institutions, too. i don't think that's completely unreasonable if you expect the same treatment as the average schmoe
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Mar 12, 2023 19:40
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Beeftweeter posted:i mean, you can also use differing institutions, too. i don't think that's completely unreasonable if you expect the same treatment as the average shmoe Giannis Antetokounmpo, the two-time MVP who last year led the Milwaukee Bucks to their first NBA title since 1971, opened bank accounts with 50 different banks — each one of them holding $250,000, his boss, team owner Marc Lasry, told Bloomberg News.
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Mar 12, 2023 19:41
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Pinterest Mom posted:Giannis Antetokounmpo, the two-time MVP who last year led the Milwaukee Bucks to their first NBA title since 1971, opened bank accounts with 50 different banks — each one of them holding $250,000, his boss, team owner Marc Lasry, told Bloomberg News. giannis ftw
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Mar 12, 2023 19:42
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there's always a ppp story https://twitter.com/GRomePow/status/1634947153125838853
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Mar 12, 2023 19:42
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Beeftweeter posted:i mean, you can also use differing institutions, too. i don't think that's completely unreasonable if you expect the same treatment as the average shmoe of course, i'm just sharing some things I learned recently (my bank is 1st republic, but I am, uh, well under the 250k limit so idgaf)
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Mar 12, 2023 19:42
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Pinterest Mom posted:Giannis Antetokounmpo, the two-time MVP who last year led the Milwaukee Bucks to their first NBA title since 1971, opened bank accounts with 50 different banks — each one of them holding $250,000, his boss, team owner Marc Lasry, told Bloomberg News. that guy gets it
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Mar 12, 2023 19:42
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Pinterest Mom posted:Giannis Antetokounmpo, the two-time MVP who last year led the Milwaukee Bucks to their first NBA title since 1971, opened bank accounts with 50 different banks — each one of them holding $250,000, his boss, team owner Marc Lasry, told Bloomberg News.
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Mar 12, 2023 19:43
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Beeftweeter posted:that guy gets it what a hassle
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Mar 12, 2023 19:43
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kliras posted:there's always a ppp story there it is
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Mar 12, 2023 19:44
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Beeftweeter posted:that lady is deranged i honestly wonder if she knows she is full of poo poo and intentionally writes this way to garner sympathy, or if, after so many years of spewing bullshit for a living, she really can't tell the difference
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Mar 12, 2023 19:48
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The_Franz posted:i honestly wonder if she knows she is full of poo poo and intentionally writes this way to garner sympathy, or if, after so many years of spewing bullshit for a living, she really can't tell the difference she's huffing her own farts. even if you take what she says as being entirely to garner sympathy it's extremely hosed up https://twitter.com/lcmichaelides/status/1634654776234242050 why yes, i underpay my employees, BUT
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Mar 12, 2023 19:50
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https://twitter.com/lcmichaelides/status/1634654782987042816 *deletes extremely incriminating product pricing page*
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Mar 12, 2023 19:52
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