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Beeftweeter posted:actually did not expect this from pelosi... at first
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# ? Mar 12, 2023 20:35 |
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# ? Apr 17, 2024 21:29 |
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Beeftweeter posted:actually did not expect this from pelosi... at first
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# ? Mar 12, 2023 20:35 |
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Beeftweeter posted:
depending a bit, this is the kind of thing they'd announce early to calm people if the math is adding up well on some initial judgements of the balance sheet (i.e. they don't expect to actually need to pay for anything). and observe that it says deposits, very distinct from bailing out general creditors or shareholders or whatever.
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# ? Mar 12, 2023 20:35 |
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bob dobbs is dead posted:thats something to say next saturday, not today not really true if you looked at the whole balance sheet as this guy detailed in january https://twitter.com/RagingVentures/status/1615826088038473733?s=20
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# ? Mar 12, 2023 20:37 |
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FAANGs that overhired:layoffs::VCs that overinvested:intentional bank run It’s like laying off companies.
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# ? Mar 12, 2023 20:38 |
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no, everyone has that hosed up held to maturity problem, svb had it more than some less than others
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# ? Mar 12, 2023 20:38 |
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i think we should call it "a case of the runs" because that makes it grosser which is funnier
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# ? Mar 12, 2023 20:40 |
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mystes posted:Paying lip service to stuff americans would want but then not actually doing it is the democrats whole job, so her initially saying they aren't going to bail it out doesn't mean anything that's true enough, but she's been in the game long enough to not take a position on something if that isn't the way the wind is blowing. i'm inclined to think she's right, it seems like SVB's assets will be bought by one or more other financial institutions. that lines up with the fed rumors too even. pinterest mom is right: saying they're discussing or considering something is not the same as saying it's likely. the discussion could literally amount to "lol no, next item" and it's still a true statement it is interesting to watch two opposing narratives play out, but ultimately no bailout can happen without legislation (and if it does, it can be challenged a la student debt relief)
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# ? Mar 12, 2023 20:41 |
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so, haircut. meaning contagion because the uninsured depositors go and try to make themselves insured or run to a bigger bank
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# ? Mar 12, 2023 20:45 |
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Shame Boy posted:i think we should call it "a case of the runs" because that makes it grosser which is funnier
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# ? Mar 12, 2023 20:46 |
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i feel like this is another one of those things where internet people immediately become experts in the crisis du jour and im kinda tired of it. idkwtf and i dont think anyone posting about it here k's wtf either so lets all just settle down and lol at all the bullcrap
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# ? Mar 12, 2023 20:48 |
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rotor posted:i feel like this is another one of those things where internet people immediately become experts in the crisis du jour and im kinda tired of it. idkwtf and i dont think anyone posting about it here k's wtf either so lets all just settle down and lol at all the bullcrap man has an innate will to post.
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# ? Mar 12, 2023 20:51 |
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rotor posted:i feel like this is another one of those things where internet people immediately become experts in the crisis du jour and im kinda tired of it. idkwtf and i dont think anyone posting about it here k's wtf either so lets all just settle down and lol at all the bullcrap
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# ? Mar 12, 2023 20:52 |
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rotor posted:i feel like this is another one of those things where internet people immediately become experts in the crisis du jour and im kinda tired of it. idkwtf and i dont think anyone posting about it here k's wtf either so lets all just settle down and lol at all the bullcrap otoh
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# ? Mar 12, 2023 20:55 |
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rotor posted:i feel like this is another one of those things where internet people immediately become experts in the crisis du jour and im kinda tired of it. idkwtf and i dont think anyone posting about it here k's wtf either so lets all just settle down and lol at all the bullcrap ive always been an expert on banking especially sv banking
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# ? Mar 12, 2023 20:56 |
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also the people who are paid to be experts in this are economists, so we probably actually are better at guessing what will happen next than they are
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# ? Mar 12, 2023 20:56 |
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never trust an economist. if they really knew how money was made, wouldnt they go make it instead of telling others how its made
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# ? Mar 12, 2023 20:57 |
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rotor posted:i feel like this is another one of those things where internet people immediately become experts in the crisis du jour and im kinda tired of it. idkwtf and i dont think anyone posting about it here k's wtf either so lets all just settle down and lol at all the bullcrap yeah, i know probably as much as the rest of you (maybe less) about the financial crap, but i do have pretty good media literacy. i guess spending the bulk of my time interpreting intent from text (like a lot of you!) can be helpful, but i'm not going to pretend i know what's going to happen for sure its fun to speculate about but its even more fun to laugh at. if anything i would like to see some of the VC assholes eat poo poo
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# ? Mar 12, 2023 20:58 |
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Jonny 290 posted:never trust an economist. if they really knew how money was made, wouldnt they go make it instead of telling others how its made economics isn't real
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# ? Mar 12, 2023 21:00 |
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"yes, i know how people get rich, but i'm not doing it myself, instead i'll write lovely papers about it for $40k a year" - statements uttered by the deranged
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# ? Mar 12, 2023 21:01 |
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I don’t know a lot about banking but this seems pretty different than 08?
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# ? Mar 12, 2023 21:02 |
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it was mortgage securities that time, this time is long dated treasuries
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# ? Mar 12, 2023 21:02 |
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"would you buy a book called suggestions of acquisition?"
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# ? Mar 12, 2023 21:03 |
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bob dobbs is dead posted:it was mortgage securities that time, this time is long dated treasuries its also mortgage securities this time.
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# ? Mar 12, 2023 21:06 |
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oh yeah that will happen too
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# ? Mar 12, 2023 21:07 |
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kitten emergency posted:I don’t know a lot about banking but this seems pretty different than 08? in 08 the bank collapse was the first domino to fall. in this case the bank collapse is just another domino in a chain stretching back to 2020 when the pandemic pushed us over the edge into a slow motion recession that nobody will admit is happening.
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# ? Mar 12, 2023 21:07 |
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Beeftweeter posted:economics isn't real Economics isn't real I say, as I close my eyes and pour all my assets into Bitcoin
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# ? Mar 12, 2023 21:08 |
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Beeftweeter posted:economics isn't real
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# ? Mar 12, 2023 21:10 |
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aardvaard posted:in 08 the bank collapse was the first domino to fall. in this case the bank collapse is just another domino in a chain stretching back to 2020 when the pandemic pushed us over the edge into a slow motion recession that nobody will admit is happening. it's all happening because nobody wants to work, and those that do want to work won't show us their Smiling Faces in the office. thats it
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# ? Mar 12, 2023 21:10 |
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TerminalRaptor posted:Economics isn't real I say, as I close my eyes and pour all my assets into Bitcoin lol if you think i am pro-bitcoin at all
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# ? Mar 12, 2023 21:11 |
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Jonny 290 posted:otoh hard to argue with this tbh
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# ? Mar 12, 2023 21:17 |
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econony 📉
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# ? Mar 12, 2023 21:18 |
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Beeftweeter posted:lol if you think i am pro-bitcoin at all Not accusing you of jack. Just found it a funny riff on a classic dril tweet.
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# ? Mar 12, 2023 21:39 |
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rotor posted:i feel like this is another one of those things where internet people immediately become experts in the crisis du jour and im kinda tired of it. idkwtf and i dont think anyone posting about it here k's wtf either so lets all just settle down and lol at all the bullcrap i created doomsday ec and my analysis is i have no idea what the gently caress is going on
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# ? Mar 12, 2023 21:39 |
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bob dobbs is dead posted:yeah, and they will prolly get it unless the fed and fdic want more contagion wjats contagion mean. is that when rich people's assets aren't made whole
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# ? Mar 12, 2023 21:49 |
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anime was right posted:i created doomsday ec and my analysis is i have no idea what the gently caress is going on the number tribe is performing rituals regarding the arrangement of pieces of paper and numbers, as is their custom. their priests have found disturbing patterns in the numbers, and are very upset. a series of offerings, sacrifices, and public displays will be necessary to rearrange the paper and ease the anger of the number spirits. several head chieftans have announced that they shall descend into the underworld to parlay with the spirits and begin their seduction
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# ? Mar 12, 2023 21:55 |
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bob dobbs is dead posted:it was mortgage securities that time, this time is long dated treasuries it was credit risk that time, this time it is interest rate risk
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# ? Mar 12, 2023 21:56 |
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Jonny 290 posted:it's all happening because nobody wants to work, and those that do want to work won't show us their Smiling Faces in the office. thats it we're all being ordered back to the office for the third time, let's see how long management cares to show up to make sure other people show up this time
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# ? Mar 12, 2023 21:57 |
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mila kunis posted:wjats contagion mean. is that when rich people's assets aren't made whole it’s when one of the guys raw doggin’ in the rich people sex club got herpes
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# ? Mar 12, 2023 21:59 |
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# ? Apr 17, 2024 21:29 |
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anime was right posted:i created doomsday ec and my analysis is i have no idea what the gently caress is going on i feel like its market manipulation but idk. seems very different than 2008 but, again, idkwtf
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# ? Mar 12, 2023 22:33 |