Silicon Valley Bank collapses

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Conservatives, Patriots & Huskies return to glory
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Just liberals being liberals, nothing to see here

Welcome to Bidenville, everything is great, just follow the yellow brick road

What a bunch of fucking idiots democrats are. Do you think any of them will admit how wrong they are about policy? I doubt it, too fucking addicted in one manner or another

Just give them a sterile needle, they're fine, as long as we continue to support their base
 

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Destroying America one day at a time.
that is the soros/obama mantra being perpetrated now by the most inept puppet in the wh aided and abetted by the most inept admin in the history of this country. the sad part is that the little sheep dont even realize that our destruction is occurring on a daily basis but there are no more mean tweets.
 

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I'm from the government and I'm here to help
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just another failed mark to market concept

SIVB was really in a league of its own failing to balance traditional retail deposits with heavily speculative VC funds and crypto. They carved out a riskier niche than any other bank and kept their retail deposit interest rates incredibly low so they gave no consumers a reason to deposit. so without attracting normal consumers and only attracting high-dollar VC funded companies most of this money is uninsured. What happens next? JPM takes them over, the Fed continues to destroy Davos and the Uniparty (first FTX, then SIVB, next First Republic), and retail CBDCs keep fading away as a Liberal authoritarian wet dream. It was never going to be pretty, or easy, to destroy the 200 year relationship between the Fed and the Bank of London / Rothschilds / EU but by July 1 it will be complete. once the Libor/Sofr transition is complete the USD will never have dependency on EU markets again.

Yellen, Biden, and the Uniparty Treasury will try to react but they can't do a damn thing. The Fed will raise rates again this month and further deepen the divide with Davos/EU. Biden can keep lying about higher wages and job adds but it's all bullshit. It's not happening. The US and Fed will finally control their offshore dollar market.
 

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mark to market accounting at its finest. was fine through 2022 because didn't need to be realized but come 2023? uh oh

if these heavily leveraged banks simply raised their bank deposit interest rates to encourage depositors instead of pushing them away to toss $ into MMs then it could have been avoided. There will not be a domino of banks going under but you'll see several this week that are based on heavily speculative VC money tossed around before interest rates rose. But those bank notes come due the following year

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mark to market accounting at its finest. was fine through 2022 because didn't need to be realized but come 2023? uh oh

if these heavily leveraged banks simply raised their bank deposit interest rates to encourage depositors instead of pushing them away to toss $ into MMs then it could have been avoided. There will not be a domino of banks going under but you'll see several this week that are based on heavily speculative VC money tossed around before interest rates rose. But those bank notes come due the following year

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Lets say this happens

Are we still fully insured up to 250k by the FDIC?
 

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Lets say this happens

Are we still fully insured up to 250k by the FDIC?
yes. both companies and individual deposits are insured to 250k. SVB had very few individual deposits as they slurped up the VC money that was flowing with small interest rates back in 2019 through mid-2022. once the Fed rapidly increased interest rates these loans had big gaps in the interest rate they lent out vs the interest rate of today.

the companies that are now in trouble are the ones that had their VC funding sitting in a SVB account which was likely millions or even hundreds of millions of dollars. Since those aren't insured they won't make payroll

but yes as an individual I would suggest making sure you don't have more than 250k at any one bank. you are fully insured to 250k per bank
 

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During his first comments on the failures of multiple banks, Biden insisted we need to put the situation into “broader context." The broader context? Biden-fueled inflation. Even liberal economists blame his $1.9 trillion stimulus for fueling inflation.
 

I'm from the government and I'm here to help
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dude is killing it in '23!

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