Silicon Valley Bank

[Babagounj]

Are we seeing another example of To Big To Fail ?

Is this 2008 all over again ?

There are 6 branches just in Massachusetts that the Feds have seized and did not open today.
Every branch will be shutdown until Monday.

Major bank with Massachusetts locations shut down by FDIC

The financial institution's assets were seized Friday, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis.

www.boston25news.com

 

[UnionStrong]

Are we seeing another example of To Big To Fail ?

Is this 2008 all over again ?

There are 6 branches just in Massachusetts that the Feds have seized and did not open today.
Every branch will be shutdown until Monday.

Major bank with Massachusetts locations shut down by FDIC

The financial institution's assets were seized Friday, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis.

www.boston25news.com

We are screwed.

 

[Babagounj]

Customers with accounts in excess of $250,000 should contact the FDIC toll-free at 1-866-799-0959.

 

[oldngray]

https://twitter.com/i/web/status/1634184585843032066

 

[rickyb]

 

[rickyb]

america has little to no protest movements, so you get insane corruption.

 

[Babagounj]

Wells Fargo glitch shows negative balances, missing direct deposits

Deposits are not showing up or have disappeared.

www.boston25news.com

 

[Babagounj]

20 banks that are sitting on huge potential securities losses—as was SVB

SVB Financial faced a perfect storm, but there are plenty of other banks that would face big losses if they were forced to dump securities to raise cash.

www.marketwatch.com

 

[rickyb]

you cant taper a ponzi

 

[vantexan]

you cant taper a ponzi

But you can tuna fish.

 

[Wally]

Customers with accounts in excess of $250,000 should contact the FDIC toll-free at 1-866-799-0959.

@Future

 

[Jkloc420]

https://twitter.com/i/web/status/1634184585843032066

Most likely

 

[Jkloc420]

It is ok dems will bail them out like Obama did

 

[Up In Smoke]

It is ok dems will bail them out like Obama did

It was Bush in fall of 2008

 

[Up In Smoke]

Where's the regulators, how were they allowed to loan all this capital?

 

[Jkloc420]

It was Bush in fall of 2008

There were two bailouts, one was for the banks and one was for the cars,

 

[IVE GOTTA PACKAGE 4U]

It is ok dems will bail them out like Obama did

Bear Stearns and Lehman Brothers..
They failed

 

[Jkloc420]

Bear Stearns and Lehman Brothers..
They failed

Don't matter, bush did 700 billion and Obama did 800 after that

 

[IVE GOTTA PACKAGE 4U]

Don't matter, bush did 700 billion and Obama did 800 after that

Or we don't have any more money left for bailouts.

And with interest rates being sky high they're paying record amounts on the national debt

 

[Jkloc420]

And who knows where the failure of this bank will lead because we don't know what kind of loans they were selling to other banks or how they were packaged