Breaking News: Major Tech Lender Silicon Valley Bank Fails!
- Thread starter 88m3
- Start date
dora_da_destroyer
Master Baker
Founders fear that the collapse of SVB, which had branches in the UK, Canada, China, Germany, India, Israel, and more, could wipe out startups around the world
Could be in for some Monday morning fukkery...
As we relax over the weekend, there's probably some tense emergency meetings going on a la perhaps the GOAT financial movie:
Could be in for some Monday morning fukkery...
As we relax over the weekend, there's probably some tense emergency meetings going on a la perhaps the GOAT financial movie:
"Being the first out the door isn't panicking"
as much as I read the WSJ and try to follow everything, I don't understand this kind of situation the way I would like to, but I remember Washington Mutual, and I can understand on some level the precariousness that many companies could get hurt, which forces a trickle down effect, companies can't make payroll, employees can't pay for mortgages, it causes a major hole in the financial fabric of like a constellation of interconnected areas.
as much as I read the WSJ and try to follow everything, I don't understand this kind of situation the way I would like to, but I remember Washington Mutual, and I can understand on some level the precariousness that many companies could get hurt, which forces a trickle down effect, companies can't make payroll, employees can't pay for mortgages, it causes a major hole in the financial fabric of like a constellation of interconnected areas.
Question for yall... If no big bank steps in, Do you think that the government should intervene even though customers were not insured?
Say what you will about bank bailouts, but without it, millions of Americans would've been negatively affected. SVB is limited primarily to startups (and their employees) but OTOH, it could have long-term ramifications on innovation within the US if these companies are wiped out overnight. I can see the rational for intervening or for the gov't saying my name's Bennett
Say what you will about bank bailouts, but without it, millions of Americans would've been negatively affected. SVB is limited primarily to startups (and their employees) but OTOH, it could have long-term ramifications on innovation within the US if these companies are wiped out overnight. I can see the rational for intervening or for the gov't saying my name's Bennett
ogc163
Superstar
I think it's highly likely the depositors are made whole.
However there may be some constraints...
choc_cardigan
Squad
Hood Critic
The Power Circle
They should get a partial bailout to help maintain the confidence in the Bond market. If they can commit to 65-70% of customer deposits, the Treasury and Fed should pick up the remaining tab.Question for yall... If no big bank steps in, Do you think that the government should intervene even though customers were not insured?
Say what you will about bank bailouts, but without it, millions of Americans would've been negatively affected. SVB is limited primarily to startups (and their employees) but OTOH, it could have long-term ramifications on innovation within the US if these companies are wiped out overnight. I can see the rational for intervening or for the gov't saying my name's Bennett
ogc163
Superstar
bu bu but Bitcoin
Not even banks are safe
fukk out here with this nonsense
Bboystyle
Bang Bang Packers gang!
oh u got that energy for crypto but not actual banks.
U might be the first ever stan of banks
ogc163
Superstar
You stay posting them fire takes...got more?oh u got that energy for crypto but not actual banks.
U might be the first ever stan of banks