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Author Topic: SVB Collapse  (Read 2233 times)

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Offline Libertas

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SVB Collapse
« on: March 12, 2023, 11:36:35 AM »
https://www.zerohedge.com/markets/collapse-svb-portends-real-dangers

Sure, effed by the batshyt-crazy Fed, Treasury fools and deficit-spending UniParty imbeciles...

But, woefully poorly managed...

..and...uhh...well, distracted from core business operations into totally stupid super-small minority ass-kissing BS!

https://www.zerohedge.com/markets/fatal-distraction-senior-svb-risk-manager-oversaw-woke-lgbt-programs

Go woke, everybody go broke.

And I am guessing those depositors being "helped" are of the under-limit variety...

https://www.zerohedge.com/markets/yellen-says-government-will-help-svb-depositors-no-bailout-fed-fdic-hopes-talk-special

SSDD - https://twitter.com/Fynnderella1/status/1634685576677928960

...let's see where the contagion flows...

Don't expect idiots to be less idiotic...
« Last Edit: March 12, 2023, 11:43:09 AM by Libertas »
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Offline patentlymn

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Re: SVB Collapse
« Reply #1 on: March 12, 2023, 12:00:00 PM »
https://voxday.net/2023/03/11/bosenschadenfreude/
Bösenschadenfreude

ITEM: BREAKING: HARRY AND MEGHAN STAND TO LOSE MILLIONS IN COLLAPSE OF SVB BANK. Sources tell iSN the couple set up accounts following the advice of friends in Silicon Valley. “This is a major blow,” said our source, “They had all of Harry’s money there.”

ITEM: OPRAH LOSES MILLIONS IN SVB COLLAPSE. iSN has learned Oprah kept millions at the failed bank. “Like other celebs she went all in and now may have lost serious money,” said a person familiar with the situation.

That’s just too good to be true, isn’t it? Is there really that much justice to be found in a fallen word?
also

https://voxday.net/2023/03/10/first-domino-down/
https://voxday.net/2023/03/12/knock-on-effects/
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Offline Libertas

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Re: SVB Collapse
« Reply #2 on: March 12, 2023, 02:39:22 PM »
 ::hysterical::

"Just a flesh wound"

 ::laughonfloor::

Way to go, Forbes!

Meghan and her wife could be in trouble, Orca likely has stuff stashed in a number of elsewhere's...

The smaller businesses affected likely to be screwed, be some vineyards and such going for pennies on the dollar soon...

They livelihoods lost, oh well, price of buying into crook executives and wokism...
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Offline patentlymn

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Re: SVB Collapse
« Reply #3 on: March 12, 2023, 05:01:58 PM »
From one of your links.
The SVB went without a chief risk officer for most of a year. The duties were performed by a woman who spent half her time on wokeness.

Isn't the FDC supposed to keep an eye on this sort of thing?

Also, the SVB execs gave themselves an annual bonus right before the collapse.

Also, Dems blaming Trump for not renewing Dodd Frank or some such.
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Offline Pandora

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Re: SVB Collapse
« Reply #4 on: March 12, 2023, 08:59:28 PM »
http://thezman.com/wordpress/

Managerial Polyarchy

What he says is much of the West spends its time on managing people's relationships with each other, not on core business practices.

That's businesses and government.

I believe he's right.
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Offline patentlymn

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Re: SVB Collapse
« Reply #5 on: March 12, 2023, 10:05:22 PM »
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Offline Libertas

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Re: SVB Collapse
« Reply #6 on: March 13, 2023, 08:32:47 AM »
Z is right, it's the same contagion that makes DemoCommies think they have a birthright to political leadership, that makes Cucks think they are different from DemoCommies when they are not and makes business leaders think they are the elect of the professional class.  It's actually worse, all rely on a small group of other competent people to do the icky details of looking at data and decisions rationally...only to be ignored by the elite executives when they raise alarms.

Don't sweat it Pat, it is simply a clean balance sheet versus a troubled one.  In banking assets are loans and liabilities are deposits...and like any business it's managing your margin that matters...you need to earn more on assets than you pay in liabilities...and thanks to one Ivy League or MIT wiz kid or another...things got mucked up with hedging and derrivatives which I won't discuss because it can get really messy, but you bet wrong on your hedges and you can accelerate a mediocre balance sheet issue into a sketchy one in very little time.

And now Signature Bank caught the bug...

https://thepostmillennial.com/signature-bank-de-banked-trump-after-jan-6-now-the-regulators-have-shut-them-down

I hope their customers still feel good about their sh*t-managed bank's Orange Man Bad attitude!  They really had their financial house in disorder, eh?

 ::hysterical::

And, for even more giggles - https://twitter.com/KanekoaTheGreat/status/1635063605245931522

 ::hysterical::

https://jdrucker.com/yellen-initiates-magic-money-printer-solution-for-banking-crisis-after-fdic-shuts-down-another-bank-sunday/

Just a "depositor" bailout...

Riiiiiight....

 ::mooning::

And yes, the precedent is locked-in...

http://endoftheamericandream.com/the-federal-reserve-just-made-an-emergency-decision-which-will-fundamentally-change-banking-in-america-forever/

https://www.zerohedge.com/markets/first-republic-shares-crash-60-regional-bank-crisis-confidence-spreads

We could be witnessing a total capitulation to Zimbabwe style paper chase...

You don't want to invest in barter items now while you have any value...you NEED to invest in barter items now...it is likely the last opportunity you have before the total sh*t-show kicks in.

https://www.zerohedge.com/markets/2y-treasury-yields-plunge-most-black-monday-gold-soars-rate-hike-odds-collapse

H/T-WRSA@GAB
« Last Edit: March 13, 2023, 09:37:35 AM by Libertas »
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Offline Pandora

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Re: SVB Collapse
« Reply #7 on: March 13, 2023, 10:47:42 AM »
Apparently, there were few-to-none looking at the "icky details" of actually running the bank, as Zman said:

Quote
... He (Bernie Marcus) continued, “I think that the system, that the administration has pushed many of these banks into more concerned about global warming than they do about shareholder return. And these banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is shareholder returns. Instead of protecting the shareholders and their employees, they are more concerned about the social policies. And I think it’s probably a badly run bank.

Like so many other businesses today.

https://www.breitbart.com/clips/2023/03/12/bernie-marcus-woke-silicon-valley-bank-was-more-concerned-about-global-warming-than-shareholder-returns/

Breitbart article very BADLY edited.
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Offline Libertas

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Re: SVB Collapse
« Reply #8 on: March 13, 2023, 02:04:29 PM »
Quote from: Pandora on March 13, 2023, 10:47:42 AM
Apparently, there were few-to-none looking at the "icky details" of actually running the bank, as Zman said:

Quote
... He (Bernie Marcus) continued, “I think that the system, that the administration has pushed many of these banks into more concerned about global warming than they do about shareholder return. And these banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is shareholder returns. Instead of protecting the shareholders and their employees, they are more concerned about the social policies. And I think it’s probably a badly run bank.

Like so many other businesses today.

https://www.breitbart.com/clips/2023/03/12/bernie-marcus-woke-silicon-valley-bank-was-more-concerned-about-global-warming-than-shareholder-returns/

Breitbart article very BADLY edited.

Very badly edited, Andrew would not be pleased!



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Offline Libertas

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Re: SVB Collapse
« Reply #9 on: March 13, 2023, 02:24:52 PM »
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Offline Pandora

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Re: SVB Collapse
« Reply #10 on: March 13, 2023, 02:49:24 PM »
Andrew Wilkow was playing Biden's speech --- I had to tune out.
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Offline patentlymn

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Re: SVB Collapse
« Reply #11 on: March 14, 2023, 06:49:05 AM »

Dreizin again over my head. Short.
https://thedreizinreport.com/2023/03/13/svb-duration-risk-talking-points-are-govt-finance-lobby-propaganda-to-blame-mgmt-at-1-or-2-banks-deflecting-from-real-issue-sbvs-ffiec-form-31-indicates-no-duration-problem-which-is-imagina/
...
**ALL** U.S. Banks “Over-Invested” in AAA Bonds (As Opposed To Holding Loans As Large Majority Of Their Assets) Are Likely INSOLVENT. As I Wrote Last Time, AAA Is The New Subprime… Until Fed “Pivots.” Interest Rate Hikes Are DONE. This is the PIVOT MOMENT. Prepare For Years of Inflation.
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Offline ToddF

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Re: SVB Collapse
« Reply #12 on: March 14, 2023, 07:01:08 AM »
US government bonds are no longer the "safe" investment they once were.  SVB didn't hold toxic mortgages or other "risky" debt.  They held US bonds, some of the worst investments to be had the past few years.  The "safe" half of my portfolio is also in pain.  Been there, doing that.  Except I have time to let the ship right.  Eventually the interest rate my bond fund kicks out will rise to the level of inflation and when that happens, the value of my bonds will rise back to their natural levels.  SVB didn't have that time.  Game over.
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Offline Libertas

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Re: SVB Collapse
« Reply #13 on: March 14, 2023, 09:31:07 AM »
https://twitter.com/MostlyPeacefull/status/1635329254396420102

Yes, by bailing out stupidly managed banks and their BigTech buddies they have in fact triggered a de facto nationalization of the banking industry, one Fed-Head even made the insane comment "we have infinite cash"...this ends Fed tightening, the combination of reckless unaccountable government spending, wars, backfired sanctions, energy independence ending/sovereignty ending ESG/NetZero & WHO madness and endless corruption and incompetenece in politics and business ensures our fate is sealed to something far worse than Venezuela or Zimbabwe...thanks to each and every one of these assholes!

Also, place bets on going back to lowering rates...sucking people back into loans...then slaughtered like sheep when the hyper-inflation demon is let loose...

Kinda warped...but pretty damn close to how I react...the insanity is so potent and endemic...it's laugh or cry...

https://media.gab.com/system/media_attachments/files/131/778/318/playable/e1b60fd3dcc45931.mp4

...but underneath it all is a seething righteous anger.

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Offline Libertas

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Re: SVB Collapse
« Reply #14 on: March 14, 2023, 12:42:46 PM »


And I hear a "group" of "investors" are suing...good luck with that...

In other news...

Moody’s put First Republic Bank (FRC), Zions (ZION), Western Alliance (WAL), Comerica (CMA), UMB Financial (UMBF) and Intrust Financial on ‘downgrade’ watch.

In a harsh blow to an already-reeling sector, Moody’s Investors Service cut its view on the entire banking system to negative from stable.

https://www.thegatewaypundit.com/2023/03/developing-moodys-cuts-outlook-for-entire-us-banking-sector-puts-six-banks-on-downgrade-watch/

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Offline patentlymn

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Re: SVB Collapse
« Reply #15 on: March 14, 2023, 05:00:32 PM »
Kim Iversen gives her understanding in 7 min.
Even I can understand this.
She says that the fed could have injected liquidity  as the bank was solvent but chose to take it over to obtain control over the companies. She says this will be used so big banks will take over small banks.

https://youtu.be/DUBKdzG5vcY
 The Collapse Of Silicon Valley Bank Is Meant To Control Big Tech and Usher In CBDC
Kim Iversen





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Offline Libertas

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Re: SVB Collapse
« Reply #16 on: March 15, 2023, 09:03:42 AM »
Sure, they/them control the biggies, getting rid of the uncorrupted makes sense...from their twisted point of view...

H/T-WRSA@GAB

https://www.zerohedge.com/markets/treasury-yields-collapse-after-first-republic-downgrade-junk

Oh yeah...
« Last Edit: March 15, 2023, 09:15:10 AM by Libertas »
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Offline patentlymn

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Re: SVB Collapse
« Reply #17 on: March 15, 2023, 06:42:09 PM »

Kim Iversen nails it again. Says US govt threatens US banks over crypto. Says some US rich guy was pumping crypto while dumping all his.

Fast paced.
https://youtu.be/BfUJnKFacNU
 SVB, Signature Bank and Silvergate Were PURPOSEFULLY Collapsed In Order To CRUSH Crypto
Kim Iversen

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Offline patentlymn

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Re: SVB Collapse
« Reply #18 on: March 16, 2023, 12:17:32 PM »
Dreizin goes into details that are all over my head.
https://thedreizinreport.com/2023/03/15/silicon-valley-bank-and-donetsk/
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Offline Libertas

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Re: SVB Collapse
« Reply #19 on: March 17, 2023, 12:02:26 PM »
Choppy language.  Bonds yields inversely related to rates.  Bank margins I talked about before.  They've gotten greedy in the easy money zirp/nirp world of Fed...pay little on depositors, rake in on borrowers, but when rates go up lending usually contracts and if depositors not given good juice on their accounts they'll go elsewhere...it's a queeze play...and the squeeze is amped up by the inherit evils of fractional reserves in lending...no amount of hedging can save you, at best it merely kicks the reckoning down the road a bit...unless you effed up your hedge in which case the kicked can hits you in the face and knocks you out.
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