Buckle Up: Silicon Valley Bank Seized by the Fed
- Thread starter John Stark
- Start date
livingston
20×102mm Vulcan
Meanwhile, congress is meeting with treasury and FDIC officials to discuss if taxpayer intervention is needed. {insert eyeroll here}:
theconservativetreehouse.com
Fallout from SVB Collapse Begins Sending Twitches Through Tech Sector, While Congress Meets With Treasury - The Last Refuge
The 44-hour collapse of Silicon Valley Bank (SVB) is having some reverberations amid the tech sector as companies who carried unsecured deposits with the bank are facing an uncertain future. Tech company Roku streaming services holds $487 million in cash reserves at SVB representing 26% of their...
theconservativetreehouse.com
livingston
20×102mm Vulcan
The Employees of Silicon Valley Bank Were Given Annual Bonuses Hours Before the Bank Was Taken Over by Regulators
The employees of the failed Silicon Valley Bank were given their annual bonuses only hours before the bank failed and was taken over by regulators.We learned that the top executives in the bank sold their stock weeks before the crash. This appears to be based on insider information and therefore illegal.
CNBC reported yesterday that hours before the bank failed, the bank paid its employees their annual bonuses:
The Employees of Silicon Valley Bank Were Given Annual Bonuses Hours Before the Bank Was Taken Over by Regulators | The Gateway Pundit | by Joe Hoft
The employees of the failed Silicon Valley Bank were given their annual bonuses only hours before the bank failed and was taken over by regulators. TGP reported on the failed Silicon Valley Bank on Friday. This bank is used by numerous startups and tech companies in Silicon Valley. It’s the...www.thegatewaypundit.com
https://widget.adcovery.com/wc/3600/13529/15027/15027,15898,15938.html
spat
.700 Nitro Express
At that bank there hardly were any "ordinary people".
That's what happened. If they'd had enough "ordinary people" they probably would have weathered the storm, but their depositors were all venture capitalists and tech startups.
spat
.700 Nitro Express
Tell me you have no idea how good we have it without telling me you have no idea how good we have it...No, actually i won`t & don`t give a sh!t. I prepared for it a long time ago. This will hurt the rich snobs far more than it will ever hurt, me.
The rich snobs have a whole hell of alot more to lose than i do. If you`ve never had much of anything to start with, you lose alot less.
If you go back a few years, Trump wanted to crash the central banks, and wipe the slate clean. Why do you suppose he wanted to do that.
Don't you like being able to go to the store to buy food ? Enjoy occasional luxuries like electricity and running water ?
The most prepared loner in the world will still get fucked when the financial house of cards comes down.
Just because you'll be less fucked than most doesn't mean you won't be well and truly fucked.
spat
.700 Nitro Express
We should make literal posters with that face that say "get woke go broke".
So I've been looking into this a little more.
This is going to really screw a lot of the people trying to make money on platforms like Etsy.
Sellers on Etsy who make things and then sell apparently have their funding, sales, revenue etc routed through SVB. their revenue that they earned from things they produced and sold is now being held up not making it to them because Etsy used SVB.
There are likely many other similar occurrences going on with other platforms.
This is going to affect "the little guy" too not just venture capitalists and big bankers
This is going to really screw a lot of the people trying to make money on platforms like Etsy.
Sellers on Etsy who make things and then sell apparently have their funding, sales, revenue etc routed through SVB. their revenue that they earned from things they produced and sold is now being held up not making it to them because Etsy used SVB.
There are likely many other similar occurrences going on with other platforms.
This is going to affect "the little guy" too not just venture capitalists and big bankers
Catskillkid
.450/400 Nitro Ex
I have a solution. I say the guy who does Jeremey's Razors and Jeremy's Chocolates start Jeremy's Banks.
Jsmegs77
.308 Win
Climate tech? Planet at stake? What a maroon. The planet doesn’t care about your stupid little carbon footprint games.
Want to make a difference for the planet? Stop being a fucking slob, personally and corporately. Clean your house, literally and figuratively.
Wondering how many other banks are at risk of a run on Monday morning when they open.....
JunkBoxFull
.308 Win
YAS YASSSS YASSSSSSS, we`ll ALL be fukked, lol. Damn`it spat, suns`abitches better be handing out some kisses with that fukkin, too!
Nahhhh, brother, this needs to happen. Wake these fukking retards up that think everything has to be served to them on a silver platter.
DoOver
.450/400 Nitro Ex
DoOver
.450/400 Nitro Ex
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I am a queer person of color from a working-class background. I organized a host of LGBTQ+ initiatives including a month-long Pride campaign and implemented 'safe space' catch-ups for staff. -Jay Ersapah, head of risk assessment, Silicon Valley Bank Risk assessment for SVB ~
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Now she is a queer person of color without a job. The unemployed pool just got more diverse.
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@HipIsEdo
I am a queer person of color from a working-class background. I organized a host of LGBTQ+ initiatives including a month-long Pride campaign and implemented 'safe space' catch-ups for staff. -Jay Ersapah, head of risk assessment, Silicon Valley Bank Risk assessment for SVB ~
5:41 PM · Mar 11, 2023
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#Woke #WokeAgenda
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DoOver
.450/400 Nitro Ex
Cofefee he speldt 'modern' wrung!!
Dog whistles, hand signs and eye winks a comin' youbetchia!!
Saltwater60
20×102mm Vulcan
What’s worse is now the feds and IRS know who sold what on Etsy.
Saltwater60
20×102mm Vulcan
The Biden admin will
Clearly hire her.
Can't say I disagree with any of that
John Stark
.44 mag
I wonder how gay she's going to be on the unemployment line?
"Don't Worry Be Happy" was a song, not a sound strategy for investment and risk taking...
DoOver
.450/400 Nitro Ex
I'm sure they have a 'diversity hire' line at the employment office, this day and age.
This is NOT good, no sir....
This is NOT good at all.
This is NOT good at all.
That's pretty much exactly what I would expect the government to say almost word for word.
holdover
.475 A&M Magnum
How surprising.
Deplorable Me
.700 Nitro Express
So. How will they blame Trump?