Stock market tips and experiences

cmyx6go · 03-12-2023, 12:20 PM

Quote:

Originally Posted by ASAP

depositors shouldn't in theory be bailed out... everyone knows the fdic 250k limits... cmon lets be real here... it sucks but this is reality

The $250K limit for people, I agree. If you exceed that, open an account at another bank. Businesses are different. They can’t operate limiting accounts to $250k.

Not talking about the bailout, just the limits.

ASAP · 03-12-2023, 12:40 PM

Quote:

Originally Posted by cmyx6go

The $250K limit for people, I agree. If you exceed that, open an account at another bank. Businesses are different. They can’t operate limiting accounts to $250k.

Not talking about the bailout, just the limits.

Yes, we agree here... people knew the risks... the businesses we can argue didn't... but what laws or insurance is there to protect businesses? Is it just the "supposed" good faith of the government backing the bank up... sadly that sounds like a can't fail at all costs scenario which is really bad... i could see any major corporation making the same argument tomorrow if tons of folks 401k's are tied up etc... also, saving a bank while at the same time raising interest rates to increase unemployment is wild... this situation is so screwed i don't even know where to start

kscarrol · 03-12-2023, 01:41 PM

And there it is, Treasury won't bail them out but the Fed will...

https://www.cnbc.com/2023/03/12/fed-...7Cbreakingnews

ASAP · 03-12-2023, 01:48 PM

Quote:

Originally Posted by kscarrol

And there it is, Treasury won't bail them out but the Fed will...

https://www.cnbc.com/2023/03/12/fed-...7Cbreakingnews

how would this even work? who pays for this? even higher interest rates? lol... article makes it sound like FDIC backstop... which then means what... govt bailout

kscarrol · 03-12-2023, 02:10 PM

Yes, no real details. Reads like they won't really help SVB but provide funds to keep the issues isolated at SVB. Don't want a bunch of VC's going under because they have funds at SVB.

RickFLM4 · 03-12-2023, 02:10 PM

Quote:

Originally Posted by kscarrol

And there it is, Treasury won't bail them out but the Fed will...

https://www.cnbc.com/2023/03/12/fed-...7Cbreakingnews

The irony of headlines…

Tyga11 · 03-12-2023, 02:25 PM

The fed is going to have to pause the interest rate hikes. If they continue doing what they're doing they will go down a very dangerous path IMO and we will see more blood.

If the Fed comes out tomorrow and states no more hikes thru the end of the year, that will do wonders.

antzcrashing · 03-12-2023, 02:51 PM

Quote:

Originally Posted by Choptop

The old white haired lady, Yellen, said yesterday that they would not bail out the Silicon Valley bank, but that was yesterday...

Yellen has no power whatsoever.

antzcrashing · 03-12-2023, 02:52 PM

Quote:

Originally Posted by ASAP

depositors shouldn't in theory be bailed out... everyone knows the fdic 250k limits... cmon lets be real here... it sucks but this is reality

Capitalism, which is almost what we have, does not afford bailing out banks. But we live in a political world, not a pure capitalism

Tyga11 · 03-12-2023, 02:55 PM

Quote:

Originally Posted by antzcrashing

Capitalism, which is almost what we have, does not afford bailing out banks. But we live in a political world, not a pure capitalism

I'm against bail outs at every level.

antzcrashing · 03-12-2023, 02:57 PM

Quote:

Originally Posted by Tyga11

I'm against bail outs at every level.

💯 percent agree. This means during COVID, for students, for banks, for SBF, SVB. But at a certain point you believe that the lack of a bailout is worse than the bailout. Idk where that line is, but it certainly ain’t at SVB

ASAP · 03-12-2023, 03:55 PM

it is a bailout, they are just creatively spinning it to prevent mass hysteria... which is why Yellen stepped out and made that confident statement... yet somehow provided 0 details...

"An additional step would be a “general banking facility” from the Federal Reserve that would support other financials with direct exposure to SVB so they wouldn’t have to materially change their business or take steep losses."

That is the shadiest paragraph I've read in a long time...

ASAP · 03-12-2023, 03:59 PM

sounds like allowing access to discount window to ease credit lol... so we raised rates and now we are going to provide more liquidity... we legit live in a simulation

2000cs · 03-12-2023, 05:01 PM

Quote:

Originally Posted by Tyga11

The fed is going to have to pause the interest rate hikes. If they continue doing what they're doing they will go down a very dangerous path IMO and we will see more blood.

If the Fed comes out tomorrow and states no more hikes thru the end of the year, that will do wonders.

They’re also going to have to stop bond sales for a bit, they took too much liquidity out of the banking system, too fast. Many small and regional banks likely have a similar problem (SVB was worse for its own, unique reasons). Also the FED may have to acknowledge that its anti-inflation program is a failure.

antzcrashing · 03-12-2023, 05:20 PM

Just heard from a former coworker that is wrapped up in this mess. His job is at risk. The shoe has dropped. I expect some government intervention at this point.

kscarrol · 03-12-2023, 05:26 PM

Signature Bank in NY shut by regulators….

ASAP · 03-12-2023, 05:37 PM

Quote:

Originally Posted by kscarrol

Signature Bank in NY shut by regulators….

wow lol

kscarrol · 03-12-2023, 05:40 PM

Same Fed/FDIC action will cover Signature as well. Not familiar with Signature…

NickyC · 03-12-2023, 05:40 PM

Yep, Signature is #2.

It's ok though, futures are up. Nothing to see here. The punchbowl is about to filled again, the rich will suck this country dry until there's a complete collapse and utter chaos.

At times such as these, I begin to look around and wonder what the really big story is, and why our attention is being pulled to this.....

NickyC · 03-12-2023, 06:02 PM

Quote:

Originally Posted by ASAP

sounds like allowing access to discount window to ease credit lol... so we raised rates and now we are going to provide more liquidity... we legit live in a simulation

If you have money in a bank that accesses this "discount window", immediately remove all money from said bank as quickly as you can.

Gotta laugh at all the ponzi scheme shitcoins spiking again on the news. They know the rate hikes are done, reductions are coming, and it will be QE forever. This was all so obvious once the Fed starting hiking rates, it was only a (short) amount of time before something big broke. Just what the shitcoin ponzis needed for the next wave of suckers.

Wasn't it....four days ago Powell was talking about additional rate hikes?!?!

Absolute clownworld shitshow with terrible consequences for the vast majority of us.

(the older I get, the more I believe in the simulation theory btw)

2000cs · 03-12-2023, 06:42 PM

https://www.federalreserve.gov/newse...y20230312b.htm

2000cs · 03-12-2023, 06:46 PM

The link I just posted has the joint release of the FED, Treasury and FDIC. Clearly they were worried about contagion as many banks have similar balance sheet issues, plus several banks no doubt had deposits at SVB and Sig. If their deposits are suddenly worthless or unavailable, they have liquidity problems, and so it all begins to unwind.

Whether or not you like bailouts, or deposit backstops, they had to act or we’d see a collapse of the banking system.

One outcome of this will be further concentration of banks in the US into a few, very large institutions. I expect a few forced mergers to be announced within the week.

03-12-2023, 01:41 PM	#7659
kscarrol Brigadier General 10063 Rep 4,150 Posts Drives: 2021 X3 M40i, 1974 2002 Tii Join Date: Jun 2010 Location: Greenville, SC iTrader: (0)	And there it is, Treasury won't bail them out but the Fed will... https://www.cnbc.com/2023/03/12/fed-...7Cbreakingnews __________________ 2025 Lexus GX 550 Overtrail 1974 2002tii, Inka, 5 sp manual BMWCCA # 327475
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03-12-2023, 02:10 PM	#7661
kscarrol Brigadier General 10063 Rep 4,150 Posts Drives: 2021 X3 M40i, 1974 2002 Tii Join Date: Jun 2010 Location: Greenville, SC iTrader: (0)	Yes, no real details. Reads like they won't really help SVB but provide funds to keep the issues isolated at SVB. Don't want a bunch of VC's going under because they have funds at SVB. __________________ 2025 Lexus GX 550 Overtrail 1974 2002tii, Inka, 5 sp manual BMWCCA # 327475
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03-12-2023, 02:25 PM	#7663
Tyga11 Lieutenant Colonel 3650 Rep 1,776 Posts Drives: M3 Comp Join Date: Jul 2019 Location: Arizona iTrader: (0)	The fed is going to have to pause the interest rate hikes. If they continue doing what they're doing they will go down a very dangerous path IMO and we will see more blood. If the Fed comes out tomorrow and states no more hikes thru the end of the year, that will do wonders.
	Appreciate 0 Quote

03-12-2023, 03:55 PM	#7668
ASAP Major General 11492 Rep 9,353 Posts Drives: '23 X3 M40i Join Date: Sep 2012 Location: FL iTrader: (0)	it is a bailout, they are just creatively spinning it to prevent mass hysteria... which is why Yellen stepped out and made that confident statement... yet somehow provided 0 details... "An additional step would be a “general banking facility” from the Federal Reserve that would support other financials with direct exposure to SVB so they wouldn’t have to materially change their business or take steep losses." That is the shadiest paragraph I've read in a long time... __________________ 2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
	Appreciate 2 antzcrashing1956.00 NickyC19842.00 Quote

03-12-2023, 03:59 PM	#7669
ASAP Major General 11492 Rep 9,353 Posts Drives: '23 X3 M40i Join Date: Sep 2012 Location: FL iTrader: (0)	sounds like allowing access to discount window to ease credit lol... so we raised rates and now we are going to provide more liquidity... we legit live in a simulation __________________ 2 x N54 -> 1 x N55 -> 1 x S55-> 1 x B58
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03-12-2023, 05:20 PM	#7671
antzcrashing Brigadier General 1956 Rep 3,271 Posts Drives: 2018 BMW 440i GC Join Date: Sep 2007 Location: Eastern MA iTrader: (1) Garage List 2018 BMW 440i GC xD ... [9.75]	Just heard from a former coworker that is wrapped up in this mess. His job is at risk. The shoe has dropped. I expect some government intervention at this point.
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03-12-2023, 05:26 PM	#7672
kscarrol Brigadier General 10063 Rep 4,150 Posts Drives: 2021 X3 M40i, 1974 2002 Tii Join Date: Jun 2010 Location: Greenville, SC iTrader: (0)	Signature Bank in NY shut by regulators…. __________________ 2025 Lexus GX 550 Overtrail 1974 2002tii, Inka, 5 sp manual BMWCCA # 327475
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03-12-2023, 05:40 PM	#7674
kscarrol Brigadier General 10063 Rep 4,150 Posts Drives: 2021 X3 M40i, 1974 2002 Tii Join Date: Jun 2010 Location: Greenville, SC iTrader: (0)	Same Fed/FDIC action will cover Signature as well. Not familiar with Signature… __________________ 2025 Lexus GX 550 Overtrail 1974 2002tii, Inka, 5 sp manual BMWCCA # 327475
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03-12-2023, 05:40 PM	#7675
NickyC Lieutenant General 19842 Rep 11,465 Posts Drives: M4 CS. Former G82, x2 F82, F80 Join Date: Nov 2010 Location: Jacked out of my mind iTrader: (23)	Yep, Signature is #2. It's ok though, futures are up. Nothing to see here. The punchbowl is about to filled again, the rich will suck this country dry until there's a complete collapse and utter chaos. At times such as these, I begin to look around and wonder what the really big story is, and why our attention is being pulled to this.....
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03-12-2023, 06:42 PM	#7677
2000cs Captain 4122 Rep 1,003 Posts Drives: Potato Join Date: Feb 2012 Location: USA iTrader: (1)	https://www.federalreserve.gov/newse...y20230312b.htm
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03-12-2023, 06:46 PM	#7678
2000cs Captain 4122 Rep 1,003 Posts Drives: Potato Join Date: Feb 2012 Location: USA iTrader: (1)	The link I just posted has the joint release of the FED, Treasury and FDIC. Clearly they were worried about contagion as many banks have similar balance sheet issues, plus several banks no doubt had deposits at SVB and Sig. If their deposits are suddenly worthless or unavailable, they have liquidity problems, and so it all begins to unwind. Whether or not you like bailouts, or deposit backstops, they had to act or we’d see a collapse of the banking system. One outcome of this will be further concentration of banks in the US into a few, very large institutions. I expect a few forced mergers to be announced within the week.
	Appreciate 0 Quote