Silicon Valley Bank

[jerryskids 7,199]

25 minutes ago, The Real timschochet said:

For those who don’t know (I’m sure you do), the whole reason the FDIC exists is because in 1933 we had bank runs that spread like wildfire and paralyzed the economy. And yes people did panic- wirhout any specific information about their own bank they rushed to get their money out. FDR was forced to declare a bank holiday for a week. In this he was supported, at the time, by both liberals and conservatives, though the latter reversed themselves later once the emergency had passed. 

I am aware thanks, and for the record I do not oppose the FDIC, in fact it helped us out years ago.  I'm more wondering about why we would set up limits of $250K, and then when the insurance needs to be used, we say "just kidding about the $250K".  

[GutterBoy 2,900]

2 minutes ago, jerryskids said:

I am aware thanks, and for the record I do not oppose the FDIC, in fact it helped us out years ago.  I'm more wondering about why we would set up limits of $250K, and then when the insurance needs to be used, we say "just kidding about the $250K".  

It used to be $100K, then got bumped to $250K as part of Dodds Frank I believe, and also as part of Dodds Frank it was discretionary with this special assessment possibility, which is what we're seeing, for extreme events.

If this was limited in scope, I believe that the FDIC wouldn't have gone over the $250K, but since there was contagion creeping up, they acted in the best interest of containing it.

[Hardcore troubadour 16,060]

34 minutes ago, The Real timschochet said:

Back then? Sure that’s exactly how it worked. As news of the lines would spread they’d get bigger, sometimes stretching for blocks, especially in the bigger cities. 
 

Are you referring to today? I’ve no idea how it would work today; why? 

Because you keep talking about a bank run that was prevented. Again, explain how that would work in this situation, not in 1933. 

[TimHauck 3,442]

 

 

 

 

 

 

[GutterBoy 2,900]

Ha!  That's where Tardcore got his story.

[JustinCharge 2,397]

white liberals can call in the military to remove migrants of color from new england.  white liberals can be made whole beyond the $250k FDIC insured in san francisco. 

just to let you know who is running things.

if it became a massive contagion, super rich white liberals in the white house will bail out super white rich liberals in corporate america and suddenly sing the virtues of trickle-down again like they did in 2008 and not give the rest a bone.  the liberal MSM wont call them out and the poor will be told to hate the republicans.  rusty will gobble it all down and regurgitate the talking points here running the guilt trips like a good little boy, probably blaming trump again.

[The Real timschochet 7,559]

8 minutes ago, Hardcore troubadour said:

Because you keep talking about a bank run that was prevented. Again, explain how that would work in this situation, not in 1933. 

Hmm. 

1. Have you ever taken an economics class? 
2. Have you ever dealt with a bank transaction over $500? 
3. Have you ever taken out a loan? 
4. Have you ever talked to a banker?

I know that to most people these questions might come across as rather insulting but in your case, based on your posts, they seem to be pretty warranted. 

 

 

[avoiding injuries 1,656]

35 minutes ago, Cdub100 said:

Is this build back better?

IT’S WORKING OUT JUST LIKE BIDEN PLANNED AND HE SHOULD BE GETTING ALL THE CREDIT FOR SAVING OUR ECONOMY!!!

[The Real timschochet 7,559]

Just now, avoiding injuries said:

IT’S WORKING OUT JUST LIKE BIDEN PLANNED AND HE SHOULD BE GETTING ALL THE CREDIT FOR SAVING OUR ECONOMY!!!

Are you willing to give him credit for his actions since Friday? 

[GutterBoy 2,900]

1 minute ago, The Real timschochet said:

Hmm. 

1. Have you ever taken an economics class? 
2. Have you ever dealt with a bank transaction over $500? 
3. Have you ever taken out a loan? 
4. Have you ever talked to a banker?

I know that to most people these questions might come across as rather insulting but in your case, based on your posts, they seem to be pretty warranted. 

 

 

He never went to college and has worked as a security guard his whole life.  He watches FoxNews and repeats what they say and thinks he's smart.  He's everything that is wrong with this country.

[The Real timschochet 7,559]

4 minutes ago, GutterBoy said:

He never went to college and has worked as a security guard his whole life.  He watches FoxNews and repeats what they say and thinks he's smart.  He's everything that is wrong with this country.

Security guard? Does that mean his mom is paying him to watch her basement? 

[avoiding injuries 1,656]

10 minutes ago, The Real timschochet said:

Are you willing to give him credit for his actions since Friday? 

No. He doesn’t have the mental capability to perform any actions. 

[Hardcore troubadour 16,060]

15 minutes ago, The Real timschochet said:

Hmm. 

1. Have you ever taken an economics class? 
2. Have you ever dealt with a bank transaction over $500? 
3. Have you ever taken out a loan? 
4. Have you ever talked to a banker?

I know that to most people these questions might come across as rather insulting but in your case, based on your posts, they seem to be pretty warranted. 

 

 

Yes. Now tell me how this bank run would play out.  You seem to be avoiding.  

[TimHauck 3,442]

23 minutes ago, JustinCharge said:

white liberals can call in the military to remove migrants of color from new england.  white liberals can be made whole beyond the $250k FDIC insured in san francisco. 

just to let you know who is running things.

if it became a massive contagion, super rich white liberals in the white house will bail out super white rich liberals in corporate america and suddenly sing the virtues of trickle-down again like they did in 2008 and not give the rest a bone.  the liberal MSM wont call them out and the poor will be told to hate the republicans.  rusty will gobble it all down and regurgitate the talking points here running the guilt trips like a good little boy, probably blaming trump again.

so white liberals in corporate america will be bailed out but white conservatives won't?

[Hardcore troubadour 16,060]

Just now, TimHauck said:

so white liberals in corporate america will be bailed out but white conservatives won't?

East Palestine ring a bell? 

[GutterBoy 2,900]

1 minute ago, TimHauck said:

so white liberals in corporate america will be bailed out but white conservatives won't?

Clearly.  The FDIC checks the voting record of each account holder before deciding if they should get their money.

[Hardcore troubadour 16,060]

10 minutes ago, The Real timschochet said:

Security guard? Does that mean his mom is paying him to watch her basement? 

This guy. Daddy’s boy. You’re a regular Horatio Alger story.  The American dream.  Steal it or inherit it. 

[Hardcore troubadour 16,060]

6 minutes ago, avoiding injuries said:

No. He doesn’t have the mental capability to perform any actions. 

Another day of Gutterboy with his nose to the grindstone, putting in the work.  Lol 

[Strike 6,034]

ROFLMAO:

https://www.wsj.com/articles/kpmg-faces-scrutiny-for-audits-of-svb-and-signature-bank-42dc49dd

[nobody 2,939]

5 hours ago, The Real timschochet said:

It sure seems like Biden’s plan is working. Will conservatives give him credit for his actions since Friday? Doubtful, but he appears to deserve it. 

It's not over until the 10% makes it to the big guy.

[GutterBoy 2,900]

33 minutes ago, Hardcore troubadour said:

Yes. Now tell me how this bank run would play out.  You seem to be avoiding.  

What is it that you need to be explained to you, Blart?  Why don't you google "SVB Bank run" and learn something for focks sake.

[Alias Detective 1,475]

It seems to me precedent has been set.  There is ZERO limit on what the FDIC will cover.  Tell me I am wrong?

[GutterBoy 2,900]

2 minutes ago, Alias Detective said:

It seems to me precedent has been set.  There is ZERO limit on what the FDIC will cover.  Tell me I am wrong?

If someone had a 700 trillion dollar account balance, I don't believe the FDIC would cover it.  So you're wrong.

[Hardcore troubadour 16,060]

10 minutes ago, GutterBoy said:

What is it that you need to be explained to you, Blart?  Why don't you google "SVB Bank run" and learn something for focks sake.

You can’t explain it either. Shutup until you can. 

[GutterBoy 2,900]

Just now, Hardcore troubadour said:

You can’t explain it either. Shutup until you can. 

holy sh1t bro really doesn't know what a bank run is.

Alright tardcore, a bank run is when account holders of a bank withdraw more funds than the bank has available, in the simplest of terms.

I've said this before, but It's a Wonderful Life is a good example.

Here is an article that explains it: https://www.cnn.com/2023/03/14/tech/viral-bank-run/index.html

I also found this video for you with neat graphics.  Hope this helps.

 

[Alias Detective 1,475]

16 minutes ago, GutterBoy said:

If someone had a eleventy billion dollar account balance, I don't believe the FDIC would cover it.  So you're wrong.

If my aunt had balls she would be my uncle except in your world she would still be your aunt or your uncle.

[GutterBoy 2,900]

1 minute ago, Alias Detective said:

If my aunt had balls she would be my uncle except in your world she would still be your aunt or your uncle.

Well you said there is ZERO limit, when we know there is a limit.

[nobody 2,939]

13 minutes ago, Hardcore troubadour said:

You can’t explain it either. Shutup until you can. 

The concept of a bank run is so obvious and well defined people are assuming you're setting some trap since it's hard to believe people don't know what a bank run is.  Perhaps if you just made your point or asked a more specific question.

Not knowing what a bank run is would be like thinking football players wear metal helmets.

[Alias Detective 1,475]

1 minute ago, GutterBoy said:

Well you said there is ZERO limit, when we know there is a limit.

Well all knowing, what is the limit then?

[GutterBoy 2,900]

3 minutes ago, Alias Detective said:

Well all knowing, what is the limit then?

I have no idea, but there is one.  You stated that there isn't one and asked someone to tell you you're wrong, so I did.  Don't be mad at me because you said something stupid.

[Alias Detective 1,475]

4 minutes ago, GutterBoy said:

I have no idea, but there is one.  You stated that there isn't one and asked someone to tell you you're wrong, so I did.  Don't be mad at me because you said something stupid.

Prove 1 million wont be covered.  Then do 2 million, then 3 million and tell me where the line is all knowing.  You want to play child games, go fetch me my information biatch.

 

An no one has a trillion is a single bank dipshit.  Bwahahahahahahah

[GutterBoy 2,900]

1 minute ago, Alias Detective said:

Prove 1 million wont be covered.  Then do 2 million, then 3 million and tell me where the line is all knowing.  You want to play child games, go fetch me my information biatch.

You made the statement, I proved you wrong, I have no interest in playing your games.  I'm sorry you're butthurt on being called out for your stupidity.  You only have yourself to be upset with.

[Dizkneelande 1,136]

The system is rigged and the left celebrate the decimation of the working class. Truly evil people.

Who said this?

“Never again will the American taxpayer be held hostage by a bank that is too big to fail.”

[GutterBoy 2,900]

3 minutes ago, Dizkneelande said:

The system is rigged and the left celebrate the decimation of the working class. Truly evil people.

Who said this?

“Never again will the American taxpayer be held hostage by a bank that is too big to fail.”

bro, the bank failed.

[Dizkneelande 1,136]

1 minute ago, GutterBoy said:

bro, the bank failed.

Retarded person 

[Hardcore troubadour 16,060]

34 minutes ago, GutterBoy said:

holy sh1t bro really doesn't know what a bank run is.

Alright tardcore, a bank run is when account holders of a bank withdraw more funds than the bank has available, in the simplest of terms.

I've said this before, but It's a Wonderful Life is a good example.

Here is an article that explains it: https://www.cnn.com/2023/03/14/tech/viral-bank-run/index.html

I also found this video for you with neat graphics.  Hope this helps.

 

 

27 minutes ago, nobody said:

The concept of a bank run is so obvious and well defined people are assuming you're setting some trap since it's hard to believe people don't know what a bank run is.  Perhaps if you just made your point or asked a more specific question.

Not knowing what a bank run is would be like thinking football players wear metal helmets.

The point is, this bailout had to be rushed to prevent a bank run on Monday morning. That’s what we were told.  But the banks don’t have the cash on hand to give out, so the whole bank run thing is nonsense. It was fear mongering. 

[TimHauck 3,442]

18 minutes ago, Dizkneelande said:

The system is rigged and the left celebrate the decimation of the working class. Truly evil people.

Who is celebrating the decimation of the working class?  Besides Tucker probably 

[GutterBoy 2,900]

2 minutes ago, Hardcore troubadour said:

Lol. How much cash, in 2023, do you think banks have on hand? 

 

The point is, this bailout had to be rushed to prevent a bank run on Monday morning. That’s what we were told.  But the banks don’t have the cash on hand to give out, so the whole bank run thing is nonsense. It was fear mongering. 

You do understand that online banking is a thing, right?  And that someone can transfer money from one account to another, right?  They don't have to go to the bank, get the cash, and then drive it over to another bank, right?  You are aware of this?  Please tell me you know this.

[GutterBoy 2,900]

Also the bank run for SVB already happened and the bank was taken over last week.  The FDIC move on Sunday was to stop the contagion.  What that means is they didn't want the same thing happening at other banks.

[Hardcore troubadour 16,060]

2 minutes ago, GutterBoy said:

You do understand that online banking is a thing, right?  And that someone can transfer money from one account to another, right?  They don't have to go to the bank, get the cash, and then drive it over to another bank, right?  You are aware of this?  Please tell me you know this.

Yeah I do. And where are they going to transfer it to? Another bank, that’s where  Bank run my ass. And Timmy was using 1933 as an example.  But you don’t tell him how stupid that is.