Faber gets way too little airtime on CNBC... he's excellent too.

@BOBBY1006

Жыл бұрын

Faber and Steve Liesman are both excellent and could use more airtime

97% uninsured 😂😂😂😂😂😂😂😂

@Hidden2u

Жыл бұрын

@Gold Tau Payouts by the FDIC to depositors are funded by premiums paid by banks, not our tax dollars.

@KB-nt7eg

Жыл бұрын

​@Gold Tau 31 trillion dollars in debt would take 330 million adults paying 1 million in taxes per year for 98,000 years. You think any of the current debt is yours? Crazy.

@KB-nt7eg

Жыл бұрын

​​​@@Hidden2u 31 trillion in debt. The banks don't have money to pay. Your logic is that a bank that is defaulting because it doesn't have the liquidity, can pay the people back.

@Hidden2u

Жыл бұрын

@@KB-nt7eg This might be out of your expertise so let me explain further: operating banks are required to pay insurance premiums to the FDIC to cover any payouts that may be needed in the event of a collapsed bank. These premiums are what is used to cover up to $250k per account when a bank fails-not tax payer dollars. Only the first $250k is insured so any amount above that is at significant risk of being permanently lost (hence the run on SVB). The only hope at recovery is either 1) another bank comes in and buys the collapsed bank or 2) once the collapsed bank’s assets are sold, there’s sufficient money to give depositors back their deposited funds. There’s no tax payer bailout. Hope this information is helpful! Have a good one!

@slovenasimkaras_ztelegrame3287

Жыл бұрын

@@Hidden2u first in line employers & creditors, last people who risked. Ponzi scheme as usual. Run from U.S banks cuz $ system is shrinking & more banks will follow soon. If systemically important fails then chain reaction. FED got 8 trillions at all to save global $ economy + invest in new one. Now imagine the magnitude financial assets must shrink. 😂

VC just wants a crash to make the FED pivot.

@MMAallday67

Жыл бұрын

The fed can't pivot on this. The economy is waaay too hot, the administration continues out of control spending an unemployment is too low to counter inflation.

@YTSparty

Жыл бұрын

The irony is, VC is why we need 5+% fed rates. The money going down the toilet for stupid waste of capital is why 0% rates were stupid. This will only embolden the Fed to raise rates further.

This is hilarious, now not only did this bank go under, but now hundreds and possibly thousands of businesses are going to go out of business b/c they lost all their deposited money

@JJJJ-lz1vv

Жыл бұрын

Brendon you're lost.

@dbc7772011

Жыл бұрын

The were extremely risky business ventures to begin with. I would prefer they suffer financially from their loses and not get bailed out.

Something told me to take my $85.00 out yesterday so I rushed to the ATM and withdrew (8) $10.00 bills. Drove to the gas station and used my debit card to use the remaining $5 for lotto tickets. Always trust your intuition!

@KB-nt7eg

Жыл бұрын

​@@muadhnate the guy making fun of others for their situation is usually the guy whose completely broke. Ie: you

No bailouts this time. Let them fail

We have never seen a bank run. nothing too see here, everything be fine 😉

They need to change it for every employer that holds a bank account so that the employer buys 250k insurance for a few bucks for every employee they payroll by that bank account, treating each employee as an account liability. Obviously 250k per employer's account doesn't cut it.

Why would anyone make deposits that aren’t insured?

@bigpicturethinking5620

Жыл бұрын

Because there are limits on deposit insurance?

@nhmooytis7058

Жыл бұрын

@@bigpicturethinking5620 so don’t deposit more than $250k in any one bank.

@bigpicturethinking5620

Жыл бұрын

@@nhmooytis7058 so if someone has 50 million? Open 200 accounts in 200 banks?

@lylestavast7652

Жыл бұрын

@@bigpicturethinking5620 people do that all the time and wire it back when needed...

@KB-nt7eg

Жыл бұрын

​@@bigpicturethinking5620 if you have 50 million and want it all insured, sure. But it's not 250k per bank. It's 250k per account in different categories per bank. If you drown in water when you stay under for too long, is it a hassle to keep your head a float? You're asking a question in an annoyed manner when you'll never even acquire 50 million, clearly with the way you think.

Let’s pretend the depositors aren’t VC millionaires and tech companies who used the bank like a hedge fund.

@RealShaktimaan

Жыл бұрын

And?

@k.t.5405

Жыл бұрын

The venture capital community basically created a run on SVB, which is why Peter "MAGArat" Thiel needs to be investigated.

@matt7iron

Жыл бұрын

Last time i reached fo my Wallet and Lost my Aeussez was when i brought a 1980 Chevy Camaro in 1986 for $3,000 and i got 5,000 miles outta it before the Tranny blew and then one problem after the next, im glad im not loosing my Aeussez like some of these bank investors, their Aeussezz is no mo.

@KB-nt7eg

Жыл бұрын

You clearly have no idea what a hedge fund is if you think people use a bank as a hedge fund. Jesus Christ you are stupid.

I would not get really excited about this until about Tuesday PM. That'll give the receiver and FDIC time to look, get a handle on what's up and some options. Likewise, potential assistors are figuring out what they've got available and how much they're willing to apply toward some solutions ... give them a good 4 day period, they'll all be working 7/24 that time.

Nothing compared to what’s going on with $BBBY

Awesome Inc is a different way thanks

Who gives a crap about SillyCon Valley companies except to make them pay ordinary employees?

if fdic covers more than 250k, they should cover every bank in usa same way, that is a precedent. thoses businesses can sell equity to raise capital.

mr crabs could have done a better job

Sorry “tech bros”, you should have put your money in Bitcoin.

Powell has been saying 2% inflation is the goal at all costs

@bigpicturethinking5620

Жыл бұрын

If we don’t get inflation under control then this will look like nothing.

Peter Thiel will probably step in.

@k.t.5405

Жыл бұрын

The venture capital community basically created a run on SVB, which is why Peter "MAGArat" Thiel needs to be investigated.

The fed must lower rates monday. Banks have big losses on treasuries that has lost value. Banks can not serve all depositors. Get your money out.

Taxpayers coming to the rescue 🤔

Is this a good time to talk about taxing unrealized capital gains?

@Ry28952

Жыл бұрын

Nice joke

@KB-nt7eg

Жыл бұрын

'If you potentially own a penny, we want a percentage.'

This should help the Fed slow down. As now they will realize their decisions will force them to work on the weekends... 🤓

Never trust a tiny hat

@ivarkreuger6140

Жыл бұрын

Your thinking of the Pope. The Vatican bank is no different.

@frankstallone3864

Жыл бұрын

Back to stormfront Ivan.

@k.t.5405

Жыл бұрын

wuh? American hats? British hats? Chinese hats? Russian hats? German hats? French hats? South American hats? Arab hats? Lotta hats out there goof!

Get the taxpayers to pay

And now it is much worse because they also destroyed the middle class with the pandemic, whose market share was taken over by corporations, so there is no one and nothing left to put bread on the table of those directly affected. We all know at least one small business with a few employees that went bankrupt during the pandemic and instead a corporate store chain appeared