You mentioned that you lost some money because of the Bank going belly up.   I said I am sorry you did feel the pain.

Now I saw that the Signature Bank suffered the same fate as the SVB and that a further four banks are in serious trouble as well - those being the -

*   Pacific Western Bank

*   First Republic Bank

*   Western Alliance Bank

*   Commerca Bank

I hope you did not invest in any of the above banks - would hate to see you losing money when banks started going belly-up.

I am not an investment fundi - but it looks bad to me when Banks started collapsing - especially to my mind it is indicative of situations where the economy in any country is in serious trouble or where banks can operate without restrictions by the Government to ensure questionable operational methods.    If the Government tried to bail out the relevant banks I believe it would add to the national debt of the USA Government and be inflationary anyway - a natural result of Governments spending money they do not have and get through borrowing.  

-   

Well these things are hard to figure. Back in 2007 when the Bush administration let Lehman fail they almost destroyed the financial system…when they bailed out AIG they saved it.

This SVB failure was a combination of idiotic balance sheet management, fast asleep regulators, and the new speed with which things move with social media. Stupidity should be punished but we need no more failures.

Mozart

Just a question?     Was the believe based on the 2008 precedent that the Federal Government would bail out the bank not the cause of " a combination of idiotic balance sheet management, fast asleep regulators, and the new speed with which things move with social media"

Was the same not the cause of the other Bank already belly-up and the other three in danger not based on the same believe?    Which of the Banks concerned are based in California?.   

I t's been a rocky week for US banks. But the Kremlin's looking at the bright side of things.

Russia is now so cut off from the global financial system that the Kremlin thinks it will face no impact from the collapse of Silicon Valley Bank.

"Our banking system has certain connections with some segments of the international financial system, but it is mostly under illegal restrictions from the collective West," the spokesperson for Kremlin, Dmitry Peskov, said Tuesday, according to TASS state news agency. He was referring to sanctions against the country over its invasion of Ukraine one year ago.

Well when you have only one bank board member with any experience in banking and all the rest "Biden-Demorat" supporters and donors with experience in Dancing and Entertainment you are surely going to pay the price eventually.

Then you also have "Funnyman" Franks on another folding banks board with about the same expertise as Hunter Biden had in Ukraine you have to ask yourself why did I bank with these jerks.

Best I sharpen up my knowledge and investment in crypto..........

Hope your pain is covered under the bail out insurance in place M.

By the way Mr "Wonderful" O'Leary was also in up to his neck in this SVB I see.

The rot has spread to Europe now. A friend works at CS and he’s saying that they’re shitting themselves. He commented last night that “They’re still paying my salary, for now.” And I see they’re down 20%. Apparently they’ll be bailed out, if a report i saw from Swiss National Bank is true.

BNP Paribas are also feeling the heat.

And it looks like a good few more are headed the same way.

Strangely, for once in his life, Michael Burry isn’t predicting the apocalypse.

…which, based in how bad his calls have been lately, means armageddon has arrived boys :)

The result of increased interest rates in the states...

The result of free money

Hard times ahead.

LOL. The guy in Biden's ear is going "get the fuck outta there now, move it!"

Draad, recessions and crisis are where smart people make money.

Big specials this year ;)

You have to have money to make money...The middle class is suffering ATM...and electricity is going up 20% by the end of the month....TSEK ANC SCUMMMM!!! ALL OF THEM VERMIN!!!!

Unfortunately the very rich thrive in times such as this and only the poor individuals who slave for a meager salary or a pension have to bear the burden of these failures caused by the corrupt elites.

Unemployment, hunger and crime will increase and food banks are unable to assist the hungry as demand increases.

Here in Canada a food bank that we support has run out of food and the little food that they can purchase (or receive as donations) is costing more plus food donations are dwindling each and every day.

Desperate times for the elderly and poor once more.

Disgusting and bale outs to the folks who have money does not help the old and sick one bit.