#svbcollapse — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #svbcollapse, aggregated by home.social.
-
🎩 Oh joy, another stroll down Financial Disaster Lane! 💰 Let's reminisce about the riveting 1924 New Mexico banking panic, because clearly, nothing screams Labor Day fun like century-old banking crises! 🏦🔍 Also, remember SVB's epic tumble? Yeah, we read about it a thousand times already. 🌪️📉
https://nodumbideas.com/p/labor-day-special-the-1924-new-mexico #FinancialDisaster #NewMexicoBankingPanic #SVBCollapse #LaborDayHistory #BankingCrisis #HackerNews #ngated -
First responders in the financial system 🚨 @WSJ describes what happened when Tim Mayopoulos and Greg Carmichael were called in to run Silicon Valley Bank and Signature Bank while the FDIC tried to stabilize a banking crisis
#SVBCollapse #SVBBank
https://www.wsj.com/podcasts/the-journal/two-executives-on-what-it-like-to-stop-a-bank-run/4698969F-2803-4752-ADD2-E4DF726024FE -
1/2 Last night, I watched this talk: Understanding Recent Bank Failures with Dr. Bill Black
IMO, it was very good, but very technical. I thought he made a lot of good points. Do either of you know of an article for non-academics that covers the points he makes, @DeanBaker13 @ryanlcooper ?
I think he does a good job of describing how and why our bank regulatory regime leads to failures. A key point to me is that the system...
-
First Citizens Bank, the buyer of Silicon Valley Bank's assets, is run by a billionaire North Carolina family that's bought over 20 failed banks since 2008, per BI.
Using your family's slave labor tobacco fortune to purchase failed banks across the nation is how stolen labor from hundreds of years ago affects wealth and the economy today.
It's redlining as monetary policy.
-
Build Public Banks as Response to SVB & Signature Bank Failures, by @nathansnewman
#PublicBank #PublicBanking #SVB #SVBcrash #SVBcollapse #SVBBank #SVBfail
https://open.substack.com/pub/nathannewman/p/build-public-banks-as-response-to?utm_campaign=post&utm_medium=web -
NEW: The crisis that claimed #CreditSuisseBankruptcy and #SVBCollapse heralds a new chapter for financial capitalism — and governments are picking winners and trying to back the industries of the future. 🏦 @opinion @federalreserve
-
$17 billion of Credit Suisse bonds worthless following UBS takeover
#svbcollapse #banks #banking #money #bonds #UBS #creditsuisse
-
Monitoring @Circle #USDC #Stablecoin new suspected fraud domain registrations from #SVBcollapse: circle-svb/.com,claims-circle/.app,circle-cashback/.com,circle-usdc/.net,circlefund/.us,circle/.claims,claimcircle-usdc/.com,circle-refund/.com,circleswap/.finance,reserve-circle/.com
-
They do not know what they have to apologize for. The culture they built told us they were here to "move fast and break things" #SVBCollapse
-
Your deposits are most likely very safe.
The circumstances behind the #SVBCollapse apply to a small # of banks whose business models depended heavily on startups & startup investors, including crypto. Turns out it’s not a good model, as I argued here on Monday: https://nextcity.org/urbanist-news/silicon-valley-banks-collapse-banking-startup-investment-community-lending
Almost all other banks & also credit unions have very different models.
-
"Edward Luce responds...the potted histories we carry round in our heads can be stubbornly inaccurate. By actual record, however, Democrats have been far the more fiscally conservative party since the 1970s."
---
RT @RanaForoohar
Why Biden is wise to reduce the deficit via @FT
#SVBcollapse and china’s new mid east diplomacy tell us why https://enterprise-sharing.ft.com/redeem/dd8476c4-e492-46de-8f72-e960c1bbe298
https://twitter.com/RanaForoohar/status/1635268939235176452 -
Pouvoir dire un truc pareil dans le WSJ sur #SVBCollapse, c'est vraiment le fascisme qui s'intègre tranquillement au capitalisme.
😳😲😧😨😱😱😱😱😱😱 -
So none of the VC backed founders were at risk due to #SVBCollapse
It would only have been bootstrapped companies like mine that could have died if FDIC hadn’t fixed it all.
I offered bridge loans to founders I knew & they said they were fine because their investors stepped in
-
#SVBCollapse depositors should learn to caulk, says Doc Steve. There’s a pretty penny to be made in plumbing!
-
Libertarian VC bros are all Communist apparatchiks now. #socialism #bailouts #startups #svb #svbcollapse https://slate.com/technology/2023/03/silicon-valley-bank-rescue-venture-capital-calacanis-sacks-ackman-tantrum.html
-
Peter Thiel is going to apologize to Elizabeth Warren now, right?
Right?
#svbcollapse
https://www.nbcnews.com/politics/congress/silicon-valley-bank-collapse-puts-new-spotlight-2018-bank-deregulation-rcna74655 -
Federal action Sunday night means many Silicon Valley Bank clients will get their money back https://www.wsj.com/articles/companies-with-deposits-trapped-in-silicon-valley-bank-9034f33b #SVB #SVBank #SVBCollapse
-
https://www.npr.org/2023/03/12/1162975615/the-u-s-takes-emergency-measures-to-protect-all-deposits-at-silicon-valley-bank?utm_source=npr_newsletter&utm_medium=email&utm_content=20230312&utm_term=8098675&utm_campaign=breaking-news&utm_id=5830782&orgid=558&utm_att1= #SVB #SVBCollapse #USTreasury #FDIC
-
Federal regulators announced on Sunday that they would ensure that all depositors of Silicon Valley Bank — which failed Friday — were paid back in full as they rushed to contain fallout from the collapse of the large institution.
https://www.nytimes.com/2023/03/12/business/janet-yellen-silicon-valley-bank.html #SVB #SVBCollapse
