Okay so basically, as things stand, bank runs will take place monday morning right when banks open as people realize there's no upside to hold their money on small-mid size banks, and rush to transfer funds to one of the mega banks that will be unlikely to fail
For this to be avoided, FDIC/ FED has to make some kind of official statement before monday morning that they're bailing out anyone that held funds on SVB
So, what do you guys think is gonna happen? Is it over? Will they allow the bank runs and finally witness the beginning of the end? Is the 2 more weeks finally up? Or does nothing ever happen and government prints more money to cover the people that gave SVB their money?
The holocaust might happen now.
God willing
There won't be any run. Everyone who says they're taking their money out first thing won't bother doing it. People are just larping on social media cus ''muh banking crisis'' is the current thing.
Retards on twitter with their $2000 are irrelevant
I'm talking about people or businesses with a few or many millions of dollars in regional banks or smaller local banks that now realize there is no fucking upside to holding their shit with banks that are SMALLER than SVB when they could just walk in on monday morning and wire that shit to JP Morgan, Bank of America or Citi
It's game theory, if you're CEO of some humble 20M dollar business it is your job to start going over this scenario this weekend and you reach the same conclusion: You have to walk in on monday and move your shit before anyone else does
How the fuck have you retards on this board not grasped this yet
Nobody gives a single FUCK ABOUT THE START UPS YOU FUCKING RETARD, we care about BANK RUNS STARTING ON MONDAY THAT WOULD RESULT IN SMALL-MID SIZE BANKS FAILING, MORE PEOPLE LOSING THEIR MONEY, PEOPLE THAT ARE COMPLETELY UNINVOLVED WITH THOSE homosexual START UPS
Agreed, they have to put out a loud and strong message tomorrow basically saying "Shush baby girl, fresh money off the printer, we're dropping an envelope full of money into your hands in 30 minutes or less"
It’s mostly women who want attention for the current thing and even if they do go to the bank and take all their money, nobody gives a fuck about the $186.32 in their checking account
Roasties spend money like water because they know if the well runs dry they can hop on some simp’s cock and he’ll make gold blow all over the place
pretty much this. its the same person spamming the board with Wells Fargo doomposts.
Imagine giving a single FUCK about bailing out these VC shitbags and all their shitty fucking start ups.
the fed will have to do something major to eliminate people's fears and further bank runs
if they don't, bank runs throughout the country
more concentration to larger banks
The fed has already said in 2020 there will be no more bank runs and they will cover deposits and withdrawals.
I’m sure they’ll let select banks like SVB and Silvergate collapse because JP Morgan wants it that way.
Dimon and Buffett control the fed and everyone with a brain knows this.
Won't be shit. israelite media will tell NPCs that withdrawing money is racist. Gov will bailout depositors. israelites will profit. Nothing will happen. Everyone will move onto the Next Thing.
Rape is legal now. Watch your back literally
>there's no upside to hold their money on small-mid size banks, and rush to transfer funds to one of the mega banks
That's retarded. Most regional banks are better capitalized and more liquid than the Big 4. The people pushing that bullshit are SVB bagholders trying to scaremonger the government into bailing them out.
Again, it's game theory
If you're CEO of a business are you going to pretend like nothing is happening monday morning or are you wiring your shit to someone that is too big to fail
Wow such a hard decision, do nothing or cover your ass
I'd being wiring it to a bank with a 100% insured rate. TBTF banks are all under 50%.
The thing is - in today’s world - information moves so fast, which is how SVB collapsed within 48 hours.
Over the weekend, fear has spread like wildfire. And if the regulators don’t step in and take a firm stance, further contagion could happen exponentially.
Do you think they'll step in? That should be the only thing this board is talking about but everyone here is fucking retarded
Hopefully
The consequences of not stepping would be worst
They actually don't have to step in, just do enough to quiet the doubts.
A prof of mine explained it as the bazooka analogy which I later learned was mentioned by hank paulson in 2008. Basically if you have a gun in a western and everyone knows you are fast with it one day you might have to actually pull it to keep everyone scared back from messing with you. However if they think you have a bazooka you will likely never have to pull it out and show what it can do because it's just assumed to be way too powerful to mess with.
Same thing with the idea of a bailout, it's just a strong idea that needs to be created, enough to hold the market up.
>However if they think you have a bazooka you will likely never have to pull it out and show what it can do because it's just assumed to be way too powerful to mess with.
That’s the stupidest idea I’ve ever heard.
Relying on other people’s ignorance is just asking to backfire.
Especially in the age of the internet where information can be transmitted so easily.
>Relying on your enemy’s ignorance is a certain path to defeat
- probably Sun Zu or some shit.
B A N K I N G. H O L I D A Y
checked and wrecked, glad I got my beanz deenz zerps boomies and doomies
Honest question to mericans.
Why would you keep your money in small banks? I would transfer everything to citi or bofa
what's bofa?
bank o f america
bofa deez nutz nigga
Better, more specialized service, and competition.
In theory, less centralization.
is citi even safe
I depend on it for my broker
Could be location convenience, or you snagged a nice business loan or mortgage or any type of loan from a local place and opened up a checking account with them, etc
Usually, having your bank go out of business is not something a person is worried about
Agreed but we'll see if they actually do anything
It seems like it was incompetence from SVB, but with israelites, who knows
bofa deez nuts on your mom's face nigga
Citi is like 3rd biggest bank in america, basically too big to fail
Therefore, the subtext: Was it intentionally planned to fuck smaller banks, or is this because of opportunists from places like JPMorgan?
They could fuckin price in the bond losses they had, % by account holder share, as a "bail in" before the bail out..
Too many people are freaking out over "all or nothing."
SVB is a nothingburger. some fat cats with monopoly money get a ~12% haircut, the world keeps on turning.
The FDIC/FED can avoid a bankrun if they hammer SVB’s reputation into the ground as hard as possible.
>”Wow look at how STUPID Svb was guys!”
>Normies go “hmmmm, is my bank as stupid as SVB?”
>No?
>Then I guess my money is safe(r)
Bank run mitigated