Run on US bank

[Paul]

8 hours ago, QuantumStacker said:

I wouldn't have any cash in the bank right now. The banking system is global and has been for years, so everyone should be worried. Look at all the other smaller economies collapsing it only a matter of time before it hit the bigger economies.  I have gold and Cash. Nothing in the bank! Went out tonight cash machine allowed me to put card in but the cash withdrawal was greyed out. Never seen this before, if the machine is out of cash it goes out of service this machine wasn't. I might be wrong but you can always put cash back in to your account.

ATM In years to come, " you commented badly against minority X on social media, you are limited to use 10 fiat debt vouchers to transact for essential food and water, you have been restricted to move 5 miles in sector N you reside, further restrictions may be imposed for repeated violations.  You social credit score has been updated in line with your actions "

[GoldDiggerDave]

33 minutes ago, Paul said:

ATM In years to come, " you commented badly against minority X on social media, you are limited to use 10 fiat debt vouchers to transact for essential food and water, you have been restricted to move 5 miles in sector N you reside, further restrictions may be imposed for repeated violations.  You social credit score has been updated in line with your actions "

This is a really funny story about the future, poor kids play “ Sky Piñata” trying to take delivery drones down going to the rich areas.  Everything is automated but nothing works, and any form of masculinity is socially unacceptable.  
 

ita scary when comedians are writing this stuff. 
 

 

[Paul]

14 hours ago, Tn21 said:

Anyone in the UK concerned about the news ? 

Headlines are more concerned about wokey linekar and his comments 

[HerefordBullyun]

Looking like the bank run has started

 

[MrTT]

First Republic Bank will Collapse next week.

The Fed must lower rates next week !

 

[HerefordBullyun]

 

[HerefordBullyun]

[Zeuk]

a bit of interesting reading on it 
 

https://www.semafor.com/article/03/11/2023/hedge-funds-offer-to-buy-deposits-stuck-at-silicon-valley-bank
 

 

[Zhorro]

This is a fantastic opportunity for "big tech" to buy up the best of the new tech companies that have lost most of their cash in the SVB collapse.

[modofantasma]

26 minutes ago, Zhorro said:

This is a fantastic opportunity for "big tech" to buy up the best of the new tech companies that have lost most of their cash in the SVB collapse.

What about a big tech company buying a bank? Integration into their social media or other platforms 🤔

[Paul]

Going to be an interesting week ahead - for sure 

Edited March 12, 2023 by Paul

[HerefordBullyun]

1 hour ago, Paul said:

Going to be an interesting week ahead - for sure 

 

[Zeuk]

1 hour ago, modofantasma said:

What about a big tech company buying a bank? Integration into their social media or other platforms 🤔

Wouldnt put it past Elon

[HerefordBullyun]

1 minute ago, Zeuk said:

Wouldnt put it past Elon

Hes already siad hes interested, it would be a case of asset stripping all the rubbish companies and buying up the decent ones and reselling them or rebranding on the NYSE...

He aint daft.

Its exactly what mike ashley does who bought Debenhams who owns Sports direct

[modofantasma]

16 minutes ago, HerefordBullyun said:

Its exactly what mike ashley does who bought Debenhams who owns Sports direct

Yeh this kind of thing 👌🏽

[HerefordBullyun]

31 minutes ago, modofantasma said:

Yeh this kind of thing 👌🏽

Then theres the exact opposite

 

[Zeuk]

4 minutes ago, HerefordBullyun said:

Then theres the exact opposite

 

That makes for some reading, the nutter  decided to buy the stock half way through the day, whilst simultaneously not being able to get hold of his personal or company funds… talk about trying to catch falling knives 

[HerefordBullyun]

2 minutes ago, Zeuk said:

That makes for some reading, the nutter  decided to buy the stock half way through the day, whilst simultaneously not being able to get hold of his personal or company funds… talk about trying to catch falling knives 

It could be a black monday scenario  looking grim for europe already

[HerefordBullyun]

This explainer in 60 seconds is bang on

 

[HerefordBullyun]

 

FED holding a closed door meeting 13th march - guessing you will see CEO's of all the majors bailing out SVB

[Zeuk]

31 minutes ago, HerefordBullyun said:

 

FED holding a closed door meeting 13th march - guessing you will see CEO's of all the majors bailing out SVB

I think the clients will be bailed out, sold on to other banks at cheaper rates ... hopefully the SVB execs will get locked up - some hefty stock sales went on in the run up to this.

[HerefordBullyun]

53 minutes ago, Zeuk said:

I think the clients will be bailed out, sold on to other banks at cheaper rates ... hopefully the SVB execs will get locked up - some hefty stock sales went on in the run up to this.

How many bank execs went to jail in 08

[Zeuk]

1 minute ago, HerefordBullyun said:

How many bank execs went to jail in 08

Aye, missed opportunity there imo.  There needs to be consequences to actions, SVB lending money, then keeping that money in its accounts to be able to lend more money is a tad ponzi

[Paul]

1 hour ago, HerefordBullyun said:

Then theres the exact opposite

 

Interesting reading how things played out. Tomorrow is going to be ........... (Interesting)

[QuantumStacker]

In the famous words of the Joker “and here we go”