Under Biden Lender is SEIZED in largest US bank failure since Great Recession

volsrock said:
Silicon Valley Bank's Manhattan branch calls COPS on investors trying to pull their cash out as Boston tech CEO with $10M in bank describes 'worst 18 hours of my life': Lender is SEIZED by regulators in largest US bank failure since Great Recession

https://www.dailymail.co.uk/news/ar...alls-NYPD-tech-investors-tried-pull-cash.html


Way to go Biden ...worst since the Great Recession on your watch!
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You are one ignorant peckerwood

massive bank failure

Depositors in Silicon Valley Bank were in such a rush to withdraw their money, federal regulators had to stage an unusual takeover — showing up at the bank's offices first thing Friday morning, rather than waiting until the market close.

"SVB’s condition deteriorated so quickly that it couldn’t last just five more hours," wrote Better Markets CEO Dennis M. Kelleher. "That’s because its depositors were withdrawing their money so fast that the bank was insolvent, and an intraday closure was unavoidable due to a classic bank run."

Since the financial crisis, the FDIC has preferred to seize banks on Friday after the markets close, analysts from investment group TD Cowen wrote. Another reason for the mid-morning takeover may be because of "the small share of fully insured accounts made selling the bank difficult. We believe the regulators wanted to prevent further withdrawals by those with amounts exceeding the FDIC insurance cap of $250,000."





https://www.cnn.com/business/live-news/stocks-jobs-report-february/index.html
 
The government has spent most of the last 15 years shoveling money towards the banks....if they are failing even after than then we are in so much trouble.
 
volsrock said:
Silicon Valley Bank's Manhattan branch calls COPS on investors trying to pull their cash out as Boston tech CEO with $10M in bank describes 'worst 18 hours of my life': Lender is SEIZED by regulators in largest US bank failure since Great Recession

https://www.dailymail.co.uk/news/ar...alls-NYPD-tech-investors-tried-pull-cash.html


Way to go Biden ...worst since the Great Recession on your watch!
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I didn't know Joe Biden was the president of the bank............
 
The failure of government regulators to properly regulate financial institutions has been a major problem for 40 years. It is pretty clear that we will now have another wave of big problems with the banks, ths is what has markets spooked.
 
Hawkeye10 said:
The failure of government regulators to properly regulate financial institutions has been a major problem for 40 years. It is pretty clear that we will now have another wave of big problems with the banks, ths is what has markets spooked.
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One bank, shitstain- one fucking bank and you gotta make a big shit of it. You are a stupid cunt.
 
Hawkeye10 said:
The failure of government regulators to properly regulate financial institutions has been a major problem for 40 years. It is pretty clear that we will now have another wave of big problems with the banks, ths is what has markets spooked.
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So you think the Republican bill written by Phil Gramm who tried to get it passed several times, is coming to roost again? The Banking Modernization bill was a propellant to the 2008 recession and almost depression. The bankers and lobbyists fought to keep real solid changes to banking and finance, after that crash.
Bank failures are common in America. https://www.fdic.gov/bank/historical/bank/
 
Nordberg said:
So you think the Republican bill written by Phil Gramm who tried to get it passed several times, is coming to roost again? The Banking Modernization bill was a propellant to the 2008 recession and almost depression. The bankers and lobbyists fought to keep real solid changes to banking and finance, after that crash.
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The Uniparty is my enemy, they have been purchased by the Elite Class who makes it very clear that they hate me. I have been very clear on this point.
 
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