SVB Contagion?
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God-King Musk will save us…
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I'm not making any decisions until I hear what Jim Cramer has to slur about it.
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@Doctor-Phibes said in SVB Contagion?:
I'm not making any decisions until I hear what Jim Cramer has to slur about it.
He sounds like he had a stroke.
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@Horace said in SVB Contagion?:
@Doctor-Phibes said in SVB Contagion?:
I'm not making any decisions until I hear what Jim Cramer has to slur about it.
He sounds like he had a stroke.
It's hard to believe that somebody as serene as that guy could possibly have high blood pressure.
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@Axtremus said in SVB Contagion?:
What's with Credit Suisse? It seems to get into trouble more frequently than other international investment mega banks.
It was one of the few major banks in the world that needed and received no government money during the financial crisis.
But that was when I was there.
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@Axtremus said in SVB Contagion?:
What's with Credit Suisse? It seems to get into trouble more frequently than other international investment mega banks.
Their security is full of holes?
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https://www.fdic.gov/news/press-releases/2023/pr23021.html
"Subsidiary of New York Community Bancorp, Inc., to Assume Deposits of Signature Bridge Bank, N.A., From the FDIC"
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Cute and all but:
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Banks like that $3 overdraft, they get to charge her $20 for it.
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SVB didn’t get money. The executives all lose their jobs and the shareholders are zeroed out. The depositors got made whole.
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@jon-nyc said in SVB Contagion?:
- SVB didn’t get money. The executives all lose their jobs and the shareholders are zeroed out. ...
Pending investigation, perhaps there should be claw-backs of their recent performance-based bonuses and stock awards too. They should not get to keep short-term gains from poor risk management practices.