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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. SVB Contagion?

SVB Contagion?

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  • jon-nycJ Offline
    jon-nycJ Offline
    jon-nyc
    wrote on last edited by
    #12

    I think there’s a good chance the Swiss government would prevent that.

    "You never know what worse luck your bad luck has saved you from."
    -Cormac McCarthy

    jon-nycJ 1 Reply Last reply
    • JollyJ Offline
      JollyJ Offline
      Jolly
      wrote on last edited by
      #13

      Well, they better get cracking...

      “Cry havoc and let slip the DOGE of war!”

      Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

      1 Reply Last reply
      • AxtremusA Offline
        AxtremusA Offline
        Axtremus
        wrote on last edited by
        #14

        What's with Credit Suisse? It seems to get into trouble more frequently than other international investment mega banks. :man-shrugging:

        jon-nycJ Doctor PhibesD 2 Replies Last reply
        • Doctor PhibesD Offline
          Doctor PhibesD Offline
          Doctor Phibes
          wrote on last edited by
          #15

          I'm not making any decisions until I hear what Jim Cramer has to slur about it.

          I was only joking

          HoraceH 1 Reply Last reply
          • Doctor PhibesD Doctor Phibes

            I'm not making any decisions until I hear what Jim Cramer has to slur about it.

            HoraceH Offline
            HoraceH Offline
            Horace
            wrote on last edited by
            #16

            @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.

            Education is extremely important.

            Doctor PhibesD 1 Reply Last reply
            • HoraceH Horace

              @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.

              Doctor PhibesD Offline
              Doctor PhibesD Offline
              Doctor Phibes
              wrote on last edited by
              #17

              @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.

              I was only joking

              1 Reply Last reply
              • AxtremusA Axtremus

                What's with Credit Suisse? It seems to get into trouble more frequently than other international investment mega banks. :man-shrugging:

                jon-nycJ Offline
                jon-nycJ Offline
                jon-nyc
                wrote on last edited by
                #18

                @Axtremus said in SVB Contagion?:

                What's with Credit Suisse? It seems to get into trouble more frequently than other international investment mega banks. :man-shrugging:

                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.

                "You never know what worse luck your bad luck has saved you from."
                -Cormac McCarthy

                1 Reply Last reply
                • AxtremusA Axtremus

                  What's with Credit Suisse? It seems to get into trouble more frequently than other international investment mega banks. :man-shrugging:

                  Doctor PhibesD Offline
                  Doctor PhibesD Offline
                  Doctor Phibes
                  wrote on last edited by
                  #19

                  @Axtremus said in SVB Contagion?:

                  What's with Credit Suisse? It seems to get into trouble more frequently than other international investment mega banks. :man-shrugging:

                  Their security is full of holes?

                  I was only joking

                  1 Reply Last reply
                  • jon-nycJ Offline
                    jon-nycJ Offline
                    jon-nyc
                    wrote on last edited by
                    #20

                    D8456B28-104A-46D0-8C25-4AA818D68FF8.png

                    "You never know what worse luck your bad luck has saved you from."
                    -Cormac McCarthy

                    1 Reply Last reply
                    • jon-nycJ jon-nyc

                      I think there’s a good chance the Swiss government would prevent that.

                      jon-nycJ Offline
                      jon-nycJ Offline
                      jon-nyc
                      wrote on last edited by
                      #21

                      @jon-nyc said in SVB Contagion?:

                      I think there’s a good chance the Swiss government would prevent that.

                      "You never know what worse luck your bad luck has saved you from."
                      -Cormac McCarthy

                      1 Reply Last reply
                      • JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote on last edited by
                        #22

                        Biden did it.

                        https://thefederalist.com/2023/03/14/dont-blame-depositors-for-bank-failure-blame-biden-and-svb-management/

                        “Cry havoc and let slip the DOGE of war!”

                        Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                        1 Reply Last reply
                        • AxtremusA Offline
                          AxtremusA Offline
                          Axtremus
                          wrote on last edited by
                          #23

                          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"

                          1 Reply Last reply
                          • LuFins DadL Offline
                            LuFins DadL Offline
                            LuFins Dad
                            wrote on last edited by
                            #24

                            9BB8C321-5280-4EAF-BC7B-48C99A2F4A2A.jpeg

                            The Brad

                            jon-nycJ 1 Reply Last reply
                            • LuFins DadL LuFins Dad

                              9BB8C321-5280-4EAF-BC7B-48C99A2F4A2A.jpeg

                              jon-nycJ Offline
                              jon-nycJ Offline
                              jon-nyc
                              wrote on last edited by
                              #25

                              @LuFins-Dad

                              Cute and all but:

                              1. Banks like that $3 overdraft, they get to charge her $20 for it.

                              2. SVB didn’t get money. The executives all lose their jobs and the shareholders are zeroed out. The depositors got made whole.

                              "You never know what worse luck your bad luck has saved you from."
                              -Cormac McCarthy

                              AxtremusA 1 Reply Last reply
                              • jon-nycJ jon-nyc

                                @LuFins-Dad

                                Cute and all but:

                                1. Banks like that $3 overdraft, they get to charge her $20 for it.

                                2. SVB didn’t get money. The executives all lose their jobs and the shareholders are zeroed out. The depositors got made whole.

                                AxtremusA Offline
                                AxtremusA Offline
                                Axtremus
                                wrote on last edited by
                                #26

                                @jon-nyc said in SVB Contagion?:

                                1. 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.

                                1 Reply Last reply
                                • MikM Away
                                  MikM Away
                                  Mik
                                  wrote on last edited by
                                  #27

                                  There's no need to pay bank or credit card fees if you have a phone. Call them and take a position and they'll drop them.

                                  “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

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