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The New Coffee Room

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

SVB Contagion?

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  • 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.

          Only non-witches get due process.

          • Cotton Mather, Salem Massachusetts, 1692
          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

              Only non-witches get due process.

              • Cotton Mather, Salem Massachusetts, 1692
              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.

                Only non-witches get due process.

                • Cotton Mather, Salem Massachusetts, 1692
                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.

                        Only non-witches get due process.

                        • Cotton Mather, Salem Massachusetts, 1692
                        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 Offline
                            MikM Offline
                            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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