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The New Coffee Room

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

SVB Contagion?

Scheduled Pinned Locked Moved General Discussion
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  • A Axtremus
    15 Mar 2023, 12:42

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

    J Offline
    J Offline
    jon-nyc
    wrote on 15 Mar 2023, 12:58 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
    • A Axtremus
      15 Mar 2023, 12:42

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

      D Offline
      D Offline
      Doctor Phibes
      wrote on 15 Mar 2023, 12:59 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
      • J Offline
        J Offline
        jon-nyc
        wrote on 15 Mar 2023, 16:11 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
        • J jon-nyc
          15 Mar 2023, 12:35

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

          J Offline
          J Offline
          jon-nyc
          wrote on 15 Mar 2023, 19:35 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
          • J Offline
            J Offline
            Jolly
            wrote on 16 Mar 2023, 13:06 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

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            • A Offline
              A Offline
              Axtremus
              wrote on 20 Mar 2023, 13:14 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
              • L Offline
                L Offline
                LuFins Dad
                wrote on 20 Mar 2023, 13:39 last edited by
                #24

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

                The Brad

                J 1 Reply Last reply 20 Mar 2023, 14:46
                • L LuFins Dad
                  20 Mar 2023, 13:39

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

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                  J Offline
                  jon-nyc
                  wrote on 20 Mar 2023, 14:46 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
                  A 1 Reply Last reply 20 Mar 2023, 14:54
                  • J jon-nyc
                    20 Mar 2023, 14:46

                    @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.

                    A Offline
                    A Offline
                    Axtremus
                    wrote on 20 Mar 2023, 14:54 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
                    • M Offline
                      M Offline
                      Mik
                      wrote on 20 Mar 2023, 15:20 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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                      20 Mar 2023, 15:20


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