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The New Coffee Room

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

SVB Contagion?

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  • George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #11

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

    1 Reply Last reply
    • jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote on last edited by
      #12

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

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      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 Online
                  jon-nycJ Online
                  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 Online
                      jon-nycJ Online
                      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 Online
                        jon-nycJ Online
                        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 Online
                                jon-nycJ Online
                                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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