Funny Money

9 Replies to “Funny Money”

1. well these are big money investors, not sure how many small customers got caught up in a bank that specializes in venture capital.

   https://nypost.com/2023/03/10/nypd-called-to-silicon-valley-bank-branch-as-depositors-attempt-to-pull-cash-report/

   The question is how many other similar venture capital banks are exposed.

   1. Agreed. If the poster understood how index funds work they’d know that Vanguard and Blackrock don’t have a choice in what companies they invest in under the broad market concept.

      This is just a clickbait post.

      Is the failure concerning ? Absolutely. But posting nonsense like this is just acting like an irrational Libtard with an angry “gotcha !” self goal.

2. It’s probably nothing

3. If TDs customers took all of their funds out of TD in 48 hrs, TD or any other bank would fail. Silver gate was also killed in the same way.

   Scare customers into removing their capital and you have a bank run.

   At that point it matters not, whether it was rational or not.

   Collapsing banks is just one more tool in the great cloward and pivening tool box.

   1. Funds would be frozen before that would be allowed to happen.

4. “There were no failures in 2021 and 2022, while four banks failed in 2020, according to the Federal Deposit Insurance Corporation. Those numbers pale in comparison to closures in earlier downturns. On the heels of the Great Recession, bank failures spiked, with 140 failures in 2009, 157 in 2010, and 92 in 2011.”

   It isn’t time to panic just yet. When Canadian banks start to fail,that’s when I’ll get worried.

   Then I may do Castro and start a revolution. sarc

   1. In Canada…with Canadians as your revolutionaries?! Good luck with that! 😉

5. Time to stash it under the bed?

   This does not sound good – US banks going under and watch what the political preoccupation is –

   https://youtu.be/cl-ZawiAghE

   And some charts to chew on

   https://richardsonpost.com/harryrichardson/30789/financial-armegeddon-or-a-storm-in-a-teacup/

6. And you know what’s really interesting? Senior execs at SVB sold large amounts of shares earlier in Feb:
   https://twitter.com/unusual_whales/status/1634555021487480834?s=20