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10 More banks in trouble after SVC disaster

 
Anonymous Coward
User ID: 83756185
United States
03/10/2023 04:04 PM
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Re: 10 More banks in trouble after SVC disaster
What ever happened with that crypto exchange that lost billions? The one with the curly haired j-fro wearing dude at the helm that had the gf that looked like Sid from Ice Age? Anyways, Just wondering...
Anonymous Coward
User ID: 80673056
United Kingdom
03/10/2023 04:15 PM
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Re: 10 More banks in trouble after SVC disaster
and the NAZI empire begins to fall, enjoy NAZI's!
Shetland Pony Dog

User ID: 82815367
United States
03/10/2023 04:16 PM
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Re: 10 More banks in trouble after SVC disaster
Bail in or they just take your deposits and give you an IOU. Glad my bank isn't on that list....yet.

Get your money out of the banks. Take $500 or the limit out of the ATM every day until your balance hits ten bucks. If you think your money is safe in a bank think again. They might be nice tellers, but they don't run the bank. If the branch manager is told to cancel withdrawls, he has no choice or else get a new job. Your money is not yours until the bills are phsically in your hand. Ask the poor slobs in the 1920's how much money they got out of their banks when the economy went tits up.
 Quoting: Anonymous Coward 29706669


FDIC insured up to $250,000 idiot.....all accounts will be allowed to withdraw on Monday....
 Quoting: Anonymous Coward 79755631


Yeah if FDIC was funded jackass.You will get 10 cents on the dollar if your lucky.Or more likely we go full on Zimbabwe and a bag of chips cost 100 dollars.They WILL pay off in full for the first few "banks" that fail but as the domimos fall no way to cover it all.
Look at the cawk on that dawg
Education is a process,not a result
Anonymous Coward
User ID: 78236964
United Kingdom
03/10/2023 04:16 PM
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Re: 10 More banks in trouble after SVC disaster
no offence to anyone but isnt it clear that since biden came into power crypto, stocks and finances have gone to the shits
Anonymous Coward
User ID: 75492300
United States
03/10/2023 04:17 PM
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Re: 10 More banks in trouble after SVC disaster
This is why I have been receiving multiple offers for CDs and other Savings products the last week or so.
 Quoting: KansasisOz


Funny you say that. Same here
Anonymous Coward
User ID: 28537562
United States
03/10/2023 04:32 PM
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Re: 10 More banks in trouble after SVC disaster
they are flushing the small banks and consolidating the system into the big dogs to prepare the way for cbdc
Anonymous Coward
User ID: 85409154
United States
03/10/2023 04:35 PM
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Re: 10 More banks in trouble after SVC disaster
remember the Golden Rule...

it's not the return on capital that's important...

it's the return OF capital!


.
Anonymous Coward
User ID: 84220429
United States
03/10/2023 08:00 PM
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Re: 10 More banks in trouble after SVC disaster
Central banks have been dumping billions and billions in the bond market to try to stabilize the 10 year and they failed miserably. They have no liquidity
 Quoting: Anonymous Coward 80578546


So will dominoes fall all across the banking sector? I'm thinking when one of the big ones goes, they all start to fail and bail in.
 Quoting: Black Unit

looks like i picked a good time to go overdrawn thumbs
 Quoting: Anonymous Coward 85408313


Looks like I picked a bad week to stop sniffing glue....





GLP