Precision Posted March 12, 2023 Posted March 12, 2023 SVB was the 16th largest US bank, Burry seems to think another bank will fail soon...... 'Big Short' Michael Burry Warns of Another Major Bank Collapse You can always tell when an economy is on the precipice of faltering as banks start failing first. In 2007 banks were failing and the unemployment rate was still under 5% (reached 5% in December of 2007). A year later in December 2008 unemployment was 7.3%, December 2009 was 9.9%. The government spending fueled "Biden Boom" is an irresponsible flash in the pan that will be forgotten a year from now once unemployment shoots over 5%. 1
Gene Frenkle Posted March 12, 2023 Posted March 12, 2023 JP Morgan or BofA seem like good large candidates. SVB is the second largest bank to collapse in US history. Its AUM represent more than 55% of all of the assets in banks that collapsed during the 2008 crisis.
aristocrat Posted March 13, 2023 Posted March 13, 2023 On 3/11/2023 at 2:30 PM, Tenhigh said: The only thing Billsy is right about in this thread is that the woman above isn't the right person to hold accountable, she is from the SVB UK entity, which has a separate balance sheet. The US bank is the one that tanked, here is their cheif risk officer: https://www.svb.com/profile/kim-olson https://www.yahoo.com/finance/news/historic-last-minute-deal-hsbc-074144560.html 22 Mike Butcher Mon, March 13, 2023 at 3:41 AM EDT HSBC UK is acquiring Silicon Valley Bank UK for a symbolic £1. The deal comes after a tense weekend of frantic negotiations by the U.K. government, regulators and a suite of other potential suitors in the wake of the U.K. business, a subsidiary of the troubled U.S. entity, entering insolvency procedures on Friday. 1
Tenhigh Posted March 13, 2023 Posted March 13, 2023 3 hours ago, aristocrat said: https://www.yahoo.com/finance/news/historic-last-minute-deal-hsbc-074144560.html 22 Mike Butcher Mon, March 13, 2023 at 3:41 AM EDT HSBC UK is acquiring Silicon Valley Bank UK for a symbolic £1. The deal comes after a tense weekend of frantic negotiations by the U.K. government, regulators and a suite of other potential suitors in the wake of the U.K. business, a subsidiary of the troubled U.S. entity, entering insolvency procedures on Friday. The UK bank was seemingly tanked by association, unfortunately. Not sure why it's a laughing matter, @Chris farley.
Tommy Callahan Posted March 13, 2023 Posted March 13, 2023 12 minutes ago, Tenhigh said: The UK bank was seemingly tanked by association, unfortunately. Not sure why it's a laughing matter, @Chris farley. makes sense they would only pay that much.
Tommy Callahan Posted June 2, 2023 Posted June 2, 2023 Hmm. One would think if this economy is so good. lefties wouldn't be talking about the last guy constantly.
T&C Posted June 2, 2023 Posted June 2, 2023 Well shuckity shucks... joey is on tv lying about this very thing. 1
Tommy Callahan Posted June 29, 2023 Posted June 29, 2023 16 minutes ago, BillStime said: 🎯 Please continue to shout from the rooftops about how great this economy is. 1
The Frankish Reich Posted June 29, 2023 Posted June 29, 2023 1 minute ago, Chris farley said: Please continue to shout from the rooftops about how great this economy is. Just because YOU live in a van down by the river ...
BillStime Posted June 29, 2023 Author Posted June 29, 2023 6 minutes ago, The Frankish Reich said: Just because YOU live in a van down by the river ... That’s being generous
Tommy Callahan Posted June 29, 2023 Posted June 29, 2023 4 minutes ago, The Frankish Reich said: Just because YOU live in a van down by the river ... That would be Matt Foley silly.
All_Pro_Bills Posted June 29, 2023 Posted June 29, 2023 (edited) 5 minutes ago, Chris farley said: That would be Matt Foley silly. Edited June 29, 2023 by All_Pro_Bills 1
Tommy Callahan Posted June 29, 2023 Posted June 29, 2023 4 minutes ago, All_Pro_Bills said: And was my old handle when this place was on the old location
The Frankish Reich Posted June 29, 2023 Posted June 29, 2023 46 minutes ago, All_Pro_Bills said: Still classic. 42 minutes ago, Chris farley said: And was my old handle when this place was on the old location You need to go back to it! 1
Tommy Callahan Posted June 30, 2023 Posted June 30, 2023 (edited) The investor class is doing well in this economy. so are the corporations that get the lion's share of the corporate welfare spending bills. But that money is just going back into the shareholders pockets (investor class) through dividends and stock buybacks. inflation makes the GDP look good, till it doesnt. Edited June 30, 2023 by Chris farley
The Frankish Reich Posted June 30, 2023 Posted June 30, 2023 12 minutes ago, Chris farley said: The investor class is doing well in this economy. so are the corporations that get the lion's share of the corporate welfare spending bills. But that money is just going back into the shareholders pockets (investor class) through dividends and stock buybacks. inflation makes the GDP look good, till it doesnt. Trickle down, baby, trickle down ... 1
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