I turned them over easy like @Do it To it 's girlfriend, along with some awesome prep pancakes recommended by @rcm, and one (1) full diesel sausage patty. Shit was glorious.
stevezissou
OT Supporter
stevezissou
OT Supporter
Maria Bartiromo Fox news
"Supposed to be the announcement of a sale/takeover by another bank of silicon valley bank before market open on Monday"
"Supposed to be the announcement of a sale/takeover by another bank of silicon valley bank before market open on Monday"
Simple
Sexy Beatch
stevezissou
OT Supporter
"
Meanwhile, both the FDIC and Federal Reserve are working with firms on a potential merger with the failed institution.
They are also said to be weighing the creation of a fund that would allow regulators to backstop more deposits.
Any deal would also likely require regulators to give special guarantees and make other allowances to the financial institution that takes over SVB. "
SVB workers were paid BONUSES just hours before bank collapsed
The federal government will not bailout Silicon Valley Bank, despite fears of a market meltdown, Treasury Secretary Janet Yellen announced Sunday.
stevezissou
OT Supporter
Backstop NOT a Bailout and yes there is a difference.
www.cnbc.com
Fed and FDIC discussing backstop to make SVB depositors whole and stem contagion fears: Source
- Regulators would create a backstop for uninsured deposits at Silicon Valley Bank, using an authority from the Federal Deposit Insurance Act, according to the source.
- Such a move could also spur confidence at similar institutions to SVB.
- An additional step would be a “general banking facility” from the Federal Reserve that would support other financials with direct exposure to SVB.
Fed and FDIC discussing backstop to make SVB depositors whole and stem contagion fears: Source
Financial regulators are discussing two different facilities to manage the fallout from the closure of Silicon Valley Bank.
Menger
OT Supporter
- Nov 23, 2011
- 26,470
Regulators Hold Auction for Silicon Valley Bank
Regulators are trying to find buyers for the bank in an effort to repay depositors.
www.wsj.com
oh god I remember that but who/where here did it come fromfrom OT experience I've learned you can start one with $2k
AndyP
OT Supporter
- Jun 17, 2004
- 18,645
Menger
OT Supporter
- Nov 23, 2011
- 26,470
Federal Reserve Rolls Out Emergency Measures to Prevent Banking Crisis
The Fed said it would make additional funding available to banks to ensure they have “the ability to meet the needs of all depositors.”
www.wsj.com
Menger
OT Supporter
- Nov 23, 2011
- 26,470
- Dec 30, 2004
- 69,896
I'm curious how much SVB's unsecured counterparties are gonna lose. I'm sure several of the major banks will be taking some losses.
stevezissou
OT Supporter
gimpshiznit
Totally not Larry
stevezissou
OT Supporter
Federal Reserve Rolls Out Emergency Measures to Prevent Banking Crisis
The Fed said it would make additional funding available to banks to ensure they have “the ability to meet the needs of all depositors.”
Cliffs =
Menger
OT Supporter
- Nov 23, 2011
- 26,470
From the stats I read, seemed like SVB was a huge anomaly in terms of their % of assets in the HTM bucket. Plus a unique scenario where their specific depositors are drawing down on their deposits to a much greater degree than any other normal bank because the 2020-2022 startup hype machine is dead and money only goes out. They will probably need to clean up a couple small banks and we’ll be back to normal right ? 
stevezissou
OT Supporter
Fed opened the discount window to anyone who wants it.From the stats I read, seemed like SVB was a huge anomaly in terms of their % of assets in the HTM bucket. Plus a unique scenario where their specific depositors are drawing down on their deposits to a much greater degree than any other normal bank because the 2020-2022 startup hype machine is dead and money only goes out. They will probably need to clean up a couple small banks and we’ll be back to normal right ?
Shouldn't be anymore bank takeovers since banks can borrow unlimited now up to their balance sheet to cover withdraws.
Menger
OT Supporter
- Nov 23, 2011
- 26,470
Yeah, but even if they didn’t, barring any (further) tech-bro-induced bank runs, I don’t think there was much to worry about.