Bank regulators seize Silicon Valley Bank in largest bank failure since the Great Recession .... Wells Fargo ??
- Thread starter Gemini
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Roku, Roblox, AirBnb, Pintrest, Rocket Lab......all have their money in SVB
might start seeing all their stocks dip as well.
Gonna be hard for those companies to do payroll....
Again the stupid CAC’s in this country haven’t learn a lesson. If you want to research what happen today to this bank, please go research Washington mutual….. they was letting customers get away with murder. I was one of the customers so I can attest to that.
Well, FDIC stepped in at the right time to take over the bank. So that may have stopped the domino from falling. In the meantime, they need to go out to some of these other banks, and tighten up the ship. Any laws that needs to be passed to take care of some of this won’t be passed with this Congress (US House)
Insiders knew this was coming good grief. People this is also what happens when you let capitalism run unchecked.
FDIC is just a band aid they have stepped in before but, the market still went crazy and they have overseas holdings making it a bigger issue.
Damn, this actually can snowball little bit once I look at the deep details. Once again in America haven’t learned its lesson from 2008
yes, this is definitely not a good idea. Tesla has been on a bit of a tails spin.
Interest rate cannot go too far down because these banks are playing games with cheap money. And Republicans today have been super quiet about this bank and you know why.
I am referring to $SIVB stock.
Also, Elon used his own and other's capital to buy Twitter. (Separate from Tesla)
He can do the same for this stock.
He is going to owe a lot people who loan him money to buy Twitter a lot of money, so he better be just trolling right now
I'm already getting bothered by these fools about this matter, character attacks to discredit me and stage car accidents. I will probably have 100 cars chasing me tomorrow. It is not worth it dealing with white supremacist with a warped sense of reality to get paid.
Dude just wanted to complain about Elon Musk. The investors in Twitter did so because they believe they will benefit from the investment. What does that have to do with them donating money to a failed bank? The only non government investment in SVB will be if they get a ridiculous deal. Too much risk with little upside otherwise.
And also like I said earlier, tesla is having major issues right now…. He needs to pay attention to Tesla.
The Venture Capitalist- Startup economy was already taking a beating. Layoffs are going to get worse in the Tech Sector.
Yep, the old way the United States economy used to run have to change. Also, we need to keep Republicans out of power that make things even worse and meet some of these corporation in banks, get more giddy.
Venture capital (the preferred mode of raising cash for tech startups) does not have to be repaid, and it's different from institutional (banking) debt.
He has nothing tangible to lose besides reputation, pride, and future access to investor capital.
Actually Tesla is highly profitable, cash rich, and in great shape as a company. What major issues are you seeing?
Extremely interesting. Everyone needs to sit back and relax and watch this closely. The feds need to really regulate banks, hard right now.
The stock price is what I am referring to. Also, they been having a lot of issues lately with Tesla cars that is slowly coming back to bite them in the ass.
The FDIC cant stop panicked shareholders and customers.
Thats like being in a burning theater and telling everyone to "remain calm and stay in their seats....its all under control".
Monday the shares will drop to around $10.
Puts bout to have a field day.
I fucking knew it….. I tell you CAC’s are their own worst enemy
www.cnbc.com
Trump signs the biggest rollback of bank rules since the financial crisis
The measure designed to ease rules on all but the largest U.S. banks passed both chambers of Congress with bipartisan support.
Their stock price movement isn’t correlated to their health. The auto market is taking a beating but Tesla is increasing profit, expanding their market share, and increasing output. Tesla is killing it as a business. What issues are you seeing with the cars?
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