Bank regulators seize Silicon Valley Bank in largest bank failure since the Great Recession .... Wells Fargo ??

One thing we all should note is the government reaction to this. Especially if Trillions are spent. For Reparations we are doing years of studies and for Student Loan Forgiveness there is talk as if both are highly complicated but the Great Recession Bank bailouts were easy decisions that were paid and evaluated later.
The Biden told me they were going to vote on $15 minimum wage after …

Millions of students have to hold their breadth on a crooked Supreme Court, but millionaires with billions in assets get to have the government give them their money. I’m sorry, what’s the point of the FDIC again?
 
Chickens come home to roost.

Many more will fail this week.

2008 was $335b of assets gone and they bailed them out.

This bank alone was $200b and there's no bailout. The Fed, who was taken over by Treasury during Covid, documented, they have no money to bail out anything. Taxpayers aren't paying it.

This is the usher in of an asset backed financial system. Fiat is over.

95% of SVB money was not insured by FDIC. This will destroy many companies who won't even be able to meet payroll in the coming weeks.

I stated in another thread that Feb was going to bring this break down because banks would not comply to new monetary policy coming the 20th this month.

Any banks with heavy derivatives are what you need to watch. Need to pull out what you can to offset bank failures beyond what you need to pay bills.
 
FDIC can't even cover 1-2% of all "our" money in bank accts if/when all banks fail.

FDIC is the Federal Reserve.
All a facade...
 
The Biden told me they were going to vote on $15 minimum wage after …

Millions of students have to hold their breadth on a crooked Supreme Court, but millionaires with billions in assets get to have the government give them their money. I’m sorry, what’s the point of the FDIC again?



I listen to a Podcast where 4 Billionaire/Multimillionaire Venture Capitalists discuss economics, politics, and trends. They have different politics but all have agreed that the US needs to curb spending and cut costs to reduce debt. They really hammered it when Student Loan Forgiveness came up. Now all of them are saying the US needs to step in and guarantee the money by Monday. That there is no time to even evaluate it. This is yet another example of a group that advocates for its needs. We (as in Black folks) are the only group that just takes whatever we are given. We just take “the least evil” and hope they do something for us. We get happy about a “study” about Reparations. These other groups pound the table and demand shit. The FDIC insured loans up to 250k. By depositing more than that amount, the depositor is assuming risk. The government is not obligated to step in.
 
I listen to a Podcast where 4 Billionaire/Multimillionaire Venture Capitalists discuss economics, politics, and trends. They have different politics but all have agreed that the US needs to curb spending and cut costs to reduce debt. They really hammered it when Student Loan Forgiveness came up. Now all of them are saying the US needs to step in and guarantee the money by Monday. That there is no time to even evaluate it. This is yet another example of a group that advocates for its needs. We (as in Black folks) are the only group that just takes whatever we are given. We just take “the least evil” and hope they do something for us. We get happy about a “study” about Reparations. These other groups pound the table and demand shit. The FDIC insured loans up to 250k. By depositing more than that amount, the depositor is assuming risk. The government is not obligated to step in.
Bruh, I’m not one of those debt dick-diddlers. You can take that garbage and a shotgun to your face. I don’t give a shit about debt and none of that stuff.
 
Chickens come home to roost.

Many more will fail this week.

2008 was $335b of assets gone and they bailed them out.

This bank alone was $200b and there's no bailout. The Fed, who was taken over by Treasury during Covid, documented, they have no money to bail out anything. Taxpayers aren't paying it.

This is the usher in of an asset backed financial system. Fiat is over.

95% of SVB money was not insured by FDIC. This will destroy many companies who won't even be able to meet payroll in the coming weeks.

I stated in another thread that Feb was going to bring this break down because banks would not comply to new monetary policy coming the 20th this month.

Any banks with heavy derivatives are what you need to watch. Need to pull out what you can to offset bank failures beyond what you need to pay bills.
Banks Ranked by Derivatives
The following is a ranking of all banks in the United States in terms of "Derivatives". This comparison is based on data reported on 2022-09-30.



RankDerivativesBank Name
1$55,387,209,000,000JPMorgan Chase Bank
2$51,794,949,000,000Goldman Sachs Bank USA
3$46,562,329,000,000Citibank
4$22,087,831,000,000Bank of America
5$12,191,517,000,000Wells Fargo Bank
6$2,132,802,000,000State Street Bank and Trust Company
7$1,516,559,899,000HSBC Bank USA
8$1,174,293,000,000The Bank of New York Mellon
9$853,262,264,000U.S. Bank
10$582,376,432,000PNC Bank
11$377,502,758,000Western Alliance Bank
12$358,333,635,000TD Bank
13$324,868,000,000Truist Bank
14$314,819,951,000The Northern Trust Company
15$268,638,373,000Citizens Bank
16$207,575,413,000MUFG Union Bank
17$172,804,000,000Regions Bank
18$172,118,398,000Fifth Third Bank
19$164,169,093,000Capital One
20$141,516,289,000KeyBank
21$125,151,000,000Morgan Stanley Bank
22$91,387,963,000The Huntington National Bank
23$74,627,700,000UBS Bank USA
24$72,047,459,000Manufacturers and Traders Trust Company
25$70,524,000,000Comerica Bank
26$66,921,060,000BMO Harris Bank
27$62,394,072,000BOKF
28$56,832,956,000Capital One Bank (USA)
29$55,662,871,000Santander Bank, N.A.
30$46,960,000,000Morgan Stanley Private Bank
31$36,179,775,000City National Bank
32$34,139,634,000First Horizon Bank
33$27,682,000,000Silicon Valley Bank
34$25,114,500,000East West Bank
35$24,394,000,000Deutsche Bank Trust Company Americas
36$24,344,025,000Zions Bancorporation, N.A.
37$23,995,000,000Ally Bank
38$21,474,154,000SouthState Bank
39$21,249,838,000Flagstar Bank, FSB
40$19,392,658,000First-Citizens Bank & Trust Company
41$18,948,339,000Bank of the West
42$17,774,953,000First Financial Bank
43$16,958,926,000Webster Bank
44$16,610,282,000Synovus Bank
45$15,716,112,000Valley National Bank
46$15,112,000,000Barclays Bank Delaware
47$14,504,802,000TD Bank USA
48$13,590,051,000First National Bank of Pennsylvania
49$13,445,901,000Old National Bank
50$13,085,005,000Pacific Coast Bankers' Bank
 
FDIC can't even cover 1-2% of all "our" money in bank accts if/when all banks fail.

FDIC is the Federal Reserve.
All a facade...
They only cover a $250,000 if you have a certain account but the account holders need to choose their banking sauce wisely. This bank that crashed on Friday was gambling with people money and of course Trump rolling back the bank and Bill brought this on. I had to look up and down with my bank to make sure they wasn’t doing the same thing. I do have a second account with a credit union (Navy Federal) just in case shit goes south.
 

They trying to get the private sector to secure most of the accounts. A part of me want them to let them burn in hell but the other part of me know this is going to start a chain reaction with people not getting paid who’s companies are affiliated with the bank that crashed on Friday.
 
I listen to a Podcast where 4 Billionaire/Multimillionaire Venture Capitalists discuss economics, politics, and trends. They have different politics but all have agreed that the US needs to curb spending and cut costs to reduce debt. They really hammered it when Student Loan Forgiveness came up. Now all of them are saying the US needs to step in and guarantee the money by Monday. That there is no time to even evaluate it. This is yet another example of a group that advocates for its needs. We (as in Black folks) are the only group that just takes whatever we are given. We just take “the least evil” and hope they do something for us. We get happy about a “study” about Reparations. These other groups pound the table and demand shit. The FDIC insured loans up to 250k. By depositing more than that amount, the depositor is assuming risk. The government is not obligated to step in.
Do United States need to take back all of those stupid tax cuts that Trump did that shit cause a lot of fucking money. When it comes to Medicaid, Medicare and Social Security, that is off-limits.
 
This means the government is assuming the responsibility to pay back all depositors. It’s a damn shame that the Depositors of the Black Owned Freedom Bank had to take only half of their deposits but the government steps in on a weekend to guarantee Tech Bros money. This is a damn shame.
I’m not seeing any news stories about Freedom National Bank. You need to post a link or something
 
I’m not seeing any news stories about Freedom National Bank. You need to post a link or something


They got the private sector to back the money so at least it’s not coming from mostly the Feds.

Where did they say that? The Fed is guaranteeing the money. Not Private. Private is offering Dimes on the Dollar for assets and the Fed is guaranteeing to pay Depositors regardless.
 



Where did they say that? The Fed is guaranteeing the money. Not Private. Private is offering Dimes on the Dollar for assets and the Fed is guaranteeing to pay Depositors regardless.
The feds got some of the other institutions to buy the T bills. And yo that black bank failure happened in 1991. I’m beginning to get a little suspicious about you.
 
The feds got some of the other institutions to buy the T bills.
What institutions? What T Bills? How much did they pay vs what was on SVB’s Balance Sheets? Assets haven’t even gone to auction or undergone an offer process yet. Post the links where you are getting your info.
 
What institutions? What T Bills? How much did they pay vs what was on SVB’s Balance Sheets? Assets haven’t even gone to auction or undergone an offer process yet. Post the links where you are getting your info.
Yeah, you ain’t doing your research and I’m beginning to get a little suspicious about your political associations.
 

Yep, they need to go around and make examples out of some of these banks, especially the medium size ones because we do not need to go through another 2008 crash again. Like I said earlier, the federal government needs to put a heavy hand on these banks with regulations, because they are hardheaded.
 
BREAKING: PNC Financial Group has decided against bidding on Silicon Valley Bank as regulators struggle to find a buyer for the failed bank's assets, CNBC reports
 
Let's see what happens tomorrow.


Yeah, it looks like they did. I was wrong earlier they did get some banks take over a few accounts, but the bulk share of the money is coming from the feds. I am going to say this again, FDIC needs to go around and check every bank institution in this country to make sure there’s no foolishness going on. Also white people get very saucy when you freeze up credit so it is what it is unfortunately.
 
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