stock market was up today...

#13,727
#13,727
Rasputin_Vol said:
Silicon Valley Bank Followed Exactly What Regulation Recommended | ZeroHedge
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https://www.cnbc.com/2023/03/11/sil...s-received-bonuses-hours-before-takeover.html

"The size of the payouts couldn’t be determined, but SVB bonuses range from about $12,000 for associates to $140,000 for managing directors, according to Glassdoor.com.

SVB was the highest-paying publicly traded bank in 2018, with employees getting an average of $250,683 for that year, according to Bloomberg.

After its seizure, the FDIC offered SVB employees 45 days of employment, the people said. The bank had 8,528 employees as of December.

A spokesman for the FDIC declined to comment on the bonuses."

Seems like FDIC looked the other way.
 
#13,729
#13,729
marcusluvsvols said:
Thank you. Need all the help i can get. GO VOLS
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Saw this and thought of your question about investing in the US MIC. Might help you decide which offering you choose (along with cost, volume, etc)

It has a brief summary of major line items of spend (by supplier) for the coming year -

1678720445421.png

8 hypersonic missiles, 48 F-35 Lightning II fighters, 24 upgraded F-15EX Eagle II, ships, tanks, submarines and destroyers - the US will boost its defence capability by billions of dollars
 
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#13,730
#13,730
I got an investment note from Goldman Sachs today. They decomposed the SVB situation and plans in a great deal of detail. On the topic of deposits anyone under $250k has full access today to those deposits if they desire. Over $250k they only have access to a portion of their deposits and that percentage will increase over time as assets are sold to recoup depositor’s funds.
 
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#13,731
#13,731
NorthDallas40 said:
I got an investment note from Goldman Sachs today. They decomposed the SVB situation and plans in a great deal of detail. On the topic of deposits anyone under $250k has full access today to those deposits if they desire. Over $250k they only have access to a portion of their deposits and that percentage will increase over time as assets are sold to recoup depositor’s funds.
Click to expand...
Still sticking to your guns this morning? Not a bailout? 😀
 
#13,734
#13,734
85SugarVol said:
Saw this and thought of your question about investing in the US MIC. Might help you decide which offering you choose (along with cost, volume, etc)

It has a brief summary of major line items of spend (by supplier) for the coming year -

View attachment 540677

8 hypersonic missiles, 48 F-35 Lightning II fighters, 24 upgraded F-15EX Eagle II, ships, tanks, submarines and destroyers - the US will boost its defence capability by billions of dollars
Click to expand...


Thanks bro. Mighty nice of you to remember my questions. GBO. Are yall just dying for some Fingers Reports from spring camp already? Lol... last season was like a whirlwind. Want that great feeling back
 
#13,735
#13,735
85SugarVol said:
Still sticking to your guns this morning? Not a bailout? 😀
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Yep. Absolutely even at least this far. Think back to 2008. That was no doubt a bailout as the paper those banks held was worthless. The banks in question this far have assets of value they’re just upside down on liquidity. If they go under as SVB and Signature have those assets are seized and sold to restore depositors funds as they should be since they were purchased with those funds. Right now anyway using bailout is a dog whistle.
 
#13,737
#13,737
So I’m watching a news piece about SVB customers being relieved by getting a cashier’s check from the bank for their funds. LMAO if they think the bank is insolvent then why the hell did they accept a check from them?! People are fundamentally stupid.
 
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#13,739
#13,739
UT_VOLS13 said:
Bernie Sanders says Silicon Valley Bank's failure is the 'direct result' of a Trump-era bank regulation policy
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Is this the law that was a bipartisan bill that was passed by numerous democrats in addition to republicans? If it was so dangerous, why didn't the democrats repeal it the first 2 years of Biden's presidency, when they controlled the legislative branch and the executive branch?
The democrats are so stupid, they can't screw up anything and take responsibility without blaming Trump or the ultra supreme MAGA republicans.
 
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#13,744
#13,744
85SugarVol said:
That’s exactly what he called for.

“We need more regulation of US Banks”

SVB was not a regulatory failing.
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Yep, it was the fault of crappy management, which apparently these days carries no penalties. What's the point of having a $250k FDIC insurance limit when people with 10 or 100 times that get their money back?
 
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#13,746
#13,746
85SugarVol said:
“You know what will fix this mess we made? More government.”

- Democrats
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You give them way too much credit in the first sentence. They never admit the role government plays in making the mess, especially if they were the ones in power when the mess was made. They tend to think economic problems are caused by "greed."
 
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#13,747
#13,747
UT_VOLS13 said:
Bernie Sanders says Silicon Valley Bank's failure is the 'direct result' of a Trump-era bank regulation policy
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Pathetic attempt by Bernie and the Dems and they could have changed it at any time during the last 2 years. Surprised they haven't also blamed climate change and systemic racism yet. This is all on Biden and his handlers.
SVB failed because rapidly rising interest rates collapsed the value of its long term bond portfolio. Bidenflation caused the rapidly rising interest rates. Their management was incompetent but they checked a lot of boxes just like the Biden Admin. Sorry for the inconvenient truth.
 
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#13,749
#13,749
TheDirector said:
Pathetic attempt by Bernie and the Dems and they could have changed it at any time during the last 2 years. Surprised they haven't also blamed climate change and systemic racism yet. This is all on Biden and his handlers.
SVB failed because rapidly rising interest rates collapsed the value of its long term bond portfolio. Bidenflation caused the rapidly rising interest rates. Their management was incompetent but they checked a lot of boxes just like the Biden Admin. Sorry for the inconvenient truth.
Click to expand...

Hang on. Give em' a chance. The day is still young.
 
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#13,750
#13,750
VolStrom said:
Yep, it was the fault of crappy management, which apparently these days carries no penalties. What's the point of having a $250k FDIC insurance limit when people with 10 or 100 times that get their money back?
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It's why after this it is probably going to move to 100% insurance, no matter the amount.

They moved it from $100k to $250k during GFC.
 
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