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| 02:44 AM | ||
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| 02:44 AM | ||
Cops Called to Silicon Valley Bank Manhattan Branch After Group of Investors Try to Pull Out Cash | |
| SO IT BEGINS User ID: 74034833  United States03/10/2023 07:51 PM Report Abusive Post Report Copyright Violation | |
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| Anonymous Coward User ID: 59924217 United States03/10/2023 07:58 PM Report Abusive Post Report Copyright Violation | Re: Cops Called to Silicon Valley Bank Manhattan Branch After Group of Investors Try to Pull Out Cash NYPD responded to a Silicon Valley Bank branch in Manhattan Friday morning after investors showed up to try to pull money out of their accounts. Quoting: SO IT BEGINS 74034833 Silicon Valley Bank on Friday was shut down by regulators in the biggest bank failure since the 2008 liquidity crisis. Silicon Valley Bank reportedly holds $173 billion in deposits. The Fed interest rate is at 4.57% and $117 billion of Silicon Valley Bank securities are yielding only 1.56-1.66% – this is causing a run on the bank. California regulators shut down the bank and the FDIC took over. Silicon Valley Bank holds $173B of deposits. Fed interest rate is at 4.57% SVB's $117B of securities (MBS) yield 1.56-1.66% This is causing a bank run If enough VC / tech cos pull their money, —SVB may be bankrupt —Many startups may be wiped out —Crash may cause a recession! pic.twitter.com/wA38Mx1edb — Deedy (@debarghya_das) March 10, 2023 A group of tech investors showed up to the Manhattan branch in New York on Friday morning to pull out their cash. Journalist Eric Newcomer said he spoke to some of the investors who pulled money out of Silicon Valley Bank. According to Newcomer, some startups who are contractually obligated to keep their money with SVB, breached their covenants and pulled the money out anyway. “After all, possession is nine-tenths of the law.” Newcomer wrote in a Substack. [link to www.thegatewaypundit.com (secure)] If possession is nine tenths of the law then this bank would not allow depositors to withdraw. Once money is deposited it then belongs to THE BANK. At least the article mentions that the crash is being purposefully agitated by 5% rates. These two things alone mean that this run is being caused on purpose. |
| Anonymous Coward User ID: 77744381 United States03/10/2023 08:08 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 80600233 United States03/10/2023 08:09 PM Report Abusive Post Report Copyright Violation | Re: Cops Called to Silicon Valley Bank Manhattan Branch After Group of Investors Try to Pull Out Cash NYPD responded to a Silicon Valley Bank branch in Manhattan Friday morning after investors showed up to try to pull money out of their accounts. Quoting: SO IT BEGINS 74034833 Silicon Valley Bank on Friday was shut down by regulators in the biggest bank failure since the 2008 liquidity crisis. Silicon Valley Bank reportedly holds $173 billion in deposits. The Fed interest rate is at 4.57% and $117 billion of Silicon Valley Bank securities are yielding only 1.56-1.66% – this is causing a run on the bank. California regulators shut down the bank and the FDIC took over. Silicon Valley Bank holds $173B of deposits. Fed interest rate is at 4.57% SVB's $117B of securities (MBS) yield 1.56-1.66% This is causing a bank run If enough VC / tech cos pull their money, —SVB may be bankrupt —Many startups may be wiped out —Crash may cause a recession! pic.twitter.com/wA38Mx1edb — Deedy (@debarghya_das) March 10, 2023 A group of tech investors showed up to the Manhattan branch in New York on Friday morning to pull out their cash. Journalist Eric Newcomer said he spoke to some of the investors who pulled money out of Silicon Valley Bank. According to Newcomer, some startups who are contractually obligated to keep their money with SVB, breached their covenants and pulled the money out anyway. “After all, possession is nine-tenths of the law.” Newcomer wrote in a Substack. [link to www.thegatewaypundit.com (secure)] If possession is nine tenths of the law then this bank would not allow depositors to withdraw. Once money is deposited it then belongs to THE BANK. At least the article mentions that the crash is being purposefully agitated by 5% rates. These two things alone mean that this run is being caused on purpose. Everyone will flee to treasuries. Treasuries will get converted to the next Monopoly money. |
| Anonymous Coward User ID: 79263862 China03/10/2023 08:14 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 85411127 03/10/2023 08:15 PM Report Abusive Post Report Copyright Violation | Re: Cops Called to Silicon Valley Bank Manhattan Branch After Group of Investors Try to Pull Out Cash NYPD responded to a Silicon Valley Bank branch in Manhattan Friday morning after investors showed up to try to pull money out of their accounts. Quoting: SO IT BEGINS 74034833 Silicon Valley Bank on Friday was shut down by regulators in the biggest bank failure since the 2008 liquidity crisis. Silicon Valley Bank reportedly holds $173 billion in deposits. The Fed interest rate is at 4.57% and $117 billion of Silicon Valley Bank securities are yielding only 1.56-1.66% – this is causing a run on the bank. California regulators shut down the bank and the FDIC took over. Silicon Valley Bank holds $173B of deposits. Fed interest rate is at 4.57% SVB's $117B of securities (MBS) yield 1.56-1.66% This is causing a bank run If enough VC / tech cos pull their money, —SVB may be bankrupt —Many startups may be wiped out —Crash may cause a recession! pic.twitter.com/wA38Mx1edb — Deedy (@debarghya_das) March 10, 2023 A group of tech investors showed up to the Manhattan branch in New York on Friday morning to pull out their cash. Journalist Eric Newcomer said he spoke to some of the investors who pulled money out of Silicon Valley Bank. According to Newcomer, some startups who are contractually obligated to keep their money with SVB, breached their covenants and pulled the money out anyway. “After all, possession is nine-tenths of the law.” Newcomer wrote in a Substack. [link to www.thegatewaypundit.com (secure)] If possession is nine tenths of the law then this bank would not allow depositors to withdraw. Once money is deposited it then belongs to THE BANK. At least the article mentions that the crash is being purposefully agitated by 5% rates. These two things alone mean that this run is being caused on purpose. Everyone will flee to treasuries. Treasuries will get converted to the next Monopoly money.   |
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| Anonymous Coward User ID: 85411127 03/10/2023 08:28 PM Report Abusive Post Report Copyright Violation | |
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| Anonymous Coward User ID: 74230212 United States03/10/2023 08:31 PM Report Abusive Post Report Copyright Violation | Re: Cops Called to Silicon Valley Bank Manhattan Branch After Group of Investors Try to Pull Out Cash Funny how the last time banks started failing, obama was the problem, and now it's starting again, as if he were still running things ? The only difference now is he has a White puppet to hide behind.  |
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Cap’n Obvious
 User ID: 84005301 United States03/10/2023 08:42 PM Report Abusive Post Report Copyright Violation | Re: Cops Called to Silicon Valley Bank Manhattan Branch After Group of Investors Try to Pull Out Cash Wrong take on why it collapsed. It collapsed because 90 plus percent of their depositors had over 250k in their accounts…. It only took a few large accounts to pull their money out to cause a collapse. Technically, they were only a few billion in the hole… but they were having difficulty raising that money. That caused their stock to drop… but that as still solvable. The bank run quickly made them hopelessly insolvent. The collapse is going to happen…. Every GLPer knows that. But the longer that collapse is delayed the more time we have to prepare. I say that we bail them out and keep the system running as long as possible. GET EFFING READY! Every single one of you need to do more to get ready. Have a nice day = GFY. GFY = Go Fuck Yourself. If this offends you then have a nice day. |
| Anonymous Coward User ID: 85411127 03/10/2023 08:47 PM Report Abusive Post Report Copyright Violation | Re: Cops Called to Silicon Valley Bank Manhattan Branch After Group of Investors Try to Pull Out Cash Wrong take on why it collapsed. Quoting: Cap’n Obvious It collapsed because 90 plus percent of their depositors had over 250k in their accounts…. It only took a few large accounts to pull their money out to cause a collapse. Technically, they were only a few billion in the hole… but they were having difficulty raising that money. That caused their stock to drop… but that as still solvable. The bank run quickly made them hopelessly insolvent. The collapse is going to happen…. Every GLPer knows that. But the longer that collapse is delayed the more time we have to prepare. I say that we bail them out and keep the system running as long as possible. GET EFFING READY! Every single one of you need to do more to get ready. I SAY LET IT CRASH BURN LOCK UP THE PERPS END THE FED BE DONE WITH THIS BULLSHITTT A COMPLETE START OVER |
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| Crypto-Tard
User ID: 78144147 United States03/10/2023 08:53 PM  Report Abusive Post Report Copyright Violation | |
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| Anonymous Coward User ID: 85386539 United States03/10/2023 08:59 PM Report Abusive Post Report Copyright Violation | Re: Cops Called to Silicon Valley Bank Manhattan Branch After Group of Investors Try to Pull Out Cash |
