Off-Topic Stock Market & Crypto Discussion

[90scane]

U.S. moves to protect all deposits at Silicon Valley Bank in bid to stem wider fallout

After shutting down one of the tech industry’s top banks Friday, federal authorities took extraordinary steps to head off a broader financial crisis before markets reopened for Monday trading.

www.nbcnews.com

Corruption supported! Sad

 

[Calinative]

It’s not fundamentally different. You’re taking a risk with every penny that’s not insured. If this was any other local or regional bank in bum**** nowhere, they would laugh at the suggestion that depositors should be made whole.

You think if this was a primarily Farmers bank (who had the assets to back up the deposits when matured) there would be ANY question whatsoever that the deposits would need to be guaratneed? lol.

 

[90scane]

Second:

Regulators close crypto-focused Signature Bank, citing systemic risk

U.S. regulators on Sunday shut down New York-based Signature Bank in a bid to prevent the spreading banking crisis.

www.cnbc.com

 

[JD08]

I don't know why your panties are so twisted you're the one who tried to place blame on the 2008 admin. I merely showed you who loosened the regs. Who's the one being partisan?

That's how you see it. I clearly said in the wake of 2008. There have been 3 different administration's since. You tried to put the blame on one.

 

[CFLCane]

That's how you see it. I clearly said in the wake of 2008. There have been 3 different administration's since. You tried to put the blame on one.

Without being partisan the facts are. 1 party signed frank dodd into law. 1 party crippled it. And there has only been 2 administrations since.

 

[90scane]

Are they going to fund Signature too? $110B of assets at Signature…or are those fake crypto assets?

 

[JD08]

Without being partisan the facts are. 1 party signed frank dodd into law. 1 party crippled it. And there has only been 2 administrations since.

Please explain what Trump rolled back that would have prevented this and why, if that was so bad, it wasn't put back in place when the Biden admin had control of both the House and Senate.

Or, instead of trying to use this to blame one side, you could agree that our government has once again failed us.

 

[CFLCane]

Please explain what Trump rolled back that would have prevented this and why, if that was so bad, it wasn't put back in place when the Biden admin had control of both the House and Senate.

Or, instead of trying to use this to blame one side, you could agree that our government has once again failed us.

I already did that in this post below. Regulators failed in this instance but SVB would've been under far more scrutiny under the original dodd/frank provisions. It's certainly possible regulators could've failed at that too but less likely.

https://www.canesinsight.com/threads/stock-market-crypto-discussion.160642/post-6482360

 

[JD08]

I already did that in this post below. Regulators failed in this instance but SVB would've been under far more scrutiny under the original dodd/frank provisions. It's certainly possible regulators could've failed at that too but less likely.

https://www.canesinsight.com/threads/stock-market-crypto-discussion.160642/post-6482360

That's a long way to say, "You're right, JD."

 

[SpikeUM]

This isnt rocket science or a massive cover up. Lots of blame to pass around, a Federal government that cant stop spending, a Fed that was late to increase and had to do so rapidly, and poor, maybe even negligent management, regulators, external and internal auditors, etc.

 

[SpikeUM]

SVB's tech failings were a problem long before the bank run that led to its demise, critics say

A former Silicon Valley Bank employee and some SVB clients say the firm's inadequate technology created problems long before the run on the bank.

www.cnbc.com

 

[561caneforever]

Without being partisan the facts are. 1 party signed frank dodd into law. 1 party crippled it. And there has only been 2 administrations since.

By the way, Barney Frank is on the Board of Directors at Signature Bank. You can't make this up.

 

[90scane]

Do these “bailouts” give the FED enough leeway to increase.25 in March if core cpi is still hot?

 

[SpikeUM]

U.S. moves to protect all deposits at Silicon Valley Bank in bid to stem wider fallout

After shutting down one of the tech industry’s top banks Friday, federal authorities took extraordinary steps to head off a broader financial crisis before markets reopened for Monday trading.

www.nbcnews.com

Corruption supported! Sad

Many of those securities have fallen in value as the Fed has raised interest rates. The terms would allow banks to borrow at 100 cents on the dollar for securities trading potentially well below that value, potentially putting the government at risk of losses incurred by banks. Critics said the move would essentially offer a backdoor subsidy to bank investors and management for failing to properly manage interest-rate risks.

Those terms are more generous than typical emergency bank loans of up to 90 days offered through the Fed’s main “discount window” borrowing program. The program could signal that banks that face withdrawals won’t have to liquidate securities and take losses to raise cash.

 

[CFLCane]

That's a long way to say, "You're right, JD."

Well you're not, but enjoy that fence post.

 

[JD08]

Well you're not, but enjoy that fence post.

I already did that in this post below. Regulators failed in this instance but SVB would've been under far more scrutiny under the original dodd/frank provisions. It's certainly possible regulators could've failed at that too but less likely.

https://www.canesinsight.com/threads/stock-market-crypto-discussion.160642/post-6482360

 

[JD08]

Apparently they're hoping this will prevent a third bank from going belly up.

Federal Reserve Board announces it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors

To support American businesses and households, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository i

www.federalreserve.gov

 

[CFLCane]

View attachment 232751

Again, the level of scrutiny would have been much higher under the original bill. Not the stadium security pat down that seems to be happening now.

 

[JD08]

Again, the level of scrutiny would have been much higher under the original bill. Not the stadium security pat down that seems to be happening now.

Again, the regulators failed. Again, there were opportunities to reinstate the regulations.

You're still seeing this through a partisan lens. The point is that leadership failed us at every turn. That could be by removing regulations or failing to put them in place if necessary. The simple fact is there were some measures in place to supposedly prevent this and the regulators failed to properly do their job. Would it have mattered what regulations were in place if the regulators are too incompetent to follow them? There is a single point of failure here and the lack of redundancy and checks and balances should be disturbing to anyone not looking for a partisan axe to grind.

The people responsible for ensuring the integrity of our banking system are not doing so.

 

[561caneforever]

Again, the regulators failed. Again, there were opportunities to reinstate the regulations.

You're still seeing this through a partisan lens. The point is that leadership failed us at every turn. That could be by removing regulations or failing to put them in place if necessary. The simple fact is there were some measures in place to supposedly prevent this and the regulators failed to properly do their job. Would it have mattered what regulations were in place if the regulators are too incompetent to follow them? There is a single point of failure here and the lack of redundancy and checks and balances should be disturbing to anyone not looking for a partisan axe to grind.

The people responsible for ensuring the integrity of our banking system are not doing so.

BOOM!