Banking failure

[sumdumguy]

Maybe bank went all-in on bitcoin and lost the code. 😂

[biglentil]

There is one and only one financial asset that has zero counterparty risk. We are about to be reminded why that intrinsic quality is so important.

[Rareearth]

I will be investing and saving govcoin

I’ve been watching the Brier on tv and the Toronto Dominion bank TD is promoting them.
The tokens have a pic of a loon on one side
😊

[Richard5]

US FDIC shut down Silicon Valley…

They have 151$Billion in uninsured deposits… all the tech layoffs are coming home to roost…. Money not going in as fast as being withdrawn…

$250K limit on insured deposits… in the US…

CDIC in Canada… $100K! At Chartered Banks…

What insanity. Why isn’t the limit $1Million????

Land is worth 10x 2000 levels…. Combines and Tractors… close to the same….



Trust the Government????

Cheers

That’s why there are an every increasing number of 25,000 acre farms with 40 million+ debt. These guys will be the smartest ones by borrowing as much as you can

[fjlip]

When are loans called in? Aren't all demand loans?

1929 only CASH was king. 2008 people walked away from loans.

[Rareearth]

There is alot more money around now than in the 80’s ( 43 years ago)
, markets are cycles, prices for everything goes up and down(sometimes) ot many could hold out for smokes to go down, iPhones, or homes, etc

Doing nothing is a decision, not always a good one

[jazz]

There will be a bailout and they will sell it as a national security risk to our tech economy.

Book it. No way they let these banks go down.

If Ukraine can get $150b so can the tech unicorn economy.

[Grahamp]

I’m a bit conflicted I hate bailouts but deposits should be safe, or at the least the limits should be higher. If no bailout (at least for depositors) every regional bank in US is at risk. It doesn’t seem right if you sell a combine in Iowa you could lose half your sale because a run. It depositors aren’t backstopped by Monday morning and you have more than 250k in a bank you simply must move it out. It is irresponsible not to. I’d hate to see the First National Bank of Iowa or some other farmer/small business bank fail due to a run just because they don’t have 100% cash for all deposits. There are many well run banks who have assets in a variety of securities that could not handle every dollar over 250k withdrawn monday morning.

[biglentil]

I’m a bit conflicted I hate bailouts but deposits should be safe, or at the least the limits should be higher. If no bailout (at least for depositors) every regional bank in US is at risk. It doesn’t seem right if you sell a combine in Iowa you could lose half your sale because a run. It depositors aren’t backstopped by Monday morning and you have more than 250k in a bank you simply must move it out. It is irresponsible not to. I’d hate to see the First National Bank of Iowa or some other farmer/small business bank fail due to a run just because they don’t have 100% cash for all deposits. There are many well run banks who have assets in a variety of securities that could not handle every dollar over 250k withdrawn monday morning.

For most of U.S. history, laws require banks to hold a reserve for all of the money on their books.

Banks, by law, were required to hold a minimum of 10% of their holdings in reserves so they can meet their obligations in case of an emergency.

They just got rid of that requirement on March 26, 2020.

Banks are no longer required to keep any percentage of their deposits in reserves.

Canada same zero reserve requirements.

[biglentil]

It ain't just SVB.

[errolanderson]

This past week senate committee media question: Do you see any systemic risk to markets with the raise in rates?

Fed Chair Powell: No

I guess he couldn’t say yes . . . .

[jazz]

Some say Powell is a clandestine white hat, fighting the deep state USD weaponization.

How does a bank like this go under in a day. Sounds more like it was a deep state hit job.