Silicon Valley Bank is largest failure since 2008 crisis, billions stranded

rietrot said:
Deposits aren't their only source of equity.

They have/had 1-1 reserves for deposits. And basically went bust because they need to legally maintain that ratio.

*I would say a bond they intend to hold to maturity is not a cash equivalent because of the intended illiquidity, but it can quickly become a cash equivalent if you just decide to take the loss and sell it. This is a over regulation failure that requires banks to do this creative accounting.
Click to expand...
Okay trollrot
 
BBSA said:
Okay trollrot
Click to expand...
This is not the Ukraine thread. I can understand that you would have a stupid and emotional reaction over there when you are wrong, but usually you are more reasonable on other topics.
 
The_Right_Honourable_Brit said:
Mostly nonsense post. He was re-appointed by the Biden administration
Click to expand...

Nope, none of what i said was nonsense. We can break it down for you.

Jay Powell - Republican yes
Appointed fed governor in 2014, the term is 14 years. Yes

Now you are talking about Biden reappointing him chair but neither my post nor Konfabs spoke about chair.

Further more to my point, the FED isnt a partisan issue and neither is this banks collapse imo. Its all just bad business practices from SVB.
 
Pitbull said:
news.sky.com

Row erupts as US says Russian jet 'recklessly' collided with its drone, forcing it to crash over Black Sea

A senior Russian figure has described the whole episode as a "provocation". The incident has demonstrated the increasing risk of a direct confrontation between the two superpowers because of the Ukraine war.
news.sky.com news.sky.com
Click to expand...

Yes but a timeline please?

konfab said:
I hate all of them.
Give me a constitutional amendment to:
1) Require the federal government to maintain a neutral balance and only go into deficit during times of war.
2) Require the federal reserve to keep the money supply proportional to the population.
Click to expand...

Sure although i worry about them then going into minor wars just to be able to go into deficit.
 
Unhappy438 said:
Sure although i worry about them then going into minor wars just to be able to go into deficit.
Click to expand...
It makes the decision politically expensive to vote for.

Take this Ukraine business. If the US needed additional funding to back Ukraine they would either have to declare war on Russia, raise taxes or cut spending.

For Ukraine they might be able to do it. For Iraq or Syria? Probably not.
Which means it puts a massive dampening to US meddling overseas.
 
konfab said:
It makes the decision politically expensive to vote for.

Take this Ukraine business. If the US needed additional funding to back Ukraine they would either have to declare war on Russia, raise taxes or cut spending.

For Ukraine they might be able to do it. For Iraq or Syria? Probably not.
Which means it puts a massive dampening to US meddling overseas.
Click to expand...

Why would they have to declare war against Russia though? They could declare war against Uganda and run a low scale bombing campaign and then funnel money into Ukraine. The idea sounds nice but full of holes, i always like the idea that going to war required a referendum from the entire population. If the majority says yes then those who voted yes get shipped out for the war.
 
Pitbull said:
When you print money you don't have and spend it like it will never run out...

America to join a war in 3... 2... 1...
(That's how they make money)
Click to expand...
Pitbull said:
news.sky.com

Row erupts as US says Russian jet 'recklessly' collided with its drone, forcing it to crash over Black Sea

A senior Russian figure has described the whole episode as a "provocation". The incident has demonstrated the increasing risk of a direct confrontation between the two superpowers because of the Ukraine war.
news.sky.com news.sky.com
Click to expand...
:ROFL: Didn't take long... US rams drone into russi... eh, I mean putin kamikazied US drone purposefully forcing biden to print moar money for 'until the last ukrainian did died' campaign
 
Unhappy438 said:
the FED isnt a partisan issue
Click to expand...
:ROFL:

sure, the supreme court also isn't a partisan issue, Kavanaugh was just at the receiving end of countless false rape accusations specifically from democrats because they all want "due process" ...

back in the real world: everything with influence in USA is political, and everything political is partisan

the president, who is partisan, appoints a Fed chair that will do his bidding, which is partisan
 
NarrowBandFtw said:
:ROFL:

sure, the supreme court also isn't a partisan issue, Kavanaugh was just at the receiving end of countless false rape accusations specifically from democrats because they all want "due process" ...

back in the real world: everything with influence in USA is political, and everything political is partisan

the president, who is partisan, appoints a Fed chair that will do his bidding, which is partisan
Click to expand...
Thanks for illuminating us that your upper bound of counting ability is two. Cause if three is "countless" to you... are you comfortable with two?

www.independent.co.uk

What happened at Brett Kavanaugh’s Supreme Court confirmation hearing?

Three women have come forward with accusations. Mr Kavanaugh has categorically denied the veracity of each
www.independent.co.uk www.independent.co.uk
Three women have come forward with accusations. Mr Kavanaugh has categorically denied the veracity of each
Click to expand...
 
Interesting to see who was behind rolling back legislation for SME banks a few years back. The US is just 12 corporations in a trench coat and petty culture wars are a profitable exercise in misdirection by the corp media

Trump signs the biggest rollback of bank rules since the financial crisis​

PUBLISHED THU, MAY 24 201812:14 PM EDTUPDATED THU, MAY 24 20187:45 PM EDT
Jacob Pramuk @JACOBPRAMUK

KEY POINTS
  • President Donald Trump signs a bill rolling back certain bank regulations into law.
  • The law, which Congress passed with bipartisan support, eases rules on all but the largest institutions.
  • Proponents argue the measures will help community lenders, while opponents contend it went too far to help mid-sized and regional firms.
 
Tim_vb said:
Interesting to see who was behind rolling back legislation for SME banks a few years back. The US is just 12 corporations in a trench coat and petty culture wars are a profitable exercise in misdirection by the corp media
Click to expand...

No, see it was actually the woke agenda that caused this, not the deregulations meant to stop things like this happening.
 
RanzB said:
No, see it was actually the woke agenda that caused this, not the deregulations meant to stop things like this happening.
Click to expand...
"The federal government's lack of regulations made me deposit $500m in a single bank account that is only insured for $250k"
"The federal government's lack of regulations made me buy long term treasury bonds when interest rates are record low"
"The federal government's lack of regulations made me not hedge my investments against interest rates increases".


SVB lobbied the federal government to reduce regulations saying they are not a systemic risk. Therefore the federal government should not treat them like a systemic risk and create a bunch of exceptions for them.
Why the hell are you so hellbent on making sure rich @$$hats with too much money and too little sense remain rich @$$hats?
 
konfab said:
"The federal government's lack of regulations made me deposit $500m in a single bank account that is only insured for $250k"
"The federal government's lack of regulations made me buy long term treasury bonds when interest rates are record low"
"The federal government's lack of regulations made me not hedge my investments against inflation".

SVB lobbied the federal government to reduce regulations saying they are not a systemic risk. Therefore the federal government should not treat them like a systemic risk and create a bunch of exceptions for them.
Click to expand...

So maybe you should check whether we're talking cause of repercussions before just typing something irrelevant. It might help.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X