Are You Ready? Banks Postitioned For A Bail-in As Silicon Valley Bank Fails (FDIC, Fed Weigh Special Vehicle After SVB Collapses, AOC Alert!)

Confounded Interest ^ | 03/02/2023 | Anthony B. Sanders

[Kaiser8408a]

Don't worry, The Fed and FDIC will juryrig the system with a bail in or a special purpose vehicle like last time when Lehman failed.

[E. Pluribus Unum]

This is controlled demolition intended to drive us to the central bank digital currency when the bank runs begin.

[Governor Dinwiddie]

But hey, that's the price you've got to pay for no more mean tweets.

[eyeamok]

The Federal Reserve’s fight against inflation is causing serious problems

Especially since THEY CREATED the Inflation in the first place. This a classic example of "moneychangers" doing what "moneychangers" do, STEAL YOUR WEALTH

[Alberta's Child]

I don’t see that at all.

A more likely scenario is that people lose confidence in banking altogether — and they’ll have less confidence in a central bank than in their local bank branch.

[for-q-clinton]

it’s 2008 all over again. GM is failing, Banks are failing, Housing is way down...

We didn’t learn a damn thing from 2008 because failure was socialized. Until we let people/businesses fail we will continue this cycle.

[RoosterRedux]

System-wide bank health depends on how much of their long-term mortgages they sold to institutional investors and bundlers vs how much they are holding in-house.

[E. Pluribus Unum]

The people who lost millions in SVB will presented with the option of a CBDC or their money will remain lost.

People with $250,000 or less are FDIC insured... for now.

[Arkansas Tider]

Print more money to bail them out, what could go wrong? When the Fed does the only run that’s going to happen is on wheel barrows at Home Depot.

[Alberta's Child]

The “people” who lost money in SVB?

The bigger story is the COMPANIES that have millions of dollars in deposits at risk … and their employees, vendors, and creditors.

If I am the CEO of a company like that and you present me with a “CBDC or nothing” option, I just never show up for work again and let my employees, vendors and creditors clean up the mess — or (more likely) NOT clean it up.

[V_TWIN]

If the plan is to crash the US economy this makes perfect sense......but hey, I’m notoriously paranoid.

[Brilliant]

Just saw a talking head recommend a mutual fund that invests in large cap banks. The logic is that the big banks are not in trouble but they have gone down on the SVB scare so now is a good time to invest in them.

[E. Pluribus Unum]

If I am the CEO of a company like that and you present me with a “CBDC or nothing” option, I just never show up for work again and let my employees, vendors and creditors clean up the mess — or (more likely) NOT clean it up.

Even better.

The goal is complete economic collapse for the peasants.

[ConservativeInPA]

but hey, I’m notoriously paranoid.

It’s no paranoia when you are right or when they really are after you.

[dynachrome]

If regional banks go down the tubes, the larger banks left are much more controllable by the federal gov’t.

[Brilliant]

Yes. And they will have less competition.

[OpusatFR]

“The people who lost millions in SVB will presented with the option of a CBDC or their money will remain lost.”

You may have something. The banks and treasury are already testing, and have been for months, how a CBDC would work within the economy.

By exchanging cash deposits for CBDC which would not, at this point, be circulating in the economy, one could be looking at the Trojan Horse for implementation. The bank would remain solvent albeit accounts frozen, until the next stage.

[datura]

There is a new one world currency on the extremely near horizon.

I’m not at liberty to divulge the name.

[Eva]

That is probably the clearest explanation of what is going on that I have read yet. I understand why SVB has no actuary department to assess risk, but where are all the actuaries at the other ESG banks and investment firms? Actuaries are anathema to ESG.