[Mariner]

Awash in overvalued assets worth little more than half their original cost, few institutions today would survive a mark-to-market audit.

If any.

Fed says: No more Quantitative Tightening for you!

Abject surrender.

[RummyChick]

Yellen saying all depositors will be covered and it wont be taxpayer money. Not sure what they have done to cover it.

[nikos1121]

The Amish fighting again?

[cgbg]

Notice that it was the post 2008 Congress that banned mark to market audits of banks.

They own this.

[Mozzafiato]

Signature Bank “canceled” President Trump in the wake of January 6, 2021 and closed his accounts. Good riddance.

[Paladin2]

“...memories of the 2008 Lehman Brothers fall...”

All I can say is that that certainly screwed up the relative Utopia of Moonlight Basin in SW Montana.

America has not been the same since.

[roadcat]

Glad I no longer have money in First Republic. Lots of people are saying things will be fine as long as the public doesn’t panic and cause bank runs. However... if you have money in problem institutions wouldn’t you run and get your money to safer places? I’ll be pulling some money out of Charles Schwab on Monday, and putting it in safer places. Banked money from stock sales and purchases. Keep calm, and panic.

[ridesthemiles]

DOW tomorrow should be very interesting

[frogjerk]

Jim Cramer said SVB was a good investment not too long ago. How could such a genius be so wrong?