[Sarah Barracuda]

Oh I know I know..let me guess..NONE OF THIS IS BIDENS FAULT am I right

[Red Badger]

Blame Trump in 5.....4.....3......2......1......

[mosaicwolf]

This is all because Elon Musk exposed Twitter and the democrat communist party’s takeover of the tech industry.

[rktman]

I love a robust economy. Now I just need to find one. Maybe hunter has some suggestions. 😵🐎💩

[Fido969]

Inverse Cramer stock just went sky-high!

[FlingWingFlyer]

Quick, get the White House’s demented one out there and have him pin it one Trump. Have him take the black Orphan Annie with him. Have her sing The Sun Will Come Out Tomorrow.

[blackdog]

My wife and I were just offered jobs at the same company just outside Phoenix. When we carefully looked at the real-estate, current housing, apartment housing, highway infrastructure, and the average amount leveraged in 1.5% money facing a 300% increase, we declined to participate in a bomb about to go off. This ain't gonna be pretty folks. I expect a 40% collapse in real-estate in tech heavy areas in the next two years.

Imagine the banks holding those mortgages?

[FlingWingFlyer]

GOOD YOB BRANDON!!! FJB!

[CFW]

I wouldn’t believe anything the WaPo told me about SVB. I would suspect they have been told to sell their readers a certain narrative and make them believe it. Even if what they report this time is factual, I have no trust in their reporting so have no reason to believe it. None at all. That’s what happens when you “cry wolf” so many times only to be found to be lying. No honest person believes what you say anymore.

[Theoria]

[Penelope Dreadful]

Here, let me make it simple. The bank invested in a lot of “safe” government bonds, which had a low interest rate. So when interest rates go up, you have to dispose of those bonds at a steep discount, which means you will take a loss on them.

Example, you have a $100 bond, which pays 1% interest. Rates go up to 5%. You have to sell your $100 thing, for $90 (Or less) assuming it is a 2 year bond.

The new owner gets $100 when the bond redeems, plus 2% interest, or $102. He has made 6% for each year he has held the bond.

But you lose $10. Depending on much of this you have in your investments portfolio, and how much you are leveraged, you can lose your pants, and the pot you tinkle in, in a hurry.

[Worldtraveler once upon a time]

--- "Silicon Valley Bank has collapsed. Here's what we know."

SVB was gambling with customers' money and the cyber startups teetering and trembling bit them in the fiscal butt.... Nothing to see here / SARC

[HYPOCRACY]

The entire US banking system was federalized in 2008. Citi stock is still down 90% from its highs. If anyone thinks we have a viable banking system instead of a bunch of government run entities they are not informed.

[reg45]

The drug cartels will suffer when the Silicon Valley Bank customers have no cash for cocaine. LOL

[Bonemaker]

[HamiltonJay]

AH that’s right, this is the bank Jim Cramer was talking up as a huge upside about a month ago....

Buffoon

[MeganC]

I’m looking forward to the eventual movies about this new market collapse.

“Margin Call” and “The Big Short” were fabulous entertainment!

[donozark]

Not to worry. After all, this is but one bank and we have approximately 4600 left.../

Transient bank failures.

[redgolum]

All the old tunes are new again...

Been a while since we had a good old fashioned bank run.

[Theophilus]

The Banking Queen!