'The government has 48 hours': Billionaire investor Bill Ackman calls on Biden to bail out SVB by Monday MORNING or face catastrophic market meltdown and loss of tens of thousands of jobs

Daily Mail ^ | 3/12/2023 | James Gordon

[marcusmaximus]

Billionaire hedge fund manager Bill Ackman is forecasting 'economic meltdown' within hours of the banks opening up on Monday morning following the failure of Silicon Valley Bank.

Ackman is urging for the U.S. government to finally step in and protect all of the bank's depositors, warning inaction could lead to a ripple effect across other smaller banks within the industry.

The worry is that customers will rush to withdraw cash from their accounts fearing instability across the banking system with the very real possibility of a domino effect.

[Alberta's Child]

Maybe I’m being overly simplistic about this, but if I was running a bank I wouldn’t want a single penny invested in mortgage-backed securities.

Isn’t the whole point of selling my mortgages to bond holders to get them off my hands? By investing in MBS assets, don’t I run the risk of buying back a mortgage I sold last week just to get it off my books?

[Alberta's Child]

Or maybe I have $1 billion in cash accounts and don’t have the time to track 4,000 different accounts. :-P

[Liaison]

It seems Uber cool venture capital banked jumped the shark.
Shark tanked you might say.
😁

[SaveFerris]

[Digital Currency]

Nice catch. Now (for the thread) this will not happen tomorrow. This will only happen in the middle of the 7 years of 'Peace and Security' that divides Israel (Yes, even Jared Kushner and Jason Greenblatt were working on this in 2019).

BUT keep an eye on Digital Currency. A (coming) Cashless Society is a Sign of the Times, IMHO.

[EBH]

This is to move to the CBDC.

[SaveFerris]

[Biden announced the US Central Bank Digital Currency on Wednesday]

Dang I missed that. I’ll have to see if I can find the video.

[E. Pluribus Unum]

https://www.nbcnews.com/tech/crypto/us-government-digital-currency-rcna19248

[SaveFerris]

Wouldn’t surprise me if you’re not spot on there.

As with all the crypto stuff; collapses, people dying.

[dpetty121263]

I think you are on point but by that time the World will be in such chaos that people will beg for any stable force as people will literally die from fright with all that will be coming done upon them.

[aMorePerfectUnion]

[hercuroc]

Doing the same thing he did in 2008...create panic to make billions.

https://www.forbes.com/sites/antoinegara/2020/03/25/billionaire-bill-ackman-100-fold-return-on-coronavirus-hedge-2-billion/?sh=73eb9d146fcc

[SaveFerris]

Thanks - appreciate it!

[aMorePerfectUnion]

… you do know the FDIC insurance is based on taxpayer ID and not banks??

[SaveFerris]

The Two Witnesses of God will bring even more chaos as initial judgments - that’s why the unbelievers of the world will celebrate their dead bodies in the streets of Jerusalem (Revelation 11).

BUT, a little surprise is coming, just a few days after they are killed.......

[StAnDeliver]

"I think Broken has announced that there will be no bail outs. There’s already a run on Republic Bank. Monday should be interesting."

[SaveFerris]

'Peace and Security'

Now for a canned post (I am posting this as further proof of the times we are living in):

--------------------------------------------------------

THE FOLLOWING IS FROM SOMETHING I HAVE SAVED FOR THESE TOPICS - SO THAT THOSE WITH EYES TO SEE AND EARS TO HEAR MAY SEE AND HEAR

The real shame of it, I'm very sorry to say, is the following. The man got further than anyone, using the exact words the Scripture has prophesied. Words used by Hillary, Barack, Bibi, United Nations people, Tony Blair, etc. etc. etc. This (when confirmed by the Man of Lawlessness) will unleash the 7-years of Tribulation upon the Earth and there will be no shutting it down. Not until the actual Second Coming of Jesus Christ to this Earth.

And then shall the "god of this world" be finally dethroned, along with the kings of the Earth that followed him. And in the middle of that 7 years, the Mark of the Beast (Revelation 13:16-18, Revelation 14:9-12). Then shall be Great Tribulation such as never was.

The following is composed from a previous post of mine. This is where this old world is headed my friends; it will not be stopped; for it was prophesied from old. It will....wait for it...come to pass. Exactly as the Lord has prophesied. All events will eventually (duh) lead to the Scripture being fulfilled. I can only pray to be worthy by the blood of Christ (Luke 21:34-36; Hebrews 1:3).

I hate to post it but my duty to the Lord comes first (in whatever small way it might wake some people up) - >>>Now I DON'T know that he's THE guy<<< - simply pointing out that the groundwork is being laid - EXACTLY as God's Holy Word in the Bible predicted.

1 Thessalonians 5:3

Revised Standard Version

3 When people say, “There is
PEACE AND SECURITY,”
then sudden destruction will come upon them as travail comes upon a woman with child, and there will be no escape.

https://www.biblegateway.com/passage/?search=1%20Thessalonians%205%3A3&version=RSV



https://www.israelhayom.com/2019/05/20/kushner-confirms-bahrain-economic-workshop-in- apparent-first-part-of-us-peace-plan/

[ConservativeMind]

It can more than cover the $250,000 deposits, far beyond “1%.”

[StAnDeliver]

"Essentially, SVB got its duration matching wrong. They build an asset structure that assumed the liabilities were sticky. To be sure, the finance dept likely ran a zillion stressed liquidity scenarios but, ultimately, their ALCO chose a tranquil horizon. They got that wrong bigly."

Yeah that's the nut. A bank full of freaking unicorns, and none of them saw that inflation was going to cause the Fed to stamp it out via rate rises as having been the sole Fed method for 50 freaking years? Something ain't right.

[E. Pluribus Unum]

Because we can trust the US feral government?

[tomkat]

Take your probable con attempt and piss off, Bill.