Society SVB Bank insolvency/collapse - Silicone Valley

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Rambo John J

Rambo John J

Eats things that would make a Billy Goat Puke
First 100
Jan 17, 2015
71,695
71,585
Poor banking practices exposed?

What is the story here?
 
Rambo John J

Rambo John J

Eats things that would make a Billy Goat Puke
First 100
Jan 17, 2015
71,695
71,585
sparkuri said:
Yep, same as portfolio type as svb.
I honestly thought they'd tank last month.
Click to expand...
Such a pile of shittola

I read somewhere about them offering 10 year interest only payments on mortgages for wealthy folks...no idea if true.

I want a bank that holds all of everybody's money on site or assets equivalent to...I know that isn't how shit works nowadays but that is the true definition of a bank.
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,544
57,902
Six Demon Bag said:
In reality our banks should be heavily armed and secured 24/7 and hold all of the cash invested in them so they can give it back to it's investors/bankers at any given time...the facade is being exposed
Click to expand...
That's not how it works. I don't know how much cash a bank keeps on hand, but keeping it all would be insanely dangerous.

It's loaned out/invested.

There isn't a bank anywhere that would be able to literally cash out every customer should they all happen to show up on the same day.
 
Rambo John J

Rambo John J

Eats things that would make a Billy Goat Puke
First 100
Jan 17, 2015
71,695
71,585
Hauler said:
That's not how it works. I don't know how much cash a bank keeps on hand, but keeping it all would be insanely dangerous.

It's loaned out/invested.

There isn't a bank anywhere that would be able to literally cash out every customer should they all happen to show up on the same day.
Click to expand...
I know that isn't how it works, every dollar they "hold" for the customer is spent/invested 10 times over.

I do think some banks could cash out all their customers within a short timeframe, but those banks likely hold gold in a secure location.
 
Hauler

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,544
57,902
www.cnbc.com

Customers grapple with deposit delays at big banks. What it means for you

Customers at several big banks on Friday wrestled with direct deposit delays, stemming from an industry-wide processing issue.
www.cnbc.com www.cnbc.com

Wife's direct deposit didn't post to her bank account. It usually shows on Thursday - as of this morning it still wasn't there.

Her company is saying it's a widespread problem outside of their control.

I know this - the explanation being fed to the media is likely complete bullshit.
 
Last edited:
sparkuri

sparkuri

Pulse On The Finger Of The Community
First 100
Jan 16, 2015
34,589
46,685
Hauler said:
www.cnbc.com

Customers grapple with deposit delays at big banks. What it means for you

Customers at several big banks on Friday wrestled with direct deposit delays, stemming from an industry-wide processing issue.
www.cnbc.com www.cnbc.com

Wife's direct deposit didn't post to her bank account. It usually shows on Thursday - as of this morning it still wasn't there.

Her company is saying it's a widespread problem outside of their control.

I know this - the explanation being fed to the media is likely complete bullshit.
Click to expand...
After Hezbollah speech.
BOA, WF, Chase etc.
Lol @ "glitch"
 
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