Stock Market is ROCKING

[smokingman]

Now even the SEC is investigating SVB.
What they do not mention is they have to, because well all the sales of SVB assets for pennies on the dollar have to be approved.

Do not worry though, they are doing so in cooperation with the Justice department, so I am sure everything will be "fair and equitable" to those of the correct venture capitalist political class.

In other words what I think is happening. So you were a left leaning venture capitalist with deposits(already made whole) and stocks(that you lost a boat load of money on). But they want to make sure the assets that are left are sold in a fair an equitable way...in other words I think they are selling assets dirt cheap to the ones who made the bad bets to start with, even if others offer more. Commonly known as theft(of other investors returns on sale of said assets). Selling of assets is taking place, but much of it is invite only. You need invited to bid,and the SEC and now JD control who gets those invitations. All the FDIC is doing is handing over assets for sale.


I am sure nothing shady is going on.

U.S. authorities investigating collapse of Silicon Valley Bank - WSJ By Investing.com

U.S. authorities investigating collapse of Silicon Valley Bank - WSJ

www.investing.com

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

That did not take long to prove correct.

'Another Scandal': Biden Admin 'Radicals' Blocked SVB Sale, Nationalized It, Then Blamed Trump For Collapse | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Leadeye]

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

With that sort of trend you won't have any small banks in the future, again dc curia picking the winners and losers.

 

[Leadeye]

This may be the national bankruptcy so many of us feared, who will loan them money to bail out with? So the only option is to print print print…

You keep hearing about "stubborn" inflation, it's easy to see why.

 

[Leadeye]

Now even the SEC is investigating SVB.
What they do not mention is they have to, because well all the sales of SVB assets for pennies on the dollar have to be approved.

Do not worry though, they are doing so in cooperation with the Justice department, so I am sure everything will be "fair and equitable" to those of the correct venture capitalist political class.

In other words what I think is happening. So you were a left leaning venture capitalist with deposits(already made whole) and stocks(that you lost a boat load of money on). But they want to make sure the assets that are left are sold in a fair an equitable way...in other words I think they are selling assets dirt cheap to the ones who made the bad bets to start with, even if others offer more. Commonly known as theft(of other investors returns on sale of said assets). Selling of assets is taking place, but much of it is invite only. You need invited to bid,and the SEC and now JD control who gets those invitations. All the FDIC is doing is handing over assets for sale.


I am sure nothing shady is going on.

U.S. authorities investigating collapse of Silicon Valley Bank - WSJ By Investing.com

U.S. authorities investigating collapse of Silicon Valley Bank - WSJ

www.investing.com

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

And again, dc curia picking the winners and losers.

 

[smokingman]

And again, dc curia picking the winners and losers.

They think like this.(i did lol).

 

[Ark]

With that sort of trend you won't have any small banks in the future, again dc curia picking the winners and losers.

Democrats more than happy to see all of banking reduced to three or four megacorps that are dutiful and responsive to the state's demands.

 

[asevans]

There are very few things as centralized as Bitcoin. 1 single person, if he chooses, could shut down the entire ecosystem and wipe the value. The value of bitcoin is predicated on that NOT happening. Central banks should and have zero fear of crypto.

Ok that tells me you no nothing about what your talking about. You need to do a little more research. No one can shut off bitcoin. No one is in charge of bitcoin. You must work for the FED

 

[smokingman]

Moody's downgrades U.S. banking system's outlook to negative citing bank runs

Moody's has changed its outlook on the U.S. banking system from "stable" to "negative," pointing to deposit runs on multiple institutions, including Silicon Valley Bank.

www.foxbusiness.com

 

[ditcherman]

There’s a crypto thread here…

Anyone Invested in crypto?

For the past 6 months I've been falling back in love with cryptocurrency, anyone else gotten involved in it?

www.indianagunowners.com

among others.
No one needs to try to change anyone’s mind about crypto, in here. It’s pointless, no matter where you stand.

 

[DoggyDaddy]

There’s a crypto thread here…

Anyone Invested in crypto?

For the past 6 months I've been falling back in love with cryptocurrency, anyone else gotten involved in it?

www.indianagunowners.com

among others.
No one needs to try to change anyone’s mind about crypto, in here. It’s pointless, no matter where you stand.

I think it's telling that the primary places to buy crypto seem to be at gas station ATMs in the seedier parts of town...

 

[smokingman]

WOW... Silicon Valley Bank gave $73,450,000 to "BLM Movement & Related Causes"

 

[smokingman]

Ok that tells me you no nothing about what your talking about. You need to do a little more research. No one can shut off bitcoin. No one is in charge of bitcoin. You must work for the FED

Shutting off bitcoin is as easy as killing the power(same for most fiat currencies).
Not to mention the greatest risk to any currency in the digital realm quantum computers. Which could make short work of anything in a digital space.

 

[DadSmith]

Biden bailout a step toward government control of banking system

Economists warn that President Biden’s extraordinary action at two collapsed banks is the first step toward government control of the banking system.

m.washingtontimes.com

 

[DoggyDaddy]

Ok that tells me you no nothing about what your talking about. You need to do a little more research. No one can shut off bitcoin. No one is in charge of bitcoin. You must work for the FED

And if it fails (and it will), who do you go after to be made whole? Your post is correct. The answer is "no one". You're just screwed.

 

[BugI02]

I think it's telling that the primary places to buy crypto seem to be at gas station ATMs in the seedier parts of town...

Yeah, you can see little round things inside the foil wrappers - must be bitcoins, yes?

 

[ditcherman]

Yeah, you can see little round things inside the foil wrappers - must be bitcoins, yes?

And they taste just like cheap chocolate!

 

[Leadeye]

I always liked those chocolate coins in foil we got as kids from time to time. I wonder if they are still around.

 

[dieselrealtor]

A number of years ago, I bought GM stock for my IRA at $60's as it seemed to be as solid as anything around. Fast forward a few years, sold it at $30 & was thrilled I did before it went to zero.

I am a firm believer in tangible assets, things you can see, touch, feel & walk on. Real estate in the right places. I don't want to own anything in liberal states, liberal counties or liberal cities as .gov seems to encroach heavily on margins via taxes and exercise too much control on what you can do with your own property.

 

[d.kaufman]

I always liked those chocolate coins in foil we got as kids from time to time. I wonder if they are still around.

Chocolate Gold Coins, 1lb Bag https://a.co/d/29E2Dkg

 

[DadSmith]

Barney Frank, architect of Dodd-Frank Act, pushes back on Democrats blaming Trump for bank collapses

Democrats, including President Joe Biden and Sen. Elizabeth Warren (D-Mass.), are blaming Donald Trump for the sudden collapse of two banks, Silicon Valley Bank and Signature Bank.But Barney Frank, a leading sponsor of the Dodd-Frank Act, sharply disagrees. The law, signed by then-President...

www.theblaze.com