Breaking Bloomberg News: FDIC and Federal Reserve discuss fund to backstop deposits if more banks fail following Silicon Valley Bank's collapse

….all ledger entries on a computer in the end.

The real problem is who decides which entries take a haircut and those that don’t.

This whole thing has a very fishy smell to it.

Give a man a gun...He can rob a bank.

Give a man a bank...He can rob the world.

Just the filthy rich taking care of the filthy rich at taxpayer expense.

Again.

And again.

They definitely figured out a (criminal) scheme that makes them obnoxiously wealthy by offloading all risk onto the taxpayer. They write the laws to ensure (nay guarantee) their success.

Get your ammo and metals this party is going to be a real hoot.

Yeah it's those retards not the J_Ws. Fuck you morans will never get it.

If the Federal Reserve is involved you know something shady is going down.

This is starting to look like an intentional act if so it won't matter what they do... It'll just take another Peter Theil to set off runs... Theil instigated a 42 billion run on a solvent bank and collapsed it for his daddy Klaus... I'm thinking maybe we should expect more of the same until the damage becomes an unstoppable row of dominos.

J_Ws hire those retards Fuck you moran we get it.

By the FED's own admission, the only tactic they possess to deal with inflation is to totally collapse the entire economic and monetary system, and start from zero.
I'm sure it's just coincidence everyone is talking about establishing a single global bank and digital currency.

WHERE are the bank regulators who didnt see this coming???

if you print it, they will fail

they say Trump's 2018 bill caused this..

Democrats control the White House, the Senate and Congress and STILL it is ALL SOMEONE ELSE'S FAULT!

Why?

Democrats can't take responsibility for anything and are therefore incapable of leadership.

Suck less Democrat dick.

it's a Cheeto bank run, get over it..

fuck offf tard

It's happening

https://twitter.com/_/status/1634783756656492544

Cheeto bank run..

I bet there's some big things happening behind the scenes. Joe Public can't do a thing over the weekend but the big players are placing shorts and pulling their long positions

Call it cheeto but you'll still get fucked.

[link to adamtooze.substack.com (secure)]

"The Fed hiked rates, bonds suffered their worst year in history. Why? Because bond prices go down as prevailing interest rates go up. At a rough guess SVB suffered at least a $1bn loss on its books every time interest rates went up by 25 basis points and the Fed has hiked by 450"


that's an $18 billion loss.

"Unrealized Losses on Securities Increased: Unrealized losses on securities totaled $689.9 billion in the third quarter"

there's almost $700 billion of losses in other banks.

here it comes.

Schiff might actually be right for once.

the only thing scarier would be Cramer to agree with him.

.

welcome to FedGov, 2023.