Silicon Valley Bank has collapsed. Here’s what we know.

Wash.Post/MSN ^ | 3-10-23

[nuconvert]

Regulators closed down one of Silicon Valley’s most important banks on Friday, marking the largest bank failure since the Great Recession and the second-biggest in U.S. history.

Earlier in the day, Silicon Valley Bank suspended trading of its plummeting shares and depositors rushed to withdraw their money. As one of the main institutions where start-ups deposited their venture-backed investments, SVB’s failure sent shock waves through the industry. The turmoil comes as the tech companies retrench and shed workers, while rising interest rates spark signs of broader financial distress.

[Sarah Barracuda]

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

[Sicon]

Definitely not! It is totally, obviously, clearly Putin’s fault... or Trump’s, once he starts actively campaigning again.

[Red Badger]

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

[CodeJockey]

It will be blamed on his predecessor of course.

[Skwor]

Coming from the Compost and MSN it pretty much is everything they want you to believe and nothing you actually should know about the truth.

[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. 😵🐎💩

[Mark]

I blame all Biden voters.

[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.

[CFW]

“Inverse Cramer stock just went sky-high!”

LOL! It did indeed! I think you could make a lot of money doing the exact opposite of what Cramer recommends.

[Sarah Barracuda]

This is the biggest bank failure since Washington Mutual in 2008 which I remember well I had money at that bank had to take it out..but of course Biden will just whisper “Not my fault, now let me go back to showering with my daughter in peace” and that will be it..and honestly, this is what they want, the left hates bank they want them destroyed anyway

[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?

[blackdog]

Wamu was a government arranged theft. Wells Fargo took their operations over. There was nothing Wamu was facing that wasn’t industry wide. They were just a victim of corporate raiders and politics.

[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.

[JonPreston]

I expect a 40% collapse in real-estate in tech heavy areas in the next two years

They're defaulting on their $80,000 dollar cars too.

[Theoria]

[CFW]

And there were no rumors and no warnings anywhere in the tech financial world from what I understand. No concerns by regulators. No financial reporters writing articles of concern. Nothing at all! Doesn’t that sound a bit suspect?