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The Demise of Silicon Valley Bank- The Rapid Collapse of the 16th Largest Bank in America (well-documented and accurate explanation)
NetInterest ^ | March 10, 2023 | Marc Rubenstein

Posted on 03/12/2023 4:36:51 PM PDT by DoodleBob

click here to read article


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To: Toddsterpatriot

You are quoting OLD news.
Latest thing I heard on TV news is every dollar deposited in SVB will be available to withdraw, even if it is millions.


21 posted on 03/12/2023 8:28:29 PM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: entropy12

Coming out of taxpayers wallets


22 posted on 03/12/2023 8:34:48 PM PDT by Nifster ( I see puppy dogs in the clouds )
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To: entropy12
Latest thing I heard on TV news is every dollar deposited in SVB will be available to withdraw, even if it is millions.

Yes, every single dollar. Still doesn't mean "paid by the taxpayers"

23 posted on 03/12/2023 8:43:05 PM PDT by Toddsterpatriot (TANSTAAFL)
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To: Toddsterpatriot

Where does the government get money? Do they make any product and sell it for profit? The government has 2 sources of cash. Tax revenue and printing bonds. At he end of day that ugly 32 Trilliion debt is on shoulders of tax payers.


24 posted on 03/12/2023 9:11:17 PM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: entropy12
The FDIC has about $125 billion in reserves. The Fed can give short term loans. If people see that the bank is not going to collapse and default on their deposits, there is no need for a run on the bank.

No run, no need for a fire-sale of assets.

25 posted on 03/12/2023 9:15:59 PM PDT by Toddsterpatriot (TANSTAAFL)
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To: Toddsterpatriot

It does not matter how the federals juggle the source of money.
The taxpayers bear the ultimate burden of government liabilities.


26 posted on 03/12/2023 9:20:28 PM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: entropy12
The government isn't taking over their liabilities.

The FDIC will look for a buyer. If the assets don't cover the liabilities, the FDIC will kick in what is needed to close the deal.

27 posted on 03/12/2023 9:28:39 PM PDT by Toddsterpatriot (TANSTAAFL)
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To: bankwalker

Why read articles which are out of date the moment they are written?

On-line live news is more up-to-date.

https://www.cnbc.com/2023/03/12/regulators-unveil-plan-to-stem-damage-from-svb-collapse.html


28 posted on 03/12/2023 9:29:51 PM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: entropy12; Toddsterpatriot

Your article was six hours old as of the time of your posting.

Other sources have said the Feds would charge a special fee from ALL BANKS to help pay for this.

Not taxpayer money.

And, presumably, not credit unions, either.


29 posted on 03/13/2023 12:29:53 AM PDT by grey_whiskers ( The opinions are solely those of the author and are subject to change without notice.)
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To: grey_whiskers; entropy12; Toddsterpatriot

https://www.cnbc.com/2023/03/13/hsbc-buys-silicon-valley-bank-uk-protecting-deposits-.html


30 posted on 03/13/2023 12:45:48 AM PDT by grey_whiskers ( The opinions are solely those of the author and are subject to change without notice.)
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To: wjcsux
We successfully survived the past umpteen forecast system collapses.

This will be no different.

31 posted on 03/13/2023 4:17:09 AM PDT by DoodleBob ( Gravity’s waiting period is about 9.8 m/s²)
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To: Toddsterpatriot

It will ALL be “paid by the taxpayer” in one form or another.


32 posted on 03/13/2023 5:52:41 AM PDT by ShadowAce (Linux - The Ultimate Windows Service Pack )
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To: ShadowAce

Private Profits, Socialize Losses.


33 posted on 03/13/2023 5:54:16 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

SVB shareholders are enjoying their profits as we speak.


34 posted on 03/13/2023 6:15:33 AM PDT by Toddsterpatriot (TANSTAAFL)
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To: grey_whiskers

Haha all banks pay FDIC for insurance.
The customers of bank pay that indirectly with reduced interest. That would be all of us tax payers.

No government has money tree.
All government debt is liability of taxpayers at the end of food chain.


35 posted on 03/13/2023 6:23:48 AM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: ShadowAce

that article says:
The Treasury Department is providing up to $25 billion from its Exchange Stabilization Fund as a backstop for any potential losses from the funding program. A senior Fed official said the Treasury program likely won’t be needed and will exist only as a safeguard.

So the Administration is putting up our dollars to pay for this bail out. Even if the cost is further spread by Banks being charged a fee or special tax, that also is passed to consumers.

The fake discount rate we have had for 15 years devaluing our economy has cost us and will cost us a lot. But the economy is GREAT and our governments are GREAT.


36 posted on 03/13/2023 6:28:15 AM PDT by KC Burke (Once the architecture for suppression of liberty is in place it is only a matter of time before gove)
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To: Toddsterpatriot

Where does FDIC get money?
It is always tax payers receiving reduced dividends to pay FDIC insurance.


37 posted on 03/13/2023 6:30:42 AM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: entropy12

From the insurance premiums they charge all Federal banks to insure their deposits.


38 posted on 03/13/2023 6:41:55 AM PDT by Captain Peter Blood
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To: entropy12
The customers of bank pay that indirectly with reduced interest. That would be all of us tax payers.

So if the FDIC drops the insurance premiums to the banks they’re really giving money back to us taxpayers. Right?

39 posted on 03/13/2023 7:03:42 AM PDT by semimojo
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To: semimojo

Yes! In the form of higher CD rates and higher yield on savings.
The banks will have more money available to do this. It does not mean every bank will give you higher yields, but at least they will have additional funds to do it if they want to attract more savers.


40 posted on 03/13/2023 8:11:35 AM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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