@Mark Lofgren I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper professional license, how did you go about touching base with your coach?
The decrease in his ownership amounted to approximately 11%. From my perspective, this action does not exude confidence, and it is possible that individuals are attributing more significance to it than is merited.
Awww....but there's certainly taxpayer loyalty regarding bailouts , right? Biden Admin. and the FDIC were quick to respond to this horse sht...they knew Peter Thiel and his MAGArats were up to something. The venture capital community basically created a run on SVB, which is why Peter Thiel needs to be investigated as he called out for a bank run on national TV.
I just watched a clip of a woman with a health care company who got a call from a big investor who told her to get her money out. Insider info. She got it all out except the FDIC-covered amount.
Uh, Liz swapped out her BNY Mellon stock for SoFi stock and is down about 60%-70%. Shannon Saccochia swapped her equity in Boston Private for SVB shares. Let's talk about how bad these trades were. Ugh. And viewers are supposed take them seriously? BTW, I actually like them on the show. Very smart and always a strong take.
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 175K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities.
Weiss is very risk averse. Risk averse investors that understand banking and have experience would say what he said. He was unlikely to be acting on insider information.
You are right. But these guys had plenty of time to raise capital through equity dilution. They saw those bonds losing value on their balance sheet and did nothing until it was too late. It's pathetic honestly.
@@WillieFungo The result is always the same once a bank says the have a problem its game over. If they had tried to raise in January the result would be the same. They had a problem because the Fed raced to put out the inflation fire that they said was not raging.
As crazy as it sounds, this might be the kind of thing the stock market needs. This will cause massively deflationary pressure which may cause the Fed to be less aggressive with future rate hikes
if they go to zero you can write off the loss. Othewise for a stockholder, probably nothing makes you whole. They do sometimes recover assets and distribute them in various ways, but actual depositors will get those as fractions of what they had that wasn't insured.
He just said someone took client money out in a cashier's check and put it in his personal account. Hello that's fraud. There is going to be a lot of money going missing from this transfers trust me.
Not so sure this is fraud. AT THIS STAGE there is no evidence of intent to misrepresent a fact, or to deceive anyone. He may have a good case that his intent was/is to save someone's bacon - and they may thank him. That said, it is a risky move.
@@Emmanuel-ne3oi Thats co-mingling customers funds right there. SBF comes to mind. You'll see a lot more of corporate fraud going forward as Feds rates go dbl. digit
@@walker2837 I just stated a fact co-mingling of customer's funds is fraud. I didn't say anyone would do anything like say sleeping at the wheel SEC or dummies at the The Consumer Financial Protection Bureau
250,000 USD is actually a small amount. It is completely absurd. I live in Tech SF and pre revenue valuations are ridiculous for something like an app subscription service.
“Yes, I am TV to explain why I started a bank run that could have catastrophic results. And I know that it sounds bad to humans, so I want to explain myself. You see, I am very greedy and selfish. Frankly, I might well be a sociopath. Now why would I say that? Well, it’s because I only care about myself and I’m fine with any amount to damage I cause to others. A lot of people don’t get that, because they have normal human emotions. Judging by that shocked expression on your face, I might not be making this clear enough. Am I making it clear enough? Let me put it another way. Someone said maybe we shouldn’t but I said GET THE MONEY. That’s what I do. I’m really a hero to all the people I care about, who are all sitting at this table right now. No not you, I didn’t say that. You have to pay attention ok? I want you to understand that I have my money. I hope I made that clear.”
SBF donated it all to Democratic Party campaign funds (mostly Dark Money), including some Republicans in the primaries who were more likely to loose against a Democrat in the general election.
Ummm.... The former CEO of Silicon Valley Bank name is Greg Becker. I seriously doubt he is jewish. Any other inaccurate antisemitic crap you are going to make-up.
Remember, people incl CEO can say ANYTHING (lies or facts or opinions or hopes) on TV or social media until in front of a judge then they take the 5th.
That is a good question, but she is an investment advisor not associated with SoFi banking operations. The same reason why you see Wells Fargo investment advisor Mike Mayo on CNBC covering the banking sector (but he doesn't comment on his own bank).
this is the difference between the average joess and pros, when they say everything is contained and A-OK, the pros know this is the unverisal language for get the fk out yesterday while the average joes pondering what the f that meant lol
oh heck yes. they're kind of the bank for choice in the startups world when investing firms are involved in them. pretty significant bank for that slice of the business world.
To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn't good enough. During a raging bull market, all other investors purchase at a premium, Investors who purchase during weak markets have three characteristics: company knowledge, conviction, and a long-term outlook. I've been quite ensured about investing in this current market and at the same timeI feel it's the best time to get started on the market, what are your thoughts?!
@dorisjudith728 Her strategy has been helping a lot of traders/newbies out there, with her program i was able to recover my losses from the crash so swiftly.
Good thing we have been aware that we always spend wisely on our national debt, so if we have a rainy day, like now, again, just add zeros to your bottom line. Oh, wait, not good, ah darn. Blame!
Anyone want to explain why this is claiming to trade at $32ish, yet it's stock is halted at 106?? I'm not in this; no exposure. However, it seems someone is trading this or was able to trade this while everyone else was unable to. Seems...and I could be wrong...that the heavy hitters are still selling; the average citizen gets f'd again.
Nah it was at 270 two days ago. And wallstreet bets likes to jump in on these bankrupt companies and run them up before bankruptcy. I.e. hertz rental car. So the company can ask the exchange to halt the stock or they can decide on their own to halt it. They say in order for the market to digest the news and not overreact if u belive that bs.
$106 was the closing price on Thursday. Check the date on the price quote. Not sure why most websites are not reporting the price when trading was halted on Friday.
What were the analysts /research desks doing? We hear a lot about data science, predicative analysis and so many models , and lot of statistical terminology . why all failed?
Love how the rich can yank all their money from a bank in seconds with a single phone call. When I changed banks a few years back I had to go in, fill out and sign paperwork, and then it was 3 days before funds were transfered to the new bank.
phone calls are like history.. in bofa its hidden but you can transfer up to a million from bofa to merrill edge account daily in the app.. since bofa owns Merrill’s edge.. hint hint.. transfer in and out instantly…absolutely do not use free accounts use premium 12.00 checking monthly fee account personnell .. merrill edge will not touch free accounts for anything.. stock trading and free account are like the president eating at your dinner table every night for free.. nope…
Get your facts straight. Greg Becker is the former CEO of Silicon Valley Bank. I seriously doubt he is jewish. Any other antisemitic propaganda you are going to make-up.
The bank lost a lot of money buying long and intermediate term Treasury bonds when interest rates shot up fast. How that happened I don't know, because most people were predicting that interest rates would go up pretty fast.
He won't the wealthy have small personal accounts and live in business expenses. So scrambling to take out the money from SVB and throw it in another new business account will insure less IRS audits.
@@dominikvonlavante6113 yeah as long as trail and timing is clear, intent will be clear and the IRS will deal with it in that light. Pragmatic actions without subterfuge are understood to be necessary at times.
It's the bonds that are underwater. That is because of the nature of our financial system, how our economy runs and with inflation prompting rates to rise, those bonds are now worth a ton less. Hence, not enough to cover outflows. 3 years ago, they'd be fine but with fighting inflation, things break and rightfully so.
The companies this bank held deposits for and lent to certainly were not doing stock buybacks at any point. Reading these comments it’s insane how financially illiterate people are. Really shows in moments like this how little people understand. You’re a democrat getting mad about buybacks some other guy is blaming Biden. How about this? You’re both clowns who don’t know what you’re talking about and this has absolutely nothing to do with the federal government
Banks don't have enough cash on hand if everyone wants to withdraw their money all at once. If they did, they would not make any profit and could not exist. They loan out their cash received from depositors to other people to buy cars, homes, and to run businesses (and also buy bonds issued by the US Government and corporations) to earn interest on the money deposited in the bank. But it takes time to liquidate all those assets if everyone wants to withdraw their money from the bank at once. Stock buybacks are not an issue here.
Liz Young has zero credibility as CIO of SOFI, she has a fake title and does zero to create real revenue or profits for SOFI. By the way, where's Shanon Saccocia, a frequent half time contributor that also is the CIO for SVB. Another failure! Retail investors be warned, do not take advice from these New York money managers.
The CEO of SVB divested his stocks couple of weeks ago, indicating that he had knowledge that the situation could not be contained.
I currently have a position in TENX, which has a low float. As a result, short sellers who have profited from this stock may experience losses.
@Mark Lofgren I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper professional license, how did you go about touching base with your coach?
Researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals and scheduled a call.
The decrease in his ownership amounted to approximately 11%. From my perspective, this action does not exude confidence, and it is possible that individuals are attributing more significance to it than is merited.
The CEO of SVB sold his stocks 2 weeks ago before this happened, he knew it couldn't be contained.
Facts!!!
What were the impacted markets hit by the bank ?
Anyone who loses money should go after the CEO to sue him and get some money back.
If those were not prescheduled trades Id guess he’s be looking at insider trading charges
If that’s the case and those weren’t a prescheduled sale, he will certainly be facing and would be convicted of insider trading
There's NO Loyalty when it comes to losing that "GREEN". Steve said: I don't think you heard me!! Go get my money out!!!
Not only will SVB remember that. Other banks will too
@@davidgillman4248 nobody cares what you have to say
Awww....but there's certainly taxpayer loyalty regarding bailouts , right? Biden Admin. and the FDIC were quick to respond to this horse sht...they knew Peter Thiel and his MAGArats were up to something. The venture capital community basically created a run on SVB, which is why Peter Thiel needs to be investigated as he called out for a bank run on national TV.
@@JuanGarcia-ru9on no one cares what you say too mate! LOL
😂😂😂 (( One month ago, Jim Cramer urged investors to buy Silicon Valley Bank stock,”
I’m surprised he still has a tv show.
Is this the same Jim Cramer that pumped-and-fawned all over Elizabeth Holmes and Theranos?
I'm convinced Jim Cramer is the Joe Biden of investors.
Do the polar opposite of what that tool tells you to do and you’ll be just fine.
This bank was literally asking me for money yesterday
I can't wait for the Netflix, American Greed, HBO specials on this..
I just watched a clip of a woman with a health care company who got a call from a big investor who told her to get her money out. Insider info. She got it all out except the FDIC-covered amount.
Notice how he stopped her at the end ? 🤔
Uh, Liz swapped out her BNY Mellon stock for SoFi stock and is down about 60%-70%. Shannon Saccochia swapped her equity in Boston Private for SVB shares. Let's talk about how bad these trades were. Ugh. And viewers are supposed take them seriously? BTW, I actually like them on the show. Very smart and always a strong take.
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 175K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities.
@Rose Allen Hi , please who is the expert assisting you and how do I reach out to them?
@Rose Allen Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing.
Buy a total market ETF like VTI instead of trying to figure out the winners and losers. Index funds are the solution.
@Rose Allen this sounds like scam thread
i smell a scam
CEO of SVB sold his stock two weeks ago then bought puts and made 2 mill in 2 minutes
should go to jail
Senior staff member Cramer said it's rated a Strong Buy for individuals on fixed incomes. Does this qualify as Elder abuse?
Don't ask.
@@markfcoble not if they are low IQ and greedy. Bad combination, but that's Cramer's audience.
Had a great short position in SVB - Several other banks in same position - Rate Hikes causing opportunity for us sharks -
“Move along nothing to see here “ 🤣🤣
Sure he got a heads up before the retail suckers. What a hero
A list of politician's w/ accounts that this bank would be interesting.
Gotta wonder if they ask the bank if they would "pledge" to keep them whole ?
Cry more
Another one that got the story before us and made his money calling for a bank run. This would not have happened otherwise!
Weiss is very risk averse. Risk averse investors that understand banking and have experience would say what he said. He was unlikely to be acting on insider information.
Oh that Jim Cramer! And to think that some still follow his advice!
JP Morgan has unrealized losses on their balance sheet of ??? 47b
Nice!
Pull out your money and hold cash!!!!
This is exactly how a vibrant and sound economy works. 40 year old banks collapsing because they held bonds and MBS. The Fed is doing a heck of a job.
You are right. But these guys had plenty of time to raise capital through equity dilution. They saw those bonds losing value on their balance sheet and did nothing until it was too late. It's pathetic honestly.
way to blame the fed for C-suite mismanagement. Fed done a lot of things terribly, managing a banks capital is not one of them.
@@WillieFungo The result is always the same once a bank says the have a problem its game over. If they had tried to raise in January the result would be the same. They had a problem because the Fed raced to put out the inflation fire that they said was not raging.
As crazy as it sounds, this might be the kind of thing the stock market needs. This will cause massively deflationary pressure which may cause the Fed to be less aggressive with future rate hikes
That's exactly what I am hoping for.
@@Whooshtaright on brotha
Yeah you're not wrong admittedly...
People kept saying this is different than 2008 👌
Small picture perception that's why.
So he started the bank run. Smart move
We need better bank reform. Bank runs are still possible and that's just bad.
That’s it, i’m getting my money out today.
LOL you are not hearing me: Get the money out
BREAKING NEWS: There's a run on THE banks, but it's not your bank...
Bonus day today at SVB too
Wow this is big.
Here come the YT chat panic members lol
what will happen to the halted SVB stocks?
Nothing. They ceased existing.
if they go to zero you can write off the loss. Othewise for a stockholder, probably nothing makes you whole. They do sometimes recover assets and distribute them in various ways, but actual depositors will get those as fractions of what they had that wasn't insured.
Worth 0 same as the bond
It will start trading again at some point, but they will declare bankruptcy, so will probably trade for less than $1.00.
He just said someone took client money out in a cashier's check and put it in his personal account. Hello that's fraud. There is going to be a lot of money going missing from this transfers trust me.
Not so sure this is fraud. AT THIS STAGE there is no evidence of intent to misrepresent a fact, or to deceive anyone. He may have a good case that his intent was/is to save someone's bacon - and they may thank him. That said, it is a risky move.
Not fraud
@@Emmanuel-ne3oi Thats co-mingling customers funds right there. SBF comes to mind. You'll see a lot more of corporate fraud going forward as Feds rates go dbl. digit
@@walker2837 I just stated a fact co-mingling of customer's funds is fraud. I didn't say anyone would do anything like say sleeping at the wheel SEC or dummies at the The Consumer Financial Protection Bureau
@@itechfive240 sec ain't doing nothing, unless the dude is being thrown under the bus as a scapegoat
*CEO or thief??? Cash your money out people....this is just the beginning...*
How did this bank pass the stress test?
This is a huge mess!! Most of their accounts are more than 250k the lowest I have seen was 300k something.
250,000 USD is actually a small amount. It is completely absurd. I live in Tech SF and pre revenue valuations are ridiculous for something like an app subscription service.
Laundry Service...
Every body who had money in there and lost it, be sure to call Biden and the Democrats and thank them.
I’m a B of A guy. I don’t eff around w/ regional banks. The bigger the better w/banks and a few other things.
“Yes, I am TV to explain why I started a bank run that could have catastrophic results. And I know that it sounds bad to humans, so I want to explain myself. You see, I am very greedy and selfish. Frankly, I might well be a sociopath. Now why would I say that? Well, it’s because I only care about myself and I’m fine with any amount to damage I cause to others. A lot of people don’t get that, because they have normal human emotions. Judging by that shocked expression on your face, I might not be making this clear enough. Am I making it clear enough? Let me put it another way. Someone said maybe we shouldn’t but I said GET THE MONEY. That’s what I do. I’m really a hero to all the people I care about, who are all sitting at this table right now. No not you, I didn’t say that. You have to pay attention ok? I want you to understand that I have my money. I hope I made that clear.”
Lol, imaging crying do much
Why doesn't SVB get some Money from SBF ?
SBF donated it all to Democratic Party campaign funds (mostly Dark Money), including some Republicans in the primaries who were more likely to loose against a Democrat in the general election.
Re: 1:13 the upside would be not starting a cascade that would ruin the bank and maybe even the financial sector as a whole?
Here it comes
So nobody will mention these small hats are always at the center of financial chaos and injustice ?
Ummm.... The former CEO of Silicon Valley Bank name is Greg Becker. I seriously doubt he is jewish. Any other inaccurate antisemitic crap you are going to make-up.
cramer said it was a great buy
He got the Nancy pelosi call
Someone whispered in his ear about making the last point
Remember, people incl CEO can say ANYTHING (lies or facts or opinions or hopes) on TV or social media until in front of a judge then they take the 5th.
Chain reaction soon run take your money or you'll lose 😂 more banks will bust
Why is a SoFi representative reporting on another Bank collapse? Especially when SoFi has a lending facility with said bank...?
That is a good question, but she is an investment advisor not associated with SoFi banking operations. The same reason why you see Wells Fargo investment advisor Mike Mayo on CNBC covering the banking sector (but he doesn't comment on his own bank).
this is the difference between the average joess and pros, when they say everything is contained and A-OK, the pros know this is the unverisal language for get the fk out yesterday while the average joes pondering what the f that meant lol
How is this any different from ftx. They took your money and invested it into bonds and now it's not worth as much.
Never even heard of the bank..anybody?
Because is a bank for companies not for homeless like you.
Never heard of it either, but apparently it's like the 16th largest bank in the United States.
I was going to use them for startup checking. I decided otherwise.
oh heck yes. they're kind of the bank for choice in the startups world when investing firms are involved in them. pretty significant bank for that slice of the business world.
Silicon Valley Bank is only in Silicon Valley (duh). It is a state charted regional bank.
If I hold up SVB for my 500 grand is that a crime?
It's not your 500k once you put it in the bank
Nothing over insurance is promised to ever be paid back
They dumping! Yal better get your money out while you can!💯
These are all "smart" people everyday on CNBC ...
It didn't happen overnight. It's been years in the making.
To my understanding this just proves how much we need an edged as an investors because playing the market like everyone else just isn't good enough. During a raging bull market, all other investors purchase at a premium, Investors who purchase during
weak markets have three characteristics:
company knowledge, conviction, and a
long-term outlook. I've been quite ensured about investing in this current market and at the same timeI feel it's the best time to get started on the market, what are your thoughts?!
Youre right, people remain out of
ignorance
@chrisandrew3557 Who's this Expert Mrs Stacy griffin kartner, Please how does her trade work?
@dorisjudith728 Her strategy has been helping a lot of
traders/newbies out there, with her
program i was able to recover my
losses from the crash so swiftly.
She's not like other broker that will start
telling you stories and excuses why
they trade didn't go well after collecting
your money.
Lesson: If most people in your sector bank with a particular bank, go somewhere else
The irony! It’s just the beginning.
Good thing we have been aware that we always spend wisely on our national debt, so if we have a rainy day, like now, again, just add zeros to your bottom line. Oh, wait, not good, ah darn. Blame!
Anyone want to explain why this is claiming to trade at $32ish, yet it's stock is halted at 106??
I'm not in this; no exposure. However, it seems someone is trading this or was able to trade this while everyone else was unable to.
Seems...and I could be wrong...that the heavy hitters are still selling; the average citizen gets f'd again.
Nah it was at 270 two days ago. And wallstreet bets likes to jump in on these bankrupt companies and run them up before bankruptcy. I.e. hertz rental car. So the company can ask the exchange to halt the stock or they can decide on their own to halt it. They say in order for the market to digest the news and not overreact if u belive that bs.
@@candymanAM Sometimes. Doubtful on this one.
Halts aren't done by companies asking btw...lmfao.
$106 was the closing price on Thursday. Check the date on the price quote. Not sure why most websites are not reporting the price when trading was halted on Friday.
One guy bought 7500 puts yesterday and made 2 million --plan on a follow up with the SEC and this guy
SVB, FTX, SBF, FJB....
C'mon CNBC lead with Liz young not Steve Weiss, many more views.
Unrealized losses on banks books? Don't ask, keep listening to the experts. Trust the propaganda.
Give me my money!
I've seen this movie before, it will be like a great wealth transfer deja vu
Those cashiers checks won't clear.
My entire company was furloughed today
What does your company do?
Weiss has first hand experience with his career at Bear Sterns.
Mine too! I'm buying assets!
What were the analysts /research desks doing? We hear a lot about data science, predicative analysis and so many models , and lot of statistical terminology . why all failed?
Datas is a decent asset.
The small fry are the last to know.
Just the fault line the fed was looking for 🤔
He made a huge mistake. Never panic and sell. He should’ve added.
One offs sure add up.
Dont be a hero.
Just keep sending our money to the Ukraine.
If the war ever ends, the US will send another $1 trillion to Ukraine to rebuild the country.
Love how the rich can yank all their money from a bank in seconds with a single phone call. When I changed banks a few years back I had to go in, fill out and sign paperwork, and then it was 3 days before funds were transfered to the new bank.
phone calls are like history.. in bofa its hidden but you can transfer up to a million from bofa to merrill edge account daily in the app.. since bofa owns Merrill’s edge.. hint hint.. transfer in and out instantly…absolutely do not use free accounts use premium 12.00 checking monthly fee account personnell .. merrill edge will not touch free accounts for anything.. stock trading and free account are like the president eating at your dinner table every night for free.. nope…
Is this it? I hope so.
I’m so damn scared right now the end of the world. Omg
Yeaaah close em down that bank gave out money to hedge funds shorting good stocks!! LOAD UP ON TENX!!!
Cheap money supply gone
Gone gone gone
Tiny hats 🕎✡️🇺🇦🏳️🌈
Get your facts straight. Greg Becker is the former CEO of Silicon Valley Bank. I seriously doubt he is jewish. Any other antisemitic propaganda you are going to make-up.
Drama!
Where's Jim BUY BUY BUY Cramer???
get the money out to where?
Bail In's are coming.. Get your cash out now.
What happened
The bank lost a lot of money buying long and intermediate term Treasury bonds when interest rates shot up fast. How that happened I don't know, because most people were predicting that interest rates would go up pretty fast.
Judge appears clueless.
Is China laughing?
The Simpson show predicted this
This will spread. This will get worse. Liquidate your portfolio and hunker down.
Get your money out of banks JPMorgan Wells Fargo! BOFA
lol
bro, its secured up to 250K
Lmao
The FDIC insured creditors of this bank just got an IOU from the government. They never got there money
@@artmaknev3738 per investor, per account at a bank... and who has only 250K that' in this kind of bank anyway ? No one.
Svb ceo to jail
Hope he doesn’t get audited the irs will have field day with anything deposited in personal account
He won't the wealthy have small personal accounts and live in business expenses. So scrambling to take out the money from SVB and throw it in another new business account will insure less IRS audits.
@@WeylandLabs you are a product of the corporate media. You have never dealt with an audit.
It's okay. He can clearly show the trail of custody of the money.
@@dominikvonlavante6113 yeah as long as trail and timing is clear, intent will be clear and the IRS will deal with it in that light. Pragmatic actions without subterfuge are understood to be necessary at times.
@@dominikvonlavante6113 you clearly have not been audited by the IRS 🤣🤣
This is why GOLD and SILVER are king
stfu lmao. bullets are the only currency.
😂 If bullion is “king”, BTC must’ve reached deification by now.
NO WORRIES. Janet Yellen just assured us the coming financial collapse will be transitory.
Maybe if companies didn’t do stock buybacks... they wouldn’t need to worry about running out of cash.
It's the bonds that are underwater. That is because of the nature of our financial system, how our economy runs and with inflation prompting rates to rise, those bonds are now worth a ton less. Hence, not enough to cover outflows. 3 years ago, they'd be fine but with fighting inflation, things break and rightfully so.
The companies this bank held deposits for and lent to certainly were not doing stock buybacks at any point. Reading these comments it’s insane how financially illiterate people are. Really shows in moments like this how little people understand. You’re a democrat getting mad about buybacks some other guy is blaming Biden. How about this? You’re both clowns who don’t know what you’re talking about and this has absolutely nothing to do with the federal government
Banks don't have enough cash on hand if everyone wants to withdraw their money all at once. If they did, they would not make any profit and could not exist. They loan out their cash received from depositors to other people to buy cars, homes, and to run businesses (and also buy bonds issued by the US Government and corporations) to earn interest on the money deposited in the bank. But it takes time to liquidate all those assets if everyone wants to withdraw their money from the bank at once. Stock buybacks are not an issue here.
@@crescentprincekronos2518 They bought Treasury bonds with a maturity too far out in the future and got killed when rates went up.
That’s not what happened at all, educate yourself
ftx spf is to blame lol....pay him a bonus + ceo if svb, lets go!!! maga2024
Liz Young has zero credibility as CIO of SOFI, she has a fake title and does zero to create real revenue or profits for SOFI. By the way, where's Shanon Saccocia, a frequent half time contributor that also is the CIO for SVB. Another failure! Retail investors be warned, do not take advice from these New York money managers.
Get the money out. 💯 listen to Steve Weiss.
no dont believe the lies its safe,
Biden, Kamala, pelosi all told me how strong the economy is
You are the problem
@@EyeinteeJay totally
That logic checks out
🤮
Their days are numbered
@@angelinashen7813 everyone’s days are numbered
Where is Cramer the clown?