Great podcast of SVB Bank failure. Put in lamens terms

[brendanjack]

Starts about 9 min inhttps://www.aier.org/article/words-numbers-peter-c-earle-on-the-death-of-silicon-valley-bank/

 

[Ricboff]

very good point at 28-29 min mark by the interviewer, ha!

banks r highly leveraged animals . The perfect storm : non-diverisified depositors + nutty management (overdosed on long term US treasuries ) +a drop in regulation/oversight. KAPUT

the ratio of securities to assets (subject to market risk) : for comparison,
JPM- 23%
Cdn banks - all 20-25%
Singapore's major banks: 14%
DBS (Hong Kong) : 18 %

SVB; 56% LOL, and went heavy on long tern US Treasuries

why did the US de-regulate regional banks in 2018?

 

[Ricboff]

'Billionaire Peter Thiel withdrew MILLIONS from Sillicon Valley Bank before it fell SVB sold $4.4 million in stock right before it fell .They gave huge bonuses to execs HOURS before they begged Americans for a bailout'

copy /pasting form another board, didnt vett............if true, what kind of people do that? seriously? that's stealing

 

[brendanjack]

'Billionaire Peter Thiel withdrew MILLIONS from Sillicon Valley Bank before it fell SVB sold $4.4 million in stock right before it fell .They gave huge bonuses to execs HOURS before they begged Americans for a bailout'

copy /pasting form another board, didnt vett............if true, what kind of people do that? seriously? that's stealing

Totally criminal it’s a joke .

 

[Ricboff]

'It says I owe $179,000': Options traders hit with massive margin calls as winning bets against failing banks are left in limbo for weeks

Thousands of retail option traders who made prescient bets against shares of Signature Bank and Silicon Valley Financial Group, the parent company of Silicon...

www.marketwatch.com