Silicon Valley Bank tanks, venture capitalists pushing Fed to have another bank take over

[Master-Debater131]

https://news.gallup.com/poll/505439/half-worry-money-safety-banks.aspx

About Half in U.S. Worry About Their Money's Safety in Banks

WASHINGTON, D.C. -- Amid turbulence in the U.S. banking system, nearly half of Americans are anxious about the safety of the money they have in accounts at banks or other financial institutions. A total of 48% of U.S. adults say they are concerned about their money, including 19% who are “very” and 29% who are “moderately” worried. At the same time, 30% are “not too worried” and 20% are “not worried at all.”

 

 

We really are speed running the 20s arent we? Despots rising around the world, economic troubles, and now maybe runs on the bank? Buckle up everyone, this isnt over yet!

[Master-Debater131]

 

[Jman]

That raised interest rate made everyone lose their shit.  Hyper-stagflation or banks crying.  Pick one,

[Master-Debater131]

The press conference by the Fed yesterday also helped build more doubt into the system. Whole lot of stuff he said can be taken to say "Yea, were going to run this economy into the ground to get inflation under control".

[Icarus27k]

13 hours ago, Master-Debater131 said:

 

This is different from what happened at Silicon Valley Bank. This is investors selling shares in the companies, not depositors rushing to take their money out of the bank. These banks are all also much smaller than Silicon Valley Bank with fewer assets. 

Could falling stock prices lead to depositors withdrawing their money? Good question. But even if it does, it's a different series of events. 

Also, this reeks of traders short selling stocks (selling stock with the intention of buying it again at a cheaper price). 

[Top Gun]

I like how the local family-owned bank chain I use has sent out numerous emails saying "Don't panic, we're not these guys, we don't do dumb shit with your money."