LightingLeader profile picture
LightingLeader profile picture

LightingLeader

Specification Sales

Politicker
Valued Contributor
Opinionated
+3

Graph go down

holy shit the blood is in the water, huh?

3 banks down in 4 days. emergency Cramer show tonight. emergency Biden press conference tomorrow. FED says other banks have similar issues to SVB. First Republic may be next. Wells Fargo May have scared customers with their direct deposit issue, we'll see how many pull out funds tomorrow.

I think the hedge fund managers are gonna start shorting banks and fucking venture capital. but what do I know.

Glad I'm so broke I don't have to worry about it.
๐Ÿ’ต Finance
๐Ÿฑ Off-Topic
โ˜๏ธ Software Tech
8

12 comments

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Maximas
Tycoon
3
Senior Sales Executive
Same here, broke too:)

But don't worry many Fiscal crises like these the US has been through but eventually it went out of em better and stronger!๐Ÿ’ชโœŒ๏ธ
LightingLeader
Politicker
0
Specification Sales
Yeah but then certain politicians deregulate and we go back to square 1
Maximas
Tycoon
2
Senior Sales Executive
Unfortunately!
Pachacuti
Politicker
2
They call me Daddy, Sales Daddy
Its a very fragile system unfortunately but I think in the end things will work themselves out.
Kosta_Konfucius
Politicker
2
Sales Rep
Jesus and I assumed all banks were making a killing with the interest rates
TennisandSales
Politicker
1
Head Of Sales
fuck. this is so insane. i cant believe im seeing this happen.
LightingLeader
Politicker
4
Specification Sales
Yeah, itโ€™s wild. Did you see Michael Burryโ€™s post? Also, like we have averaged 5 banks closures a year the last ten years. We just saw 3 in 4 days.
Maximas
Tycoon
2
Senior Sales Executive
That's a so right to the point post by Mike!
TennisandSales
Politicker
1
Head Of Sales
fucking crazy. i have not seen his post. i have not kept up with the latest, i didnt know 3 more have gone down.

but as ive tried to learn more about SVB, it does sound like they made some investment choices that were NOT super smart. but yes, it does seem to come from hubris and greed.
GDO
Politicker
2
BDM
yup fightinh inflation while saving banks. sounds painfull for central banks
punishedlad
Tycoon
1
Business Development Team Lead
Curious how much this is going to affect VC funding going forward... are we going to see a stall on funding for the most part?
LightingLeader
Politicker
0
Specification Sales
I think it largely depends on how much they have to bail out their companies

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