General > General Technical Chat
Silicon Valley Bank Collapses
SiliconWizard:
More band-aid. ;D
coppice:
--- Quote from: SiliconWizard on March 13, 2023, 01:31:50 am ---More band-aid. ;D
--- End quote ---
Cue Bob Geldof.......
"I don't like Mondays....."
EEVblog:
--- Quote from: bdunham7 on March 13, 2023, 01:13:17 am ---I don't know that they will since it takes a fair amount of work to switch banks if you are a medium-ish or larger company. The shortfalls in general are going to be covered for a little while by the new program that will loan money to banks against their securities at par value, not market value. IOW, the shortfall will come from a loan for more than the collateral is presently worth.
--- End quote ---
Yes, if they do marked to market they are going to come up hugely short, to the tune of 10's of billions.
coppice:
--- Quote from: EEVblog on March 13, 2023, 01:38:08 am ---
--- Quote from: bdunham7 on March 13, 2023, 01:13:17 am ---I don't know that they will since it takes a fair amount of work to switch banks if you are a medium-ish or larger company. The shortfalls in general are going to be covered for a little while by the new program that will loan money to banks against their securities at par value, not market value. IOW, the shortfall will come from a loan for more than the collateral is presently worth.
--- End quote ---
Yes, if they do marked to market they are going to come up hugely short, to the tune of 10's of billions.
--- End quote ---
Only 10's? That's loose change to these people.
VK3DRB:
SVP is just the start. It is different this time... the Russian war, the Chinese COVID virus and this which is the most alarming... https://www.usdebtclock.org/
The virus can "controlled" and the Russians will be defeated. But who is going to pay back this spectacular amount of debt? Your retirement funds, savings and assets will, as per the bank and real estate crashes of 1893 and the stock market crash of 1929.
Its coming very soon.
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