Huge bank losses in the markets

[Anderson]

Turmoil at Silicon Valley Bank triggers market panic: Four biggest US banks lose staggering $52 BILLION in valuation and Dow drops 540 points​

• S&P 500 bank index fell more than 6% on Thursday in sharpest drop in two years
• Investors fled the financial industry following turmoil at SVB Financial Group
• Markets dropped more broadly as well with the Dow losing 540 points

Turmoil at Silicon Valley Bank triggers market panic

The S&P 500 bank index tumbled more than 6% in its biggest one-day drop in over two years, after SVB Financial Group announced a massive equity raise to cover a $1.8 billion loss.

www.dailymail.co.uk

View: https://twitter.com/StockSenseFrank/status/1634017793711435776?s=20



View: https://twitter.com/SullyCNBC/status/1633892528226172928?s=20


they have to destroy this system to implement their agenda 2030 system, no bailout this time. at least in that sense. a total reset.

 

[willow]

Turmoil at Silicon Valley Bank triggers market panic: Four biggest US banks lose staggering $52 BILLION in valuation and Dow drops 540 points​

• S&P 500 bank index fell more than 6% on Thursday in sharpest drop in two years
• Investors fled the financial industry following turmoil at SVB Financial Group
• Markets dropped more broadly as well with the Dow losing 540 points

Turmoil at Silicon Valley Bank triggers market panic

The S&P 500 bank index tumbled more than 6% in its biggest one-day drop in over two years, after SVB Financial Group announced a massive equity raise to cover a $1.8 billion loss.

www.dailymail.co.uk

View: https://twitter.com/StockSenseFrank/status/1634017793711435776?s=20



View: https://twitter.com/SullyCNBC/status/1633892528226172928?s=20


they have to destroy this system to implement their agenda 2030 system, no bailout this time. at least in that sense. a total reset.

And no bailouts either. This time, Baby, they will bail in. Take your money and *poof* it's replaced with programmeable cbdc
The thinking is they will do this on a Friday....
If you can take your money out of the bank, quietly. There may still be enough time.

 

[Anderson]

And no bailouts either. This time, Baby, they will bail in. Take your money and *poof* it's replaced with programmeable cbdc
The thinking is they will do this on a Friday....
If you can take your money out of the bank, quietly. There may still be enough time.

maybe this time, with the loss of everything people will actually get mad?

 

[willow]

maybe this time, with the loss of everything people will actually get mad?

Doubt it in Ireland. The fluoride plus jabs plus decades of indoctrination have done their intended. But a small band of rebels still resists. What we can achieve - who knows, but I'd rather die standing than live on my knees.

 

[Mad as Fish]

'tis that b'stards Putin's fault, so it is.

 

[Declan]

Perhaps people are too brain dead to start a bank run.

 

[Declan]

Could be time to run for the hills

 

[Coal Gas and peat]

Has anyone told piss pants the 18th biggest bank in America has went down

 

[Anderson]

Has anyone told piss pants the 18th biggest bank in America has went down

He is still too busy spending billions of money the US does not have.

'Madness': Biden Requests Record $886 Billion Military Budget​

'Madness': Biden Requests Record $886 Billion Military Budget | Common Dreams

"Continuing to throw this much money at weapons, war, and defense contractor profits is unacceptable," said one critic.

www.commondreams.org

 

[Coal Gas and peat]

He is still too busy spending billions of money the US does not have.

'Madness': Biden Requests Record $886 Billion Military Budget​

'Madness': Biden Requests Record $886 Billion Military Budget | Common Dreams

"Continuing to throw this much money at weapons, war, and defense contractor profits is unacceptable," said one critic.

www.commondreams.org

c'mon man........not a joke

 

[Mad as Fish]

He is still too busy spending billions of money the US does not have.

'Madness': Biden Requests Record $886 Billion Military Budget​

'Madness': Biden Requests Record $886 Billion Military Budget | Common Dreams

"Continuing to throw this much money at weapons, war, and defense contractor profits is unacceptable," said one critic.

www.commondreams.org

Since when has not actually having the money ever stopped politicians spending it on their pet fantasies?

 

[Declan]

Has anyone told piss pants the 18th biggest bank in America has went down

I doubt it. But we do have supposed experts. I saw a headline that Powell will lower rates. Keep in mind that yesterday I saw a headline where he was to raise them bu 0.5 which would shake markets after raising just 0.25 last time.

If he lowered rates there would be total panic in my humble opinion.

Gold would rocket about $400 an ounce that day maybe.

 

[Declan]

I got bad news for you, the smartest man in Ireland took all his money out Friday morning.

 

[jpc]

Scary times folks.
Tomorrow!

 

[Declan]

Tonight, in three hours.

 

[Anderson]

Tonight, in three hours.

Predictions showing this could be far worse than 2008.

 

[willow]

How will our new arrivals cope when the moolah dries up? Hypothetical question. Lads, to be fair we have been told it was coming. And we may still be fine for a while if they extend and pretend a bit longer. Make good use of that time if we have it. At least we are facing spring not winter.

 

[Declan]

They are covering all losses.

 

[Declan]

Markets open in 10 minutes

 

[valamhic]

They are covering all losses.

It seems to me that the problem here was a run on the bank. Example. Bank had deposits of 100 Billion.

Bank bought low interest Government bonds for 100 Billion. Depositors demanded their money out but bank could
not pay because their bonds would not mature for 6 years. Bank went under. But the bond assets are still there.

Its like me, I could be worth 6 million but I could not hand out 6 million this week.