SVB

[Vee]

So, Silicon Valley Bank went bust. Will it be the only one? I have my doubts.
I believe the bigger banks will be very happy with the opportunity to buy the good assets of the banks that are going bankrupt for next to nothing, while the bad assets will once again be someone else's (a.k.a. all of us) problem. Business as usual.
I feel so sorry for the people who had their money in those banks, the employees that just lost their jobs and the stock holders that just saw their investment go up in smoke.
Any thoughts?

 

[ChristineM]

So, Silicon Valley Bank went bust. Will it be the only one? I have my doubts.
I believe the bigger banks will be very happy with the opportunity to buy the good assets of the banks that are going bankrupt for next to nothing, while the bad assets will once again be someone else's (a.k.a. all of us) problem. Business as usual.
I feel so sorry for the people who had their money in those banks, the employees that just lost their jobs and the stock holders that just saw their investment go up in smoke.
Any thoughts?

I understand that HSBC bought the British branch of SVB for £1.00 in rushed talkies on Friday evening.

 

[Twilight Hue]

So, Silicon Valley Bank went bust. Will it be the only one? I have my doubts.
I believe the bigger banks will be very happy with the opportunity to buy the good assets of the banks that are going bankrupt for next to nothing, while the bad assets will once again be someone else's (a.k.a. all of us) problem. Business as usual.
I feel so sorry for the people who had their money in those banks, the employees that just lost their jobs and the stock holders that just saw their investment go up in smoke.
Any thoughts?

Not the first.

Won't be the last.

 

[metis]

So, Silicon Valley Bank went bust. Will it be the only one? I have my doubts.
I believe the bigger banks will be very happy with the opportunity to buy the good assets of the banks that are going bankrupt for next to nothing, while the bad assets will once again be someone else's (a.k.a. all of us) problem. Business as usual.
I feel so sorry for the people who had their money in those banks, the employees that just lost their jobs and the stock holders that just saw their investment go up in smoke.
Any thoughts?

Trump and the Pubs, with some Dem votes as well, decided to go back to the pre-2008 rules because of their "god", which is $.

"Those who don't learn from history, ...".

 

[pearl]

Senator Warren, 'I told you so'.