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Wildcat Will

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@DBP66 

New York Department of Financial services takes possession of Signature Bank

https://www.fdic.gov/news/press-releases/2023/pr23018.html

 

now the second and 3rd largest bank failures in history this week alone...

Signature bank is the 33rd largest US bank...

 
 
 
Some of the companies banking with SVB: Airbnb Coinbase DoorDash Dropbox Eventbrite Fitbit HubSpot LinkedIn MongoDB Robinhood SpaceX Tesla Uber Zillow 23andMe Atlassian BoX DocuSign Etsy Evernote Groupon Hulu Indeed Intuit Kickstarter Peloton
 
 
 
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On 3/10/2023 at 2:03 PM, Troll said:

quick question.

if the economy is doing so well...

then how come we have "bank runs"

and hundred billion dollar banks collapsing?

 

PS: see Cali's Silicon Vally Bank today...

https://www.nytimes.com/2023/03/10/business/silicon-valley-bank-stock.html

 

BTW: those who had a lot of money in there...are SOL.

 

How is the US economy doing? US GDP increased 2.1% in 2022 after increasing 5.9% in 2021. Year-over-year inflation, the rate at which consumer prices increase, was 6.5% in December 2022.

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8 hours ago, Wildcat Will said:

How is the US economy doing? US GDP increased 2.1% in 2022 after increasing 5.9% in 2021. Year-over-year inflation, the rate at which consumer prices increase, was 6.5% in December 2022.

stats don't stop bank runs...

bank failures,

or you losing yer money...

hope this helps. 👍

  • Haha 1
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21 minutes ago, golfaddict1 said:

LOLOL

you must think

a "receivership certificate"

will somehow work

for you to buy food...🤡

 

PS: You still listening to yer boy Cramer ?

SVB buy buy buy 

(translation SVB bye bye...)

🤡

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On 3/3/2023 at 11:41 AM, Wildcat Will said:

 Are things headed in the right direction?

" If you want a dramatic one-word answer, the answer is yes,”

 

 
Just got off of a zoom meeting with Fed, Treasury, FDIC, House, and Senate. A Democrat Senator essentially asked whether there was a program in place to censor information on social media that could lead to a run on the banks.
 
 
 
 
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And what was the response? 🤔
 
 
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Replying to
“We will get back to you on that.”
 
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— I’d like to write an article about this. Any chance you have the video from that call?
 
 
 
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No, I didn’t record it. I work with 534 other people and some discretion is required.
 
 
 
 
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I’m as anti-censorship as it gets, but spreading unfounded rumors to promote a run on a bank is one of the VERY few instances where the “yelling fire in a crowded theater” analogy actually DOES apply.
 
 
What about yelling fire in a theater that’s on fire?
 
 
 
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That is a good answer and logic.
 
 
 
 
 
 
PS: I'm not "suggesting, promoting, or condoning" anyone to "run to your bank"...
...simply taking note of the occurrence. 
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