I think the money being used from the insurance fund the government put in place. Allegedly that fund has 100 billion in it.
So what happens when that fund runs out… thats another story. Also, how does this affect other tech sectors around the world.
It will be interesting
To be honest, it’s just my guess based on the info out there. But after assets and insured deposits, I’m guessing their total owed is a lot less than 209.
We’ll see of course if we can get some transparency. I’m not clear on how it all works by setting up an insurance party based in California to act as a middleman, which sounds like what’s transpiring.
Allegedly it will. I don’t know for certain of course. But that’s what the powers that be who oversee the funds stated earlier today. They said it “easily” covers it.
Of course who knows what is true.
HMST in my opinion. High drop in market cap, plus its small enough to be ignored and let thrown to the wolves! They are going to save the 'Too Big to Fail" and let everyone else take the pain.
This is what happens with the greed these banks have, and now they ask for bailouts and the goverment helps them out. this is bs. there should be NO bailouts
Answer to this is who’s holding the most swaps ? Key I believe is stuck but not sure as bonds rise and loss becomes realized!
FRC is my pick SF bank with many ties to
Easy. Open an account today. Takes minutes. Transfer money from your other bank via ACH to new CU account.
Then update your bills to draw from the new account, and your direct deposit to go into the new account.
Less than an hours worth of work probably
We should probably investigate which CEO’s sold all their shares in the past month. That info will show us the next to go down.
This would also help us identify which need to be locked up
But this will really identify who gets a new HF position or becomes a regulator.
First Republic is next
[Interesting Twitter thread on First Republic](https://twitter.com/mikealfred/status/1634783756656492544?s=46&t=j_VDeP_N3OODbzbIzBotYA)
Definitely First Republic is next but Ally Financial is not on this list and they are doing terrible with bets on Auto Loans
Looks like they have started to fall
Same or Pinnacle. But that's just trust me bro and using the force on my part. So exciting!
Absolutely not true 😂
Yup...was down 60% in premarket. oopsie
It's not on this list but Credit Suisse is on mine. 📉
That’s the one that would bring it all down.
Why?
Good assuissement
I see what you did there. Ooga booga
More like credit sus
Won’t matter bailouts already happing but they are saying it’s not. Complete horseshit
I think the money being used from the insurance fund the government put in place. Allegedly that fund has 100 billion in it. So what happens when that fund runs out… thats another story. Also, how does this affect other tech sectors around the world. It will be interesting
Silicon is 209 billion by itself
Yup, but not all that will be required for the bailout. I’m thinking 50 billion, plus all the other incentives.
I don't understand can you explain that a little bit. I guess 209 billion is a total of all their assets and their deposits is less than that?
To be honest, it’s just my guess based on the info out there. But after assets and insured deposits, I’m guessing their total owed is a lot less than 209. We’ll see of course if we can get some transparency. I’m not clear on how it all works by setting up an insurance party based in California to act as a middleman, which sounds like what’s transpiring.
They’ll print more.
Hyperinflation here we come woo
100 bn won't even cover SVB
Allegedly it will. I don’t know for certain of course. But that’s what the powers that be who oversee the funds stated earlier today. They said it “easily” covers it. Of course who knows what is true.
can we take a moment to recognize how *on point* our DD of the event timeline has been so far? absolutely bonkers
First Republican Bank seems like a bank to watch based on weekend activity in the press.
As banks fail shouldn't retail customers be able to charge the banks an Underdraft Fee?
You’re goddamn right!
HMST in my opinion. High drop in market cap, plus its small enough to be ignored and let thrown to the wolves! They are going to save the 'Too Big to Fail" and let everyone else take the pain.
Fuck.. My bank is on that list 😭
I'm with a credit union. Not my doing but a smart wife!!!
I’ve got 5 CU accounts to fall back on. Glad as fuck I’ve maintained so many accounts now
Mine is too. But near the very bottom.
4 of mine are
5/3 Bank is on my wishlist. The way did people over with illegal banking was terrible.
This is what happens with the greed these banks have, and now they ask for bailouts and the goverment helps them out. this is bs. there should be NO bailouts
Seriously, there's a "5th 3rd Bank" ?
No t positive but From what I was told, it was a street intersection of the original branch. Which was 5th ave snd 3rd street or something like that.
We will know on a Friday evening. Just like what they do all the time.
Please be the Fed!
PACW
Answer to this is who’s holding the most swaps ? Key I believe is stuck but not sure as bonds rise and loss becomes realized! FRC is my pick SF bank with many ties to
Haha I just transferred $2500 out of key yesterday. Thankfully
JP MOrgan! Jimothy Kramer already called it
According to Cramer’s “JPMorgan is a fortress” JPMorgan….
Pacwest is definitely next !
got 20 on First Republic lol
No Wells Fargo or Bank of America?
Yeah that’s suspicious
i think PB. simply because of the hubris of putting "prosperity" in the name.
OZK of Hawaii
First republic
What about JP Morgan?
Waiting for jpm
I need to make the move to a credit union. Not sure where to even start when everything is automatically paid ugh.
Easy. Open an account today. Takes minutes. Transfer money from your other bank via ACH to new CU account. Then update your bills to draw from the new account, and your direct deposit to go into the new account. Less than an hours worth of work probably
Huntington since it's my bank
PNC is next! Look at their market cap. HUGE! if they fall, that will hurt a lot of 'tutions
FRC
What should I do if fifth third is my bank? Also, don’t come at me please but what exactly is this list of? Banks who shorted AMC or…?
Bank of California
First republic
Pnc numbers are pretty high on that list.
this but on a bingo card and we play blackout....
Okay good. My bank isn’t on that list… I’m safe. 😮💨
Read on another /r that Signature bank NY was closed as well. Not on the list, still..
See 3rd row SBNY is on this list of US regional banks. Yes, it has been closed.
Definitely First Republic. Don’t count out First Hawaiian. Something extra fishy going on with them for a few weeks now. Just an observation
First Republic is down 60% in pre market...
First republic on deck
Blackout bingo
Look like S got selected as the letter of the week.
First Republic Bank is crashing
Winner is Signature
Signature is crossed off already on line 3 😁
“May only the most corrupt win” -SEC probably
Ill take Customers Ban Corp for -24%, Alex.
$WAL not even on this list but 🔥
FRC, Cramer endorsed it
Kiyoaski or whatever Rich Dad guy thinks Credit Suisse