The second largest bank failure in American History?…C’mon man, no joke.

[The_Duck_Master]

I’m the past 2 years I’ve been in and out of Bitcoin, Ethereum and Shibu. Scalping 10% - 15% moves. But I mostly trade stocks and options. There isn’t a way to increase you probability of profit with crypto.

I would think the volatility would be beneficial for an option trader?

 

[API]

There isn’t a way to increase you probability of profit with crypto.

At least at a card table after a couple of hands one can usually spot the chump while in crypto dang near everyone is a chump.

 

[Lip Shooter]

In California? In Silicon Valley? The GOP has an influence on the decisions of SVB?

ROTFLMAO!

Since the GOP apparently can’t legislate any to stop banks from doing this, what will the Dems do?

Paying out those big bonuses did this to the bank, me don’t understand

 

[pintail2222]

Since the GOP apparently can’t legislate any to stop banks from doing this, what will the Dems do?

So what SVB did was legal?

 

[Lip Shooter]

The CEO lied - he's the one who decided not to disclose their mark to market loses. They were sitting on unrealized losses going back for over a year and a half. The 500+ basis point move in rates didn't happen over the past month and a half. He never came clean to analysts, shareholders and customers...

Hmm is that legal? They cooked the books and didn’t have these losses documented???

 

[Duckfiend]

We are already there, IMO. Books have been cooked to make it not look so, but I sure feel like my money isn’t even going 85% as far as it was just a few years ago.

2 things to remember on this
1) government CPI is lie (CP lie) right now multiply by 2 should give a more accurate number. If CPI yoy inflation is at 6% think 12%.
2) it compounds over time. 12% for 3 years is 32% price increase.

Poop is getting real

 

[Duckfiend]

Central banks try to calm markets after UBS deal to buy Credit Suisse

(Reuters) -Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG on Sunday to buy rival Credit Suisse Group AG in a historic deal. UBS will pay 3 billion Swiss francs ($3.23 billion) for 167-year-old...

finance.yahoo.com

 

[grahler]

Remember that time Biden said his sanctions crushed the Russian economy then a year later banks in the USA were failing and inflation was outta control?
That was awesome!
Smh

White House claims Biden’s sanctions have ‘basically crushed’ Russian economy

Biden administration faces questions from reporters about whether Ukraine invasion has gone ‘unanswered’

www.independent.co.uk

 

[pintail2222]

2 things to remember on this
1) government CPI is lie (CP lie) right now multiply by 2 should give a more accurate number. If CPI yoy inflation is at 6% think 12%.
2) it compounds over time. 12% for 3 years is 32% price increase.

Poop is getting real

I’ve posted this before and I’ll post it again: The Federal Government reporting CPI is like the Mob reporting crime statistics.

 

[pintail2222]

Hmm is that legal? They cooked the books and didn’t have these losses documented???

Appears that the DOJ and SEC are investigating.