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UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley Bank

UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley Bank

Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago.

The collapse of SVB, a key player in the tech and venture capital community, leaves companies and wealthy individuals largely unsure of what will happen to their money.

According to press releases from regulators, the California Department of Financial Protection and Innovation closed SVB and named the FDIC as the receiver. The FDIC in turn has created the Deposit Insurance National Bank of Santa Clara, which now holds the insured deposits from SVB.

The FDIC said in the announcement that insured depositors will have access to their deposits no later than Monday morning. SVB’s branch offices will also reopen at that time, under the control of the regulator.

This story is an UPDATE to a story I published about 7:30 this morning showing that bank in particular has seen its share price plunge upwards of 70% overnight, and looked to be in trouble.  That earlier story is HERE

UPDATE --

A Silicon Valley Bank branch in Manhattan today called the cops on tech investors trying to pull their cash out as a run on the bank today forced regulators to seize its assets.

Police were called after 'about a dozen' financiers, including former Lyft executive Dor Levi, showed up outside the building on Park Avenue as investors scrambled to get their money out in the biggest collapse since the Great Recession. 

The bank failed today as depositors - mostly technology workers and venture capital-backed companies - began withdrawing their money following a shock announcement of a $1.8bn loss. The bank took a hammering in pre-market with its price plunging by 66 percent before trading was halted.

But with investors only protected up to $250,000, there have already been horror stories. Ashley Tyrner, CEO of Boston wellness firm FarmboxRx, said she had at least $10m deposited with SVB and has been frantically calling her banker. She called it 'the worst 18 hours of my life.'

With around $209bn in assets, SVB is the second-largest bank failure in US history after the 2008 collapse of Washington Mutual. It is the first FDIC-insured bank to fail in more than two years, the last being Almena State Bank in October 2020. 

 

***** FLASH UPDATE *****

 As of 1:51 PM EST, I am being told  the following:

"The FDIC noted that SVIB had $175BN in deposits as of Dec 31, note that some $151.5BN of these are uninsured, which means they get exactly ZERO back.

They get a COUPON that can be redeemed for whatever is left after wind-down and the government gets paid back.

For the collapse of Lehman Brothers in the year 2008, it was 1/2 cent on the dollar, paid out ten years later."

 

UPDATE 2:15 PM EST --

I am told "There is CONTAGION" in this Bank trouble . . . .

Central banks have been dumping billions and billions in the bond market to try to stabilize the 10 year and they failed miserably. They have no liquidity.

. . . seems like a good time to start WWIII and head for the bunkers before anyone starts asking awkward questions.

Comments   

+1 # Engineered Crisisamicusforlife 2023-03-11 13:12
this is an engineered crisis to cover up what the other hand is doing. Expect an engineered domino fall with Digital currency (control) to come to the rescue. Between WHO control (enslavement), digital control, war, climate hoax, next pandemic, and more they will go for the jugular on humanity. Remember the Deagle report. 2025 2/3 of pop of US gone.
+2 # RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley BankJules 2023-03-11 03:28
Guess too big to fail is a thing of the past now. They are ready to let it all burn and interesting that they are doing it at a time in Biden's admin where the wishy-washy media seems to have turned on him so what everyone thought would occur during Trump's tenure to further humiliate him may be what pounds another nail in the Buden admin's coffin.
+3 # Twilight Zone?Woulf 2023-03-11 03:16
BEYOND PARODY: The IRS Reminds Thieves That They Have to Pay Taxes on Stolen Property
https://www.thegatewaypundit.com/2023/03/beyond-parody-the-irs-reminds-thieves-that-they-have-to-pay-taxes-on-stolen-property/

Dose this include the "Bankers" and our "Politicians"?
# SometimesWoulf 2023-03-11 03:28
A picture is worth a thousand words, sometimes a thousand lives.

Royal Deluxe - My Time 2019 / Jason Statham Tribute
https://www.youtube.com/watch?v=FTMvrW8siDQ

Они НИКОГДА НЕ СЛЫШАТ, КАК Я ПРИХОЖУ, товарищ друг. НО ОНИ ВСЕГДА понимают МОЮ ТОЧКУ ЗРЕНИЯ.
-9 # RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley BankMiketheArabSkywatcher 2023-03-11 01:28
Why are white American males on here talking about walk street ?

The only thing that matters to them is ready access to BBC porn and also of course ...

White wives begging for BBC

Hey gotta question......

Why no black wives begging for white men ??
Bahahahahahaha
+1 # █▓▒░ MiketheSkyRacist ░▒▓█Palehorse 2023-03-11 09:49
|

As sexual perversions and debauchery have no racial boundaries,
what is it you are trying to explain?
So far it is obvious that you are a racist mental degenerate engrossed
with a fascination of the inguinal region of your abdominal cavity.
This is common among many whom have only 2 brain cells to rub
together just to get their legs to move.

Is there a part 2 for your lame act, or are you ceaselessly stuck on stupid?
(By the way, sexual perversion has always been a favored venue
of demonic influence in humans, that is if you even are one.)
+4 # RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley BankShamo 2023-03-11 07:20
Time to comeback to reality. Only faggots talk about peckers in open discussion.
+4 # You are a completesupporttheblue 2023-03-11 06:50
Moron
+1 # US fed Reserve meetingLearningTruth 2023-03-11 01:15
https://twitter.com/StockSwingAlert/status/1634298378661027846?t=TkSWTTQ8nzGS3jSYodbjUQ&s=09
# The Simpsons predicted itLearningTruth 2023-03-11 00:52
https://twitter.com/cryptosandicos/status/1634354859435786240?t=kFiBptr2VTadvEX7Xa5Mcw&s=09
+3 # RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley BankRobert A 2023-03-10 23:39
For years literally years some economists have been warning of what they always referred to as a banking holiday. Starting on a Friday festering over the weekend and exploding by Monday. You have even the corrupt mainstream news talking about contagion which is just their nicy nice way of saying it's not over there is more shit to come.
+2 # Central Bank Digital Currency (CBDC)BobPhy 2023-03-10 22:38
This is another episode of 5GUD (Fifth Generation Unrestricted Warfare) to force specific outcomes.

Remember the “normal” way bank failures were handled in the past was the failing bank was taken over by a larger bank.
The Treasury/FED helped facilitate this operation. No depositors loose any money and the Treasury avoids paying out FDIC funds.
This option was especially attractive when when the Bank having trouble was a result of a short term liquidity crisis. The Bank was sound otherwise and would be profitable over time.
So the question is why is everyone being disrupted and inconvenienced, many loosing money, some even bankrupted when this was unnecessary?
The Powers That Be (TPTB) agenda is to force everyone the accept a Central Bank Digital Currency (CBDC).
They will claim - see, none of this would have happened if you were using the FED CBDC.
+1 # Goldilocks Economy Eaten by The Wolf of Wall Street.White Lightning aka Raptor 2023-03-10 21:52
Martin Scorsese's "The Wolf of Wall Street" is abashed and shameless, exciting and exhausting, disgusting and illuminating; it's one of the most entertaining films ever made about loathsome men. Its star Leonardo DiCaprio has compared it to the story of the Roman emperor Caligula, and he's not far off the mark.
# 20 banks that are sitting on huge potential securities losses—as was SVBGruntpa 2023-03-10 21:52
# First Republic and PacWest Bancorp plunge as fears of contagion grow following the biggest bank failure since 2008Gruntpa 2023-03-10 21:49
# █▓▒░ Some Wells Fargo Customers Report Missing Deposits — Here's What We Know ░▒▓█Palehorse 2023-03-10 21:34
|

Published March 10, 2023

Some Wells Fargo customers woke up Friday morning
to find deposits missing from their checking accounts.

In a statement to NBC, the bank acknowledged some direct
deposit transactions were not showing up in accounts and
that they were working on a resolution.


https://www.nbcdfw.com/news/business/wells-fargo-customers-report-missing-deposits-heres-what-we-know/3211427/
+2 # Scroll Down below to understand WHY this screw up happenend....watchmann 2023-03-10 23:26
Translation: the IT Dept at Wells Fargo screwed up. Direct Deposit DATA TRANSMISSIONS were not applied to customers accounts.

Scroll down to see an explanation of why this happened, and why MORE IT (Information Technology) screw ups should be expected.

With regard to missing Direct Deposit Data Transmissions going on at Banks lately, Listen to this warning from a frustrated IT guy:

Remember all the Flight Cancellations and lost baggage, stranded passengers, etc with SouthWest, over New Years??? Here is why:

Want to know why the FAA had issues? Flight cancellations? Here's why... This guy who posted this on December 28, 2022...was fired from Southwest Airlines for doing his job - Reviewing Code. Said major issues were coming....[1:04] (vid8.poal.co)

https://vid8.poal.co/user/AOU/joADDAG

This is important to note, as this will continue to be an ISSUE going forward, as more and more Good People either die or become disabled due to the Kill Shots, or they Quit their job, because they didn't want to take the Kill Shot.

What you are left with is the 2nd team, who don't know how to run things, much less how to FIX things, when stuff goes wrong.

2nd team = the people hired due to affirmative action (race), and not due to their brains or expertise these people "coast" by, on the work done by the 1st Team. When the 1st Team is gone, the 2nd team hasn't a clue how to fix anything, and things unravel fast
+1 # ALL OF THESE CUSTOMERS DESERVE WHAT THEY GOTjoe@tittiger.com 2023-03-10 21:29
.
I have been warning people about fractional reserve banking since I was in high school.

In the 50 years since, I can't think meeting of a single American that was concerned at all about this evil.

You reap what you sow.
And this is what stupid Americans are reaping.

That being said these "bankers" should spend the rest of their lives in prison.
Or worse.

Perhaps they should be executed for something this heinous.

The entire banking system, from top to bottom, is based on fraud.

People committing fraud should have no immunity at all from their crimes.

They put warnings on clothes not to iron them while wearing.... yet banks make you think that they have a special account where you money is kept until you need it.

You are not warned that this is nowhere close to the truth.

Bank customers are never warned that their money is actually loaned out, often at high risk, and that FDIC will not cover everyone's loses.

Yet some clothes warn you not to iron them while wearing them.

These fraudsters should hang IMHO.
# +1A706 2023-03-11 07:35
Joe I don't understand why anyone would downvote the Truth, Idiots.
I was also fortunate to have been educated by my John Birch Society Dad on the Evils of Fractional Reserve. He introduced me to Griffins Creature from Jekyll Island which I have referenced many times over the years and like you I have found that people just don't want to hear it.
The higher the education the deafer the ear.
# Silvergate, a Federally Insured Bank, Just Blew Up from Ties to CryptoGruntpa 2023-03-10 21:26
Last week, Pam Martens, writing for Wallstreet on Parade, reported that bank runs were happening at Silvergate Bank, a U.S. FDIC insured bank.

https://wallstreetonparade.com/2023/03/silvergate-a-federally-insured-bank-just-blew-up-from-ties-to-crypto/
+1 # RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley BankWoulf 2023-03-10 21:10
Smells a lot like Game Stop. Things happen. They happen faster when you get behind them and give a push.
+3 # Robert Dziokrddziok 2023-03-10 20:55
"King Dollar" on it's way down the toilet. Pretty soon US/West won't be able to finance worldwide wars to steal other countries assets under the guise of "Democracy" (e.g. Iraq, Syria, Libya, Yemen, Afghanistan, Ukraine, etc.). "Entitled Ones" may even have to get off their lazy useless butts soon and actually do an honest days work for an honest days wage. That or else join a circus with their tattooed clown colored hair "land whale" bodies.
+1 # They want to punish you because you won't believe their lies...Gruntpa 2023-03-10 20:54
These military guys are all flawless human rights activists… The Pentagon does not want Biden to pass evidence of Russian war crimes to the International Criminal Court. The reason is:

American military leaders oppose helping the court investigate Russians because they fear setting a precedent that might help pave the way for it to prosecute Americans.

https://archive.ph/kELW5
+2 # CSRQ and USDRERing46Z 2023-03-10 20:51
An alledged coming financial system, according to posts by an open-source group led by Bill Sweet who interact with so-called whistleblowers who have been sounding the alarm on the coming final, brutal stage of the WEF Great Reset. US Drawing Rights and or the new format of digital currency being (so far) referred to as "CSRQ."

The dissappearing billions, claimed by Sweet, are an indicator that the horriffic switch from cash to centrally-controlled digital currency
exchange is very close at hand.

This new system, according to Sweet, will feature four classes of citizens world-wide, and that Russia and the Eastern bloc pushing back against the West in Ukraine in part is because they are tired of being financially fleeced by the zionist bankster-controlled, debt slavery system of worthless fiat paper money West...
Some here may be aware of these guys and may have concluded, as I have, that it's all been a graft for crypto transfers to Sweet's whistleblowers, led by a very informed cat who goes by the handle of Gideon. This week's massive SVB fiasco points to tens of billions vanishing..."but where?" And - key political movers and shakers are dropping off the public access
radar recently. And - ukie mercs are at the end of their rope, leaving only two options left for NATO: walk away, or prep the ww3 false flag...martial law, the crazy takeover crap obummer signed into the 2012 NDAA...a draft. FEMA Camps opening up. Might be an interesting month at that!
+5 # on scheduleJOHN3:16 2023-03-10 20:44
Last year March 9 2022 Biden Signs Executive Order to Advance Digital Assets, Explore CBDC. Biden said in one year we would be moving into digital everything...It looks like everything is on schedule and moving forward for THEIR reset. So nobody should be surprised at the first domino that has fallen.
+3 # $10k in CashLoki 2023-03-10 20:41
If you can, try to hold as much of your money in cash (at leasta $10k or more) and also pick up as many silver eagles as you can. The banks are going down.
+2 # █▓▒░ The Head of A NATO Nation Has This to Say... ░▒▓█Palehorse 2023-03-10 20:38
|

Hungarian Prime Minister Viktor Orban says The
West is very close to seriously discussing the
prospect of sending allied troops to Ukraine.


"I think we are very close to suggesting, in all
seriousness, that the soldiers of Ukraine's
allied countries cross the border and enter the
territory of Ukraine," Orban said on National
radio station Kossuth Rádió."


https://english.almayadeen.net/news/politics/west-might-be-close-to-sending-allied-troops-to-ukraine:-orb
+4 # Where's the beef?OldGrouch 2023-03-10 19:49
I just read the FDIC press release for this most recent bank failure. In the past the FDIC press release would disclose the monetary hit to the DIF (deposit insurance fund) fund. This press release had no mention to that dollar amount.

In the past I have seen amounts range from a million dollars, to a lofty multi billion dollar hit.

Being able to see the dollar amount hit to the DIF is a good way to really gauge the carnage.
# No buyer.zthey are going to run it snd wind it down.supporttheblue 2023-03-11 06:57
Insured deposit amounts only.
+2 # PelosiERing46Z 2023-03-10 19:34
Remember in early 2020 when she was alleged to have instructed the FED Reserve to "just add enough zero's to the balance sheet to make sure there will be enough money to go around?" It was when those 535 loons were prepping about $6 Trillion in various stimulous hand-outs.

I wonder if the printing press will save them now...
+3 # Nothing taste better when it's free?acturner067 2023-03-10 19:04
The FDIC noted that SVIB had $175BN in deposits as of Dec 31, note that some $151.5BN of these are uninsured, which means they get exactly ZERO back. It appears that $151.5 B. going into someones pocket. Could this be starting of the great bail in for the rich bankers?
-2 # once more...Dudimus Maximus 2023-03-10 18:56
Quoting Clem Kididdlehopper:
Quoting watchmann:

But again with this news, I am reminded of Pastor David Wilkerson's prophecy about Bank Runs. They will start in Europe (Credit Suisse???) and then bank runs will start happening around the world, including the USA.

So we may be seeing the beginning of the fulfillment of this prophecy.

https://www.thepropheticyears.com/wordpress/david-wilkersons-prophecy-of-run-on-american-banks-by-david-wilderson.html


"read 'em and weep" lol.... big joke, isn't i? https://the-masters-voice.com/,,,, [[https://the-masters-voice.com/2023/03/07/the-meltdown-of-the-banking-system-march-7-2023/]] and [[https://the-masters-voice.com/2023/03/07/17297/]]

nahhh,,, you believe that stuff??


with feeling...
-1 # Prove God Doesn't ExistLoki 2023-03-10 20:43
You can't prove God exists or doesn't exist, both take faith.
# RE: Prove God Doesn't ExistJohnGalt1911A1 2023-03-11 07:56
Quoting Loki:
You can't prove God exists or doesn't exist, both take faith.


Romans 1:19-20 proves His existence.
-1 # Prove God Doesn't ExistLoki 2023-03-10 20:43
You can't prove God exists or doesn't exist, both take faith.
+2 # Must be harvest time?acturner067 2023-03-10 18:47
As many know the Rothschild's stole the bank of England in a well plan move. The Bankers today haven't lost their touch and and you can bet it's another well plan strategy for the great big rest-set of everything.
+5 # You hit itSBGlett77 2023-03-10 18:38
.
You nailed it with your last sentence, Hal. This is probably the most plausible reason for starting a war that has come along yet. Can you imagine our puffed-up big talkers in the Pentagon having to face a collapsed financial system that requires hyperinflation to even begin to allow the MIC to continue ? Neither can I. So starting WWIII ASAP is definitely on the table if this thing goes cascading-failure mode.

With the context of this failure, the bailouts the Vulture Capitalists want for SVB may not be possible this time. I won't reveal why - let them figure it out.
+1 # VIP Elite Panic As Nuremberg 2.0 Trials for 'Crimes Against Humanity' Becomes RealityWhite Lightning aka Raptor 2023-03-10 18:23
Preparations are underway for crimes against humanity trials at the International Criminal Court in the Hague, according to an ICC insider who reveals that key figures from the globalist establishment are set to be sacrificed on the altar of public outrage for their crimes in the elite’s failed Covid plandemic.

The globalist elite have made the last three years hell for the majority but we have held strong, maintained our dignity, and exposed their lies, one by one. Now our abusers have been backed into a corner they are being forced to admit to the lies they’ve spun. And they want us to forgive and forget.

But that’s not going to happen. It really isn’t. The people are waking up. And since they are waking up and realizing the nightmare of the last three years was created intentionally by the globalist elite, the people are rising up and demanding justice.

https://www.brighteon.com/9381586a-d73a-4ac5-8f5e-3c8eeb1cf3d2
+4 # NopeLoki 2023-03-10 20:44
the crimes against humanity have only just begun. One anti-christ, comin' up!
+5 # CEO of failed Silicon Valley Bank no longer a director at SF Fed.White Lightning aka Raptor 2023-03-10 18:01
(Reuters) - The chief executive officer of failed Silicon Valley Bank, Greg Becker, is no longer on the board of directors at the Federal Reserve Bank of San Francisco, a spokesperson for the regional Fed bank said on Friday.

Becker's departure was effective on Friday, the spokesperson said. Earlier on Friday, Silicon Valley Bank was closed by regulators.

1 $55,387,209,000,000 JPMorgan Chase Bank
2 $51,794,949,000,000 Goldman Sachs Bank USA
3 $46,562,329,000,000 Citibank
4 $22,087,831,000,000 Bank of America
5 $12,191,517,000,000 Wells Fargo Bank
6 $2,132,802,000,000 State Street Bank and Trust Company
7 $1,516,559,899,000 HSBC Bank USA
8 $1,174,293,000,000 The Bank of New York Mellon

More Dominoes to FALL! Anyone who believes that the PhD economists of the Fed are not insane is a dodo bird.
+2 # Friday closeellis 2023-03-10 17:26
So where did it end on Friday? And will it continue on Monday because trading was repeatedly halted?

Several bank stocks were repeatedly halted on Friday, including First Republic, PacWest and crypto-focused Signature Bank. First Republic dropped 14.8%, and PacWest shed 37.9%. Some bellwether bank stocks suffered smaller losses even as SVB's fallout wreaked havoc on regional names. Goldman Sachs and Bank of America fell 4.2% and 0.9% respectively. JPMorgan held onto a 2.5% gain.-cnbc
+2 # Several bank stocks were repeatedly halted on Friday....watchmann 2023-03-10 17:43
https://www.sg-insight.com › index.php › en › market › 71627-stocks-waver-as-silicon-valley-bank-shutdown-rattles-wall-street

They should have waited to shutter Silicon Valley Bank, until at least after stock trading closed at 1pm PT. Now lots of people will be biting their finger nails all weekend.

https://media.tenor.com/rilz8VZZdsAAAAAC/donald-duck-sweating.gif

https://media.tenor.com/pKhXg3vYOxMAAAAM/mickey-scared.gif

https://64.media.tumblr.com/566a5e9b972d049c7cbcb96f68ed6185/cd76227ec11a9103-54/s400x600/029f44146213569b5060e26c8f62fc79e542db55.gifv
+2 # 300 Billion Reasons Why SVB Contagion Is Spreading To The Broader Banking System...is BofA next??watchmann 2023-03-10 17:51
300 Billion Reasons Why SVB Contagion Is Spreading To The Broader Banking System

https://www.zerohedge.com/markets/300-billion-reasons-why-svb-contagion-spreading-broader-banking-system

Yipes!

And it's also why every other bank is now suffering under similar pressure of massive "net unrealized losses."

Yes, SIVB is by far the worst with all of its book value wiped out by the unrealized loss, but other banks are hardly doing much better, to wit: Bank of America's unrealized loss (i.e., the market-value gap between its HTB book and fair value) represents 43% of combined total equity; at State Street it is 27%; at Wells it is 25%, at US Bancorp it is 24% and so on...


Looks like there will be a LOT of emergency closed door meetings this weekend with heads of major banks and the FED, as happened in 2008.

You know: Too Big To Fail ....type emergency meetings???
+1 # Two Strong PropheciesDolph 2023-03-10 17:14
Two Strong Prophesies — Dolph 2023-03-10 13:14
Last November 14, Corria T. had a dream of the East Coast of the US with a straight black line running from Maine to Florida some distance in from the ocean. She felt water come up around her feet and the whole East Coast WAS GONE! She knew this was a warning and before she woke up she heard an audible voice say, "FOUR MORE MONTHS". (That would be this coming Tuesday). After she woke up she prayed and asked the Lord if this dream was from Him. She then had a conversation with a believer in Arizona who asked, Have you seen the video I posted last night about a prophecy of a tsunami coming to the East Coast of the U.S.? This was the same night as her dream! Stan Johnson of the Prophecy Club reported this last week and noted there have been approximately 20 prophetic dreams and visions over the past ten years of a giant tsunami hitting our East and Gulf Coasts. Corria didn't know what caused the tsunami, if it was a bomb or an asteroid but WAS GIVEN A SPECIFIC TIME, IN FOUR MONTHS!

The second dream was given to Richard Mew early last year about war coming to America on "3/15/1" with 12 nukes hitting 12 cities. He was waiting for it to happen last year and when it didn't happen he determined the strange date given with "1" meant in one year or this coming Wednesday, March 15.

Also, Turkey and Syria were recently hit my a huge earth quake with 30,000 deaths. This could easily be part of the sixth seal of Revelation which includes the "great day of the Lord's wrath", Rev.6:17. The pre-wrath rapture Christians have said for years that this is when the Tribulation starts in earnest.

If a devastating tsunami hit America it would be a perfect opportunity for Russia and China to attack and invade. Isn't it interesting these two prophecies are coming at a time when the well informed people of this site are already on the edge of their seats?!
+1 # █▓▒░ Looks like the next dose of Dolph Dung ░▒▓█Palehorse 2023-03-10 21:06
|

Dolph said on Oct. 21, 2022 “A FEW SHORT DAYS LEFT!”
But he has “no comment” on his fail.

Dolph also said that the Nov, 2022 Thanksgiving Day dinner has
to be canceled because they were being raptured. More lies
and deceit.

NOW we have...
Dolph the Deceiver said on 03/06/23

“THIS IS IT FOLKS!!
TO SUM UP: Rapture imminent, giant tsunami on the 14th,
America nuked on the 15th.”
THAT'S 3 DAYS FROM NOW!

Now he has “Two Strong Prophecies” WHAT A LOSER.
+1 # YOU SAY !Cydoniak 2023-03-10 17:13
YOU SAY, YOU SAY THERE IS NO LIQUIDITY, I BEG TO DIFFER. DEPOSITORS ARE THE LIQUIDITY. AS WATER IS A LIQUID, JUST WATCH IT DISAPPEAR INTO THE DRAIN OF THE RICH MEN OF THE EARTH. ALL WHO PLAYED A PART OF QUICK MONEY, TRADES, PLAYING THIS ROULETTE WHEEL HAVE A PORTION OF THE BLAME. JUNK BONDS AND THE REST OF THE GET RICH QUICK SCHEME. Proverbs 13:11 Wealth gained hastily will dwindle, but whoever gathers little by little will increase it. Proverbs 22:7 The rich rules over the poor, and the borrower is the slave of the lender.
+1 # █▓▒░ WHEN IS A BAIL-IN NOT A BAIL-IN? ░▒▓█Palehorse 2023-03-10 17:07
|

Quote:
"I am told "There is CONTAGION" in this Bank trouble . . . ."

contagion
noun
con·​ta·​gion

: a contagious disease
: the transmission of a disease by direct or indirect contact
: an influence that spreads rapidly

WHO'S NEXT?
-17 # RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley BankMiketheArabSkywatcher 2023-03-10 16:53
2morrow is 3/11. half of you cucks have no idea about the importance of this date.
what could be the impactful event that happens tomorrow?

the Dutch tractor dissent culminates tomorrow. if the farmers do not do something drastic they are FINISHED.
count the 5th largest food producer in the world out as well.
i have serious doubts whitey will do a single erratic thing.
he worship order and you can see it in germany today inside that cuckhold nation.

THE FARMERS WILL DO NOTHING BUT BEG FOR MORE WHITE WIVES BEGGING FOR BBC VIDEOS
+3 # Therapy.....Loki 2023-03-10 20:51
Therapy for you, m'boy.
# Fukushimaunixguru24 2023-03-10 17:13
Was 3/11/11.. Radiation.. They like their symmetry. Not saying tomorrow is 'it' by any stretch. These scum love their symmetry, however.
# RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley BankNW 2023-03-10 16:53
Quoting sandymc:
Silicon Valley Bank had 27 trillion in derivates and are ranked number 22 in the derivative bank list....https://www.usbanklocations.com/bank-rank/derivatives.html


It actually is 27 Billion.
# Let's try to verify thisunixguru24 2023-03-10 17:04
It could be 27 trillion - the notional value of these financial WMDs goes into the hundreds of trillions. 27 Billion actually seems 'low' in the case of a bank the size of this one.
+1 # REVELATIONJOHN3:16 2023-03-10 16:50
The Black Horse is loose. The Black Horse carries the scales and death...We've been weighed and shown to be greedy (among other horrible things). Father has the Angel of Death near by...On Fathers demand He will have his vengeance on the greedy. It is coming, He has spoken His word. We shall seek the Lord in these times coming....Thank you Hal for being you.
-8 # RE: REVELATIONMiketheArabSkywatcher 2023-03-10 16:56
you talk about this in a glib manner , don't you
+1 # Pump and Dumpoak2022 2023-03-10 16:38
Central Banks exist only to help make central banksters more wealthy. Pump and Dump. Buy at the bottom and repeat.
+4 # Companies Experiencing IT "issues"... pt 2watchmann 2023-03-10 16:27
With regard to missing Direct Deposit Data Transmissions going on at Banks lately, Listen to this warning from a frustrated IT guy:

Remember all the Flight Cancellations and lost baggage, stranded passengers, etc with SouthWest, over New Years??? Here is why:

Want to know why the FAA had issues? Flight cancellations? Here's why... This guy who posted this on December 28, 2022...was fired from Southwest Airlines for doing his job - Reviewing Code. Said major issues were coming....[1:04] (vid8.poal.co)

https://vid8.poal.co/user/AOU/joADDAG

This is important to note, as this will continue to be an ISSUE going forward, as more and more Good People either die or become disabled due to the Kill Shots, or they Quit their job, because they didn't want to take the Kill Shot.

What you are left with is the 2nd team, who don't know how to run things, much less how to FIX things, when stuff goes wrong.

2nd team = the people hired due to affirmative action (race), and not due to their brains or expertise these people "coast" by, on the work done by the 1st Team. When the 1st Team is gone, the 2nd team hasn't a clue how to fix anything, and things unravel fast..
+1 # Wells Fargo Warns Customers Of 'Incorrect Balances Or Missing Transactions'watchmann 2023-03-10 17:33
Wells Fargo Warns Customers Of 'Incorrect Balances Or Missing Transactions'

https://www.zerohedge.com/markets/wells-fargo-warns-customers-incorrect-balances-or-missing-transactions

What did I tell you?
+4 # Companies Experiencing IT "issues"...watchmann 2023-03-10 16:24
We are going to see this, more and more as time goes by.
+5 # Silicon Valley Bank had 27 billion in derivates and are ranked number 22 in the derivative bank list.White Lightning aka Raptor 2023-03-10 16:18
Printing One Dollar per second it would take almost 12 days to print One Million Dollars, 31.7 years to print One Billion Dollars, and 31,709.8 years to print One Trillion Dollars.

1 $55,387,209,000,000 JPMorgan Chase Bank
2 $51,794,949,000,000 Goldman Sachs Bank USA
3 $46,562,329,000,000 Citibank
4 $22,087,831,000,000 Bank of America
5 $12,191,517,000,000 Wells Fargo Bank
6 $2,132,802,000,000 State Street Bank and Trust Company
7 $1,516,559,899,000 HSBC Bank USA
8 $1,174,293,000,000 The Bank of New York Mellon

You can't make this crap up...
# It's worse than that!unixguru24 2023-03-10 17:07
They can create a trillion in about 3 seconds with a keyboard. Gee, anyone see a problem with central bank digital currencies? This could easily be the 'crisis' they use to roll those out. The pilot studies are done.
+5 # comicalHide 2023-03-10 16:09
The fact that people are still blaming Biden or any "sitting" president for the past/current/future demise of our economic system is comical. They are a face to a much bigger machine beyond any of our corrupt politicians. This has been a devised plan for some time. The ball is now rolling down hill.
+13 # RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley BankErfman 2023-03-10 16:02
I know that Biden didn't legitimately win, but I hope the idiots that did vote for him see the error of their ways.

Who am I kidding?

They will just blame everything on Trump and keep voting Democrat...

...Unless a mushroom cloud cancels the next election.
+4 # Erfman, right on. Massivegravedigergary 2023-03-10 16:51
mental and emotional illness has taken over half or more of the peo9ple in western nations, especially North America. Thanks to the synagogue of Satan and media. And too many churches and false Christian ministers, who teach that the commandments of Yah God are done away with. Christ took away the eternal death penalty for our breaking His laws, but His laws are good for humanity, to keep human nature in safe bounds.
+8 # EarlyPavel888 2023-03-10 16:00
Normally the FDIC takes over banks on a Friday night after the market closes. This one was taken over this morning. Plus Wells Fargo customers have been reporting zero balances and direct deposit not posting. Same as Bank of America 5 weeks ago. Be ready.
+1 # Companies Experiencing IT "issues"...watchmann 2023-03-10 16:18
Keep in mind the warning of his IT guy. He said this stuff is happening everywhere, and will only get worse. I suspect this is real reason that Banks are having screw ups with their direct deposit data transmission:


Remember all the Flight Cancellations and lost baggage, stranded passengers, etc with SouthWest, over New Years???

Here is why:

Want to know why the FAA had issues? Flight cancellations? Here's why... This guy who posted this on December 28, 2022...was fired from Southwest Airlines for doing his job - Reviewing Code. Said major issues were coming....[1:04] (vid8.poal.co)

https://vid8.poal.co/user/AOU/joADDAG

This is important to note, as this will continue to be an ISSUE going forward, as more and more Good People either die or become disabled due to the Kill Shots, or they Quit their job, because they didn't want to take the Kill Shot.

What you are left with is the 2nd team, who don't know how to run things, much less how to FIX things, when stuff goes wrong.

2nd team = the people hired due to affirmative action (race), and not due to their brains or expertise.
# Pass the AmmoLoki 2023-03-10 20:56
Thankfully, most of those 2nd team folks don't have three years worth of bullets.
+6 # KA3PCXKA3PCX 2023-03-10 15:58
Alot of people thought banks were safe place to put your money. I would think twiceCan the FDIC can only bail out so many banks.
I have to give credit to Hal on this one he had it right on!
# Let's give creditunixguru24 2023-03-10 17:11
To the brave insider(s) who risked life and limb to divulge the info to Hal in the first place. An analyst is nothing without a decent flow of incoming data and info.
-1 # Let's give creditunixguru24 2023-03-10 17:11
To the brave insdier(s) who risked life and limb to divulge the info to Hal in the first place. An analyst is nothing without a decent flow of incoming data and info.
# The U.S. banking system is on the verge of a much bigger collapse than 2008.watchmann 2023-03-10 15:55
Peter Schiff
@PeterSchiff

The U.S. banking system is on the verge of a much bigger collapse than 2008.

Banks own long-term paper at extremely low interest rates. They can't compete with short-term Treasuries. Mass withdrawals from depositors seeking higher yields will result in a wave of bank failures.

https://twitter.com/PeterSchiff/status/1634244633545850898?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1634244633545850898%7Ctwgr%5E25db17a2fa7c5fd6b4fc7830a470862faedfb387%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.thestreet.com%2Ftechnology%2Ftwo-us-banks-collapse-in-48-hours-which-one-is-next
+5 # Two US Banks Collapse in 48 Hours. Which One's Next?watchmann 2023-03-10 16:04
Two US Banks Collapse in 48 Hours. Which One's Next?

https://www.msn.com/en-us/money/other/two-us-banks-collapse-in-48-hours-which-one-s-next/ar-AA18twTQ?ocid=msedgdhp&pc=U531&cvid=5742c1388ff040e083840958c08facaa&ei=11

And one bank failure was due to rampant Fraud.
+4 # WARNING: Big Tech Banks Collapsing! Infection Spreading to Other Sectorswatchmann 2023-03-10 16:08
Another article:

WARNING: Big Tech Banks Collapsing! Infection Spreading to Other Sectors

https://healthimpactnews.com/2023/warning-big-tech-banks-collapsing-infection-spreading-to-other-sectors/
# Four biggest US Banks Lost $52 BILLION in Valuation Today as Dow drops 540 pointswatchmann 2023-03-10 16:09
Four biggest US Banks Lost $52 BILLION in Valuation Today as Dow drops 540 points

https://healthimpactnews.com/2023/four-biggest-us-banks-lost-52-billion-in-valuation-today-as-dow-drops-540-points/
+3 # RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley Bankmuddsbks 2023-03-10 15:48
They need the weekend to print a few million in Benjamin's so everyone can get their fiat on Monday morning.

10 M in the bank?????
Not a real bright money manager.
+5 # No payrollunixguru24 2023-03-10 15:50
You got that right; now they’ll need a loan to keep the company going.. Hmmmmm
The ‘great repossession’ might have just begun
# TheTed 2023-03-10 17:17
Moneylenders are flocking in to help out.
+5 # Here ya go, if ya like this kinda thing:Dudimus Maximus 2023-03-10 15:46
Quoting watchmann:

But again with this news, I am reminded of Pastor David Wilkerson's prophecy about Bank Runs. They will start in Europe (Credit Suisse???) and then bank runs will start happening around the world, including the USA.

So we may be seeing the beginning of the fulfillment of this prophecy.

https://www.thepropheticyears.com/wordpress/david-wilkersons-prophecy-of-run-on-american-banks-by-david-wilderson.html


"read 'em and weep" lol.... https://the-masters-voice.com/,,,, [[https://the-masters-voice.com/2023/03/07/the-meltdown-of-the-banking-system-march-7-2023/]] and [[https://the-masters-voice.com/2023/03/07/17297/]]

nahhh,,, you believe that stuff??
+14 # Bank Failure(s)J.Carson 2023-03-10 15:37
If you have enough cash in the bank ... to pay off your home mortgage ... DO IT now.

If you don't fully own it, you can lose it.

If you don't have it in hand, you don't own it.

Strong recommendations. Do whatever you can. Use 401k if necessary, before its gone.
1) Pay off primary home TODAY.
2) Pay this year's property tax fully TODAY.
3) Have at least one vehicle fully paid for.
4) Get that wood stove that you've talked about and enough wood for 2023 and 2024.
5) Spend the cash in the bank for vital necessities and stash the rest in a secure location. Leave only enough to cover automatic payments and debits/checks written.
-13 # RE: Bank Failure(s)MiketheArabSkywatcher 2023-03-10 16:57
you are such a pathetic cuck
+6 # Well that added lots of value to the conversationunixguru24 2023-03-10 17:19
Thank you for your zero-worth contribution.
+5 # Good adviceunixguru24 2023-03-10 15:51
I do have a securities license (sic) and totally concur
+6 # ReparationsBurnit 2023-03-10 15:37
Now is a great time for reparations! Print a bunch of $billion dollar bills and helicopter them over the cities. THEN, let the missles fly. At least people would die 'rich'!
+2 # Things may not be as dire as they sound.watchmann 2023-03-10 15:35
Things may not be as dire as they sound. What happened routinely during the 2008 crisis, was typically on a Friday (today is Friday), the Feds come in and take over the failing bank, and business is closed for the day.

The Fed's people work all weekend long, and usually on Monday it is announced that the bank has been taken over by "such and such bank", and depositors money will be available to them again.

The end result is, just the Name on the door changes, everything else remains pretty much the same to the depositors.

This is the first major bank to fail, so things will go smoothly. Its the last bank standing, after the FDIC has run out of money to guarantee deposits, ....that things get pretty dicey.

But again with this news, I am reminded of Pastor David Wilkerson's prophecy about Bank Runs. They will start in Europe (Credit Suisse???) and then bank runs will start happening around the world, including the USA.

So we may be seeing the beginning of the fulfillment of this prophecy.

https://www.thepropheticyears.com/wordpress/david-wilkersons-prophecy-of-run-on-american-banks-by-david-wilderson.html
-1 # "All insured depositors will have full access to their insured deposits no later than Monday morning, March 13, 2023."watchmann 2023-03-10 15:58
"All insured depositors will have full access to their insured deposits no later than Monday morning, March 13, 2023. The FDIC will pay uninsured depositors an advance dividend within the next week. Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds."

It added that it may pay a dividend to uninsured depositors as it sells the assets of SVB.

The FDIC is a guarantor for bank depositors.

https://www.msn.com/en-us/money/other/two-us-banks-collapse-in-48-hours-which-one-s-next/ar-AA18twTQ?ocid=msedgdhp&pc=U531&cvid=5742c1388ff040e083840958c08facaa&ei=11

I'm telling you bank failures happened HUNDREDS of TIMES in the 2008-2009 recession......and the sky did not fall once!

https://www.fdic.gov/bank/historical/bank/
# could be rightbogwon 2023-03-11 00:59
but as they say theres always a first time. the way everythings going and i mean everything ,this would appear to be a bad time to bet against it.
+2 # FDICunixguru24 2023-03-10 15:53
Can’t even cover this. Not without a ton of inflation. Most of these people are screwed already
+7 # RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley BankCanis Major 2023-03-10 15:25
awkward questions indeed...Like where did the money go. Who made the call on the kind of investment that drained the bank and who leaked out the intel right before it happened?
+1 # Depositor's are doubly screwedhlhanna 2023-03-10 15:13
Now that they're broke, they can't even get a free hamburger for getting a Covid shot.
+10 # thank you, Hal!Kdasl 2023-03-10 15:11
for all you do!
+5 # Washington MutualBoris93 2023-03-10 15:00
There should be an asterix next to Washington Mutual since it was seized by the government. It was then sold to JP Morgan Chase for $1.9B. Just their FSB bank (WAMU's small bank for investors) had about $50-$60 billion in liquid assets and had capital ratios over 60%. Over all, at the time of seizure, WAMU had better capital ratios than JPM. Only WAMU and Bear Stearns were left off the no short list for their stocks. All sold for pennies on the dollar to keep JPM solvent.
+5 # Burn baby burn!Chappyusa1 2023-03-10 14:58
This is a sign guys, get your money out of the banks ASAP. As of Banks, USA and all Globliest.

Let it burn! Burnt it to the fucking ground. Kill all libtards
+6 # Fiat currency?Burnit 2023-03-10 15:46
Let's say you have $100k in a bank.
A. You can't get it
B. If you did, the cops would confiscate it
C. There isn't anything to buy. Try exchanging gold/silver at ANY retailer.
D. The fed would just make THEIR notes either recalled or worthless.
If you haven't positioned yourself yet, you're S.O.L.
Either get right with God and get ready to meet Him, or rewatch Mad Max and take notes.
+5 # Picking up my kids from schooljddonahey1990 2023-03-10 14:53
Then going massive food shopping
+1 # Food shopping389rivka@gmail.com 2023-03-10 16:12
Great time to pick up Hershey chocolates….lots of sales as they try to do damage control from stupid He/She ad honoring women’s international day. Hahaha
+5 # I already have emergency food stored.jddonahey1990 2023-03-10 17:09
But I was running low on my everyday type stuff for me and my kids. Whats wrong with buying food? LOL I also took money out at the bank 2 days ago, and more today. Also received my Crossbow in the mail today and my hunting Arrows, as well as my water purification pills and additional survival type equipment. I feel like all this happened not a day too soon.
+1 # Food shopping389rivka@gmail.com 2023-03-10 17:31
…is the right response to this latest domino falling. We had an unexpected cash flow this week and promptly traded “soon to be worthless “ paper for extra food supplies. Because of Hershey’s ad backfire, the family size bag of mini bars went from $25 to $6. Score! Who doesn’t like chocolate?!?
+4 # OHHHHHjddonahey1990 2023-03-10 17:58
Got it, It was a joke, I thought you were being a smartass. BTW I still bags full of candy from my kids that I only let them have a couple pieces per week. So I am set on Candy!


Now I just need the adult candy. Bottles of Mr Jack Daniels. When the Nuclear alarms go off, I will do this in order:
1) gather my kids, join hands and pray
2) Put on worship music
3) Hug and kiss my kids
4) Make a nice strong drink and give my kids their first beer of their life.
I would not be looking to go outside with all the chaos outside, wouldnt be able to drive anywhere. Barracade the door and do what is above.

I do not live in a big city but I am about 20 miles from Orlando and about 5 miles from a smaller Airport, also 1 mile from the central station of the AUTO Train. A huge inforstructure of moving supplies and equipment. I fully expect to be in the blast radius.
# RE: OHHHHH389rivka@gmail.com 2023-03-10 18:14
A hat tip to a prepper with a plan (again, not being a smartass ).

Sounds like you have done a serious, reality based assessment and came up with a plan you can carry out and accept. Doesn’t get more basic than that.

Re:chocolate….one guilty pleasure I have chosen to forgo since the price spiraled out of control. To see it tank - go woke/go broke - was great news for me. To heck with their wacky agenda, the price came down…I’m buying ; )
+7 # FRACTIONAL RESERVE BANKING IS A FRAUD AND A CRIMEjoe@tittiger.com 2023-03-10 14:52
.
So are we going to learn a fuking thing about the evils of fractional reserve banking?

I really doubt it....
+5 # WarningLostDutchman1 2023-03-10 14:51
Wasn’t there something about this recently? I mean we’ve heard for 30 years banks were to collapse but very recently there was some concern.

Now the problem will be that anyone who has more than a few hundred thousand on deposit will panic and try to pull-good luck!

And poor Hal-I’m sure the Mrs thinks this is no big deal. I have friends who say this is a small bank and no big deal. Can’t fight stupidity.
+2 # 9/15/2008unixguru24 2023-03-10 14:45
Reboot this weekend?? Seems so at this point
+4 # Interesting Policy Change from Wells Fargo I Receivedpaulattahoe 2023-03-10 14:42
"Mastercard Emergency Cash Advance service ending"

"Effective March 31, 2023, the Mastercard Global ServiceTM benefit for your Wells Fargo Business Line of Credit Mastercard will no longer include the Emergency Cash Advance service."

I never use it but oh well...
+1 # You can't make this crap up...sandymc 2023-03-10 14:40
Silicon Valley Bank had 27 trillion in derivates and are ranked number 22 in the derivative bank list....https://www.usbanklocations.com/bank-rank/derivatives.html
+2 # RE: You can't make this crap up...sandymc 2023-03-10 14:41
Sorry number 33
+3 # RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley BankLambs Servant 2023-03-10 14:31
“When all else fails they take you to war.”
+8 # RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley BankGunner 2023-03-10 14:27
And of course it happens on a Friday just like folks said would happen!!! Could be an interesting show my friends. It is destiny.
+4 # 1St of manyJOHN3:16 2023-03-10 14:11
This is the first domino to fall...Here we go. This not only effects US but also China. Apple being at the top of the list as SVB to trade.
+3 # WHAT ABOUT EVERGRANDE?Plowboy 2023-03-10 14:29
Evergrande preceded this one.
+6 # RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley BankEddamnit 2023-03-10 14:10
All that money did not just disappear.
Theft in the guise of a bank failure.
+1 # On this day in history - March 10Bren1776 2023-03-10 13:56
2000 The dotcom bubble bursts when the NASDAQ Composite stock market index peaks at 5408.60
The dotcom boom, which started in 1997, accompanied the advent of countless new Internet-based companies. When the speculative bubble burst, many small investors were affected.
+3 # Most of the banks inside the United States are insolvent ?Garyhines 2023-03-10 13:56
Most of the banks inside the United States are insolvent. Virtually bankrupt.(Zombie Banks) .we will more than likely see more bank failures across the u.s. Bank Runs and bail ins . Will have to see what happens in the coming weeks and months.
# MBS Toxicityunixguru24 2023-03-10 13:40
I did years of research before, during, and after the 2008 mess. Ratings fraud, bank fraud, investor fraud ran rampant. The spark here? You guessed it - mortgage backed securities. Consider this the Bear Stearns precursor.
+12 # Question isjddonahey1990 2023-03-10 13:31
Does this start a domino effect? Or will it remain as just this one?
+5 # RE: Question isGunner 2023-03-10 14:30
No way in hell it is just 1 bank, NO chance. This is just the "tip" so to speak.
+3 # Agreedunixguru24 2023-03-10 15:37
It’s it just a matter of how many and how big.
+7 # RE: UPDATE: Biggest Bank Failure Since 2008 as Regulators SHUT DOWN Silicon Valley BankA706 2023-03-10 13:26
This failure makes it the second largest bank failure in U.S. history after the collapse of Washington Mutual in 2008.

 

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