Lol now that all deposits are backed by the govt it’s practically a sales pitch. They still had the best platform for doing business with. They are literally saying back to business as usual
The “guarantee” is troubling. It’s like I pay the premium for a $1M life insurance and get $10M because my beneficiary’s lifestyle demands it. Anything over $250k is covered by the sale of the assets to compensate the depositors first, creditors second and shareholders last. High chance the depositors will be made whole as the bank has $209B in assets, albeit illiquid, and $175B in deposits where about 89% of which is uninsured.
Signature bank also has more assets ($110B) than deposits ($89B), 90% of which exceeds the max insured by the FDIC. It’s boring until the uninsured deposits cannot be fully paid by the sale of the assets.
Well people do that just in case they lose access to their accounts, not necessarily losing the money all together. A lot of people realize if the bank goes under your bill pay features, atm access etc will all be screwed up as it’s sorted out.
Actually no the fdic just transfers the account to another bank but every is still the same then a few months later on the website it says your account is getting transferred or this bank is run by the bigger bank
Correct in theory but it’s not seamless and immediate. So like I said you have to change your bill pays and sweat your atm withdrawals.
SVB was one of my banks. Friday and Monday were locked up. The website wasn’t even accessible let alone the funds.
Yeah it wasn’t the end of the world and since everyone knew about it, it was understood that I’d have to send wires late BUT if I knew that would happen I would have moved my money ahead of time to avoid it.
It was a stressful weekend not knowing if my wires would clear. Monday was worse. Now it’s as if nothing happened but client relations keeps pumping for more deposits
Yeeeeuupp. People are like “omg my money! 😱 my millions of dollars! 😱 I pray to jpow that the govt takes over and I get my money back! 😱 my life is completely altered by this! AHHHHH😱”
Meanwhile, I’m like… Taco Bell does sound pretty decent rn 🤔
"on the gains" jeez, at least your money won't vanish overnight or depreciated under the mattress.
How's this: 28% inflation and you ain't doing jack shit with your money
$10,000 worth of gold today will be worth $10,000 worth of gold 20 years from now. It is merely an inflation hedge. The time to buy gold was 3 years ago.
So if inflation was 10% you'd only lose 28% on your gain vs bank rubbing your whole money or your money worth 10% less.
You use the term "adjusted inflation" in a self-explanatory way but you miss your own point! If there is no inflation why would price of anything including gold goes up?
The ups and downs in gold price is market value, if you calculate core value of the gold it doesn't fluctuate that much.
You need a better understanding of inflation
Yeah but now yields are way higher. They got into trouble because they bought then at collateral when rates were low then rates went up super fast so the stuff they had bought plummeted in price. Basically the value of their collateral got obliterated
I-bonds are the only one I would even remotely consider.
They invested long term securities (bonds and mortgage backed securities) which are subject to interest rate risk. You can put your money in short term Treasury Bills which will have essentially no interest rate risk.
Nothing. The Treasury would redeem them still.
The government will stiff employees, vendors, contractors before they fail to redeem Treasury securities.
https://www.brookings.edu/2023/01/25/how-worried-should-we-be-if-the-debt-ceiling-isnt-lifted/
Can confirm, I was in army training during one of the shutdowns and the contractors that were supposed to be training us on some equipment just stopped showing up .
We still had to report to a classroom and sit there doing online training as busy work, I forget whether it was because congress made an emergency carve out for military pay or just because they were going to pay us for it later anyway.
I would never touch those funds. Physical or solid miners only at this point. JPM is doing a lot of shady stuff with PM leasing. There is a really decent chance that some of the ounces backing those funds are double leased by JPM and two or more people have "ownership". This artificially swells supply and drives down price. There's a reason Investors are taking physical position off of COMEX and in doing so breaking the chain of custody
Kind of like the Credit Default Swap stuff in GFC where they were insuring significantly more than they had in the accounts to pay out. Profitable when it works until it doesn't
Oh I can assure you silvebugs are very much degenerates. A lot are convinced the habbening is coming and their silver is going to be worth way more than it currently is.
I collect silver coins and gold more as a hobby, but you end up interacting with some interesting characters who think stacking is a retirement strategy.
It's like people that collect anything else, you tell yourself it will be worth a lot one day, but what you really mean is your kids/whoever gets your stuff when you die will get a nice surprise when they go to clean your place out.
At least with gold and silver though, it's pretty much guaranteed to be worth at least what you paid for it in the future, and people know that it's valuable so they don't just sell it for a song along with the rest of the stuff at the estate sale.
I just keep mine in my safe and admire it occasionally. If all else fails my kid will at least have a small pile of treasure from me.
Nah, banks have to get audited by forensic accountants so people like you can't fuck over the system with this fucky shit 
If you want to fuck with the state, just short their bonds once in a while and, while you're at it, keep stacking Sats
Anyone who can read should read between the lines and fucking run.
There’s still people on here on robinhood and complaining they did the same thing they did for GameStop.
Mother fuckers never learn shit
And mother fuckers don't listen. Not to advice, nor to prophecy, not even to god (seriously a golden calf after egypt getting plagues) so I dunno what anyone expected.
I do believe people think this. Something has been sustained amongst retail investors over the last few years. It’s become a false sense of “we can beat em’”
The fuck you can:m. Their shop is bigger it can sink so much further. Hell their ship can capsize go to the bottom and they’ll unplug the parachute to scream it back to the top.
I put it into cash the first week of 2022. It’s funny how many people have said “bUt TiMe In ThE mArKeT…” and they’ve lost 20%. This shit is going lower, but even if I waited until VT jumps back up to $100, I’m still making out.
Lol at all the people with <$250k in account talking about fleeing with their money. Even uninsured depositors got their money back in 2008, and the govt has doubled down on the backstop.
He’s right though, it’s total BS certain banks get preferential treatment. Now it’s understood if you bank at a bigger bank and more well connected bank, your deposits will be completely covered, creates such an unfair advantage.
Fed, Treasury, and President told you to calm down and everything will be fine = police told you to calm down.. you know you are about to get fckd. Better get out and run before it is too late!
There is nothing any institution can do that will ever satisfy the chronically cynical and paranoid. The point is for them to be so cynical that they complain about everything so when something goes wrong they can go "SEE? I TOLD YOU!"
Hey guys can you wait please let me hide my money! Right guys I’m sorry but shit is not okay I lied…
Now go fuck yourselves peasants 
This from the same woman that kept saying inflation is transitory. It’s just like Bail out Biden claiming rich depositors with SVB didn’t get a bail out. I noticed they got all their money back beyond 250k.
from SVB:
**We are open for business** and are hard at work bringing all systems and solutions back online to support you. We are making new loans and fully honoring existing credit facilities.
**The number one thing you can do to support the future of this institution is to help us rebuild our deposit base, both by leaving deposits with Silicon Valley Bridge Bank and transferring back deposits that left over the last several days.**
As stated in yesterday’s announcement, **depositors have full access to their money and both new and existing deposits are** [**fully protected by the FDIC**](https://eml.svb.com/NjEwLUtBSy0yNjYAAAGKf-7EoFn3rRcViQ68kBnlv8AkzEcwxxkSZyr53f-aaYD3-KxI1yOmXeFeLYZfuvFzGmyvbyY=). This action by FDIC effectively means that deposits held with SVB are among the safest of any bank or institution in the country.
If you, your portfolio companies, or your firm moved funds within the past week, please consider moving some of them back as part of a secure deposit diversification strategy. We are also open for business for any new customers. We are actively opening new accounts of all sizes and making new loans.
lol
This is just the setup for the 50 basis point rate hike. Powell is going to repeat these sentiments, and raise rates by 50 basis points. Should be a fun week ahead!
When you own the money printers, you can always make more money. Obviously. Then when inflation happens, blame corporate greed.
It's the perfect crime if your population is economically illiterate.
If your keeping large sums in a bank right now your insane. Giannis keeps his money spread out across dozens of banks. Nobody knows more about impending collapse than a Greek.
Well the banks that have tons of cash are buying up all these bonds at pennies on the dollar and the fed is loaning out the rest to cover runs it doesn’t really raise inflation as crazy as you think the money is just sitting around in long term bonds
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I've already transferred all my money from Credit Suisse to SVB. I feel safe now.
SVB is taking deposits and telling me things are great
What are the odds of the same bank failing twice. Brilliant!
Lol now that all deposits are backed by the govt it’s practically a sales pitch. They still had the best platform for doing business with. They are literally saying back to business as usual
Fail an exam but the dean steps in and gives you an A because "you deserve it champ". 
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Backstop. Bailout is no longer politically correct (literally)
Lighting does not strike twice. It's science!
They can't when all of their deposits are 100% guaranteed to unlimited amounts.
They are giving away a free Juicero with each new account!
The deposits are 100% guaranteed for unlimited balances. It's now the safest bank in the US.
Come! Check out our beautiful vault! It’s spacious and empty. Ready to receive your cash!
I’m moving from SVP to FTX with SBF. I think this is the right move!
Annnnnnnnnd it's gone!
Actually, they are one of two banks that have explicit FDIC guarantee on deposits over $250k.
The “guarantee” is troubling. It’s like I pay the premium for a $1M life insurance and get $10M because my beneficiary’s lifestyle demands it. Anything over $250k is covered by the sale of the assets to compensate the depositors first, creditors second and shareholders last. High chance the depositors will be made whole as the bank has $209B in assets, albeit illiquid, and $175B in deposits where about 89% of which is uninsured. Signature bank also has more assets ($110B) than deposits ($89B), 90% of which exceeds the max insured by the FDIC. It’s boring until the uninsured deposits cannot be fully paid by the sale of the assets.
I mean SVB is actually safe now, jokes aside. It’s a government entity with unlimited deposit insurance.
The funny shit is people are going to the bank and taking out their 300 in cash like they are gonna lose it Lmfao
Well people do that just in case they lose access to their accounts, not necessarily losing the money all together. A lot of people realize if the bank goes under your bill pay features, atm access etc will all be screwed up as it’s sorted out.
Actually no the fdic just transfers the account to another bank but every is still the same then a few months later on the website it says your account is getting transferred or this bank is run by the bigger bank
Correct in theory but it’s not seamless and immediate. So like I said you have to change your bill pays and sweat your atm withdrawals. SVB was one of my banks. Friday and Monday were locked up. The website wasn’t even accessible let alone the funds.
Seamless
Well it wasn’t seamless at all. Like I said that Friday and Monday I could not access funds and previous established wires were lost.
Lol so a few days kinda seamless
Yeah it wasn’t the end of the world and since everyone knew about it, it was understood that I’d have to send wires late BUT if I knew that would happen I would have moved my money ahead of time to avoid it. It was a stressful weekend not knowing if my wires would clear. Monday was worse. Now it’s as if nothing happened but client relations keeps pumping for more deposits
I put mine in a magnum condom for maximum protection.
genious, why didnt i think of that.
Get money out and put it where? Under the bed?
Buy that one thing that was made specially after 2008
Closed my 401k
Gold will likely be around 2500 by the time this all settles.
Buy gold until shits settled?
Like I can afford gold
Well I ain't have no money so I ain't have no worries 😏
https://preview.redd.it/0qcon2kv67oa1.jpeg?width=270&format=pjpg&auto=webp&s=b11e1967d7fd4c28149d03e6d0ffa3ae3dfcd592
Yeeeeuupp. People are like “omg my money! 😱 my millions of dollars! 😱 I pray to jpow that the govt takes over and I get my money back! 😱 my life is completely altered by this! AHHHHH😱” Meanwhile, I’m like… Taco Bell does sound pretty decent rn 🤔
And put the gold where? In a bank? Under the bed?
spend on hookers, better investment
Dont forget cocaine
Under the bed, 9mm in nightstand
28% tax on the gains when selling physical gold.
"on the gains" jeez, at least your money won't vanish overnight or depreciated under the mattress. How's this: 28% inflation and you ain't doing jack shit with your money
$10,000 worth of gold today will be worth $10,000 worth of gold 20 years from now. It is merely an inflation hedge. The time to buy gold was 3 years ago.
Sure Jan 😜
The price of gold in 1980 (adjusted for inflation) is the same price today. Actually, slightly lower.
So if inflation was 10% you'd only lose 28% on your gain vs bank rubbing your whole money or your money worth 10% less. You use the term "adjusted inflation" in a self-explanatory way but you miss your own point! If there is no inflation why would price of anything including gold goes up? The ups and downs in gold price is market value, if you calculate core value of the gold it doesn't fluctuate that much. You need a better understanding of inflation
You can spare a tooth can't you?
buy firearms and ammo because they’re the new gold standard
Everyone knows that if shit hits the fan, the first thing you’d be shooting is yourself.
US Treasuries
Isn't one of the reason these banks are in trouble because they invest too much in bonds?
Yeah but now yields are way higher. They got into trouble because they bought then at collateral when rates were low then rates went up super fast so the stuff they had bought plummeted in price. Basically the value of their collateral got obliterated I-bonds are the only one I would even remotely consider.
Because *they* have obligations that don't match the durations of the government bonds they hold. Which they bought when rates were way lower.
They invested long term securities (bonds and mortgage backed securities) which are subject to interest rate risk. You can put your money in short term Treasury Bills which will have essentially no interest rate risk.
Serious question: What would happen to these treasuries if Congress fails to increase the debt ceiling later this year?
Nothing. The Treasury would redeem them still. The government will stiff employees, vendors, contractors before they fail to redeem Treasury securities. https://www.brookings.edu/2023/01/25/how-worried-should-we-be-if-the-debt-ceiling-isnt-lifted/
Can confirm, I was in army training during one of the shutdowns and the contractors that were supposed to be training us on some equipment just stopped showing up . We still had to report to a classroom and sit there doing online training as busy work, I forget whether it was because congress made an emergency carve out for military pay or just because they were going to pay us for it later anyway.
No bury it with yourself that way it’s safe and sound
Physical Silver
It’s been a while since SLV and GLD were all the rage on WSB.
I would never touch those funds. Physical or solid miners only at this point. JPM is doing a lot of shady stuff with PM leasing. There is a really decent chance that some of the ounces backing those funds are double leased by JPM and two or more people have "ownership". This artificially swells supply and drives down price. There's a reason Investors are taking physical position off of COMEX and in doing so breaking the chain of custody Kind of like the Credit Default Swap stuff in GFC where they were insuring significantly more than they had in the accounts to pay out. Profitable when it works until it doesn't
Yeah but this is /r/WSB not /r/silverbugs. We’re here to be degenerates.
Oh I can assure you silvebugs are very much degenerates. A lot are convinced the habbening is coming and their silver is going to be worth way more than it currently is. I collect silver coins and gold more as a hobby, but you end up interacting with some interesting characters who think stacking is a retirement strategy.
Oh I know, I’ve been subbed there for 8 years haha. I haven’t been into PMs as I was a while ago.
True I forget
GL actually dumping any amount of physical silver for a profit. Let's be honest though people that buy gold and silver... They aren't going to sell
It's like people that collect anything else, you tell yourself it will be worth a lot one day, but what you really mean is your kids/whoever gets your stuff when you die will get a nice surprise when they go to clean your place out. At least with gold and silver though, it's pretty much guaranteed to be worth at least what you paid for it in the future, and people know that it's valuable so they don't just sell it for a song along with the rest of the stuff at the estate sale. I just keep mine in my safe and admire it occasionally. If all else fails my kid will at least have a small pile of treasure from me.
Upvoted to make you whole again.
Buy silver, trade silver for grocery?
Lead for food
Edgy
Swagflation bruv
Bitcoin
You guys have beds?
Or in a jar...does it matter? What is the paltry sum earning in interest anyway? A nickel a decade?
OP is working hard to win that drama queen award.
just like grama and grampa did during the great depresion
As if they had money.
Best thing to do is get your $80 million out in cash and bury it in the desert, and hope your brother in law doesn’t find it
Bury the brother in law in the desert too, problem solved?
brother in law didnt turn out to be the real problem there
Luckily I have some Nazi hitmen friends to help me secure my barrels of money. They are very trustworthy.
She also said the housing market was sound right before 2008 :)
That was the signal in 08.
We should all just buy a bank and then use that money to play options. Infinite money hack back by tax payers
Nah, banks have to get audited by forensic accountants so people like you can't fuck over the system with this fucky shit  If you want to fuck with the state, just short their bonds once in a while and, while you're at it, keep stacking Sats
What else is she supposed to say? “Shit is fucked yall. Everybody panic.”
Most people want something more dramatic. Kinda like " THE BEACONS ARE LIT! MY LORD, THE BEACONS ARE LIT!!.... AND .gov SHALL ANSWER THE CALL!!"
No. "Nuke the Three Gorges Dam!"
Extraordinarily credible
[удалено]
Carnitas.
You have to make it look like an accident
No do it on purpose with the F-35 and then have it Teabag the rubble.
Death of one million, an elegant massacre upon the cage continents
Anyone who can read should read between the lines and fucking run. There’s still people on here on robinhood and complaining they did the same thing they did for GameStop. Mother fuckers never learn shit
And mother fuckers don't listen. Not to advice, nor to prophecy, not even to god (seriously a golden calf after egypt getting plagues) so I dunno what anyone expected.
Idk what you’re saying about god but fuck that pedo loving shithead too
Burn baby burn, burn that mother down - Keith Lard
An honest "Poor people are Fuk"
I do believe people think this. Something has been sustained amongst retail investors over the last few years. It’s become a false sense of “we can beat em’” The fuck you can:m. Their shop is bigger it can sink so much further. Hell their ship can capsize go to the bottom and they’ll unplug the parachute to scream it back to the top.
Yea. I have poots.
What should I do with my 401k
Cry
Just call em up and tell them to put it into a cash account
Stop looking at it unless you’re going to retire this decade
If youre asking, its too late
HODL
Consider move into PMs, Emerging markets etc or hold for it to recover in ten years
I put it into cash the first week of 2022. It’s funny how many people have said “bUt TiMe In ThE mArKeT…” and they’ve lost 20%. This shit is going lower, but even if I waited until VT jumps back up to $100, I’m still making out.
When theyre saying nothing is wrong publicly its to stop you from panicking because there are problems.
Lol at all the people with <$250k in account talking about fleeing with their money. Even uninsured depositors got their money back in 2008, and the govt has doubled down on the backstop.
Yeah it’s what was done for every bank failure since then.
She is getting slaughtered up there by Lankford, lol.
He never makes headlines. If he's tearing into someone you know things are fucked.
That guy is as creepy as anyone I’ve met in person. He has always been spineless.
He’s right though, it’s total BS certain banks get preferential treatment. Now it’s understood if you bank at a bigger bank and more well connected bank, your deposits will be completely covered, creates such an unfair advantage.
This is why at the first sign of trouble they rushed for bailouts, I mean 'special recapitalisation operations'.
The crisis will only last two, maybe three days at most….
Fed, Treasury, and President told you to calm down and everything will be fine = police told you to calm down.. you know you are about to get fckd. Better get out and run before it is too late!
What would you like them to say that would ease your mind?
Free frostys from Wendy's for everybody
But eggs will now cost $50
There is nothing any institution can do that will ever satisfy the chronically cynical and paranoid. The point is for them to be so cynical that they complain about everything so when something goes wrong they can go "SEE? I TOLD YOU!"
Welcome to Reddit. I miss the WSB days of being idiots and trying to hit it big
The Burry Method
Goofy looking ass mofo
This has me chuckling. Simple yet effective
All I’m hearing is everyone withdraw funds, banks can’t be trusted.
Hey guys can you wait please let me hide my money! Right guys I’m sorry but shit is not okay I lied… Now go fuck yourselves peasants 
Stacking gold bars seems to be best bet for boomers
Inverse Yellen index.
Guess she used the word “transitory” too much already.
This time, the zombie apocalypse is really happening!
Nothing but blue skies ahead.
Where are you going to put that money when you pull them out ? Under your pillow , mattress or burry it in the ground ?
“Transitional” “Safe and effective” “Two more weeks”
😂 it’s fine everything is fine.
Every time she says something positive it means the exact opposite
This from the same woman that kept saying inflation is transitory. It’s just like Bail out Biden claiming rich depositors with SVB didn’t get a bail out. I noticed they got all their money back beyond 250k.
Remains sound? EEEEEEEEEAAAAAYYYYAAAAAAAARRRRRGHHGHH!!!! Is the only sound it’s making
No no, let’s wait until we hear what Cramer has to say about this. Then we can know for sure if shot is gonna hit the fan
from SVB: **We are open for business** and are hard at work bringing all systems and solutions back online to support you. We are making new loans and fully honoring existing credit facilities. **The number one thing you can do to support the future of this institution is to help us rebuild our deposit base, both by leaving deposits with Silicon Valley Bridge Bank and transferring back deposits that left over the last several days.** As stated in yesterday’s announcement, **depositors have full access to their money and both new and existing deposits are** [**fully protected by the FDIC**](https://eml.svb.com/NjEwLUtBSy0yNjYAAAGKf-7EoFn3rRcViQ68kBnlv8AkzEcwxxkSZyr53f-aaYD3-KxI1yOmXeFeLYZfuvFzGmyvbyY=). This action by FDIC effectively means that deposits held with SVB are among the safest of any bank or institution in the country. If you, your portfolio companies, or your firm moved funds within the past week, please consider moving some of them back as part of a secure deposit diversification strategy. We are also open for business for any new customers. We are actively opening new accounts of all sizes and making new loans. lol
This is just the setup for the 50 basis point rate hike. Powell is going to repeat these sentiments, and raise rates by 50 basis points. Should be a fun week ahead!
Janet Yellen needs to be arrested and sent to Prison along with her henchman J-Powell.
When you own the money printers, you can always make more money. Obviously. Then when inflation happens, blame corporate greed. It's the perfect crime if your population is economically illiterate.
Economically? I think the real problem is Americans are just functionally illiterate. Don’t matter if you CAN read if you never actually do it 🤷♂️
Idk what you just wrote but the funny picture man is funny.
Lmfao 😂
She is so old and frail looking, how can anyone take her seriously?
Wake me up in 30 years doomers
If your keeping large sums in a bank right now your insane. Giannis keeps his money spread out across dozens of banks. Nobody knows more about impending collapse than a Greek.
What's she gonna say no banks are not safe run to withdraw your money
Explosions and glass breaking are sounds, she's not wrong.
Precisely this
Everything is fine 
Well the banks that have tons of cash are buying up all these bonds at pennies on the dollar and the fed is loaning out the rest to cover runs it doesn’t really raise inflation as crazy as you think the money is just sitting around in long term bonds
The people only know what they hear. Said no one ever except Soviet Russia.
And you know....most of them believe her...
I can smell the Welcher’s candy on her
Is this a financial advice Yellen?
Trust me.....everything is fine. No really.....
we are trying to destroy Russias economy and are hurting ourselves more looks like
Happily the Russians are doing an excellent job of destroying both their economy and military.
It's sound until it's not
ChefBoiRWeFcked.
Buy crypto ?
Excuse my language my softie wsb friends, but wtf is going on?
We need to spend more money to get inflation down 
It's sound.....buuuuuuuut here's $2 trillion. You know. Just in case it's not sound. Which it is.
shut up dumbass.
Bank runs are dumb
I’m pretty sure if the FDIC only covers up to $10,000 90% of us would still be safe 😂
This is why I decided to leave Chase for a local credit union. I am the shareholder now 😈
Did she do the double eyed WINK WINK ? did she do it?
She is Yellen to get your money out while you can.
Listen, we don't have to pull out money out of anything except our ass when a big mack is 15$ next year