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Are more Bank Failures on the horizon in the Biden Economy????

  • Offline flsprtsgod
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#65
03-15-2023, 11:32 AM

(03-15-2023, 11:07 AM)Lucky2Last Wrote:
(03-15-2023, 09:26 AM)The Real Marty Wrote: You're confusing investors and depositors.  Those are not the same thing.  Investors are the owners (stockholders) of the bank.  Depositors are the customers of the bank.  Depositors are insured up to $250,000.  Investors are not.  Depositors are a wide variety of the public, including business owners who have cash in the bank in excess of the insurance limits.  Small businesses often have to have cash beyond the insurance limits in order to meet payroll and pay their suppliers.  Those people are innocent victims.  The investors, on the other hand, will probably be wiped out.  As for the CEO, I don't think he is going to get away with anything.

I just misspoke, but thanks for the lesson, Marty. 

SVB is not a small bank. It was THE bank to go to for tech companies, which is why this is such a problem. The depositors of that bank are the elite among us. But keep telling yourself it's the little guys, just like us.

If it wasn't the tech sector at risk it's likely that they wouldn't be changing the rules. Gotta pay off your capos when the time comes.
“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

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Messages In This Thread
homebiscuit - by homebiscuit - 03-13-2023, 09:25 AM
RE: homebiscuit - by Sneakers - 03-14-2023, 12:36 PM
homebiscuit - by homebiscuit - 03-13-2023, 10:45 AM
RE: homebiscuit - by p_rushing - 03-13-2023, 11:51 AM
RE: homebiscuit - by The Real Marty - 03-13-2023, 12:10 PM
RE: homebiscuit - by KingIngram052787 - 03-13-2023, 01:39 PM
RE: homebiscuit - by The Real Marty - 03-13-2023, 01:49 PM
RE: homebiscuit - by p_rushing - 03-13-2023, 07:57 PM
RE: homebiscuit - by mikesez - 03-13-2023, 08:31 PM
RE: homebiscuit - by p_rushing - 03-13-2023, 09:45 PM
homebiscuit - by homebiscuit - 03-14-2023, 06:45 AM
RE: homebiscuit - by The Real Marty - 03-14-2023, 07:12 AM
homebiscuit - by homebiscuit - 03-14-2023, 07:58 AM
RE: homebiscuit - by Sneakers - 03-14-2023, 12:49 PM
RE: homebiscuit - by p_rushing - 03-15-2023, 12:58 AM
RE: Are more Bank Failures on the horizon in the Biden Economy???? - by flsprtsgod - 03-15-2023, 11:32 AM
homebiscuit - by homebiscuit - 03-15-2023, 01:28 PM
RE: homebiscuit - by WingerDinger - 03-15-2023, 01:32 PM
RE: homebiscuit - by Caldrac - 03-15-2023, 02:15 PM
homebiscuit - by homebiscuit - 03-15-2023, 03:31 PM



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