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International Banking Crisis - Update
- Thread starter intel-bank
- Start date
Imo this is being blown out of proportion. US gov won't let the bank fail. Not a bank such as this.
If we were talking about a Ma & Pa local bank sure those go belly up all the time. But not a bank such as this. No way US gov let's it sink.
If we were talking about a Ma & Pa local bank sure those go belly up all the time. But not a bank such as this. No way US gov let's it sink.
Only way I see US not bailing out the bank is if GOP or Conservatives go out of their way like they always do to hurt Americans like refusing to pay debt we already owe with the debt ceiling and in a similar way they will shootdown any proposals for a bail out or make it impossible to bailout the bank.
You mean because the DNC is busy spending money we don't have?
Really? Debt ceiling is about money we already own, not in anyway about future spending.
I was, of course, referring to spending money, borrowed money, to assume the Banks liabilities.
Ah thought you where inferring somthing else.
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Now in my opinion, it’s not so much about the size or makeup up of the bank, “Tech based bank vs. Ma & Pa bank. It’s more dependent upon what happens when Ma & Pa run to the local bank to with draw all their monies. Then we have a cascading problem
Im not smart enough to get into Keynesian economics, or any other type.
Which is why US will not let the bank go belly up. Poses to many risks.
Only way I see US failing to bailout the bank is if a GOP or Conservative group in Congress decides to make it impossible to bailout the bank which will hurt millions of Americas & our allies...
We could fix this very easily. Give them the money to bailout. BUT the conditions are everyone at the top is fired and replaced by people the Government picks until things shapen up. If government is bailing the bank out the gov should have some say in how things are ran like who works "at the top" in the bank until things smooth out. This will also ensure the same bad practices won't happen again.
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Surely a zero or low interest loan would be better than just making it rain.
If we do it the way I am suggesting the US gov then can gain some say or control over the bank, particularly a say in those who run it. This would be the best option. Cut out the disease and fill the hole with competent bankers. Prevent it from ever happen again. Also prevent this from happening to other bank by shunning those who caused it from the banking industry
(Continuation from post above
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Somthing like this should of been done on a much larger scale in 2008. Basicly my suggestion is 2008 bailout plans but with more substance or real world effect that gives the government much more control over these critical and delicate situations which shouldn't be left to the very definition of capitalistic monsters who are not even in it for their investors let alone for the American people.
)Somthing like this should of been done on a much larger scale in 2008. Basicly my suggestion is 2008 bailout plans but with more substance or real world effect that gives the government much more control over these critical and delicate situations which shouldn't be left to the very definition of capitalistic monsters who are not even in it for their investors let alone for the American people.
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BREAKING
Dow falls for a fifth day despite emergency backstop of Silicon Valley Bank: Live updates
The 30-stock index slipped, as did the S&P 500. Both benchmarks managed to contain their losses.
www.cnbc.com
Told yea though it should of been a given:
Quote from articleDow falls for a fifth day despite emergency backstop of Silicon Valley Bank: Live updates
The 30-stock index slipped, as did the S&P 500. Both benchmarks managed to contain their losses.
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SIGNATURE BANK FAILS
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www.reuters.com
I know there's a thread about SVB but I feel like this should be here, perhaps mods would consider making a thread for bank failures as a whole.
This is the second bank which has failed within the past 72 hours.
Regulators close New York's Signature bank, say depositors will be made whole
State regulators closed New York-based Signature Bank on Sunday, just two days after California authorities shuttered Silicon Valley Bank , in a collapse that roiled global markets and stranded billions of dollars of deposits.
www.reuters.com
I know there's a thread about SVB but I feel like this should be here, perhaps mods would consider making a thread for bank failures as a whole.
This is the second bank which has failed within the past 72 hours.
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This is the 3rd largest bank failure in US banking history, after SVB, Washington Mutual being #1.
Did it just get warn in here?... or is it just me. 
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Did it just get warn in here?... or is it just me.
there goes the hopes that there wouldnt be contagion.
Maybe the svb bailouts will help, but at this point people really have the jitters.
The question is, and I fear that many depositors at various banks have, is do we really have the wiggle room in this economy to bail out bank after bank? FDIC only has about 200b to insure the trillions and trillions in deposits in banks. Bailouts have to come from the government. That means we have to spend money or print money on banks, either way, it costs money and it could cost the economy.
Tuesday may make or break us. If CPI is still hot, then rates cannot be reduced and bailouts must be heavily limited.
Add all this onto the fact that the government is currently not able to spend on credit, and that the fight over the debt celing has until June to resolve itself, we could be looking at one bumpy road.