☰
×
Login Register an account
Top Submissions Explore Upgoat Search Random Subverse Random Post Colorize! Site Rules
22

Vaporized - there goes the first large bank to fall this year as SVB plungs into nothing

submitted by FuckShitJesus to whatever 1.2 yearsMar 10, 2023 13:08:56 ago (+27/-5)     (www.fdic.gov)

https://www.fdic.gov/news/press-releases/2023/pr23016.html

Hope ya'll got your funds out while you could.

..oh, who am I kidding, there are no entrepreneurs on Voat, haha.


27 comments block

sort by: hot new top old low

[ - ] zr855 4 points 1.2 yearsMar 10, 2023 18:59:13 ago (+4/-0)

Looks like if you have over 250,000 in the bank, you're FUCKED. They do provide a nice number for you to call to tell you you're fucked though.

People think bitcoin is a scam. They are literally closing this bank and screwing over anyone with real money there. 250k is NOTHING today. Not even a house.

[ - ] FuckShitJesus [op] 0 points 1.2 yearsMar 10, 2023 20:44:04 ago (+0/-0)

Looks like if you have over 250,000 in the bank, you're FUCKED.

Pretty much always. You've gotta diversify your bank accounts if you have assets.

[ - ] TheNoticing 0 points 1.2 yearsMar 10, 2023 23:22:49 ago (+0/-0)

I don't know what you're talking about, but you can get something nice if small in the south or midwest.

[ - ] knightwarrior41 2 points 1.2 yearsMar 10, 2023 13:54:25 ago (+2/-0)

moar banks to follow

[ - ] FuckShitJesus [op] 3 points 1.2 yearsMar 10, 2023 14:07:16 ago (+3/-0)

IIRC the reserves for banks were set to zero beginning of the coronoahoax emergency powers - were they ever put back at 10%?

[ - ] knightwarrior41 1 point 1.2 yearsMar 10, 2023 14:13:51 ago (+1/-0)

honestly i have no idea but things could get ugly really fast if a cascade domino falls happens

[ - ] Had 1 point 1.2 yearsMar 10, 2023 19:45:17 ago (+1/-0)

Accelerate

[ - ] FuckShitJesus [op] 0 points 1.2 yearsMar 10, 2023 21:02:34 ago (+0/-0)

Accelerate

YES.

[ - ] PearofAnguishJuniorManager 1 point 1.2 yearsMar 10, 2023 21:00:19 ago (+1/-0)

Busy day for my wife, she works for an accounting firm that specializes in biotech companies. Three of her clients had their money in that bank, and they were losing their shit. They kept having her trying to do wire transfers out, no joy. Some asshole had 5 million in there. The man only covers up to 250k. Another kike Oceans 11 caper.

[ - ] FuckShitJesus [op] 0 points 1.2 yearsMar 10, 2023 21:02:02 ago (+0/-0)

Imagine being able to amass $5m, but being so ignorant that you don't protect it by splitting it into 2x different accounts with no more than $250,000.

The complacency of this class.. will be it's downfall.

[ - ] PearofAnguishJuniorManager 0 points 1.2 yearsMar 10, 2023 21:09:44 ago (+0/-0)

Well, he would have had to have 20 accounts, that’s a lot of work. Everyone is so trusting of the thousand dollar shoe kikes. See how they do you? That fucking bank was famous for being THE place to go for start up venture capital, but if they staked you, you had to deposit at their bank. They had a captive depositor base.

[ - ] FuckShitJesus [op] 0 points 1.2 yearsMar 10, 2023 21:10:50 ago (+0/-0)

but if they staked you, you had to deposit at their bank. They had a captive depositor base.

Ironically, only the low IQ morons would actually do this. It's not like it is possible to get caught. No other banks are going to be self-reporting to SVB.

What a bunch of retards. Deserve what they get.

[ - ] AryanPrime 1 point 1.2 yearsMar 10, 2023 13:18:49 ago (+5/-4)

right...
2 week old account

4x downvotes to upvotes

oh look, another kike tryin to promote denegration of Aryans with his "muhjoooooo's" posts and faggot larping

Hey, you openly support the ethnic cleansing of kikes right? since they engage in thsi behavior towards Aryans it's legally allowable for Aryans to engage in "equal acts of violence" to defend themselves

So you support genociding kike filth from planet earth right?

[ - ] FuckShitJesus [op] -1 points 1.2 yearsMar 10, 2023 13:33:53 ago (+5/-6)*

Idiots downvote the username because they are too low IQ to know it's a reference to a cult classic.

You are clearly one of these idiots.

4x downvotes to upvotes

Idiot. Showing some nigger tier math skills right there. If you're gonna make shit up, at least use shit that isn't obviously a lie to anyone who cares to look.

[ - ] SumerBreeze 0 points 1.2 yearsMar 10, 2023 13:36:15 ago (+2/-2)

Hey movie faggotkike, watch this cult classic:
Https://files.catbox.moe/gj93i5.mp4

[ - ] FuckShitJesus [op] -3 points 1.2 yearsMar 10, 2023 13:36:58 ago (+2/-5)

Hi AryanPrime downvote alt.

[ - ] FuckShitJesus [op] -5 points 1.2 yearsMar 10, 2023 13:37:42 ago (+0/-5)

@HeyJames here's another one.

[ - ] HeyJames 0 points 1.2 yearsMar 10, 2023 17:12:33 ago (+0/-0)

Yeah that account tends to follow the high-agression script as well

[ - ] FuckShitJesus [op] -1 points 1.2 yearsMar 10, 2023 20:44:31 ago (+0/-1)

-4 all from AryanPrime and his alts @System this shit is obvious.

[ - ] HeyJames 0 points 1.2 yearsMar 10, 2023 21:08:40 ago (+0/-0)

More and more this place is becoming a real voat simulator lmao

[ - ] FuckShitJesus [op] 0 points 1.2 yearsMar 10, 2023 21:09:34 ago (+0/-0)

The amount of open, blatant voting manipulation by multiple accounts from single users @system allows is probably the #1 reason this place has gone to complete shit.

[ - ] HeyJames 0 points 1.2 yearsMar 10, 2023 21:31:08 ago (+0/-0)

I know that blumen and dangus were caught doing it and honestly only tipped their hand when it became blatant. Will have to keep a lookout to see if I notice any patterns

[ - ] WanderingToast 0 points 1.2 yearsMar 10, 2023 20:41:04 ago (+0/-0)

The search voat banhammer?

[ - ] Had -1 points 1.2 yearsMar 10, 2023 19:48:56 ago (+0/-1)

implying goats live near silicon valley

Nigger do you know where you are?

[ - ] FuckShitJesus [op] -1 points 1.2 yearsMar 10, 2023 20:46:37 ago (+0/-1)

You can't seriously be this ignorant, can you?

SVB is a huge tech investor & HNW bank for all of the US. Names are meaningless.

Fuckin bank had $200b in assets and just defaulted on ~$175b.

Christ, no wonder you Goats are so fucking useless you're completely clueless on the US financial system.

Fuck, man. I'm trying to help you see whats happening in the banking system and your low IQ is holding you back.

[ - ] Had 0 points 1.2 yearsMar 10, 2023 23:23:45 ago (+0/-0)

Lol, like I give a fuck about bloated tech companies pushing DEI or HNW faggots in California losing money. This literally doesn't impact my life in any way.

[ - ] Had 0 points 1.2 yearsMar 10, 2023 23:24:32 ago (+0/-0)

Accelerate nigger. The collapse can't come soon enough.