brickolodon Posted March 11, 2023 Share Posted March 11, 2023 (edited) https://www.cnbc.com/2023/03/10/silicon-valley-bank-collapse-how-it-happened.html Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours Edited March 11, 2023 by brickolodon 1 Quote Link to comment Share on other sites More sharing options...
keymomachine Posted March 11, 2023 Share Posted March 11, 2023 This graf got me: Funds: HEY, you gotta do a bank run because we're worried about a bank run! Quote Link to comment Share on other sites More sharing options...
Pseudoty Posted March 11, 2023 Share Posted March 11, 2023 https://www.eseller365.com/etsy-delays-seller-payouts-silicon-valley-bank/ Quote Link to comment Share on other sites More sharing options...
iahawks550 Posted March 11, 2023 Share Posted March 11, 2023 1 hour ago, Pseudoty said: https://www.eseller365.com/etsy-delays-seller-payouts-silicon-valley-bank/ Wow, that's not good. This should start some more panic financial moves across various sectors. 1 Quote Link to comment Share on other sites More sharing options...
Pseudoty Posted March 11, 2023 Share Posted March 11, 2023 Just now, iahawks550 said: Wow, that's not good. This should start some more panic financial moves across various sectors. It is spreading and there are around 200 Apps that use them as their payment system. Reading about Robinhood users able to exploit the price spread of USDC, they kept it pegged to $1, trades will probably get reversed but it was basically unlimited free money, thus Robinhood suspend USDC last night https://cointelegraph.com/news/usdc-depegs-as-circle-confirms-3-3b-stuck-with-silicon-valley-bank 1 Quote Link to comment Share on other sites More sharing options...
bigboy61 Posted March 11, 2023 Share Posted March 11, 2023 5 hours ago, Pseudoty said: It is spreading and there are around 200 Apps that use them as their payment system. Reading about Robinhood users able to exploit the price spread of USDC, they kept it pegged to $1, trades will probably get reversed but it was basically unlimited free money, thus Robinhood suspend USDC last night https://cointelegraph.com/news/usdc-depegs-as-circle-confirms-3-3b-stuck-with-silicon-valley-bank That bit about Robinhood is just classic lol. Too bad I didn't know about this. I might have exploited it. Quote Link to comment Share on other sites More sharing options...
Pseudoty Posted March 12, 2023 Share Posted March 12, 2023 Quote Link to comment Share on other sites More sharing options...
Darth_Raichu Posted March 13, 2023 Share Posted March 13, 2023 1 hour ago, Pseudoty said: Lol at no losses will be borne by the taxpayer. 🤣🤣 Quote Link to comment Share on other sites More sharing options...
Poison Girl Posted March 13, 2023 Share Posted March 13, 2023 Yet again, they rush to give the big fish their money back. Quote Link to comment Share on other sites More sharing options...
exciter1 Posted March 13, 2023 Share Posted March 13, 2023 12 minutes ago, Poison Girl said: Yet again, they rush to give the big fish their money back. Employees got their bonuses, early. https://www.cnbc.com/2023/03/11/silicon-valley-bank-employees-received-bonuses-hours-before-takeover.html Quote Link to comment Share on other sites More sharing options...
brickolodon Posted March 13, 2023 Author Share Posted March 13, 2023 (edited) https://www.cnbc.com/2023/03/12/treasury-secretary-janet-yellen-says-us-government-wont-bail-out-silicon-valley-bank.html who is to big to fail Edited March 13, 2023 by brickolodon Quote Link to comment Share on other sites More sharing options...
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