brickolodon Posted March 11, 2023 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
keymomachine Posted March 11, 2023 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
Pseudoty Posted March 11, 2023 Posted March 11, 2023 https://www.eseller365.com/etsy-delays-seller-payouts-silicon-valley-bank/ Quote
iahawks550 Posted March 11, 2023 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
Pseudoty Posted March 11, 2023 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
bigboy61 Posted March 11, 2023 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
Darth_Raichu Posted March 13, 2023 Posted March 13, 2023 1 hour ago, Pseudoty said: Lol at no losses will be borne by the taxpayer. 🤣🤣 Quote
Poison Girl Posted March 13, 2023 Posted March 13, 2023 Yet again, they rush to give the big fish their money back. Quote
exciter1 Posted March 13, 2023 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
brickolodon Posted March 13, 2023 Author 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
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