Is Silicon Valley Bank the canary in the economy’s coal mine?

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Is Silicon Valley Bank the canary in the economy’s coal mine?

Author: Curly1918 (15180 Posts - Joined: Aug 30, 2017)

Posted at 7:26 pm on Mar 10, 2023

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Someone shook our techno-elites’ piggy bank and it was empty

Link: https://www.cnbc.com/2023/03/10/silicon-valley-bank-is-shut-down-by-regulators-fdic-to-protect-insured-deposits.html

Replies to: "Is Silicon Valley Bank the canary in the economy’s coal mine?"

Is Silicon Valley Bank the canary in the economy’s coal mine? [LINK] - Curly1918 - 7:26pm 3/10/23 (13) [View All]
- It's causing some rumbles. I got a call from my advisor. [NT] - BaronVonZemo - 10:59pm 3/10/23
  - Makes you wonder if the non-committed cash-like stuff should be moved to an insured account. [NT] - NedoftheHill - 12:35am 3/11/23
    - Cash, yes. But the securities seem to be the issue. - BaronVonZemo - 8:56am 3/11/23
- Hopefully not. It was a bit of a special case. - Iggle - 8:09pm 3/10/23
  - Looks like you finally read the article I posted…your summary is correct. [NT] - TyroneIrish - 9:14pm 3/10/23
    - Mate, if you think I read cnn for financial news you are mistaken [NT] - Iggle - 3:40am 3/11/23
- They're a small bank that made some bad choices...enhanced by internet calls for customers to [LINK] - TyroneIrish - 7:55pm 3/10/23
  - This is the 16th largest bank in the US… - Domer From Hell - 12:13am 3/11/23
    - Yes and Tyrone says it's a small Bank. Ridiculous [NT] - lmcdonald - 3:33pm 3/11/23
  - They're not small. Second largest failure ever. [NT] - Iggle - 8:10pm 3/10/23
    - Correct. 18th largest Bank in The USA. Not small at all. [NT] - Hensou - 9:13pm 3/10/23
      - 'Small' as in 'Niche'...their clientele is very limited...lot's of money, but not affecting many - TyroneIrish - 9:48pm 3/10/23
    - Read the article...btw, how was the flight? [NT] - TyroneIrish - 8:57pm 3/10/23