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

Curly1918 18389 posts Joined: Aug 30, 2017

Posted 7:26 pm on Mar 10, 2023

0

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 13

Is Silicon Valley Bank the canary in the economy’s coal mine?Link Curly1918 7:26pm · 3/10/23
- 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 mistakenNT 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. RidiculousNT 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

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