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Home > Forums > The Open Forum
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'Small' as in 'Niche'...their clientele is very limited...lot's of money, but not affecting many

Author: TyroneIrish (20472 Posts - Joined: Oct 8, 2020)
Posted at 9:48 pm on Mar 10, 2023
View All

people...definitely affecting only 1%ers and above, i.e. folks who won't be destitute as a result of this failure....as opposed to vast swaths of American financial interests with mortgages in 2008.

Perhaps the investors in SVB will learn how to better recognize and deal with risk...


This message has been edited 1 time(s).

Replies to: "'Small' as in 'Niche'...their clientele is very limited...lot's of money, but not affecting many"

  • 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
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