And so it begins

[BH-ATL]

I'm trying to cash a check..and all my local truism banks dont have enough cash on hand..on hold currently with 3rd location...check is only 12.5k

My credit union wasn't sure it had $6k in cash when I needed it to by a car. It took a while for them to find it.

 

[kodis556]

With all the trouble SVB was in how did they give out bonuses hours before collapse and the CEO sell $3.6 million in stock just prior.

Same way he did it in 2008 when he was an officer at Lehman Bros. right before THEY crashed...SMH

 

[lostchild]

I'm just saying I get the viewpoint. I wish people wouldn't cause shortages due to panicked reactions but that's the reality we are stuck with.

This thread and anyone who's told about it is a drop in the bucket. If it hits mainstream media and they need a good distraction or just want to induce more fear and panic, then it's usually inevitable.

We can look at the writing on the wall and be against it at the same time. I don't want my stance to be misinterpreted. I won't be making a run to the bank. But that's also because I've been fortunate enough to have the means to be prepared for something like this and hopefully float on through whatever idiocy may ensue.

I always try to panic early and avoid the later rush. That way I’m not caught short and can avoid later waiting in long lines to acquire the item(s) in shortage du jour.

 

[lostchild]

With all the trouble SVB was in how did they give out bonuses hours before collapse and the CEO sell $3.6 million in stock just prior.

Good planning and awareness of the coming collapse.

 

[hikingthehills]

It all happens due to panicking account holders rushing to the bank to draw out all their money. Do you really think that encouraging that panic is a good idea? 1929 and the Great Depression would never have happened if not for people panicking.

A run on the banks is exactly what this thread is encouraging.

Sometimes shouting fire in a theatre is warranted when there's a fire.

 

[BHPSteel]

Good planning and awareness of the coming collapse.

Let's not forget that senior officers of SVB sold large numbers of shares about 2 weeks ago.

 

[Nuke And Juke]

Single largest bank failure since 2008.

Regulators close Silicon Valley Bank in largest failure since financial crisis

Silicon Valley Bank has been closed by the FDIC after the bank failed to raise fresh capital and stem deposit outflows that sent the institution into crisis this week.

finance.yahoo.com

Hold on a sec...
There is no indication that this single bank will cause a chain of reaction. Bank Failure of 2008 cannot be compared to SVB fallout. That's like saying an ice cuve in my cup can sink a titanic. This is totally uncalled for

 

[lostchild]

Hold on a sec...
There is no indication that this single bank will cause a chain of reaction. Bank Failure of 2008 cannot be compared to SVB fallout. That's like saying an ice cuve in my cup can sink a titanic. This is totally uncalled for

The ODT brethren know no limits….

 

[Nuke And Juke]

Banks do fail. Although most failed in 2008 thru 2012, it doesnt mean the apocalypse

 

[Nuke And Juke]

Im advising the opposite...you should be buying First Republic Bank Stock (FRC) at $27, that is a steal of the century considering the book value of the assets they are holding.

This is an opportunity to buy...not be afraid