Crash Monday? SVB contagion, VIX spike

[tiddlywinks]

https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/silicon-valley.html

 

[TrailerParkTed]

https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/silicon-valley.html

Full deposit insurance over $250k? I remember a few Elite members dealt with Refco-SIPC?, hopefully the FDIC is moves smother.

“… As the FDIC sells the assets of Silicon Valley Bank, future dividend payments may be made to uninsured depositors…”

 

[Ayn Rand]

It would be interesting to know the names of the depositors/companies that withdrew $42 billion in about 2 days.

"Regulators shuttered Silicon Valley Bank and seized its deposits Friday after depositors withdrew more than $42 billion by the end of the day Thursday."

 

[Arnie Guitar]

"May you live in interesting times"

Win, lose or draw,
you gotta admit, this is fascinating shtuff.

Sam Bankman-Fried,
Now this?
Lotta fraud going on.

 

[mervyn]

"May you live in interesting times"

Win, lose or draw,
you gotta admit, this is fascinating shtuff.

Sam Bankman-Fried,
Now this?
Lotta fraud going on.

capitalism is always built on a massive Ponzi scheme.

 

[Arnie Guitar]

SVB was a VC firm disguised as a bank.

 

[mervyn]

SVB was a VC firm disguised as a bank.

no, SVB is not a VC firm but has lot of VC clients. They are safekeeping the deposits rather conservatively in treasuries. AFS/HTM allocation is wrong.

 

[Ayn Rand]

Clue to look for. Statement before Asian markets open. As an aside - When do Asian markets open?

 

[Laissez Faire]

Black swan events are by definition unpredictable, so we can rule that one out.

With everyone and their dog being a bear it sure warrants some caution towards the short side as it’s getting crowded. By tomorrow and in actionable time we should know. No need to predict right now.

 

[Arnie Guitar]

Option premiums will be fat.