elle
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Post by elle on Mar 13, 2023 7:55:17 GMT -6
And things keep going.
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elle
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Posts: 17,689 Likes: 113,332
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Post by elle on Mar 13, 2023 8:08:29 GMT -6
Twitter is such trash now, so hard to find any real information even under the appropriate tags.
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elle
Ruby
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Post by elle on Mar 13, 2023 8:20:35 GMT -6
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beatch
Amethyst
My ass is self-sufficient
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Post by beatch on Mar 13, 2023 9:36:44 GMT -6
This thread is unbelievable. So a bunch of tech dudes over Slack caused a bank run, and this guy lacks introspection to NOT post about it on Twitter! 😳
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elle
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Post by elle on Mar 13, 2023 9:45:44 GMT -6
Right? Peter Thiel casually suggests people should get their money out of SBV and causes a run on the bank because they all get spooked. And now it's having a cascade effect across the entire banking sector. It's 2008 all over again.
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Post by ldubhawksfan on Mar 13, 2023 10:00:20 GMT -6
WTF is happening?! My gosh
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Post by carmensandiego on Mar 13, 2023 10:14:30 GMT -6
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Post by carmensandiego on Mar 13, 2023 10:18:18 GMT -6
There is a conversation going on over at Twitter about whether this was preventable.
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byjove
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Post by byjove on Mar 13, 2023 10:39:51 GMT -6
This thread is unbelievable. So a bunch of tech dudes over Slack caused a bank run, and this guy lacks introspection to NOT post about it on Twitter! 😳 It would be nice if there was some amount of accountability!
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cnf
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Post by cnf on Mar 13, 2023 10:45:26 GMT -6
Right? Peter Thiel casually suggests people should get their money out of SBV and causes a run on the bank because they all get spooked. And now it's having a cascade effect across the entire banking sector. It's 2008 all over again. So some millionaires trying to keep their money over the cost of anything else and anyone else screwed everyone else. Sounds about right.
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beatch
Amethyst
My ass is self-sufficient
Posts: 7,072 Likes: 63,399
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Post by beatch on Mar 13, 2023 11:11:18 GMT -6
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beatch
Amethyst
My ass is self-sufficient
Posts: 7,072 Likes: 63,399
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Post by beatch on Mar 13, 2023 11:13:33 GMT -6
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sweetpea
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Post by sweetpea on Mar 13, 2023 11:20:51 GMT -6
Twitter is such trash now, so hard to find any real information even under the appropriate tags. My mortgage and some savings is with one of these banks, this is not what I wanted to see on a Monday morning
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athn64
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Post by athn64 on Mar 13, 2023 12:16:59 GMT -6
This is such a mess. Another example of how capitalism is not a great policy, and affects the little people more than anyone.
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fatpony
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Post by fatpony on Mar 13, 2023 12:44:07 GMT -6
The amount of effort it took me to not roll my eyes at the customer who just came in to ask why his hold hasn't come in for the new Desantis book. The asshole doesn't believe in libraries. But yes, we purchased it so you can borrow it.
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elle
Ruby
Posts: 17,689 Likes: 113,332
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Post by elle on Mar 13, 2023 13:54:51 GMT -6
Twitter is such trash now, so hard to find any real information even under the appropriate tags. My mortgage and some savings is with one of these banks, this is not what I wanted to see on a Monday morning I'm sorry, that is definitely not something you want to read about on a Monday or any other day for that matter. Fwiw I don't forsee other banks failing in turn, only that their stock is being affected short term because everyone is so skittish. 🤞
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Post by SweetPotato on Mar 13, 2023 14:37:34 GMT -6
I can’t read the twitter thread so maybe I’m missing important context, but I’m uncomfortable taking this position across the board.
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byjove
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Post by byjove on Mar 13, 2023 14:52:47 GMT -6
I can’t read the twitter thread so maybe I’m missing important context, but I’m uncomfortable taking this position across the board. The tweet is referencing the likely instigator (or major contributor) of the bank run.
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Post by goldenbird on Mar 13, 2023 14:55:13 GMT -6
How much money would this be and what does it mean? Like just straight cash in a checking account?
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Post by goldenbird on Mar 13, 2023 14:55:29 GMT -6
I can’t read the twitter thread so maybe I’m missing important context, but I’m uncomfortable taking this position across the board. The tweet is referencing the likely instigator (or major contributor) of the bank run. Ah I see
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Post by SweetPotato on Mar 13, 2023 15:03:17 GMT -6
I can’t read the twitter thread so maybe I’m missing important context, but I’m uncomfortable taking this position across the board. The tweet is referencing the likely instigator (or major contributor) of the bank run. The context I figured I was missing. Thanks! And a hearty fuck that guy
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elle
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Posts: 17,689 Likes: 113,332
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Post by elle on Mar 13, 2023 15:30:43 GMT -6
I think I may have a rage stroke. Wtf.
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AmyG
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Post by AmyG on Mar 13, 2023 16:05:15 GMT -6
wtf
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Post by coconutbacon on Mar 13, 2023 16:12:08 GMT -6
I think I may have a rage stroke. Wtf. Just seriously wtf. I can’t believe they are seriously arguing that if the SVB board was all white men, none of this would have happened. I mean I guess I can, because this is the Republican Party in the USA, but wow. 😡
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Post by goldenbird on Mar 13, 2023 16:32:20 GMT -6
What the actual fuck?? 🤬🤬🤬
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mrsweasley
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Member is Online
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Post by mrsweasley on Mar 13, 2023 16:49:52 GMT -6
The Ohio ballot board approved language submitted for a proposed citizen initiated ballot measure protecting reproductive freedom! Soon it'll be time to start collecting signatures You know the reason they want 60% instead of 50%+1 and petitions to have signatures from all 88 counties instead of 44 is to try and stop this 😒
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Post by enchanted on Mar 13, 2023 16:50:20 GMT -6
Right? Peter Thiel casually suggests people should get their money out of SBV and causes a run on the bank because they all get spooked. And now it's having a cascade effect across the entire banking sector. It's 2008 all over again. I loathe that man. So much.
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Post by enchanted on Mar 13, 2023 16:54:18 GMT -6
I think I may have a rage stroke. Wtf. Just seriously wtf. I can’t believe they are seriously arguing that if the SVB board was all white men, none of this would have happened. I mean I guess I can, because this is the Republican Party in the USA, but wow. 😡 Who the fuck does this dumbass think was on ALL THE DAMN BOARDS in 1929? Motherfucking asshat.
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jkjacq
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Post by jkjacq on Mar 13, 2023 18:20:15 GMT -6
The Ohio ballot board approved language submitted for a proposed citizen initiated ballot measure protecting reproductive freedom! Soon it'll be time to start collecting signatures You know the reason they want 60% instead of 50%+1 and petitions to have signatures from all 88 counties instead of 44 is to try and stop this 😒 Idaho has this very bill in play right now, AFTER they took it to the Idaho SC. and the court said nah.
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kbw
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Post by kbw on Mar 13, 2023 18:56:42 GMT -6
Yeah I’m on edge with the banking news. I’m in insurance industry and 2008 was horrible for that industry.
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