SVB episode is a big blow to IT sector

[veerigadu]

6 minutes ago, hyperbole said:

this is something put out by FDIC today.

“All insured depositors will have full access to their insured deposits no later than Monday morning, March 13, 2023. The FDIC will pay uninsured depositors an advance dividend within the next week. Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds. As the FDIC sells the assets of Silicon Valley Bank, future dividend payments may be made to uninsured depositors.”

This is procedural but my experience having seen much worse, over the weekend they will find a buyer and on Monday the bank will open with a new name, if not, then we have even bigger problem as $160 billion is a not a small anount and that is money spent by government to bailout all the banks in 2008

Undhiii leeee manchi kalammm mundhuuu mundhuuuu naaaaa

[veerigadu]

8 minutes ago, ramudu said:

gorre sachindi ...

 

more than 50K VC accounts are in limbo with this , if they don't get access to their money soon , tech startups and tech jobs inka 

This might be that final nail in the coffin 

[ramudu]

51 minutes ago, veerigadu said:

This might be that final nail in the coffin 

it's coming .... this is from Garry Tan itself , "30% of YC companies exposed through SVB can’t make payroll in the next 30 days." 

 

 

[pakeer_saab]

18 hours ago, veerigadu said:

IT sector meedha okka positive news kudaaa ledhu in the recent times. Edho thedaaa kodthundhiiii. Zara jagrathhaaa vayyasss. 50$ billion capital nundi billion 10$ ki vacchindhiiiii eeee bank yevvaraaaammmm

Hindenburg should have spent time on finding scumbags here instead of researching on Adani's

there are many such companies in US which are ready to blow off in a day

MBS effect start ayindi for other banks too

[pakeer_saab]

18 hours ago, veerigadu said:

Cash flow problems. They invested too heavily in start ups and loaned a lot to tech companies for a low interest rates. 

With this increased interest rates, they are facing the heat. 

interest rates did not increase in a day, that doesn't sound right

there has to be some other reason like what Lehman saw in short time before crash

 

[pakeer_saab]

1 hour ago, veerigadu said:

Undhiii leeee manchi kalammm mundhuuu mundhuuuu naaaaa

malli cash teesi bed kinda pette time vachindanna maata ??

[Manishican]

1 hour ago, ramudu said:

gorre sachindi ...

 

more than 50K VC accounts are in limbo with this , if they don't get access to their money soon , tech startups and tech jobs inka  

 

anna @Manishican , jobs medha , economy meedha rendu positive words cheppi pooo  

300k jobs added last month. Only jobs in tech companies affected. 

[pakeer_saab]

2 hours ago, veerigadu said:

The question is who would take over? Most of their mortgage portfolio decisions happened when interest rates were very low.

Why would any bank take over the task of providing liquidity to a bank which has less less profits ( due to low interests on those mortgage securities) in the first place. 

gisvonti laktor acquisitions ki always JP morgan steps in, my bet is on JPMC

[pakeer_saab]

1 minute ago, Manishican said:

300k jobs added last month. Only jobs in tech companies affected. 

there was a mass migration towards tech during CV, now these folks are going back to non tech companies

tech will see bad phase like what happened in 2000's

[Manishican]

1 minute ago, pakeer_saab said:

there was a mass migration towards tech during CV, now these folks are going back to non tech companies

tech will see bad phase like what happened in 2000's

We need to see atleast no hiring so that fed will stop raising interest rates. So far it is not happening. There are around 16 million affected by long covid. So may be still lot of hiring happening 

[Pandubabu]

For people saying , fed raising interest rates not affecting. They take time to affect , and aa effect mamuluga undadhamma..

 

[Manishican]

1 minute ago, Pandubabu said:

For people saying , fed raising interest rates not affecting. They take time to affect , and aa effect mamuluga undadhamma..

 

Yes but aa powel idiot is not willing to wait

[Pandubabu]

Just now, Manishican said:

Yes but aa powel idiot is not willing to wait

Em wait anna..,aadini one section baga 10ging for being late on hikes and not hiking enough .

I think now ppl care less if this triggers recession than not hiking and inflation getting out of hand ..

He is taking the safer option ani I feel..

[hunkyfunky2]

3 hours ago, pakeer_saab said:

Hindenburg should have spent time on finding scumbags here instead of researching on Adani's

there are many such companies in US which are ready to blow off in a day

MBS effect start ayindi for other banks too

How they can do it? What SVB did is very conservative investment.  What happened is bad timing and bad messaging by bank.

Some what good intentions backfired spectacularly 

[veerigadu]

3 minutes ago, hunkyfunky2 said:

How they can do it? What SVB did is very conservative investment.  What happened is bad timing and bad messaging by bank.

Some what good intentions backfired spectacularly 

I disagree. They did not diversify their investments. They relied too much on mortgage backed securities.