US government steps in and says people with money deposited at SVB will be able to access alltheir money

[BommaliNinnodhala]

https://www.cnbc.com/2023/03/12/regulators-unveil-plan-to-stem-damage-from-svb-collapse.html

[yemdoing]

So tax payer is paying for it ? 

[hyperbole]

4 minutes ago, yemdoing said:

So tax payer is paying for it ? 

$200 billion assets unnayi anta, long term bonds and loans against $150 billion deposits. 

Usually banks ki shortfall of funds unnappudu  feds daggara bonds collateral ga petti loans tesukuntayi anta, mari ikkada enduku ala cheyyaledu anedi point?

edit: just read the full article and this is what they are doing

The Fed facility will offer loans of up to one year to banks, saving associations, credit unions and other institutions. Those taking advantage of the facility will be asked to pledge high-quality collateral such as Treasurys, agency debt and mortgage-backed securities.

 

“This action will bolster the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy,” the Fed said in a statement. “The Federal Reserve is prepared to address any liquidity pressures that may arise.”

 

[hyperbole]

Fed is Turing on the printer I guess to save depositors but looks like the bank is gone, fed will hold on to the bonds that SVB owns

This is the cheapest resolution. If the gov stood their ground and allowed it to get ugly, it would put the whole banking system at risk. No one will go run their local banks tomorrow with an action like this.

[veerigadu]

Lol kyamedyyyyyy…..

[veerigadu]

1 hour ago, yemdoing said:

So tax payer is paying for it ? 

Inkaaaa em expect sesthunnavvv mariiii….to maintain trust in our banking bokka and sollu anukuntaaaa adhe chestharuuu

[BommaliNinnodhala]

1 hour ago, yemdoing said:

So tax payer is paying for it ? 

Looks like it 

fed ki gharam gharam rod

[hyperbole]

38 minutes ago, veerigadu said:

Inkaaaa em expect sesthunnavvv mariiii….to maintain trust in our banking bokka and sollu anukuntaaaa adhe chestharuuu

 

6 minutes ago, BommaliNinnodhala said:

Looks like it 

fed ki gharam gharam rod

SVB shareholders, bondholders or senior staff all lose everything.  What is being protected are depositors.

SVB is not being made whole.  It is still being liquidated.  Depositors are being protected.

fed is buying back the bonds that it sold, SVB hold $90 billion treasury bonds and the loan book will be sold to someone as soon as they find another buyer.

So that companies don’t lose money they have in checking accounts and be able to meet payroll and normal people don’t have their lives screwed up

[BommaliNinnodhala]

The trio also announced Sunday a "similar systemic risk exception" for New York-based Signature Bank, "which was closed today by its state chartering authority," according to the joint statement. "All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer."

[BommaliNinnodhala]

2 minutes ago, hyperbole said:

 

SVB shareholders, bondholders or senior staff all lose everything.  What is being protected are depositors.

SVB is not being made whole.  It is still being liquidated.  Depositors are being protected.

fed is buying back the bonds that it sold, SVB hold $90 billion treasury bonds and the loan book will be sold to someone as soon as they find another buyer.

@pandu123b forget the 350$

[pandu123b]

8 minutes ago, BommaliNinnodhala said:

@pandu123b forget the 350$

idi darunam bro

inka bokka stock market lo pettedi deniki, ❤️da.

halt chesesaru ammanikunda, options lo premium konnolu ki bokka, evadu amminattu mari aa dabbulu anni.

inko thread lo 20k loss ani chadiva..sorry for the loss. bro

[BommaliNinnodhala]

9 minutes ago, pandu123b said:

idi darunam bro

inka bokka stock market lo pettedi deniki, ❤️da.

halt chesesaru ammanikunda, options lo premium konnolu ki bokka, evadu amminattu mari aa dabbulu anni.

inko thread lo 20k loss ani chadiva..sorry for the loss. bro

I think strategy last minute lo dochukunnodu dochukunantha

Nadi kaadu 20k loss- some other guy i think

@Pahelwan2

[Ravi860]

Printer started 

[Pandubabu]

31 minutes ago, BommaliNinnodhala said:

Looks like it 

fed ki gharam gharam rod

Manake rod anna .. 

[Pahelwan2]

4 minutes ago, BommaliNinnodhala said:

I think strategy last minute lo dochukunnodu dochukunantha

Nadi kaadu 20k loss- some other guy i think

@Pahelwan2

Aa dikkumalina dourbagyudini nene shani gadu Wi-Fi laga suttukunnadu nannu.