Money Investing megathread extravaganza - Page 886

**DaFace** · 06:35 PM

A place to talk about investing stuff.

VAGOMO 4 LIFE! · 03-10-2023, 03:41 PM

They had to raise 2.25 billion to shore up their balance sheet but no investor was willing to help. Banks make money off of interest rates. If interest rates are high, people don’t wanna take out loans and therefore banks don’t make money

**Buehler445** · 03-10-2023, 03:41 PM

Quote:

Originally Posted by BigBeauford

No, talking about the friend's company. Their CFO was there at the 11th hour trying to pull all their money out.

So your friends company had 50B on deposit there?

KCUnited · 03-10-2023, 03:42 PM

Quote:

Originally Posted by MAHOMO 4 LIFE!

SVB is the second biggest collapse in US History with 203 Billion in assets gone.

Sounds like 25% of that was one startup

**DaFace** · 03-10-2023, 03:43 PM

Quote:

Originally Posted by MAHOMO 4 LIFE!

SVB is the second biggest collapse in US History with 203 Billion in assets gone.

Again, they're not all gone. There's a big difference between "we can't pay our creditors" and "we literally have no money."

BigBeauford · 03-10-2023, 03:43 PM

Only 2.7% of Silicon Valley Bank deposits are less than $250,000.

Meaning, 97.3% aren't FDIC insured.

Ouch. pic.twitter.com/ZCmtOkZr2d
— Genevieve Roch-Decter, CFA (@GRDecter) March 10, 2023

BigBeauford · 03-10-2023, 03:44 PM

Quote:

Originally Posted by Buehler445

So your friends company had 50B on deposit there?

Something along those lines. Smaller Aerospace company based out of Colorado.

**Buehler445** · 03-10-2023, 03:52 PM

Quote:

Originally Posted by BigBeauford

Only 2.7% of Silicon Valley Bank deposits are less than $250,000.

Meaning, 97.3% aren't FDIC insured.

Ouch. pic.twitter.com/ZCmtOkZr2d
— Genevieve Roch-Decter, CFA (@GRDecter) March 10, 2023

So 250K if the deposits would be covered. So the 97.3% is the percentage of deposits not fully insured, not 97.3% of total deposited funds are not insured.

I think.

Still ****ing bad.

Jesus. I’m getting the shakes just thinking about losing the miniscual amount I have uncovered.

**DaFace** · 03-10-2023, 03:53 PM

Quote:

Originally Posted by BigBeauford

Something along those lines. Smaller Aerospace company based out of Colorado.

I suspect you're hearing some hyperbolic numbers here. Lockheed Martin only has ~$50B in assets, and they're not exactly a "small startup."

BigBeauford · 03-10-2023, 03:58 PM

Quote:

Originally Posted by DaFace

I suspect you're hearing some hyperbolic numbers here. Lockheed Martin only has ~$50B in assets, and they're not exactly a "small startup."

Christ, I've been saying Billion, it's million not billion. Sorry for the accidental hyperbole.

**DaFace** · 03-10-2023, 04:00 PM

Quote:

Originally Posted by BigBeauford

Christ, I've been saying Billion, it's million not billion. Sorry for the accidental hyperbole.

Ha! OK. That makes far more sense.

BigBeauford · 03-10-2023, 04:03 PM

Quote:

Originally Posted by DaFace

Ha! OK. That makes far more sense.

Yeah and that's honestly way worse. That means way more companies are going to get ****ed.

**Buehler445** · 03-10-2023, 04:05 PM

Quote:

Originally Posted by BigBeauford

Christ, I've been saying Billion, it's million not billion. Sorry for the accidental hyperbole.

That makes a little more sense. Not sure it changes the level of horrible.

Jenson71 · 03-10-2023, 04:06 PM

That is some really interesting data on that chart. I wish I could find that somewhere where I can see it.

**DaFace** · 03-10-2023, 04:31 PM

Apparently my work banks with them as well. That's...less than ideal.

Not sure the extent to which we have funds there, but they're at least in the portfolio.

**DaFace** · 03-10-2023, 04:54 PM

Actually, as I dig around a bit, I think they're mostly an investor rather than our "bank." So we're in the assets column rather than the deposits column. Still, could get interesting to see how that plays out.

06-27-2016, 11:23 AM
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $66899	Investing megathread extravaganza A place to talk about investing stuff. Last edited by DaFace; 02-19-2021 at 06:35 PM..
Posts: 52,545

03-10-2023, 03:41 PM	#13276
VAGOMO 4 LIFE! In Search of a Life Join Date: Nov 2018 Casino cash: $6350400	They had to raise 2.25 billion to shore up their balance sheet but no investor was willing to help. Banks make money off of interest rates. If interest rates are high, people don’t wanna take out loans and therefore banks don’t make money
Posts: 21,754

03-10-2023, 03:43 PM	#13280
BigBeauford MVP Join Date: Oct 2012 Location: Lenexa, KS Casino cash: $1896717	Only 2.7% of Silicon Valley Bank deposits are less than $250,000. Meaning, 97.3% aren't FDIC insured. Ouch. pic.twitter.com/ZCmtOkZr2d — Genevieve Roch-Decter, CFA (@GRDecter) March 10, 2023
Posts: 14,404

03-10-2023, 04:06 PM	#13288
Jenson71 fides quaerens intellectum Join Date: Oct 2003 Location: United States Casino cash: $8330900	That is some really interesting data on that chart. I wish I could find that somewhere where I can see it. Last edited by Jenson71; 03-10-2023 at 04:59 PM..
Posts: 15,986

03-10-2023, 04:31 PM	#13289
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $66899	Apparently my work banks with them as well. That's...less than ideal. Not sure the extent to which we have funds there, but they're at least in the portfolio.
Posts: 52,545

03-10-2023, 04:54 PM	#13290
DaFace Kind of a mod Join Date: Aug 2005 Location: Donkey Land Casino cash: $66899	Actually, as I dig around a bit, I think they're mostly an investor rather than our "bank." So we're in the assets column rather than the deposits column. Still, could get interesting to see how that plays out.
Posts: 52,545