Slickdeals is community-supported.  We may get paid by brands or deals, including promoted items.
Forum Thread

Silicon Valley Bank Collapse - How Were They Able To Move Money Instantly/Quickly?

879 152 March 14, 2023 at 07:53 AM
Deal
Score
0
1,315 Views

Thread Details

Last Edited by BrianT1548 March 14, 2023 at 08:01 AM
0 Deal Score
1,315 Views
42 billion moved out of this bank in roughly 10 hours. Was it all huge wire transfers that people were paying big bucks for? ACH takes time. How could it not trigger something? Any bank could lose deposits just as quickly and fail if this were to occur again. In half a day any bank could be wiped out.

Silicon Valley Bank's customers withdrew $42 billion from their accounts on Thursday. That's $4.2 billion an hour, or more than $1 million per second for ten hours straight. To put that in context, the previous largest bank run in modern U.S. history took place at Washington Mutual bank in 2008, and totaled $16.7 billion over the course of 10 days.

This bank collapse seems so sus to me. The media keeps talking about the losers.

Will it ever be made public who moved their money out (the winners)? I'd like to know who moved the most. Will we ever see a list of shorts on this bank as well? You could set things up nicely for yourself. With a big pool of cash, you could crash banks from time to time.
About the OP
Joined Dec 2014 L5: Journeyman
152 Reputation Points
2 Deals Posted
32 Votes Submitted
879 Comments Posted

3 Comments

Your comment cannot be blank.

Sign up for a Slickdeals account to remove this ad.

Joined Jan 2012
L6: Expert
> bubble2 1,407 Posts
913 Reputation
jordanz12
03-14-2023 at 11:14 AM.
03-14-2023 at 11:14 AM.
Crazy that social media can tank a bank so quickly. And then ironical the stocks also took a dump yesterday because of it. Thanks social media conspiracy theorists...
Like
Funny
>
Helpful
Not helpful
Reply
Joined Jun 2013
L6: Expert
> bubble2 1,787 Posts
203 Reputation
koge811
03-21-2023 at 08:27 PM.
03-21-2023 at 08:27 PM.
Quote from BrianT1548 :
42 billion moved out of this bank in roughly 10 hours. Was it all huge wire transfers that people were paying big bucks for? ACH takes time. How could it not trigger something? Any bank could lose deposits just as quickly and fail if this were to occur again. In half a day any bank could be wiped out.

Silicon Valley Bank's customers withdrew $42 billion from their accounts on Thursday. That's $4.2 billion an hour, or more than $1 million per second for ten hours straight. To put that in context, the previous largest bank run in modern U.S. history took place at Washington Mutual bank in 2008, and totaled $16.7 billion over the course of 10 days.

This bank collapse seems so sus to me. The media keeps talking about the losers.

Will it ever be made public who moved their money out (the winners)? I'd like to know who moved the most. Will we ever see a list of shorts on this bank as well? You could set things up nicely for yourself. With a big pool of cash, you could crash banks from time to time.
collusion by the elites to cause a bank run as well as management in the bank mishandling the bank through corruption.

smells orchestrated by elites vs elites and asking tax payers to pay for their wrong doings again. same old crime scene. Again tax payers pay for billionaire mistakes and they make out with the loot with no consequences.

fyi we operate on fractional reserve banking and the ratio is historically 10% and was lowered to 0% by the federal reserve 10% means 10% of your deposit exists and 0% means no deposits of yours exists in the bank.

the banks operate this way naturally as they use your money to gamble.
Almost all of them are likely 100x leveraged right now.

So anything going against their gambles are going to tank all of them.
that's a given

lets just say the contagion risk right now is 100x worse than 2008-11.
just because federal reserve is stuck in a box.

they raise rates they blow up more banks
they lower rates they increase inflation risk further.

they raise reserve ratios to 10% they may instantly blow up all the banks because they are degenerate gamblers worse than WSB and trash stonk investors. Lets just call banks that blow up like Credit SUISSE/Debit Suisse, SVB, FRC, signature bank meme banks.

badly run and as long as no one pulls out they are ok. but once they are vulnerable and big boys want them dead they are instantly evaporated.
danger of fractional reserve banking when you get on the bad side of certain elite groups they can vaporize you.
anyway
Ray DALIO diversify your banks do not put them all in one just in case FDIC goes bankrupt as well remember they only hold 150 billion far too low to insure everyone as they will instead need to print money or the NOT QE shall we say it.

reverse repo also gives banks free monies ironic that they would blow up so easily.
Like
Funny
>
Helpful
Not helpful
Reply
Last edited by koge811 March 21, 2023 at 08:34 PM.
Joined Dec 2014
L5: Journeyman
> bubble2 879 Posts
152 Reputation
Original Poster
BrianT1548
03-22-2023 at 06:33 AM.
03-22-2023 at 06:33 AM.
Quote from koge811 :
collusion by the elites to cause a bank run as well as management in the bank mishandling the bank through corruption.

smells orchestrated by elites vs elites and asking tax payers to pay for their wrong doings again. same old crime scene. Again tax payers pay for billionaire mistakes and they make out with the loot with no consequences.

fyi we operate on fractional reserve banking and the ratio is historically 10% and was lowered to 0% by the federal reserve 10% means 10% of your deposit exists and 0% means no deposits of yours exists in the bank.

the banks operate this way naturally as they use your money to gamble.
Almost all of them are likely 100x leveraged right now.

So anything going against their gambles are going to tank all of them.
that's a given

lets just say the contagion risk right now is 100x worse than 2008-11.
just because federal reserve is stuck in a box.

they raise rates they blow up more banks
they lower rates they increase inflation risk further.

they raise reserve ratios to 10% they may instantly blow up all the banks because they are degenerate gamblers worse than WSB and trash stonk investors. Lets just call banks that blow up like Credit SUISSE/Debit Suisse, SVB, FRC, signature bank meme banks.

badly run and as long as no one pulls out they are ok. but once they are vulnerable and big boys want them dead they are instantly evaporated.
danger of fractional reserve banking when you get on the bad side of certain elite groups they can vaporize you.
anyway
Ray DALIO diversify your banks do not put them all in one just in case FDIC goes bankrupt as well remember they only hold 150 billion far too low to insure everyone as they will instead need to print money or the NOT QE shall we say it.

reverse repo also gives banks free monies ironic that they would blow up so easily.
Awesome post. This is what I have suspected all along. Today's Fed decison will be interesting.
Like
Funny
>
Helpful
Not helpful
Reply
Page 1 of 1
1
Start the Conversation
 
Link Copied

The link has been copied to the clipboard.