And now for something really important...SVB failure.

[VitaMan]

Originally Posted by lustylad

Deposits are bank liabilities, not assets.

Yes they are, on the bank accounting books...
They are also referenced in different ways, such as a customer referring to "my deposit", or when a bank purchases another bank and assumes its assets and liabilities, or FDIC deposit insurance. Also there are certificates of deposit which would be asset or a liability, depending how they are being referred to.

Don't know what you are trying to get at with this and your other posts.

However, anytime a poster starts a post with "in other words", they really have little to say.

[lustylad]

Originally Posted by VitaMan

Yes they are, on the bank accounting books...
They are also referenced in different ways, such as a customer referring to "my deposit"...

I'll rephrase: Deposits are bank liabilities and customer assets. Is that clearer?

You mentioned the possibility of another financial institution making an offer to the FDIC for Silicon Valley Bank's assets. I think the FDIC would prefer to find a single buyer for everything, not liquidate the bank by selling assets and paying off liabilities piecemeal.

Originally Posted by VitaMan

Don't know what you're trying to get at with this and your other posts.

I'm asking you to elaborate on what you said below:

Originally Posted by VitaMan

Plus there is private deposit insurance. How do you think Warren Buffett stores his billions of cash?

[the_real_Barleycorn]

Now, they are counting on a bailout of the billionaires by the common folk. Yes! You too can contribute to the welfare of Harry and Megan with your tax dollars. And Oprah (who is counting on those reparations too).

[Why_Yes_I_Do]

Originally Posted by VitaMan

...
As of now insured depositors will have access Monday to their insured deposits dollar for dollar...

We have a saying 'round these here arts: According to whom? As you've already learned, the $250K clip level is chump change to the likes of you, Harry, and Oprah apparently.

Originally Posted by VitaMan

..... another financial institution may make an offer to the FDIC for the bank assets.

So are you saying an "offer" is a dollar for dollar "offer"? Why offer then? What's in it for them? Or are you saying that offering to purchase and own someone else's liabilities is a profitable business at the dollar for dollar rate?

[texassapper]

Originally Posted by Why_Yes_I_Do

So are you saying an "offer" is a dollar for dollar "offer"? Why offer then? What's in it for them? Or are you saying that offering to purchase and own someone else's liabilities is a profitable business at the dollar for dollar rate?

Figuring inflation, even at the dollar per dollar rate, buying those liabilities is profitable.

[nevergaveitathought]

Originally Posted by the_real_Barleycorn

The Silicone Valley Bank failed today. Kaput...gone! People lost their deposits, investments, and retirements. Oh, don't worry, it was only rich people says the left. The left should be worried. Besides being one of the largest collapses since 2008, many important people were touting the value of SVB right up until this month. Washington DC regulators (you know, Biden's crew) were blindsided by events. This bank was also fully invested in ESG practices, you know, Environmental Social Governances. A very left wing philosophy. The CEO and some of the top executives were selling their stock while the getting was good. So...

Why did the regulators fail to see this coming? Was money involved? Was it the incompetence of people more concerned with global warming than people?

SVB is allowed to promote itself even when it is failing. Did the celebrities, government officials, and media personalities take a payoff to give bad advice?

What will this do to the rest of the economy? The Fed is more concerned with diversity than their real jobs.

Did any of our braggart brethren lose their shirts and the their hobby funds?

its trump's fault, he rolled back tons of regulations

just as he did the railroads

not knowing the svb powers that be, but i have said for a very long time that scratch a leftist and find a selfish hoarding money grubber..socialism and marxism is something for you and me to endure..not the elite, same reason cori bush has security at the same time police need defunding...she's important and you arent

and selling shares in the face of a collapse and passing out last second bonuses with other people's money..that's not a lot of virtue

[eccieuser9500]

Originally Posted by nevergaveitathought

its trump's fault,

scratch a leftist and find a selfish hoarding money grubber..

and selling shares in the face of a collapse and passing out last second bonuses with other people's money..that's not a lot of virtue

This is turning into a decent thread.

[VitaMan]

The FDIC announced it will establish a new bank to protect insured depositors and will open no later than Monday. Clients with no more than $ 250,000 are protected by FDIC, and the agency said it will pay an advance dividend to uninsured accounts over the course of next week. It's unclear when those accounts will be able to retrieve all of their money, if at all.

SVB had insurance on corporate sweep accounts for up to $ 125 million.

[eccieuser9500]

Originally Posted by lustylad

I'll rephrase: Deposits are bank liabilities and customer assets. Is that clearer?



I'm asking you to elaborate on what you said below:

[VitaMan]

New Bank is Deposit Insurance National Bank of Santa Clarita.

It will begin paying its insured depositors starting Monday.

[VitaMan]

Originally Posted by Why_Yes_I_Do

We have a saying 'round these here arts: According to whom? As you've already learned, the $250K clip level is chump change to the likes of you, Harry, and Oprah apparently.

So are you saying an "offer" is a dollar for dollar "offer"? Why offer then? What's in it for them? Or are you saying that offering to purchase and own someone else's liabilities is a profitable business at the dollar for dollar rate?

See above

[VitaMan]

Originally Posted by eccieuser9500

Blank post

[VitaMan]

Originally Posted by lustylad

I'm asking you to elaborate on what you said below:

What is below ? I asked the poster "how do YOU think.."

Get it now ? Most of your posts are just trying to be perjorative, adding nothing.

[eccieuser9500]

Originally Posted by VitaMan

Plus there is private deposit insurance. How do you think Warren Buffett stores his billions of cash ?

[VitaMan]

See above

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