Recent comments in /f/wallstreetbets

VisualMod t1_jdec6n7 wrote

Reply to Is it possible to artificially start a bank run? by ScaleAppropriate

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VisualMod t1_jddxyfe wrote

Reply to Bitcoin or Barclays in a crash? by VolatilityMarkets

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>TL;DR: Bitcoin is more volatile than Barclays, but the odds of losing more than 40% in a crash are about the same.
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Aarschotdachaubucha t1_jddwgvr wrote

Reply to comment by mattenthehat in 4 Trillion dollar corrective response by Theorysquatch

They're moving it from one bank to another in most cases. In the cases where its being spent down (i.e. a lot of the startups that are burning VC cash on payroll, OPEX/CAPEX, etc.) that money was going into the economy either way, regardless of which bank it sat at.

What is happening though is a bunch of banks are getting defacto taxed to cover SVB and Signature's shortfalls on asset sales just to make sure those depositors can move banks, and that money that gets taxed will be replenishing the empty FDIC piggy bank for insurance. For the banks not affected by SVB, they're recapitalized with the funds they've borrowed, and then pay it back with minor interest to Treasury which gets to use it against the US budget anyways.

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Calm_Leek_1362 t1_jddtvh5 wrote

Reply to Why This Banking Crisis Won’t Wreck the Economy by unbounded-dot

This is getting spooky how much like 2007 this is. I want to believe them, but bankers are fucking stupid and will take every single life line and try to gamble them on more gains, because they still get their bonuses even if they collapse the bank.

It took $300 billion just to get through last week. Why the fuck would anybody think the banks are ok, or this is over?

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