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Samson Soturian
The Plain Bagel
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Comments by "Samson Soturian" (@samsonsoturian6013) on "Two US Banks Just Failed - What Happened, and What Now?" video.
That was a systemic issue. This stupidity is limited to very specific sectors
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Several goons presented as fact that the Fed will intervene to prevent the collapse of the US economy. All the above is false.
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Because they were the only ones dumb enough to deal exclusively in convertible bonds.
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SVB wasn't a crypto company
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Just think of how retarded it was none of these bankers realized the tech space was a cash burning sector.
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This is why you didn't graduate college
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They were convertable bonds. Half loan, half call option.
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Liar
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It does effect fools YOLOing tech stocks.
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These weren't tiny.
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Stock already collapsed. The time was BEFORE they got shut down.
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Only if you need shock therapy
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@istrumguitars there's worse. There are alleged macroeconomic experts saying the Fed will bail out. The Fed isn't going to. They have said nothing to that effect, and they're busy deleting all the Covidbucks.
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@istrumguitars you can tell who has been YOLOing tech stocks by which talking head is freaking out about this....
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You can tell which famous people are severaged to the tits in tech stocks. They're all lying and stating as fact the Fed will intervene.
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@MrSupernova111 You?
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No insider trading rules about that. Assuming he did have inside knowledge.
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That's not too unusual.
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The US is yet to bail out a bank, unless you count the FDIC Insurance. But that only bails out the customers, not the bank.
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Yes. They were lending exclusively in convertable bonds. That's a loan that comes with an embedded call option. It keeps the interest rate low by embedding a call option into it, meaning SVB still profited even though 3 out of 4 tech startups go bankrupt (YES, it is that bad). Now interest rates are up, tech startups can no longer get loans, stocks are down so the calls are worthless, and the old low interest rate bonds are losing money due to inflation.
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The US government is yet to bail out a bank. FDIC insurance only covers workers salaries and customer deposits.
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@spic0li FDIC IS NOT A BAILOUT. There are fools that are lying and declaring intervention by the Federal Reserve, but that ain't happening
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@spic0li I'll bet a pretty penny you're a thief.
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@spic0li either confess that you are trolling me or I will dox you for the racist remark right here. Right now.
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Shut up
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I wish
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Shut up before we pressgang you into the foreign legion
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You can tell which editors and hedgies are leveraged to the tits in tech stocks based on who is (lying and) saying the Fed must intervene.
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Make stuff?
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