Be grateful for the small things...
bigmarh
bigmarh@bigmarh.com
npub1k7cn...rg96
Love.Freedom.Humor.Motivation. There is no fear in love; but perfect love casteth out fear - 1 John 4:18a
Here's the question...
If the Banks have these terms to pay off their depositors,
https://www.federalreserve.gov/newsevents/pressreleases/files/monetary20230312a1.pdf
Then do they, FDIC, need to liquidate all of SVB's assets to fulfill obligations.
#[0]
Let's be real, letting SVB and Signature hold on to their assets and not fire selling them is good for whatever Big Bank (JPMC, Citi) decides to buy those same assets themselves at a discount. This ain't about the depositors, it's about Good Ol' bank consolidation.
SVB is being "bailed out".
Let them liquidate those assets, even if it effects the market. If there isn't enough liquidity let it the prices fall.
Let me grab some of their distressed assets at a discount, in the same way they would do the small guys.
In times of turmoil if you have a long term approach and aren't heavily leveraged you can take advantage of those market opportunities.
If I give you more for an asset than it's worth and charge you less interest than your credit worthiness deserves, is that good business? Or does that fell like I'm showing you love?
Do banks fail in this country without their uninsured depositors getting bailed out?
The narrative of too big to fail to me is really too small to succeed. The Fed trying to soften the blow that they created is always the narrative. The Fed wags the Dog for sure!
It's weird that they find money to bail out VC backed startups and banks, yet can't figure out how to "bailout" the avg. college loan borrower?
Selective bailouts are why BTC exists in the first place...
Just know your reps aren't selecting you.
#bitcoin and chill
No one is going to try to take their money out of the bank tomorrow...
Honestly, most people don't even know that something happened to SVB. They are just living their lives as they did the day before.
The US can thank TikTok/Instagram for the distractions.
#bitcoinandchill
Get your #Bitcoin off the exchanges...
People are finding out that even with the US banking system that money that is not in your custody, is not your money!
The gov't says they are here to protect the little guy, yet the banks are the ones that get bailed out.
GOV'T : The dingy is sinking, let's bail out the yacht...
It's early for some, late for others...whichever end of the candle you burnin! Love somebody today, cuz somebody loves you!