Author Topic: Banks Failing: Is It 2008 Again?  (Read 10392 times)

Offline Onefishtwofish

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Re: Banks Failing: Is It 2008 Again?
« Reply #380 on: March 16, 2023, 07:54:05 PM »
Is it a good idea to buy first republic stock tomorrow morning?

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Re: Banks Failing: Is It 2008 Again?
« Reply #381 on: March 16, 2023, 08:25:53 PM »
Is it a good idea to buy first republic stock tomorrow morning?
This will be priced in.
Only on DDF does 24/6 mean 24/5/half/half

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Re: Banks Failing: Is It 2008 Again?
« Reply #382 on: March 16, 2023, 09:34:26 PM »
This feels kinda like teams helping each other in a sports league

For example?
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Re: Banks Failing: Is It 2008 Again?
« Reply #383 on: March 16, 2023, 09:37:50 PM »
Only on DDF does 24/6 mean 24/5/half/half

Offline Euclid

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Re: Banks Failing: Is It 2008 Again?
« Reply #384 on: March 16, 2023, 09:53:13 PM »

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Re: Banks Failing: Is It 2008 Again?
« Reply #386 on: March 16, 2023, 11:36:57 PM »
https://www.bloomberg.com/news/articles/2023-03-17/banks-toss-first-republic-lifeline-with-yellen-dimon-s-cajoling

https://archive.md/CaV7o

"But thats not guaranteed to work. And there already are signs that the strains in the financial system have yet to abate.
Early Thursday in Zurich, the Swiss National Bank offered Credit Suisse Group AG a $54 billion liquidity lifeline to keep the firm in business as it tries to overhaul operations.
Then later on Thursday, the Fed published data showing how heavily banks are drawing on its assistance.
They borrowed a combined $164.8 billion from two backstop facilities in the most recent week ended March 15. That includes a record $152.85 billion from the discount window, the traditional liquidity backstop for banks. The prior all-time high was $111 billion reached during the 2008 financial crisis"


Serious stuff.
Feelings don't care about your facts

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Re: Banks Failing: Is It 2008 Again?
« Reply #387 on: March 16, 2023, 11:53:36 PM »
"But thats not guaranteed to work. And there already are signs that the strains in the financial system have yet to abate.
Early Thursday in Zurich, the Swiss National Bank offered Credit Suisse Group AG a $54 billion liquidity lifeline to keep the firm in business as it tries to overhaul operations.
Then later on Thursday, the Fed published data showing how heavily banks are drawing on its assistance.
They borrowed a combined $164.8 billion from two backstop facilities in the most recent week ended March 15. That includes a record $152.85 billion from the discount window, the traditional liquidity backstop for banks. The prior all-time high was $111 billion reached during the 2008 financial crisis"


Serious stuff.

At least it's being deployed a lot more preemptively than 2008.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Yehudaa

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Re: Banks Failing: Is It 2008 Again?
« Reply #388 on: March 17, 2023, 11:45:15 AM »

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Re: Banks Failing: Is It 2008 Again?
« Reply #389 on: March 17, 2023, 11:49:47 AM »
That is me on the right and @ExGingi on the left.
Only on DDF does 24/6 mean 24/5/half/half

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Re: Banks Failing: Is It 2008 Again?
« Reply #390 on: March 17, 2023, 12:03:18 PM »
Ink not even wet and the grift is in this stinks @AsherO

Offline 4yourinfo

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Re: Banks Failing: Is It 2008 Again?
« Reply #391 on: March 17, 2023, 12:21:39 PM »
I totally disagree. Non-interest-bearing [business] accounts should have unlimited protection. It's essential for trust in the system for a proper functioning economy. It's ridiculous to burden businesses with the duty of probing and investigating the banks.
Life insurance companies Have ratings - Do you just go to any company with the best price? why should consumers not have to do some due diligence when they go to a bank? Banks have ratings too - I don't see why a consumer cant be required to look out for bank ratings..

Online Yehuda57

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Re: Banks Failing: Is It 2008 Again?
« Reply #392 on: March 17, 2023, 12:23:18 PM »
Life insurance companies Have ratings - Do you just go to any company with the best price? why should consumers not have to do some due diligence when they go to a bank? Banks have ratings too - I don't see why a consumer cant be required to look out for bank ratings..

What rating did SVB have?
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Re: Banks Failing: Is It 2008 Again?
« Reply #393 on: March 17, 2023, 12:25:18 PM »
Life insurance companies Have ratings - Do you just go to any company with the best price? why should consumers not have to do some due diligence when they go to a bank? Banks have ratings too - I don't see why a consumer cant be required to look out for bank ratings..
What rating did SVB have?
https://www.cnn.com/2023/03/14/investing/moodys-us-banks-downgrade/index.html

A bit late to the game
Feelings don't care about your facts

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Re: Banks Failing: Is It 2008 Again?
« Reply #394 on: March 17, 2023, 12:42:43 PM »
Life insurance companies Have ratings - Do you just go to any company with the best price? why should consumers not have to do some due diligence when they go to a bank? Banks have ratings too - I don't see why a consumer cant be required to look out for bank ratings..

Wasn't 2008 enough to prove how trustworthy those rating agencies are?

What life insurance companies have that banks don't have is tougher regulation, capital and reserve requirements (especially in NY). Also true mutual companies (not hybrid Mutual Holding Companies - which IMHO should have never been allowed) are usually inherently stronger than even NY (the most stringent of) State laws require.
I've been waiting over 5 years with bated breath for someone to say that!
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Re: Banks Failing: Is It 2008 Again?
« Reply #395 on: March 17, 2023, 12:50:32 PM »
Wasn't 2008 enough to prove how trustworthy those rating agencies are?

What life insurance companies have that banks don't have is tougher regulation, capital and reserve requirements (especially in NY). Also true mutual companies (not hybrid Mutual Holding Companies - which IMHO should have never been allowed) are usually inherently stronger than even NY (the most stringent of) State laws require.
insurance also has the perception of buying a product quality that matters, banks are not seen that way rather a place to hold cash, but perhaps going forward should be, at least for commercial customers.

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Re: Banks Failing: Is It 2008 Again?
« Reply #396 on: March 17, 2023, 12:51:23 PM »
What rating did SVB have?
rating companies have very little incentive to really adapt to risk. They get paid by the banks

Offline WayBackMachine

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Re: Banks Failing: Is It 2008 Again?
« Reply #397 on: March 17, 2023, 03:52:46 PM »

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Re: Banks Failing: Is It 2008 Again?
« Reply #398 on: March 19, 2023, 01:41:10 PM »
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

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Feelings don't care about your facts