March 11, 20232 yr https://www.cnbc.com/2023/03/10/silicon-valley-bank-collapse-how-it-happened.html Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours Edited March 11, 20232 yr by brickolodon
March 11, 20232 yr This graf got me: Funds: HEY, you gotta do a bank run because we're worried about a bank run!
March 11, 20232 yr 1 hour ago, Pseudoty said: https://www.eseller365.com/etsy-delays-seller-payouts-silicon-valley-bank/ Wow, that's not good. This should start some more panic financial moves across various sectors.
March 11, 20232 yr Just now, iahawks550 said: Wow, that's not good. This should start some more panic financial moves across various sectors. It is spreading and there are around 200 Apps that use them as their payment system. Reading about Robinhood users able to exploit the price spread of USDC, they kept it pegged to $1, trades will probably get reversed but it was basically unlimited free money, thus Robinhood suspend USDC last night https://cointelegraph.com/news/usdc-depegs-as-circle-confirms-3-3b-stuck-with-silicon-valley-bank
March 11, 20232 yr 5 hours ago, Pseudoty said: It is spreading and there are around 200 Apps that use them as their payment system. Reading about Robinhood users able to exploit the price spread of USDC, they kept it pegged to $1, trades will probably get reversed but it was basically unlimited free money, thus Robinhood suspend USDC last night https://cointelegraph.com/news/usdc-depegs-as-circle-confirms-3-3b-stuck-with-silicon-valley-bank That bit about Robinhood is just classic lol. Too bad I didn't know about this. I might have exploited it.
March 13, 20232 yr 12 minutes ago, Poison Girl said: Yet again, they rush to give the big fish their money back. Employees got their bonuses, early. https://www.cnbc.com/2023/03/11/silicon-valley-bank-employees-received-bonuses-hours-before-takeover.html
March 13, 20232 yr Author https://www.cnbc.com/2023/03/12/treasury-secretary-janet-yellen-says-us-government-wont-bail-out-silicon-valley-bank.html who is to big to fail Edited March 13, 20232 yr by brickolodon
https://www.cnbc.com/2023/03/10/silicon-valley-bank-collapse-how-it-happened.html
Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours
Edited by brickolodon