Yeah, the liabilities will still exist, you can't print yourself out of that.
We are at the end of the Liberal World Order. The fed will not be able to increase interest rates, they will back down to keep people employed and to keep the Dems happy for elections and inflation will hit 10%+. Everything economically will collapse by 2024 when the Saudis + OPEC join BRICS and stop taking USD.
ooooooof, somebody will make a phone call to the prince and threaten to smart bomb his entire family, including moms and kids, before that happens my friend.
Dude looks to me like we're doing the skedaddle from the infernal glowbaal corp. leaving the brits with the liabilities and fiat bucks. our brexit moment so to speak
human incompetence is strong and you do have WEF wanting the West off oil as well, so when Biden got into office and he fucked around with oil and fertilizer he deliberately collapsed the economy. You can't fuck around with energy without getting results like this. We are in a complex system and when you dick around with the primary input (energy) everything goes to hell.
The balance sheet has more than enough assets to cover the liabilities.
The only reason the bank was forced to close is because they mismanaged their messaging and triggered a bank run, and they couldn't handle the short term liquidity crunch.
There will be no contagion.
These clowns didn't hedge their interest rate risk, but the balance sheet isn't in Bear Stearns levels of distress.
I'll repeat; everyone is going to be made whole within a week or so.
This story is being mis-reported.
I don't have time to re-post this opinion all over, but you can take this to the bank.
This bank is done with, but the only ones getting hurt are the shareholders, not the depositors.
Their asset duration was a poor match for all their clients constantly burning cash. While the balance sheet looks ok, if they marked their treasuries to market they would be horribly insolvent. That was the issue - they couldn’t sell off their liquid assets at book value in an environment of relatively high interest rates.
But there's no contagion, and their depositors are going to be made whole.
Other banks obviously have the same mark-to-market issues with rising interest rates, but they darn well better be hedged. This means the systemic risk only comes into play if there are counter-party issues with the interest rate swaps.
I've heard that from a couple smart people. I'm beginning to wonder if this is a social experiment. There seems to be something nefarious at work here. Seeing as how HSBC just bought the fucker for less than two bucks I'm looking their way.
They are guaranteeing all deposits... and I am guessing SVB does not have enough money to cover those deposits - so HSBC is 'investing' their own cash ... but it is likely not as bad as here in the US.
And THERE it is. If you check my comment history I predicted this earlier. I wasn't sure which big bank it would be, but knew that one of them would gobble up this smaller bank. This is about consolidation.
Think about what actually happened here. SVB followed the fed's advice and bought up bonds during covid. Now those bonds have lost value due to the rate hikes the fed bankers are doing. And now, one of the very banks intertwined with the Federal Reserve buys the bank they just caused to fail for $1.
This is why it's a stupid idea to let a cartel control your banking system, and that's exactly what the Federal Reserve is.
HSBC is this the same bank that got caught laundering billions of pounds look that shot up I believe they were fined of how much remains unclear to me but I'm sure the pedes will unearth it 👍💪
I stand corrected it's just called KOW TOW bank because UK has so much freedom these days.
Actually you'd probably get a fairer shake under a CCP shell at this point. You stay off their hot button issues and what does china care. UK will arrest you soon for not wanting to fuck tranny men.
I bid 2 £.
Did I win the bidding?
For 2 pounds you are putting yourself legally liable for $100B liabilities. You still want to do it?
What liabilities? They're going to print up a batch of fed bux to pay everything out
Yeah, the liabilities will still exist, you can't print yourself out of that.
We are at the end of the Liberal World Order. The fed will not be able to increase interest rates, they will back down to keep people employed and to keep the Dems happy for elections and inflation will hit 10%+. Everything economically will collapse by 2024 when the Saudis + OPEC join BRICS and stop taking USD.
Precious metals prices are going up.
ooooooof, somebody will make a phone call to the prince and threaten to smart bomb his entire family, including moms and kids, before that happens my friend.
Our diverse military would probably bomb the Sahara in Vegas.
lmao.
Knowing bin Salman, he’ll be at a casino
We are still on the liberal world order until OPEC stops taking USD, when that happens that order is done.
Dude looks to me like we're doing the skedaddle from the infernal glowbaal corp. leaving the brits with the liabilities and fiat bucks. our brexit moment so to speak
Yup, they got 9/11 hanging over their heads. Accountability is coming for SA.
They can’t BRICS until Iran is no longer a strategic rival, as SA has outsourced their defense to the US.
They just did a deal with Iran.
Lmao and china has covid but going beyond Saudi 9-11 independent of perpetrators as allowed to happen in the u.s. just as covid.
What makes you think this isn't planned? They wanted an economic disaster.
human incompetence is strong and you do have WEF wanting the West off oil as well, so when Biden got into office and he fucked around with oil and fertilizer he deliberately collapsed the economy. You can't fuck around with energy without getting results like this. We are in a complex system and when you dick around with the primary input (energy) everything goes to hell.
on point dude. Silicon Valley was bound to crash and burn with the tech bubble and all the rest. someone is dancing to prince 1999
Inflation is already wayyy past 10%.
real inflation yes, not clinton inflation we are using today.
Like 500%.
We are in uncharted territory, my friend.
yeah there goes that lesbian visibility day they were planning so hard.
Pretty sure that's every day in clown world
okey dokey
There is no need for a fed bailout.
SVB's depositors are going to all be fine.
The balance sheet has more than enough assets to cover the liabilities.
The only reason the bank was forced to close is because they mismanaged their messaging and triggered a bank run, and they couldn't handle the short term liquidity crunch.
There will be no contagion.
These clowns didn't hedge their interest rate risk, but the balance sheet isn't in Bear Stearns levels of distress.
I'll repeat; everyone is going to be made whole within a week or so.
This story is being mis-reported.
I don't have time to re-post this opinion all over, but you can take this to the bank.
This bank is done with, but the only ones getting hurt are the shareholders, not the depositors.
Their asset duration was a poor match for all their clients constantly burning cash. While the balance sheet looks ok, if they marked their treasuries to market they would be horribly insolvent. That was the issue - they couldn’t sell off their liquid assets at book value in an environment of relatively high interest rates.
Yup, that's why they failed.
But there's no contagion, and their depositors are going to be made whole.
Other banks obviously have the same mark-to-market issues with rising interest rates, but they darn well better be hedged. This means the systemic risk only comes into play if there are counter-party issues with the interest rate swaps.
This bank run was avoidable.
absolute statements can be problematic considering that some of the depositors may be money launderers or some such.
I'm more addressing the bank's ability to make depositors whole. There is no need for a bailout.
I've heard that from a couple smart people. I'm beginning to wonder if this is a social experiment. There seems to be something nefarious at work here. Seeing as how HSBC just bought the fucker for less than two bucks I'm looking their way.
That would be the best scenario.
Going digital soon
Yes, I will steal 50B and have the feds cover the 100B. Its a win - win.
Obviously,
HSBC sees value in it, so I'm not alone in my quest to own this bank.
The business records and connections alone are seemingly worth it.
They were probably shitting themselves when Musk said he was interested.
dude you should definitely buy it
This is just the UK version of the bank; not the US version.
its chineese
Yeap.
Likely has a better position. Plus, this subsidiary probably also has access to all of the U.S. business records which could be a real bonus.
this is why Musk wanted it. just like twitter
It's a big club, and you ain't in it...
wouldn't want to be
Pretty sure they want all the tech companies owned by a Chinese bank.
Boom!
Hong Kong and Shanghai Banking Corp
No. You aren't a foreign entity buying up US capital.
Do you have the cash or acesset to cover the bad investments?
Does Alex Jones have the cash or assets to pay his civil court fines?
Let me just remind everyone that HSBC stands for The Hongkong and Shanghai Banking Corporation, the native name: 香港上海滙豐銀行有限公司.
( https://en.m.wikipedia.org/wiki/HSBC_(Hong_Kong) )
Also deeply involved in unethical behavior leading up to the 2008 crash.
Name a bank that wasnt.
And money laundering.
Comey.
You’re confusing the Hong Kong/APAC subsidiary with the British bank, which started in BRITISH Hong Kong.
There is no point in explaining it.
Not to you there isn't.
Here's how it goes:
It's a Chyna bank!
No it isn't its British, here is a link.
Fuck off shill that's wikipedia!
It is entertaining watching stuff fail, while you narrate that little is happening. :)
The chi-coms are going to want their money back at some point. I wonder what we'll pay them with.
I’ll go find a British pound, fly to China and give it to Xi just for the opportunity to tell him to fuck off.
But what caliber would you say it in?
Pikachuface.png
They are guaranteeing all deposits... and I am guessing SVB does not have enough money to cover those deposits - so HSBC is 'investing' their own cash ... but it is likely not as bad as here in the US.
They'll be made whole at the bare minimum.
Like Mr Potter!
I would pay some dollars to change Silicon Valley's nickname to Pottersville!!
;)
like Voldemort… with blood sweat and tears of working class taxpayers
It is for SVB UK. Which is only a small part of Silicon Valley Bank's organization under a holding company.
Basically, HSBC is buying the UK bank subsidiary of the holding company. The US bank part is not currently being purchased.
Supposedly SVB has(had?) the assets they just couldnt liquidate fast enough for the run on them. BUT who the fuck really knows what is true.
Chyna
Its not though. It’s HQ is in Hong Kong which is China run.
No. It’s not - that’s a former subsidiary of the same name with the suffix- “Hong Kong”.
HSBC is very much based out of canary wharf in London.
Jesus you really are one ignorant bastard. Cheers then
What if their hq was in London
Yeah imagine if it was in Canary Wharf, London and their board was British that would be nuts right
source?
It used to be a British bank called the Midland bank. It got bought up and got into the laundering game (though it may have been already).
Midland Bank was acquired by HSBC in the early 1990s, before the 1997 British handover of Hong Kong to China.
Yes. But it was basically a shell company before that acquisition.
The legal entity that directly made the acquisition was, but its parent (then still Hong Kong based) was certainly no shell.
https://en.wikipedia.org/wiki/Midland_Bank
What you say might be true (and I may be misinterpreting the intent of what you wrote) but the main bank is based on the English Midland bank.
REEEE logic and reason.
and vv
this tells me that something illegal happened at the bank and those involved do not want it seeing the light of day.
Theft.
money laundering
This is what should have happened here instead of increasing FDIC coverage
Wasn’t HSBC fined for money laundering?
that's my recollection
Seriously 1 pound?
Dang it... I had tree fiddy I coulda spared.
Elon: I might have paid $2
that was big mike
May have absorbed all of the debt too, though. Not sure how UK laws work.
"would you do 83 cents?"
They overpaid. Did they get some change with that?
Just like Twitter. They bought a crime scene.
And THERE it is. If you check my comment history I predicted this earlier. I wasn't sure which big bank it would be, but knew that one of them would gobble up this smaller bank. This is about consolidation.
Think about what actually happened here. SVB followed the fed's advice and bought up bonds during covid. Now those bonds have lost value due to the rate hikes the fed bankers are doing. And now, one of the very banks intertwined with the Federal Reserve buys the bank they just caused to fail for $1.
This is why it's a stupid idea to let a cartel control your banking system, and that's exactly what the Federal Reserve is.
This is a UK bank. NOT the bank in Cali.
gettin close to going going gone. better get your bid in before the close.
Another laundering cartel bank to the rescue
there won't be chairs when the music stops
I honestly thought the headline was written by Babylon Bee and this was satire. Wow.
WAMU!!!!!!!!!!!
Money laundering thieves. Just like the COVID Scam-demic.
We the People will get our day... and they won't like it.
what is even going on
HSBC is this the same bank that got caught laundering billions of pounds look that shot up I believe they were fined of how much remains unclear to me but I'm sure the pedes will unearth it 👍💪
HONG KONG SHANGHAI BANK
now controls the startup ecosystem explicitly, you won't be allowed to even start a business in tech without the approval of hidden hand of CCP
And you guys called me a fag for telling me China Won world WW3 and owns our government.
Is that black pilled enough for you ?
THIS BANK ISNT CHINESE.
Look up HSBC HOLDINGS PLC.
It's a British bank
That's just their name lol
I stand corrected it's just called KOW TOW bank because UK has so much freedom these days.
Actually you'd probably get a fairer shake under a CCP shell at this point. You stay off their hot button issues and what does china care. UK will arrest you soon for not wanting to fuck tranny men.
"I'd buy that for a dollar."
This is some Rothschild shit right here...
This ☝️☝️
But the money was already laundered to the climate startup scams.
"how dare you"
and others
this is leg one of a 'five eyes' deal. BAC, jpm will be bailing out one of theirs soon. With the feds guaranteeing all losses.
HSBC as in Hong Kong and Shanghai banking corporation.
Is the bank in California the same bank thats in the UK?
No, this is the UK legal entity only by the looks of it.
To be clear
OF COURSE China bought it. JFC.
Is this somehow going to get us into a one world digital currency?
Is there anyway off this ride?
I vote we invade Europe before China and the Russians do,,,,,
more like get us out of it