# Game Over (Game On?) for Financial Markets? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [September 14, 2008, 6:45pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908 "2008-09-14T18:45:10Z")\ **Posts on this page:** 20\ **Page:** 109
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [March 12, 2023, 2:56am UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2161 "2023-03-12T02:56:52Z")
It’s going to be crazy come Monday for sure. ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [March 12, 2023, 1:26pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2162 "2023-03-12T13:26:09Z")
There’s still a lot of noise out there so it’s hard to say who’s really getting pinched by this. Did Oprah lose $500m? Are Harry & Meghan now broke? These are the important questions 🫠 ![ZyizThL7i6Ly](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/7/5/75d2242526bb0291cdfd9746117cf5a48e993a5d.jpeg) ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [March 12, 2023, 9:54pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2163 "2023-03-12T21:54:18Z")
I have been spreading $ across multiple institutions all year, including BoA, but this is genuinely scary what could happen off of SVB. We do NEED a healthy correction so i guess by scary i mean necessary. And if you had to concentrate the effects anywhere the SVB clientelle would be the best place to concentrate it i suppose. ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [March 13, 2023, 11:41am UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2164 "2023-03-13T11:41:39Z")
> Taxpayers will not foot the bill for the rescue plan: The banks that fund the deposit insurance system will pay for any losses incurred from protecting Silicon Valley Bank’s uninsured depositors, with the FDIC charging them a “special assessment,” according to the Treasury. … And those banks can’t / won’t pass costs on to taxpayers? I’m not a banker so I won’t pretend to understand this. But my skepticism is high. > **[FDIC Will Protect All Silicon Valley Bank Deposits After Sudden Collapse,...](https://www.forbes.com/sites/marisadellatto/2023/03/12/fdic-will-protect-all-silicon-valley-bank-deposits-after-sudden-collapse-treasury-says/?sh=5748558d216c)** > > All of the failed bank's depositors will be able to access their funds on Monday—even if their deposits aren't covered by FDIC insurance. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [March 13, 2023, 11:51am UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2165 "2023-03-13T11:51:22Z")
FDIC insures up to $250k. Roku for instance had $487 million in SVB. > **[Roku Says $487 Million of Its Cash, or 26%, Was Held in Failed Silicon Valley...](https://variety.com/2023/digital/news/roku-svb-failed-silicon-valley-bank-cash-1235549817/)** > > About one-fourth of Roku’s cash and equivalents — nearly half a billion dollars — has been held in Silicon Valley Bank (SVB), which was shut down by financial regulators Friday af… Lots of people holding their breath in the finance industry today waiting to see how badly people panic and start pulling money. If you’ve got more than $250k deposited at a single institution this could be a really bad week for you. ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [March 13, 2023, 12:36pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2166 "2023-03-13T12:36:40Z")
Do you really think all banks will get hit this week? I’ll have to make sure things are a bit re-balanced. ---
**Author:** ![LUC1F3R](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/luc1f3r/32/7299_2.png) [@LUC1F3R](https://forums.speedlife.net/u/LUC1F3R)\ **Post date:** [March 13, 2023, 12:55pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2167 "2023-03-13T12:55:52Z")
Probably depends if this spreads like the toilet paper shortage. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [March 13, 2023, 1:06pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2168 "2023-03-13T13:06:57Z")
> [@ultradriver10000](#): > > Do you really think all banks will get hit this week? I’ll have to make sure things are a bit re-balanced. There shouldn’t be a bank run. SVB’s issues were self inflicted and in no way does what happened at SVB mean you should be pulling your money out of M&T or BoA etc, but I don’t trust the masses to think logically at all. And I guarantee you China is popping every lunatic on TikTok saying “PULL YOUR MONEY NOW” to the top of people’s FYP. ![image](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/f/6/f675ff186b405439fd425b13790999defd35ea4e.png) ![image](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/8/a/8afe7a0b383db74ffd21099fc613aa2b9bda88bc.jpeg) ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [March 13, 2023, 1:59pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2169 "2023-03-13T13:59:00Z")
This definitely doesn’t help. At a time we need the president to come out and assure people everything is ok him coming out and saying, “We’re all good” and then running away so he doesn’t have to take any questions is not a good look. ![image](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/1/4/14a8e2f64964c2030ee5327ede44ec5da85bf7ae.jpeg) ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [March 13, 2023, 2:04pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2170 "2023-03-13T14:04:33Z")
One narrative that probably appeals to some of us is that SVB had a bunch rainbow wokies in risk management that didnt know how to not be communists and that is a part of the reason they took on so much risk related to interest rates on those bonds. Hard to say how true that is but if it is, which im sure it did contribute somewhat, then there i no reason why this wont spread. ESG and diversity hires abound. None of them even know what work is let alone what accountability for failure is so this could certainly spread far and wide. ---
**Author:** ![LUC1F3R](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/luc1f3r/32/7299_2.png) [@LUC1F3R](https://forums.speedlife.net/u/LUC1F3R)\ **Post date:** [March 13, 2023, 4:10pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2171 "2023-03-13T16:10:01Z")
![image](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/9/b/9b865b89d2f02ab2c20d5457c4eef6f5e879b314.png) ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [March 13, 2023, 7:24pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2172 "2023-03-13T19:24:14Z")
I notice first republic pays a nice dividend… are these things going to bounce back like fanny and freddy? ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [March 13, 2023, 8:28pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2173 "2023-03-13T20:28:33Z")
Home depot bro took the words outta my mouth > **[Home Depot Founder Tells Americans To "Wake Up" After Silicon Valley Bank...](https://www.zerohedge.com/political/home-depot-founder-tells-americans-wake-after-silicon-valley-bank-collapse)** > > “These banks are badly run because everybody is focused on diversity and all of the woke issues and not concentrating on the one thing they should, which is shareholder returns,” ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [March 14, 2023, 11:35am UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2174 "2023-03-14T11:35:49Z")
> [@bing](#): > > I notice first republic pays a nice dividend… are these things going to bounce back like fanny and freddy? ![buffett](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/9/4/94633b331bd587fb62d98a27490a7aa484b1f845.jpeg) … But there’s also a quote about “catching a falling knife” etc… ![download](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/a/2/a29534dd6aee958c7026e1fd0536f143b23ea532.jpeg) ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [March 14, 2023, 12:24pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2175 "2023-03-14T12:24:17Z")
![image](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/d/2/d251f927e5aa1a0ac65c8c9d43d982590f577b71.jpeg) Too late bro ---
**Author:** ![drvnkd](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/drvnkd/32/109615_2.png) [@drvnkd](https://forums.speedlife.net/u/drvnkd)\ **Post date:** [March 14, 2023, 1:31pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2176 "2023-03-14T13:31:32Z")
![Screenshot_20230314_093011_Instagram](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/5/2/520cbea9e6d88e79cc86e8bf5eae0eceb554344b.jpeg) ---
**Author:** ![ultradriver10000](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ultradriver10000/32/7397_2.png) [@ultradriver10000](https://forums.speedlife.net/u/ultradriver10000)\ **Post date:** [March 14, 2023, 8:59pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2177 "2023-03-14T20:59:37Z")
![image](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/3X/4/1/41355a9c605ca2fbd1f787388925dab37b53a508.png) Might be a good buy still lol ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [March 15, 2023, 1:45pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2178 "2023-03-15T13:45:51Z")
Not brave enough to go nuts on this but I threw some money split between FRC and WAL at the opening bell. “Be Greedy When Others Are Fearful” -Warren Buffett ---
**Author:** ![LUC1F3R](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/luc1f3r/32/7299_2.png) [@LUC1F3R](https://forums.speedlife.net/u/LUC1F3R)\ **Post date:** [March 16, 2023, 7:47pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2179 "2023-03-16T19:47:35Z")
Could have got in on rep bank this morning at $20…now trading at 38 :smh: ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [March 17, 2023, 4:29pm UTC](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908/2180 "2023-03-17T16:29:53Z")
Yeah that would have been nice. All of these energy stocks have been shitting off heavily and are paying nice dividends now. But again, that falling knife is a bitch and a half. Im seeing lots of reits now north of 10% dividends now that they have pulled back large. Mind you that usually means a cut is coming. [Previous page](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908.md?page=108) [Next page](https://forums.speedlife.net/t/game-over-game-on-for-financial-markets/54908.md?page=110)