Search found 1694 matches

by Maddy
Thu Mar 16, 2023 10:12 am
Forum: Politics
Topic: Jan 6 footage on Tucker
Replies: 35
Views: 38160

Re: Jan 6 footage on Tucker

jalanlong wrote:
Thu Mar 16, 2023 9:00 am
. . . until you get frustrated and throw in the towel.
I've concluded that that's the point.
by Maddy
Thu Mar 16, 2023 10:09 am
Forum: Other Discussions
Topic: Trying to Understand Wide Divergence in Quotes Between Platforms
Replies: 2
Views: 1595

Re: Trying to Understand Wide Divergence in Quotes Between Platforms

Thanks, Jalanlong. I think you're right. I looked closely at Fidelity's numbers this morning (as detailed in its "Positions" section), and it does appear that it's showing yesterday's data until about 9:45 EST. Even after that time, market prices are delayed significantly, so if you're interested in...
by Maddy
Wed Mar 15, 2023 9:38 am
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 346764

Re: Silicon Valley Bank Failure

So... Is it stupid to have money in any bank that isn't one of these? "Systemically important": Meaning what? That the reach of their malfeasance has become so extensive that the federal government has no realistic choice but to continue propping them up? There are a number of commentators, one of ...
by Maddy
Tue Mar 14, 2023 12:40 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 346764

Re: Silicon Valley Bank Failure

While the FDIC was stepping in to make all depositors whole at SVB, the Fed was setting up the lifeline for all depository institutions called the Bank Term Funding Program. Pretty cool, they will make term loans to institutions on assets AT PAR. So if a bank holds a bond or MBS portfolio that has ...
by Maddy
Tue Mar 14, 2023 11:15 am
Forum: Politics
Topic: Jan 6 footage on Tucker
Replies: 35
Views: 38160

Re: Jan 6 footage on Tucker

Xan wrote:
Tue Mar 14, 2023 7:54 am
Sorry, Vinny, I may have been unclear.
Nothing unclear here.
by Maddy
Tue Mar 14, 2023 11:14 am
Forum: Politics
Topic: Jan 6 footage on Tucker
Replies: 35
Views: 38160

Re: Jan 6 footage on Tucker

glennds wrote:
Tue Mar 14, 2023 11:00 am
. . .That people can be both patriots AND insurgents. . .
As a thought experiment, I would ask whether an "insurrection" can occur when the focus of rebellion is an illegitimate government or an unconstitutional exercise of power. Just hypothetically.
by Maddy
Tue Mar 14, 2023 8:52 am
Forum: Other Discussions
Topic: Trying to Understand Wide Divergence in Quotes Between Platforms
Replies: 2
Views: 1595

Trying to Understand Wide Divergence in Quotes Between Platforms

I'm hoping that someone can explain to me why, at any given time, the quotes on particular securities vary so dramatically between platforms. I have money at Fidelity and Ameritrade and use both of those platforms to monitor what's going on in the market. This morning, I was (once again) stunned by ...
by Maddy
Tue Mar 14, 2023 7:58 am
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 346764

Re: Silicon Valley Bank Failure

Long before its epic collapse, Silicon Valley Bank (SVB) was a darling of the left. It allied in cash and manpower with a liberal nonprofit run by California Gov. Gavin Newsom's wife and fully embraced the environmental, social and governance (ESG) platform now being banned in some red states, whil...
by Maddy
Mon Mar 13, 2023 4:58 am
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 346764

Re: Silicon Valley Bank Failure

Silicon Valley Bank's chief administrative officer, Joseph Gentile, was the CFO for Lehman Brothers Global Investment Bank.
https://mishtalk.com/economics/the-stun ... ks-failure
by Maddy
Sun Mar 12, 2023 7:12 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 346764

Re: Silicon Valley Bank Failure

Vanguard is Silicon Valley Bank's largest shareholder. https://investorplace.com/2023/03/5-investors-that-are-betting-big-on-silicon-valley-bank-sivb-stock/ VTI is among the funds affected, though minimally. https://www.morningstar.com/articles/1143550/which-funds-are-taking-the-biggest-hit-on-silic...
by Maddy
Sun Mar 12, 2023 3:41 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 346764

Re: Silicon Valley Bank Failure

Some interesting observations from Bill Ackman: The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @...
by Maddy
Sun Mar 12, 2023 12:58 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 346764

Re: Silicon Valley Bank Failure

The more I read, the more I realize how deeply involved this bank was in the whole ESG thing. https://www.breitbart.com/clips/2023/03/12/bernie-marcus-woke-silicon-valley-bank-was-more-concerned-about-global-warming-than-shareholder-returns/ One astute guy on the internet asked a very good question:...
by Maddy
Sun Mar 12, 2023 10:03 am
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 346764

Re: Silicon Valley Bank Failure

Hedge funds are offering to buy startups’ deposits stranded at Silicon Valley Bank for as little as 60 cents on the dollar, pitching expensive but crucial lifelines to founders unable to access their cash after the lender collapsed yesterday, people familiar with the matter said. Firms better known...
by Maddy
Sat Mar 11, 2023 3:07 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 346764

Re: Silicon Valley Bank Failure

From Jim Rickards: The behavioral and complex dynamics of bank runs and crypto runs are identical with one important difference: Banks have the Fed behind them, cryptos don't. From Tom Luongo: Lots of smoke here that SVB was a directed hit against another stablecoin and the [crypto] infrastructure.
by Maddy
Sat Mar 11, 2023 10:39 am
Forum: Politics
Topic: Socialism - Should we be worried
Replies: 65
Views: 39065

Re: Socialism - Should we be worried

It's an unfortunate aspect of human nature that compels people to keep up with the Joneses. Before the internet and television gone wild, the biggest concern of most social climbers was their next door neighbor's new sports car. Now they have to keep up with imaginary people who do not work and yet ...
by Maddy
Sat Mar 11, 2023 7:30 am
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 346764

Re: Silicon Valley Bank Failure

Here is a partial list of depositors who didn't get out in time: USDC - Crypto Stablecoin run by Circle - Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25% portion of USDC reserves held in cash. While we await clarity on how the FDIC receivership of SVB will impact...
by Maddy
Sat Mar 11, 2023 6:30 am
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 346764

Re: Silicon Valley Bank Failure

It's being reported that Circle, the second largest issuer of Stablecoin, held something like $10 billion in cash reserves at SVB. https://www.coindesk.com/markets/2023/03/10/scrutiny-falls-on-43b-usdc-stablecoins-cash-reserves-at-failed-silicon-valley-bank/ U.S.-based stablecoin issuer Circle held ...
by Maddy
Fri Mar 10, 2023 5:02 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 346764

Re: Silicon Valley Bank Failure

Genevieve Roch-Decter, CFA
@GRDecter

Only 2.7% of Silicon Valley Bank deposits are less than $250,000.
Meaning, 97.3% aren't FDIC insured.
Ouch.
Less than 3 percent of accounts have less than $250,000? Who the heck was depositing money there?
by Maddy
Fri Mar 10, 2023 3:42 pm
Forum: Other Discussions
Topic: Silicon Valley Bank Failure
Replies: 130
Views: 346764

Silicon Valley Bank Failure

From a Twitter thread from yesterday:

"Most people don't realize how crucial Silicon Valley Bank is. Billions of dollars in venture debt. Untold amounts of warrants and convertible notes in early-stage firms. If SVB fails, this could be the Lehman moment for the startup world."
by Maddy
Fri Mar 10, 2023 2:27 pm
Forum: Other Discussions
Topic: Dopa Mucuna
Replies: 1
Views: 345

Dopa Mucuna

Has anyone had any experience with this supplement? It's a naturally-occurring substance that appreciably raises levels of dopamine, the neurotransmitter primarily responsible for motivation and the feeling of well-being. Supposedly it's effective at countering depression, improving cognition and le...
by Maddy
Fri Mar 10, 2023 2:01 pm
Forum: Other Discussions
Topic: Cartel violence ignites calls for U.S. military intervention in Mexico
Replies: 2
Views: 1356

Re: Cartel violence ignites calls for U.S. military intervention in Mexico

Haha. You very funny.

Wasn't somebody saying that the Mexican cartels own Congress?
by Maddy
Fri Mar 10, 2023 1:08 pm
Forum: Other Discussions
Topic: Today's Smackdown
Replies: 0
Views: 892

Today's Smackdown

There is some very good commentary going on this morning regarding today's market action. One of the more interesting theories, and one that's been discussed for a while, pits the Fed and the big banks against the ECB and the WEF/Davos crew, speculating that the Silicon Valley Bank failure is part o...
by Maddy
Fri Mar 10, 2023 10:18 am
Forum: Stocks
Topic: Unequal Sector Coverage in ETFs
Replies: 16
Views: 6188

Re: Unequal Sector Coverage in ETFs

It's not just the sector bias that troubles me. The S&P 500 indices look like a bet on a small handful of popular tech stocks.
by Maddy
Fri Mar 10, 2023 7:13 am
Forum: Politics
Topic: Socialism - Should we be worried
Replies: 65
Views: 39065

Re: Socialism - Should we be worried

When my mother was first getting started, it was common for single people to live in a boarding house. A room with a shared bath and hotplate (if allowed) was the norm. Apparently boarding houses are making a comeback as a commonsense solution to the so-called housing crisis. However, by the looks o...
by Maddy
Thu Mar 09, 2023 1:13 pm
Forum: Politics
Topic: Socialism - Should we be worried
Replies: 65
Views: 39065

Re: Socialism - Should we be worried

In a recent article bemoaning the plight of first-time homebuyers, you had to look at the underlying data to see that their affordability analysis was based on a hypothetical $400,000 home. That was a dead giveway for me. I've worked my ass off all my life and have owned two successive homes that I'...