โ€œI'm not interested in preserving the status quo, I want to overthrow itโ€ - Machiavelli
From where I sit I canโ€™t help but notice the futility. All the โ€œtoo big to failโ€ banks pulling in deposits from the failing regionals is really just a game of musical chairs. ALL the banks have an issue. Pulling your money from svb et all and putting it into another bank is like escaping a burning building and walking calmly into another one that just caught fire.
SVB got bailed out almost as fast as the illegals got shipped out of Marthaโ€™s Vineyard
Fam - Itโ€™s already worse - as soon as they start using words like โ€œhopeโ€ and โ€œspecial purpose vehicleโ€ you should already be running
GM fam ๐Ÿค™๐Ÿผโ˜•๏ธ๐Ÿ‘‹๐Ÿซ‚๐Ÿ’œ About to run out the door for church but wanted to say a quick good morning. Letโ€™s see what bank fail by this afternoon ๐Ÿ˜‚
I mentioned a week or so ago that it felt like something was about to crack. It seems like SVB might be the first canary in the coal mine going down. In my experience - bank runs are much like cockroaches. there is always more than one and it never happens in isolation.
Gm fam ๐Ÿค™๐Ÿผโ˜•๏ธ๐Ÿซ‚ whatโ€™s good? - if Iโ€™m slow to respond itโ€™s bc im making kids choc chip pancakes and whipping up a pour over coffee. I canโ€™t multitask so this is sure to go sideways pretty quick. Send reinforcements ๐Ÿ˜‚
Gm fam ๐Ÿค™๐Ÿผโ˜•๏ธ๐Ÿ’œ๐Ÿซ‚ My 6 y old scored a hat trick in his first game of the season last night โšฝ๏ธ Proud Dad