Elon Musk Warns the Banking Crisis May Lead to Something Bigger

[bhaigan]

 

 

[hyperbole]

11 minutes ago, bhaigan said:

Exactly right. Not just US everywhere in the world

US is much more than any place in the world, after 2nd world war basically they induced this concept of kids after 16 need to leave the house and build their own like rent a house, own a tv, own a fridge, ac and a car etc. In order for the industries to sustain they need ever increasing new consumers for their products and basically banks make the cycle go

[bhaigan]

10 minutes ago, hyperbole said:

US is much more than any place in the world, after 2nd world war basically they induced this concept of kids after 16 need to leave the house and build their own like rent a house, own a tv, own a fridge, ac and a car etc. In order for the industries to sustain they need ever increasing new consumers for their products and basically banks make the cycle go

Agreed

Now everybody copied US model of economy

India lo ayithe BJP is pro capitalistic mentality

[Netflixmovieguz]

Kill free money. Rent annteee boochii aannee rojjuullooo unnaaaammm

[Netflixmovieguz]

1 hour ago, bhaigan said:

The crisis of confidence in banks caused by Silicon Valley Bank's collapse shows no signs of abating. 

That crisis is reflected in the market pressure on regional banks' shares, which have lost billions of dollars of value since March 10. That's when SVB collapsed, becoming the second-largest failure of a bank in U.S. history after the failure of Washington Mutual in 2008.

Emergency interventions by regulators have so far failed to restore calm.

The Federal Deposit Insurance Corp. guaranteed all of SVB's deposits, even those above $250,000, removing the regulatory limit. 

The Fed also created a new loan facility, called the Bank Term Funding Program, designed to safeguard institutions affected by the collapse of SVB.

A Bank Bailout Is Off the Table

The facility provides loans of up to one year in length to banks, savings associations, credit unions, and other eligible depository institutions that pledge U.S. Treasury securities, agency debt, mortgage-backed securities and other qualifying assets as collateral.

These assets will be accepted as collateral at par value, which means at their original value, regardless of the rise in interest rates in recent months. Those higher rates have reduced the value of long-term bonds that were purchased when rates were low. The Fed wants to avoid institutions being forced to sell their bonds for big losses.

 

420 gaaadoo plastic car demand eeekedda taggiiiddoooo annee baadhaaa

[Netflixmovieguz]

scamsters

[ZoomNaidu]

49 minutes ago, bhaigan said:

Agreed

Now everybody copied US model of economy

India lo ayithe BJP is pro capitalistic mentality

 

1 hour ago, gattimelam said:

adani, nirav modi, modi vaipe kada nee hintuuu

Hence proved @gattimelam 😃😃

[tennisluvrredux]

1 hour ago, bhaigan said:

I know it was a sattire

ok ok