US banks sitting on unrealized losses of $620 billion | CNN Business

Silicon Valley Bank’s collapse last week sent tingles of panic down investors’ spines as it highlighted a larger problem across the banking sector: The widening gap between the value large lenders place on the bonds they hold and what they’re actually worth on the market. SVB’s downfall was tied, in part, to the plunge in the value of bonds it acquired during boom times, when it had a lot of customer deposits coming in and needed somewhere to park the cash.

Warren, a frequent critic of the Fed’s leader, noted that an additional 2 million people would have to lose their jobs if the unemployment rate rises from its current 3.6% rate to reach the Fed’s projections of 4.6% by the end of the year. “If you could speak directly to the two million hardworking people who have decent jobs today, who you’re planning to get fired over the next year, what would you say to them?” Warren asked.

Just wait until stock market opens Monday morning?

Don't worry though... SVB will get hi dress of millions just like Ukraine

Go WOKE go BROKE.

You think Maybe the Republicans shd not have loosened Bank Regs in 2018 Did we not learn anything from 2009 Or are we doomed as a Civilization to keep making the same DUMB mistakes OVER AND OVER HouseGOP

Profits come from taking on risk and if they’re not prepared to deal with the consequences of that risk then they should fail. Banks and their depositors both take on risk and receive payments so both are responsible for solvency. Don’t allow them to use your taxes on banks again

This has nothing to do with their Ukraine war, sure.

We’re seeing the effects of deregulation from train derailments spewing poison into the air and water to banks failing. What’s next? Oh, child labor laws are on their radar..wonder what catastrophic event that deregulation will bring..

Joe Biden fucked this up.

Go woke go broke

The problem is that ‘investors’ want investment without risk, and they want the risk covered by bleeding out the very people who’s well being is something the investor class screeches ‘how will we pay for it’ over. Every time.

This is a bank for the rich anyway. No normal person can walk in and open an account. The rich want us to bail them out again because they took a risk with their money. Eff that!

They should investigate to see if the antichrists took that money and sent it to Ukraine.

Give up dollars

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Silicon Valley Bank drops another 60%, weighs on the bank sector againShares of SVB Financial Group, known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the whole banking sector again. Uber has no cars Airbnb has no homes SIVB has no money Welcome to the new economy $CS Credit Suisse shares hit new all-time low as banks hit by U.S. fallout Customers who try to withdraw & cause a bank run need to be criminally charged for causing this bank to fail, but people will blame it on the CEO who sold tens of millions in stock options two weeks ago instead.
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