Silicon Valley Bank faces 'classic run on a bank', says Lazard's Peter Orszag

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[wtzfekk]

The negative impact of SVB and SI debacles has been reflected in the regional bank ETF (KRE) which has witnessed a decline of over 20%. This event has triggered contagion effects, dragging the entire market lower. However, historically speaking, a localized and narrow contagion of this nature presents an opportune time to invest in strong, financially stable companies with substantial cash reserves on their balance sheets.

[chettainbox]

I’m so happy they rejected our bank account opening application 😂😂😂😂

[BarlitosC]

2:40 This is not a Fed induced mess. This is a SVB induced mess

[BTCBlizzy]

The problem with confidence is that it is a valuable, intangible asset that is pegged and entrusted to worthless, tangible entities and parties.

[miayaleicachan]

I’m closing in on my retirement and I’d like to move from Minnesota to a warmer climate, but the prices on homes are stupidly ridiculous and Mortgage prices has been skyrocketing on a roll(currently over 7%) do I just invest my spare cash into stocks and wait for a housing crash, or should I go ahead to buy a home anyways?

[theingothouse]

A run on the banks turns into a phenomenon known as "A Bank Panic" when enough of them participate all at once in the chaos.

[mountainready]

The institutional founders pulled their money first and created the bank run. The same people who sit there day after day year after year decade after decade say don't take your money out of the bank or stock market.

[kingjustice]

I love the statement “depends on confidence”. Can anyone tell me where the phrase “con man” comes from?

[donnabrannan]

I want to share with you my personal experience with investing, everyone needs more than their basic salary to be financially secure. The best thing to do with your money is to invest. Money left in savings always ends up used with no returns. I started investing in the financial market mid March 2022 with the help of a well-known professional and have just bought a home. it's really amazing

[nhmooytis]

‘Conspiracy theorists’ predicted this but the bank claims it was Sooprised. Sure, pull my other leg.

[meehanasap]

How many other banks are holding onto chinese realestate bonds?

[TheWesterosiNinja]

Jimmy Stewart had a run on his bank in It's a Wonderful Life...if you need a dumbed-down version of what one looks like check it the movie.

[AK-qotx]

Why would anyone keep any money at a bank when short term treasuries are paying 5%?

[athletic]

what a joke when the host asks if they could return the bonds to the FED to get cash, was he expecting the Fed to return at par value hahaha, even first year finance students will know the answer to that

[beesomsak]

SVB was solvant and it had the assets to cover. The problem is the FED. If the FED had got in earlier to assist this Bank the run wouldnt have happened. They knew they had sold the Treasury bonds & @ what the interest rates were & could have assisted the Bank easy. SVB had no security management but someone should have seen the red light & the FED should have known this?? On top of that you get Biden saying those responsible will be dealt with which has nothing to do with it. Well that just spooks investors hence the worst thing to say. Blame the FED & Biden for this as he always blames Trump as per usual. Now they lose face as they are bailing out when Yellen said there would be no bail out.

[swb]

This guy is taking his book wanting the Fed to pause.

[frozentundra]

Oh boy, I have not heard to term "Mark to Market" in a while and when I did, it was not a good time period!

[FrunkensteinVonZipperneck]

4:15) "Peter, we have a vast system designed to prevent a bank run." Apparently, the system is only half "vast."

[steveestebon]

If fed doesnt increase rates in fear of banks going under, then we are in for a stagflation for decades just like Japan..

[Azel]

What does this mean for interest rates?