Kolek planning to go pro
This conversation got infinitely dumber when someone joined in - and that someone wasn't Jesmu.
I'm pretty sure he does tho...I don't agree with Hards on a lot, but making incorrect claims or trying to knock his situational intelligence instead of his points is a bad look, my man.
Yup, ole ZFB single handedly made scoop dumb.You've been attacking me a lot lately. Stalker.
Funny how the only people that talk about tucker Carlson on this board are lefties.
SkatastrophyYou are correct that I have talked the economy a great deal in an investing thread. I guess that is because I do not believe that the stock market has been a reflection of the economy in some ways. Free money from the Fed altered our economy in a way I have never seen before and quite possibly covered up a lot of cracks in the economy. Truth be told, I have zero idea on how the economy works anymore and even less on where to invest money today.Feel free to highlight "I have zero idea" and agree that I do not any idea.
Meh, I don't really care how anyone spends their time or what they watch, but "there aren't enough smart blacks and gays to populate bank boards responsibly" is a step too far to me.
Who said that? Tucker?Thanks for proving my point.
I don't know what Tucker said. I used Tucker was a stand-in for the anti-woke echo chamber generally. If you want to accuse me of being obsessed with you, or Tucker, or whoever else to distract from the fact that rocket is espousing an undefensible position and that you don't like him being called out for that - fine, you can have that W.Edit just to add that I don't like the idea of being a guy who is obsessed with or targets anyone else, so I looked back through my posts. I haven't quoted you in a response since Dec 9 and that was a friendly discussion about whether we'd be rooting for Morocco in the WC. Before that we're back to October and that was very tame too. So I'm not really sure what you're talking about.
Alright, fair. I thought you were taking shots at me. My error.
The Wall Street Journal.https://www.vanityfair.com/news/2023/03/wall-street-journal-column-silicon-valley-bank
Is the Investing thread really not going to discuss bank failures?I go out of town for 4 days and this place in in shambles.
My understanding is that they knew the risk, but like the profits. And even discussed this. Also, they considered each company with deposits as a separate entity. But it turned out all these different companies were funded by a few VC companies, So once they went looking for liquidity, it was a huge run, which would’ve been slower, if in fact, it was many unrelated companies. Instead, VC’s told all there companies to pull their funds.
Is there any evidence that the VC folks who made, or encouraged, the run discussed the run beforehand on social or private communication?
That is what has been reported, but I haven't seen the receipts...But who would keep that sort of info around.
Venture capitalists and business owners described the early stages of the Silicon Valley run being led by private message boards or Slack channels, where entrepreneurs were encouraged to withdraw their funds.Silicon Valley Bank also was unique in being almost entirely exposed to one community — the tech industry, venture capital and startups. When this close-knit community of depositors talked to one another — using digital channels to do so quickly — the bank likely became more vulnerable to rumors and a run.
If the VC folks actually did this and incited a run, they committed a federal crime. I suspect it is covered by 18 U.S. Code § 1344If it was an email, text or another social media platform, the feds will find it and well, it won't be pretty.