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fareed @it_is_fareed Tech guys when the startup has money: "Our Al will crush you under its heel. We are rendering you, teeming human biomass, irrelevant. I am become death destroyer of worlds." Tech guys when the startup money is gone: "I'm just a rural farmer, farming my code. I'm a family man" Meb Faber ✔ @MebFaber - Mar 11 Change "Silicon Valley Bank" to "Kansas Farmers Bank". Replace "tech startups" with "farmers". Replace "MBS" with "farm loans". Do you feel different? If you were calling for "let them fail" are you now screaming "save them?!" Or vice versa. Would any of the tech elite... Show more Show this thread 4:26 AM - Mar 13, 2023 634.1K Views 2,524 Retweets 15 Quote Tweets 15.8K Likes 27 +] 1

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Origin Entry: Silicon Valley Bank Collapse / SVB Failure

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= The New York Times No, 'Wokeness' Did Not Cause Silicon Valley Bank's Collapse Blaming workplace diversity or environmentally and socially conscious investments for the firm's downfall signals a "complete lack of understanding of how banks work," one expert said. Daily Mail News .com REVEALED: Only ONE member of failed SVB's board had a career in investment banking - and the rest were Obama, Clinton mega-donors who 'grieved' when Trump won including one who went to Shinto shrine 'to pray' By Melissa Koenig For Dailymail.Com 13:02 EDT 14 Mar 2023, updated 13:45 EDT 14 Mar 2023 PRAYED AT SHINTO SHRINE ADVERTISEMENT REAL BANKER IMPROV ACTOR 10+5 View gallery

imgflip.com X Break up the Too Big To Fail banks Give even more special protections to the Too Big To Fail banks and force everyone into them

VENTURE CAPITALISTS 20 LEGITIMATE CRITICISM IS THIS THE RWANDAN GENOCIDE?

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Congrats on discovering the concept of popularity

marquis de posade @acczibit "So you know how I'm unpopular and considered annoying at best and sinister at worst? What if instead I was popular and well-liked. You would treat me differently then. Let that sink in" Congrats on discovering the concept of popularity Meb Faber ✔ @MebFaber Mar 11 Change "Silicon Valley Bank" to "Kansas Farmers Bank". Replace "tech startups" with "farmers". Replace "MBS" with "farm loans". Do you feel different? If you were calling for "let them fail" are you now screaming "save them?!" Or vice versa. Would any of the tech elite... Show more Show this thread 10:04 PM - Mar 12, 2023 53.3K Views 90 Retweets 3 Quote Tweets 4 marquis de posade @acczibit - 22h Replying to @acczibit I'm guessing part of the shock many techies are experiencing over normies viscerally wanting to see them fail and it actually mattering for the first time is the realization that popularity isn't just a dump stat in real life but can determine whether you get to eat or not 27 22 ♡ 317 13.8K 2 27 marquis de posade @acczibit - 22h The question isn't "why am I being treated differently than farmers" because the obvious answer is that people like farmers and hate you 917 Likes The question is how much longer tech can afford to ignore the popularity issue and completely unopposed decade(s)-long PR meltdown 27 17 ♡ 270 ↑ C 4 marquis de posade @acczibit - 22h A meltdown which occurred while tech was holding all the reins of all modern means of communication, no less 13 소 8,822 را Imagine having every home field advantage in the world and just forfeiting the match because you consider the sport irrational and beneath you O 2 t 8 ♡ 181 ılıl 4,785 1 @acczibit - 22h marquis de posade Techies tend to be the kind of people who wish to leave popularity contests behind in high school, but unfortunately real life is just high school on loop and we've reached the point where participation in the contest is no longer optional 1 188 ↑ ₁5,806 1. marquis de posade @acczibit - 22h We Live In A Society, and you can hole yourself up in your room and avoid the guests for only so long before you inevitably have to come traipsing downstairs and be judged while you get food. Doesn't matter if you're one socially awkward nerd or a million socially awkward nerds. 3 17 6 ❤ 186 ₁6,817 *** ↑ marquis de posade @acczibit - 21h (Note that I'm not speculating on what'll ultimately happen with SVB since it doesn't matter to the point I'm making, the same way an accident does not need to involve fatalities to be a Memento Mori) 22 ♡ 86 ₁4,239 ↑ ***

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Jason Calacanis "my work here is done" / "But you didn't do anything"

laurence ✔ @functionZero My job here is done. But you didn't do anything. @jason @Jason - 23h Replying to @KlendathuCap @BillAckman and @DavidSacks If true, my work here is done. :

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The Silicon Valley Bank collapse could mean ‘Game Over’ for a lot of gaming and comics journalists

pe Clownfish TV @ClownfishTVcom The Silicon Valley Bank collapse could mean 'Game Over' for a lot of gaming and comics journalists. YOU DIED clownfishtv.com The Silicon Valley Bank collapse could mean 'Game Over' for a lot of gaming... Not be a Debbie Downer, but the sudden collapse of Silicon Valley Bank could hasten the demise of video game and pop culture journalism as a viable care... 3:43 PM - Mar 11, 2023 81.2K Views 83 Retweets 153 Quote Tweets 661 Likes 22 ↑

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"Biggest banks have much tougher regulation and stress testing"

Lloyd Blankfein @lloydblankfein A few banks may have issues like SVB, but only a few. Govt actions removed reasons for bank runs. Biggest banks have much tougher regulation and stress testing. Anxiety and volatility high, but sharply lower interest rates, fed likely on hold, are strong positives for markets. 11:43 AM - Mar 13, 2023 327.8K Views 135 Retweets 54 Quote Tweets 535 Likes 12 marquis de posade @acczibit COPE 5 Retweets 67 Likes HOTLINE CAMEL FILTERS "It's for you?" SURGEON GENERAL'S WARNING Smoking Causes Lung Cancer, Heart Disease Emphysema. And May Complicato Pregnancy. 3:10 PM - Mar 13, 2023 4,585 Views 17 S Lloyd Blankfein @lloydblankfein. 3h A few banks may have issues like SVB, but only a few. Govt actions removed reasons for bank runs. Biggest banks have much tougher regulation and stress testing. Anxiety and volatility high, but sharply lower interest rates, fed likely on hold, are strong positives for markets. ↑ 3 ↑

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The death of Silicon Valley Bank is bad news for climate change

Sophia Kianni @SophiaKianni The death of Silicon Valley Bank is bad news for climate change 1,500+ climate and energy-tech companies relied on the bank 5:36 PM - Mar 12, 2023-915K Views 388 Retweets 442 Quote Tweets 22 Sophia Kianni @SophiaKianni - Mar 12 Replying to @SophiaKianni 2,075 Likes t51 More than 60 percent of community solar financing nationwide involved the bank Silicon Valley Bank was an integral part of the early-stage climate tech community 40 135 46 ₁48.9K 117 +] ↑ 1 Sophia Kianni ✔ @SophiaKianni - Mar 12 The bank published influential annual reports on the climate-tech sector, and it sponsored events for climate VCs and startups It also provided more than half a billion dollars in revolving credit to Sunrun, the country's largest residential solar company 73 39.5K ↑ 16

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On censorship and shouting "fire" in a crowded theater

Thomas Massie @RepThomasMassie. 17h Just got off of a zoom meeting with Fed, Treasury, FDIC, House, and Senate. A Democrat Senator essentially asked whether there was a program in place to censor information on social media that could lead to a run on the banks. 4,289 18.2K Thomas Massie @RepThomasMassie 48.8K Rick Hinshaw @RickHinshaw - 17h Replying to @RepThomasMassie I'm as anti-censorship as it gets, but spreading unfounded rumors to promote a run on a bank is one of the VERY few instances where the "yelling fire in a crowded theater" analogy actually DOES apply. 521 125 il₁ 290.9K 1 1,153 27 ₁6.8M Replying to @RickHinshaw What about yelling fire in a theater that's on fire? 8:39 PM - Mar 12, 2023 427.3K Views 1,141 Retweets 90 Quote Tweets 14K Likes 1 1 +] ***

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Sal the Agorist's take on the Domino effect caused by the collapse of the SVB

Daily Mail MORE STORIES Q Now TWENTY banks are hit by crisis that killed Silicon Valley Bank as billionaire economist Bill Ackman demands Biden 'guarantee all deposits now' or else America's economy could melt down More! @bancommies

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Jerome Powell Presses Both "High Inflation" and "Bank Failures" buttons

High Inflation Bank Failures High Inflation Bank Failures

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"This puts the magnitude of the SVB collapse into context" Graham Stephan tweet

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Sanders Statement

SENATOR BERNIE SANDERS United States Senator for Vermont BERNIE SANDERS AVT NEWS: Sanders Statement on Silicon Valley Bank BURLINGTON, Vt., March 12 - Sen. Bernie Sanders (I-Vt.) on Sunday issued the following statement on Silicon Valley Bank: "Let's be clear. The failure of Silicon Valley Bank is a direct result of an absurd 2018 bank deregulation bill signed by Donald Trump that I strongly opposed. Five years ago, the Republican Director of the Congressional Budget Office released a report finding that this legislation would increase the likelihood that a large financial firm with assets of between $100 billion and $250 billion would fail.' "Unfortunately, that is precisely what happened. During the debate over the legislation I said: 'Are our memories so short that we learned nothing from the 2008 Wall Street crash? Have we learned nothing from the Savings and Loan disaster of the early 1990s or the thievery of Wells Fargo over the last couple of years or the dishonesty of Equifax or the accounting fraud at Enron and Arthur Anderson or the failure of Long-Term Capital Management or the billions of dollars in fines that financial institution after financial institution has paid out for illegal or deceptive activities?' Sadly, the Republican Congress and the Trump Administration answered all of these questions with a resounding NO. "Now is not the time for U.S. taxpayers to bail out Silicon Valley Bank. If there is a bailout of Silicon Valley Bank, it must be 100 percent financed by Wall Street and large financial institutions. We cannot continue down the road of more socialism for the rich and rugged individualism for everyone else. Let us have the courage to stand up to Wall Street, repeal the disastrous 2018 bank deregulation law, break up too big to fail banks and address the needs of working families, not the risky bets of vulture capitalists."

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Canada’s financial regulator announces it is “taking temporary control of the assets of the Canadian branch of Silicon Valley Bank”

News release For immediate release OTTAWA - March 12, 2023 – Office of the Superintendent of Financial Institutions Canada Today, the Superintendent of Financial Institutions moved to protect creditors by taking temporary control of the assets of the Canadian branch of Silicon Valley Bank, as well as issuing notice that he intends to seek permanent control of its assets and requesting that the Attorney General of Canada apply for a Winding-Up Order. Silicon Valley Bank is headquartered in the United States and operates in Canada as a Foreign Bank Branch based in Toronto that is supervised by the Office of the Superintendent of Financial Institutions (OSFI). Its business in Canada is primarily lending to corporate clients. This branch does not hold any commercial or individual deposits in Canada.

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What do you know about interest rate risk? / You're hired!

What do you know about interest rate risk? Nothing You're hired! svb> Silicon Valley Bank

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+59

Silicon Valley Bank Collapse / SVB Failure - Tech guys when the startup has money and when the startup money is gone

PROTIP: Press the ← and → keys to navigate the gallery, 'g' to view the gallery, or 'r' to view a random image.

fareed @it_is_fareed Tech guys when the startup has money: "Our Al will crush you under its heel. We are rendering you, teeming human biomass, irrelevant. I am become death destroyer of worlds." Tech guys when the startup money is gone: "I'm just a rural farmer, farming my code. I'm a family man" Meb Faber ✔ @MebFaber - Mar 11 Change "Silicon Valley Bank" to "Kansas Farmers Bank". Replace "tech startups" with "farmers". Replace "MBS" with "farm loans". Do you feel different? If you were calling for "let them fail" are you now screaming "save them?!" Or vice versa. Would any of the tech elite... Show more Show this thread 4:26 AM - Mar 13, 2023 634.1K Views 2,524 Retweets 15 Quote Tweets 15.8K Likes 27 +] 1

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Kenetic Kups

Kenetic Kups

Mar 13, 2023 at 10:47PM EDT

The rich desrve no sympathy
and it’s cringe as fuck when they pretend we’re the same as soon as they’re down on their luck

+46

David "Garsedj" Touchdown

David "Garsedj" Touchdown

Mar 14, 2023 at 04:09AM EDT

Your boss when you ask for a day off to visit your dying grandma
vs
Your boss when you're leaving for a higher salary

+41

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