Bill Ackman says Gov has 48 hours to fix SVB 'irreversible mistake'
Billionaire hedge fund manager Bill Ackman is predicting an economic meltdown following the collapse of Silicon Valley Bank. Ackman is urging the US government to take action to protect customers
Another reason why those billions to Ukraine should have stayed here.
Would the wealthy get upset if they were told their bailout $ was sent to Ukraine?
A hundred billion or so has gone to Ukraine, yet how much money is in American Banks? Trillions. Ukraine looks like a kiddie pool next to an Olympic sized swimming pool when it comes to cash. If America's financial crisis kicks off Ukraine will be crap out of luck getting any cash out of America, which is a good thing, in my opinion. The billions sent there are not buying arms, but being sent back to America's banks for safe keeping. Oooops, should have sent it to a Swiss bank. I think this White Hat operation is just getting kicked off. I'm not panicing, but getting the last of my preps in order and getting fit. I cannot do a thing about big banking, but I certainly can control everything within my property. Veggies in the ground this tuesday, trees being cut down for next winters warmth, and a new roof for the new garage. Control what you can and let the White Hats fight the digital battle.
Ha, this current crop of losers and idiots won't be able to do ANYTHING meaningful in 48 hours. All Biden had to do when he "entered office" was to do nothing, things might have just run themselves, given Trump's economy and policies... but no, like all idiots, Biden started ruining the economy from day one, signed anything his lefty handlers put in front of him, and the sudden decline began.
Tomorrow (Monday) has every chance of becoming a financial disaster that will affect every American badly.
They better not screw with my move to TN.
Remains to be seen, GG, tomorrow might be very instructive as to the future of the nation. This SVB issue, following so close on the heels of the recent crypto-currency failure, and now Wells Fargo playing loose and free with depositors' money, well, this could become a contagion among the banks. A thing to watch closely will be derivatives... and you should find out how much your own bank is invested in derivatives. That is the next big thing to (possibly) fail.
My bank is a smaller bank in the area. They are 388 on derivatives rankings. We are pulling the bulk of the money out this Friday and opening an account at a local credit union.
The funny thing was a few weeks back we discussed getting liquid assets available for the TN adventure. He agreed and we called the broker. He asked if my husband was going in to conspiracy theories. We said no we need liquid assets for TN. The next day is when the market fell 700 points.
I will not let the evil monsters get me down.
Word of advice, if you can move money to a credit union TOMORROW, you might better off. I'm not a financial advisor, but my gut instinct tells me it's time to do that.
Ok, I told my better half and you talked us into it. We both told work we will be late tomorrow
We were going to do it Saturday but we had appointments we couldn't change.
Thanks for confirming what I felt in my gut.
Like I said, I'm not a financial advisor, but I had to go with my gut. Listening to my gut / inner voice told me back in 2008 to move my 401K to the most conservative stocks I could, and by doing so I didn't lose a dime of retirement money back then.
Tomorrow the FDIC and the Federal Reserve are holding a closed-door meeting... what do you think they will be talking about? Not the weather, that's for sure.
I know you are not a financial advisor but my gut says the same. Hence we pulled stocks put right before it went down. So we will be at the credit union when they open in the morning.
Thanks again.
We would need to take off work. I can't imagine this hitting a bank here only with 150 branches before Friday.
I am not sure at this point.
Truth right here, nothing to lose nothing to gain
Maybe the scare event is here?
Not getting your cash from your ATM or bank can be considered "scary".
I know here in my fucking Teslaville neighborhood, people would lose their freakin' MINDS if they were cutoff from their cash for even a week.
No bailouts. We the people say no! Our children will not be on the hook for the mistakes of well to do snobs in their Mercedes’ Benz’s. Piss off and lick the cow fools!
Did Bill have his fake money there? Hehe
No bailouts for criminal financial institutions.
Hey Bill....go fuck yourself and collect your bailout from Zelensky.
Let it meltdown....worldwide....The beginning of the end for the RothChild/Payseur global influence?
the fall of the Khazarian Mafia
Let me see, the Ukraine or Silicon Valley Bank. The decision has already been made. It's going to be Catastrophic.
Why not both?
BRRRRRRRRRR
Can you hear it?
The money printer and future generations paying for it? BRRRRRRR
Oh wait we move faster than that now, we'll be paying for it in 4 months
No need for Brrrrrrrrrrrrrrr, we are going digital baby!!!!!!
Sounds like Ackman is scared.
Of course, they’ll bail everybody out.
They need a bank to continue laundering their money, for all the tech companies that will be censoring us, and for all the gender affirming care for kid fuckers
Meltdown happens either way.
Nothing can stop what is coming.
Let's assume a bailout doesn't happen for whatever reason. If further economic damage occurs, do you think this could be a situation where a bail-in happens? Keep an eye on your bank balances.
Sounds like he thinks he will be on the receiving end of that bailout.
Sounds like a threat.
Nobody is talking about SVB and FTX connection . That scum lost / stole / transfer to Nazi cabal 60 billion $ . Somebody bailed him out for 250$ million 20 days ago .
CBDC to the rescue. SVB is the FF.
It is designed to create panic and cause bank runs which will in turn highlight people's lack of confidence in our current banking system.
SVB is the impetus to get us to move to CBDC.
CBDC?
Central Bank Digital Currency
Fuck you Ackman, too bad you invested in companies who parked the money at SVB where most of it wasn't insured. You are supposed to be a smart guy, seems you should have made better choices in who you backed financially.
Take the L and move on, you aren't getting bailed out.
I have an excellent idea.
Ask Ukraine.
I propose all these billionaires bail them out, they will lose to Biden’s tax plan anyway, just put your money where your mouth is…
Good reason for the fed to print trillions more in inflationary fake dollars.
Are you kidding me…”they” will bail them out now and forever until we the people are in chains. Look to history to show the details. This only stops when the people say in one voice stop, and have finally gotten the boldness to stop them. Until then we are the batteries, they are the machine. The question is really…are we tired of being slaves to the system? It’s gotta get worse. A whole lot worse.
Hey, Bill! All our money went to Zelensky. Better call him, not us.
NO NO NO NO NO....let them eat cake......and fire up the woodchippers!
Let it burn.
48 hours...or what?