Cold Open: SVB Free Fall
(rumble.com)
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https://rumble.com/v2czuhq-what-do-they-know-when-did-they-know-it.html
SVB stock has been worthless paper for months. Levered up 185/1, casino Le T-bill. Circling the drain.
You ARE paying for this. FDIC funds this via banking fees
600 billion in unrealized losses. Nov 2020 10yr .86 >>> 4% today. This is known has been for some time
"Yeah it was great, all the money was there this morning!" - Beta cuck used to attack Vivek Ramaswamy
Now back to reality. The weekend auction HAD ZERO TAKERS.