Excellent read…thx for sharing.

https://www.youtube.com/watch?v=fLGMxH9KFa8

This gives a similar take on a video for those to busy to read through (although it is worth it if you do)

Very informative, thank you. Right off the bat she says:

SVB was not a “systemically important financial institution” (SIFI) as defined in the Dodd-Frank Act, which requires insolvent SIFIs to “bail in” the money of their creditors to recapitalize themselves.

Here is Wiki's list of SIFI banks (ie, banks that are required to do bail-ins with YOUR money if they are failing, ie it might be prudent to move your money out of these to credit unions or some other non-SIFI bank)

https://en.wikipedia.org/wiki/List_of_systemically_important_banks

Thanks for posting this article, MissBear!

Edit to add:

With the huge derivatives bubble that is bound to burst someday, here is a list of banks knee-deep in derivatives, might want to check it over for yours:

https://www.usbanklocations.com/bank-rank/derivatives.html

You can thank JPMC for most of this going back 25 years, starting a Wall St cult trading and gaming the worst of the credit derivatives...once had a good plan to manage them, deliberately cut the real data links that would allow proper exposures to be calculated for Credit default swaps (CDS), Collateralized debt obligations (CDO), Total return swaps, Credit spread options/forwards there are more ugly looking instr. based on those.

They used a boat load of greedy math PhD's to tell them what they wanted to hear, used BS math to justify engaging in these criminal activities - all fantasy land. The Bank examinrs went along with it. Didn't want to appear stupid I suppose. Well some of them knew it was all BS.

It was pointed out in no uncertain terms, to stop doing that crap, "the emperor has no clothes" meeting, and the credit mgr was fired.

They knew in 2002 they screwed up and had no idea how to handle them. No one does.

DO I hope JPMC goes down in a basket of flames? You bet I do. All of them. We can start over.

Patriot Drawing Rights. Let's print them. Based on gold.