Re:FDIC Takes over Silicon Valley Bank
by cableshaft on Friday March 10, 2023 @01:31PM
(#35098788)
Almost all of those are during The Great Recession or the aftermath of it, so I think it's not that crazy of a claim to make.
Also means we may be about to start seeing a lot more of them again, assuming we're getting closer to the next big recession.
Re:FDIC Takes over Silicon Valley Bank
by dragonwriter on Friday March 10, 2023 @01:57PM
(#35099214)
> Also means we may be about to start seeing a lot more of them again, assuming we're getting closer to the next big recession.
That's a giant assumption.
Re:FDIC Takes over Silicon Valley Bank
by cableshaft on Friday March 10, 2023 @03:18PM
(#35100324)
It is. It's also a prediction that a lot of executives and CEO's and pundits and politicians and bank managers are marking right now.
I'm not claiming it's definitely going to happen, but if it is about to happen, we can expect to see a lot more of these failures to start happening, based on that graph.
I didn't realize there were that many bank failures during the Great Recession myself. I thought it was only a handful, just a few high profile ones.
And this chart paints an even different picture:
https://twitter.com/alistairmbarr/status/1634275645235793920
lehman brothers had total assets of $639B when it filed for bankruptcy on September 15, 2008. adjusted for inflation that's ~$800B.
Lehman was an investment bank — they didn't take deposits. Wikipedia describes them as a "financial services firm".
Re:FDIC Takes over Silicon Valley Bank
by TaylorAlexander on Friday March 10, 2023 @04:39PM
(#35101474)
Is total assets a useful measure here? I would be more interested in a chart that showed budgetary shortfalls. It sounds like SVB is only short about 10% of total assets if I am remembering what I read earlier this morning.
Re:FDIC Takes over Silicon Valley Bank
by paulddraper on Friday March 10, 2023 @08:27PM
(#35104051)
No one really knows.
And banks usually aren't crazy amounts short. But they're short enough to got under.
This chart of historic bank failures paints a different picture:
https://www.fdic.gov/bank/historical/bank/