#svb
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Wie viel Lust wir dazu haben, Geld fürs Hobby Wassersport auszugeben, weiß außer uns der Großhandel am besten. Wir haben nachgefragt, was 2025 läuft.
#MuHvonderLinden #RobertLindemannKG #SVB #Wassersportwirtschaft
https://floatmagazin.de/leute/update-fuers-maritime-wirtschafts-barometer/
New paper from #Yale and the #FederalReserve blames the 2023 banking crisis on (you guessed it) #crypto and Nerd Reich #VCs.
> "A clearer commonality between the six banks [that failed], the paper argues, is their exposure to risky depositor bases that other banks shied away from: #crypto firms and [tech] venture capitalists."
* American Banker: https://www.americanbanker.com/news/new-paper-hangs-march-2023-failures-on-business-model-risks
* Paper: https://www.chicagofed.org/publications/working-papers/2025/2025-04
#SiliconValleyBank just can't seem to put down the crypto crack pipe.
Expect another taxpayer bailout like the one the #broligarch customers of #SVB got when the bank collapsed the first time back in 2023.
https://fintechbusinessweekly.substack.com/p/yes-svb-is-processing-ach-for-binanceus
Fintech Business Weekly · Yes, SVB (Is Processing ACH for Binance.US)
Ems-Dollart-Region: Sprechtage für Grenzpendler
Zuerst ging es bei Rentenversicherung und Sociale Verzekeringsbank um Fragen zu Rente bzw. AOW, und dann bei Finanzamt und Belastingdienst um steuerliche Dinge.
In einer guten halben Stunde habe ich so von durchgehend kompetenten und freundlichen Leuten mehr klare Antworten bekommen als mit tagelang googeln.
Vielen Dank dafür!
https://grenzinfo.eu/edr/sprechtage/
#EDR #GIP
#DRV #SVB
#Finanzamt #Belastingdienst
#Neuschanz #Nieuweschans #Groningen
Ems Dollart RegionSprechtage - Ems Dollart RegionSprechtage und Sprechstunden GIP EDR Persönliche und kostenlose Beratung beim GIP EDR Es sind persönliche Beratungsgespräche in der Geschäftsstelle der EDR in Bad Nieuweschans möglich. Bitte melden Sie sich immer vorab telefonisch unter 0031 597 521818 oder über das Kontaktformular, damit wir einen Termin abstimmen können. Telefonisch und/oder online stehen unsere Berater*innen ebenfalls zur Verfügung. Im […]
@GhostOnTheHalfShell @daedalean the type of trust Circle holds the USDC money at in blackrock does not allow blackrock (or anyone) to use the money for anything else. it's reasonably airtight.
but yes, the bailout of SVB was the definition of moral hazard. all these crypto bros who bought the election would have gone bust if capitalism had been allowed to take its course. i understood why yellen etc. thought they had to do it but i think it was a massive mistake.
(i also think #SVB was kind of a ponzi scheme, but that's sort of a different story)
https://cryptadamus.substack.com/p/how-everyone-got-the-story-of-silicon
The Cryptocalypse Chronicles · How Everyone Is Getting The Story Of Silicon Valley Bank and Signature Bank Completely Wrong
NmK 
DEUTSCHER MEISTER!!!
#bayer04 #bayerleverkusen #svb
#b04svw
Here's our collection of the biggest tech stories from 2023, from the recent OpenAI drama to the crushing collapse of Silicon Valley Bank earlier this year. Of course, plenty more could have been added. Feel free to pop them in the replies for others to peruse.
Flipboard · 2023: Year in Tech
#GriftersGonnaGrift. How many #techbubble collapses does it take to convince #Regulators that the #VC - #Startup cabal is rotten at its core?
Los Angeles Times · Hiltzik: Did this venture firm fall into a con man's trap?
Federal Reserve's historian concludes that Social Media had a significant role in speeding up the 2023 bank runs at Silicon Valley Bank, etc.
Replied in thread
Wow, a #billionaire #techbro / #cryptobro is actually being held to the same legal standard as an ordinary citizen? What the heck is going on here?
Oh, wait... #SBF's net worth effectively disappeared overnight when #FTX and #SVB went belly-up, right?
Ahh, yep, there it is. He's no longer a billionaire, so his #GetOutOfJailFreeCard has been revoked. He's effectively an ordinary citizen again, so he's once again bound by the same laws that apply to everybody else.
Such a sudden, tragic fall from grace! What ever shall he do?! 
“There are more historical touchstones connecting tax evasion to future collapse, such as Lehman Brothers. Prior to Lehman’s implosion, one of its more noteworthy scandals involved using and promoting derivatives as dividend-tax dodges. By the time the wheels were off the wagon—or rather, immediately prior—Lehman had $600 billion in total assets, significantly less than UBS has today.”
Catering to Tax Evaders Is a Poor Prescription for Bank Health | https://news.bloomberglaw.com/securities-law/catering-to-tax-evaders-is-a-poor-prescription-for-bank-health
news.bloomberglaw.comCatering to Tax Evaders Is a Poor Prescription for Bank Health
Continued thread
Long thread/13
Replied in thread
Long thread/14
For the apologists, the #SVB #bailout was merely prudent: a bunch of innocent bystanders stood in harm's way - from the rank-and-file employees at startups to the scholarship kids at elite private schools that trusted their endowment to #SiliconValleyBank - and so the government made an exception, improvising measures that made everyone whole without costing the public a dime. What's not to like?
1/
“It’s hard to ignore the fingerprints of a Big Four accounting firm—as well as the office nameplates in the C-suite—in the high-profile collapses of Silicon Valley Bank and Signature Bank, as well as the near miss at First Republic Bank. In a veritable coup de grâce to independence, KPMG drafted audit opinions signing off on the banks’ financial statements."
#lawfedi #big4 #svb #signaturebank
Big Four Auditors and Consultants Need Liability—And a Divorce | https://news.bloombergtax.com/tax-insights-and-commentary/big-four-auditors-and-consultants-need-liability-and-a-divorce
news.bloombergtax.comBig Four Auditors and Consultants Need Liability—And a Divorce
I don't often agree with the Wall Street Journal, but they are 100% correct to call the FDIC intervention around the Silicon Valley Bank a bailout.
The funds might not be coming from taxpayers, but the FDIC's Deposit Insurance Fund is funded by premiums paid by financial institutions, which are then passed to us, the consumers.
This means we are still paying for this Silicon Valley Bank bailout through fees and higher interest rates, with the poor hurting the most, as always.
"No Atheists in Foxholes. No Libertarians in Financial Crisis."
#SVB #SiliconValleyBank #bailout
https://www.wsj.com/amp/articles/the-silicon-valley-bank-bailout-chorus-yellen-treasury-fed-fdic-deposit-limit-dodd-frank-run-cc80761e?cx_testId=3&cx_testVariant=cx_160&cx_artPos=0&mod=WTRN#cxrecs_s
The funds might not be coming from taxpayers, but the FDIC's Deposit Insurance Fund is funded by premiums paid by financial institutions, which are then passed to us, the consumers.
This means we are still paying for this Silicon Valley Bank bailout through fees and higher interest rates, with the poor hurting the most, as always.
"No Atheists in Foxholes. No Libertarians in Financial Crisis."
#SVB #SiliconValleyBank #bailout
https://www.wsj.com/amp/articles/the-silicon-valley-bank-bailout-chorus-yellen-treasury-fed-fdic-deposit-limit-dodd-frank-run-cc80761e?cx_testId=3&cx_testVariant=cx_160&cx_artPos=0&mod=WTRN#cxrecs_s
The Wall Street JournalThe Silicon Valley Bank Bailout