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I think there's about 100b total in the fund that they are pulling from. After that we'd be in economic fairy land, not that I'm denying we might end up there.

Went to Arby's today. Reuben sandwich was alright. Was going for the ribeye sammie but they were out of so many things, reuben was like my 6th choice. Gdamn the curly fries were extra crispy and just fucking amazing. Apparently 7-11 is doing 3.14$ whole pizzas tomorrow to celebrate pi day. The...

It's capped at 25Billion, so there's gonna be a lot of banks that go home sad after trying.

Okay, I honestly never expected people to be talking about how great the interest on their CDs is in this thread.

Nobody in line and got my money no problem. Better rush to the banks while all the normies are sleeping on this. They did have a security guard, which they’ve never had before.

Headed to the bank to withdraw all my cash. Planned to do this today for like two months, so feels like a weird coincidence.

This handyman saito episode. I didn't expect an animation flex like this. Bravo series, that was a fucking fun episode.

Guess we’ll just need a transitory decade of inflation so banks can prepare.

Why do I have a sneaking suspicion that people in the know will have a special hotline to get their money out, so once lawsuits come to shut this down they can screw over everyone else.

Tomorrow is definitely gonna be some madness at svib. I suspect the fdic will have some trouble making good on everyone having access to everything when a 100b in withdrawals come a knocking.

It almost certainly is a sign of both systemic problems and poor management at this bank. That said, properly managed this shouldn’t cause anything too bad, but if you have concerns about the people in charge properly managing this in light of how well the fed has preformed recently, I’d say you...

I bet the lawsuits to block this will be filed tomorrow.

25B of loans backed by treasuries feels like a fart in the wind if things kick off for real.

Don’t forget that their primary business is stealing money though.

I feel like announcing that the entire financial system is at risk of collapsing is probably not the sort of messaging you want here. This is obvious not good, but with proper management I feel like we could get through this with minimal pain.

If you buy a 1.5% interest rate 10 year bond at 70c on the dollar, it’s the equivalent of buying a 10 year with around 5.3% interest rate. Obviously how long each bond has left and what not will effect this math some. Not what I’d invest in, but there’s plenty of reasons that places would buy...

I wouldn’t be surprised if a lot of democrats, especially Cali ones, have fears of losing money over this. With how aggressively the FDIC is charging forward with an auction I can’t help but feel they’ll get low balled and this will be worse than it needs to be. I guess they’ve decided it’s more...

Yea I don't get it. Most of my jobs I started within a few days of applying, or at most two weeks. My current job was the only aberation, taking about 2.5 years from application to starting. I almost blew off the eventual call and the four week time for starting as a prank call.

Seems perfectly reasonable to me. Gonna take some time to sort everything out, and these people know they are losing their job, so it will take incentives to keep the grunts from scurrying everywhere. Depending on how bad this is under the hood, I’d be a lot more worried about fuck you in the...

I gotta withdraw 10k on Monday, so hopefully I can be part of the problem.

Movie looks like stupid fun. Strangest incident I ever remember was a game where one person tried executing an unconscious enemy in a bigger fight. Three rolls in a row where the dice were all the worst roll possible and he ended up killing himself with his own sword. Player got mad and stormed...

I chose Kilwa because I wanted a colonial game where I lock Europe out of SE pacific until they come through the Americas. I’m playing on my steam deck and the screen is a little small. Mostly just trying new stuff.

Figured out why Spain and ottomans alliance broke, Austria got PU’d by Spain lol, so Austria isn’t even in the HRE anymore despite making up almost half of its territory. This is the most cursed HRE. Even Denmark is starting to invade them. HRE will probably be completely absorbed by 1700 by...

League war is frequently a long slug fest. I’ve had wars go 15+ years just to end in basically a draw cause everyone’s war exhaustion got to high. Big wars in the HRE tend to be annoying at times because of all the conderatti changing hands, and armies that weren’t there at all popping up...

You're welcome @Sanrith Descartes. And this is obviously nothing like 2008, never said that it was. MBS are losing some value cause their interest is so low, so banks don't quite want to pay face value. That's nothing like the shitstorm that happened in 2008.

It seems they were dumping lots of money into MBS, basically betting on interest rates being low forever. With interest rates going up, smart people with huge piles of cash in the bank noticed this imbalance and started a bank run to safer places, forcing SVIB to fire sale those MBS below what...

That's a lot of meth.

I found it to be completely unnecessary. Claims are easy enough to get and your conversion speed is already high, so extra missionaries go to waste. Defender and divine is plenty.

Ottomans finally share a border with me in my chill work Kilwa game. Been expanding and investing heavily into force limit buildings to try and make it so I can balloon my army with mercs and fight on par with them long enough to get out of any war without a big loss. They haven't fabricated any...

Reading the FDIC memo, it sounds like they intervened before it became a total disaster ala lehman bros. With Credit suisse seemingly circling the drain, I wonder what other monsters are hiding in the banking sector.

I fucking destroyed 7-11 curry buns last time in japan.

The russian special action of the great push east. They colonize a lot of shitty provinces super fast, which then lets you conquer them them later. It'll take you 10X as long to colonize them, on top of having to take colonizing ideas to even do it. The big thing about Russia is they have...

Tis but a flesh wound.

Does the FDIC actually have any money saved up to pay out people who lose everything, or has that all been looted like everything else involving government? Never looked into it tbh.

Aggressive expansion is a huge part of playing in the HRE. It's very rare that you want to take more than 2-3 territories at a time there. Countries with a truce wont join a coalition, and countries with over 100 opinion of you will leave a coalition. Always check the AE flag in a peace deal...

Hidden Valley Ranch ice cream is coming to a Walmart near you Time for some super tasting.

Some meat handling places use dyes to mark things. Every now and then you get something like a steak where they messed up and spilled some and a spot is bright purple or something when I worked in a grocery store ages ago. Chicken won’t turn green naturally.

I have an extremely strict rule of never doing any financial transactions over my phone other than paying with my credit card. It’s too easy to do things like spoof a SIM card. Only reason a CC is fine is cause I can make the bank eat the loss if something goes wrong. So I never look at my bank...

Never bought. I don’t buy many individual stocks at all, and certainly not stocks which have a high likelihood of being a scam.

Days like today just put a warm feeling in my heart. I pull up my list of stocks and can’t help but smile when I get to COIN wondering if we’re at 475 yet. Not today!