Miscellaneous News

[Overbom]

97% of depositors have accounts at SVB exceeding 250k by very significant quantities. You don't run a startup without operating cash in the millions. So the haircuts will be massive.

No. SVB assets to deposits ratio was about 1. So their assets can cover their deposits.

The problem is that it will take time to convert these assets to hard cash. And that's what's the problem here. While the regulators try and sell all these assets, all these startup companies need access to their money now (not a year/s later), otherwise they will have to close shop or go to fundraise from their investors again..

So as I said, everyone will get back their money with a 10-15% haircut, eventually... Now how long this will take, months, years. Who knows.

Ideally, from the regulators's perspective it would be best if a much bigger bank just outright bought SVB on the cheap and then immediately honoured the SVB deposits. However looking at the past, negative, example of Wells Fargo, no bank is ain't going to do it unless the regulators sign up on some solid guarantees.

 

[CMP]

Anyway, with all that Saudi-Iran peace news stuff, surely Mr. Xi deserves the Nobel Peace award, right?

That award is given only to the biggest warmongers, compradors, imperial governors of colonial territories, etc. Xi is unqualified for it.

 

[Overbom]

Seems nobody got the sarcasm on that Nobel peace award post. Will insert a /s next time lol

 

[Chimpoo]

Sometimes, I really do wonder if those that travel to India doesn’t know one thing about what is safe and dangerous in that nation given that the place does have the label ‘rape capital of the world’ for a reason. Sometimes I get the feeling that these people go to that nation on purpose to experience such terrors and really, I get the feeling that one would probably find greater levels of safety going to Moscow/Tehran for a holiday then new Deihi but then again, if a western female does got to India, then it’s totally on them because well everyone that goes to India is fair game, which is terrifying if one thinks about the implications. This is no laughing matter because China with its population size does not have anywhere near the same difficulties (in fact I have yet to here of a single case happening in China) which speaks volumes on how much damage the caste system has done to India as a whole and simply put, how far away any dreams of being a super power India truly is

Yeah, that is the perception that seems to have been been promoted by the Western media the last decade or so.
Just like some Westerners might associate the province of Xinjiang with the genocide of Muslims they might hear New Delhi and think gang rape,due to the prominent reporting of one particularly nasty case by the BBC.

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The UN Secretary General's spokesman also got involved:

The

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's spokesman

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stated on 5 March, "I'm not going to comment on the unspeakable comments that were made by the person accused of raping this girl, but I think the secretary-general has spoken very clearly on the need to halt violence against women and on the need for men to get involved in halting violence against women and decrying it loud and clear every time it occurs."

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Still, the rape statistics(number of rape incidents per 100,000 citizen) don't really bear this perception out. India is way down that particular league table







Some of the "leading" nations in the field:



Source:

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Not entirely sure how much store you can put into those figures. Different countries are more or less assiduous about collecting data on rape incidents and- for that matter- there might be different criterion for determining what constitutes rape.

Also, anecdotally there does seem to be a bit of harassment of Western tourists in India and there probably is high underreporting of sexual violence against women there. But there certainly does seem to be a curious discrepancy between the perception and the statistics..

 

[ansy1968]

That award is given only to the biggest warmongers, compradors, imperial governors of colonial territories, etc. Xi is unqualified for it.

Bro you forget to include projectionist like Obama, a true Machiavellian .

 

[taxiya]

Not entirely sure how much store you can put into those figures. Different countries are more or less assiduous about collecting data on rape incidents and- for that matter- there might be different criterion for determining what constitutes rape.

Difference in criteria certainly plays a big role to put Sweden high in the list. If a man had sex with a drunk woman after a wild party, it is a rape if the woman says so afterward, it is only up to her mind. Assange is a good example, even though it was a honey trap setup by US it was still a rape by Swedish law.

 

[horse]

Whats funny is that its the "safe" US treasuries that caused them to collapse. The bank received a lot of deposits (print print baby!) last year but due to government regulation they had to invest that money in "ultra safe" ways (ie. US treasuries lol). So thats what they did.

Problem is that they bought the US treasuries with very low yield, and then the FED started hiking rates, and now when the bank needed to sell some of its US treasuries it was holding, surprise surprise, no one wanted to buy them because they had a yield of 1 or so percent while out there the current treasuries have a yield of >3.5%. So they had to give a big discount in order to get that liquid cash from selling them.

Venture Capitalist firms learn the news that the bank is basically fucked because like stupid monkeys they were holding a depreciating (papa FED going to keep increasing rates) asset and they noped the fuck out. News spread around and from a few withdrawing their money, everyone started doing it lol.. And that's how they got a delicious bank run. The regulators had to get involved because at that point the bank didn't have enough cash at hand to service all these withdrawals.

In any case, the bank's assets are enough to cover the deposits, but the problem is that they are not immediately accessible (investments, loans, bonds etc). Most likely everyone, in the long term, will get a 10-15% haircut on their deposits (except the <250k accounts).

So what's the lesson from of this mess? Buy US treasuries with low yield (when everyone knew that inflation was coming and that the FED would have to hike rates) and get fucked now. What's funny here is that the bank was forced by the regulators to buy these toilet paper bonds lol

Anyone else remembers all these idiots who were buying US treasuries 30-year bonds with 1 or 1.5% yield..

Thanks for the update.

A old time classical bank run, straight out of the early 1900's hundreds, but with a modern twist of Treasuries, near zero interest rates, and a QE happy Fed.

Looks like an isolated problem, to be solved quickly.

The Chinese would buy this bank, if allowed, lol. Chinese banks are the biggest banks in the world. They do not fool around too much with the derivatives.

Here, does not appear that they were even into that.

 

[coolgod]

Yeah, that is the perception that seems to have been been promoted by the Western media the last decade or so.
Just like some Westerners might associate the province of Xinjiang with the genocide of Muslims they might hear New Delhi and think gang rape,due to the prominent reporting of one particularly nasty case by the BBC.

Please, Log in or Register to view URLs content!

The UN Secretary General's spokesman also got involved:

The

Please, Log in or Register to view URLs content!

Please, Log in or Register to view URLs content!

's spokesman

Please, Log in or Register to view URLs content!

stated on 5 March, "I'm not going to comment on the unspeakable comments that were made by the person accused of raping this girl, but I think the secretary-general has spoken very clearly on the need to halt violence against women and on the need for men to get involved in halting violence against women and decrying it loud and clear every time it occurs."

Please, Log in or Register to view URLs content!

Still, the rape statistics(number of rape incidents per 100,000 citizen) don't really bear this perception out. India is way down that particular league table

View attachment 108970


View attachment 108968


Some of the "leading" nations in the field:

View attachment 108969

Source:

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Not entirely sure how much store you can put into those figures. Different countries are more or less assiduous about collecting data on rape incidents and- for that matter- there might be different criterion for determining what constitutes rape.

Also, anecdotally there does seem to be a bit of harassment of Western tourists in India and there probably is high underreporting of sexual violence against women there. But there certainly does seem to be a curious discrepancy between the perception and the statistics..

According to that website India's rape rate is about the same as Hong Kong's.
Doubt.jpg

 

[Michaelsinodef]

According to that website India's rape rate is about the same as Hong Kong's.
Doubt.jpg

Isn't there stigma if women in India were to come out or report to the police that they got raped? Moreover, I think we had someone post a news about some women in India reporting rape, after which she got raped by police.

In general, it's really hard to find accurate statistics on rape, since women not coming out and reporting that they got raped isn't that uncommon. And some countries differs in their way of judging what is rape or not (sweden is high, cuz women can report drunk after party sex as rape the next day, and likely less stigma compared to more conservative cultures).

Not to mention, the actual statistics coming out from the various police stations in a country might not be all that accurate, especially for a country like India that is rather decentralised with the inner federal states having quite a lot of autonomy. And in general the country is backwards/poor, some police stations might really not have the best computers and so on to note down stuff, even here in 2020s.

 

[xypher]

According to that website India's rape rate is about the same as Hong Kong's.
Doubt.jpg

Yeah, these Indian stats are bs. First of all, in most countries women are still shamed and feel insecure about reporting rape to police, and in India that problem is even worse due to their societal structure, so in e.g. Sweden women will report sexual assault more frequently on average than Indian women under the same assault rate. Secondly, police itself can dismiss or process the case under different law even if woman reported to police, and again the societal structure comes into play there. Another big case is what is counted as "rape" in these countries under the law, which can skew the values heavily. Finally, the data is self-reported by India and could be easily massaged to make them look better, and Indians care A LOT about opinions of other people (think of all the yt bloggers who gain tens and hundreds of thousands of views by just positively reacting to some Indian videos).

I don't for a second believe that HK and India have the same rape rates or that women are almost 35x likely to get raped in Sweden than in India.