Recent comments in /f/wallstreetbets

robbinhood69 t1_je7obv3 wrote

Reply to $FRC - Puzzle Pieces by PussyBreath007

all the big banks had deposits grow as FRC depositors fled

those same big banks, deposited the same money back at FRC, presumably for interest

if the same big banks would have refused, FRC would have collapsed and thru FDIC those big banks would have had to repay the depositors anyways

this is a freaking shell game OP and you are falling hook, line, and sinker for it. Also, the deposits are only agreed upon for 120 days. Tick tock, u still have time to exit this position before u get 0'd bro

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That-Relation-5846 t1_je7o8jy wrote

Reply to comment by KenGriffinsDaddy in $FRC - Puzzle Pieces by PussyBreath007

>Pretty sure Moody’s just said unrealized losses represent almost 40% of the money FRC set aside to absorb losses and they would also take losses on a large amount of residential mortgage loans, which is why they downgraded them to That hasn’t changed. It’s alarming that they needed the 30 billion schneebs from their buddies to survive, no? There is more to this than they are leading on for sure but what we see and know is more than enough to stay away. The fucking thing was trading at $147/share less than 2 months ago. Big depositors and smart money left/sold and I have my doubts it was simply because “they unfairly lost confidence”

FRC is an SF bank; there's a lot of overlap between their customer base and SVB's customer base. When SVB went down, it was inevitable that the jitters would spread to the other local bank that services a ton of rich people in the same area.

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