Replies to post #405587 on Amarin Corp Plc (AMRN)

[IgnoranceIsBliss]

What is shows is how artificial even “risk-free” bond market investing is. The Fed’s insistence on wildly manipulating monetary conditions — the classic “I have only have a hammer so everything looks like a nail” lunacy — makes balance sheet management near impossible.

You do shit and hope those 12 idiots don’t get in a bad mood.

[lizzy241]

RMB, fairly accurate. The bank was shut down. According to Fdic law they're only obligated to pay out $250,000. Then depositors will have to stand in line for several years to see any money. Sad but true unless a consortium of HF or other finance entities decide to bail them out with iou's. Doubtful

[Whalatane]

RMB interesting article ...my take if U dont mind.
An example ...if U have $500k in the First Republic Bank in the SF area ( also used by startups out here ) ...are U keeping the entire $500k there on Monday knowing that only $250K of that is FDIC insured .
Its likely you'll move $250K to Wells Fargo or some other large local money center bank .
That way both accounts are covered by FDIC insurance

Thats just a small example ......but expect many local business, start ups etc , do that on Monday ....unless the Feds step in and provide some kind of back stop guarantee .

And First Republic is just one example ...there are several like them in Ca .

So unless the Feds agree to some kind of back stop ...expect money to flood out of any small regional bank that has SVB type exposure ...into large money central banks .

As for SVB itself .
The risk is that if the Feds do a complete bail out of all depositors , what kind of message does that send . " If you ( depositor ) don't diversify where U hold your $ and the bank fails ..we'll bail U out anyway no matter the cost "

The way this may shake out
Everyone gets their $250k covered and 90% of the remainder of their deposits at SVB
Smaller regional banks get some kind of back stop to prevent a "run on the bank " type contagion.

Where is AMRN's $300m plus held anyway ...Anyone know ?
Kiwi
Kyle Bass .

. First Republic Bank of California is next. With fair value losses that exceed its total equity, there’s probably nothing the government can do to save this one.

[FlyFishingStocks]

SVB telegraphed what was coming:

SVB's chart looks very similar to the AMRN long term chart.

Apparently, their management operates the same way too.
12 days ago (on Feb 27th), Gregory Becker, the CEO of Silicon Valley Bank, sold $3.6 million worth (11%) of his shares...
Daniel Beck, the CFO, sold 32% (around $600,000) of his holdings...
And finally, CMO Michelle Draper sold 28%...

Additionally, Silicon Valley Bank on Friday paid out annual bonuses to eligible U.S. employees, just hours before the bank was seized by the U.S. government. (- Dan Primack
, author of Axios Pro Rata)

[Jasbg]

Rose, You felt it during fridays market - somethin were 'causing fear for real' - in the US market - now we know why. Second largest potential Banck Crack ever in the US - no fun for anyone !

https://finance.yahoo.com/news/5-things-you-may-have-missed-in-investing-this-week-110002713.html