{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Avoid Crisis","title":"SIVB (parent of SVB), Form 10K gets a drill down. Pay attention to the footnotes.","html":"","width":"100%","height":180,"duration":3259,"description":"March 30, 2023 - Avoid Crisis hosts Reynaldo Arellano and Allen Plyler open up about being a real podcast for real people, and that includes being in the process of figuring out technical challenges.   Strange footnote in Form 10K from SVB parent gets a drill down on what it could mean.  FTX impact is not fully known yet.  First callouts for guests invited to the podcast are made.Key Points from Rey:You have to be aware of issues and that starts you down the path of Avoiding a Crisis.Again, calling for FDIC to raise the insured deposit limits to $500,000We have buyers for Signature and SVB assets, do they know what they bought? Technology now permits rapid deployment of funds and transfers.  This is a part of the escalation of risk in the financial sector.The Fed and FDIC need to take action now to avoid a crisis.Money is going to get really tight.  Companies are not getting funded and rough waters are coming.Monitor your cash and cut back on spending to get through an upcoming recession.California residents are getting relief on tax payments and due dates.  Details provided on who benefits and the extensions provided.  Counties impacted include 44 counties in California.ReyRey invites a guest as well.  To respond he asks for email to Rey@AvoidCrisis.comWarrant BuffetKey Points from Allen:Is the market thinking this crisis is over?  Is there really a guarantee of all deposits?  What impact would there be if there are a large number of people pulling out of the bank?The movement out of deposits in banks is happening in both large and smaller banks.FDIC got an equity kicker in the deal, what about the equity holders that were taken effectively to zero.The guarantee of uninsured deposits as a government backstop was too little too late.What if the government acted faster to stop the run on SVB with a guarantee of the uninsured deposits?You may need a financial planner now to help avoid a crisisWith reminders of “It’s a Wonderful Life”, Allen asks for the Jimmy...","thumbnail_url":"https://img.transistorcdn.com/_AOfILLyaGP4Yslw8CtAqNgEfnClfxGgQ3-mzMqbkv0/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQwMjc2LzE2ODAy/Nzg3ODgtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}