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Bank Failures Visualized

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Re: Bank Failures Visualized

#261

Post by andy_ppp »

igravious wrote: post #239
andy_ppp wrote: post #236

Earlier quoted context omitted.

So weird, should it not be the area of the circle being the value? The radius should be √(Area/π) not the square root of the value or am I misunderstanding?

Circles don't have volumes?

The volume of a circle would presumably be zero, but yes I've used the wrong word. I'll change it above. I sometimes wish there was a forum that allowed editing of spelling in other peoples posts and they could just accept the changes (same with Twitter). You could spend all your days correcting obvious mistakes...

Re: Bank Failures Visualized

#262

Post by JPws_Prntr_Fngr »

EGreg wrote: post #55
photochemsyn wrote: post #28

Community-scale banks (aka credit unions) are a better idea for local-regional communities (aka cities and towns and agricultural regions) because their managers have to live with their clients. Take a community of 100,000 families, in an economic system where they're all collecting income and paying bills and so on. The idea behind a bank is that they hold the community's money securely while making their own money…

Credit Unions are better also because they are literally libertarian socialism. Imagine Uber with no shareholder class - as a cooperative, and so on. No one to extract rents from the two sides of the marketplace, the people themselves own the network. So are housing cooperatives. They have low rent because there is no landlord class. Look at the Mitchell-Lama program in NYC, 30 years later they the most desirable and…

That article at therealdeal has me pretty stunned.

The headline story is that landlords are keeping rent controlled units vacant rather than renovating them which would be unprofitable, and daring the toothless regulators to do something about it. Ok, makes sense.

Then as a side note, the article mentions that they’re also deferring maintenance on whole buildings: roofs, boilers, cameras, etc. The fact that these landlords are incentivized not just to let a few units turn into roach hotels, but to let their whole buildings crumble, without the remaining tenants leaving to a better building - that’s a fundamentally broken market. Way beyond a few rent controlled units.

Re: Bank Failures Visualized

#263

Post by bhaak »

ivalm wrote: post #145
ajross wrote: post #132

Earlier quoted context omitted.

It's also leaving out non-FDIC bank failures like Lehman, Bear Stearns et. al. which would make the '08 crisis much (MUCH) larger. Basically post-2008 the class of "investment banks" basically disappeared. But none of that is shown in this chart.

They didn't hold deposits. So it's kind of reasonable. They are called "bank" but they aren't the same kind of institution.

But they held "value" that was "gone" from one day to the other which triggered the financial crisis.

In reality they weren't worth anything but the realization that those values were worthless was the trigger. But those values were on the balance sheets and should therefore be visualized as well.

Re: Bank Failures Visualized

#264

Post by hirako2000 »

navane wrote: post #193
bobbylarrybobby wrote: post #110

Earlier quoted context omitted.

And if the circles’ areas, not their radii, were the failed assets. As it is, a circle’s apparent size (we judge 2D shapes by their area, not any one linear dimension — although this is difficult to do in practice, and linear marks are generally superior) is the failure size squared , which distorts the data a boatload. Here is a, er, more faithful representation of the data. The recent failures don't look quite so c…

You ploted the size on a log scale and claim "the recent failures dont look quite so crazy anymore?" Is this a joke?

Log 10, and the scale doesn't start st zero as if to compensate.

What i find with graphs is that they scales and ranges are often chosen to look "alright" and always to communicate an intended message.

Aside those datasets anyway what's truely going now is most likely under the surface still. RemindMe! In a year.

Re: Bank Failures Visualized

#265

Post by thedufer »

sam_goody wrote: post #235
penguinten wrote: post #220

Earlier quoted context omitted.

> Even worse, well over half of the SVB bailout went to Do you have a source for this?

I don't have time to research now, but there were some well detailed breakdowns of the large payments when the bailout happened. The first relevant link in DDG is a statement by the Chairman of the FDIC. He claims that the top ten accounts held more than 13.3B between them, which is more than 10% of the total of all deposits in the bank, and more than half of the $20B that the government is expected to payout in tota…

I think that's a misinterpretation of the data. Based on reports, SVB had around 130B of deposits when it was taken into receivership. Something like 90% of that was uninsured, so around 115B of uninsured deposits. The 20B hole means that without FDIC backing the uninsured deposits, they still could have paid out over 80 cents on the dollar. So if the top ten accounts had about 13.3B of deposits, they only received less than 2.7B of the bailout - less than 15%, not "well over half".

Re: Bank Failures Visualized

#266

Post by usefulcat »

themagician wrote: post #173
bboygravity wrote: post #42

Earlier quoted context omitted.

JP Morgan is the biggest one. It can do ANYTHING it wants and get away with it. It can make 10 billion USD spoofing gold prices for a decade and get away with a 1 billion USD fine (and keep doing it) for example. The CEO can go on trips with Jeffrey Epstein, be friends with him and do business with him and get away with it. It made tons of money off of the Madoff ponzi by providing Madoff with a bank account and not…

I want something GOOD like FTX running on Quickbooks. That's what people need to aspire to these days. That's why I like Wells Fargo. Create fake accounts… so absurdly brilliant. JP Morgan might be the biggest, but I just don't have faith in them like I do Wells and Citibank or even HSBC. Some lame overly complex scheme isn't want I want. I want a decimal in the wrong place that everyone just ignores despite nothing…

> FTX running on Quickbooks

Quickbooks? I thought they were using post-it notes. Maybe I underestimated them..

Re: Bank Failures Visualized

#268

Post by stuff4ben »

Is it me, or does this kind of illustrate that the banking industry doesn't know what it's doing and cannot be trusted in the future? I don't know what the answer is, but these "fat cats" running banks really aught not to.

Re: Bank Failures Visualized

#269

Post by IceHegel »

bobbylarrybobby wrote: post #110
kypro wrote: post #79

Would be slightly more insightful if it was inflation adjusted. The circles on the right should be ~30% smaller.

And if the circles’ areas, not their radii, were the failed assets. As it is, a circle’s apparent size (we judge 2D shapes by their area, not any one linear dimension — although this is difficult to do in practice, and linear marks are generally superior) is the failure size squared , which distorts the data a boatload. Here is a, er, more faithful representation of the data. The recent failures don't look quite so c…

This uses a log y axis. The circles are actually better for visualizing.
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