Some banks rushed to reassure. lenders First Republic Bank and Western Alliance issued statements to say liquidity and deposits remained strong, even as shares in both companies fell more than 14% Friday.
Germany’s Commerzbank, meanwhile, said that it saw no “corresponding risk” to itself on a day that its shares fell 2.6%.
Rhaenys was not passive, and it felt this was an incredibly valuable moment to — rather than have her just bear witness to something — be able to take part in it. “We really wanted to make sure that there was meat on her character. But her moral standpoint become the reason for inaction rather than action.”
Her son Laenor is apparently dead. Rhaenys’ daughter Laena is dead. Alicent explains she came to Rhaenys to ask for her support. Only Rhaenys’ husband Lord Corlys Velaryon cares about the Iron Throne and he’s also potentially on his deathbed after a six-year trip to war. Rhaenyra’s heirs are of questionable non-Velaryon heritage. Alicent argues that House Velaryon’s alliance with Princess Rhaenyra has only brought misfortune.
Even so, signs of market unease have grown in recent days: the S&P 500 fell 4.6% this week, nearly erasing its gains for the year, while the Cboe Volatility Index, known as Wall Street´s fear gauge, surged to its highest level in 3 months.
Rhaenys also knows that, if she sticks with Rhaenyra, their side is still more powerful. Even if Rhaenys retreats now, her side stands a good chance of winning any ensuing wars. Basically, Rhaenys rules.
Yields on two-year Treasuries saw their biggest plunge since the 2008 financial crisis. That suggests a flight to safety among investors as well as bets that economic distress may force the Fed to ease up or reverse its aggressive tightening.
This is the only way Rhaenyra will be encouraged to negotiate and avoid war. Rhaenys is astute again, seeing through Alicent’s words and help me my math homework realizing that House Hightower needs her dragon to overmatch Rhaenyra.
What do Alicent and Rhaenys say to each other before the coronation? Halfway through episode 9, Alicent pays Rhaenys a visit in her quarters, where Rhaenys was being held prisoner. She informs Rhaenys of King Viserys’ passing, and Rhaenys quickly ascertains that Alicent is usurping the throne from Princess Rhaenyra.
She might have believed Alicent would do her best in guiding her son on the right path. It seems that Rhaenys understands Alicent more than the other way around. Seeing Alicent at the coronation ceremony, standing in front of her son, Rhaenys might have decided to have faith in Alicent. Rhaenys, taking control of the situation, chooses a moral stance against violence and destruction and instead believes there might be a way to peace.
“When you go this aggressively into a hiking maneuver after creating so much inflation you´re going to break something,” said Kyle Bass, founder and tutor for kindergarten chief investment officer of Hayman Capital Management.
Facing down the Hightower clan — including Queen Alicent, her father Otto and her son Aegon — Rhaenys has the opportunity to end the Hightowers’ reign for good. Rhaenys shares a meaningful look with Alicent, who’s standing protectively in front of Aegon, before she and Meleys fly off. All she has to do is say “Dracarys,” the High Valyrian (language of the old Valyrian Freehold) word for “Dragonfire” and order Meleys to breath fire. Instead, Meleys lets out a deafening shriek.
He added that there is a consensus in Congress that the shareholders of the bank ‘ought to lose their money,’ but that there are considerations of a bailout for depositors if no buyer comes in to save the day.
Former Federal Deposit Insurance Corporation (FDIC) chair Sheila Bair agreed with Warner, telling NBC’s Meet the Press program on Sunday morning that she also believes the best case is for SVB to find a buyer.
California banking regulators shut down Silicon Valley Bank on Friday after the bank, which had $209 billion in assets at the end of 2022, saw a run, with depositors pulling out as much as $42 billion on a single day, rendering it insolvent.
When asked if the government is considering a bailout of SVB, Warner bucked and said he wants to wait until the end of the day to speculate on next moves because he is ‘optimistic’ there is a solution before that point.
Treasury Secretary Janet Yellen and the White House both noted the U.S. banking system remains more resilient than it was in 2008 financial crisis. administration said they see few signs of a 2008-style financial crisis, in which failing institutions threatened to bring down others in their wake.
Rhaenys and Meleys then burst through the floorboards, sending the ceremony into chaos. Why didn’t Rhaenys burn the Hightowers? She slinks away as Aegon receives the Conqueror’s crown, managing to descend beneath the floorboards and reunite with her red-hued she-dragon Meleys. Despite having been imprisoned by the Hightowers, Princess Rhaenys chooses to spare their lives — for now. After escaping her room with the help of defected knight Erryk Cargyll, Rhaenys finds herself swept up in Prince Aegon’s coronation ceremony.
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