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re: 2024 bank failure predictions
Posted on 1/31/24 at 5:26 pm to mule74
Posted on 1/31/24 at 5:26 pm to mule74
quote:
work for an insurance broker owned by Truist. We are about to get sold off because they need the money to raise liquidity. It’s not a secret. It’s in all of the trade journals.
I can confirm this with first hand knowledge.
Not particular to Truist, but isn’t the issue mostly loan income drying up and their assets in long term treasuries that haven’t been adjusted to reflect rising rates? Everyone is pulling cash to go to MM funds so selling these and booking the loss to provide liquidity is a problem.
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