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re: Don't look now but another bank is about to go under

Posted on 5/3/23 at 4:48 pm to
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41114 posts
Posted on 5/3/23 at 4:48 pm to
CNCB has been repeating the talking point of how many banks we have compared to the European countries. If they guarantee all bank deposits and removal all moral hazard, we will be left with utility companies. Socialism. They've designed this to fail just like Obamacare was designed to fail.
Posted by SelaTiger
Member since Aug 2016
17987 posts
Posted on 5/3/23 at 5:10 pm to
This shouldn’t be a big deal. We have plenty in the treasury to make sure they don’t fail.
Posted by teke184
Zachary, LA
Member since Jan 2007
95429 posts
Posted on 5/3/23 at 5:12 pm to
The entire point of our country having more banks than elsewhere was to separate risk based on who you work with.

The Bank of England damn near got broken by Soros fricking with them probably 30 years ago IIRC.
Posted by TerryDawg03
The Deep South
Member since Dec 2012
15713 posts
Posted on 5/3/23 at 5:34 pm to
quote:

The shares of many West Coast regional banks have been hit particularly hard since the collapse of Silicon Valley Bank in March, in part because of concerns that their customer bases are similar. This week, First Republic Bank was seized by regulators and sold to JPMorgan Chase.


The California Department of Banking and Finance and the San Fransisco Fed need to be reviewed. Possibly any west coast OCC offices as well. Whoever has oversight of these banks for safety and soundness.

The irony with these banks is that their concentration of depositors over the FDIC threshold is ridiculously high, and any bailouts are bailing out the depositors this time. These depositors need to be identified for any ties to politicians and government.
Posted by LSUAngelHere1
Watson
Member since Jan 2018
8146 posts
Posted on 5/3/23 at 6:31 pm to
And Western Alliance
Posted by LSUAngelHere1
Watson
Member since Jan 2018
8146 posts
Posted on 5/3/23 at 6:32 pm to
It’s intentional. That’s why they raised rates again today.
Posted by RELEE
Member since Sep 2021
71 posts
Posted on 5/3/23 at 6:35 pm to
I am going to continue to sell juicy puts on SLG. I am bullish even with the increasing interest rates.
Posted by Landmass
Member since Jun 2013
18137 posts
Posted on 5/3/23 at 6:40 pm to
Sale?
Posted by tgerb8
Huntsvegas
Member since Aug 2007
5988 posts
Posted on 5/3/23 at 7:07 pm to
quote:

So is it the banks or the government?


To me, that's the same as trying to differentiate big tech from govt. big banks will by up little banks. and then merge into a single "private" bank. that's controlled by government. can't help but think all these collapses are related to ushering in CBDC.
Posted by Herooftheday
Member since Feb 2021
3830 posts
Posted on 5/3/23 at 7:44 pm to
New World Order requires this.
Posted by oldskule
Down South
Member since Mar 2016
15476 posts
Posted on 5/3/23 at 7:50 pm to
And that trend is HORRIBLE for the consumer! Large national banks are awful to deal with....
Posted by Landmass
Member since Jun 2013
18137 posts
Posted on 5/3/23 at 7:53 pm to
quote:


And that trend is HORRIBLE for the consumer! Large national banks are awful to deal with....


The government is giving all of these banks to JP Morgan Chase. One bank to rule them all.
Posted by BigBinBR
Baton Rouge
Member since Mar 2023
4140 posts
Posted on 5/3/23 at 7:55 pm to
You can tell in that picture that. Biden is a fair man because he only got 1 scoop of ice cream and not 2.

Also, why does he have $20 out. No way that ice cream costs that much and the background looks like he is at someone’s home.
Posted by HooDooWitch
TD Bronze member
Member since Sep 2009
10267 posts
Posted on 5/3/23 at 8:07 pm to
Getting ready to roll out the Digital Currency. Once this happens, and they get rid of paper money, they will own our asses. Game over. :upside down American flag:
Posted by teke184
Zachary, LA
Member since Jan 2007
95429 posts
Posted on 5/3/23 at 8:09 pm to
The banking industry appears to have a major issue with “too small to be big, too big to be small.”

A lot of these assholes think they are going to be major players and it all goes good until their depositors start bailing on them, at which point they can’t meet liquidity requirements.

Smaller banks are more likely to be fine in part because they likely aren’t getting fricked when a few key depositors bail on them.
Posted by stuntman
Florida
Member since Jan 2013
9099 posts
Posted on 5/3/23 at 8:21 pm to
Here me out; Trillion. Dollar. Coins.

We can't lose!
Posted by dbbuilder79
Overton NV
Member since Dec 2010
4151 posts
Posted on 5/3/23 at 8:26 pm to
quote:

another bank is about to go under



Yeah, but this happens ALL THE TIME!! we're just now paying attention because there's a spotlight on it!


~board leftists
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
10694 posts
Posted on 5/3/23 at 11:18 pm to
Posted by Tarps99
Lafourche Parish
Member since Apr 2017
7420 posts
Posted on 5/4/23 at 3:53 am to
quote:

This shouldn’t be a big deal. We have plenty in the treasury to make sure they don’t fail.
m
And if we run out we will just print more?
Signed
The Federal Reserve & Bureau of Engraving and Printing
Posted by OccamsStubble
Member since Aug 2019
4991 posts
Posted on 5/4/23 at 6:04 am to
quote:

Trump aint going to lose in this economic environment



His tenure saw the US spend more than they took in, so he is in part responsible for this environment, as is every President going back to Carter. Inflation is the bubble that built for 4 decades, and then burst.
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