re: If you bank at one of the orange banks, gonna be a hell of a week

quote:

---

quote:Schwab is all sorts of fricked I believe. How so?

---

From what I’m hearing, Schwab might have a just as large unrealized loss impact on capital ratios as SIVB.

quote:

---

Schwab might have a just as large unrealized loss impact on capital ratios as SIVB.

---

Are you hearing this informally or are there sources you can cite? The personal ramifications (if Schwab was in trouble) would be very different for posters here as compared to SVB.

quote:

---

Big banks go this week
Credit unions go next week
Hyperinflation a few weeks later

---

why would hyperinflation occur?

I imagine a collapse of our financial sector would be pretty deflationary

quote:

---

Sorry just passing along information I’ve heard and I’m not citing any source.

---

Okay. If that's the case and your comments are just based on something you heard from somebody, it's probably poor form to post "Schwab is all sorts of fricked." If there is any reasonable basis for the post, that's a wholly different story though.

On the upside, as someone with significant exposure in SCHW (& AMTD), I'm certainly taking a second healthy look at MM and cash positions there.

Go back and reread my follow up post as I provided a reasonable basis. Sorry for providing a bit of information for this forum and I will remove myself from this discussion.

BTW, SCHW -11.69% pre-market.

Peace

quote:

---

I'm well below 250k there, though

---

Yeah, just rub it in SFP. Rub it in.

As a related point here, for those folks with joint accounts, FDIC protection extends to both i.e., $500K. There are other ways to extend protections also, via trust accounts, etc.

quote:

---

reread my follow up post as I provided a reasonable basis

---

Okay. I guess I'm overlooking it. Why not just repost/quote or restate it?

quote:

---

I will remove myself from this discussion

---

That's your choice. No one is asking you to exit the thread.

quote:

---

I bank at Wells Fargo…can someone with better understanding, help me to understand why banking at a credit union is better. I appreciate it.

---

There's not a lot of people with better understandings in here. I've read posts from guys saying to find an FDIC-insured credit union . The FDIC insures banks, the NCUA insures credit unions. Both up to $250K. If you have a spouse on the account, it's $500K. Any amount over that, you need to find a different ownership category or deposit that amount at another insured institution.

To directly answer your question, "better" is subjective. Banks who might be in trouble after this fallout are actually more of the small/mid-size regional banks who certainly can't handle a bank run. The "corporate conglomerate" banks like WF, JPM, Citi, BOA would collapse the entire economy if they fell.

There's nothing to worry about for 99.9% of people.

quote:

---

Hancock Whitney has been in a lot of trouble because they have insane overhead costs. They're shutting down physical locations and selling branches as fast as they can.

---

werent they bought by Regions about 5 years ago?

quote:

---

If a bank fails, what happens to loans they've made? For example, to whom would you pay your mortgage and how?

---

Packaged up in blocks and sold to another mortgage or debt servicer. Someone like Mr Cooper is probably looking to pick up mortgages on the cheap. Hell, your debt may even wind up owned by a hedge fund like Blackrock.