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Message
1
Posted on 3/13/23 at 8:45 am to TigerOnTheMountain
Just my luck I am finally starting to roll in some decent interest and the banking system goes to hell. Can’t win
I truly hope these are two isolated events and it isn’t an omen
I truly hope these are two isolated events and it isn’t an omen
Posted on 3/13/23 at 9:11 am to anc
Please elaborate.
quote:
Posted on 3/13/23 at 9:30 am to Gaggle
quote:
Big banks go this week
Credit unions go next week
Hyperinflation a few weeks later
Is a quick chaotic panic process in which we all die from cannibal hordes but still makes the OP true
Yeah, I don't see it happening.
Posted on 3/13/23 at 9:39 am to anc
quote:If they can pull Regions's nails-on-a-chalkboard radio spots off the air, I'm all for it. Even better if they can torture the shite out of everyone involved.
Buddy of mine in Mississippi banking says that Citi has been eyeing Regions for a while.
Posted on 3/13/23 at 9:47 am to VolcanicTiger
F PNC, they (along with HEB and others) sponsored this drag show for kids.
Posted on 3/13/23 at 9:47 am to VolcanicTiger
I know nothing about credit unions other than that it seems they attract lower-credit-type people and there's always a police vehicle stationed there. I've heard that people who have trouble opening a bank account have less trouble with a CU. I've never had trouble with banks so never used 'em.
Posted on 3/13/23 at 9:49 am to NC_Tigah
quote:
Looks dubious. Is there a source for the charts?
Like every other fear-mongering thread that ever exists here the source is
"Just trust me, bro"
Posted on 3/13/23 at 10:05 am to anc
Overblown. SVB failed because of their massive purchases of Mortgage-backed Securities. Signature Bank because of their heavy investments in Crypto.
Posted on 3/13/23 at 10:07 am to TNTigerman
quote:
Overblown. SVB failed because of their massive purchases of Mortgage-backed Securities. Signature Bank because of their heavy investments in Crypto.
Signature did not have a heavy exposure in crypto. I have no clue where that rumor came from.
SVB failed because it had a bank run. Full stop. Without that it would have been fine.
Posted on 3/13/23 at 12:39 pm to jonnyanony
quote:
Signature did not have a heavy exposure in crypto. I have no clue where that rumor came from.
KNow before you speak: NYT - Regulators close crypto-focused Signature Bank
NYT - Signature Bank's Collapse fueled by Crypto bets and Run on Deposits
For SVB - why don't you do a little research to determine what symptom caused the effect?
Posted on 3/13/23 at 12:53 pm to anc
I had more than the FDIC insured amount in a bank in California. Had to move a large amount this morning to another bank so that both accounts are just under the 250k. At least if something happens, they're covered by FDIC.
I have plenty of cash on hand though.
I have plenty of cash on hand though.
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