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Midsize Bank Coalition ($15B-$115B In Assets) Officially ask FDIC to insure all depositors
Posted on 3/18/23 at 4:46 pm
Posted on 3/18/23 at 4:46 pm
Midsize American banks officially requested that the FDIC insure all of their institutions depositors the same way they guaranteed SVB and Signature. Problem is the FDIC only has $400B in cash, these banks combined have over $9 Trillion in deposit money. If the FDIC agrees you could expect QE to kickback in which would in turn bring us to hyperinflation.
LINK
The Day The Dollar Died
LINK
The Day The Dollar Died
This post was edited on 3/18/23 at 5:03 pm
18
Posted on 3/18/23 at 4:47 pm to Catchfalaya
Contagion.
Posted on 3/18/23 at 4:47 pm to Catchfalaya
This is why bailing out SVB was a bad fricking idea.
Setting the precedent to cover deposits regardless of how far over the limit they were just made everyone else want the same treatment.
Setting the precedent to cover deposits regardless of how far over the limit they were just made everyone else want the same treatment.
Posted on 3/18/23 at 4:53 pm to Catchfalaya
quote:
which would in turn bring us to hyperinflation.
im ready
Posted on 3/18/23 at 4:59 pm to momentoftruth87
quote:
im ready
I'm not, but let's get it on
Posted on 3/18/23 at 5:00 pm to momentoftruth87
Well this is gonna get pretty nasty it seems.
Posted on 3/18/23 at 5:04 pm to Catchfalaya
That looks like a well researched investigative report. 
This post was edited on 3/18/23 at 5:05 pm
Posted on 3/18/23 at 5:05 pm to Catchfalaya
https://u.today/bitcoin-btc-at-1000000-in-90-days-insane-bet-by-balaji-srinivasan
Bitcoin (BTC) at $1,000,000 in 90 Days: Insane Bet by Balaji Srinivasan
Balaji Srinivasan places $2 million bet on Bitcoin (BTC) 40x rally in 90 days Yesterday, on March 17, 2023, Balaji Srinivasan announced that he is placing a gargantuan $2,000,000 bet on Bitcoin (BTC). He is sure that Bitcoin (BTC) will be worth over $1,000,000 in 90 days. Otherwise he will pay $1 million to his opponent.
Balaji Srinivasan is well known for his forecasts about social and political trends he made on the eve of the global 2020 crisis. His aggressive bet is also made amid an accelerating banking collapse.
Bitcoin (BTC) at $1,000,000 in 90 Days: Insane Bet by Balaji Srinivasan
Balaji Srinivasan places $2 million bet on Bitcoin (BTC) 40x rally in 90 days Yesterday, on March 17, 2023, Balaji Srinivasan announced that he is placing a gargantuan $2,000,000 bet on Bitcoin (BTC). He is sure that Bitcoin (BTC) will be worth over $1,000,000 in 90 days. Otherwise he will pay $1 million to his opponent.
quote:
Srinivasan stressed that hyperinflation is inevitable due to the insolvency and ignorance of the bank system and financial regulators in the United States: The central bank, the banks, and the bank regulators have bankrupted all of us. They hid their insolvency from you, the depositors. And they're about to print $2T to hyperinflate the dollar Balaji Srinivasan is well known for his forecasts about social and political trends he made on the eve of the global 2020 crisis. His aggressive bet is also made amid an accelerating banking collapse.
Balaji Srinivasan is well known for his forecasts about social and political trends he made on the eve of the global 2020 crisis. His aggressive bet is also made amid an accelerating banking collapse.
This post was edited on 3/18/23 at 5:07 pm
Posted on 3/18/23 at 5:06 pm to Catchfalaya
I don’t have a problem with the FDIC covering depositors as long as they vaporize all the bank investors equity like they are SVB.
Posted on 3/18/23 at 5:08 pm to billjamin
Over $250k, frick you. You knew the rules.
Posted on 3/18/23 at 5:10 pm to teke184
quote:
This is why bailing out SVB was a bad fricking idea. Setting the precedent to cover deposits regardless of how far over the limit they were just made everyone else want the same treatment.
Not just “want” the same treatment but I’m not sure how they can legally pick winners and losers. Equal protection and all.
Posted on 3/18/23 at 5:12 pm to TDTOM
quote:
Over $250k, frick you. You knew the rules.
Do you understand how unrealistic that is for even a medium sized business?
Posted on 3/18/23 at 5:20 pm to Mid Iowa Tiger
True. And the whole thing smacks of 2008 and exactly why Lehman did NOT get a bailout.
Lehman was going to get a bailout until the banks realized that bailing them out would just mean another bank went bust instead, which was pretty much assured given the AIG numbers given to top decision makers to look at showing how many billions they needed to cough up as collateral on their securities.
Lehman was going to get a bailout until the banks realized that bailing them out would just mean another bank went bust instead, which was pretty much assured given the AIG numbers given to top decision makers to look at showing how many billions they needed to cough up as collateral on their securities.
Posted on 3/18/23 at 5:32 pm to billjamin
I think 250k is fine for individuals but it should be a percentage for businesses. Say 50% insured for small business, 25% for big corporations
Posted on 3/18/23 at 5:35 pm to billjamin
quote:
I don’t have a problem with the FDIC bailing out depositors
FIFY
Posted on 3/18/23 at 5:40 pm to Catchfalaya
This Coalition definitely needed to do this to help stop people moving money to the big banks that this govt essentially said will get special treatment.
Bailing out SBV and the others wasn't a good look, but it's done now and smaller banks can't be asked to help with the bailout and not get the same security blanket.
Bailing out SBV and the others wasn't a good look, but it's done now and smaller banks can't be asked to help with the bailout and not get the same security blanket.
Posted on 3/18/23 at 5:49 pm to KAGTASTIC
Especially what amounts to a bailout with no strings attached.
These depositors were just bailed out by the US government, to protect the system, and no those depositors are free to take their money out of the system by going off shore or into decentralized products.
If you are going to do a bail out, the depositors should have been required to put their uninsured deposits into short term treasuries or otherwise kept in the US financial system.
These depositors were just bailed out by the US government, to protect the system, and no those depositors are free to take their money out of the system by going off shore or into decentralized products.
If you are going to do a bail out, the depositors should have been required to put their uninsured deposits into short term treasuries or otherwise kept in the US financial system.
Posted on 3/18/23 at 6:11 pm to ned nederlander
Would have been the east way to do it… SVB’s assets were heavily into T bills which weren’t liquid because the change in interest rates makes them worth less than face value of you sell them, though they will still mature for face value.
Posted on 3/18/23 at 6:17 pm to Catchfalaya
Good Lord....
and we got a dumbass in the Whitehouse to manage this clusterfrick!
2024 needs to be here NOW.
and we got a dumbass in the Whitehouse to manage this clusterfrick!
2024 needs to be here NOW.
Posted on 3/18/23 at 6:24 pm to teke184
quote:If depositors got screwed over because they dealt with a small bank, you’d only have 4 banks left. And the FDIC would be “bailing out” everyone else.
This is why bailing out SVB was a bad fricking idea.
quote:That precedent had been around for a long time. No one over the limit or not lost deposits when 300+ banks failed (actually insolvent) 2007-2009.
Setting the precedent to cover deposits regardless of how far over the limit they were
quote:You mean get the same deal that depositors in the big four able get? How dare they.
just made everyone else want the same treatment.
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