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Started By
Message
US banks hold over $600 Billion in unrealized losses
Posted on 3/21/23 at 7:40 am
Posted on 3/21/23 at 7:40 am
Posted on 3/21/23 at 7:41 am to stout
Nothing a couple hours in the printer room can’t solve.
Posted on 3/21/23 at 7:42 am to stout
Joe can make good on that from his Ukraine fund.
Posted on 3/21/23 at 7:42 am to stout
Shouldn’t whoever figured this out let them know?
Posted on 3/21/23 at 7:43 am to stout
When Ukraine pays us back we will be fine.
Posted on 3/21/23 at 7:43 am to stout
Us banks hold trillions in assets
Posted on 3/21/23 at 7:43 am to OysterPoBoy
quote:
Shouldn’t whoever figured this out let them know?
I am sure they are aware
Now imagine what happens to these banks if people start pulling money out to hoard cash under their mattresses.
Posted on 3/21/23 at 7:44 am to The Baker
quote:
Us banks hold trillions in assets
The big 4 do. Regional banks do not.
Posted on 3/21/23 at 7:50 am to stout
It’s almost like perfect way to federalize the Banking System and move to digital currency/ ESG for all. …
This post was edited on 3/21/23 at 7:50 am
Posted on 3/21/23 at 7:51 am to stout
Anyone who thinks we should tax unrealized gains should be asked what they think about unrealized losses.
Posted on 3/21/23 at 7:51 am to stout
It’s almost like when the government bails out firms that take big gambles and lose, it encourages all their competitors to behave the same, inevitably resulting in an over-leveraged industry with no risk management and a massive speculative bubble.
Posted on 3/21/23 at 7:55 am to stout
Banks are holding notes tied to commercial leases of office space all over the country. As these long term leases are not renewed or downsized due to these clowns still working from home the value of the properties will drop dramatically. If a bank holds a loan tied to an office property valued at 1 million, the current real value is much less and will only go down. These losses have to be realized at some point. That is the next big bubble.
Posted on 3/21/23 at 8:07 am to stout
Nobody wants to talk about the elephant in the room, but this seems to have started with the GameStop (and the meme stocks) squeeze in 2021. "Stock shorts have infinite loss potential."
If the theory holds, those with short positions on GameStop and the others, never wanted to take a loss and thought their long proven psychological and algorithmic theories would eventually crush the companies and their stocks, and they could walk away with a mountain of profit. They didn't close their positions. They "covered" them and double, and tripled down.
As the can kept getting kicked, the cost keeps accumulating.
Here is the decoupling of Credit Suisse and UBS. One had GameStop shorting bags, the other didn't. Now UBS has them, what will happen to UBS?
If the theory holds, those with short positions on GameStop and the others, never wanted to take a loss and thought their long proven psychological and algorithmic theories would eventually crush the companies and their stocks, and they could walk away with a mountain of profit. They didn't close their positions. They "covered" them and double, and tripled down.
As the can kept getting kicked, the cost keeps accumulating.
Here is the decoupling of Credit Suisse and UBS. One had GameStop shorting bags, the other didn't. Now UBS has them, what will happen to UBS?
Posted on 3/21/23 at 8:07 am to stout
quote:does this chart include the big 4?
The big 4 do. Regional banks do not.
Posted on 3/21/23 at 8:09 am to GhostOfFreedom
Remains to be seen but, given that UBS got CS at a heavy discount, they may take the “gains” to offset some of CS’s losses and staunch the bleeding.
Posted on 3/21/23 at 8:09 am to GhostOfFreedom
quote:
had GameStop shorting
Nailed it! It has nothing to do with treasuries that are worth less on the open market than book value...
Posted on 3/21/23 at 8:14 am to stout
I think it's probably more than $600 billion. It would take a little work to add up all the low yield treasuries and bonds in all the banks across America to truly know how much bad crap is on their books.....I can guarantee their will be no call for mark to market accounting on this shite either.
Posted on 3/21/23 at 8:18 am to The Baker
quote:
Us banks hold trillions in assets
Well, then there is no need for the US Gov/Tax payer to bail them out. They can sell those assets instead
Posted on 3/21/23 at 8:26 am to stout
I don’t think they realize this
Posted on 3/21/23 at 8:33 am to jrobic4
quote:
It has nothing to do with treasuries that are worth less on the open market than book value
Frankly, I'm amazed that more stuff hasn't broken up until now. You can't have zero percent interest rates, quantitative easing, and reckless gov't spending for 15 years and then do a sudden reverse course without breaking some eggs. We still have to pay for this and we haven't begun yet. Worst is yet to come.
Bloomberg Video on Bank Unrealized Losses
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