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re: US banks hold over $600 Billion in unrealized losses

Posted on 3/21/23 at 7:22 pm to
Posted by DMAN1968
Member since Apr 2019
10145 posts
Posted on 3/21/23 at 7:22 pm to
quote:

Us banks hold trillions in assets

Yeah...SVB had plenty of assets to cover...oh wait...




Never mind.
Posted by 1BIGTigerFan
100,000 posts
Member since Jan 2007
49152 posts
Posted on 3/21/23 at 7:32 pm to
quote:

US banks hold over $600 Billion in unrealized losses

I took out my $20 life savings today. They're not keeping my money.
Posted by Taxing Authority
Houston
Member since Feb 2010
57230 posts
Posted on 3/21/23 at 7:39 pm to
quote:

Especially when it’s a requirement by law and regulation that you have to hold treasuries in order to do banking and finance activities.
Was about to post this. People saying "banks shouldn't be taking such risky gambles"... like buying treasuries? If you think Treasuries aren't going to payout... unrealized losses are the least of our worries.
Posted by Taxing Authority
Houston
Member since Feb 2010
57230 posts
Posted on 3/21/23 at 7:44 pm to
quote:

Well, then there is no need for the US Gov/Tax payer to bail them out. They can sell those assets instead
No bank run. No problem. At least for now.
This post was edited on 3/21/23 at 7:45 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
57230 posts
Posted on 3/21/23 at 7:46 pm to
quote:

It almost seems intentional......
The insatiable need to sell treasuries is (already) causing distortions in the market. It's only going to get worse.
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