To: Godzilla
Unconfirmed rumors that Bank of America (BOA) is nearly insolvent due to impacts from high treasury bonds. Some say that if the treasury bond hits 6%, BoA may take a hit at the waterline and start to go down. They also include Wells Fargo in the potential meltdown as well.OMG - I hope rumors aren't true - the last thing we need is large banks going under. Curious - from your point of view - what's the safest and strongest bank?
662 posted on
11/12/2023 6:52:04 AM PST by
GOPJ
(The reason Biden won't protect our border is he wants cash kickbacks for doing it. )
To: GOPJ
I can’t name one. They are all in bad shape due to tres bonds going high, loan stresses and the like.
664 posted on
11/12/2023 11:55:28 AM PST by
Godzilla
(Never give up, never surrender . . . . . .)
To: GOPJ
The strongest bank may be a local credit union.
665 posted on
11/12/2023 4:00:48 PM PST by
null and void
(If you support monsters you will die in the cross fire.)
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