The Highlander Banking System: PacWest Says in Talks With Potential Partners After Share Plunge (But Powell Promise That The Banking Crisis Is Close To Over)

As Connor MacLeod said in the film Highlander, “There can only be one!” The US banking system under Joe Biden’s Reign of Error is like the film Highlander: apparently, there can only be one bank. And it is likely JP Morgan Chase.

Bypassed laws against acquiring bank while controlling 10%+ of US deposits Shared $13 billion in losses with the FDIC Received a $50 billion loan from the FDIC Effectively bought back its own deposits Expects to profit $5 billion+ over the next 5 years This crisis has taught us that rules don’t matter in times of panic, particularly to regulators.

And now we have PacWest Bancorp. Lender says it’s been approached by potential investors. Bill Ackman warns US regional banking system at risk.

The turmoil at PacWest shows how investor angst still remains elevated after a string of failures and deposit outflows in the sector despite Federal Reserve Chair Jerome Powell’s assurance Wednesday that authorities were closer to containing the crisis. It’s reignited the debate over whether more US regional lenders will fall after this year’s collapse of SVB Financial Group’s Silicon Valley Bank, Silvergate Capital Corp., Signature Bank and most recently First Republic Bank.

We are seeing a consolidation of the banking system .. again as smaller and regional banks fail and get gobbled up by the Too-Big-To-Fail (TBTF) banks like … JP Morgan Chase.

Biden’s Reign of Error is not over yet. His campaign slogan (which was also Bill Clinton’s campaign reelection slogan) is “Finish the job!” With Biden’s idiotic mortgage idea of punishing borrowers with good credit and giving subsidies to those with bad credit,

Prepper ping - The U.S. Economy and Banking - First Republic Bank, and PacWest Bancorp and others
The drama continues - the main question is, will it spread further ?

(From the article):" In Acquiring First Republic Bank, JP Morgan Has:
"Bypassed laws against acquiring bank while controlling 10%+ of US deposits
Shared $13 billion in losses with the FDIC
Received a $50 billion loan from the FDIC
Effectively bought back its own deposits
Expects to profit $5 billion+ over the next 5 years
This crisis has taught us that rules don’t matter in times of panic, particularly to regulators."

"And now we have PacWest Bancorp. Lender says it’s been approached by potential investors.
Bill Ackman warns US regional banking system at risk."

"The turmoil at PacWest shows how investor angst still remains elevated after a string of failures and deposit outflows in the sector
despite Federal Reserve Chair Jerome Powell’s assurance Wednesday that authorities were closer to containing the crisis.
It’s reignited the debate over whether more US regional lenders will fall after this year’s collapse
of SVB Financial Group’s Silicon Valley Bank, Silvergate Capital Corp., Signature Bank and most recently First Republic Bank."

"We are seeing a consolidation of the banking system .. again as smaller and regional banks fail and get gobbled up by the Too-Big-To-Fail (TBTF) banks like … JP Morgan Chase."

(My Comment ): Its the FED picking winners and losers again,
just as they isolated and closed small businesses while Wal-Mart and other large box stores remained open during covid.

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