"What's going on at the bank?"
Posted on 03/15/2024 8:47:43 AM PDT by Red Badger
It isn’t your money, you GAVE it to the banks, they just owe it to you
Unfortunately that is true....................
Can’t wait for Grok to tell us what politicians are really up to ,LOL
It’s not exactly a secret that the banking system is at risk of insolvency over their investments in bonds and treasury bills that are underwater due to the increase in interest rates. The only thing holding it all together is that there hasn’t been a run on the banks... yet.
"What's going on at the bank?"
Mr. Potter will give them 50 cents on the dollar!
The objective is a ‘cashless society’.
Getting rid of the ‘cash’ is the first step.................
I almost want to cause a bank run. We need to burn this pig sty down before it gets any worse.
The commercial real estate price tag is coming due, and they are going to be many bank defaults this month. It’s going to hurt everyone.
Thank goodness the Biden Administration didn’t do stupid things with the people money so that the Fed could print enough to get through the banking crisis |Sarcasm...
At least we don’t have selective prosecution, and we have real justice in America to fall back on when the above causes pain. |Sarcasm...
This must be the Normal DiNero and Kimmel were talking about with Biden.....
You’ll get your money back if you submit to the Central Bank Digital Currency, AKA “Social Credit System.”
I did my part in the days following Canada’s arbitrary theft from those truckers protesting the vax.
I left just enough in a bank to do business month-to-month.
Mattresses are going to get very expensive real soon.........................
Fearmongering nonsense.
F’in WELLS. These pc bs artists. Removed 4000 plus and put into Fidelity. Chase is OK too as far as I have interacted with them
“Potter ain’t selling…Potter is buying!”
If you walk into a bank and try to withdraw more than a few thousand in cash, they will tell you that they can write you a cashier’s check or you will have to come back tomorrow.
Banks simply don’t keep that cash in their drawers.
It’s not that they are not liquid, it is more of a security issue.
I also find it amusing that this article starts out with, “I don’t want to be alarmist..” and then goes on to say that the banking system is collapsing.
I don’t think things are THAT bad….yet.
WF has been a mess since back in the day when I worked in banking. They just never seem to be able to pull their act together. And I’ve been paying attention to this for 25+ years.
Fortunately, they are not in my area, so they aren’t an option. But I would stay away from them because their service generally sucks.
This year is the 95th anniversary of the stock market crash of 1929.
They gotta kick that can just a little bit farther to get past November....and then figure out how to blame Trump and those wascally Wepublicans.
“The commercial real estate price tag is coming due, and they are going to be many bank defaults this month. It’s going to hurt everyone.”
You’ve got two weeks for that happen “this month”.
How does it “hurt everyone”? I didn’t get hurt when the S+L crisis hit and hundreds of S+Ls went broke. I made out on their high interest payouts as they went broke and none of my deposits were lost, I was making up to 9.6% on my money. The bank would go broke, the sign would change overnight and everything kept right on going.
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