Posted on 03/10/2023 4:59:07 AM PST by Kaiser8408a
From the chart published, it looks like BofA is in the worst shape of the big 4 banks and its not even close.
That certainly wouldn’t break my heart. BofA has been thoroughly infected with Wokeism, pushing ESG, the Gun Grabber agenda and various other Leftist causes. I closed my account with them a few years ago because of it.
California-based SVB that it was issuing $2.25 billion of shares to bolster its capital.
Something to keep with your Edsel stocks.
Prepare for a bail in. The bank skims your account for 15%-30% to stay afloat.
The ONLY time investment grade bonds and US Treasury debt decline in value is if interest rates are rising and the bank needs to sell the bond BEFORE it matures.
Remember - when interest rates go up, the TEMPORARY value of a bond - before maturity - goes down.
Unless a bank has a sudden and desperate need for cash, there is no reason to sell bonds before they mature back to their full cash value.
would this have anything to do with the IRA’s raising the time to start required minimum distributions being modified to the age of 73?
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