DOWNGRADES and WARNINGS: Moody’s Outlook on 27 American Banks

The Organic Prepper ^ | August 10, 2023 | Daisy Luther

[FlingWingFlyer]

Bidenskyyyynomics Rocks! LOL! sarc/

[Lockbox]

Gee is this a Lib plan to get rid of small banks? The way these commies think you have to ask the question.

[EEGator]

Incoming!…

[FlingWingFlyer]

I wonder how many of these have started refusing gun purchases.

[Diana in Wisconsin]

FWIW: The last of what we owe on the crop land is on mortgage (3%!) with Old National Bancorp. We’ll be paying that off immediately and closing the account there.

The last thing I want is them to go under and sell up to the lowest bidder who will jack up our interest rate. It’s not much to pay off and is do-able.

Now would be the time to act if anyone else is in a similar situation.

Or, this could all be fear-mongering, but it is the last bit of money we owe to anyone and I want to be done with it and put that $700/month back into our monthly budget.

[Diana in Wisconsin]

“But between’Bidenomics,’ banks tumbling like a row of dominoes, the looming threat of CBDCs and rampant inflation, I just cannot give a positive prediction.” ~ Daisy Luther

[Worldtraveler once upon a time]

From the blog: “You are the only person who can make decisions solely in the best interest of yourself and your family. You cannot expect the banks to be looking out for you or the government to watch your back.” Sage advice.

[wardamneagle]

I wonder how many of these have started refusing gun purchases.

Or oil companies capital investing

[Leaning Right]

> Gee is this a Lib plan to get rid of small banks? <

That’s probably part of the equation. But there are also a few big names in the “under review” and “negative outlook” lists. That’s pretty disturbing.

Maybe some knowledgeable Freeper can answer: Is this normal? Do big banks like Bank of New York Mellon move in and out of such lists? Or is the new and uncharted territory?

[mikelets456]

Inflation through the roof, $4 per gallon gas, imminent war, open borders causing crime, rampant spending, economy sucks (I don’t care what they say), diddling kids and encouraging them to be sexualized, forced vaccines or lose your job, dividing us citizens etc...

....This administration is literally a bunch of Fascists and the left cheers that they’re “humanitarians”.

[EEGator]

Anarcho-tyranny.

[SaveFerris]

Yep - excellent summary of the current disaster of Joe and his policies

[Alberta's Child]

Mortgage banking is one of the few industries in the U.S. where the laws and regulations are rigged in favor of the customer (the borrower). These banks all operate under the same enormous disadvantage:

There's no such thing as a fixed-rate mortgage.

A mortgage is only carried for a fixed rate for as long as the customer does so. If rates go down, a customer with a fixed-rate mortgage always has the option of refinancing the mortgage without any penalty. But when rates go UP, the bank has no option to refinance.

So you occasionally end up with a scenario like we have today -- where millions of homeowners are paying off mortgages at rates of 3% (which doesn't even cover inflation), while rates on conventional mortgages are up to 7% or more.

[Sirius Lee]

I wonder how many of these have started refusing gun purchases. Or oil companies capital investing

Go woke, go break the entire economy of a nation.

[Tilted Irish Kilt]

Prepper ping - Your family finances in a bank may have been downgraded, or may be currently “under review”
\ Certain regional banks have been merged and warnings have been issued . “Bidenomics” are on display
“A wise person will heed it”

”Right on the heels of seeing a downgrade of the creditworthiness of the United States itself, Moody’s has downgraded ten small to medium banks across the country, citing “financial strain” and “strains that could erode their profitability.” Six more banks are under review, and another eleven have been shifted from “stable” to negative. “

”If you still have all your money in the banking system, you’re quickly running out of time to change strategies and preserve some of your wealth. Which banks got downgraded?
“The ten banks which were downgraded are:” (and then they are listed, as well as those banks that are “under review)..

”You are the only person who can make decisions solely in the best interest of yourself and your family.
You cannot expect the banks to be looking out for you or the government to watch your back.
These downgrades from Moody’s ARE the warning.
A wise person will heed it. “

[CodeToad]

So? The banks got the money to lend at low interest rates.

[Noumenon]

That's Bidenomics!

I have obe word for anyone with cash or investments in these institutions: bail.

[CFW]

Hubby and I are suddenly being just overloaded with credit card offers. Every day we are getting several with all types of enticements. Zero interest, $500 to $1000 credit, etc. It’s crazy! Banks are begging for more customers who will go in debt to them.

We also are getting emails asking us to open checking and savings accounts with various banks. Those too offer $200 to $500 credits for just opening an account with a five or ten thousand dollar transfer to their bank.

I expect to see more banks go under this fall.

[NorthMountain]

a customer with a fixed-rate mortgage always has the option of refinancing the mortgage and paying points and fees when he does so, along with a new interest rate which is tied to his credit score, and if his property has declined in value the banks won't issue a refinance loan anyway.

The banks aren't run by idiots.