As a dilettante here, I would guess that Chase and Capital One are unlikely to fail, the latter because it has very little brick and mortar, and the former because it has the support of all the wokies in the deep state. I wouldn’t be so sure of Wells Fargo, however.
It’s coming……those of us watching the big picture can see it all now unfolding, weakening military, depressing economy, inflation increasing, global shortages, , unpayable debt, loss of confidence in our government, lawlessness in government and society, endless wars continue.
This one will make the 08 meltdown look like a Girl Scout marshmallow roast. Exciting times ahead, Thank you Joe!
A friend sent me a list of bank closures yesterday. Lots of US Bank outlets, & PNC Bank among others. It doesn’t look good.
It has been going on for years. This bank buying out that bank quicker than you can order a box of checks with the name of the first bank. But with the demonrats pushing the end of the USD, well, buckle up it’s going to be a bumpy ride.
Amen brother! …May the Spirit continue to guide you.
6 failures, counting this one that hasn’t failed yet. Only 4838 more to go.
You know what’ll fix that problem? A big juicy CBDC. /s
What to consider if your local bank branch closes
https://www.dailymail.co.uk/yourmoney/banks/article-13025343/bank-closue-Bank-Wells-Fargo-Bank-America-PNC-options.html
Thanks.
Following....
Is the PPT getting the band back together? Who’s their new drummer?
The banks all own the derivatives of the other banks’ derivatives. They call it contagion when they fall but it is really quite the incestuous industry. Waiting for the effects of the Evergrande failure....
Anyone else get echoes of Jim Cramer in 2009 when you hear that?
I remember him yelling:
“DON’T SELL BEAR!”