[Red Badger]

Now is the winter of our missed contents..................

[texas booster]

Weakness in banking.

Weakness in manufacturing.

Weakness in transportation.

Delayed maintenance on an enormous scale.

If it was planned ... we would look to our leaders to fix the mess.

Oh yeah, weakness in our leaders.

[entropy12]

Tightening credit is necessary to counter profligate spending in DC.

[The Louiswu]

Unexpected :)

[DEPcom]

It is crucial to make a clear distinction between operational technical issues and the overall financial stability of banks. While technical problems can be disruptive, they are not necessarily indicative of a bank’s financial health. Often, these glitches result from various factors that have no direct connection to the bank’s fiscal strength, such as routine software updates, potential cyber attacks, or simple human errors.

Recent discussions suggest that these outages might predominantly stem from cyber attacks, a separate concern from the banks’ financial solidity.

[FarCenter]

Looks like there have been four bank failures this year so far.

https://www.fdic.gov/bank/historical/bank/bfb2023.html

[tired&retired]

The Treasury gives special guarantees to both China and the Federal Employee Thrift Plan (Due to Larry Fink representing them) that they may redeem Treasury Securities at face value no matter the years to maturity. This sheltered the holder of the bonds from market value losses due to the rise in current interest rates when they were holding long term low yielding treasury bonds.

When the Democrat Silicon Valley Bank went under due to holding so many losses on long term treasury bonds, they allowed them the same deal to bail them out.

I’m not sure how many other entities or countries were offered the same deal as China, but the early redemption of these long term bonds could skyrocket our interest on our national debt as these long term low interest bonds are redeemed and refinanced at high current rates.

I expect that there is some special deal in the works to bail out the banks, just as they did Silicon Valley Bank.

[EEGator]

I have Citizens Bank and just got a notification, yesterday, that my debit card is going to go from Visa to Mastercard.

I knew something was up.

[tired&retired]

There is an even bigger catastrophe waiting to happen with all the off the books debt of the Federal Mortgage Associations. They are Government Agencies and their debt is not included in our National Debt. It is guaranteed by the US Government.

They loaned this money out in 30 year low interest mortgages, but borrowed the money short term. These short term bonds are now having to be refinanced at much higher rates.

What kind of idiot agency would lend long term at low rates and finance short term? They all did it. Freddie Mac, Ginnie May, Fannie May,.....

[Jane Long]

Well, at least you included the bit about pain meds, with your banks going out article. 😂

[Brian Griffin]

The Biden EPA plan for electricity ensures high future inflation and is causing interest rates to be much higher.

[unread]

"Breaking the silence with a roar, entangled in a web of widespread outages, paralyzing customers, staggering sixth consecutive day, on their knees, what no one thought possible, shaking the very foundations, this chaos, the graveyard of financial institutions, the collapse reverberates with ominous echoes, the ghosts of economic despair, the grim reaper of digital finance, indiscriminately slicing through the lifelines, in a perilous limbo, starkly reported, collapses looms large, institutionally prophesying more failures as all but a certainty."

Wow, it just gives me the willies.....(yawn)

[Major Matt Mason]

BO's transformation continues.

[RasterMaster]

Those who claim to have the solutions to the problem actually CREATED the problem.