Twenty isn’t a few. The fugly Ukrainian humping piece of shite, Janet Yellen said a few. She’s frickin, incompetent.
Pay walled but use https://12ft.io/ to work around it
Elections have consequences.
Inflation has consequences.
Inverted Yield Curves have consequences.
As if the crisis 15 years ago, bank shenanigans, FTX (somewhat) and now SVB wasn’t enough? Get your money out of banks and at least maybe put your cash into a credit union. Borrow all you want from banks (if it’s worth it) but stay the heck away from banks if you need something to hold YOUR money.
Banks on list
Customers Bancorp Inc. CUBI, -13.11% West Reading, Pa.
First Republic Bank FRC, -14.84% San Francisco, Calif.
Sandy Spring Bancorp Inc. SASR, -2.91% Olney, Md.
New York Community Bancorp Inc. NYCB, -5.99% Hicksville, N.Y.
First Foundation Inc. FFWM, -9.11% Dallas, Texas
Ally Financial Inc. ALLY, -5.70% Detroit, Mich.
Dime Community Bancshares Inc. DCOM, -2.81% Hauppauge, N.Y.
Pacific Premier Bancorp Inc. PPBI, -1.95% Irvine, Calif.
Prosperity Bancshares Inc. PB, -4.46% Houston, Texas
Columbia Financial Inc. CLBK, -1.78% Fair Lawn, N.J.
Anybody who bought bonds in the last 15 years is underwater. Portfolio managers who pleaded with clients that 60 - 40 balanced portfolios were conservative didn’t understand that money was free and had nowhere else to go. They should be fired.
Who in their right mind has any significant amount of their total net worth in a bank account. Even OPRAH or MEAGHAN?
A gold nugget in the hand is worth two in the bank.
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