[C210N]

I'm reading this as there not might be, but THERE WILL BE, more bank fails soon (next week?).

Of note, the FED has called an emergency closed meeting for Monday at 11:30:

Closed Board Meeting on March 13, 2023 Government in the Sunshine Meeting Notice

Advanced Notice of a Meeting under Expedited Procedures

It is anticipated that the closed meeting of the Board of Governors of the Federal Reserve System at 11:30 a.m. on Monday, March 13, 2023, will be held under expedited procedures, as set forth in section 261b.7 of the Board's Rules Regarding Public Observation of Meetings, at the Board’s offices at 20th and C Streets, N.W., Washington, D.C. and by audio/video conference call. The following items of official Board business are tentatively scheduled to be considered at that meeting.

Meeting Date: Monday, March 13, 2023

Sure would shake things a bit more serious if one or more of the top 4 were to go.

[C210N]

This would be an excellent time for the FED, from the FED's evil perspective, to now put in place what has been talked about for months - a CBDC.

The stated reason for the FED's closed meeting on Monday is: "Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.".

If they limit their discussions to that, if they discuss it at all, would be quite a stretch...

[mware]

So if you have a credit card with a bank that goes under what happen to the debt.

[DEPcom]

“I’m reading this as there not might be, but THERE WILL BE, more bank fails soon (next week?).”

Not only bank fails but layoffs will start next week. I see a stock market crash soon too.

[E. Pluribus Unum]

This is a planned implosion by the WEF NWO totalitarian globalists.

Everything is blowing up in their faces and they are in danger of prosecution.

They have to overturn the table somehow.

It’s no coincidence that Brandon announced a central bank digital currency on Wednesday and on Friday the second largest retail bank in the country collapses.

Notice it wasn’t JP Morgan Chase or Bank of America.

[Freest Republican]

The good thing is we have 8-10 federal agencies, the fed reserve and state banking regulators overseeing all of two dozen or so consequential banks. /s

[MinorityRepublican]

I guess we’ll find out on Monday how exposed the banks are.

[SteveH]

https://www.investopedia.com/ask/answers/04/021204.asp#:~:text=Unrealized%20gains%20and%20losses%20(aka,realize%E2%80%9D%20the%20gain%2Floss.

[A]n unrealized loss [...] occurs when the price of a current investment declines below its purchase price. The loss remains unrealized until the investment is sold, at which point it becomes realized.

just judging by the graph, this looks like a very big problem with no easy (non-painful) answers.

i also note in passing that the trump years seem to have been relatively healthy for the big 4 banks.

[Angelino97]

Will this affect insurance companies?

[silent majority rising]

Panicing?

[Obadiah]

Well look at that, a way is being cleared to roll out CBDC. What a coincidence, and right around May as predicted.

[DannyTN]

Backstopping deposits seems a lot less disruptive and less expensive than shutting down a bank.

[frank ballenger]

Side note.

Do people hide money under mattress?
A little less than 20 percent of Americans hide cash in a sock drawer, while 11 percent put it under the mattress and 10 percent secure it in a cookie jar. Another 9 percent keep their cash somewhere else in the house. CNBC

[ConservativeInPA]

I'm reading this as there not might be, but THERE WILL BE, more bank fails soon (next week?).

It’s going to be an eff’n blood bath.

[SaveFerris]

GREATEST ECONOMY EVAH!!!

[Recompennation]

Wasn’t it broncobama that bragged about ability to print money as if a magic trick. ??? Stupidity ingrained in repeating with expectation of results.

[Recompennation]

Funded by broncobama’s magic money muchine.

[Chode]

[PghBaldy]

We have been on borrowed time since around 2000 A.D. They have blown bubble after bubble to prevent disaster, all but ensuring that the next major disaster will be epic. Not 2008-2009 but more like 1929-1933.