Posted on 03/12/2023 4:36:51 PM PDT by DoodleBob
Ping. Thank you. This is great.
First Republic in Los Angeles is going down the drain
Hope doesnt spread to other banks across the country ......
Great article Bob.
Of course it will.
All be design by folks like Soros and the Rothschilds. Been wanting this for years.
https://www.investopedia.com/ask/answers/08/george-soros-bank-of-england.asp
It ain’t bad yet. When municipalities have no money to pay fuel costs for their cop cars and fire trucks. People start going without. Things will get weird real fast in this country.
Thanks for posting. This answered a lot of my questions.
What does it matter? FED & FDIC just announced tax payers will bail out ALL DEPOSITS. The mis-management of bank has been excused. As usual taxpayers always bear the burden.
Nice explanation. Thanks.
“putting money to work in the 1.65%, 1.75% range”
likely doomed from the start
I’ll say again what I said during the last great era of bailouts...by removing consequences of bad behavior and bad management, you guarantee more of the same in the future. And here we are...
Are you sure that's what they said?
I guarantee you the know-it-all never read the posted article ...
I’m afraid that this is just the beginning of a massive collapse of the banking industry.
“””FED & FDIC just announced tax payers will bail out ALL DEPOSITS.
Are you sure that’s what they said?”””
Did you read the press release from Treasury, FED, and FDIC?????????
The additional borrowing capacity from the Federal Reserve, continued access to funding through the Federal Home Loan Bank, and ability to access additional financing through JPMorgan Chase & Co. increases, diversifies, and further strengthens First Republic’s existing liquidity profile. The total available, unused liquidity to fund operations is now more than $70 billion. This excludes additional liquidity First Republic is eligible to receive under the new Bank Term Funding Program announced by the Federal Reserve today.
Gee, if only the rest of us could tap into a bottomless source of liquidity like the Fed when we lose a job or have some other financial stress. I’m so happy all those whale tech depositors’ money is safe while I’ll get hammered for the bank fees sustaining this bailout. /s
I did. Did you?
Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.
There does not appear to be much talk on why much of this happened in the first place - rising interest rates brought on by Jao Xiden just printing $trillions to cover sickening spending causing almost runaway inflation.
When we received our first checks of Kovid Krap at $1400 a person it was quite predictable way back then, we also knew that there was going to be horrendous corruption on top of it.
Very nice description of the situation. Let’s see what happens when the market opens. I’ll know whether to buy cat food or filet mignon.
During my working with computers since 1960, one important thing I learned is any printed material is never up-to-date. That applies to “articles” as well. Articles are written and then they sit with frozen contents. For more up-to-date news, watch a good TV-News channel or on-line news.
The reference article is OLD news. The latest news is FED & FDIC have made a decision to honor full deposits, even those exceeding the $250,000 normal limit by FDIC.
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