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SVB collapse: Moody's flags six other banks with concerning credit ratings
FOX Business ^ | March 14, 2023 | By Aubrie Spady

Posted on 03/14/2023 7:59:25 AM PDT by Oldeconomybuyer

Moody's Investors Services, a credit rating system, put several banks on review for a potential downgrade following the collapse of Silicon Valley Bank (SVB).

The Federal Deposit Insurance Corporation (FDIC) announced the closure of Silicon Valley Bank on Friday amid a run on the bank, a move that raised concerns about the potential of future bank collapses.

Following that collapse, Moody's placed First Republic Bank (FRC), Zions (ZION), Western Alliance (WAL), Comerica (CMA), UMB Financial (UMBF) and Intrust Financial on review, meaning the banks are now perceived as more risky investments by lenders.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Breaking News; Business/Economy; Government; Politics/Elections
KEYWORDS: bankfailures; banks; bidenflation; cma; frc; inflation; moodys; umbf; wal; zion
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To: Sirius Lee

“ Print. Print your way to prosperity!”

I’m going to my game closet…it’s all Monopoly money now, baby.


41 posted on 03/14/2023 2:08:12 PM PDT by Scott from the Left Coast (Make Orwell Fiction Again)
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To: Oldeconomybuyer

US Petro dollar is caput. Everyone is moving away from not only the US dollar, but also in relations too. Nobody trusts the US bullies any longer except their own little NATO club of battered wives who love to have their pipelines blown up and dare not say anything.


42 posted on 03/14/2023 3:17:55 PM PDT by Karl Spooner
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To: Sicon

Zimbabwe photo caption....

“So I bringing cash all this way but return trip will only carry my wonderful carton of cigarettes. Still a good day.”


43 posted on 03/14/2023 4:18:40 PM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: Oldeconomybuyer

So, what’s next?? Raid all of our accounts in banks and savings?? The GovMint is in deep dodoo and needs our money for their spending sprees!!!


44 posted on 03/14/2023 6:16:21 PM PDT by RetiredArmy (Jesus Christ is THE Way, THE Truth & THE Life. He and He alone IS THE ONLY WAY TO HEAVEN!! No other)
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To: blackdog

Well, not only that, but the money is locked up as it loses value to inflation at a rapid rate.


45 posted on 03/14/2023 6:41:10 PM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: Oldeconomybuyer

Some of those are real names.


46 posted on 03/14/2023 6:45:48 PM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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To: Oldeconomybuyer

You will own nothing and be happy.


47 posted on 03/14/2023 7:19:34 PM PDT by SecondAmendment (This just proves my latest theory ... LEFTISTS RUIN EVERYTHING !!!)
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To: Magnum44; Oldeconomybuyer
"I think my assets are more secure than if they were in a bank, but I presume the fall out of this banking failure can have ripple effects into these other institutions."

A ripple effect indeed.

These bank failures will speed up their CBDC type designs on our financial system.

Then, if you do or say anything they don't like or vote in the wrong way, they can shut off your access to your money with a keystroke.

48 posted on 03/15/2023 4:39:06 PM PDT by rxsid (HOW CAN A NATURAL BORN CITIZEN'S STATUS BE "GOVERNED" BY GREAT BRITAIN? - Leo Donofrio (2009))
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To: SaveFerris

49 posted on 03/15/2023 4:39:22 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: dfwgator

[All part of the plan.]

More than likely.

Though I believe the plan actually is:

“Build Beijing Back Better”


50 posted on 03/16/2023 4:10:09 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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