Posted on 10/01/2022 6:32:38 PM PDT by RomanSoldier19
The Federal Reserve announced Thursday that six of the nation’s largest banks would participate in a pilot climate scenario analysis exercise in 2023.
Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo will undergo the exercise, which the Fed said will not have capital or supervisory consequences. The Fed plans to publish aggregate findings from the exercise but no firm-specific information.
The exercise, which had been expected, will kick off the Fed’s efforts to gauge the level and management of risks for banks when it comes to climate change, after European regulators already mounted similar efforts.
(Excerpt) Read more at nbcnews.com ...
Get your money out of the banks before the bail-ins occur.
Unbelievable fascism.
But remember, you’re enemy is Putin. You must hate and fear him.
Any fascism by this government is eminently believable.
The most destructive, detestable government on the face of the Earth. And it isn’t even close.
I don’t fear him, I think he is a hypocritical twat who invaded a few sovereign nations. If only those who suck on his propaganda will go down on a bunker with him.
Event 201 was a blueprint.
So is this.
Says the Soros stooge.
I’m mostly invested in a credit union, and the one other bank I have money in is going to see my accounts closed in a couple weeks.
I don’t like any of the 3 sides here. At least their “leaderships”.
Do the executives of these banks fly in private jets. Do these banks tolerate customer companies that use private jets? Is so, they have no place in the climate change business.
Their reply will be “we can’t waste time saving the planet taking Greyhound.”....
Thats what celebs and the algores say...
[a pilot climate scenario analysis exercise]
Which makes perfect sense.
Under Biden, my dollars have been shrinking at the grocery store and at the gas pump.
Obviously, Global Warming has melted them and made them smaller.
[taking Greyhound]
And if that bus goes less than 55 mph.........
scumbags the confiscation is at hand
<>The potential effects of climate change . . . government policies transitioning away from carbon-heavy industry — could destroy trillions of dollars of assets around the globe.<>
Not an exercise. It’s a rehearsal.
Just keep voting. Pretend it matters.
Yes this is just a poorly disguised liquidity test for the usual suspects. Tomorrow the Fed is holding a closed door meeting to discuss discount points and rates going forward.
My guess is that the big 5 are basically insolvent as usual and need a big cash infusion so they don’t crash and cause the short market on silver to go bye bye and bring down the derivatives.
I’m expecting the Fed to quickly follow the Bank of England and move to QE.
Sounds like a solution in search of a non-existant problem.
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