Just as the problem banks, SVB, Signature, et-al have the Unrealized Losses problem, so does the FED - well over $1 T.
Posted on 03/15/2023 4:03:59 AM PDT by Oldeconomybuyer
Shares of embattled bank Credit Suisse on Wednesday hit another all-time low for a second consecutive session, dropping by more than 21% shortly before being halted from trade.
Credit Suisse’s largest investor, Saudi National Bank, said it could not provide the Swiss bank with any further financial assistance, according to a Reuters report.
“We cannot because we would go above 10%. It’s a regulatory issue,” Saudi National Bank Chairman Ammar Al Khudairy told Reuters Wednesday.
Several Italian banks were also subject to automatic trading stoppages after sharp declines, including UniCredit, Finecobank and Monte Dei Paschi.
The embattled Swiss lender disclosed the observation in its annual report, which was initially scheduled for last Thursday, but was delayed by a late call from the U.S. Securities and Exchange Commission (SEC).
(Excerpt) Read more at cnbc.com ...
"Borrower Eligibility: Any U.S. federally insured depository institution (including a bank, savings association, or credit union) or U.S. branch or agency of a foreign bank that is eligible for primary credit (see 12 CFR 201.4(a)) is eligible to borrow under the Program."
I wouldn't have a problem if Credit Suiss did qualify. Because the BTFP requires as collateral securities that are already fully backed by the US government.
My only concern is how much the Federal Reserve has available for the BTFP program.
Serious news.
Why worry, he said he saved the banks yesterday.
Just as the problem banks, SVB, Signature, et-al have the Unrealized Losses problem, so does the FED - well over $1 T.
DOW futures now down 560, clearly because of Credit Swiss
“ Serious news.”
Maybe. Credit Suisse traded at 85 sixteen years ago vs 1.77 today, so it’s been going downhill for a long time. It was below 20 five years ago, so it might be serious, but it’s not a surprise.
It is serious as Saudi is part of BRICS. RECENT agreement with Iran at china’s instigation and their putting pressure on CS now are messages to the west. Meanwhile what is mono cell brain doing? He is pushing a great number of gun issues. I figure were I in their place I’d do the same.
We are in a world of s$$t right now and no mental HP in DC to figure it out.
A new light blue calor scheme for AF1 the new one reminds me of the SFPD patrol car colors foisted by the left in 78 due to the fag community. When do we get new currency after the system collapse, you know the rainbow 🌈 currency!
Unlike a bank, There is no reason the FED can’t hold to maturity.
So if they are upside down on securities they hold, it doesn’t matter, because the loss will go away as they approach maturity.
Pardon my ignorance, but what are those?
What’s a PM?
PM would be precious metals. Never seen the others but looks like treasury concept art? Not bad actually and better than the actual designs they’ve been approving. (Hate the state quarters)
Down 640 now.
PM = Precious Metals (Gold, Silver, Platinum, Palladium)
Rainbow Currency, jpgs and videos, have been circulating - perhaps mostly under the "radar", over at least the past 3 years. With many of us recognizing that the FED is being taken down piecemeal, the replacement is not merely of the currency, but the financial system itself. The FED is corrupted, and has been so from day one - go back to Jekyll Island, and how those opposed to the creation of the FED were disposed of. Rainbow currency will be Precious-metals backed and hooked into the Quantum Financial System. There are many vids to ramp up, if you like, on youtube. Read up on NESARA/GESARA.
And, gold up $23, silver up 2.6%
UPDATE: Credit Suisse shares tank over 30%
WTI oil down to $68 and change.
We need $50 oil, and aggressive domestic drilling — immediately.
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