Posted on 03/20/2023 9:54:17 AM PDT by Red Badger
Your money isn’t in a bank vault.
Is that why they call it “fractional reserve banking”?
Of course SVB (and/or some others) may use FICTIONAL reserve banking
There has to be an effect internationally after the ECB raised their rates 50bps 4 days ago. Eerily quiet
Industrial banks went up in flames back when, also.
Keating 5
Try saying this: Ten Trillion Dollars.
Or maybe we shorten it to TTD.
I mean a trillion sounds like a lot. Then ten times that is 900% bigger.
The way Ten Trillion Dollars Trips off the Tongue is Quite Telling.
A trillion is a thousand billion, so it’s ten thousand billion dollars......................
Can you repost your link regarding Moronistan banks?
NO BAILOUTS FOR BIG DEPOSITORS.
Someone somewhere is going to have to be taught to practice risk management.
Most other countries do not even have 200 banks.
IIRC, Canada has eight.
Thanks to our weird state laws, the USA has thousands of banks.
With too many banks under “control” it’s a wonder we haven’t many more failures
The “bank contagion” is in bank equity and in bank stocks.
Your deposit in the bank really is safe—and this is from a poster who trusts nobody ever.
The Feds cannot let bank depositors lose their deposits under $250K—the economy would collapse so quickly that it would not matter where you kept your money—it would be back to the caves.
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