Knowing our gov't there could be some truth to this.
Money & Economics
- Thread starter bigredfish
- Start date
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BIT Beta Team
Dear Ukraine, please bail out US banks。。。
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BIT Beta Team
DEVELOPING: Trading Halted at 30 Banks as Market Opens - NYSE Halts Trading at Charles Schwab | The Gateway Pundit | by Jim Hoft
Trading was halted Monday at numerous banks at market open.
www.thegatewaypundit.com
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BIT Beta Team
Barney Frank, the Namesake of the Behemoth Dodd-Frank Legislation, on Board of Failed Signature Bank | The Gateway Pundit | by Joe Hoft
Signature Bank, the firm that went under over the weekend, has an expert on its Board of Directors – Barney Frank.
www.thegatewaypundit.com
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Small Banks Are Crashing
Small Banks Are Crashing | ZeroHedge
The take home here is that, unfortunately, Joe Biden's 9am pep talk did little to boost confidence in small US banks.
Or, as we put it earlier, ""It would be the Savings and Loan 2.0 Crisis but we regret to inform you there are no savings." Meanwhile, all hail JPMorgan, pardon, JPMega, which is about to have some $18 trillion in deposits.
Small Banks Are Crashing | ZeroHedge
- *FIRST REPUBLIC BANK HALTED FOR VOLATILITY, DOWN 65%
- *PACWEST HALTED FOR VOLATILITY; DROPPED 41% TO LOWEST ON RECORD
- *REGIONS HALTED FOR VOLATILITY AFTER PARING 31% DROP TO 20%
- *WESTERN ALLIANCE SINKS A RECORD 76%; HALTED FOR VOLATILITY
The take home here is that, unfortunately, Joe Biden's 9am pep talk did little to boost confidence in small US banks.
Or, as we put it earlier, ""It would be the Savings and Loan 2.0 Crisis but we regret to inform you there are no savings." Meanwhile, all hail JPMorgan, pardon, JPMega, which is about to have some $18 trillion in deposits.
Banks: The Eye Of The Hurricane?
Banks: The Eye Of The Hurricane? | ZeroHedge
Well, the US has $18 trillion in deposits, and recall that $42BN in SVB deposits were pulled in hours, not days, not weeks... hours. So, you'd have to forgive us if we are just a little skeptical that the Treasury's $25BN mini backstop bazooka and the FDIC's $125BN in bank run buffer will do anything to prevent a far bigger bank crisis now that the horses have fled the barn.
My guess is that this is the eye of the hurricane, rather than the all-clear. History doesn't repeat itself, but it does rhyme, and if you recall the collapse of Bear Stearns in March of 2008, the market climbed for a bit afterwards, and only started its precipitous decline after the collapse of Lehman Brothers six months later.
Banks: The Eye Of The Hurricane? | ZeroHedge
Well, the US has $18 trillion in deposits, and recall that $42BN in SVB deposits were pulled in hours, not days, not weeks... hours. So, you'd have to forgive us if we are just a little skeptical that the Treasury's $25BN mini backstop bazooka and the FDIC's $125BN in bank run buffer will do anything to prevent a far bigger bank crisis now that the horses have fled the barn.
My guess is that this is the eye of the hurricane, rather than the all-clear. History doesn't repeat itself, but it does rhyme, and if you recall the collapse of Bear Stearns in March of 2008, the market climbed for a bit afterwards, and only started its precipitous decline after the collapse of Lehman Brothers six months later.
Ssayer
BIT Beta Team
You knew it had to happen, right?
www.thegatewaypundit.com
Joe Biden Blames Trump For Bank Failures and Broadening Contagion | The Gateway Pundit | by Cristina Laila
Joe Biden on Monday blamed Donald Trump for the recent bank failures and broadening contagion.
www.thegatewaypundit.com
Looks like gold is one bright spot for the moment.
Good read and explanation of where we are…
Hudson: Why The Banking System Is Breaking Up
www.zerohedge.com
Hudson: Why The Banking System Is Breaking Up
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
