He hasn't posted in 17 hours so let's see if he shows up or was hit by a bus/eaten by a bear. Or hit by a bear and eaten by a bus, this timeline is weird these days.
There's no evidence to the affirmative either. The problem here is that the entire banking, even the entire financial industry has no credibility. I have no reason to believe anything they say, anything their reports say, or anything else about this situation.
The industry that sold each other bad mortgages in a circle to inflate their books doesn't get the benefit of the doubt. Period.
I would say that I trust the Federal Reserve's oversight, but the SF Fed has proven itself completely hopeless.
FRC should have been dealt with straight after SIVB. It was a big psychological hit to smaller banks that they let it die.
I find it ironic that the same people crying about bank consolidation didn't approve of a bailout to keep FRC going.
This will get worse if PACW goes down, because they were financially stable after the SIVB crisis. Investors will run from regional banks and the financial sector in general.
And JP Morgan will get to purchase them all for pennies on the dollar when they would not normally be able to.
Exactly. Sounds a lot more like controlled demolition than a "crash". Kind of like 911.
Told you, Imp. This collapse is about way more than media hype.
But have you considered that wahmen exist and that’s a problem? Checkmate tradstuck!
Wait until you see who runs the Fed for the district FRC, PACW and SIVB are in.
"It is the duty of all open-minded women of our cause to sabotage the systems of patriarchy and destroy the financial system." ~ Valerie Solanas.
He hasn't posted in 17 hours so let's see if he shows up or was hit by a bus/eaten by a bear. Or hit by a bear and eaten by a bus, this timeline is weird these days.
PacWest is "exploring a sale" but say that financials are stable. Last earnings report showed deposit inflows started recently.
That's what caused this. Another storm in a teacup.
Of course they say their financials are stable. To say anything else would be to slit their own throats.
There's no evidence to the contrary. Their last earnings report showed deposit inflows began a few weeks after SIVB collapsed.
If yet another bank folds, will people start noticing the lesbian Fed chair of that district?
There's no evidence to the affirmative either. The problem here is that the entire banking, even the entire financial industry has no credibility. I have no reason to believe anything they say, anything their reports say, or anything else about this situation.
The industry that sold each other bad mortgages in a circle to inflate their books doesn't get the benefit of the doubt. Period.
I would say that I trust the Federal Reserve's oversight, but the SF Fed has proven itself completely hopeless.
FRC should have been dealt with straight after SIVB. It was a big psychological hit to smaller banks that they let it die.
I find it ironic that the same people crying about bank consolidation didn't approve of a bailout to keep FRC going.
This will get worse if PACW goes down, because they were financially stable after the SIVB crisis. Investors will run from regional banks and the financial sector in general.
Don't worry. They'll get bailed out with our money. I hope no one was planning on retiring prior to turning 95.
I ran the numbers recently and worked out I can retire at 65 and live comfortably for about 8 minutes. I'm feeling optimistic about things 👍
The Biden admin stupidly sent out the message that regional banks were unsafe while big banks would always be safe.
So all the big depositors acted rationally and switched their accounts to the big banks.
The Biden admin also caused this by massively inflating the currency, crashing Treasury bond values & causing the crisis in the 1st place.
Liberals are stupid when it comes to economics. They always do dumb shit and ruin everything they touch with their idiotic ideology.
Or evil. Coward-Piven is a thing.