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posted 2 years ago by Wizard18 2 years ago by Wizard18 +39 / -1
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▲ 17 ▼
– Kaarous 17 points 2 years ago +17 / -0

Told you, Imp. This collapse is about way more than media hype.

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▲ 20 ▼
– Gideon-Syme 20 points 2 years ago +21 / -1

But have you considered that wahmen exist and that’s a problem? Checkmate tradstuck!

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▲ -8 ▼
– TheImpossible1 -8 points 2 years ago +3 / -11

Wait until you see who runs the Fed for the district FRC, PACW and SIVB are in.

Daly is the first openly gay woman to lead a regional Federal Reserve bank.

"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.

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▲ 10 ▼
– Devidose 10 points 2 years ago +10 / -0

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.

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▲ -6 ▼
– TheImpossible1 -6 points 2 years ago +3 / -9

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.

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▲ 8 ▼
– Kaarous 8 points 2 years ago +8 / -0

Of course they say their financials are stable. To say anything else would be to slit their own throats.

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▲ -6 ▼
– TheImpossible1 -6 points 2 years ago +1 / -7

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?

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▲ 7 ▼
– Kaarous 7 points 2 years ago +7 / -0

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.

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