NYC Bancorp dropped another 22% today, closing at $2.73. It's now down over 80% from its July 2023 high. This isn't the only problem bank. The entire system is basically insolvent. More shoes are likely to drop soon, calling into question the Fed's ability to continue its QT program. - Kotaku In Action 2

NYC Bancorp dropped another 22% today, closing at $2.73. It's now down over 80% from its July 2023 high. This isn't the only problem bank. The entire system is basically insolvent. More shoes are likely to drop soon, calling into question the Fed's ability to continue its QT program. (twitter.com)

posted 259 days ago by NatalieBiden 259 days ago by NatalieBiden +40 / -0

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– TheKidsAreAltRight 17 points 259 days ago +17 / -0

Am I going to see yet another "once in a lifetime" event that fucks over the finances of everyone that isn't "too large to fail"? I've only had at least three of those in as many decades if not more and I'm not even 40 yet!

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– LastRights 1 point 258 days ago +1 / -0

They wouldn't be able to afford another economic collapse. There would finally be a reckoning.

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