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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– FuckGenderPolitics 14 points 259 days ago +14 / -0

Maybe they can house some of the violent immigrants in them? Maybe they can repay these loans?

They're not up to code for residential use, and since the migrants are living off gibs this would just be a roundabout way of bailing out the banks. I wouldn't be against that if the taxpayers in deep blue hellholes had to foot the bill instead of everyone else, but we all know it won't go down like that.

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