Banks Failing

4,391 Views | 81 Replies | Last: 1 yr ago by RD2WINAGNBEAR86
Jacques Strap
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8:38p, 3/15/23
Over or under the insured limit?

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RD2WINAGNBEAR86
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In reply to LateSteak69 • 8:45p, 3/15/23
LateSteak69 said:
The real reason there MIGHT be a run on banks is the very idiots that inhabit this thread.
Yes! People need to relax. Putting cash under your mattress or in coffee cans buried in the backyard is just not a good idea.

Unfortunately, it seems like the mainstream media (including Fox News) is doing all they can to stoke fear.
"Never underestimate Joe's ability to **** things up!"

-- Barack Obama
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GrowlTowel
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In reply to LateSteak69 • 9:10a, 3/16/23
LateSteak69 said:
The real reason there MIGHT be a run on banks is the very idiots that inhabit this thread.


Feel better?
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4th and Inches
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In reply to LateSteak69 • 9:52a, 3/16/23
LateSteak69 said:
The real reason there MIGHT be a run on banks is the very idiots that inhabit this thread.
nah, i am an idiot in this thread and I havent moved any money out of a bank this month.
“Mix a little foolishness with your serious plans. It is lovely to be silly at the right moment.”

–Horace


“Insomnia sharpens your math skills because you spend all night calculating how much sleep you’ll get if you’re able to ‘fall asleep right now.’ “
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FLBear5630
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In reply to LateSteak69 • 11:44a, 3/16/23
LateSteak69 said:
The real reason there MIGHT be a run on banks is the very idiots that inhabit this thread.
Wow, SicEm really has some power. If we can cause a run on Banks, what else can we do????

Is there a thread for that?
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JettRink
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In reply to RD2WINAGNBEAR86 • 3:24p, 3/18/23
RD2WINAGNBEAR86 said:
Banks battered and Bitcoin booming!

Clown world.


Silicon Valley Bank failed faster and harder than RD2's campaign for Guadalupe County Judge.
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Jacques Strap
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7:14a, 3/24/23
Another Friday another bank stock sell off. It's early we'll see what happens and if Janet Yellen speaks again.

Yellen Deleted paragraph from March 22:
Quote:
"As I said last week, the US banking system is sound. The federal government's recent actions have demonstrated our resolute commitment to take the necessary steps to ensure that depositors' savings remain safe."
New paragraph on March 23:
Quote:
"As I have said, we have used important tools to act quickly to prevent contagion. And they are tools we could use again. The strong actions we have taken ensure that Americans' deposits are safe. Certainly, we would be prepared to take additional actions if warranted."
she removed the "US banking system is sound",
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Wrecks Quan Dough
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In reply to Jacques Strap • 7:20a, 3/24/23
Jacques Strap said:
Another Friday another bank stock sell off. It's early we'll see what happens and if Janet Yellen speaks again.

Yellen Deleted paragraph from March 22:
Quote:
"As I said last week, the US banking system is sound. The federal government's recent actions have demonstrated our resolute commitment to take the necessary steps to ensure that depositors' savings remain safe."
New paragraph on March 23:
Quote:
"As I have said, we have used important tools to act quickly to prevent contagion. And they are tools we could use again. The strong actions we have taken ensure that Americans' deposits are safe. Certainly, we would be prepared to take additional actions if warranted."
she removed the "US banking system is sound",
Good thing we spent our money during Covid to help people "Stay Safe. Stay at Home." Oh, snap, that is part of the cause of this mess. Who could have seen that there would be consequences for reckless money printing and shuttering the economy. At least Bill Gates and Jeff Bezos did well for themselves.
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Jacques Strap
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7:41a, 3/24/23
If you think reckless money printing is bad, you're gonna love the newest cool trend where policy makers ignore contracts.


Quote:
Mark Dowding, chief investment officer at RBC BlueBay, which held Credit Suisse AT1 bonds, said Switzerland was "looking more like a banana republic"

"If this is left to stand, how can you trust any debt security issued in Switzerland, or for that matter wider Europe, if governments can just change laws after the fact," David Tepper, the billionaire founder of Appaloosa Management, told the Financial Times.

"Contracts are made to be honored."
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muddybrazos
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In reply to Jacques Strap • 8:16a, 3/24/23
Jacques Strap said:
If you think reckless money printing is bad, you're gonna love the newest cool trend where policy makers ignore contracts.


Quote:
Mark Dowding, chief investment officer at RBC BlueBay, which held Credit Suisse AT1 bonds, said Switzerland was "looking more like a banana republic"

"If this is left to stand, how can you trust any debt security issued in Switzerland, or for that matter wider Europe, if governments can just change laws after the fact," David Tepper, the billionaire founder of Appaloosa Management, told the Financial Times.

"Contracts are made to be honored."
This is all going to be huge for Bitcoin and smart contracts. Cant wait.
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chriscbear
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8:54a, 3/24/23
1.7 trillion on paper unrealized bank losses. Corporate debt, personnel debt and government debt. Our money is safe in the bank but government needs to hold the line on spending. If you print and/or inflate your way out of debt it causes inflation or stagflation. Its OK.
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RD2WINAGNBEAR86
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In reply to muddybrazos • 9:35a, 3/24/23
muddybrazos said:
Jacques Strap said:
If you think reckless money printing is bad, you're gonna love the newest cool trend where policy makers ignore contracts.


Quote:
Mark Dowding, chief investment officer at RBC BlueBay, which held Credit Suisse AT1 bonds, said Switzerland was "looking more like a banana republic"

"If this is left to stand, how can you trust any debt security issued in Switzerland, or for that matter wider Europe, if governments can just change laws after the fact," David Tepper, the billionaire founder of Appaloosa Management, told the Financial Times.

"Contracts are made to be honored."
This is all going to be huge for Bitcoin and smart contracts. Cant wait.
The biggest thing that needs to happen is for people to relax and not panic. This applies to U.S. dollars and Bitcoin.
"Never underestimate Joe's ability to **** things up!"

-- Barack Obama
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