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Joined: Dec 2008
Posts: 8,331 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,331 Likes: 2 |
Another bank falls today and this one will be the 3rd largest bank ever to fail. Regulators close Signature bank, say depositors will be made whole.
The U.S. Treasury Department and other bank regulators said in a joint statement on Sunday that all depositors of Signature Bank will be made whole, and "no losses will be borne by the taxpayer."
New York banking regulators appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for later disposition of the bank's assets. Signature Bank reported deposit balances totaling $89.17 billion as of March 8. Nothing to see here, just move along. ![[Linked Image from j.gifs.com]](https://j.gifs.com/gLBZM6.gif)
"Life is tough, even tougher if your stupid"
John Wayne
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Joined: Feb 2004
Posts: 19,273 Likes: 5
Campfire Ranger
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Campfire Ranger
Joined: Feb 2004
Posts: 19,273 Likes: 5 |
It sounds like 10 other bank chains are on the same bubble. Monday will be interesting if you should happen to have an account in one of those banks. I'll be watching the news to see the lines.
kwg
For liberals and anarchists, power and control is opium, selling envy is the fastest and easiest way to get it. TRR. American conservative. Never trust a white liberal. Malcom X Current NRA member.
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Joined: Jan 2010
Posts: 9,639 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2010
Posts: 9,639 Likes: 2 |
My wonders are is this just like when chase tried to purchase Washington Mutual back when the housing bubble popped and when they refused. Chase when to the Feds and had them cook the books and forced Washington mutual to sell out to Chase.
About 6 months after the deal was done they came out and reported the a mistake was made and Washington Mutual was actually solvent and was in real good shape unlike other banks but the deal was done and Chase Stole the company away from Washington Mutual.
How many banks are going to be transferred the the One World Order buddy's.
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Joined: Aug 2006
Posts: 12,580
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2006
Posts: 12,580 |
My wonders are is this just like when chase tried to purchase Washington Mutual back when the housing bubble popped and when they refused. Chase when to the Feds and had them cook the books and forced Washington mutual to sell out to Chase.
About 6 months after the deal was done they came out and reported the a mistake was made and Washington Mutual was actually solvent and was in real good shape unlike other banks but the deal was done and Chase Stole the company away from Washington Mutual.
How many banks are going to be transferred the the One World Order buddy's. Jag says this is part of the plan, and the Patriots are in control, and this is bad for the Rothschild's
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Joined: Feb 2004
Posts: 19,273 Likes: 5
Campfire Ranger
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Campfire Ranger
Joined: Feb 2004
Posts: 19,273 Likes: 5 |
A banking collapse contagion? Not what I predicted to grease the crash of 2023.
The more things change,the more they stay the same. ON Monday, even solvent banks are going to catch hell. Plan on it. We have some cash stashed back but this could go on for weeks. I remember 1981. By 1982 things were really bleak. It was 1985 before we could call things "normal". kwg That was before I could pay attention. What’s a brief rundown on how it went down ? What you are seeing now. We had a long term inflation starting before Jerry Ford but it really took off under Jimmy Carter. Why ? In 1973 we had our first oil embargo. Then When Jimmy was elected he made some bad decisions about boycotting the 1978 Olympics because the Soviet Union invaded Afghanistan. Oil prices took another jump and I think it was a sympathetic reaction to the Olympics boycott by the Saudis. Inflation got high and the interest on a car loan got up to 22%. A house loan was 12%. Then the banks that had questionable loans started getting closed. No one was building houses and very few people could afford a house loan anyway. When Ronald Reagan was elected, he started letting oil exploration companies explore and drill on public land. If I remember right, Jimmy Carter limited oil and gas drilling on public land but not as severely as Joe Biden. We were way behind the power curve on oil and gas drilling because we had been getting cheap oil from the Saudis for so long. Now that some banks are getting taken over I think we are going to see more folks out of work and payrolls that can't get paid because the money is locked up by the foreclosure process. The stock market is going to take a big hit as well real soon. If you have cash, now is the time to buy. There will be bargains. But, if you are just a working class Joe, you are in big trouble. kwg
For liberals and anarchists, power and control is opium, selling envy is the fastest and easiest way to get it. TRR. American conservative. Never trust a white liberal. Malcom X Current NRA member.
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Joined: Jan 2010
Posts: 9,639 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2010
Posts: 9,639 Likes: 2 |
My wonders are is this just like when chase tried to purchase Washington Mutual back when the housing bubble popped and when they refused. Chase when to the Feds and had them cook the books and forced Washington mutual to sell out to Chase.
About 6 months after the deal was done they came out and reported the a mistake was made and Washington Mutual was actually solvent and was in real good shape unlike other banks but the deal was done and Chase Stole the company away from Washington Mutual.
How many banks are going to be transferred the the One World Order buddy's. Jag says this is part of the plan, and the Patriots are in control, and this is bad for the Rothschild's I sure hope that Jag is right.
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Joined: Jan 2006
Posts: 5,714 Likes: 7
Campfire Tracker
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Campfire Tracker
Joined: Jan 2006
Posts: 5,714 Likes: 7 |
SVB was the highest-paying publicly traded bank in 2018, with employees getting an average of $250,683 for that year, according to Bloomberg.
After its seizure, the FDIC offered SVB employees 45 days of employment, the people said. The bank had 8,528 employees as of December.
My biggest fear is when I die my wife will sell my guns for what I told her they cost.
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Joined: Aug 2006
Posts: 12,580
Campfire Outfitter
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Campfire Outfitter
Joined: Aug 2006
Posts: 12,580 |
I sure hope that Jag is right. Me too. There's a first time for everything
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Joined: Dec 2005
Posts: 4,188 Likes: 1
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 4,188 Likes: 1 |
And now, front and center, we present Credit Suisse!
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265 members (10gaugemag, 41rem, 348srfun, 264mag, 12344mag, 160user, 32 invisible),
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Key:
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Jul 7th, 2023
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