Regulators close New York’s Signature Bank, citing systemic risk

a reply to: Idelb06

Where are those banks located? Is this the beginning of the collapse brought on by bad governance in certain areas or is this a bitcoin/tech sector issue or both?

a reply to: ketsuko

I think you'll find that it's not that cut and dry.

The incest is deep as we saw in 2008.

Pretty sure we won't know how deep until months from now and many deals that the public will never hear about as their investments into them are exposed.

Does anyone else wonder how much FTX loss is being washed under
Here with these bank hits.

originally posted by: burntheships
Does anyone else wonder how much FTX loss is being washed under
Here with these bank hits.

That entire Fried Bankman scam went way over my head. He scammed billions of dollars, but was sent home to his Mommy's basement with an ankle monitor. And CBS-NBC-ABC-CNN-FOX conducted NO...ZERO..interviews with angry crying people who lost their life savings due to Fried Bankman. Totally SURREAL.

a reply to: carewemust

It seems he donated to all the right people.
Then the Photo’s with Bill Clinton and the
Clinton Foundation...down right creepy,

originally posted by: burntheships
a reply to: carewemust

It seems he donated to all the right people.
Then the Photo’s with Bill Clinton and the
Clinton Foundation...down right creepy,

I was unaware of this.
Not that I really cared all that much but the amount of money involved is something to take note of.

Could you please shoot me a link?

a reply to: Allaroundyou

Huge donations to Democrats, talking 40 million.


www.cbsnews.com...

Ties to The Clintons

dailycaller.com...

My guess is a lot of this is coming from folks that bought into the hype late and mortgaged the house to jump into crypto at its peak and they are finally running out of funds to stay afloat hoping it goes back up, or people that got spooked by the volatility of it and started the run.

Or some semblance of that, add in as usual banks going whole hog into the latest new thing and you have the making of a catastrophe..

originally posted by: burntheships
a reply to: Allaroundyou

Huge donations to Democrats, talking 40 million.


www.cbsnews.com...

All of which is being clawed back by bankruptcy lawyers. Notices have already been given that the money is to be returned or recipients could face lawsuits.

a reply to: IndieA

That’s awesome!
I’d like to see some investigations as well.

originally posted by: JinMI
a reply to: infolurker

thepostmillennial.com...

What will tomorrow bring?

Cloudy with chance of meatballs

originally posted by: Violater1

originally posted by: JinMI
a reply to: infolurker

thepostmillennial.com...

What will tomorrow bring?

Cloudy with chance of meatballs

Thanks for the fish.

a reply to: ketsuko

It's probably a bit late, as the Vatican called back all their money for the end of last October. But at least they should be ok now. God must have told them.

originally posted by: burntheships
a reply to: carewemust

It seems he donated to all the right people.
Then the Photo’s with Bill Clinton and the
Clinton Foundation...down right creepy,

Sunday Night Stock Futures - Looking Good for Monday.

None of the financial crooks and criminals, or banker negligence, is bothering the Stock Markets. The Federal Reserve is implementing PROTECTION programs that were developed after a big bank crashed (Washington Mutual), when Obama was elected President.

Source: www.reuters.com...

originally posted by: anonentity
a reply to: ketsuko

It's probably a bit late, as the Vatican called back all their money for the end of last October. But at least they should be ok now. God must have told them.

Yes I agree with you. I think their god told them. He wanted his money safe. Afterall, he is the money god.

originally posted by: xuenchen

originally posted by: glend
PacWest Bancorp stock down 55% in last 5 days

☣️

Didn't know you were an EDM fan! I love that song.

its started... we are at the snowball sized start... and have a downhill bed of snow to roll up a huge 36" ball that will be the base of the collapse-snowman

? where is the BRICS now that i need it? how do i find the OneRoad to escape this Biden Mass?

Is this all the so called " oh noooo! " or " and so it begins " moment ?

According to this report, trading at over 30 banks has been halted. Some of these are pretty big names: First Republic, Charles Schwab, Huntington...

a reply to: AndyFromMichigan

Will the fed bail them out with printing in excess of forty trillion.? and growing, as each domino causes another to follow? If the economy was growing and could support all the bank's investments that would probably be fine and dandy. But all these loans are in dead water there is nothing going on to produce more goods and services. So every bailout will be inflationary and should push the interest rates higher, which means there isn't enough action going on to pay back the higher interest rates. Foreclosures in the housing market will accelerate. Vicious circle, although a bail-out kicks the can. The dollar will inflate to nothing, it could herald its demise as the investors search for safer shores.