by FordShareholder Ok logically it makes little sense for the FDIC to seize a bank for deposit flight since it is the deposits that they are insuring. 100 billion in deposits leaving the bank LOWERS the risk to the insurance fund. Secondly, most of the potential bidders for the bank were just involved in the effort … Read more
by Dismal-Jellyfish Source: https://home.treasury.gov/system/files/136/Debt_Limit_Letter_Congress_Members_05012023.pdf Dear Mr. Speaker: I am writing to follow up on my previous letters regarding the debt limit and to provide additional information regarding the Treasury Department’s ability to continue to finance the operations of the federal government. In my January 13 letter, I noted that it was unlikely that cash and extraordinary … Read more
by TonyLiberty Banks never have the full amount of cash on hand to cover all deposits, they use deposits to make loans or investments
They also took credit for Carlson’s firing, which came after senior Fox News executives learned what he had been saying in them in text messages that the lawsuit unearthed. ‘Dominion did not insist on them firing Tucker Carlson as part of the settlement. ‘But the very fact that that’s what resulted out of all of … Read more
“Secretary of State Antony Blinken’s relationship with Hunter Biden is under fresh scrutiny as Republican lawmakers examine his role in trying to discredit the laptop story before the 2020 election. GOP lawmakers recently revealed that former CIA Deputy Director Mike Morell testified that Blinken had reached out to him after the New York Post broke … Read more
While currently, it requires a bulky, expensive MRI machine, in the future people might wear patches on their head which use waves of light to penetrate into the brain and provide information on blood flow. This could allow people’s thoughts to be detected as they move around. The new study, reported in the journal Nature … Read more
Tik-Tok user describes her fear and dread when restaurant played the Star Spangled Banner….and diners stood up. @paulinappa_0 By far the most dangerous situation I’ve ever been in #godblessamerica #getout #illegal #whitepeoplethings ♬ original sound – Paulina The Star-Spangled Banner as a weapon of mass terrorism A TikTok user named Paulina was recently terrorized beyond … Read more
by Sundance The topline story from the announcement by JPMorgan Chase [SEE HERE] there are no banking rules/laws in the Biden Fed/Treasury system. The Dodd-Frank laws are still on the books, but the FDIC decision to insure all deposits, regardless of size, now means those laws, rules and regulations are not required to be followed. Additionally, as … Read more
Bloomberg (via Zero Hedge) Lots will be written on the rise and fall of First Republic Bank. Its customer service was legendary in the banking system, as was its list of rich clients with ample deposits and a healthy appetite for issuing jumbo mortgages to highly creditworthy borrowers. Yet it went from being admired to being seized … Read more
