Breaking news, updates, and reports on current events.
by confoundedinterest17 Well, the banking fiasco CREATED BY THE FEDERAL RESERVE is still with us. Why? Because the FDIC guaranteed deposits above $250,000 for the first time in history, bailing out millionaires/billionaires. I call this Crony Socialism (but I repeat myself). Congress doesn’t understand banking, only how to spend money.
by confoundedinterest17 The Federal Reserve and Biden Administration are like one massive gaffe machine. And with it, the Empire State manufacturing outlook plunged to -24.6. An inflation measure, PPI Final Demand YoY declined to 4.6%. While the Dow is down -1.36% today, European stocks are down -3 to -5%. Janet “Too low for too long” Yellen … Read more
h/t EuphoricTrilby
CS is about to not be fine Credit Suisse’s top shareholder rules out providing more financial assistance to the struggling Swiss bank, citing regulatory issues https://t.co/sqjJiRF6mF — Bloomberg (@business) March 15, 2023 Its’ Over For The Swiss Giant! You can’t miss what’s happening in Europe. Switzerland’s second-largest bank: Credit Suisse’s stock price continues to plunge … Read more
Pension Protest primarily with many other various issues EU..NATO..NWO..WHO…Ukrainian Support..Everything about Macron and Globalism…etc.. — 🇺🇸🇺🇸777DEAN777🇺🇸🇺🇸 (@77HERCULES77) March 14, 2023
Jimmy at it again View post on imgur.com https://www.cnbc.com/2023/03/14/cramer-fed-on-the-cusp-of-a-soft-safe-landing-in-inflation-fight.html
via APNEWS: SAN FRANCISCO (AP) — Payments of $5 million to every eligible Black adult, the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $97,000 for 250 years and homes in San Francisco for just $1 a family. These were some of the more than 100 recommendations made by a … Read more
The list reveals that several popular corporations from a wide range of different industries supplied the movement with large sums of cash. Walmart, for example, which is based in Arkansas, gave a whopping $100 million in support of BLM and related causes focusing on “racial equity.” Amazon gave even more, supplying the movement with an … Read more
From someone I know who worked at Signature Bank for several years: "The Management Team was basically like the show, the Office. They'd waste money on things like producing parody videos." — Genevieve Roch-Decter, CFA (@GRDecter) March 13, 2023 Yesterday, Signature Bank became the 3rd-largest bank failure in US history Signature had $88 billion in … Read more
https://t.co/JrHyv5yTL6 — Florida’s Voice (@FLVoiceNews) March 14, 2023
by Chris Black Call me a conspiracy theorist, but this seems to have been done on purpose. Large US banks inundated with new depositors as smaller lenders face turmoil https://t.co/80VqmYSKzB — Financial Times (@FT) March 14, 2023 Cue Darth Vader voice: “Your CBDC currency will be issued based on pre-determined funding from one of 10 … Read more
by Chris Black Fear of being “canceled” increases with education level, but only for Right-Wingers. The Democrat increase from high school to post-grad is a minuscule 2%, while Republican post-grads are 35% more likely to fear “cancelation” than Democrat post-grads. At the peak of McCarthyism, only 13.4% of Americans felt less free to “speak their … Read more
by Chris Black You will be nostalgic for the days when you could talk to humans on the internet.
by Chris Black Just a coincidence I’m sure… According to a report by the Times of Israel, the country’s two largest banks were able to transfer $1 billion out of Silicon Valley Bank to accounts in Israel before it was seized by the feds. Tel Aviv shares drop as SVB failure triggers cash-flow concern for … Read more
By Graham Summers, MBA A major bank just went under… contagion is dragging down other similar firms… the Fed is introducing emergency measures to bailout the system. Is it 2008 all over again? Yes and no. “Yes” in the sense that the Fed created a massive bubble in risk assets. Also “yes” in the sense … Read more
by Simon Black On Sunday afternoon, September 14, 2008, hundreds of employees of the financial giant Lehman Brothers walked into the bank’s headquarters at 745 Seventh Avenue in New York City to clear out their offices and desks. Lehman was hours away from declaring bankruptcy. And its collapse the next day triggered the worst economic … Read more
OpenAI's ChatGPT has reportedly predicted that the stock market will crash on March 15, 2023, per BI. — unusual_whales (@unusual_whales) February 16, 2023 BIG IF TRUE! DanGPT (the jailbreak version of ChatGPT) predicts that the next stock market crash/correction will start on Wednesday, February 15. DanGPT predicted that the trigger for the correction will be … Read more
by Michael Welcome to the great banking collapse of 2023. Please try to enjoy the ride. When FTX crumbled, I explained to my readers that it was not the first domino to fall and that it certainly would not be the last. Sadly, that prediction turned out to be completely accurate. Within the last week, … Read more
That’s all fine until there’s a bank run. Then they might need to reclassify them as AFS and sell at a loss to meet the withdrawals, which was supposedly likely to happen at SVB before FDIC took over. They already sold their AFS securities at $1.8b loss. Now the Fed and FDIC have agreed to … Read more
The bank’s ‘weakness’ was in its capability to design and maintain effective risk assessments in its financial statements, the report stated. The bank admitted in the report that ‘the group’s internal control over financial reporting was not effective’ and ‘management has also accordingly concluded that our disclosure controls and procedures were not effective.’ Battered by … Read more