PacWest Bank enters death spiral… Regional banks are under pressure again

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via WSJ: Shares of PacWest Bancorp PACW -22.70%decrease; red down pointing triangle fell 23% Thursday, dragging down other midsize banks, after PacWest disclosed another round of deposit flight. The bank said in a securities filing that it lost 9.5% of its total deposits last week. PacWest stock was halted several times because of volatile trading. … Read more

Joe Biden to invoke the 14th amendment from the CIVIL WAR! Republicans say it will collapse of the united states

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President Biden is gradually warming to the idea of unilaterally canceling the debt ceiling by invoking the 14th amendment. In the event bipartisan talks fail to solve the crisis, using the Civil War-era law would definitely create turmoil, possibly plunge the US into a recession and surely start a legal fight, Zandi told Yahoo Finance in an … Read more

Bud Light parent company’s stock downgraded by HSBC amid branding ‘crisis,’ huge sales drop

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HSBC has downgraded Anheuser-Busch InBev stock to hold amid a “crisis” following Bud Light’s marketing campaign featuring transgender activist Dylan Mulvaney. Carlos Laboy, managing director at HSBC’s global beverage sector, told CNBC that there are “deeper problems than ABI admits” after the social media partnership with Mulvaney in April. “Is ABI’s leadership getting the brand … Read more

U.S. watchdog says it found unacceptable problems with Chinese company audits

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Apparently hundreds of companies are about to be de-listed. Original Source: https://www.reuters.com/markets/us-watchdog-says-it-found-unacceptable-problems-with-chinese-company-audits-2023-05-10/ WASHINGTON, May 10 (Reuters) – A U.S. accounting watchdog found unacceptable deficiencies in audits of U.S.-listed Chinese companies performed by KPMG in China and PricewaterhouseCoopers in Hong Kong, the government agency said on Wednesday. The U.S. Public Company Accounting Oversight Board (PCAOB)published the … Read more

Is this how the end looks like? Interest payments > Military budget

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https://fred.stlouisfed.org/series/FYOIGDA188S As you can see from the chart, federal government spending on interest payments has increased significantly over time. This is largely due to the increasing national debt, which means that more and more money must be spent on interest payments each year. As a result, this places a significant burden on taxpayers and contributes … Read more

FDIC wants banks bigger than $5B to pay for SVB and Signature failures: FDIC Knows they have no money. SHTF.

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via YAHOO: Giant banks and regional lenders with more than $5 billion in assets will help pay for the March failures of Silicon Valley Bank and Signature Bank, according to a new proposal from the Federal Deposit Insurance Corporation, sparing small community institutions from footing part of the bill. The FDIC now estimates that it … Read more

CNN Still desperately attempting to push the narrative and failing

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The ass kicking CNN took from Trump wasn’t enough, so a Trump voter KO’s CNN hack🤣🤣 pic.twitter.com/OhCXipwIAw — • Angry Frog ™ • (@angrifrog) May 11, 2023 https://twitter.com/FemalesForTrump/status/1656602205099573248 OMG – 😂😂😂 https://t.co/443y9xU9B3 — Catturd ™ (@catturd2) May 11, 2023 I am so impressed by Congressman @ByronDonalds. I mean, how good is he?!? Brilliant! https://t.co/fNOHiARXhs — … Read more

US debt ceiling impasse pushes government credit default swaps to record high. Someone is betting against the USA! Maybe that’s why Yellen called the CEOs? The best time we can live.

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via reuters: NEW YORK, May 10 (Reuters) – The cost of insuring exposure to U.S. government debt rose to fresh highs on Wednesday, as President Joe Biden and top lawmakers remained deadlocked in talks over raising the $31.4 trillion federal borrowing limit. Spreads on U.S. one-year credit default swaps (CDS) – market-based gauges of the … Read more

VIDEO: CNN’s ‘Nasty Person’ Kaitlan Collins on George Soros

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Would be a shame if this clip of Kaitlin Collins calling George Soros a “foreign-born” lib who wants to “replace” the American population went viral pic.twitter.com/V4IJkYu9MA — Benny Johnson (@bennyjohnson) May 11, 2023 Download: https://video.twimg.com/ext_tw_video/1641830469342732289/pu/vid/1280×720/pGX3NIFq7ePcaU0P.mp4?tag=12 https://twitter.com/_/status/1656466746222469121?ref_src=twsrc%5Etfw h/t dr0id

Hilarious Memes from President Trump Supporters After He Embarrasses CNN

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Trump buried CNN’s Kaitlan Collins🔥RIP CNN 🪦💀meme collab with @NautPoso 🤝🇺🇸 pic.twitter.com/EsptZLqdtu — Emma_Mitchem 🇺🇸 (@emma_mitchem) May 11, 2023 Trump and CNN pic.twitter.com/EvDsyisHrT — Raised Right (@RightMsmagnolia) May 11, 2023 https://twitter.com/_/status/1656647104498991104 Exiting the CNN studio, unbothered! 😂😂😂 pic.twitter.com/iJNNzYLclp — 🇺🇸ProudArmyBrat (@leslibless) May 11, 2023 CNN last night pic.twitter.com/82tFboQevY — Ultra MAGA Joyce Day (@Daytobehappy) May … Read more

JPMorgan CEO Jamie Dimon: Commercial real estate losses may take a few banks down… Regulators should look at a short-selling BAN on banks

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*DIMON: COMMERCIAL REAL ESTATE, OFFICE LOANS ARE AN ISSUE *DIMON: COMMERCIAL REAL ESTATE LOSSES MAY TAKE A FEW BANKS DOWN — zerohedge (@zerohedge) May 11, 2023 Regulators should look at a short-selling ban on banks, JPMorgan CEO Jamie Dimon says "They should go after them, and vigorously," he tells @flacqua https://t.co/bNlxqzSkJh pic.twitter.com/EZpJQKOKz1 — Bloomberg TV … Read more