Senator John Kennedy: Banks are just … sophisticated ponzi schemes…. Mohamed El-Elrian: We’re making the big banks bigger… We have increased moral hazard.

Senator John Kennedy: "Banks are just … sophisticated ponzi schemes. pic.twitter.com/tBaOIBOsbi — unusual_whales (@unusual_whales) May 6, 2023 "We're making the big banks bigger," says Mohamed El-Elrian on $JPM buying $FRC. "We're changing the conventional wisdom about what is a safe …

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This is a MAJOR issue…

#1 Between 2011 and 2019, the New York Times and the Washington Post increased their usage of the words "racist," "racists," and "racism" by over 700% and nearly 1,000%, respectively.https://t.co/pJ3C72Z4qZ pic.twitter.com/DacAFHuwO5 — KanekoaTheGreat (@KanekoaTheGreat) May 6, 2023 #3 In 2006, …

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Major Credit Card Changes Coming

"Given that #consumerspending makes up roughly 70% of the #GDP calculation, that 35% decline in consumer spending is significant. Combine that with rising #creditcard delinquencies, and you can understand our concern about economic growth going forward."https://t.co/s9oIo7uP17 pic.twitter.com/K15saKciEo — Lance Roberts …

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Remember when the Fed stopped reporting weekly unrealized losses across banks in H.8? This report shows 722 banks have unrealized losses greater than 50% of the capital.

by laflammaster H.8 – Weekly bank statements on assets and liabilities provided every Wednesday by the Fed. 722 high risk, 31 with ultra high risk of collapsing. Massive asset duration mismatch combined with today’s high interest rates have turned banks …

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