10 depositors had $13.3B in SVB, that's why the FDIC bailed them out. (Spoiler alert: They were Chinese accounts) This wasn't about systemic risk, it was about bailing out the billionaires who were caught.pic.twitter.com/GF28d3reeAhttps://t.co/g1QieVeALOhttps://t.co/GAH2c6JLiR https://t.co/GHCQD8xJr5 — Financelot (@FinanceLancelot) March 28, …
by Michael Every single day there are more twists and turns to this new banking panic. In fact, we just learned that the big banks have gotten together to save First Republic. That is good news, because a collapse of …
More truth about the 2019 Repo Madness Bailouts: The real number was over $19 trillion in bailouts? The Fed also bailed out a Japanese investment bank, Nomura Securities, for almost $4 trillion back in 2019 because the Japanese bank borrowed …
General Motors plans to invest more than $1 billion in a plant in Mexico to produce electric vehicles. The facility will begin producing at least one EV beginning in 2023, GM said. United Auto Workers Vice President Terry Dittes, who leads …
by Chris Well, nothing is official until it’s deined…or bailed out. Now, to be clear, Deutsche Bank is *not* being bailed out…it’s just that the state of Germany may become the largest shareholder and a merger is being “orchestrated” (sound …
by DCG From NY Post: He’s a reputed killer Bloods gang member recently accused of toting a loaded pistol onto a city bus — but that didn’t matter to Robert F. Kennedy Human Rights when the foundation bailed him out. In October, the …
by cbus20122 So I just thought of something / realized something rather basic. There have been a lot of comparison between Turkey and Greece recently with both countries experiencing some huge currency issues. Both countries at similar points are looking …
via The Gold Telegraph: The primary benefit of being a private corporation is the ability to operate in near total secrecy. When you don’t have to report earnings, you don’t have to report on how you obtained those earnings, what …
The year 2050 is factoring in continuous growth from now until then. Just imagine how it will be in reality! The pensions will not be able to keep up with their promises. Get ready for cutbacks! Why isn’t this a …
Small-business customers suffered most at the bank’s hands. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. The Royal Bank of Scotland, the UK mega-lender that has already cost British taxpayers over £90 billion in bailouts, losses, fines and legal fees, …
