Posts Tagged ‘Banks Are Not Safe’
Watchman Warns Banks Are In Trouble Regional Bank Stocks Are Crashing Again…
HNewsWire: by Tyler Durden Yesterday it was NYCB that grabbed the headlines and spoiled Powell’s day. As we detailed here (and here), the banking crisis never went away and it now appears the rest of the market realizes that too as Regional Bank shares are extending their losses significantly today… This morning saw the US CRE crisis go global as Aozora Bank faced the music on its balance sheet folly. NYCB is extending losses (well below SVB lows)… Western Alliance Bancorp is getting clubbed like a baby seal today… Shares of Zions Bancorp, Comerica and Webster Financial are also tumbling along with Citizens Financial, Regions Financial, SouthState, Prosperity Bancshares, Schwab, PacWest, and Huntington Bancshares… The market appears to be finally pricing in the end of the BTFP, and all the chaos that will ensue from that,…
Read MoreWatchman: The Federal Reserve Has Abruptly Terminated the Banking Bailout Program That Has Been Sustaining Institutions. Expect Banks To Start Collapsing in the Near Future
By SRH, The federal authorities seem to be on the verge of closing down the regional National Banks in order to usher in digital currency. Last Month U.S. Treasurer [grannie] Yellen assured the Senate that all is well and the financial system is “stable.” With minimal attention from the mainstream, the Federal Reserve terminated an emergency bailout program yesterday that was designed to assist banks and financial institutions during the aftermath of the Silicon Valley Bank (SVB) collapse a year ago. Worried about the potential widespread contagion and bank runs following SVB’s downfall, the Federal Reserve established the Bank Term Funding Program (BTFP), offering more than $2 trillion in funds for banks to borrow in order to manage withdrawals and losses stemming from loans, bonds, derivatives, and other assets that had depreciated due to interest rate hikes causing significant unrealized…
Read MoreWatchman: America’s Banks Are Not Safe—Collapse Is On The Way–Run!
SRH: An unsecured loan to a bank constitutes your “deposit” with that bank. If the bank fails, you are essentially at the end of the line. Going to be an exceptionally challenging year. HNewsWire: By StevieRay Hansen A consumer spending expert has released a dismal forecast for the US economy in 2024. Harry Dent told Fox Business on Tuesday that “since 2009, this has been 100 percent artificial, unprecedented money printing and deficits: $27 trillion over 15 years, to be exact.” “This is completely manufactured, off the charts, which indicates that things are serious right now. In my opinion, 2024 will be the largest single collapse year of our lives.” “We need to send a message to central banks and get back down to normal,” he continued. “This should be a lesson we never revisit,” he said. I doubt that……...
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