FDIC
While the FDIC Provides Deposit Insurance up to $250,000, Representing Less Than 10 Percent of Svb’s Deposits, the Vast Majority of Svb’s $173 Billion in Deposits Are Uninsured. According to the FDIC, It’s All Smoke and Mirrors, You Lose!
Another FDIC-Insured Bank Is Teetering, Closing at 27-1/2 Cents Yesterday, Down 96 Percent in a Year HNewsWire: By Pam Martens and Russ Martens: September 14, 2023 ~ There may be a lesson here: don’t put the word “Republic” in the name of your bank; don’t hold a lot of uninsured deposits; and don’t have wads of unrealized losses on your investment securities. If those lessons sound familiar, it’s because they played out in stunning fashion earlier this year when the second, third and fourth largest bank failures in U.S. history occurred. One of those banks that blew up was First Republic Bank, which was put into FDIC receivership on May 1 and later sold, under much controversy, to the already behemoth JPMorgan Chase, the largest bank in the U.S. (JPMorgan Chase can’t seem to stay away from criminal charges. It thus far…...
Watchman: Another US Bank Quietly Shutters, As Bank Runs Persist And Deposits Decrease
HNewsWire: By winepressnews The Federal Deposit Insurance Corporation (FDIC) seized the banks assets on November 3rd. In a press release the FDIC wrote: Citizens Bank, Sac City, Iowa, was closed today by the Iowa Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a Purchase and Assumption Agreement with Iowa Trust & Savings Bank, Emmetsburg, Iowa, to assume all of the deposits of Citizens Bank. The two branches of Citizens Bank will reopen as branches of Iowa Trust & Savings Bank on Monday during normal business hours. This evening and over the weekend, depositors of Citizens Bank can access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as […]
Watchman Reporting the Banking Industry’s Collapse Has Begun With Useless FDIC–Insured Big Tech Silvergate Bank Announced on Wednesday That It Was Liquidating Its Assets and Closing Down. Today, the Four Largest American Banks Lost $52 Billion in Valuation as the Dow Fell 540 Points–Tribulation Moving Forward–God Warned Us!
HNewsWire: Economic Collapse Is ‘By Design’ and Orchestrated HNewsWire: America’s economic crisis is deepening “is “by design,” “everything was planned,” With two quarters of negative growth, we’ve already entered a technical recession. Democrats are fomenting an economic calamity as a pretext for consolidating even more power and control in the hands of the government and its affiliated corporations. “They’re just buying time because they know things are going to get much worse; it’s all planned because they need that moment of catastrophic economic collapse to drive through their socialist scheme.” Political observers are warned not to dismiss political elites as oblivious to the consequences of their own abuses of power. “I’m fed up with people giving them the benefit of the doubt. They said it was only temporary because they didn’t know what else to do. They were, of course, […]