
Taxpayers Fleeced Again? Big Banks Push New FDIC Re-Funding "Trick"
• https://www.activistpost.com, By Tyler DurdenNever let a crisis go to waste…
Never let a crisis go to waste…
"This could lead to unprecedented levels of government surveillance and control over private cash holdings and transactions."
Reminiscent of the period around the collapse of Bear Sterns. What is interesting is that the FDIC is borrowing $228 Bil.
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It may not be the off the charts gold buying observed in the second half of 2022, but central bank Central bank gold buying made a blistering start to 2023 when according to the latest report from the World Gold Council, demand for the hard currency
Hedge fund manager and macro economic expert Hugh Hendry just issued a major warning on the US banking system and the American economy as a whole. In a new interview on Bloomberg Markets, Hendry says mass panic and capital flight away from the US
Tl;dr: The bank run continues to accelerate...
Oklahoma is taking action to ban 13 major financial institutions from doing business with the state after a review determined the banks engaged in boycotting energy companies and instead prioritized agendas that run contrary to Oklahoma taxpayers'
On May 1, government bank officials sold Republic Bank to JP Morgan Chase, the largest bank in the country.
As I reported at the time, the banking crisis is not limited to Silicon Valley Bank. Silicon Valley Bank's failure was followed by the failures of New York Signature Bank and First Republic Bank of San Francisco. Now three more banks have had the
Every time that they tell us that everything is fine, things just seem to get even worse.
The twin crashes in US commercial real estate and the US bond market have collided with $9 trillion uninsured deposits in the American banking system. Such deposits can vanish in an afternoon in the cyber age.
Sounding the Alarm: Central Bank Digital Currency (CBDC) is On Its Way
Shortly after writing this, Florida Governor Ron DeSantis issued a public statement basically saying that Florida would prohibit any Federal action to impose a CBDC on its citizens...
Regulators seized control of First Republic Bank on Monday after a bank run in March when customers, many of whom had deposits over the $250,000 FDIC guarantee, withdrew their money following the SVB collapse.
What's the issue with this new interest on reserves tool the Fed is using? Let's take a look.
European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to deposits some feel they can currently live without.
Including Options for Deposit Insurance Reform
Three more banks see stock trading HALTED, financial sector collapse contagion accelerates as migrant INVASION staged for US southern border
Yes, you read the headline correctly. Collectively, the three big banks that have collapsed in 2023 had more assets than all 25 banks that collapsed in 2008 did.
Banking Crisis GETTING BAD
It was only 6 weeks ago when the nation was briefly paralyzed with concern as we watched three banks go under, with their deposits under FDIC control. At the time, I wrote that one of the next banks to fail could be First Republic Bank.
US and Poland are depleting war stocks...Will more banks fail this week?
Update (0835ET): After another massive bank failure - and taxpayer-funded bailout - JPMorgan CEO Jamie Dimon told listeners on an investor call this morning that "The system is very, very sound."
CNBC Jim Cramer called First Republic Bank a very good bank on March 10, 2023 when it was at $81 but now it is at about $2.
It's late on a Friday afternoon, after a total collapse in First Republic (which likely saw massive deposit outflows today as it stock collapsed to low single-digits), and we may get a hint of how bad it was heading into this chaos as The Fed's H.8 (
Tesla CEO Elon Musk has no shortage of opinions to share on Twitter, from his views on cryptocurrency to claiming that Tesla stock prices are too high.
The finish line for US dollar (USD) LIBOR transition at end-June 2023 is now less than three months away.
Is another domino about to fall? Our system was greatly shaken when Silicon Valley Bank and Signature Bank suddenly collapsed, but we seem to have weathered that storm.
"This is a track-and-trace digital ID that puts a social credit score in play. Now, why would they do that? Well, they need to track you and your resources and the destruction that's going to accompany these natural as well as man-made economic c