Wanking Collapse Death Watch - 8 more Regional Banks are in imminent danger Pac West Bank Home Street Bank Citizens Financial Western Alliance Metropolitan Bank First Horizon Key Bank Harbor One We will own nothing (but CBDC) and we will be very unhappy. The jerk-off stock market is booming on Apple earnings. No one is looking at the big picture. When was the last time 3 major banks recently failed and 8 more large regional banks are in danger of failing soon, and dozens more are technically insolvent? And this is just the tip of the iceberg. This doesn't look too good. But dont worry sheeple there is absolutely nothing you can do about it so bury your head in the sand and await your destruction.
A leading banking group has called for regulators to step in and halt a wave of short selling in the stocks of US regional lenders, a trend it suggested was driven by social-media speculation. In a letter to the Securities and Exchange Commission (SEC), the American Bankers Association (ABA) urged the market watchdog to do more to stop harmful short bets that were disconnected from the banks' financial realities. https://markets.businessinsider.com...-republic-american-banking-association-2023-5
There's probably not a single bank that isn't insolvent on paper. It means absolutely nothing in reality.
US Government May Freeze American Bank Withdrawals As Currency Panic and Capital Flight Mounts Hedge fund manager and macroeconomic 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 banking sector is entirely justified. Hendry says a further decline in the M2 money supply, which in part tracks money in liquid checking accounts, could convince the US government to step in and prevent citizens from taking their capital out of the banking system. “Sometimes it’s kind of relevant to panic. I would recommend you panic… You’ve seen the biggest waterfall decline in M2 right now. M2 is deposits, not loans. That’s the deposits fleeing the system and going into money market funds. That could reach a crescendo where the Treasury and the Fed may have to come in and actually restrict your right as a US citizen to pull money out of the US banking sector.”
Deposits are liabilities of the banks, they are unsecured loans. That should always be remembered, no matter where anyone chooses to park their assets.
