President Joe Biden - Kamala Harris Administration

#42,691
#42,691
jmacvols1 said:
Several Bank Stocks Halted

Exchanges just halted trading in several bank stocks due to volatility. The sector is once again selling off sharply in early trading Monday.

Currently halted stocks include:

  • PacWest Bancorp
  • Zions Bancorporation
  • First Republic Bank
  • Regions Financial




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Isn't it comforting to know that senile, doddering Biden is at the helm?

Dark Brandon will rise!!!!!
 
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#42,692
#42,692
hog88 said:
What bowlbrotherism definition are you using to define "bailout"? From everything I've read it sure sounds like a bailout.
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Then you need to learn to read, ham sammich 😬. I posted in the other thread on the investor note I got from Goldman today. They gave a lot of detail of the mechanics the regulators have laid out. Anyone under $250k deposits has access to all of their money today. Anyone over $250k doesn’t have full access and is basically awaiting the funds from the regulators dissolving the assets of SVB and Signature. And unlike 2008 these assets do have real value they are just depressed due to the interest rate rise. However the bank shareholders are wiped out as the stock is trash. But shareholders /= depositors.

What the Feds are running their mouth too much on is all depositors will be made whole. It’s unclear right now that they can actually do that with the laws in place. But they can absolutely dissolve the seized assets and disperse those assets to the depositors.
 
#42,693
#42,693
NorthDallas40 said:
Then you need to learn to read, ham sammich 😬. I posted in the other thread on the investor note I got from Goldman today. They gave a lot of detail of the mechanics the regulators have laid out. Anyone under $250k deposits has access to all of their money today. Anyone over $250k doesn’t have full access and is basically awaiting the funds from the regulators dissolving the assets of SVB and Signature. And unlike 2008 these assets do have real value they are just depressed due to the interest rate rise. However the bank shareholders are wiped out as the stock is trash. But shareholders /= depositors.

What the Feds are running their mouth too much on is all depositors will be made whole. It’s unclear right now that they can actually do that with the laws in place. But they can absolutely dissolve the seized assets and disperse those assets to the depositors.
Click to expand...

The Fed is already talking about backstopping the uninsured accounts and amounts, where the heck do you think the Fed is going to get the money for that?
 
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#42,695
#42,695
hog88 said:
The Fed is already talking about backstopping the uninsured accounts and amounts, where the heck do you think the Fed is going to get the money for that?
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I already told you they’re out over their skis on that statement. They are within their power to sell the seized assets and disperse those funds to depositors. But if that comes in under 100% if deposits it’s unknown today how they can close that gap.

I know where they won’t be getting the money for that. Go get your last bank deposit and tell me the fee broken out that says “your share of the FDIC insurance premiums we have to pay”. Today the funds used to insure deposits are collected from the banks profits. That has always been the mechanism and was the only mechanism I’ve heard mentioned this far in the long term. The Goldman investor note went into that a bit also I believe going quickly from memory.
 
#42,696
#42,696
Biden Tries To Pin Bank Collapse On Trump

Blame Trump time but .....


“Those claiming the bipartisan deregulation in 2018 was responsible for today’s collapse don’t understand stress testing nor fractional reserve banking. SVB collapsed because of the unrealistically low interest rates imposed by the Fed and gross fiscal mismanagement at the bank. For example, management sold off the bank’s interest rate hedges in December 2021 – assets which would have offset the bank’s losses today,” Antoni added.
 
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#42,699
#42,699
rekinhavoc said:
Biden Tries To Pin Bank Collapse On Trump

Blame Trump time but .....


“Those claiming the bipartisan deregulation in 2018 was responsible for today’s collapse don’t understand stress testing nor fractional reserve banking. SVB collapsed because of the unrealistically low interest rates imposed by the Fed and gross fiscal mismanagement at the bank. For example, management sold off the bank’s interest rate hedges in December 2021 – assets which would have offset the bank’s losses today,” Antoni added.
Click to expand...
Yup. Fed went from being Santa to arsonist and now trying to play fireman.
 
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