Posted on 03/15/2023 5:39:27 AM PDT by Red Badger
Friday was a dark day for the U.S. economy.
Last Friday, Wells Fargo customers started complaining about missing money from their accounts. Wells Fargo has publicly acknowledged that customers are missing money from their accounts but did not provide customers with a timeline for fixing the issue. Silicon Valley Bank also collapsed on Friday.
When Wells Fargo customers logged into their bank accounts Friday, they were greeted with a message that read. “If you see incorrect balances or missing transactions, this may be due to a technical issue and we apologize. Your accounts continue to be secure and we’re working quickly on a resolution.”
Friday’s Wells Fargo statement to customers uses the interesting language “this may be due to a technical issue.” However, so far, the bank has announced no other “may be issues” as a possible cause for why Wells Fargo customers’ money is missing.
Friday was one of the darker days in American financial history. Silicon Valley Bank’s failure was the most significant financial institution collapse since 2008.
Friday’s grim financial news prompted Twitter users to start sharing a video from 2020 of former President Trump talking about America’s economic future “All this incredible job we have done will go down like that. It will be a terrible sight. It might even be a 1929 situation, but you will have a crash like you have never seen before. If you put the wrong person in office, you will see things you would not have believed are possible.” Trump said in the video.
Bank Panic! Is this Donald Trump prediction about to come true?
SVB, First Republic Bank, Signature Bank, JPMorgan, Wells Fargo, Bank of America & Citigroup all losing HUGE. It was the worst day for bank stocks since 2020 which fell over 4% Per FBN. pic.twitter.com/CogDtMf9GP
— SweetPeaBelle (@SweetPeaBell326) March 10, 2023
Friday’s Wells Fargo and Silicon Valley Banks news also prompted Twitter users to share a 2008 clip from the tv show South Park. The clip shows the local South Park bank losing all its customers’ money. “Another crazy thing South Park wrote that came true.” One Twitter user wrote.
https://twitter.com/i/status/1634268217995583488
Dealt with WF bank once years ago. That was enough. Made me always pay off mortgages and loans early to get out from under the bankers jackboot. Did it cause some pain? Yes but today I live debt free and have a nice little stash while not wanting for anything. Really did not miss anything throughout the years but never had a bankruptcy like many did and they are still tied to those dreaded bankers.
Is this the same issue, or do they have bigger technical issues?
Have you ever noticed that not once is the error in favor of the account holder, and only the bank?
I always find that interesting.
SVB and Credit Suisse had a crypto tie, as did FTX. Be interesting if the others taking a haircut did as well.
Its reminding me of investment firms who played with commodities and got into hot water.
But the crypto angle keeps popping up. Notice how relatively quickly FTX seemed to disappear out of the news cycle?
Same only worse............
Just like Democrat recounts...................
They are all interconnected............
The bank that is now Wells Fargo bought the logo.
A few years ago we took an expeditionary road trip. We followed the Butterfield Trail, the route of the first US Mail trans continental contract route from Memphis Tennessee to San Francisco. The route went thru Arkansas, Oklahoma, across Texas, New Mexico, Arizona then up the valley to San Francisco. A primary reason for the US Mail route was the transmittal of various Banking documents.
Mr Butterfield was at the east end with his American Express. Wells Fargo was at the California end. Wells Fargo has been an important factor in American history since very early on
https://en.wikipedia.org/wiki/Butterfield_Overland_Mail
There are some corrupt and incompetent local banks, but every large national bank is a warehouse of corruption and incompetence.
Fat finger excuse again.
The majority of banks won’t crash, but will have “problems.” The problems will be addressed - everything will be fixed!
What we’re seeing is an overhaul/reconfiguring/RESET of the banking and financial sectors of the economy; preparing for cryptocurrency, and implementation of Agenda 2030.
The nuts and bolts of how it’s done is per usual for The Cabal: with dishonesty, deviousness and deceit.
What do people really think “Build Back Better” meant?
> Wells Fargo has been an important factor in American history since very early on <
Yes, it’s a famous name. But I guess Wells Fargo is now like so many other US companies. Once a trusted brand. Now, not so much.
Maybe we just took it.
They hold my home mortgage @4% - only have a couple of years left. Hope they hold out that long.
“technical issue” is the same thing as a “glitch,” which is a human screwup blamed on the computer.
Don’t trust them.
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