Posted on 03/02/2024 3:48:46 PM PST by george76
“amended its fourth-quarter losses from $252 million to $2.7 billion “
Just a rounding error.
whoopsie
I love hearing about the “urban doom loop.”
May liberal hellholes rot away into nothingness. COVID was able to bring an excellent insurmountable problem to runaway city government spending.
The U.S. national debt is rising by $1 trillion about every 100 days..
https://freerepublic.com/focus/f-news/4221193/posts
LOL, imagine attempting to clarify that...
Defenestration comes later.
What do people expect from a bank with a Communist name?
Commie whore Letitia James is proud.
I think the Fed has been covering up the weaknesses in regional banks. After the failure of the couple of banks last spring, the government and media declared the banking system sound and little more has been said.
I look for more banks to soon fail and/or be bought up by one of the Big Four. Soon, we will have fewer banking options. Also, eventually banks will come after the credit unions making them a less viable option.
if bad loan risks sink your bank...thank a democrat.
When your loans are bringing in 3% and your cost of borrowing new capital is 6%, you’re a zombie bank.
Just like all the other banks.
How much money did the CEO make while at the helm of its destruction?
https://www.concoda.com/
Interesting analysis here
BTFP will expire 3/11/24 which some claim nationalized banks. It ends 3/12/24. What’s next?
https://www.concoda.com/p/the-feds-new-rescue-mechanism?utm_source=%2Fsearch%2FThe%2520Feds%2520new%2520rescue%2520mechanism&utm_medium=reader2
THE ‘GET TRUMP” EFFECT ALREADY?????
For much of this century returns on cash was like less than 0.5% per year. This was a war on savers.
So getting like a 5% return on cash is pretty good.
NYCB acquired the collapsed Signature Bank.
-2- the Bank Term Funding Program expires next week. The emergency loan program established for regional banks last year during the crisis.
What is next for regional banks? = Bank Crisis II .
I guess nine federal agencies and state banking regulators still aren’t enough to oversee the banks?-said no rational human being ever.
As long as the loan request asset values weren’t inflated, default is okeedokee.
at a million dollars every 100 days, the end was tomorrow.
imagine being $200,000,000,000,000 debt/unfunded liabilities, borrowing at 4% and the US Dollar being the unparalleled king of earth with no reasonable substitute even existing.
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